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but before they can extend the PSA, they will want to see the liquidation process complete and the 5% returned to GG. am i correct in this thinking?
perhaps Zaza encouraged the protest to show the bureaucratic delays are harming the folk on the ground?
Always been intrigued by a few posters that give off impression they know more, B-2-0 is one of them. Last comment from him/her was end of July and would fit the script:
"Asset to be transferred to Frr Georgia, Frr Texas holding company, new share capital injected from 3rd party farm in, existing share holders receive shares in Frr us. Other Frr companies liquidated and debts settled. Resolutions passed - it is time to fly after 20 years, get strapped in for take off B20"
B-2-0 - care to update us with your thoughts?
if the arbitration had gone against i'm sure it would be all over twitter. If a buyout had been agreed i'm not sure they would be rushing to linkedin to look for another job. However, a JV/farm-in would mean folk having to step aside with new people coming in plus the commercials of a JV/farm-in may not provide instant cash bonus hence requiring another job. just musing but not quite as positive as i was yesterday!
I asked them to deny my theory that they know something and they didn't...they clearly do! Now Tsbs who laughed of my ND(A) theory is in the know!! I take it is as a positive but just wish this was over!!
I agree - time for update. I'm almost certain those that run FSHG know something but cant disclose it...they haven't said anything for over 2 weeks and others have indicated they know what's happening. I'd be happy with a 'we have been in contact with FRR but due to the ongoing case we cant share anything' update from them. I suspect we wont even get that...I wait to be proved wrong but last time i mentioned it none of them posted to deny it!!
My ii shares havent moved anywhere...still showing in trading, isa and sipp albeit at zero value. If it relists I'd expect them to show value and could sell isa shares tax free. Not sure how that works if its an rto as some have suggested might happen. Wouldn't have thought it would be different though
So Zib, and so I can sleep really well lol, with this intel you have give us a price we should expect on relist/buyout
As do FSHG I reckon as they haven't said a peep in weeks. Maybe they'll say something to deny my theory so i can get back in my box lol. Silence may perhaps be golden...
Ok perhaps not an official NDA but I'm certain one or two on this board have been in contact with frr, not with details but a nod or a wink (grasping at straws again lol)
Also the shareholder reps have all gone quiet on the boards...I'm beginning to wonder if there has been communication from frr but they have put them under a NDA???
I'm assuming they wont go back into my isa automatically but they still haven't left my isa. Still showing in my isa account...wondering why?? Maybe they cant cos they've been lent out
Good article MP and something I suspect has happened with my iii shares. They haven't moved from either account nor have any share certs been issued. Board advice used to be to set high sell limits on them to stop them being lent but iii over a year ago changed their policy to only allow a sell limit of 50% of the current price!! If FRR relists with a deal someone's getting screwed!!!
Maybe all this was expected and we had to go through all this rigmaral to scare hope into resiging so we could move the asset. So plan B is pay hope off in full or let him liquidate the 5%
Love how shorters are now admitting they are infact short lol.
FRR have all bases covered. They've moved the asset, got the funds to pay if required to and just as importantly precedent shows hope is in serious legal trouble. He might be able to liquidate 5% which was deliberately left to show courts FRR aren't trying to dodge payment but he cant sell the asset. Meanwhile work continues on the ground.
Still believe imo this will come good.
My iii shares haven't budged from their ISA...given others have had share certs sent to them I beginning to wonder if mine have been lent out for shorting!?
The shorts makes sense and must somehow tie in with why YA lay down and took the restructured payments. They will be providing evidence imo
Question is though if the license reverted to GG do FRR have to hand over all the intel and IP they have gathered over the 20yrs. Yes GG can negioate a new deal on better terms but they stand to lose alot of intel on the block. Makes sense that they want FRR to maintain the license and bring in the big boys to expedite it
Sounds like an excuse to me. Spike has never been positive about frr. Do as I did and take a photo of your screen with you mobile without revealing personal info...simples
If they do transfer what cost price is applied. Do they go over at the delist price or what you bought them at originally?