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Looed,
Thanks for all your efforts and persistence in obtaining and maintaining a communication path with the company.
You are truly a remarkable individual and the Frontera family are extremely fortunate to have you.
The messages from the company , no matter how short , are well received and lift the spirits !
A big big thanks !
Stay positive Fronterians
Gray horse
Singapore? Looed
Thanks all, I hope you sleep better. Its 7am for me and I already need a drink!
The use of the word “shareholders” and “Frontera family” in that message is intentional and deliberate and should be a very clear signal to anyone wondering if we are, as Bezzy said, “on the bus” or not.
The day, event, or however you think of the endgame is happening right now. All you can do is buckle up for the ride and see where our chips fall. I hope we all agree, like the company or not, that the best course of action in the short term is to let the game play out. This has been meticulously planned with us in the mix all along. Just a little bit more patience please.
Madpunter / tsbs1 / Monti discussed SN. I think all three made very valid points. SN is doing all he can to right the wrongs of the past. I do believe he is committed to do right by shareholders. However, whatever emerges has to be different and there will need to be serious reflection on past events.
I think that will be it on messaging, for a short while anyway, and I hope can all agree that they have addressed the most immediate and urgent concern as best they can.
Thank you Looed, better nights sleep approaching
Morning / Evening Looed,
Many thanks for working with the company to achieve the latest message. It’s gone a long way to soothe my neediness from the other day!
Kind regards,
Bezzy
Thank you Looed
Thanks Looed. It is great to see them referencing shareholders and the FRR family. Still hopeful and positive 😀
Interesting use of words there: 'Frontera family'. What would you do to protect your family? I wonder if the company see's this in a similar light, particularly with the absolutely disgraceful behaviour by ZM, who deserves to go to jail irrespective of which country thats in.
Clearly a monumental mess to sort out and given all the legal implications its no surprise its taken so long. The company must have confidence to underwrite those costs, and along with the credibility (Atlantic Council, GOGC etc) its clearly evident they are going to extraordinary lengths to resolve.
That "the company continues to work in the best interests of all its shareholders" coupled with the first comment is reassuring indeed.
Looed: thank you for obtaining and sharing. That is reassuring. Let's hope they're good for their word.
"Please rest assured that the company continues to work in the best interests of all its shareholders. Whilst we are unable to comment on current events, we will provide an update to our Frontera family soon."
I don't pretend to understand these matters, but thought that the principal assets of the company were transferred into FRUS, some time ago, specifically to protect those assets from the predators who were then working to take over FRC. There would have been no point in making that transfer if anyone then taking over FRC automatically obtained the assets carefully squirreled away in FRUS.
So surely, Frus must have been made independent from FRC prior to the transfer of assets? The principal question now appears to be - Is FRUS now independent from FRC? Does anyone here know the answer?
SN wouldn't have let the liquidation go through unless he is confident that his asset transfer is beyond the reach of the liquidators. I have dealt with liquidators before and never seen any return. In my opinion our only hope (in relation to the liquidation) is to try to get it reversed.
ODR,
I agree, but at least with Deloittes in the case they want as much value out of it and will audit the crap out of the situation in order to get value; which includes sneaky transfers out.
Looed has made the Company aware of the concerns of us shareholders. They've had an opportunity to give us a reassuring message, but haven't. How long do we wait before taking some action?
The advice I've been given is that if we want to get the liquidation overturned we have to petition the court quickly, so I suggest that if nothing happens by Monday morning we could write en masse to the court and see what they say. I'm quite happy to draft a suggested communication; perhaps we can hone it over the weekend and then move into action on Monday, if the Company don't give us a plan that involves us in the meantime?
Thombola's contact has communicated with the liquidators. In my opinion, that's not the way to go, they don't want the liquidation overturned, they just want their fees, but I can understand the frustration of Thombola's contact and at least he is trying to do something.
What do others think?
I really don't think we should just accept that all our investments are lost without at least trying to do something?
A contact of mine communicated with the liquidators today;
Basically they said the liquidation process is in its initial stages, and they arek currently collecting and reviewing relevant documentation to conduct a preliminary evaluation of the Company's status. . . . . and we will issue correspondence to all shareholders as promptly as circumstances permit. . . “
Comments please Looed.
Please tell me this is a 5D chess psyop and there is a huge twist. . In our favour.
Correct. The company in which shareholders held equity, FRC, is in liquidation. There is no more equity. Whatever value is left belongs to the creditors of FRC. SN and ZM were both creditors, having loaned money to FRC for operations over the years. Hope's loans were at a lower level, and the license at some point was approved to be transferred away from the entities within Hope's control and to FRUS. This transfer was contingent on FRUS/FRC satisfying certain obligations to GG/GOGC. We don't know if that happened though suspect it did not. It's possible some value could be allocated to equity holders as part of the winding up, to the extent there is any, like cash from the sale of assets or equity in a new holding company, but the creditors are in the driver's seat.
So FRC own FRUS and FRC has been ‘wound up’ or liquidated.
FRUS has the gogc licence which has therefore been wound up too . Or has been transferred to somewhere else.
Point is our shares are FRC , NOT FRUS.
And FRC has been liquidated. So too have our shares.
Do I have this wrong?
On the transfer of shares.
Think that as far as the GOGC was concerned they was OK with it.
FRUS LLC is/was a subsidiary of FRC, or at least it was at the time of the attempted transfer back in days of the arbitration, so the shares of it to the extent they have any value will be doled out to creditors in the liquidation.
Sadly, we are still in the same place we were when we were delisted.... all the rumours and snipits the sleuths have found are heresay.. the truth is, we still know nothing... a bit of noise in the background, but nothing solid. Unless the company actually release some public PR.... we know nothing....
The only reason we werent screwed over is because he'd racked up so much in rpns he had to convert to shares just like us. His daughters company holds alot of our debt along with outrider.
Lets just see where we go.
I am absolutely sure there could be a statement by the company to tell shareholders whether or not we still have a company without letting the fictitious dark forces in on any trade secrets
Even the most enthusiastic supporter of SN would be happy with that
Posted 17/11/2023.
Tabs, he could have screwed us over long ago, I believe as I have stated many times in my personal belief in our leader ( I hope he is still ) and I know you still hold out hope of some kind, you still check in here for as long as I have been here, so get back to your dark humour , it suits you better.
Is the one who had his doubts throughout. Let's get the press involved
and expose AIM promoted as IHT perk to the elderly.
One newcomer to the board with 4 comments in total was removed.
He is not unusual and is typical of many types out of prison too early and
well prepared having learned to trade while locked up.
Where is the quote from please? Where the assets and obligations move wrt SOAG and GoGg