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great post
the letter says what we are all feeling
or most
if you need money ill put in
i dont like to lose money on the stock market
but if i win or lose its normally my own doing
but this is just pure theft
cheers the frog
Would it not be a sensible step for the Frontera shareholders group to contact Brookemia in order to offer our full support to them.
Thanks all. Maybe the translation fund could be better used in what Brookemia has proposed
Nice one Brooke. Fully behind you on this one
"would be very appreciated.
Regards."
"Dear Bryce, Tyler, and Frontera Resources.
I corresponded with you recently, giving you a generous window of 72 hours, to respond to Private Investors with an honest meaningful reply
You have chosen to mitigate your moral and ethical responsibilities, by an uninspiring regurgitation of an earlier “vague” promise of updates when confidentiality allows.
We all understand the need for true “confidentiality” but your disingenuous attempts at portraying this as the real reason, rather flies in the face of very damaging information currently being written in the public domain.
The idea that one or more current/ex members of The BOD can -without-seemingly- any real oversight- steal/misappropriate millions of dollars-some from US sources for payment-under Covid support rules- is breath-taking.
Your proffering of the “BOD is aware of Mr Mamulaishvili’s activities” is inconsistent with the duties and responsibilities, shareholders would normally expect from a BOD.
You have-collectively- delayed communication, to the point of embarrassment, instead, forcing Private Investors to resort to paying for information, that should have been made available to us in a plain, consistent and transparent manner.
You have through your somewhat flawed strategy of hubris and Omertà code of silence-alienated those that have given you more than enough opportunity to make amends.
I shall wait a further 24 hours-as promised- before I advise the Investigative journalist, of my and others’ personal experiences, including London speeches, mysterious exiting of NOMAD, missing millions and assets, lack of communication, new BOD, etc, expensive Court cases(funded by mystery)all of which will be public domain centric.
This was all totally preventable, by yourselves, but you chose to treat the Company as your own little secret squirrel’s entity, instead of supporting shareholders with promises of Jam tomorrow.
Who exactly is funding the court cases-you have never officially explained.
What do we actually own
How many shares are held in total
Who are the biggest shareholders
Are we still producing oil and or gas from our fields
How much have we earned since delisting
What are the names of the asset-producing fields
How much longer do we have remaining on our licences.
What is the current status of outstanding court claims against Directors/Ex-Directors, covered by Frontera paid Insurances.
What financial liabilities and obligations do Frontera, and by extension- shareholders - have in the event of claimants against us, prevailing.
What is the realistic timescale, remaining, before a settlement in any form, being buy-out, Farm-in, Farm-out, might be announced
Will the Company remain Private if sold, or any of the options mentioned previously.
What realistic chance is there of monies per share being returned to shareholders, within say six months, and a conservative estimate of what that might represent
Some answers
brookemia seems to be causing a stir on ADVFN with another missive to Frontera about our shabby treatment.
sweet karolina 2 and outastep seem annoyed...
Ok mate so still producing good sign
It wasn't me Puds.
It is a gentleman called Alan Hall who posts on ADVFN as" brookemia".
Nice one Jonathan should have mentioned we have had to raise 2500 to pay a interpreter to translate documents for us
Has just posted on Advfn, his reply to that email from Frontera.
"My reply
Dear Sirs,
Thank you for your email, which is, essentially, a repeat of previous communications.
It has been many months, since your announcement of a clean-up, and there have been public statements about transfers of monies and mis-appropriations of Frontera entities and assets, including millions of dollars, causing much angst, without any response from yourselves
Frontera is a Private Company owned by many Private Investors, and reading about the shady shenanigans conducted within it is very disconcerting at the very least, and undermines the confidence we held, in Frontera.
We are still-both incredulously, and unnecessarily-unaware of exactly what we actually own.
By your silence-and by extension, our ignorance of events-you are doing nothing to assuage our concerns, rather, you are-seemingly-treating Frontera as your own little secret club, with Investors relying on their own methods of determining what is going on from Court reports.
Do you really think that this is the way to treat your shareholders, it is not acceptable, and concerns about what is really happening, will only give rise to further doubts and possible external investigations, which will only exacerbate the situation , of which, some is self-created.
I ask you again, in the interests of placating shareholders, to put out a general, meaningful statement, that will put “meat on the bones” of your previous statements and prevent more public investigative intrusions into the real state of events within Frontera."