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Hmm.....
I guess the one that worries me most is the 2nd part - if it is true.
More worrying than the content is the apparent publishing of content of the arbitration. This starts on the slippery path of sharing extracts to defend each party's position. Does this then make it fair game for the GG to release the information Frontera is trying to keep under wraps for the sake of commercial sensitivities? I hope not.
Bezzy
I think they both know there's sensitive information in there regarding a potential SM in the wings. Neither part wants to be the one to drop that in the market and hack them off. Both parties hoping that they'll benefit from the SM involvement, however this plays out.
JMO,
Bezzy
We're here!
http://georgiatoday.ge/news/21065/Georgia’s-Deputy-Foreign-Minister-Resigns
It was also compared in size to the island of Guernsey - so no postage stamp!
ODR / Arsenal,
According to the Frontera website, Taribani is 80km2, and Block 12 is 5,060km2. Thus Taribani is c1.58% of Block 12.
Bezzy
Simon,
Not sure that the Companies Act 2006 applies to Cayman Island registered companies (or any registered in the US, Georgia etc).
Bezzy
I don't often bite - but I wish you would!
Mole,
I had a look. Nothing of note as far as I could tell in relation to the docs ODR had flagged. An extensive mix of photocopied documents in English and Georgian. (Over 100 pages). The docs I could read (English only, sorry) were very old, dated back to 1997, 2000, 2006 etc. I cannot speak for the Georgian text. I cannot translate it either as they are pretty poor quality scans and beyond my ability to “google translate”. We really need a translator to read these for us.
Bezzy
Me again,
I see the link hasn't gone as far through as I was. Please insert 405339637 into the identification code box and it should open up the details.
Cheers,
Bezzy
Hi ODR & All,
Following on from the previous conversation about a possible new company or update on a previous company, I have come across the following entry:
https://enreg.reestri.gov.ge/main.php?m=new_index&l=en&fbclid=IwAR3nRZhurJe5lZanGZzT2bjsz91oU-s6SDGpUAJxTe4kxXiYAeWUMhOw6mI
I hope the link works.
This looks like a new company established June 2019 (i.e. much more recently).
Does this help us on our quest to try and find out what's happening?
Bezzy
ODR,
The registration date is 1997 is it not?
Brand Name: Frontera Istern Georgia Ltd.
Legal form: Limited Liability Company
Identification number: 204905674
registration number,
Date: 5 / 4-1369; 07/08/1997
The above being a little bit google translated.
Bezzy
Stocks,
Forgive me for correcting you. However, using your numbers I make it 0.026 of a penny on the share price (150,000,000 / 150,060,000 x 65p = 64.974p). In other words, even less significant.
Bezzy
P.S. We really shouldn't feed the trolls.
Pecten,
It's definitely being updated as they removed Tim's contact details from the PR section in the last week.
Bezzy
The Moldova tab has been there for ages. I must confess I didn't click on it as it didn't appear to have any sub-areas listed below, so cannot confirm whether the content was there or not.
Bezzy
We got it
Now that made me laugh!
Good Morning Puddy,
Glad to hear you're in better spirits regarding our prospects. I am too. I appreciate some posters will naturally seek out further details. I don't blame them. However, if all is going on as I suspect behind the scenes, I'd imagine this is a delicate operation and certainly doesn't warrant any interference from us shareholders (or others perhaps less motivated for this to be a success). This is a public BB and I'm quite sure "the enemy" can read it as much as any allies that are trying to give us some comfort too.
I respect your stance not to reveal further information and encourage others to hang on in there. We've waited nearly 18 months with nothing of tangible note so far. A few more months really won't matter, especially if the result is favourable for the loyal LTHs.
Many thanks,
Bezzy
Many thanks Dibs,
Useful to get a close perspective on these things. Much appreciated.
Bezzy
Dibs,
Any chance of sharing those calculations just to give us a sense of the numbers?
Thanks in advance,
Bezzy