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There are snakes in the grass and bears in the air. The investment environment is totally changed to what it was in the 80s / 90s.
The phrase "Proxy war" springs to mind.
There are extremely e_ vil forces at work.
Roll-on 2023, eh ?
We've had to endure some really sour years. To put it mildly.
Come-on Boris ? Get this ugly dwarf sorted out !
Silence is most certainly not golden.
Tbh, I’m fed up with silence and this non communicado nonsense FRR are hiding behind. There is absolutely NO excuse to completely ignore shareholders and those that claim it’s for reasons of self protection from the evil forces are justifying that to themselves purely to retain some hope.
There is not 1 valid reason for Steve Nicandros not to issue a statement - say hello and give a general update.
He chooses not to because he does not care enough about those that invested in his company. It’s that simple.
Geopolitics aside (which we know to be important) the big issue for me is our so called management/board - they are a disgrace - and they get away with it.
It’s almost incomprehensible to be sitting on the 5th biggest O&G field in the world, in a prime location
- with the largest energy crisis in the world for decades and yet we have no news, no statement, no movement.
The next fund raise shouldn’t be used for translation but for a PI to go and snuff out SN and have a quiet chat over a coffee. ??
Over and out for another while
jv123,
I will choose hope every time ..! Not just in this share….!!
I am bombed on a few at the min but market is madness and especially for a modest like myself ..!
But good comments and understand why you and others think / feel this way….!!
Good over evil…???? Who will win…????
Hope this turns out brilliant for you if your a holder …. Big thumbs up and crossed fingers..!
GLA
inhumane treatment....
Not great legacy for him if he retires from this world without any update to anyone..
Silence is unacceptable but normal on AIM .
FRR has the 5th biggest O&G field in the world.
Shareholders of FRR were misled to believe that
management was first class . "You have to be in it
to win it." Slogan of FRR. Slogan of BREXIT ? Oh dear.
Maybe Looed can offer some insight on the non-communicado strategy?
Looed- you are one step closer than most to FRR, so are you able to add any reasoning as to why FRR cannot/will not update shareholders on what is going on? Why the mandate of secrecy at every level?
I am heavily invested in this company to the tune of £100K. This may not be a significant amount to SN, but it is to me. I help fund FRR activity in Georgia. For FRR to then completely ignore me (and all others) for 3 years without offering a justifiable reason is really not acceptable. It needs to be challenged.
So, question is - how can this been done?
Whereas Russia can be completely trusted to abuse and oppress its own citizens and steal their natural resource wealth for the benefit of the totalitarian kleptocracy...
Max, you are clearly in love with Russia and should live and work
there. The Royal Family is in touch with reality. The Commonwealth
is shrinking. Putin does the opposite. He clearly enjoys war hoping to take
over the world. The West fights for democracy and peace. Tax is the price
we pay for civilization. The Oligarchs hide their loot in tax havens . They live
in luxury while soldiers fight for their country which Putin wants to take over.
Is there anything more unfair and evil?
Perfectly spoken Lady Mapp….. the lady has pretty much nailed Maxnoby..!!
Jv123 - I haven’t posted for a long time on this board but still look in on a regular basis. Your question around lack of communication…… my view is there are two logical explanations.
Firstly, the legal web the company finds itself in means they don’t have the appetite to communicate out formally in case this can be used in some way against them in legal proceedings. I’m not a lawyer and dont profess to know a great deal about corporate law but I can’t convince myself a company could ever be in that much of a legal quagmire that it can’t manufacture a basic update to its shareholders. A simple ‘we are unable to comment further at this stage but remain committed to securing a future for FRR and it’s shareholders’ would do - how can that possibly be used against them? My answer to to is that it can’t, which brings me to my 2nd logical reason, which is a little sinister…..
Shareholders of FRR that were invested prior to the company going private no longer hold equity of any value in the reformed company. The longer the company leaves it between the delist and and future reinvention, the more likely it is that the original shareholders will have (take your pick): died, lost interest, lost appetite for a legal fight etc etc.
So I fear that the the titbits that Looed gets fed are simply statements Aimed to reduce the likelihood of a mass shareholder action/rebellion. And date I say it - it’s working.
I hope so much that I am proved wrong but I just cannot come up with another explanation that makes sense. Why communicate with a (no offence Looed) unknown individual shareholder but at the same time be incapable of issuing the most basic of shareholder updates.
I have no intention to drop dead soon. Want to travel the world , plane, train, cruising
if I win the Lottery. Spreading info not complimentary to the stockmarket
which is a shark pit. FRR will not be swept under the carpet. A Comedy / Tragedy is
in the making and not boring. Keep smiling. M A P P .
Dark scenario spudsoil....
But one that should be considered by us pi's, I know.
It's like ...if they do not contact us.....we will not discover our standing, as of today, in the current company. Are we part of it ?
Our presence certainly caused large complications in the the Zaza televised trial that we were then ejected from on the live feed.
If we are recognised and given communication, they will of course be flooded with our questions and they probably would very much prefer to let sleeping dogs lie.
But they should remember that possibly without private investors digging up the dirt about Zara and green capital they would have taken longer to realise what Zee Em was doing Steve Nicandros owes us a little something for that.
Perfect video for you Maxnoby, you have been digging your own and soon enough karma will have you will be in it..! One sad arse human
Free, in the eleven or so years your presence has graced this board, your most recent post is the most sensible you have ever penned. All your others are mostly pish.
I think they only engaged with us because it was around rhe time of the live stream court cases - keep us happy and not to turn us against SN, once the case was done company stopped communicating.
I sense only legal action might get us an update. A shame.
You can trawl back through my posts but in short, the company has said that updates will be provided when possible, meaning once (most) of the legal obstacles have been cleared. It’s up to you if you choose to accept that or not.
The company gives me the odd snippet due to a very specific set of reasons that I will be explain at an appropriate time.
I think of our investments as, for a time, being nothing more than worthless shares in a shell company with the main asset stolen (they use the term ‘converted’). Sure, our shares would remain in FRC (as they do now), but it would be a company with no assets other than Moldova, and no money.
Since that event, the company has fought multiple legal battles to reverse that conversion. To date the company is successful and that trend must continue if we stand any chance of some return.
It’s nonsense to think the company uses me to ‘control’ shareholder actions. Firstly, I am under no obligation to share my comms though happy to do so. Secondly, people are quick to suggest forming some kind of action group and then just as quick to sit back and do nothing about it, perhaps expecting others to do the legwork for them. So, it’s not really company mind games at play regarding action groups, its shareholder inertia. There is nothing to stop you from setting goals, lay out a strategy, formulate an action plan that is realistic and is achievable. All the times this has been touted and no one has done a thing.
The info@frontera-resources.com address is live and monitored. Just because they don’t reply doesn’t mean they don’t read.
Some folks support a change of government. I expect ZM does as well given his close links with those players. You might want to think through the consequences for us all should that actually happen. The US continues to support the status quo and US-Georgia links continue to be talked up in various news pieces over the past few days. I expect there will be more of this as we approach July 4th.
Thanks Looed.
Are you able to divulge when you last recieved an update or snippet from the company? Dont need to reveal the msg, just rough date.
I've sent email to linesmayer and Frc. No response.
keysersoze - I can't recall exactly when I last got an update - it would be in my post history, but its been a while thats for sure.
But we do remain in contact and I had a short acknowledgement (with no info on the company) from them not too long ago. I keep at them on a very regular basis and they haven't closed the door thus far.
Spudsoil - no offense taken at all. They will still be very careful with me regardless of whatever level of 'relationship' we might have. They would be careless to proceed in any other way.
I cannot neither explain nor excuse their complete lack of basic level of comms. I have suggested (and obviously failed!) that they send and resend a version of the same generic message on a fairly regular basis so holders know they are live, but they haven't done that to date. As I said to keysersoze, I keep at them.
Looed,
Personally for myself , you are the stand out on this board , a board that very much keeps my glass half full..!
I don’t have the knowledge, time or money to do anymore than I do …..! which is send emails , as to which I will continue to do so..!
Since the email back in Dec 2020 from our company ( which lifted the spirits massively ) has sent nothing …. But let’s look at the global situation since then , look at the company mayhem since then..!!
For me it’s all massively connected , I have no idea how many staff are on board in the office where these emails are sent to ..??? But guessing not many and probably all ( hopefully I should say ) working extremely hard in getting things sorted out to get us back up and running ..!
The Georgia gov needs sorting out though , but we are seeing this now with people being ousted …! So things are definitely happening and fast…!!
I return to SN’s dads obituary , it was very, very impressive , honestly I would not want my own to lesser that if I was Steve, and I personally don’t think he will…! They sound like a very proud family reading up on them..! My Gut instinct only all …!but understand totally others frustrations ..!
let’s not forget what share buying is….. gambling …!!!!!!
We rolled our dice ….. they roll still which again is bloody remarkable …!!!
Looed many many thanks again for your continued help and don’t think for one min most on here don’t appreciate it….!!
Hopefully the pieces of this chess game will moved into check mate over the coming months…!
Keep the faith folks …… there is nothing else we can do …!!
Leave the negative to Maxnoby …!
Thanks Looed.
You're the Man !
https://youtu.be/opZ4kYFjwqI
Interesting comment from Looed….
“Some folks support a change of government. I expect ZM does as well given his close links with those players. You might want to think through the consequences for us all should that actually happen. The US continues to support the status quo and US-Georgia links continue to be talked up in various news pieces over the past few days. I expect there will be more of this as we approach July 4th.”
Thanks
Looed - this isn't finger pointing, I'm simply trying to understand the whole non-comunicado strategy. You have taken the lead on a number of things - translating docs, working with local contacts and you have a line to FRR. You have become our frontman. I don't see the value of trying to setting up another action group unless it was to go down a more legal route, which would be a challenge to say the least.
So, as our lead liaison person I'd hope you'd find it OK if we ask questions? those questions, if relevant and appropriate may then be passed onto FRR. We can all send emails day after day, but nothing comes back and TBH I am not sure they do get read!!
The immediate need is some form of update from FRR. A status report - court cases, global situation, company strategy, timelines. generic but factual - just give shareholders a "heads up"
If you agree with this, then maybe you can put this too them on behalf of us all (again) and see if they respond. Ya?
Eyes heavenward emoji.
Always sensible me ;-)
I try to find humour in most things, but possibility of losing over 120k is hard to laugh about , as you know.
Last message to his popeyness, obviously.
Lifeishard...... I do take issue a little bit with your comment that we are gambling....... Serious long-term investment in company, some of us visiting the company oil fields in Georgia, travelling to a AGM, constant monitoring of what the company is achieving or likely to achieve, over the years........ A bit more than slapping a gamble on some crypto. Now that is gambling.