The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Part2
"Unfortunately, instead, the government has disguised itself as the current kleptocratic oligarchy. International observers know that our business experience is a real-time indicator of what is really happening in the country's geopolitical and economic landscape. "The Georgian government is constantly trying to attract the attention of the West and seek foreign aid, but at the same time it is silently instilling the values ??that the Russian invasion of 2008 should have inherited. This is a very dangerous masquerade. The goal of the 2008 Russian invasion has been largely achieved." In order to significantly destroy the free enterprises of the Western private sector.Our business and the prospect of Georgia's energy independence related to it has been damaged and halted by the government, which was prevented by the Russian military invasion 12 years ago. We could not have imagined that after this horrific war, we would find ourselves in an environment where democratic reforms are opposed and Russian, Iranian and Chinese private sector investments are welcomed by the government more than by the Americans. As the largest US private sector investor in Georgia, we have met with the Prime Minister and his Government many times over the past year to try to return the positive spirit of the US / Georgia Partnership Frontera Resources Corporation - 3040 Post Oak Blvd, Suite 1100 - Houston, Texas 77056 USA . Unfortunately all these appeals were ignored, or we were rejected in response.However, as we saw in the last week of July, the pro-American masquerade continues, with other priorities. "The president, the prime minister and his government have more time to meet with Iranian officials to discuss normalization of relations and economic development," Frontera said in a statement, urging the government to work with him directly and in good faith.According to which the company calls on the government to act directly and in good faith with it:According to which the company calls on the government to act directly and in good faith with it:
"We respectfully urge the government to remain committed to the arbitral tribunal's decision, to respect the terms of the contract, to meet constructively and to guarantee that we will continue to work without threats, intimidation or new terms," ??the statement said.
According to the Minister of Economy and Sustainable Development of Georgia, Natia Turnava, the government has decided to provide a one-time assistance of 1200 GEL to the former employees of the company "Frontera":
"The 84 former employees of Frontera, who were fired by the company in December last year and who currently owe about 17 months' salary arrears, still remain a big problem. "These people are in a very difficult situation and we have decided that our company, the Oil and Gas Corporation, will provide a sum of GEL 1,200 to each person as a one-time assistance," Natia Turnava said after the government session on August 6.
NEWS
Frontera: The Georgian government has continued its disinformation campaign against our company
August 10, 2020
share
See. Comments
The American company "Frontera" responded to the decision of the Georgian government to provide a one-time 1200 GEL assistance to the former employees of "Frontera". In particular, the statement states that the Georgian government has continued its disinformation campaign against the company, calling Frontera employees "former employees" and announcing its decision not in person but through the media:
"Instead of having a direct connection with the company, as is appropriate for a constructive partnership, members of the government have again chosen to make a public statement on a fabricated issue, the obvious reason for which is pre-election advertising. The public should be aware that the government has not even attempted to work with our company to find out or clarify facts about our employees. In return, they again made a wrong public statement about the so-called August 6th.
If the government was really interested in the well-being of our employees and the business that ensures the well-being of our employees, then they would not have casually spent 40 million GEL on legal services to terminate our contract through international arbitration against us in 2018, which ended in government failure. "The question is, why did they decide to spend this huge amount of money to kill private American investment, when they knew that their success would create massive unemployment and economic downturn in Tbilisi and Kakheti?" Deliberately uses the International Court of Justice as a weapon during the year:
"The only reason for this is to damage our business and our employees, forcing us to leave Georgia. In the end, their corrupt attempt failed, but I wonder who is responsible for the misuse of such valuable state funding in the face of Georgia's shattered economy? A two-year costly legal dispute alone did not prove to be enough for those who ordered it. At the same time, the government has created regulatory resistance to increase pressure, blocking crude oil exports and preventing the sale of extracted natural gas. In addition, we do not reimburse VAT debt Frontera Resources Corporation - 3040 Post Oak Blvd, Suite 1100 - Houston, Texas 77056 USA, which exceeds 20 million GEL. Is this the action of a government that"Who is interested in encouraging private American investment and long-term employment for the people?" According to the statement, then, 12 years ago, it was hard to imagine that a government would come that, according to the company, had removed the country from its pro-American and pro-democratic policies:The country has moved away from pro-American and pro-democracy policies:The country has moved away from pro-American and pro-democracy policies:
State Agency of Oil and Gas releases a statement
As we have become known, the leadership of the company '' Frontera '' publicly expressed their willingness to publicly express the decision of the international arbitration through one of the TVs.
The agency welcomes the fact that after a few of our offers, the company has finally made this decision and officially invites its leadership to discuss both the terms and terms of the joint publication of the decision, as well as the territories they returned to the Arbitration decision in the coming days Property and other procedure issues, as well as the current situation in the area and the terms of covering the debt for workers.
In addition, in order to avoid misconceptions and misconceptions, we further explain that according to the decision of the Government of Georgia to suspend the contract on July 23, the company Frontera has the opportunity to continue working under the current contract terms and conditions of the license, under the current contract On the area of tidy, which includes Mirzaan (17,2 km 2) Tariban (17,66 km 2) small shirak (1,96 km 2) Baida (3,71 km 2), Nazarlebi (0,49 Km 2) and bitter valley (1,59 km 2) to the communities.
So it’s sounding like the gg wernt ready to talk/negotiate ... very frustrating
According to the Prime Minister, he is proud that the Georgia-US Strategic Partnership is at the highest level today.
"We have made significant progress in key areas and have taken our cooperation to the next level, including defense and security, as well as trade and the economy. The ties between our countries are getting stronger day by day. At the same time, we see even greater potential for trade and economic cooperation with the United States. The government will do its best to attract more American investment and company to Georgia. In parallel with the fight against the invisible enemy, we have challenges in Georgia related to the protection of our statehood, the de-occupation of our country, the protection of the rights of our citizens and the revival of the economy. That's why we know we can't relax, we have to deal with these threats, "said the Prime Minister.
The Prime Minister of Georgia would like to thank the new US Ambassador Kelly Degnan and the entire team of the Embassy for their support and efforts.
"We have a new US ambassador to Georgia this year. I would like to thank Ms. Kelly Deganan for her efforts, as well as the entire team at the US Embassy. Georgia and the United States are reliable and reliable strategic partners and allies. I am sure that at a time full of these challenges, the ties between our nations will be further strengthened. On behalf of the Georgian people, the Government of Georgia and myself, I congratulate you on Independence Day, ”said Giorgi
https://www.facebook.com/137784719692774/posts/1729372893867274/?vh=e&d=n
Going on national tv and telling the Georgian people you want to make British shareholders rich is not the way to go about it soss . I believe we did get a mention the other week when Zaza was interviewed
Good or bad levsep?
https://m.vz.ru/news/2020/6/11/1044459.html
June 11, 2020, 10:41
eleven
Photo: Yi Gaochao / Global Look Press
Thirteen American congressmen made a statement on the “involvement of the richest man in Georgia,” the leader of the ruling “Georgian Dream” Bidzina Ivanishvili, in “destabilization in Georgia in favor of Russia” and called him “close ally” of President Vladimir Putin, the newspaper VZGLYAD reports in Tbilisi.
The Georgian opposition enthusiastically comments on this position expressed several months before the parliamentary elections to be held in October.
One of the leaders of “European Georgia” Sergi Kapanadze called this statement of the congressmen “a sentence”, noting that the leader of the ruling party was called the “conductor of Russian interests in Georgia”.
“The position of our strategic partners, the Americans, shows that Bidzina Ivanishvili is leading the country to collapse,” said the opposition leader, who expressed hope that the opposition would win the election.
The ruling party has not yet commented on this statement, but supporters of the “Georgian Dream” on social networks sharply criticize these congressmen, calling them lobbyists of the American companies Frontera Resources and Conti Group, who lost their jobs in Georgia.
In the social networks of American congressmen called on "to deal with the problems of their own country" and considered their position in relation to Georgia "shameful."
June 1: Harris County Civil Court docket for "contract - consumer/commercial/debt" cases
FILINGS
By Record Inc News Service | Jun 9, 2020
Shutterstock 146730020
The following cases categorized as "contract - consumer/commercial/debt" were on the docket in the Harris County Civil Court on June 1. All case details are allegations only and should not be taken as fact:
155532
Kim Lewinski (plaintiff's attorney)
Exellence in Is Solutions Inc. v. Frontera Resources Corp.; Steve Nicandros
https://setexasrecord.com/stories/539285210-june-1-harris-county-civil-court-docket-for-contract-consumer-commercial-debt-cases
Did anyone forward it to Frr ? It was suggested but would be good to get confirmation of whether it was actually sent
Midnight in Georgia just now . Really is a bizarre share this ...
We can use any extra money to translate future interviews
The GG must be sweating, Zaza seems to be making this as public as possible to the Georgian people (hes only done Georgian interviews) and if he releases the arb documents (which we hope will show zaza is telling the truth) then the Georgian people will clearly see the GG have attempted to hood wink them with false info. I bet the gg had no idea Zaza would put up such a fight and bring so much attention. their last statement almost sounded like they were begging FRR to stop.
The Georgian PM saying that he will not let one company ruin the Georgia- US relations....... did anyone tell the PM that the USA only make friends if they are set to benefit from that relationship?
US DEPUTY SECRETARY OF STATE REMEMBERED GEORGIAN AUTHORITIES THAT SHE REPORTED TO US CONGRESS AND HAVE NO RIGHT TO COME WITH AMERICAN COMPANIES AS HAVE COME FROM FRONTERA
Georgia, May 25, GEORGINFORM. On May 22, George Kent, Deputy Assistant Secretary of State for European and Eurasian Affairs, gave an exclusive interview to Badri Patarkatsishvili Imedi, who died in his castle in foggy Albion under foggy circumstances.
“The Congress in the USA has a supervisory function, so when it raises questions - how is one or another program funded from its Congress approved, it has the right to get an answer! When questions or concerns arise about the investment climate in Georgia and the rule of law, it is important that we discuss these issues together as friends! Of course, we want the Georgian economy to flourish and we think that American companies should play a role in this. We were also facilitators in the political dialogue between the parties, which ended with the March 8 Agreement. The first part of this Agreement is devoted to the rules of the game, and the second concerns the cases of politicians in judicial proceedings. I think that it is important for both parties to fulfill both conditions of the Agreement, ”George Kent, in particular, told the Chronicle information program journalist.
http://ru.saqinform.ge/news/45115/zampomoSnika-gossekretarA-sSa-napomnil-vlasti-gruzii-Cto-ona-podotCotna-kongressu-sSa-i-ne-imeet-prav-postupati-s-amerikanskimi-kompaniAmi-tak-kak-postupila-s-Frontera-.html
Anyone got the link to ii bb? I’ve not been able to view it for months
it also says at the top of the page 'Docket last updated: 5 minutes ago'
50 mins ago - ... LAW NOTICE OF VOLUNTARY WINDING UP Frontera Resources Caucasus Corporation (In Voluntary Liquidation) (the "Company") Registration No.
#FronteraVSGogc
?? Adam Kinzinger: I respect the court decision on the front case. I think they made a fair decision and must be fulfilled
????????? ?? ????? ??????????
????????/State Agency of Oil and Gas
https://www.facebook.com/155333151301236/posts/1557175514450319/?d=n
B20 did post on 1 other share but its no longer showing on his profile. i remember checking him out last year and the fact he posted on anther bb put me off the idea that he is closer to the company than us.
anyway i enjoy reading his posts so keep it up b20 :)
Is this any help looped ? I found this back at the start of 2019 and posted it on my Twitter cause I felt like it would be handy to keep track of it
https://twitter.com/572chris/status/1081499199945015297?s=21