I don't doubt for one minute that if there is a takeover then crest will apply all the cash/shares via Crest instructions and your broker accounts will be credited accordingly. All guess work still but could be a mixture of cash and shares , could be nothing , could be just a relist via new Nomad and of course expect consolidation. Could be new company called Frontera Ukraine/Moldova ski.
Whatever it is its bloody time we got going before Block drain it all. GLA
Already sent them a mail couple of hours ago but not expecting an answer , will post of course if I get one either way.
Perhaps YJ could get an answer to this question if they have been paid final payment or not and that can we forget about YA now as paid in full. Of course FRR may not wish to disclose this payment in the middle of court case , we can but try , anyone know anyone at YA to get an answer ??
There may be some substance in this as if in league with BP this may result in a complete buy out of Frontera Georgia and thus no certs will be required and all registered holders would receive the cash offer.....In my dreams this take over has already been agreed and awaiting the final ink to dry/or court case to be completed as may affect terms of the offer. All in my dreams of course but not totally out of the question. Come on Zaza give us something to be happy about ,been skint and miserable for years now.
I am 100%sure that they do and would have received updates from Computershare on a periodic basis and especially once the register was frozen. Computershare also would have the list but will not divulge any information as I believe it is controlled by FRR Caymans. If we are going to relist I would expect Frontera to have put CS on hold and freeze the register until relist date and then every holding will be re-instated as it was via Crest updates.
Good luck, I am sure they can confirm your holding otherwise you can ask what they did with it.
Also sure CS would not have sent out certs.
On a favourable outcome for shareholders, as has been mentioned before, expect this to relist on another exchange or may even remain private after buy out from BP thus special payout to shareholders and Computershare not required anymore. This will give Frontera monies to go explore in Ukraine and Moldova. Well lets hope thats what happens. they may then resurface at a later date ? who knows lots of potential outcomes.
My guess is that they have put them on hold until any re-list my broker still shows my holding and so should yours. What did they say about your holding , its been delisted but they still hold the records for your holding.
Then asking Computer share would be of no use as they are held in your broker nominee along with many other no doubt. therefore your broker should be able to confirm you still have a holding albeit a delisted one. Neither Frontera or CS can confirm only your broker. If you an online account then this holding should be showing in your portfolio.
Do you hold your shares as certificated or held by your broker ? thus shares would be held in the Nominee account and not your name , your broker should be able to confirm your holding.
I dont believe for one minute that brokers lend any holders stock without a prior agreement being signed , and this would only normally be large institutional holders which I believe we have none. If anyone can prove otherwise I would be most interested. Most short sellers on Frontera would be using CFD's as it would be unlikely they could source any stock to borrow. YA and possibly Hopeless may have sold short shares that they did not have and got caught out , both because they thought shares would be issued by Frontera to them. I also doubt there will be any certs issued until we/if re-list. Computershare would have a full list of holders which would easily be made as a live register should this happen.
What date will be applied as start date for the 12 months , when lodged? when accepted ??
Probably be announced later ??? lol
Russia's Deputy Foreign Minister Grigory Karasin and Special Representative of the Georgian Prime Minister for Relations with Russia Zurab Abashidze met in Prague on June 13. The sides discussed various issues related mainly with trade, economy, humanitarian and cultural aspects of bilateral relations.
Grigori Karasin said before the meeting that Russia is concerned about possible accelerated membership of Georgia in NATO. According to him, it will affect the country’s relations with Russia.
“US Secretary of State Mike Pompey has openly stated that Georgia’s NATO membership should be accelerated. To our mind, this will have catastrophic effects on our relationship”, Deputy Foreign Minister of Russia stated.
Prime Minister's Special Representative for Relations with Russia Zurab Abashidze responded to the statement made by Karasin about Georgia's NATO membership.
“Russia should not talk about NATO-Georgia relations in a threatening tone”, Zurab Abashidze said.
Abashidze believes that NATO-Georgia relations are the country’s sovereign choice and no one has rights to dictate or change its diplomatic course.
“Our relations with NATO and other international organizations, this is our sovereign right, sovereign choice. This is totally unacceptable for us when Russia’s representatives make some statements in a threatening tone,” Zurab Abashidze stated.
Georgia wanting more US investment , well you have it just bloody support it , how about a tax rebate for starters
Oil companies always need cash flow and dont suppose for one minute they have a deal that covers Moldova and Ukraine potential expenditure. Plus being listed gives access to capital markets/getting more institutional investors on board etc etc mind you if BP buy us out then who cares , special payout to shareholders and FRR march on to new ventures ie Moldova/Ukraine thx alot I'm off to sunshine isles
Having signed the document they in my opinion have already either secured finance or a deal has been done. Dont see they would take the risk if not 100% sure. If we relist then its goodbye to the short position holders
Consolidation on any realist coupled with good news we may have a flyer , institutions will start to invest.Gla
Face value if we read correctly this is great/fantastic news as now can see no reason why we can’t progress to relist and get some positive updates from the Company re JV/FO flow rates, updates on wells etc etc. Certainly looking in a better place now and advantage longs , shorters beware, any resisting price could be much higher than the delist price with the expected updates. This box is defo not empty. Good luck to all, come on Zaza throw us a bone now...please
Just to confirm which has already been stated YA should be payed off 1st July with amounts of US$149600 and US$2141700 , lets hope we got that much liquidity in cash flow? or we do have the option of payment in shares although not sure how that works if delisted , assume they can still issue shares in the Company but would have thought YA would want confirmation of a relisting at some point.
Lets hope you are right , I cant believe that this person has been allowed to get away with a seat on the board purely to rape and pillage the company and to stuff shareholders , it is so obvious he only had one agenda and that must be legally wrong. What I cant understand is why is he allowed to liquidate anything until this issue has been sorted , they are very heavily linked so both cases should be heard together and the outcome should be this parasite who heaps misery upon the everyday people should be put away and never allowed to trade/fund manage again. its all very well buying distressed assets but to then underhandedly try to stuff the company /shareholders by any means is criminal and I hope he pays big time. Rant over back in me box...which is now very empty.