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The above does seem to read on that it is saying that the seniority of the $60M is delayed until the $30M is dealt with of which is presume would be either by the court or Frr paying it off from the $60M.

One thing is cannot see the above happening, if ZZ thought that Frr would not come through this.

Overall that is along the lines of what I mentioned.
So now let's hope on something positive coming through tomorrow.

On that being the case then if needed then Frr tell court that say 50%/66% of the $30M will be paid out of the $60M then sure that the court would not give SH any choice in vetoing it.

Would say that on the notes that they have drafted up until now, have looked well thought through & never have been over the top on valuation on m/cap/s/p.

WHI might be perfect even though already a broker
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WHI anyone? I do see a plan being actioned through all this, it hopefully includes burning those sorry shorters ass’s :joy::+1:

Will say that it looks very much like the evidence for the claim, started before the default period did.
So on the basis of the above the claim should come before anything concerning the default.

I think it might be the case that ZZ/SN was waiting on the default notice to trigure the damages claim.
Obvious the evidence on this claim started back in 1st 4/5 months of 2018 of which was Hope vetoing ZZ raising funds & them him trying to get Frr except funds from Outrider at a higher interest rate, also probably some crap in the small detail all of which is him trying to f.c.k. us all.

At the moment, it is positive news on dealing with Hope, is the most important & on that being the case cannot see any problem whatsoever in signing up with new Nomad.

Dave
I was thinking along same lines on Frr re-listing.

Will add that handing in a defence can just be to give more time on an OOCS, as mentioned.

Have to wait & see if Defence is put forward. If not then happy days. If not it still could be the case that an OOCS does come through or of course a full hearing on this.

Generally was meaning the docs that have been requested via discovery.

The discovery request was that not put in during Nov?

If above is correct then would think Hope has been given enough time.

Still cannot see why holders are bothering replying the above, as it is a complete waste of time.

As said in the end the main thing all holders want to know is that Frr will be moving forward & on that happening the news on that would probably be put out, in some way or other.

Agree 100% on that BOD should not have got into this situation.
Lets hope on positive news very soon.

Thanks for the great posts & even though nothing certain, it is looking better then when received news on Christmas Eve.

In the end on Frr coming through this then unlikely it would take long to sign up with a new Nomad, if one is not sorted earlier.

The only news that is wanted at the moment, is on Frr coming through this, so if there is an OOCT a brief note can probably be put on website. Especially as shares are suspended.