On Wednesday evening Mobly announced that controlled Tok & Stok was making monthly disbursements for former consultants and family members who amount to over $ 5 million and that the network of furniture and decoration articles will charge the return of the amounts.
Moly, Tok & Stok Controller since last year, has declared in a statement to the market that payments have been made “in favor of the former members of the Tok & Stok consultants of the Dubrule family and almost 30 members of the family and others connected to them”. Dubrule are founders of Tok & Stok.
According to Moly, payments do not have “contractual or legal basis, nor social interests”. The updated amount of disbursement said Mobly, adds more than $ 5.2 million. The company said the payments have been made since 2013.
Dubrule is trying to regain the company’s control. Tuesday, Mobly said he received correspondence from Arrvain Particiaçants and Paul Jean Marie Dubrule with a public offer notice to acquire up to 100% of the company’s shares, with the price of $ 0.68 per share. Moly’s action ended on Wednesday at $ 0.97.
“Tok & Stok informed these former consultants to inform them about the resolution of the disbursements, as well as the complete reimbursement of this amount within 5 days,” said Mobly in the market declaration.
Source: Terra
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