Member Info for DevonianExile

I wasn't going to post but decided in the end to update.
- FSHG signed up members collectively have around 4.5 billion shares. Whether all actually feel "signed up" is probably debatable
- We have tried 7 or 8 times - as recently as 11th September - to contact the company. We have not been successful.
- We said all along we will only contact the 520 or shareholders on our database when we have tangible information. We don't as yet
- We have one or two lawyers in our midst who have offered advice and comment. The facts of life are that this is now a US HQ company, registered in the Caymans and operating in Georgia. London at this point has very little to do with it - no assets, no office and no resident directors.
- Unlisted Companies registered in the Caymans have very few rules to comply with regarding shareholders. It is all on the web if you look for it
- However the Articles/Memorandii do require shareholder approval if significant change to structure is required - eg to the
authorised share capital. At some point there will have to be contact - most likely when the legal mud has cleared
- Frontera is clearly still alive and kicking - somehow. If there is a potential "Resurgem" moment the general view of the FSHG team is to make sure we don't jeopardise it

Back to my box

Interesting that LSE can't stand the words Share Prophets - hence the *****************!!!

Many will share the sentiment

Ha ha – I see Tim Kempster has caused a stir yet again – first time re QFI to my knowledge.

Some holders will be well aware that he is a well established part of the Winnifrith/************* shorting cabal – albeit a rather second rate member (as his Companies House record suggests).

Tim operates under various aliases – eg LogLorry on ADVFN – and generally retweets the words of others. Repetitively. He has also been known to attend company presentations on occasions supposedly as a shareholder - but most probably holding a short position. He is not averse to complaining to the FCA Market Abuse team in order to undermine confidence in his target companies.

He is in cohorts with another arch shorter, EasyBrent, who is believed by those in the know to be none other than ex ************* director Darren Atwater – Winnifrith’s head chef and Pizza maker.

I could go on – it is all out here if you can be bothered to do the footslogging. Any emotional distress that Tim suffers is almost certainly a big positive for the company involved – he thrives on the success of short positions.

Rare visit from me. I was just reading some of the stuff about a certain poster claiming they have successfully taken action against the Nomad. As one or two know I have reasonable good connections with some of the key players here and whilst I wouldn't normally comment there are occasions when you have to.

Whatever is going on with the vacuum that is FRR I can say with great confidence that no-one has taken legal action against the nomad, let alone get a financial settlement. The odd complaint maybe - but nothing more.

Which is a bit of a lesson as to how some posters can lead others right up the garden path. Fortunately there enough out there who have met me - I suspect no-one has ever met those that make these particular claims. I'll leave it to others to draw the conclusions regarding motivation and honesty.

Rare post from me

Have to agree that this is a very clever deal – and one that could only be achieved on the back of strong confidence.
Bergen is a relatively small fund – and the modus operandii almost certainly revolves around identifying strong opportunities and then introducing their investor list to the opportunity. They cannot afford to make too many mistakes – so to take such a significant upfront risk implies serious conviction.

To get your head around it just think about the process. The small team – Bergen BoD included – review the opportunity. They meet with the QFI BoD, do site visits, basic research, certainly secure independent technical advice, and almost certainly meet with some prospective customers. They then agree to this in part upfront funding, and sell the opportunity to their investor list. A big leap of faith in my view – which should give all holders confidence.

Concurrently they offer existing shareholders a new offer designed to reward longer term holders – their way of saying “stick with us, and thank you for your support”. I have no doubt in my mind that the offer will be oversubscribed, and it kind of messages that this may be your last chance to board the train.

As for the person/s who said this is death spiral financing that is sheer drivel. This is funding based on confidence from both parties – and I think very clever. Still risk of course – but a lot less than on August 22nd in my view

Contra - MailChimp didn't like icloud or me.com addresses but I thought we had updated manually. We also sent a separate email direct to your icloud address (from our gmail account) after you flagged up the problem - so not sure why you didn't receive it. Can you email fronterashareholdergroup@gmail.com again.

Puddy - no more info than you guys - any comment on current ops is a guess

Can 100% assure that we have heard nothing whatsover

OK - looks like a few emails were lost in the transfer from GMail to MailChimp. Trouble was there were duplicates as well so difficult to reconcile. In all 509 people should have received the email

Will cross check tonight

We are all still there - but until the company is able or willing to start communicating we have decided to go into "dormant" mode. We have no more info than anyone else, but if we do come out the other end of all this the company will need to engage and indeed will have to gain support for any key resolutions that need to be agreed.

We will bide our time until that situation arises - with over 500 shareholders on the database holding around 28% of the stock (ie around 4.4 billion shares)

On a personal level I remain cautiously optimistic. All sorts of reasons - but signing the solvency statement has to be either unbelievably rash or a bold and very clear statement of intent. I do believe we are in or very close to the end game here. Apart from that very happy to read other peoples posts - especially those who have dug so deep.

ODR - we are kicking the tyres over the weekend as to how best make further attempts at contact (both company and YJ), and of course have already tried a number of different angles. We will of course update once a contact has been reciprocated

However we still believe they are unlikely to respond until the court actions allow.

FYI - just to add that we also have to find a new mail out option (we think we have one). The contact list is now seriously extensive and Google Mail puts blocks on the size of recipient lists that can be used in any given time period - plus a few other complications linked to content and attachments used. We have sought some expert IT advice and think we now have a solution that ticks most requirements - particularly protecting personal data

The real Dev is a Janner (the locals will know what this means). I am a Janner. Tis truly me

Hi Prodigy

Haven't posted for a while - same reason as everyone else! However I can assure that from time to time we have tried to prompt the company into providing some sort of update - either directly or through YJ. However YJ have been pretty clear that no response is expected until after the court and related processes have worked through.

I can also 100% assure that the the YJ account is real - usually (perhaps always) scripted by TT.

Awacker - have just tested the email address - is working for me

Alternatively try fshgvalidation@gmail.com

Qosnil - apologies but can you send again quoting your Board Name - saves having to wade through over a thousand emails!

No crack, no news, no contact from company. And no further info since the update after meeting with YJ

Also - not expecting news until the court stuff has worked its way through

All I can say is that TT has been contacted by quite a few PIs - he does inform them of FSG and how to contact.

FinnFCR - Just to say that we wrote to Zaza before we saw TT, and when we met TT he had spoken to Zaza the night before.TT was fully aware that we had written to Zaza, and Zaza and TT had discussed FSG. Both are fully aware of the set up and the intent.

We (ToT and I) left TT with the clear expectation that there was unlikely to be any news or company contact until after the court proceedings had concluded. TTs expectations were for an out of court resolution of some sort, and this would take some time to work through. He said the timetable was impossible to quantify.

On a personal level I have taken some heart from the fact that there have been no further court schedules since the stay - and talking to lawyer friends they suggest that this could well tie in with an OOCS schedule.

We occasionally prompt TT - but in reality he is waiting for the company to say what happens next as much as we are. As with the 2016 sequence we heard nothing from August onwards - and then in late December out came the 2020 note announcement.

Just to say that we continue to receive a steady stream of applications to join FSG (some of which are regrettably clearly suspect). Please also note that in order to ensure consistency the validation admin is done by just one team member who currently also has a very high personal workload including overseas assignments.

Given that we are not expecting to add further updates until clarity emerges on the Court issues, it may be some time before we can again confirm the now rather large database (and we are simply not resourced to send out individual confirmation emails) . We are hoping to catch up over the weekend but the next test of the database will not take place until we have a further update.

Please also note that we will only accept applications from those who actually own shares in the company either directly or via a nominee account.

Hope everyone understands!

Definitely one or two "unusual" applications coming through!

Just to say there has been a big increase in emails today. Hence the admin team are a bit stretched at the moment - and do have other things going on as well! Hence you might see a delay before membership enquiries are processed - please be patient.

Also please note we are not prepared to compromise on the validation process - hope everyone understands

Hi Emblaze. We accept that even providing documentary evidence doesn't guarantee that all members are who they say they are - and we are over 450 now. Rest assured that we will assume that whatever is put into an email runs the risk of being shared - and in the interests of transparency we will precis content for the boards anyway.

We don't seek and don't expect to receive privileged information, but should the now private company wish to engage with a shareholder group on an adhoc basis then all well and good. You have to start somewhere and see where it goes.

(Whilst I am here can I also say that with such a large membership we simply cannot get into everyday one to one email exchanges).

FinnFCR - just to say we are endeavouring to tie up with both. When we have something to report we will.

That said - I sincerely doubt that Zaza is going to respond to anyone with any substance until the court processes have been worked through