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Best Wishes to all for your health , happiness and hopefully wealthyness.
Just to help clarify for some , when FRR delisted and the Registrar was dispensed with any holdings outstanding and on the register would have been issued a share cert to the current holders address. Those with their stock held by their broker would have been part of a total holding held within the nominee name. Certificates would have been sent out to the broker and they will be currently holding them and would be reconciled to the internal accounts. Those people already being a certificated holder should have already received there certs when the registrar ceased for Frontera. I doubt very much if any certificates would have been issued directly by Frontera themselves as they would have no mechanism for doing so. I stand to be corrected on that one. I certainly have no worries about having a cert as my broker has always held my stock and still does until and if this goes south. If it comes good depending on the outcome , cash buyout / special div etc etc or a relist then a Registrar would have to be appointed and all holdings will be generated on the new register. Anyone who was a certificate holder and had no broker holding service should already have a cert , if not then you should contact your broker whom you purchased from.
Hope helps and Merry Xmas to all and here's hoping for a great New Year and the get together **** up.
Please cut and paste this Xmas message for your loyal shareholders:
Dear Shareholders.
Firstly we must apologize for lack of communications during these turbulent times as we have been advised by our numerous Lawyers not to impact the cases in any way.
However now is the time we can announce a firm tri party deal has been agreed with BP and Baker Hughes which will consist of a special dividend payable to all shareholders in excess of 5p per share (details to be finalized).
We expect to re-list on the FTSE 250 by approx April 2020 which will include a consolidation of shares on a basis of 100:1.
Market Financial Advisors are saying consolidation re-list price of approx range of 65p-85p based on the valuation by our partners.
A more detailed work program will follow over the next month.
PS I now hope all the Shorters , Hope and crew can now start to arrange re-mortgaging their properties and basically you are all now going to be skint and kinda serves you right for trying underhand tactics trying to steal peoples hard earned cash on the cheap.
Merry Xmas to all (except those mentioned above)
Zaza.
Just thought I would help the postings numbers keep up
There would be no shares if total buyout just a dividend/cash payment , I would guess those with short positions will only be CFD traders so unless they relist there would be no need to cover shares to anyone ? so my question still stands would they still be liable in a total cash buyout , I used 30p just for fun don't take it seriously RR . If this does relist I would expect in excess of 1p start of trading due to the fact they must have some good news to be able to do it.
If by some miracle this did happen and say the offer was 30p does anybody know what would happen to anyone with a short position (not me by the way) perhaps anyone with one could ask their broker , then start worrying about the answer. Perhaps they would need to be relisted before the shorters got stuffed ??. Just dreaming as thats all we can do currently. GLA
Russians busy again probably they like a bit of gas.
Just wish this would end before I do , thx to all you good people posting your finds and the effort you put in to appraise us all. Let’s hope Zara xmas appears very soon for all our sanities. GLA
Have already emailed him about 30mins ago , no reply as yet.
What happened to Georgia being one of the easiest countries to invest in , thought we done a deal now they playing hardball to change it. Guess they will want lenders/investors round the table to prove they will invest if they extend the license. Hope fully this will be resolved to suit all and get on with job of paying employees and helping Georgia become gas and oil self sufficient. It’s about time they showed support out loud and help us get on with the job in hand. It is after all as much for their benefit as everybody else. Come on GG get cracking and help your countrymen and country get into a more prosperous life and modernisation. GLA
Maybe Stevie was right there is 212 tcf's knocking about and hopefully now they all want in before its too late. Come on you two give us some Xmas cheer.
Would not want to be out of this the weekend ha ha
Come on Zaza make my weekend.
With one like that you are likely to cause suicide attempts so don't think you thought this out Hull very well if you really care. We all know that it is a possible outcome but also it is possible we will survive ? maybe too many things going on in the background that still gives us hope. Deals might be going on still but also may not include shareholders? hope they do for all our sakes , lots of money invested in this venture. It would be really nice if someone from the Company could engage us. If it was all over as you say then why would they not announce something now? I don't believe it is. Please choose your subject title wisely. Bit like heading it RNS when there aint one. GLA
As I said Frontera wont issue certs and have no capability to produce them . The registrars would have issued certs to all holders and HSBC would have got certs for their nominee holdings , like I say check with their corporate actions dept if you want to confirm. I use III and they show my holding at nil value exactly as I would expect. At some point no doubt they will remove it should Frontera no longer exist. the only people to issue certs would have been the registrar. Basically you dont need one to prove your a holder. your broker has the proof if need be.
Your holdings would be in a segregated account away from Brokers own business so not an issue, the current registrars would issue a cert in your name. If you think your broker is going a bit dodgy then request a cert now and dont hold your shares in demat form in broker nominee. People seem to be making a big thing about having a cert , its only like a receipt and is replaceable at a cost from the registrar if indeed there is one. i am sure all other details around your/anyone's holding can be proved without a share cert.
Im not sure you have been given correct details HSBC would have been sent a cert for the full amount in the nominee name(s) How they hold it in your account is up to them , but you are still the holder and i am sure Frontera have a complete list of shareholders as given by the registrars when delisted. They are right they cannot get share certs as i said for individuals as they would hold one cert for all stock thats in each nominee name,they have no facilities for creating new certs per individual holder. If you wish to confirm this then ring HSBC and speak with their corporate actions department and get someone that knows what they are talking about.
I believe have said this before , but as there is no longer a Registrar to service Frontera all certificates were issued when delisted. Those that held stock in nominee accounts, your broker will have a certificate for the full amount in that nominee and has no facility to split the cert for individuals. Those that held shares in cert form should already have them. No certs will be issued unless we re-list in the UK and appoint another registrar. My view along with others is that we will not re-list in the UK but in the US. Holdings will be taken on by your broker within their US holdings facilities , whereby you can sell/buy via your broker set up. Best bet is a complete buy out and cash offer paid to shareholders then we can all get on with our lives ,or whats left of it by the time anything happens. Hope helps those with cert issues.
Didnt say all just said shareholders but get your drift and I know we will get nothing until they are ready just joining in the banter , such as it is.
Tim I assume you are reading this board with interest , can we ask you to contact Frontera by whatever means you have to get a message to the board that shareholders are very nervous and unhappy the way they have been treated. There is of course an understanding about blackout during court cases but as he has spoken in Ukraine giving out valuable information (if true) then surely he must be able to engage with his very loyal(no choice now) shareholders. It must be getting very close to a time when shareholders may have to take some sort of action , what I dont know to get some sort of communication. i think we all appreciate certain things they may not be able to quote on , but at the very least we should be told there is still a pulse and HOPEFULLY shareholders will be included should the future be bright.
Agree but if they have done a new deal then this would be classed as good news so them bu..ers would keep stum
Quite possible this has been renegotiated after what happened with YA shorting and stepping down off the gas a bit , maybe we have promised them shares in due course in liu of payment /interest ,guess we will never know until FRR disclose what's been going on. Tis an appalling state of communication , shame we cant tap someone up at YA to see if it has been paid. At least we can tick one thing off the list and stop talking about it. We also could have borrowed from one of our friendly lenders and paid them off , but better still it came from Oil/Gas sales.. GLA