Member Info for bigdouble

Thank you Mole, at least members of FSG are now aware you have tried your best to make contact with the Board. Would it not be wise to take advice from a commercial lawyer as to where FRR shareholders stand. I found the statement below, but I am no lawyer.

“Shareholders usually have the same basic rights regardless of whether the company is private or public. The rights of shareholders depend on the rights attaching to their shares under the company's articles. Different shareholders can enjoy different rights and this is usually effected by a company having different classes of shares. Such rights are usually provided in the company's articles. There is no limit on the number of different classes of shares a company can have.”

Six months down the road and shareholders are completely in the dark regarding where they stand. Thanks to some great LSE members, we have had sight of court docs, but it’s difficult, if you have not studied commercial law, to interpret whether the news is good or bad. We have also heard very little from YJ or FSG, which is disappointing.

As shareholders in a private company, we still have certain rights. Therefore, I am somewhat surprised no action has been taken to force the Board to update shareholders in a manner that will not jeopardise any ongoing legal action.
I thought by bringing shareholders together within a group, i e Frontera Shareholders Group, this would enable us to look after our interests. To date I have seen no action whatsoever.

Is it just me, or do other shareholders feel its time we upped the ante. Is it not time we insisted in very strong terms that shareholders be updated on a regular basis. There must be plenty of news shareholders could receive without jeopardising any ongoing dispute. Maybe it’s time Shareholders had their own legal representative to ensure our interests are better protected.

E-mailed them last week, no reply. Usually at least I get a “ we will let you know, when we know” e-mail back. Radio silence now

With the amount of money Shareholders could lose, I would have thought it is time FOF insisted that we get some sort of update from the Board. The court case seems to be just a delaying tactic as it would appear we have no chance of winning. Maybe it’s time shareholders took legal advice on where we stand, even if it’s just forcing the Boards hand to update us on whether or not there is a future for the company.

The notification to the issuer shall be effected as soon as possible, but not later than four trading days in the case of a non-UKissuer and two trading days in all other cases, after the date on which the relevant person:

1) reaches, exceeds or falls below 3%, 4%, 5%, 6%, 7%, 8%, 9%, 10% and each 1% threshold thereafter up to 100% (or in the case of a non-UK issuer on the basis of thresholds at 5%, 10%, 15%, 20%, 25%, 30%, 50% and 75%) as a result of an acquisition or disposal of shares or financial instruments falling within DTR

thank you for your email. Your concerns have been passed to the appropriate team for consideration.

As you will appreciate, we operate under strict confidentiality, so cannot provide you with a substantive response in respect of the issue you have raised.

Should you have future concerns in respect of market abuse, please email market.abuse@fca.org.uk.

Yours sincerely
The Market Conduct Team

5% down, it’s relentless

It’s pretty obvious this is just a rollover. Did one myself the other day

Wishing all genuine holders a good result later today, been a stressful time for so many good people. Thanks to all that have posted so much great information since delisting and kept spirits up. GLA

Showing

Pricey needs to make an announcement today.

Can’t see that many Private Investors selling at this level

My guess 30 mill at 0.535

Bloody obvious this was a sell worked throughout the day. Anyone who thinks it’s a buy obviously has never instructed a broker to offload stock

So much positive news and we are still bouncing around the lows. Surely it’s got to move north soon

Yes I also received the below this morning

Hi
Yes we are still on the case but no new news I am afraid – all going ahead at the well head think they are just trying to get the legals out of the way
Best

Oil And Gas
Yellow Jersey Oil & Gas

13.8% I believe

If and that’s a big if, we ever get another shareholder meeting, Zaza will have a lot of explaining to do. Both the Board and Hope have put a lot of genuine holders through hell and back. GLA

Ironic - spot on, warrants are a killer for existing holders. If EQT could buy shares back with the funds raised that announcement would improve the SP immediately.