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Some on this board got caught in ignorance.
In a super market we buy what we see.
Stock markets are a mystery/misery/tragedy.
Too many crooks in this game.
mainly on AIM.
"All I see are myriad pointless questions of people who cannot possibly have the answers".
No memory then gotreal. You have my sympathy. Good luck.
No need to explain yourself Monti, your posts have more merit than most on this board, as have ODR’s down the years, same team don’t forget folks . Lets hope the news flows through Looed will continue.
GLA real holders, karma to the rest
"Research and sharing ...... " All I see are myriad pointless questions of people who cannot possibly have the answers. We are passengers on this train; it will terminate at some point.
Gotreal: unlike you it seems, I have been actively trying to find information for many years and have always shared what I have found on here. Without such research and sharing, you would have nothing to come here and criticise.
Gotreal 👏👏👏👏
There are a number of naive people on this board. If you are not 100% sure that your intended action is going to benefit the long-term, greater good, do nothing. Given that you have done nothing for 5 years, it shouldn't be a chore.
No one is on your ‘effing back’ as you put it, but when you choose to plaster your email communications on a public BB with the Liquidator, then you must be ready to expect some feedback/response (whether it’s good or bad). Regardless, I did say in my last post that your intentions were genuine if foolhardy imo. I also said that hopefully, your actions will not cause any blockage in future company communications but only time will tell. Remember, Looed is only the messenger so probably is unaware of what future may bring from this. Having said that, I also remarked in my last post that I hope there will be no disruptions in comms so let’s wait and see.
On Willy sizes, I don’t believe Ive made any reference to your investment size (besides its relative to each person’s circumstances). But when you have one individual who has been banging the drum to get as many shareholders as possible to communicate with the Liquidator, then I wonder about their motives and it could be: 1) they are not genuine shareholders or 2) small disgruntled shareholders with small financial risk.
You want me to vent my angst towards the Directors but after 5 long years of copious legal cases, twists and turns, I have moved on to the next emotional stage of investing and that is hoping for the best.
Royal Mail scandal is the start. There is more to come and I am getting ready
as the most damaged and keen to talk O.A.P. Please, get in touch with me.
Mapp.
Everybody knows cheap sausages are full of crap
Monti: without wanting to go down the road of comparing willy sizes, my "investment" in FRR is ridiculously massive, but I don't feel that makes me want to see a return any more than someone with a small investment, as what may be a lot of money to one person is a small amount to another.
More pertinently, as a shareholder, I am desperate to see a return on my investment here. I bought my first share at 19p decades ago. I posted on the ii board for years before it was shut down and I then started posting on here. I have always tried to look at the Company's statements as true as that is my mantra: I always tend to trust people until they prove me wrong. I attended presentations in London and, like most, was taken in by Zaza. He let us down (understatement!).
Now we have been fed occasional morsels of information via Looed (I have stated my immense admiration and gratitude to Looed many times on here). Neither Looed or me or anyone knows whether we are being strung a yarn, but the latest one said they were speaking to the liquidators. So this struck me as something that maybe could be independently verified. Yes, it was probably naive to expect a confirmation or otherwise, but my motives were clear and, hopefully, understandable.
You, and some others, have suggested this may cause the flow of communication to cease. Looed didn't say that he had the same concerns, which isn't surprising as they are ... well, how can I put it best, ridiculous. I asked the liquidators whether they concurred with a statement that is in the public domain. Nothing more.
Now please get off my effing back and direct your ire at the ex-Directors to tell us what they're doing, and have done, with all our investments, without yet more years of constantly telling us that we will know "very soon".
I feel it is necessary to clarify my earlier post where I said that any comments/statements being made by ‘former Directors of FRC’ can be constructed as interfering and illegal as the company is in official administration. In fact, if people opened their eyes and minds, they will realize that Deloitte said the same thing and I quote ………’ the directors have no authority or power to act in relation to the Company, and therefore any statements, other than what is found at that link, are not made on behalf of the Company.’ By posting here purported comments from ‘former directors’, then we are not doing any favors on ourselves or the FRC team, particularly during an important negotiation and investigative period. Further, I have never refrained (or encouraged for that matter) any one from contacting the Liquidator, that is their prerogative but consider the knock-on effect. Now, following yesterdays revelation from ODR1, I feel maybe communication could be shut down but hopefully not. I also recall a similar episode when shareholders were aloud to listen in to the Texas Injunction hearings, but one particular shareholder ruined it for all of us by making rude interruption. What was his name? Gilly something. I have not doubt that the intentions of ODR1 were genuine but I really can’t decipher what he was trying to achieve by asking Deloitte to verify Looed’s company statement. All it probably did was alert Deloitte to ask the FRC team what the hell they are doing by making unofficial company statements via an anonymous bulletin board poster. Not sure how they could explain this away.
As far as people’s perspectives are concerned, someone with a few hundred investment will have a different approach to someone with tens of thousands of investment. Tenners is probably a small time investor and therefore he feels he can take a moral high ground by rocking the apple cart. Unfortunately for majority of us, we have little choice but to continue to support our company to the end I thought BugsyB’s post today succinctly captured many of our sentiments for SN and FRC.
He will enjoy his birthday without a thought for us.
He thinks that AIM investors earn too much and therefore
are an easy touch . Few odd ones make a fuss
and are belittled
Saucysausage - looks lie a d!(k, behaves like a d!(k, talks like a d!(k, therefore is a d!(k
Sorry shop mind you the predictive text could have been worse so apologies as no offence meant
Thanks Looed for clarification and all your other work.
Interesting you chose Woolies as an example of SN behaviour as we all know someone who threatens to be a serial offender in Woolies window if this boat ever comes in.
At least if Coggy is ever seen in the window we will know whether he is a ship lifter or not as he will have nowhere on display to hide his plunder.
Hope all are well
On what basis would the directors of an entity outside of the corporate structure of FRC-C have standing to engage with the liquidators of FRC-C, other than as former directors responding to inquiries by the duly appointed liquidators?
--------
Exactly.
They wouldn't. The message from looed is designed to assure the stupid ones. And it will. Poor monti.
Clear to see what's happening here and the messages are getting more and more.desperate and looed being conned more and more.each day.
He'll wake up.
"The Liquidators are not in a position to comment on the statement you have provided. Please be aware however, that as set out in the Liquidators’ notice to shareholders (Frontera Resources Corporation - in Official Liquidation | Deloitte Cayman Islands), the directors have no authority or power to act in relation to the Company, and therefore any statements, other than what is found at that link, are not made on behalf of the Company."
Hmmm ...
Wait.... Who said this just the other day?
Was it thick old me?
And did Monti really suggest it was illegal of you to send that message?
Just loooools.
Best post for weeks mate cheers toatie.
SN's birthday tomorrow.. He is 64 years old....
Mrs (Jennifer) Nicandros... Your husband is 64 tomorrow.. You two have been married now for 41 years..
Can you please do us lot a huge favour... Tap him on the shoulder.. Look into his eyes and tell him to do the right thing here... Tell him to look after the faithful people who have supported him over the years through thick and thin.. The people who have stood by him.
Now,when all this is done and dusted, whether he retires to his Texan ranch, Or goes high tailing after an afterlife in US politics, He can do so with his head held high and his conscience clear, He can leave this complex, murky world of Caucasian hydrocarbon adventuring as a man, as opposed to a treacherous scoundrel...
Njames - no, it does not. Parent and subsidiary are separate legal entities. That is why FRC-C is under liquidation while the other entities are currently active. You are correct that as former directors of FRC-C they will be communicating with inquires.
Interesting, Looed. This means that other entities named "Frontera Resources Corporation" have been created outside of the original structure as set out in the arbitration document and the AIM listing document. On what basis would the directors of an entity outside of the corporate structure of FRC-C have standing to engage with the liquidators of FRC-C, other than as former directors responding to inquiries by the duly appointed liquidators?
The message that ODR received from Deloitte is correct. However their comments relate solely to FRC-C as the entity currently in liquidation. They have no powers outside of Cayman / FRC-C.
FRC continues to exist as a separate legal entity in other jurisdictions and the BoD of these entities remain in place. In other words, the BoD are currently former directors of FRC-C but are current directors of the other FRC entities.
It is as directors of FRC (elsewhere) that the company can engage with Deloitte.
The Cayman entity is subject to Cayman law and the other entities are governed by the laws of their place of residence, not Cayman.
If these other entities are to be liquidated then parties would need to commence liquidation proceedings in accordance with the laws of place of residence and would be subject to many factors such as corporate structure etc. Liquidation in Cayman does not automatically mean everything else is also liquidated.
Finally, there are no veiled threats from the company about contact with liquidators. It is an individual decision to contact or not to ask questions about your holding. They said if you are going to also make accusations of serious wrong doing (i.e. SN is a serial shoplifter from Wollies) then you should have evidence to back that up. Otherwise it's a baseless accusation.
This board is a comedy show. Good lad ODR let’s flush the bastards out
The company say nothing at all for 5 years and you lot have go at ODR for asking that question
Some of you need to look in the mirror at yourselves
You’re quite happy for the company to keep peddling through looed that they are working to get the company up and running again. Meanwhile the liquidators are doing what it says on the tin liquidating our company
Totally agree 100 % too many people turn like the wind no morales just a lot to say and well out their depth and should stick to playdo or Airfix