Member Info for commy

r8.you lot are unbelievable.if someone posted on this board that FRR had a £100million debt I would call them out on it.conversely if someone posted that FRR had no debt I would call them on that too.devex made a statement that I believe is incorrect so I responded to it.what has followed since is a disgrace.
perhaps its just you peoples insecurity.what is supposed to happen on these boards doesn`t happen here.on some boards people post something and there is a response,the people on the board then discuss the merits of either side.not here<not on your life.not one single one of you has mentioned the original post.so I will ask you a direct question.IS DEVEX CORRECT WHEN HE STATES THE FOLLOWING?"There may be some element of threat - but until a request for arbitration is lodged then it is not material."
my response was to that point.as for the angr/agressive bit.DAMN RIGHT I am angry at you bunch of uber positive rampers who gang up like a bunch of cowards the moment that anyone posts truths that you don`t like.

rb40.it would appear that you only see what you want to see.if you were to bother to take the time to read my post properly you would understand that I was responding to this bit from devex"here may be some element of threat - but until a request for arbitration is lodged then it is not material".
you may also note that in the april rns it states that the company has received a "request" for arbitration.differene today is that the company states "Frontera confirms that the GOGC has filed a request for arbitration.".
so,now that the company has stated that,does it become material,rather than "not material"

WOW.did you just deliberately miss the bottom of my post? here it is again".Frontera confirms that the GOGC has filed a request for arbitration.".jeez how much clearer could it be."

you just posted this"here may be some element of threat - but until a request for arbitration is lodged then it is not material."REALLY???FFS.this is what FRR stated in april18"The Company confirms that it has received a request for arbitration ("Request") from Georgian Oil and Gas Corporation and State Agency of Oil and Gas in respect to certain terms of the Company's production sharing contract ("PSC") in Georgia, however, the full statement of the case has not been submitted and the timings for any such hearing, should it occur, are unknown"
then today from dirks article FRR state this"At the same time, the company has complained that state-owned GOGC now wants to change provisions of Frontera’s license agreements. Frontera confirms that the GOGC has filed a request for arbitration.".jeez how much clearer could it be.

strongman.further to my last post.you go on about the dates of the rns`s.to be honest I don`t care what date the payments are made.that said,perhaps you could for one moment put youself in a real world scenario.i have found that it helps if you break things down into thing that happen to you.
lets say that you rent a house.the rental agreement runs until 16th june 2018.the landlord or you want to renegotiate the terms of the tenancy agreement.you get together a week or two before the agreement comes to an end.you then make a new agreement.despite the fact that you sign this new agreement at the meeting the new start date would not be from the date of the meeting,it would be a new agreement starting at the conclusion of the previous agreement.so as I said, I would expect that the new agreement would begin on or around 16/17th june and first payment a month later.

strewth.do you people read anything?????
STRONG.I even posted a link for you.JEEZ.is it that hard to read?you posted this "You are wrong (YA are not shareholders)." just for you here is the link AGAIN.http://www.investorwords.com/3775/preference_shares.html
starrage.that's fine,you carry on agreeing with strongman.unless of course you would care to bother to read the link provided.
MAGIC"Commy, this is basic investor stuff, it really is.".yes you are right,it is basic invester stuff. FFS do some research and then get back to me.not to worry though your posts are getting plenty of ticks from the usual crowd.LOL

sorry mate,we don`t have a date for that.you can have a rough guess though.the original agreement was that ya were allowed to convert "xyz" shares up until the 16th june.we can reasonably assume that they sat down and thrashed out a deal around that date.a day or two wouldn`t really matter to either party.so,fair to say sometime 2-3 days before the agreement ended they did a deal.that deal would then supercede the previous one and likely have a 12 monthe starting from 1 month today clause.think it is safe to say that the agreement was signed off between 14th and 17th june.first payment 1 month later,so 17th july or thereabouts.if that's the case we are due an rns on Monday.

oh well,where do I start? at the beginning I suppose.lol
jabond. i am calm.i just don`t put blinkers on and pretend that all is wonderful.

star you say "commy, I'm not quite following your argument. FRR have a debt to YA. Agreement is that they can be paid in cash. YA don't have any shares so how can they be classed as a significant shareholder. I can't see how AIM rule 17 applies, so no need for an RNS?" that is not the case here is why
http://www.investorwords.com/3775/preference_shares.html

you have to do the maths with this as well because because each of ya`s preference shares has a value of $1100.so roughly speaking £770 or to put it another way we owe them $2.85 million which for accounting purposes is considered a liability or debt if you want to call it that.make no mistake though they are considered as shareholders and even more important to them,they hold shares that in the event of a huge problem are superior to ours.considering that their pref shares outstanding at the moment are worth approx. £2m and our market cap is a little over 42 million you have to consider them as not just a shareholder but a significant shareholder.
DEVEX.i see what you are saying and you are correct that the rules can be interpretted in different ways.the problem for me is that you are looking at with regard to "significant news"i am looking at it from the point of view as to what has to be declared.no matter what people say they are sisignificant shareholders and under the rules any change in their holding has to be declared regardless of the class of share.just the same if a director decides to sell $265,000 dollars worth.

FUNNY as."In my opinion, we all disagree with you.".you are now speaking for everyone else are you? I didn`t notice there was a vote for a spokesperson.LOL.you really need to get a grip.
I have posted my thoughts and backed them up with some rules from the rulemakers.the best you can do is spout your opinion.why don`t you check the rules and prove me wrong.if you do I will apologise.as for devex and mole,i don`t care,if I disagree with them I will say so.
to be honest I am sick to death with all the positive noise from posters with nothing to back it up.you can recommend each others posts and slap each other on the back as much as you like.that isn`t going to change the facts.

jab.ffs mate.how many times.there is nothing in that rns about reporting rules.very,very simple.do a little research then come back and say what you want.every statement by the company is just that a statement.the rule book is there for a reason.would you like to tell me why the company made a declaration that they had made the first payment?? oh,i know to give us some cheer.NOPE because they HAVE TO.

jabond.maybe just as well you didn`t "rip in there" before max.this is from the rules.please note that it states ANY class of share.
In addition all AIM companies are required to comply with Rule 17 and must issue notification, without delay, of any changes to the legal or beneficial interest (a "holding") of a significant shareholder (a shareholder of 3% or more of any class of AIM security).

matt.that is not the case.for example: the original agreement between ya and frr was that they could convert x amount of shares per month up to a max of 1.3b shares.the rns`s came evry time they converted.the same is true in the opposite direction.every time they are either paid/convert there should be an rns.anyone looking to invest has to be able to make certain calculations.for example lets say we pay 6 months on the bounce and no rns,the company has reduced its liabilities (that is what pref shares are) by approx. $1.5m.this information has to be in the public domain.

5p.here we go again.do you honestly think that those preference shares don`t need to be rns`d?they are considered as major shareholders,whether they are on the list of significant shareholders or not is immaterial.it works both ways.when they were converting shares they were adding to the shares in issue.when they get paid in cash the pref shares are reduced.rns one way or the other.

ODR/strong that's my point in a nutshell.they can`t tell you zip.as I stated,you might as well ask anyone on any board the same question.

haha.thats as funny as it gets.'''Thanks – they are very busy but an update due at some stage.".JEEZ.every share on aim or ftse is "due an update at some stage".if that's the type of response people want just ask anyone on any board.

"what more could you ask for ?" WOW! what a question.heres a little list

1 news on oil flow rates from any of the three wells.
2 news as to the payment to ya for this month
3 news as to whether the ii has agreed to fund niko down to zone 19 or even further
I could go on and on but I won`t.
oops,just one more thing I could ask for.perhaps asking a little too much.if vinny and mapp good get a room with no internet connection that would make my day.lol .

boys and men.there is a difference.have you noticed that the thread has gone missing? the boy must have reported it.there was no bad language or name calling.the kid just can`t take a little ridicule.lol

odr.yes it was rather sloppy.(the spelling)

sprinter.lol.going to get one myself right now.

coggy.i have seen that before.i think I have even seen it on this board.i have never seen anything like it on a onshore drill that is hoping for a few hundred of barrels a day.not saying it can`t be done but pretty sure that you need bigger numbers for it to be viable.