Member Info for Contra

I have just checked with my Halifax account. As of now there is no corporate action listed for I3e. Anyone else have different information ?

I see nothing on Halifax yet.

First principles - Never accept the first offer on a deal, vote no.

Rylidan

It is indeed "a dog T@rd of an offer". Why you would vote yes to an initial low ball offer is the part that doesn't make sense.

You are all being careful in your appraisal of the deal and there is some good analysis. I have also completed my look and the result is - It's a crap deal and I am voting NO.

A very underwhelming offer that deserves a NO vote.

Cheer up mapp - always look on the bright side of life!

Elections in October. Georgian Dream could well be the proverbial turkeys voting for Christmas because of this. They can't be that stupid - can they?

ODR - there may indeed be a simplistic outcome to the liquidation process based on the report - but - nothing in FRC'S life and any of its subsidiaries so far has been that way. Based on experience who knows what. when and how the future will unfold. A bit like Saints vs Pompey next season.

Lifeishard - Don't be surprised, some on here aren't sure if they are the Judean Peoples Front or the Popular Front of Judea. October elections in Georgia, that should be the end of the Georgian Dream Party. "Dream", that's a misnomer if ever there was one. Should have been "Nightmare Party".

Cheer up Dave, it has not been voted into law yet and with 20,000 plus Georgians protesting outside Parliament it may not be. It requires at least two more sittings and the the President has said she will veto it. That will require yet another vote. In the meantime much effort (by the EU and others) is being made to stop the overtly Putinesque Parliament from having its way against the wishes of the Georgian people. Sense will surely prevail.

ODR - I admire your certainty in an otherwise very uncertain story. Who knows where all this will end up.

Why do that and have yet another court case. There is a share register. In a new SN company, given that's where any future activity will reside, he will be able to incorporate any part of an existing share register (given shareholder approval) as a prelude to any new commercial activity or listing. That is the easiest and most cost effective way of proceeding. He would also become a hero for a change.

ODR - I don't think so if one of the main objects to be rid of the Zaza shareholding. To do this liquidation is necessary.

I suppose I could ask for the report but as patience is a virtue (as my mummy kept telling me) I will wait for developments from across the pond.

Don't forget that by this route SN can be rid of the ZZ shareholding. The share register can then look as he wants.

I refer to the answer I gave a few days ago -

3rd.February 2024 16.39

Lady mapp - You say you are preparing for your Big Day in public. I have advised you to not to use the nudist beach at Studland. In the summer yes, but it's too cold right now. Just as with Frontera, more patience is needed.

Phil_2018 - That's far too complicated. The easiest way to proceed would be to get rid of FRC (now being done) with all its baggage (including all its creditors). Form a new company, secure a new PSA and funding ($100m has been mentioned) and incorporate the existing share register less a**holes like ZZ, into the new company. If that is the plan, and it is workable then any contact with others dealing with the old FRC is pointless nonsense.

MontiBurns - An excellent summary.