GreenBank Capital Faces Challenges with Staminier Loan, Lawsuit, and Trading Halt

GreenBank Capital Inc. announced an array of developments impacting its operations and investments. Disappointing news comes from Staminier Limited, in which GreenBank holds a 48.5% share. The British Business Bank's Future Fund has refused Staminier's request to extend its loan term, resulting in a demand for repayment of £11.2m, posing a risk of insolvent liquidation for Staminier. This situation might offset debts between GreenBank and Staminier but threatens the asset value GreenBank holds in Staminier.

In addition, GreenBank finds itself embroiled in a lawsuit in Wyoming, facing claims of over $3 million related to its alleged involvement in the "Freeway scam." GreenBank and its director Richard Beresford, who is also named in the lawsuit, have denied any involvement with Freeway Tokens and are challenging the lawsuit's merits.

Furthermore, GreenBank's shares faced a suspension after a cease trade order was issued due to delayed financial filings. Although steps have been taken to address the regulatory requirements, it is yet to see when the trading halt will be lifted. This series of events marks a challenging period for GreenBank, impacting its future dealings and the potential sale of The Substantia Group.