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tabs, was that before this present news though?
I see it as potentially the ideal opportunity to find out what has been going on before some new issue pops up probably after the Election. I think we need to check how this company is being handled and whether in the right way.
I think Zaza looks to have done well in some regards such as paying off and getting rid of YA, presumably. At present though I'm not keen on the continued radio silence. The non recognition of shareholders is getting rather disrespectful I feel and when that happens the danger is that we risk getting disregarded wherever it may become possible to do so.
I see this juncture as a good possible opportunity to get all this Hope rubbish sorted out and shelved away as well as checking to make sure that someone is leading the company who will move forward with the development of the oil field.
we ve already had a debate phil and the consensus was leave it until after election
I'm kind of thinking we need an EGM to stop us being ignored. Before Zaza, SN, etc may have had a good enough reason but now we are past the Arb and it appears there problems are there's rather than Frontera's. They've had their opportunity to make their move but I don't think FRR should be used as a play thing by others while we are cut out of a company that we as shareholders should be in control off.
I personally think if a large group of shareholders got together and all chipped in a bit to get a solicitor to arrange an EGM, find out what has been happening and advise on course of action to take to ensure shareholders get their voice and interests represented.
I don't think we should let FRR drift for years when development and buyout/buyin/JV deals should be being done.
I can name one or two that are on the spectrum !
zaza steve and levan were in the car he talked about at the meeting, hope the wolf has chased it for two years hes managed to get two of them to jump and hes looming large in the rear view for steve
Think it’s quite evident shareholders aren’t even slightly on the spectrum here.
Do shareholders get any say/vote in a replacement for Zaza?
Would now be time for shareholders to call an extraordinary shareholders meeting to find out what is/has been going on?
If Zaza was gone around the beginning of the month then a few weeks could have already passed without anyone at the helm. Seems only fair that at this juncture SH avoid being left on communication blackout in a company we own.
Tsbs. RIP Barry. ;-)
hes a smarter cookie than the chuckle brothers
Zaza still active on Facebook posting again earlier today about Belarus and that a US senator is a great friend of Georgia . Obviously has more time on his hands
https://www.facebook.com/zaza.mamulaishvili.52
tsbs,
What about Mr Hope.......??
with zaza gone and frontera still a going concern I cant see anything other than a sale
lets be honest, can anyone see steve taking over the reins again or anyone else coming in and picking up the pieces
The one FACT we have right now, as far as it can be any fact be proven in the situation we are in, is that ZM has left FRR - that he no longer has any connection.
Just as everyone is asking, how has that happened and, perhaps most critically, why has that happened?
There are so many possible reasons.
As far as I am concerned, ZM did a great job preventing GD from sinking us. That was the aim of the GD. They sank others. So had TW, Hope, YA et al. It became a titanic political struggle in Georgia. If ZM hadn't a been there, we would have gone the way of the Titanic.
Perhaps in the end, and as others are suggesting, that is the reason why he has had to go. If FRR are to strike a deal, get some kind of major concession out of GD etc. you can imagine that ZM - having gone on the telly and out the boot in and stopped a corrupt, arrogant and entitled GD from achieving their goals - will be enemy No.1. They wouldn't be able to stomach him still being there, they cutting a deal with FRR and watching him grinning the other side of the table.
May well be moot whether he was pushed and by whom etc. Circumstances necessitated it. And as far as they have been able to put up a fight, SN and ZM couldn't keep goign forever.
If GD have proposed something meaningful, makes every bit of sense that GD have asked not to see ZMs smug face, and that SN and ZM will have worked it out, that he's got to step aside.
There are also benefits of this for the cases related to Hope. This has been discussed quite wlel already.
Is hard to know. ZM leaving would not have been easy for ZM. But, with the convergance of all of the above, GD on one side and Hope et al on the other, the decision would have been a necessary one in the end.
But, as always, this the greatest ever real-life soap opera and we continue to wait to see.
mole, has zaza gone as part of this resignation process will steve be next
Would the co. have to relist to issue a special dividend in the event of a takeover/deal, or would your broker just fund your share account based on their records of your holding ?
Star the 250m each shares is what I understand the Texas case is all about.
I'm not so sure about how the 500m shares gets offset against the interest - logic suggests it must - you can't just take both - but by not handing them over and delisting they are no longer worth what they were. But my read is that Hope would end up with 500m shares to use for instance to vote or block a restructure or carry into a liquidation given we are suspended. The 500m shares as of today only have any value if the company relists. The rest of the interest and the loan note principle is what the New York /Cayman liquidation cases are all about. Don't forget Steve has some loan notes as well - not many but a few.
The most interesting part of the non real/fake arbitration document was the bit around who was left to run FRCC and hence FEGL. The mortgage had the signed resignation letters copies. But were they ever served certainly not before the attempt to transfer and possibly even not by today. Hence why Zaza was able to carry on in Georgia post arbitration result. I'm watching for any movement on those letters showing up in Georgia registry or US cases.
WE seem to be in the bizarre position that FIT have control of FRCC but may have left the FRR board in role because even they are not sure of the outcome and need to be careful with the asset. Having secured the 1% will the letters now been served I wonder?
It is that battle over the asset that I believe is having to be worked through and the Georgian politics have just added another layer of complexity to an already complicated mess.
why is he not chasing the 46m
and i will rip in to you until im banned for life
bewhahahahahahahah
the big reveal.
If/ when it happens i will take great pleasure in giving you a nudge SR before never speaking here again.
I think Reg said earlier it was now just a US shell company. Might be the case now but as recently as July it seemed to be operating in some capacity.
FRUS sought and received CV-payroll protection for 12 US staff.
Presumably funds for office rents etc remained available. SN posed for pics at the FRR US offices (and we got to see some internal office shots) on 6th July this year (Houston Chronicle article)
Bigun, it would certainly increasing his voting weight etc etc
The shares have no value at the moment as you can’t sell them so they are worthless. However, in the future they could be worth something hence Hope must feel that this is a possibility. Bird in the hand or two in the bush?
Thanks Star, I think, as that's my argument buggered. :-(
What heis saying is that the value of the shares is lcoked at the closing price September 28, 2018.
What he isn't saying is that if/when FRR have value again Hope won't benefit from any increase.
Some of the hints dropped by our mysterious posters are certainly looking alot more interesting now.
Thanks R8pilot
I remember that now.
I’m Still giving it a 1% chance of seeing owt back!
All is not lost. Yet!