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all i would say is what a complete load of *******s time to switch off here for good
It’s all very mysterious…
Hi Bezzy,
All I will say is I would urge legitimate shareholders to request the report and make their own minds up. I'm very glad I spent a little time compiling my request on Saturday and received the report today. So again I would encourage you tosubmit your request, but always be mindful of the confidentiality caveats.
Good luck to all shareholders going forward.
Iv wrote to Halifax asking them to provide the required details for me to get the secret report.
Drmike33,
May I ask how you feel about the content of the report, without revealing any content, please?
Kind regards,
Bezzy
Is that SN buys the liquidated company for nominal amount then reverses the asset back to FRR. Otherwise it is anyone’s guess. Disgusting all round
Hi erazzel, FinnFCR et al.
My shares were held in my Selftrade stocks and shares ISA at the time of delisting and were subsequently removed from my ISA.
My Selftrade account was thereafter transferred to Equiniti and then Interactive Investor.
As I posted some time ago, my Selftrade statements were transferred with my account and when I liaised with Interactive Investor they directed me to these historic statements being accessible to me via my online Interactive Investor account.
I have written, via email, to the liquidators providing copies of my Selftrade statements and my full contact details and can confirm that today I was provided with a copy of the report.
Perhaps my details do appear on the share register, or perhaps the liquidators were otherwise satisfied with the documentary evidence that I provided.
I post this information not to gloat, but to provide some reassurance to others that they may be able to receive the report.
Before anyone asks, I cannot share the contents as per the confidentiality clause which accompanied the report when provided to me, but please take reassurance that if you are a shareholder (even without a share certificate) and take the time to evidence this, then the liquidators will provide the report.
I hope I haven’t jeopardised our relist sharing this information. Or the bogeyman doesn’t come get me
Dear Sir/Madam
We are writing to confirm your request to be provided with the Liquidators’ first report to creditors of the Company (“First Report”).
Pursuant to Order 10, rule 1 of the Cayman Islands Companies Winding Up Rules (2023 Consolidation), the official liquidator shall provide copies of their reports and accounts to any contributory upon request. The Cayman Islands Companies Act (2023 Revision) defines a contributory as a holder of fully paid up shares of a company (i.e. a shareholder).
We have reviewed the Company’s register of shareholders that was made available to the Liquidators by the former registrar, and your name does not appear on the register. This is likely as a result of you having invested in the Company by way of a nominee or custodian. In that case, your nominee or custodian would be the shareholder. In consideration of confidentiality and due process, the Liquidators are only able to share reports with shareholders. Therefore, we require consent and authorisation from the shareholder of record to provide you with the report.
In that regard, before being in a position to share the First Report with you, the Liquidators will require a letter from the shareholder of record addressed to the Company (acting by its liquidators), which contains the following:
confirms the name of the shareholder of record of the Company;
confirms the number of shares that it holds beneficially on your behalf; and
authorizes the liquidators to share information relating to the company to you.
The letter will need to be addressed as follows:
Joint Official Liquidators
Frontera Resources Corporation (in Official Liquidation)
Deloitte & Touche LLP
60 Nexus Way, 8th floor, Camana Bay
P.O. Box 1787, Grand Cayman KY1-1109, Cayman Islands
By email to: frcliquidation@deloitte.com
Kind regards,
Alex Maguire
For and on behalf of Joint Official Liquidators of
Frontera Resources Corporation (In Official Liquidation)
For those shareholders with shares in nominee holdings through brokers that are no longer in business, they have no chance of reading the first report.
Does that mean there is no value in sell the licence to our oil field in a fire sal? Is the block worth feck all like our shares?
Monti
Just thought on 2 words.
In end think it was your goodself that went along lines of SN offering a % of £1 per share & getting Frr back.
Enjoy
Well, you could add another word to your two words list Ars221, which is neutral, meaning it’s progressing ie there is a proposal which is subject to Creditor vote. Alternatively, the report from Deloitte was only completed post the 14th March meeting which is circulated but awaiting a follow up creditor meeting. We can all guess/assume that the Deloitte report will not be pretty reading but the important question is whether there is a deal from SN to try and put FRC back to pre-wind up condition.
Given there is no money or assets in FRC, and noting Deloitte is not a charity, we can expect a quick conclusion one way or another.
****nal221,
100% correct , i am taking your comment as a lucky charm 🍀
the untouchables!
gla real holders
Overall only ether of 2 words need to be used positive or negative.
Enjoy
Out of interest, if it’s game over then why not just disclose this from the report?
FORGOT TO TURN THE CAPS OF SORRY.
Tabs, there's more life in a tramps vest.
THANKS GUYS HAVE JUST EMAILED dELOITTE AND FILLED IN THE FORM SO JUST WAITING ON THEM GETTING BACK TO ME THANKS TOATIE.
Tsbs: We all know the facts: we are shareholders in a Company that is currently being liquidated. As part of that process the Liquidators produced a first statement which included that they had discovered no liquid assets and that there were creditor claims. These are the facts.
As part of that process they've now produced a Liquidators' report. I have been told not to say anything about what's in that report.
ODR from what youve seen has this any more mileage
ODR, firstly nothing to apologise for and many thanks for the out reach to FSHG.
Dare I ask on Jonathansxx post, did it read hopeful to yourself or not? Don’t feel you need to answer them that’s completely fine and thanks again for updating us all.
I am personally of mind Looed’s lack of posts is purely down to nothing to say that Looed hasn’t already covered before.
We sit and await the news we real holders crave.
GLA
Good morning Lifeishard. Apologies I missed Avi8r's post. However, I did reach out to FSHG via a friend on Whatsapp first thing yesterday. I was concerned at the Liquidator cost in having to verify shareholdings before sharing the report, especially as my email was dealt with at Director level(!), which will be expensive. So I suggested that FSHG approach the Liquidator direct and suggest that they could distribute the report to their, already verified, member base, and in so doing save a big chunk of Liquidator costs. I haven't heard anything back from FSHG yet.
Wasn’t he one of Zaza’s enablers? Even after Zaza was found out Mole failed to criticise him.
From this BB moleinahole, whatever happened to him?. Last posted on IOG at the end of August 2023 .
I wonder what he would be thinking. Much like me I suspect, done over and truly stuffed by sheer incompetence.
...........but you never know!