The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Wrong NamesJ, just because I use a word for a human being , a pretty bloody nasty one at that , doesn’t make me RR, like I have said, just an average Joe here, not a trader and I come in peace. If you are a real holder who only wants success with our company, then I wish you all the best, I hold hope on our leader pulling this off successfully and that my £16k of hard earned family savings will yet come good along with all real holders. I have not and will not change my view that our leader fights for us.
Time tells all tales folks
Makes it even more sure that we're utterly fked, the already minute chances of us getting money back depend on Georgia being more Western-oriented. Not much chance of that to say the least.
Sorry, the name "spewtin" for Putin was the tell. That was a RR special.
Finally, the mask slipped a bit there with Bidzina and it lays bear the political obstacles put forth to foreign companies and investments but particularly from the US.
Georgia and Ukraine never invited Russian invasion/aggression so not sure what he is barking about. There is a complete detachment between the Political elite and the common Georgian, which I can’t see being resolved in the short term. So, there goes Georgias EU aspiration. Also explains the vigor the GG perused FRR at the Arbitration Tribunal probably thinking CIA involvement, although FRR were not completely blameless.
Thanks for sharing, interesting read.
Https://twitter.com/Glenn_Diesen/status/1785035708509339963
Bidzina Ivanishvili warns against Washington using NGOs to convert Georgia into another frontline state and "cannon fodder" against Russia:
- "Let me remind you that these people – Saakashvili, Bokeria, Merabishvili, Adeishvili, Gvaramia, Kezerashvili, and others – were appointed as the leaders of the authorities of Georgia after the revolution organized by NGOs".
-"All such decisions are made by the Global War Party, which has a decisive influence on NATO and the European Union, and which only sees Georgia and Ukraine as cannon fodder. They first had Georgia enter into a confrontation with Russia in 2008, and in 2014 and 2022 they put Ukraine in an even more difficult situation. The main reason for the Global War Party’s aggression towards Georgia is that it failed to turn Georgia into a second front despite great efforts, which it could have achieved very easily with the agents’ return to power. The public often asks, why is it that those abroad fight against the transparency of the NGOs with such fervor?"
No issues there tsbs but I do think this could be an important and valuable asset given the unfolding geopolitical situation in Europe as well as easy and cheap access to energy. Also this PSA was granted for 50-yrs so has plenty of legs. Equally, you could argue why would any oil Major consider investing in these Russian-sympathetic countries although outwardly projecting to be West-leaning. But you are right, perhaps Moldova is no more than an academic after-thought.
You cracked me up there monti moldova 😂😂😂
Wrong NamesJ
I walk the streets I don’t own, not brush them, light years away you are, you hold hope one day, none the next, seek out a real holder more than once, why?
tabs, your humour is like a woman ( or man) of the night’s knickers.
Pyro, I said this to tabs long ago, you still check in on this board, it’s called “ Hope” only the good kind not the kind who tried to steal from us. keep checking in you will.
Monty, I do like reading your thoughts, keeps the board going while Looed is staying safe.
All things bright and beautiful, all companies great and small….. just like ours??
Over to you our leader SN??
GLA real holders
For those that have not seen the CR, it did state in there that a request was made to the GG to extend the PSA date which was expiring towards the end of March. If this has not been extended (for whatever reason), then there is no asset and this whole discussion becomes ‘moot’. Having said that, you could argue that the GG are notoriously slow and to oversea this situation, our main man was also elected/selected on to the Liquidation Committee. Let’s hope he can still pull some US Political strings to give the GG a good hard prodding to expedite. Now, the PSA is renewed, perhaps (and emphasis on perhaps), this will trigger a number of important events like: 1) the finance facility becoming available, 2) approval of a payment plan for the creditors and 3) some money for Deloitte to continue the liquidation process and to to reverse FRC’s current insolvent status. As far as Moldova PSA is concerned, no one knows who this is assigned to.
By the way I dont want that post to convey the message that i dont believe in a positive outcome here, far from it, I fully expect a bp buyout in the coming weeks 😂
Cant believe youve only just realised they were telling us one thing and doing another thats standard practise on aim lol
They all need locked up for a long time. The money they had through the coffers couldve sorted the debt out long before it got out of control and ending up us being dead as a duck. 25 years on and all we ever got of any oil was that puddle with a dead bird in it covered in the stuff
AstraZeneca admits guess what?
They got how much for every jab ?
Since then the cancer rate is up.
London School of Economics, NHS, etc.
cancelled Stonewall membership.
Finance may do the same.
Let's hope normality comes back again.
The box is both empty and full...
:-)
So the box really was empty Pyro? 🤣
Just like in a magic trick we were left watching the wrong hand. The trick carried out as we were lead to watch and believe what they wanted us to believe. If FRR had the value we been told, then no way did they lose it over a few million dollars. However I would suggest we did.
That's what I believe now and been saying for a year.
Thanks, RR.
Check out the date on the deal being over, this is all very much linked imho , I still believe we have our very own “S”a”N”ta with us and our company
https://apple.news/A56kmSGNBTZClbhBufXOmLA
Touche Contra; made me laugh! I hope you (and Madp) prove to be correct ... and as spot on as your football prediction (we need Martin out!).
ODR - there may indeed be a simplistic outcome to the liquidation process based on the report - but - nothing in FRC'S life and any of its subsidiaries so far has been that way. Based on experience who knows what. when and how the future will unfold. A bit like Saints vs Pompey next season.
Madp: get yourself a copy of the liquidator's report. It would save you having to write these posts!
ODR - If it was that simple they would offer the asset to the highest bidder. Ask yourself why there's two FRUS companies? As far as we know from snippets on this BBC, Deloitte's don't have any money from FRC to pursue FRUS (Georgia) through the Georgian court system. Plus that route could take considerable time. Whereas, if SN can convince those owed money, that they can get paid in the future, the debts might get restructured. Ask yourself, if you were one of those owed money and the liquidation would give you nothing or you could accept a possibility of something in the near future, which would you choose? IMHO if the former is chosen the director's of those companies could be breaking their fiduciary duties.
Madp: I'm afraid the liquidation of FRC includes the FRUS subsidiary that owns the asset.
ODR - If it was that simple, when FRGC was liquidated the asset could have been taken from FRUS. However, the FRUS subsidiary in the US doesn't have the asset, it's in the FRUS subsidiary in Georgia. Hence, the many arguments on here about whether our shares in FRC will be transferred to FRUS.
The asset was transferred to FRUS. FRUS in owned by FRC currently being liquidated so, if that goes through then the asset is gone, along with our investments.
How many AIM investors are in a similar situation?
Let down by the FCA.