It will be a one liner , “ SOLD “. 50p per share to all shareholders.
Sorry must have been dreaming.
If this does ever re-list my guess it will be in the states and could possibly have a dual listing in the UK. Revalued and consolidated with "Major" support and a darn site better price than it de-listed at.
There will be no share certs unless we re list in the UK and appoint another registrar , and also no way of getting any issued until this happens. I also don't believe short CFD holders have been paid out , so good luck to them if we ever do relist.
When and if this ever occurs we await with baited breath and communication from the Company.GLA
Come on Zaza xmas is coming and not sure how long I have left to treat the grandkids. Please lets have some info soon.
Just to add if memory serves me that there will be tax implications if they sell within 1st 5 years so would guess any shares taken up would be held for some time ,therefore not a stop on the share price rising unlike YA selling into any rise.
Guessing we must be at least half way through selling the 60926076 by now , look out for the magical number ending 6076 , do expect they will convert another batch as we move up to the next level though, keeping a lid on it until production figures are out.
Thx for posting that Tim lets hope we all come out of this mire very soon and back to normal trading/investing. If you do have any conversations with FRR please advise them to talk to their shareholders , the people that helped this Company survive over the years. We deserve something.
I would love his job , nothing to do and nothing to say , yet still get paid I would assume , Zaza if you are reading this I will offer my services for half the pay to help save the company more monies
I agree we should expect some sort of comms from Zaza by now even if he just says something that is not any threat to any of the court cases taking place. He has probably been advised to say nothing but hey! we have helped keep this Company alive through the years and deserve some sort of update now. If anyone who reads these boards and has any link into Zaza then please get him to respond in some shape or form or failing that put us out of our misery and tell us you will not be part of any future plans of Frontera and then I can increase my medication to offset. Would like something before I peg it please. We have all been patient enough , more than enough , I cant wait forever and neither should any of us. Rant over back in me box. The full one not the empty one.
Can recommend also, as already read it and having been to Russia a few times I can believe the issues he had to deal with and that we also have with Georgia with Russian influence , a must read.
As far as I am concerned you wont get one as when the register was frozen certs were sent out to the registered holders , in the case of III they would have a nominee holding including yours and would have received a cert for the full holding inclusive of anyone else holding their stock in demat form with III. Dont worry they should still be showing your holding on your account and any relist will give you back your share holding in whatever form it may take. Various options are possible.
Hope helps.
Not sure about that if we have backing from BP, or possibly a buy out from them anyway ? we can only wait and hope they relist somewhere and quickly , may be a whole new Company exploring in Moldova/Ukraine ? Doing my head in for the last 7-8 years
You will still a shareholder in whatever form it takes , it could consist of a multitude of corporate events i.e consolidation / cash offer / cash offer plus share in possibly new Company. yes you will pay extra for dealing/trading shares on an overseas exchange and yes monies will need to be converted to sterling for credit on your account should you sell up. Your broker will provide all those facilities at a cost. CGT only payable on your profits as per norm. An example of this is Matra Petroleum another dog of a share now suspended , they went from AIM to Swedish exchange and was holding Swedish line of stock after transformation from UK equity. Wish I sold when they did but would still have been a big loss for me so held and now look at them. Do not compare this value with FFR different animals. If I sold my broker would take care of the sale and convert proceeds to sterling all at an extra cost as classed as an overseas deal. Of course all exchanges charge different costs , and should we relist somewhere then these costs can be attributed and will no doubt be advised by your broker whom you trade with. Hope helps.
Do NOT expect to be involved anymore , sorry missed a word out. Thus my belief relist will not be UK market
Ok hope this clears up a lot of things for everyone and of course different brokers may hold your shares differently.
Computershare registrars no longer act for Frontera and certificates have been sent out to all registered holders (if held in nominee account then your broker will have received one certificate for the whole holding , they nor Frontera can issue individual certificates) Your holding should be shown still on your broker account with a nil value until such time a decision is made either to relist on the UK market or indeed elsewhere. When and if relisted your broker will apply a value to your holding whatever is deemed appropriate by the company and the subsequent market. III my broker continue to show my holding which I believe the true way to show this until such time relist or closure has been decided, Computershare do expect to be involved anymore with Frontera , which leads me to believe this will (hope) relist in the states and holding will be created in due course with a market value. Just need Frontera to speak up and update us...ha ha.
Hope helps.
Sorry think I miss read it,doh
They delisted cos the nomad resigned they didn’t choose that route , well so we led to believe.
Only joking lol