Warren Wheatley

The shareholders then pushed to remove four existing directors who resigned before they could be voted out.

But behind this dispute is founder Warren Wheatley, who recently stepped down as CEO after being banned from the financial industry for 20 years.

Now, he is challenging that decision.

But in the meantime, interim CEO Stefan Massie is also stepping down.

Well, yesterday afternoon, Africa Bitcoin Corporation issued a statement on the Stock Exchange News Service that shareholders holding 76% of its ordinary shares have demanded a meeting to appoint two new non-executive directors.

The lead shareholder is WGW Capital, the vehicle of former CEO Warren Wheatley.

Last month, the FSCA debarred weekly for 20 years over three trades worth 301 rand in total on the Cape Town Stock Exchange four years ago.

He disputes the findings, but to prevent damage, he resigned from his company as CEO on the 21st of September.

Well, yesterday afternoon, Africa Bitcoin Corporation issued a statement on the Stock Exchange News Service that shareholders holding 76% of its ordinary shares have demanded a meeting to appoint two new non-executive directors.

The lead shareholder is WGW Capital, the vehicle of former CEO Warren Wheatley.

Last month, the FSCA debarred weekly for 20 years over three trades worth 301 Rand in total on the Cape Town Stock Exchange four years ago.

He disputes the findings, but to prevent damage, he resigned from his company as CEO on the 21st of September.

And I won't be doing that anytime soon.

Usually when I interview people from any company, I do say whether or not we own shares.

In my recent interviews with Warren Wheatley, I might have missed that.

I apologize.

Your host, Kieran Ryan.

When we last spoke to Warren Wheatley on MoneyWeb Crypto, he and Stafford Massey outlined an ambitious plan to turn Altvest, now called Africa Bitcoin Corporation, into a Bitcoin treasury company following the example of Michael Saylor's strategy.

Warren has since resigned as CEO after the Financial Sector Conduct Authority imposed a 5 million rand penalty and a 20-year debarment on him.

He disputes the findings and says the transactions at the center of the matter were three platform test trades worth just 301 rand and they were conducted in 2022.

We haven't yet had a reply on this, but we look forward to it.

Hopefully we will get something and we'll share their views should they come forward.

So I want to thank you very much, Warren Wheatley, for joining us and explaining your side of the story as comprehensively as you have done.

Thanks for listening to the MoneyWeb Crypto Podcast hosted by Kieran Ryan.

But when you have malevolence and when you have this kind of antagonism towards business and the private sector, it causes untold damage to human beings.

And the damage that it's caused to Warren Wheatley and his wife and the CFO of a company called Africa Bitcoin Corporation, go and look it up.

And to the Brian Brown leaks of the world, got a similar thing going on at the moment with Mark Burke.

Mark Burke is a... politician who really pissed off the ANC.