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<div>If the board is incurring debt and loaning money against frozen bank accounts with no guarantee of the ability to repay those loans - that’s textbook recklesss trading and almost certainly illegal</div>
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<div id="divRplyFwdMsg" dir="ltr"><font face="Calibri, sans-serif" style="font-size:11pt" color="#000000"><b>From:</b> JORDI PALET MARTINEZ via Community-Discuss <community-discuss@afrinic.net><br>
<b>Sent:</b> Sunday, July 25, 2021 1:12:37 PM<br>
<b>To:</b> Community Discuss <community-discuss@afrinic.net>; members-discuss <members-discuss@afrinic.net>; chair <chair@afrinic.net><br>
<b>Subject:</b> Re: [Community-Discuss] [members-discuss] Update on legal case</font>
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<p class="x_MsoNormal"><span lang="EN-US" style="font-size:12.0pt">The NRO, manages a fund, if I recall correctly, contributed by the 5 RIRs, in order to secure sustainability/stability of any RIR in case of contingencies.</span></p>
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<p class="x_MsoNormal"><span lang="EN-US" style="font-size:12.0pt">I guess this is a contingency that can apply to that fund, so a “loan” can be provided to pay any operational expenses while the AFRINIC accounts are frozen.</span></p>
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<p class="x_MsoNormal"><span lang="EN-US" style="font-size:12.0pt">So, no magic to obtain fund to continue operations, and in such way that no new court orders could froze them again, because is not “AFRINIC” money, and don’t need to pass by the AFRINIC accounts.</span></p>
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<p class="x_MsoNormal"><span lang="EN-US" style="font-size:12.0pt; color:black">Regards,</span></p>
<p class="x_MsoNormal" style="margin-bottom:12.0pt"><span lang="EN-US" style="font-size:12.0pt; color:black">Jordi</span></p>
<p class="x_MsoNormal" style="margin-bottom:12.0pt"><span lang="EN-US" style="font-size:12.0pt; color:black">@jordipalet</span></p>
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<p class="x_MsoNormal" style="margin-left:35.4pt">Greetings to all<br>
<br>
While we respect that AFRINIC just held a meeting on the issue, can we expect sooner or later a report from the registry about how the meeting went? And most especially, I think the community deserves clarity about the identified "alternative means" as we would
all like to know more about these projected financial actions. I hope that we can observe more efforts from AFRINIC to ensure transparency on its decisions and on whatever action it may choose to commit.<br>
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<br>
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Respectfully,<br>
Christian</p>
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<p class="x_MsoNormal" style="margin-left:35.4pt">On Sun, Jul 25, 2021 at 1:34 PM Paul Wollner <<a href="mailto:paul.wollner@africaoncloud.net">paul.wollner@africaoncloud.net</a>> wrote:</p>
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<p class="x_MsoNormal" style="margin-left:35.4pt"><span style="font-size:10.0pt; font-family:"Verdana",sans-serif">Dear Chair,</span></p>
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<p class="x_MsoNormal" style="margin-left:35.4pt"><span style="font-size:10.0pt; font-family:"Verdana",sans-serif">Would you care to share with the community where this alternative source of funding is coming from? Are these funds coming from other AFRINIC
reserves?</span></p>
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<p class="x_MsoNormal" style="margin-left:35.4pt"><span style="font-size:10.0pt; font-family:"Verdana",sans-serif">How will this impact the day to day operations in AFRINIC?</span></p>
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<p class="x_MsoNormal" style="margin-left:35.4pt"><span style="font-size:10.0pt; font-family:"Verdana",sans-serif">Regards</span></p>
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<p class="x_MsoNormal" style="margin-left:35.4pt"><span style="font-size:10.0pt; font-family:"Verdana",sans-serif">Paul Wollner</span></p>
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<p class="x_MsoNormal" style="margin-left:35.4pt"><span style="font-size:10.0pt; font-family:"Verdana",sans-serif">---- On Sat, 24 Jul 2021 18:25:40 +0200
<b><<a href="mailto:chair@afrinic.net" target="_blank">chair@afrinic.net</a>></b> wrote ----</span></p>
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<p class="x_MsoNormal" style="margin-left:35.4pt"><span style="font-size:10.0pt; font-family:"Verdana",sans-serif">Dear AFRINIC Members,
<br>
<br>
AFRINIC has been notified by one of its bank that its accounts have <br>
been temporary frozen due to legal action by Cloud Innovation <br>
Ltd. AFRINIC has not yet received the relevant information on this <br>
matter showing the basis of Cloud Innovation Ltd's claims, and <br>
AFRINIC has not yet been given the opportunity to respond to this <br>
action. It will, at the first opportunity, exercise all legal rights <br>
available to it before the Court. <br>
<br>
The Board of Directors held an urgent meeting last night. It <br>
identified alternate means of funding so that the company can cover <br>
the financial expenses incurred to run its services. <br>
<br>
Regards, <br>
<br>
Subramanian Moonesamy <br>
Chairman, <br>
AFRINIC Board of Directors <br>
<br>
<br>
_______________________________________________ <br>
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<p class="x_MsoNormal" style="margin-left:35.4pt">_______________________________________________<br>
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