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Thanks for reply Welloiled, so it's still a mystery like everything else!
Zeron, the PSA says "Frontera Georgia may transfer all or part of its rights and obligations under the Block 12 PSA to a third party provided, firstly, that such third party has the requisite technical and financial ability and accepts the terms of the Block 12 PSA and, secondly, that Saknavtobi has given its prior written consent to such assignment (such consent not to be unreasonably withheld or delayed)". Saknavtobi is GOGC. The transfer of the PSA from FRGC to FRUS was not allowed because the registration body concluded it didn't meet the conditions, i.e. GOGC did not agreed to the transfer and FRUS did not provide proof that it had the technical and financial capability. In the leaked letter from Zaza to Mr Gotsiridze dated 14/05/20 (assuming it is genuine), Zaza requested an emergency meeting of the Coordinating Committee and, in item 2, he wanted to discuss the resubmission to GOGC of the transfer. Unfortunately, we do not know if this meeting took place and whether or not GOGC is willing to agree assuming the other conditions are met.
I think your getting mixed up with Georgia USA which has seen nearly 3000 new cases today
They have had 931 total cases 3 new today and 15 deaths it's nothing with a population of 4 million
Looks like Coronavirus cases might be on the up in Georgia. More reason that the GG should let FRR get on with it. I don't really get the reason for the GG's awkwardness on it especially given that the economy is likely to get in a real bad way out there. Russia must have a very tight grip on the GD for them to be messing around like this.
Theoretically only 27 days to wait unless an agreement is reached or more bs ensues.
What about the arbitration panels' verdict on the asset transfer. If Zaza is as acting in such a strident manner then presumably it it has been accepted as ok by the arbiters?
A lawyer , a energy expert and a dark arts guy in the same room I would think could have dramatic effect on Arbi document with subtle changes in the right places to turn the original into a dodgy dossier
Spot on mate he will be watching this BB
Bigun2. I think you misunderstood. I don't think the actual document is amateurish just the posting of it on here.
Have you seen the doc? Do you think it amateurish?
Anyway as TSBS says it is academic now and down to Zaza delaying a decision till we get a change of governance.
Interesting conversation about whether or not the Arbi Doc is genuine.
Something got published. If it is genuine, and it is meant to be damning of FRR, why has it not left FRR sturggling in light of the overwhelming evidence? Why has the publication of genuine Arbi Doc (that's if it is genuine) not left us with a weaker hand for it?
Has been said already, whatever the immense detail contained within the body of the Doc, what matters is the judgement and the instructions that were handed out. By the time of that judgement being handed out, everything else in the Doc is history (accepting the Hope court case, leaving the detail sensitive).
We seem to have two claims/ instructions met in favour of GG (out of the 14).
One of those is the return of land/ area, possibly amounting to c.98.5%. Even if there was a material breach, the judgment directs us to what can be and is to be done about it. It makes every bit of sense to me that the Tribunal would have felt that ordering FRR to give back 98.5% of the area was sufficient penalty (leaving FRR with the area they were working). This has already been returned, confirmed now by both parties.
Regarding the second, I have no idea - except that there is something about that VAT Tax c.$200, 000 -- a small-fry issue
Other than that, there was some GG waffle about employees (likely as a result of very little else to use in argument).
Got to thank again the regulars here, especially Looed and DomFok.
Do you think the document is amateurish?
Whom do you believe looks at this board? Just us? PI's?
I don't believe that is the case anymore. For one, any person that understands English and not Georgian but has an interest in Georgian affairs will be on here reading Looed's translations for a start. Whom do you think may have an interest in Georgian affairs and not only understands but speaks English...?
Bigun2. I just think it was a bit too amateurish just releasing it only on here.
So you do not believe that putin FRR into a bad light would not be for political gain?
Eggnog, what on earth is he on about?
EkXoc.I would agree with your astute view of the Hanseatic democratic platitude,
and am lovin the "analysis paralysis ".
Technically I think you could sell your shares.
However this is a battle of hearts and minds, this forum was just an anonomous medium to get the document out in the public. Though tbh honest despite a few here taking it as gospel the fact it sank without a trace I think would imply that no one else did!
I suspect it was just another trick/attempt to sway things, I would say it failed but I doubt the people behind it will be giving up. The Russian way of business isn't to just publish falsehoods to change the mind of the target but to flood the information market place with anything and everything to confuse the target into not know truth from fact to create analysis paralysis simply being unsure is enough sometime to weaken the enemy.
Bigun2. What would be the point, if you're not going to release it to the people of Georgia. Putin it out on our bb seems stupid. (See what I did there.) It's not as If we're all going to sell our shares.
All you have to ask is...
How much money would it cost to butcher the document to look professional.
How much money is under our bit of block 12...
I agree partly TSBS, i think GG know they'll end up loosing going through courts due to reasons given by JRjnr but also the bad msg it sends to Investors. . They'll get months of bad publcity run up to election and US will likley impose sanctions due to a combination of these issues and any trade/ investment deals will be pushed back. Not good if they want good pblicity going into this election.
Zaza no doubt will play tough in these negotioations, his hard stance no flexibility might force GG to go through courts. This will be a bad move for GD.
Is that where i've been going wrong? I've been trying see and wait since delist.... time to mix it up!
It has more than likely been doctored but who knows and frankly who cares right now.
They are either going to take the licence back on the 27th July or they aren't and are going to do a deal with zaza
My money now is on them taking it back and frontera fighting through the courts for damages unless the silence from them is now because they are talking in private
Both Im doing an arsenal, lets wait and see
I personally have not read the document but also like many on here suggest, if it's origin is a digital format, then it would not be hard to alter it for whatever means you wish. I seem to remember a valuation in there of 1 Billion. If someone had removed the 'B' and put 'Tr' would you still believe the whole document was legit? how about from 10 billion to 1? how about a no to a yes, 1 sentence here or there? you have no idea without seeing the original document from a legitimate source what has or hasn't been changed, what appendices or supporting documentation may have been left off. The best lies are the ones wrapped in truths after all.
If the motive wasn't for the document to be leaked to the media to forward the GG narrative, then what was it? It never happened. Shareholders are still in the same position. GG are now in the a worse position by all accounts. This 'damning' document still hasn't raised it's head elsewhere. The GG have stopped referencing it. Why did this person disappear into the ether without explanation?
The document could very well be legitimate but the current actions of GG don''t support that A: it is or B: that it supports our laymen interpretation of the document as we see it.
FRR are still towing the same spiel about it. The GG are not.
Hit the nail on the head there EkXoc. If it’s real what on Earth is it doing on here and only on here. No one can ask the same question of a fake document. It makes perfect sense that a fake document would turn up here. And as you say the reality in this digital age is that it’s a piece of peace to fake a document by one of the many clever and devious people out there.
In this day and age I can't believe anyone would question whether anything can be faked, great works of art have been faked for centuries and fooled even the experts. I think a better question would be why would anyone bother at great risk to get teh real document and post it here.. I can;t see any reward in doing that. I can see a reward for posting false misleading information though
It would be difficult to create a fake document from scratch I agree but I think it would be a lot easier if not an easy job to doctor and modify the existing document. That may be what had happened.