 Timis lost all of his $450m investment as did the institution investors, shareholders and bond holders.AMI was operating as Shan Steel under Chinese leadership until they recently left the tonkolili project with the loss of all jobs created by Frank Timis and AML.Timiș was formerly the non-executive chairman of African Petroleum, he stepped off the board and any role in Governance in African Petroleum in October 2014 and this remained a precondition of the subsequent and current listing on the Oslo Bors.