Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
We are using the fund to employ a translator and we have been translating TV interviews given by Mr Mamulaishvili and other programs that discuss the company. Just think about that – we have been forced to employ someone to help us understand what is happening in the company in which we are invested.
One thing that is clear from the translations is that Mr Mamulaishvili seems to enjoy the spotlight and his reputation as a political commentator. He seems to have less regard for his responsibilities as a CEO.
It is obvious from the translations that the same talking points come up again and again. These points include the arbitration award and the use of lobbyists.
Mr Mamulaishvili repeatedly denies that the company is represented by lobby firms. For example, in a radio interview in early June 2020 he is asked the following question by the reporter –
“What company is “Cornerstone Government Affairs”, which is mentioned here and has a document which is dated as 2019. For example, for $ 50,000 and so on.”
And his reply -
“Yes, we had a relationship with „Cornerstone“, but in 2019 we no longer had a relationship. I.e. We had this relationship with „Cornerstone“ and they did some work for us and we ended the contract. So we don't even have a contract with them. So to argue that lobbyists work is not really correct at this moment.” LINK PROVIDED
The following documents are available in the public domain show that at least US$160,000 has been earned this year by Cornerstone representing Frontera Resources
Q1 -LINK PROVIDED
Q2 - LINK PROVIDED
Mr Mamulaishivil has made repeated promises to release the Arbitration Award to support his position. For example on 28/7/20 he said “As for the publicity of the arbitral decision, we certainly are not and have not been against this publicity. Even now I can call on the representatives of the state from this broadcast that if you want today, you want to meet tomorrow and publicly announce the decision of the arbitration, which is very clear and it is not necessary to be a lawyer to fully understand the content of this decision…..We legally agree with all stakeholders on this and probably this process will still take probably 10 days or 2 weeks. And, as soon as we get all the consent, then we will be able to officially, in writing, confirm to the state that we also agree to make it public. Before that, we are now saying that together we can do it today or tomorrow.” LINK PROVIDED