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Unfortunately for Stephen.M.Hope, he was not a member of the board of directors at the time of the asset exiting stage right (house left)
Agreed. They are likely to try to get the transfer overturned as a fraudulent conveyance. But if the Georgian govt has already approved the transaction, then it will indeed be a fight to reverse it.
If the liquidators get the money that is owed to outsider then how can hope also claim shares? That greedy bastward wants everything!
Just highlights how we mushrooms know nothing of the BIG picture being painted here. An overload of information we have no bearing on how to perceive the finer details.... I'm still trying to see where it explicitly states all entities of FRR will be Liquidated marking the Game Over ffs ! The game is well and truly underway as far as I can see, GLA LTH's
Shatner, just lol, hahaha :) Good Luck Hmmm
Shatner really, not another game over queen!
Shatner go and shat your pants on another board!
That was my thoughts after reading it Gary. Quite a distance from Game Over as it stands then.
Yes basically they want the info relating to the asset transfer/farm out agreement whatever they called it. Hence the reason for requesting info from FRUS(new company with asset in)
Even with this info they would still have to enter into legal action in Georgia to reverse this, if they could..... long long road
wind is win up. the request gets squashed.
Shatner, Isn't the liquidation only served on FRCC ?
They have requested access to all entities paperwork / Books ect or am I off point here ?
the sooner FRCC wound up the better. then its carry on business as usual
ORDERED, that the Liquidators are hereby authorized to examine witnesses, take
evidence, and seek the production of documents concerning the assets, affairs, rights, obligations
or liabilities of FRCC, including by:
i. Serving document subpoenas within the United States upon Frontera
Resources Corporation (“FRC”), Frontera International Corporation (“FIC”), Frontera
Resources US, LLC (“FRUS”), and other entities registered or doing business in the United
States that owned, or are affiliated with, FRCC, seeking copies of the books and records of
FRCC and transaction documents involving FRCC, including but not limited to
transactions involving Frontera Resources Georgia Corporation (“FRGC”, and together
with FRC, FIC and FRUS, the “Frontera Group”) the equity of which is the principal
asset of FRCC, and other financial documents of FRCC concerning the valuation, assets
and liabilities of FRCC, including undisclosed intracompany loans among FRCC and other
entities in the Frontera Group;
I don't get why it sounds bad, I'm with prod on this one. Looks like liquidation of frcc is going to happen which is good news. Which was voluntary remember. Doesn't affect the other 95% right, so why the panic? Shatner has shat his pants. The line only says documents not that those entoties are being liquidated.
FRCC, FRGC, FRUS this liquidation applies to all entities , it explicitly says so. Wake the **** up!
Have you shat your pants Shatner , Why do you think it's game over ?
Yes it does look like they are wise to the devious plan of simply moving the asset.
Sounds to me that they think there's money or assets hidden away and want full access to all the company accounts not just FRCC probs best to wait for a real lawyers account of things
We dont hold shares in FRCC. Thats the snakes debt hole.
Need*
Never MP and oopsi to comment.
Dont understand it but doesnt sound good.
Christ alive read the latest NYC document! Game over...
On a deal this size in potential shareholders would not get shafted.
Its a binary bet.
Its that simple. BINARY
You are either rich long or worst case lost investment
OR, OR, OR, OR, OR
Short and winner or potentially R O YYYYYY AAA LLLLLLYYYYYY FFFFFFFUUUUUCCCCKKKKEEEEDDDD
And if Zaza rejects the offer.
Then, so be it.
He's The Man !