The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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Thankyou looed
You'll be laughing when we get a quid per share.
I have double that what was I thinking
Sounded a lot smarter than all of us!
He didn't have much faith then if he bought same as me it cost him £50.00 I have 7,000000 cost me £33k he was a lot smarter than me.
On the 24th December many of us are close to running out of time.
FRR was the most promoted AIM Share. "You had to be in it to win it"
and many FRR investors got caught. "Happiness is a Cigar called Hamlet"
was advertised with a lovely tune. Influencers on AIM should be locked up.
Linandy1 - sadly, there is no obligation to address shareholders. That is one of the benefits (to the company, not to us) of FRC being a Cayman Island Exempted Company. Further, as a private company they are not bound by specific market rules regarding updates to shareholders.
You can read what little in the way of rights we have here-
https://www.mondaq.com/caymanislands/securities/494964/cayman-islands-exempted-companies-an-overview
I asked for a comment yesterday and will report back should I hear anything.
Dustin had 10,000 shares once.
Certainly won’t put the ambassador in a good light, again Thankyou for update
Looed I’d like to think one of those obligations is addressing shareholders.
Possibly SN need reminding who gave the company money when they came begging?
Let’s hope shareholders have not been erased completely?
Fast approaching from when we ceased trading on AIM. I've been musing what things wooden I could give to SN to celebrate this momentous occasion. I guess a wooden spoon would be most fitting.
So if we read between the lines - is SN stalling on paying his FRR debt so he can finalise a deal ?
Ohhh its beginning to look a lot like Christmassss
Twenty three or twenty fourrrrrrr
keysersoze finds some exxon spice
oh my god now that would be nice
When our own “S”aint “N”ick comes knockingggg on our doorrrrr
Cheers for the finds and updates slueths, what a great way to enter Dec and the festive period, certainly feet still on the ground but possibly our little company is just pulling off a great come back 🙏
GLA real holders
Good point Looed; thanks!
ODR1 - I understand the sentiment. Don't forget they did just host the Ambassador so I hope that is a positive sign that they are meeting their MoU obligations.
Thank you for sharing Looed.
No surprise here; do we ever settle a debt? Given this I think we all now can guess the answer to whether the monies owing to GOGC was paid in September ... :(
So we might get a decision just before Christmas...
As you will recall, the company and Mourant recently reached a settlement so ending their Texas civil case as well as settling the federal case that FRC initiated. As part of that settlement, certain payments were to be made between September 2023 – February 2024.
Mourant has now filed a Petition to wind up the company (FRC) due to non-payment of part of the monies owed. This is a logical step for Mourant to take to seek resolution and get the attention of the company.
The court has set a hearing date of 16th January 2024 to hear the Petition.
As I said recently, the finish line, in whatever form that may take, is not far off now. There are numerous debts and obligations that must be met in relatively short order, many of which can no longer be delayed.
Interesting stuff Keysersoze -perhaps your attention to all things Exxon was raised by Cymro’s post from 18/11/23 …
Among the distinguished guests were representatives from America Georgia Business Council , ExxonMobil, Freeport Energy, B1 Bank, Frontera Resources, and Pappas Bros. Restaurants. Special thanks to Honorary Consul of Georgia Janet Moore and President of Frontera Resources Steve Nicandros for organizing this great meeting.
https://www.facebook.com/100050510708654/posts/907141477646201/?app=fbl
So Exxon also at the meeting organised by Frontera 😀
Https://www.bloomberg.com/news/articles/2023-11-15/exxon-ceo-says-making-big-oil-villains-harms-net-zero-drive?leadSource=uverify%20wall
Texas oil giant?? Hmm
Woods is adamant that Exxon won’t reduce oil and gas production or invest heavily in renewable energy as his European peers have done. Instead, the Texas oil giant will invest in low-carbon technologies that complement fossil fuels such as carbon capture and hydrogen.
“Oil and gas companies reliably provide affordable products essential to modern life,” he said. “Making them into villains is easy. But it does nothing – absolutely nothing – to accomplish the goal of reducing emissions.”
Https://www.offshore-technology.com/news/exxon-revaluated-strategy/?cf-view
Meanwhile Exxon remains committed to an approach based solely on oil and gas.
Https://agenda.ge/en/news/2023/4625
Parliament official: EU candidacy will see Georgia contribute to Europe's energy security
https://euneighbourseast.eu/news/latest-news/commissioner-simson-in-tbilisi-for-eu-georgia-high-level-energy-dialogue/
Yeah but I should be able to buy you all one pint. Just need enough straws to go round.
Have you seen the prices of a pint in London!?