focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
I have to say that any one that thinks that the Georgian elections later this year is somehow going to dislodge the Dream Party from power is being a little naive. Why? Because of the continued Russian influence/interference to obstruct/delay Georgia from becoming a member of the EU and NATO. Consider also that majority of the Georgian people are pro-West but somehow always elects a Govt that is covertly pro-Russian. And there in lies the problem of FRR (and other foreign companies) from not succeeding in Georgia despite investing hundreds of millions of dollars. But perhaps the events in Ukraine and political pressure from EU and the US may trigger an uprising in the Georgian people to finally bring in a genuine West-facing Govt (but I wouldn’t hold my breathe).
As afar as ODR’s questions are concerned, Deloittes attitude on the ongoing liquidation process will be dependent on financial resource available to continue. Like I said in a previous post, Deloitte is not a charity and will therefore only do the bear minimum if no money is forthcoming from the former Director, which means a quick wrap up. If no new funds are available, Deloitte will not get paid and they will move on, hoping to make it up from the next company. Aside from that, success of FRC coming out of liquidation is also going to be dependent on a positive Creditor vote on whatever proposal SN puts forward. But looking at the amounts owed to Creditors, I do ‘think’ that he is probably owed around 50% of the creditor debt.
ODR1, as one of the first recipients of the Deloitte report, I am worried that you have either not read the report properly or trying to entrap someone from breaching the confidentiality clause by opining on your questions. Nevertheless, I have given you an authentic answer for the benefit of others. Deloitte will only get paid if FRC comes out of liquidation which will be conditional on them getting paid and that will be dependent on the company getting access to new funds. And on that, you can make up your own mind.
Things are on a ‘wing and and a prayer’ in my humble opinions.
Apologies Lifeishard, I had some bad news yesterday and it clearly affected my sense of humour as I completely missed the sarcasm.
Would still be interested to learn what others think about the questions I posed re Deloitte's attitude to the liquidation and whether they do need a positive outcome in order to be paid?
ODR, I tried a bit of tabs humour but failed sadly, only tabs does it well.
thanks for your input, I will take your comment of “Having said that” as a positive
Always look for the positive folks because life is hard enough without it
GLA real holders
Lifeishard: I'm afraid the Deloitte "very minor" issue, is a "very major" issue. Having said that I have no idea how long we have before the liquidation is finalised. Hopefully they allow as much time as possible for a positive outcome to materialise. I assume they will give it every chance as that's the only way they'll get paid presumably? Unless the Cayman Island authorities will foot their bill?
Apologies, wrote on the move, “S”a”N”ta was meant, not that you all didn’t notice or know that.
Thoughts going round in my head on bugsy-b ‘s post, if the elections come good as bugs hopes and buying time happens? then “S”an”T”a might just deliver us this Christmas present we were told we would get many many moons ago?
Could I ask if anyone would know if this Deloitte very minor issue would/ could prolong until then?
I would just like to add my great relief that Looed is ok after the earth quake and my huge appreciation for all the work that you have done and continue to do
Without which we would all be very much worse off and virtually in the dark
GL
Don’t post here very often but I read most day and have been here some yrs
Just here to wish erazzel a speedy recovery and hoping for a great outcome for all the genuine investors here
God knows we deserve it!
Awacker
Hope things go well for you over coming mths & yrs.
Take care
Best wishes Erazzle, makes you realise what is REALLY important.
Don’t try to stress about FRR peeps, what will be will be!!!
Best wishes Razzie.. Take it steady young man..
Overwhelmed by your kind words. Tired, need rest but im not going anywhere. This time next year Rodders.
Health is your true wealth, long life to you and all us ageing holders 🙏
Erazzel, Keep the spirit high and strong mate , looking forward to hearing your going on the raz
Best wishes geezer hope you ok
Best wishes Razzle. You're right, life is too short to worry about FRR........and many other things too.
Sorry to hear of your heart trouble mate hope you have a speedy recovery and if this comes good all the better for you cheers mate.
Speedy recovery Razzle
Heart attacks are treated by NHS Experts .
Take care and do not worry. "All is bright and beautiful"
according to Lifeishard.
Being stubborn definitely helps. One of my friends was given 3 years to live after a cancer diagnosis. He's not too well ATM, but it's 9.5 years later and he's still making the most of the situation.
Scarring of the heart me ol'mucker and shortened life expectancy, just as well i am stubborn
Erazzel - That's one hat trick I hope you don't achieve! I hope you recover quickly and with no lasting damage.
Take it easy and stay away from the LSE.
These boards invite and take us for a ride.
Premium Bonds don't keep us awake all night.
Stress kills and the lucky ones survive and thrive.
Keep smiling. All the best. Mapp.
Best wishes for better health ahead erazzel. 🤞🏻
Indeed. Best wishes for a swift recovery erazzel.