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Ah, the old “time we did something” call to arms is back. You are so angry and outraged at the lack of comms that you –
1 – gave up trying, and instead,
2 – expect others to do the “something” for you based on some vague suggestion.
What does your idea of “something” mean? What concrete proposals and course of action(s) are you suggesting? Are you willing to take charge of these initiatives?
No? Easier to get shady with the people who didn’t give up and are actually doing the “something” you yourself aren’t willing to do.
I have previously explained why they talk to me. It is ridiculous to think they only talk to one shareholder (we already know that isn’t the case as another holder kindly shares their messaging). This BB represents but a small % of shareholders.
Attack and complain all you want about the company but leave me out of it.
Sorry guys but why should looed only get information. We are all shareholders in this company think it’s time we questioned the company. We need some news. Sorry looed but I’m a bit p****d off with only you getting information. I’ve tried but to no avail. Cheers
Abkaz: I too have a life changing amount "invested" here and I agree that it is just not acceptable for the Company to not communicate with us; they have behaved abominably and continue to treat us with disrespect with their silence. So your ire towards them is understandable and well directed.
However, where I do disagree with you is in your remarks about Looed, who has not only worked tirelessly on all of our behalf, but also very generously shares what facts he does manage to glean. For me, he has provided a beacon of hope for us all.
Akaz ,
I have 7 million tied up in this company if the share get to ÂŁ1 and others a lot more don't worry about it.
Then you are stuck like the rest of us no!!!?? Having a sm@rt @rse go at the sleuths , namely one who has pretty much kept real holders hopes ticking over , then expect some flack back
If your a real holder??
Sit back a think all things are bright and beautiful all companies great and small
GLA real holders
P*** mate I have a life changing amount of money tied up in this company. And yes I would communicate because the argument that you can’t send a message because of ongoing legal proceedings is ludicrous.
Name one who is defending the companies choice of staying silent is ok???? Legal dealings ongoing, would you talk out loud about these if your companies existence depended on it???
Aplogoes for responding all LTH’s but this is again why I say GLA real holders.!!!!
There is no need to get defensive. This is nothing personal but for all we know you could just be some guy on a power trip. I am not alleging this but the fact that dozens of shareholders are militantly defending the company’s years of silence because of a trickle of unverifiable information is unbelievable. There is no longer any good reason the company can’t issue a statement outlining some basic facts. It’s pathetic.
Thanks ZyDer / Ziggy
If news is related to court dates it might be a few weeks before we hear anything new.
In some “sort of” related news – figures just released show the GG / GD spent US$1.9m on lobbying in 2021. US$320K was spent lobbying for FRC. This was the time of the senator’s letters and similar moves to support the company.
The filings state the GG / GD money was spent lobbying “to strengthen bilateral relations on behalf of the foreign principal…and direct foreign investment in Georgia”
Thank you Ziggyzag. A much more eloquent and considered annihilation of that post. I only had a few minutes this morning, but I was so outraged I had to say something.
Thanks for all recommendations.
For the the other 5. A re-recommendation will take your recommendation off.
Something to think about.
Not said anything to Looed before.... but thanks, thanks and thanks again!
Abkaz
What a complete muppet you come across as in your statement clearly eluding to Looed.
Many on here appreciate the work he and others do in bringing news, messages and general info ……what have you brought other than snide comments ?
BTW if you want to back up part of your statement, perhaps you could provide the details of any of the “endless deals “ Looed has “ promised “
I am still alive but the NHS is in trouble and we need to pay for
quality if we want to get better. Andrew Bailey is aware there are too many
elderly getting too old . A simple solution is giving a helping hand before
becoming a burden to society. The insurance Industry would not like it.
The elderly are soaked until there is nothing left and then?
Wise words from Abkaz that we should be suspicious of unverified rumours. I also expect thats the first time the words "Abkaz" and "wise" have appeared in the same sentence.
I see that poster never followed through on an earlier promise to start a "Looed Beer Fund". Pity as its almost 5pm for me and i could sink a cold one right now. More so after a brief review of its tedious posting history.
And can anyone verify you Abkaz???
GLA real holders and many thanks to ALL the sleuths on this board
Sorry Abkaz. But I think that is very unfair.
Still no news except for endless promises of future deals by an unverified random guy with an alleged line to top brass?
Yep thought so.
Sadly this share has only ever made my eyes gush!
I get quite excited about gushers.
As luck would have it big Dave I’m looking for a oil company to investigate the oil shows in my back garden, so they can have a poke around there and I’ll issue a licence
It will still look the same in 25 years time but I may get 5m off them for not doing anything and the entertainment value will be priceless
I very much doubt FRR have paid any of the $5.7m if they have then it's likely from the GOGC working the field. I'm not sure if the GOGC is actively working the field in any big way if at all. Even if they are then they will be running costs and they will likely be holding onto and monetary gain would be my thought on it. If the GOGC was running the field and FRR benefiting then that could be a plus for us.
My guess is that potentially we're looking at a significant sum, possibly the $5.7m to pay the GOGC plus more to show we can invest a significant sum to develop the field. That is probably not going to thrill an investor. Aside from that settling with YA. Again an offer of shares may be their and our best best there.
I'm thinking possibly Hope decided to settle as he may saw that there's little to gain from a company that's financially knackered out. I don't think FRR had much if any hope in our claims against him. So both sides may have seen the need to just try and get FRR moving instead of drifting if at all possible. I think there is still a chance but it could well take a bit.
In addition to settling the outstanding amounts from the award, the company must also satisfy the GOGC that it has the technical and financial ability to meet its obligations under any new contract.
Thanks Looed.
Presumably there is no rush in FRR paying those sums unless a production sharing agreement crosses the line for the 1% that was awarded.
I'm guessing much larger sums will have to be paid to obtain the PSA for the 1% ?
Just to add that tot all the costs went against the company and the GOGC were found liable for some costs as well.
In addition, both parties were supposed to pay EUR500K each in upfront costs. In the end the company put in EUR250K with the GOGC paying in the balance EUR250K on the company's behalf. That repayment to the GOGC is included in the $5.7m
SA17 - the total amount is a minimum of US$5.7m which comprised of six penalties awarded in either GEL / EUR / US$. This
amount does not include an interest charge levied on the returned lands, charged from the date of the award to the date the lands are returned to the GOGC.
The company was represented at the Arbitration by FRGC (Resp. 1) and FRUS (Resp.2)
From the $5.7m, Resp. 1 is responsible for $293K plus the interest on the returned lands, and the balance of all the other amounts are due "jointly and severally", which means they don't care which party pays, but pay they must.
We don't know what amount the company might have already paid off either directly or via the GOGC working the fields.
Hi Looed,
Thanks again for your posts.
"Frontera", which has a desire to continue working here, but with the condition of fulfilling the terms that were put forward by the arbitration, because the amount has to be paid. So there is an opportunity for” Frontera " to return."
Do we know the entirety of what it is FRR is expected to pay and what for exactly ?
Apologies if I've missed any of your posts answering the same questions..