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Zeron100 - I am validated by the company and FSHG. FSHG get the full in / out messaging every time to ensure full transparency, and they sometimes pop on to here to confirm. As they do when they send such validated messaging to its membership.
Thanks all for the comments. I see a common thread about "why not give us basic information, even if its stuff we already know", or words to that effect.
To ODR's point, the company has issued several official direct and unfiltered statements via the news wires, usually via AP. This one would seem to tick all the boxes required and was discussed extensively in the Georgian media and here -https://www.interpressnews.ge/en/article/116463-us-based-frontera-resources-advances-return-to-work-with-government-of-georgia/ and also aligns with the more recent messages shared.
If you follow the timeline of the activities of ZM while CEO (described in testimony), the operational status of the company pre and post ZM (also in testimony) then the catalog of legal events you can see path as to why shareholders were not prioritized. Doesn't make it right, but it's there. Don't forget that comms and updates only started following the ousting of ZM.
The company started a sadly short-lived shareholder validation process which had to be scuppered one the enormity of the ZM fraud began to unfold. Nothing to say that won't restart when the situation presents itself.
jv123 - I am equally suspicious of people forever goading others to do the "dirty work". I would happily stack my contribution to this board, be it info sharing, find and managing the translations and everything in-between against your own.
Not sure what you mean about "silence" - selective silence concerning specific information yes. I did not demand you agree they way you demand I act on your behalf. As you rightly point out I am not an authorized spokesperson so please don't issue me with instructions as though I am. I share no end of information. I encourage people to email the company which creates a electronic trail (possibly a parchment and quill for Miss Mapp) of contact that might have a use depending on how matters progress, and so on.
Whilst I think confronting someone on their personal property can never end well, why don't you contact the media if you think it's a viable route to achieve something. Why forever wait on others and then get angry when nothing happens to your exact requirements. Nothing stopping you if you feel so strongly about it.
With absolutely no disrespect intended to Jim Slade or Looed whatsoever, how do we even know that they are holders with the same interests as us. That’s why we should have some official comment from FRR. After the merry dance that the unmentionable led us on for years, how do we know for sure?
Another sleepless night while LSE Management turns a blind eye like
everybody else does in Finance. " How the other Half Live in USA. ".
Just finished Channel 5. UK going the same way?
One HL guy lost all he had , FRR . Promoted by someone called charming ZAZA .
Spot on Rodders.
Chileone (and others):
This is the message from the company that Jim Slade kindly shared on 19 September:
"Thank you for your messages and my apologies for the delay in responding. We are indeed continuing to make progress. However, due to ongoing legal proceedings that are related to the continued progression of our interests that our board is advancing, we remain restricted in our ability to share details at the moment for confidentiality/strategic reasons.
Please rest assured that we will be in touch once we are able. In the meantime, thank you for your continued communications."
Forgive me please, but isn't this close to what you are asking for?
I find it frustrating that some on here are directing their understandable ire at Looed and others, and suggesting drastic action, when we had a message a few months ago which was pretty clear.
Now, especially given my vast investment, I am not going to defend Nicandros, as his lack of communication is unforgivable as we have all invested our hard earned in this company and deserve to be told what is going on. However their last communication, albeit by an in-appropriate channel, was clear and I think that we have no option, alas, but to continue to be patient. Despite that being so so so hard.
Just my opinion.
GLA
Dear shareholders,
The Company is working on your behalf to recommence operations and hopefully relist in the future.
There, not difficult is it.
If this company does emerge from this sheet show, why does anyone feel they will enrich us,
they don’t even acknowledge us. If there is anything to be had here, existing shareholders are not part of the plan unfortunately.
Looed kept the party going and without him we would still wonder
whether FRR still exists. ZAZA asked for finance and impressed all those
who promoted FRR with enthusiasm. RR was the leader of the pack and
determined to hold on to everyone invested. I had my doubts and sold my
FRR investment after reading a very negative report on ADVFN which I pointed
out on the LSE Board. My comments were attacked and I was asked whether I
suffer from self-harm? I purchased what I had sold and bought more in response
to a question that should never have been asked. I was in danger to be filtered and
that filter threat is used by influencers determined to filter anybody who questions
a share they promote. Everybody knows except the newcomers who stand out in the
crowd and are targeted by scammers. AIM is a game. Insiders gain and outsiders go
down the drain on dodgy AIM. Brokers pretend not to understand for they profit from
each trade and treat the weak like a nuisance. On-line broking is a business without
responsibility and the FCA cannot cope. The Sunday Mail is looking out for victims.
I am the weakest on this Board who has done her homework. Good Old Mapp.
Done that many time times toatie - as have many others, with no response. That’s my point - we don’t get acknowledged. Looed, however does and that’s not right imho. I’m not pointing the finger just expressing my opinion on a situation that clearly isn’t working for all shareholders. Comms should not be for a select few, but for all invested here.
If Looed has the ear of certain individuals within the FRR closed circle then I would ask him to escalate this issue. We all deserve to be in the loop.
If others choose a different route (knocking on doors, using the media ) then they should not be criticised. We have been ignored far too long! Pressure should be applied.
Toatie,
Agree with your write up 100%….. except the last comment of “hope its the last one”
My amount of approx £15k is tiny to some but huge to me, I haven’t given up hope as like I said, the last 12-18 months I have felt much better than when we first delisted.
Good luck to everyone here, we need it as tempers fraying past 2 weeks and not fully understanding why ? Because we have been in this boat for years, hoping its adrift with dry dock is ahead and not slowly been sinking.
jv123 looed has not claimed that he was made an FRR appointed spokesperson for all of us, all he is trying to do is dig a lot deeper than most shareholders on here have done so far and is making a very good job of what he is doing, we should be glad that looed is giving all his own time trying to get info for us but some on here are still not happy with that. I and most of the rest of the shareholders agree with you that something dosent sit right here with all the cloak and dagger stuff but this is something that looed has no control of, if you or anyone else have any better ideas why dont you contact the board and see if you can get them to respond to you, i also dont like being kept in the dark re this share with over £100,000 invested here but what else can we do, me i am quite happy to wait and see how it turns out, some you win some you lose, it wont be the first share i have lost money on but hope it is the last one.
Some very long termers on here starting to feel grieved! Which is not surprising let’s be honest
Contact with shareholder’s regarding companies position in Georgia should have been made and kept updated years back.
Loed as you seem the chosen one for contact maybe you can forward the discontent by holders of this company and push for updates
Steve nicandros was happy to contact holders when he needed support via fund raise
I hope this sharaid hasn’t been nothing more than a con and fraud over the years but as time goes by it’s feeling that way
****ed off holder since 2011
theyve took our money and we havent to upset them ::)))) or they will never give it back.
Wasnt it this board that alerted them to the fact zaza was stealing the company right from under their noses
We are very good we british,we dont like to upset anyone
what if FRR survives? If FRR comes back and private Investors
are unaware? Traders will use every trick of the trade to pump up
FRR and then sell while the next private investors get caught .
Cyber Experts will make a bad situation worst and DIY Investment
ON-LINE is far too risky and a waste of time. The mobile phone
is fun to use for some. Most hate their monster mobile phone.
Too many crooks allowed to phone. They steal your phone in pubs
and clubs, on trains and planes. Beware.
Looed stated - “ I know the people who contacted the judge did it with good intent, but that action was damaging to the company and to the relations that some of us had been steadily building with them. I got a verbal slap in the face (I can still feel the mark!) and I had to share a very terse message from the company with you all. If I recall correctly, that was the last significant message we got from the company”
Looed - why not return the verbal slap if your relationship is that close. We are shareholders, not school children. They r the ones who have f-Ckd up, not us. We are living with the consequences of their naivety and poor judgement - so feed that back and ask them to show us respect by putting us in the loop and keep us informed.
Enough of this “let’s not upset them” nonsense.
what I am beginning to understand is how AIM operates.
RR praised ZAZA and filtered anybody who questioned FRR.
Was RR paid by ZAZA to keep the party going? I never met anyone
and still wonder WHO is WHO?
HL share trades in high volume. AIM shares rely on influencers and
attract many chats in spite of low volume. Conclusion. AIM is for
AIM experts and should not be promoted as IHT perk to the elderly.
The Financial Services Industry is in chaos and is getting worst because
qualified staff is only interested in wealthy clients and the rest is there
to be fleeced.
I’m afraid that I agree with others when they say that the company really has a duty to talk with its shareholders. Basic information only - what is said is irrelevant to a large extent.
Something perhaps on the lines of “continuing to deal with all court cases, and we will be restricted by what we can say until then, but rest assured that the company is still viable and operating in Georgia”. Is that too much to ask? Is it so tricky for the company to reassure its shareholders that they still have hope?
we've done nothing for four years, we might as well carry on being trampled all over. jv is right there is nothing whatsoever stopping them giving an update
I forgot there is they, are a bunch of crooks
what is the court case about and if we win whats happens then sorry for asking but i'm thick lol
Harry Enfield brilliant I loved watching him shame I ain’t got loads of money haha
If what you say is fact Looed, I am still perplexed as to why FRR choose to alienate shareholders rather than bring them onboard? When you do not communicate then you run the risk of escalating the levels of frustration. This leads to exactly where we are today!!
Shareholders are many and as far as I can recall, you were not made an FRR appointed spokesperson for all of us, however you act like you are ! If we are to follow your suggestion, basically we all remain silent until the court cases play out, which at best is next summer. In the meantime we do nothing ?
There is something not right here !!!
I see no reason why the company cannot communicate to all shareholders,through the appropriate channels, outlining what is happening! Basic level info. We may know most of it already but that’s irrelevant - the important point is the communication itself.
If they continue to remain silent then I will remain very suspicious as to why that is and those who outwardly defend this course of action.
Well said Looed. Post recc'd.
Gillie, best spend Christmas in Blighty and .................
https://www.google.com/search?q=calm+down+harry+enfield&rlz=1C1CHBF_enGB1030GB1030&oq=calm+down+harry+enfield&aqs=chrome..69i57j0i22i30.8840j0j15&sourceid=chrome&ie=UTF-8#fpstate=ive&vld=cid:71d53bec,vid:YPIsTKpAoE4
Well said Looed.
I think that is the most erudite and comprehensive message for a very long time and sets out the situation the company is mired in very well. Key take-away is that the company is fighting a lengthy legal battle to, presumably, return to where it was prior to this situation manifesting.
Clearly what happened did not happen overnight and there had to be much collusion and discussions between the perpetrators which is the reason its taking so long to unravel. Little wonder the need for secrecy and silence; in such matters, trust no one and i cannot and do not blame them.
Irrespective of the frustrations, we can only sit back, watch and wait. One day it will be over, but its closer every day. When that time comes I truly hope it includes a return to the LSE and we can all breathe a massive sigh of relief.
Let us let those that know what they are doing, do that, and put our trust in them that they do the right thing.
Hi wadassistant. I am glad you have decided to take peoples comments onboard and, if I understand your message correctly, you will not follow through on your trip to USA.
I know the people who contacted the judge did it with good intent, but that action was damaging to the company and to the relations that some of us had been steadily building with them. I got a verbal slap in the face (I can still feel the mark!) and I had to share a very terse message from the company with you all. If I recall correctly, that was the last significant message we got from the company.
It’s ironic that the only person that benefitted from that intervention was ZM. He must have had a grin like a Cheshire cat when he realized that victims of his fraud were, albeit unwittingly, helping his case. FRC were admonished in court so giving ZM his only ‘win’. The court held the company 100% responsible for what the judge saw as “intimidation”. People didn’t mean it that way, but that’s how the court interprets such things.
If ZM had gotten Green Capital to contact the judge we would be livid, right? That’s why both parties must get equal treatment and win or lose based on the quality of the duly processed filings and testimonies. Other than that hiccup, we got a slam dunk because our evidence destroyed the written and verbal testimony of ZM.
Since then, a lot of time and effort has gone in to rebuilding some level of comms. Lets hope it comes to something.
Regarding my “secret info”. The information mostly relates to matters connected to the ZM case.
We talk about the “ZM case” or the “Hope case” as separate entities but that isn’t strictly true. Hope - FIC – FTI – Green Capital – ZM’s fake FRC and more. It all needs to be scrutinized and unraveled. They are working day and night on this.
ZM thought he had us over a barrel, but they had him. It’s very possible that some of that same information could be used to be connect the dots on some of these other cases. So, you could say we have weaponized silence. You having access to this information won’t really impact your day-to-day, but it might benefit the other side to our detriment while these cases play out. So, silence.
Do you remember the long message from the company telling us about the legal teams in US and Georgia, going after ZM etc. etc. That original statement stands today just as it did when first issued. Nothing has changed. The ZM Texas case is over, but they told us they are going after him in multiple jurisdictions. What that message told us is that they would be starting legal actions (done), and they will update us once those cases are concluded (pending). And that’s exactly where we are.
Once the Hope case is out the way, and assuming it goes in our favor, we would be absolutely right to expect a message of some substance from the company as well as a more formal plan regarding communications. But let’s let them win first.
Theyve had four years and they still need time lol and everyone just goes meekly along with this charade, bunch of crooks using the court system to weasle out of everything, you got to laugh
Bugsy made me laugh, knows everything about everyone, brilliant