CYBER Interfranchise AE
CYBER Interfranchise AE was a company registered in Greece as part of an investment agreement with Cyprus Development Bank in 1996.
The company 1 million CY Pounds shares were distributed as follows:
- MISnTED Ltd. 51%
- Cyprus Development Bank 30%
- Other individual investors 19%
The shares were fully paid by all investors except the Cyprus Development Bank, who provided half of their committed capital in the form of a convertible loan that was agreed to be converted into shares later. The Bank has never fulfilled its contractual obligations.