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ZZ tops, a great write up, a very real chance of no updates, but I disagree that our leader will deem something like this from ODR will make him think , thats it, they get nothing, our leader knows full well the angst we are going through here, life savings to some, huge amounts invested by some, years of savings in my personal situation.
ODR carried out his right to approach Deloitte.
Only a few real holders actually understand that nothing we do or say will affect what is now fully underway behind closed doors. Am glad to say I am one of them who do understand we can do nothing.
ODR has just set him/ herself up for some barricking if updates stop, I hope this board doesn’t target ODR though, as this saga is getting to us all.
Hoping Looed will still receive updates, time alone will tell this tale?
Keep the faith folks our leader fights for us 🙏
Ziggy: thank you for explaining your thinking.
Can I just say that anybody who thinks that the liquidators are unaware of what is discussed on here are naive too. As if me passing on the ex-directors statement to the liquidators is the sharing of a secret and could mean that the line of communication via Looed is stopped is laughable.
Remember that we are all equally keen to know wtf is happening to our investment. The reason we don't know is that the ex-Directors aren't telling us. What we do know is the Company that we are invested in is in liquidation.
And some of you think that me asking a simple question of the Liquidators is ill-advised!
What Ziggy said
ODR
I really do not understand what you hoped to gain by contacting them with the message .
Two parts in your reply to breakdown .
First
The Liquidators are not in a position to comment on the statement you have provided
Nothing in their response indicates that no communication or negotiations even , is taking place between Deloitte and the former directors of FRC.
Nor does it indicate they are not .
Not sure what you expected them to say other than a neutral response
I would suggest that to expect they would confirm or deny is naïve
The rest
Their comments are std speak outlining the current ( already known facts ) re the former directors standing .
I accept its your complete right to communicate with the liquidators.
However if those from the Co stateside who are communicating with us via Looed are now thinking everything we say will be forwarded Deloittes for comment I assume that chain of comms will cease to operate and we become viewed by them as the enemy .
You have thanked Looed many times for the messages he has passed on , presumably you accepted them as genuine comms from the Co .
We all have frustration , disappointment ,anger even but with whats being possibly played out behind the scenes I think there is nothing to be gained by us interfering / disrupting / in the process at this stage .
We are already out with the Caymans entity, but we are… possibly ….still in stateside, who knows !
Getting involved now other than seeking neutral information on the process at this stage will not affect …out …but may affect our chances of staying in .
Really don’t understand your thinking on this one .
You have learned nothing re your enquiry but it is at the possible cost of irking those you need to be on your side for any sort of worthwhile outcome in this saga .
100% Njames saying real possibility of no further updates
There is nothing illegal about reaching out to the liquidators, despite veiled threats mentioned by Looed's source a couple weeks ago. It was probably unwise, however, as I'm sure it will have a chilling effect on the source and there will likely be no further messages passed on. That said, the messages didn't contain anything of substance, just assurances that the company was working hard to put all the legal issues behind them and that they were working on behalf of all stakeholders. No concrete evidence of that was ever seen beyond what could be gleaned from various court records. And some of that, like the settlement with Mourant, was illusory since it was all thrown out the window and resulted in the winding up order.
Truth is, no one really knows what's going on entirely except SN, who is no longer in control of the company. This has historically been a schizophrenic company. They failed to show up at arguably the most consequential hearing in the company's history, the arbitration, and lost on almost all issues. Then they fought like the dickens to save the company from being stolen by ZM's machinations. Then let the company go into liquidation without challenge. Is it all part of a master plan?
FCA should be concerned, Far too many AIM shares follow the same pattern.
A scam is promoted with enthusiasm and gambled up and down. Who allows this to
happen.
After the gang of 4 went to see the oilfields it encouraged a lot of worried investers to pile more money into FRR after their glowing reports which turned out not to be true just shows how this company pulled the wool over everyones eyes.
“O”h “D”ea”R”,
Your right and everyone else’s right to do as they wish, got you anywhere? I think not to be honest.
I’am removing all doubt again here , but am I missing something possibly??
Your so called response as below from Deloitte,
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."
Considering an awful lot of posts don’t believe in Looed or the updates as being real, no proof other than our super slueths on FSHG team who have also been doubted at times, then how can anyone state the following …….The former directors of FRC have issued a statement to many of the shareholders today as below:
They haven’t issued anything to us.!
Don’t let this ruin your weekend folks, this means nothing at all in my eyes.
Team Looed & our leader and his team for myself , back to my port.
GLA real holders
ODR, you needed to do what you think is right for you, and don't let anyone intimidate you otherwise or attempt to scare you. Any suggestion your efforts can be "constructed as illegal and interfering from the FRR Team" is laughable. Some live in cloud coukoo land. Not only have the FRR team been radio silent for the last 5 years, a court of law has ordeted the removal of SN and the board of ANY CONTROL. If they felt so strongly they might have bothered turning up at court to challenge that decision. But they didn't.
Your response from Deloitte speaks volumes, and puts into context any comments on this board said to be from "the company". If they wanted to give us a message, they would, directly!
You won't get an answer because they have no idea. They'll just throw out vague accusations they can't justify because they have no idea what's going on. I'll inject some balance here and say that was the most sensible thing anyone here has done in the last two weeks. No I can't justify that statement either because I too have no idea what's going on. But let's have more BS statements about how FRR might have hurt feelings because there's not a lot else to be gained from this clown show and I could do with the laugh.
So I asked them to clarify a statement in the public domain. Why is that illegal?
And trying to get independent confirmation of what we are being told. Why is that not very wise?
Not a very wise thing to do ODR, IMHO.
> can be constructed as illegal and interfering from the FRR Team
The meaning of your sentence is not clear. Please clarify so we can all spend Friday evening drunkenly arguing about it. Thank you.
I will stick with SN.
ODR1 - with respect but sending out that email to Deloitte was silly and can be constructed as illegal and interfering from the FRR Team. I am not sure what you were trying to establish…..
I emailed the liquidators with the following question:
"My question please is as follows:
The former directors of FRC have issued a statement to many of the shareholders today as below:
"We are working closely with Deloitte to return the company to the pre-windup status quo for the benefit of all stakeholders, and we are advancing a joint formal plan in this regard.
As this unfolds, more info will become available. We are grateful for the positive and professional, collaborative relationship we’ve established with Deloitte"
Can you please confirm if indeed this is the case?"
I have just received the following reply:
"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 ...
Haha, very apt Coggy. But at the same a little depressing. So much time has passed and so much hope invested in FRR and SN. I also feel compelled to say, thank you for your service.
Seems like we are the beaten generation (from the music band ‘the the’) or ‘why does it always rain on me’ from Travis.
Monti, we went in 2017 lol.
Yes, ToT paid a seperate visit after the gang of four.
ZM fobbed me off a few times on my questions about the gas plant. I knew he was talking BS, as natural gas processing was my job. Everything else he said I swallowed, hook, line and sinker. He was at ease in front of an audience, as came across very calm and confident.
Have a listen to this Monti, I think it's quite fitting for us older peeps:-
https://youtu.be/GQxM5rJ-uiY?si=ZfGgx3NIEXLGAPQy
Thanks for the correction Coggy. This trip was back in 2016, at the invitation of Zaza? In his presence, did you ever feel at any time that Zaza was a silent, two-faced, back-stabbing CEO? I must admit, watching him give media interviews and as well ans the investor presentations, he seemed quite shareholder-centric.
I believe ToT was there too but perhaps he did a separate solo trip because his notes and site pictures were posted on the iii bb.
Coggy, One of the three others must have been RR who loved Georgian Food and vine
and Bendick's Mints. You booked a flight and did your research. Impossible to fight over
an emply box, a basin of liquid gold, Deloitte may have the answer and HL must know
how many of us were caught.
Monti, your memory is playing tricks on you. ToT, Devex, myself and three others ran FoF. It was Mole, R8pilot, Wishful thinker and myself that went to Georgia, with flights kindly paid for by regulars on this board if my memory serves me right 😊
Great to see a special appearance from the iii-legend, Mr ToT himself. I recall you being one of the original band of brothers that made the trip to Georgia to visit some of FRR’s oil fields and reporting back with some cracking, independent info for the benefit of the ‘armchair investors’. You, together with Devex, Coggy and Fred, we appreciated your efforts. And I can’t recall for sure but I think you gents funded this trip yourselves. After all these efforts as well as making enormous efforts to connect and support the Managemnt Team, we find ourselves in this sad predicament. Also, during my quiet times, I start to wonder how Zaza managed to hoodwink so many bright and ‘street-wise’ people. I will also include Mole in this select group of highly intuitive and instinctive people. Having said that, this is not a dig at these people especially when you compare and consider that a highly authoritative figure like SN also failed to figure him out. I will again reiterate that ZM has a mental disease and is a pathological liar.
Going forward, I hope, periodically Mr Piscator can continue his ‘drop bye’ here to give his thoughts as I think we have a few interesting weeks/months coming ahead via Deloitte updates.
Looed - many thanks for replying, duly noted. I also wonder whether you have ever directly spoken to SN in your dealings with the company over the past few years, but if a delicate question to answer, plz ignore.
Ah thank you! A movie I've heard referred to a lot over the years but never seen. I've just read the plot summary and it sounds pretty nuts! Will have to watch it one day.