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"The American Chamber of Commerce in Georgia held its annual General Assembly and Luncheon at the Sheraton Grand Tbilisi Metechi Palace"
" Ann Davies from BP Georgia and Natia Janelidze from Gazelle Finance were candites for one Corp A Board position and Ann Davies was elected by a majority of the members"
Star is a cant
Star Rage you have the perfect age for trading. The elderly are misled.
INVESTMENT should not be a game. Going down the drain.
The FSA has a duty of care. That is why they are there. Their duty is
to set up rules and not turn investors into FOOLS.
And the positives are frontera are producing. Maybe not for long when the staff don't turn up.
Things are obviously different in Georgia but how do you get away with not paying staff for 10 months? But why if you were employed would you go to work? I wouldn't
Widow of 83 ? Tortured on AIM . Sums up investment going down
the drain. On dodgy market AIM . FCA must take the blame.
Rename Casino AIM. Investment is a most misleading name. A I M .
A for ? I n v e s t m e n t should not be a game. "Casino AIM" is the right name.
These are the quotes that came in the wake of the comments that led to a reduction in employees and unpaid leave. You might not be surprised to say that the unsatisfied employees were met by cynicism and even threats from the other side. That made the relationship between the company and employees even more vague and even led the negotiations to a halt. As employees told the Shiraki newspaper, they already came to the meeting with reduced salaries and a working hand, which is also unfair.
Most employees no longer believe in company promises. Not even the hope that the General Director of the company spoke about. Nor about the future they could have with the company, not the months of unpaid salaries. It seems as though people are more likely to be patient, but not in this case ... Patience has become a synonym for the struggle for the employees of Frontera Eastern Georgia.
Employees of Frontera Eastern Georgia intend to continue fighting for their rights. The only way they can see this is in permanent protests. In the near future, with the demand to receive their salaries, they plan to hold a rally at the US Embassy.
It is said that hope dies last, but according to the staff of the Frontera Eastern Georgia, this has been a long time coming for them and they will not do anything to help. Neither the wait, nor the understanding, nor the respect, nor the many years of working together have helped Zaza Mamulashvili, the General Director of the company, continue to ask them for patience and for the company to overcome the crisis. Still in vain. It is already the second meeting that we hear phrases like "Be patient, Wait, Drop it", that have become the words of one big, cohesive circle. A circle that has no beginning and no end.
As Zaza Mamulashvili, General Director of the company said, there is progress in the dispute over the company with the government. According to him, virtually all issues are resolved positively, except for one related to the contract between the state and the company. The company has a contract until 2027, the company is trying to extend the contract after 2027, otherwise the production of wells will be useless and there will be no time left for the investor to return the investment. According to him, after discussing the issue and negotiating with the state it will be possible to sign an agreement with investment banks and conclude a new financing agreement. This will automatically result in the company continuing to operate under the old regime and giving employees salaries over time (exact timing is not yet known!). The crisis period, he said, is until the end of January 2020, after which positive changes are expected in both the relationship with the state, investment banks and the company. (The exact time is also unknown here!)
This statement was followed by dissatisfaction with the gathered staff. Some even left the hall in protest and refused to attend the meeting. One of the women in attendance expressed her emotional distress at the families of those present: “If you go into these people's families, you will cry. Some have student children, some have bank debts, some have health issues. Look at these people, they've gone through this service and they've lived it all their lives. It is a sin and a crime, a violation of the rights of hard working people who are justly demanding what they have been for months. Do something."
“Give us your salaries. Or else no one will go to work. We will not allow the extracted oil to be passed. The wells will no longer work. How do you imagine being human, being collegial, for any of us to stay at work and the rest of us to be at home with employees and not worry about all this? ”
Frontera Eastern Georgia VS Employees
Employees of the oil company Frontera Eastern Georgia in Dedoplistskaro have been protesting for three months. They refused to attend the workplace and produce oil from oil wells after failing to get an accurate answer on their ten-month due salaries. On October 26, Zaza Mamulashvili, the company's General Director, met with the strikers but failed to reach a consensus. The General Director requested the deadline until November 5. Despite the pessimistic attitude of Dedoplistskaro residents, most of the staff gave it one more chance. However, as it became clear from the November 7 meeting, again in vain...
“Everything is stopped, or it will stop until our salaries are paid. I don't think this meeting will be resolved positively either. What happened before will be even worse today. Again, there will be an unsolved problem with the government in front of us. What else can we expect? I don't believe in anything anymore. The government needs to hear our voice too. Should someone pay attention to us? They shall give us our salary and I don't think I will continue to work there. "
“We don't know what to expect anymore. We strive to get what we worked for to be paid legally. How things will turn out, I really can't predict. But the fact is that all this has been going on for years. We can't move forward, on the contrary, we go back and forth. Obviously, people's problems cannot be solved. Whoever settles, then let us look and pay attention. We demand, first and foremost, our salaries. Nobody has any other interest. When a man or woman is out of work and waiting for his or her salary at the end of the month, he or she is abused for months without pay. Offers are not fulfilled. "
“I also think these temporary offers are a farce. We can freely demand whatever the company owes for 10 months. ”
“This is actually the last point we have come to. If necessary, we will arrange a meeting at the town hall as well. ”
“We have not sued because we still hoped for negotiations and agreement. In addition, the processes are often ongoing for years, which is still linked to our finances. So we're still looking for ways to improve. "
“Time works against us. It is with these promises and the delay of time that we have come to this situation. ”
It sounds unbelievable, but it is still the sentiment of those who wrote in our newspaper article of October 26, 2019, " Sisyphus’ Patience as a Punishment." There was no way out of the hardship and long-suffering of the front-line staff at Frontera Eastern Georgia. Many months of unpaid salaries, unanswered questions and still disgruntled employees who spent about two weeks confused and who came to the meeting hoping that at least some of the promises would come true.
She is very busy and can't shut up. If FRR turns up with a FINAL BLOW.
Mapp is ready to go on SHOW . ON SHOW, ON SHOW. Publicity is the best
remedy to clean up Cesspit AIM and prevent INVESTMENT going down the drain.
If AIM means going down the drain there is no point to raise money on AIM.
NO WIN / NO FEE is the message to INVESTORS like me. The FCA can't cope with
the mess. Investment on AIM is torture and stress.
Stealing oil to survive because there is no money to pay workers?
Unbelievable story and I hope not true. Stealing has become fashionable
and I wonder when I shall make a start. If caught I'll go to prison and invite the
DAILY MAIL in search of publicity. Fast Track to attract attention. My daughter
would not be surprised and my son would be too late to stop me TELLING the TRUTH.
The TRUTH and nothing but the TRUTH about Cesspit AIM where investment
goes down the drain and stealing is the latest trend. I hope FRR has a HAPPY END?
True, I've also heard they steal stuff probably more so if not paid. Perhaps some oil is going astray though it needs refinement they might still be operating somehow like this. Oil etc out there can probably be exchanged for a fair bit.
Yes, we were led to believe they were unlocking the secrets of the various zones with fracking expert and Jason Bourne lookalike, Dustin Aro. Dustin seemed totally convincing at the shareholder meeting and said he would be going for the low-hanging fruit first. Then he buggered off to start his own company.
Guy's hide the cheese the dirty rat has turned up.
No, it was the intention but we didn't hear anything else.
'The well (Dino2) naturally flowed light, sweet crude oil at a stabilised flow rate of 315 bbls per day. The intention is to continue to test the combined flow of Zones 14 and 15 and within a period of approximately 60 days, perforate and mechanically stimulate Zone 9 and produce from all target zones together. As previously announced, in addition to these target Zones 9, 14 and 15, a 20.0m pay interval has been confirmed in Zone 13 and the Company is also considering the perforation and stimulation of Zone 13 in addition to the original Zone 9, 14 and 15 targets. The market will be updated about the final decision in due course.'
Thanks Star, was zone 9 also included in that flow rate?
At Dino2, Zone 14 and 15 combined, initially flowed 315 barrels per day, but no updates after that were ever given.
Was just watching the video on YouTube of Dino 2 flowing, was there ever any flow tests done on Zone 14? The guy sounds impressed with what he was seeing.
Re your second para. Whilst things have moved on quite a lot ( re pay etc) I do think it is important to remember that the people of the eastern block (as was) have a different attitude to us soft westerners! I remember when I was last out in that area the train drivers had not been paid for months and whilst they still grumbled (quite a lot in fact they were stealing diesel from the loco's to a point of them being empty so even when matters were resolved they could not move due to lack of fuel) They are really made of sterner stuff, Of course the western influence will have had an effect on attitudes but they are still in catch up.
Free,while you are wondering that ,I wonder how many people at the last meeting ,while being told to expect the Earth and that Frr don't go to court unless they can win expected to be where we are now.
The fact is there is a protest and it is getting coverage. Maybe some are looking or have gained paid employment.
Well summat's definitely going on, that's for sure,
Oh dear. Trading is degrading. Trading is no fun.
Trading is for drop outs living in boredom in the sun.
Trading is gambling which is a sin.
Many sad gamblers end up divorced
Looking for food in a Charity Bin
seems to be at it again today. Quality !
coggy, unfortunately though the good authority is under an NDA
R8, I have it on good authority that Cheesie was bored yesterday and just winding the board up.