Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
I thought they 'only' needed to invest 55million and drill 5 offshore Wells in the first 5 years of the PSA? As well as fulfilling whatever we had to do in moldova, 6 million? And then Georgia.....Certainly some conflicting ambitions for a company apparently about to fold. The less news we hear about Georgia the more confident I am frr are going to survive, at least as a company...
Didn't someome say TIM, who deals with FRR at YJ, is on holiday till the 13th of august? Might explain why
Sorry to be pedantic but it says at the bottom of archive.org that the calendars is simply showing when the website was crawled (indexed) by the website NOT when the site was actually updated. So the 'News' tab is very recent so well done who ever spotted that. Hopefully preparing to release something new and not something we have already seen eg: previous RNS archive or the press release!
Hating on starage is starting to get uncomfortable reading now and seems to be happening more frequently as people are venting frustration on him. I for one appreciate his contributions as they're usually new factual information, unfortunately for us it always seemingly negative new information. However, I don't enjoy his inability to resist biting on every post and suggest ignoring the more blatantly antagonistic ones!
We owe 776k to caymans lawyers I don't think we are due a dividend... Worryingly says we didn't pay them since january, Were we saving in the piggybank for YA? Feels like we're riding a knife edge...
Was it a dud DOS for yet another delaying tactic? Not submitting trying to hide the financial details from Hope as the asset is/isn't safe? Honestly what is going on. I don't think anyone has the foggiest clue!
I wouldnt ride the frr sine wave if I was you. There is a lot of positives recently but I don't see the ADR as one of them. (not to side with lightfool) Hope's side stated they weren't interested in ADR but would show good will and on the face of it. I don't think anything else should be read in to it. It would reflect very poorly on them if they weren't willing to engage. Up to 120 days is a long time for things to potentially change though and pressure to be applied to settle.
If Hope does have anything to hide, the very good news of impending discovery will certainly be playing on the back of his mind. Would this have all played out differently if we had discovery granted in the caymans I wonder.
Fingers crossed. Hope this isn't Hope participating in 'good will' like stated in the court documents. Kawalay said it was essentially a stalemate between frr and outrider. Let's hope the mediator is Mammy two shoes off Tom and Jerry, bangs their heads together and Hope's off a few tables and walls for good measure!
After re-reading Sycrics posts I'm not wholey confident in what I posted previously.
18th april frr apply to register their 50% under frr US (the one made 3 years ago)
17/05 decision made to suspend, 30 days to submit GG approval and production 'stuff' assuming that the 'publication date' is that the same as decision date which fits the dates.
18/06 no documents submitted terminating suspension and refistration - 30 days to appeal takes us to 18/07.
Would they post another document on the website to state no appeal submitted? I've lost the link to it. Was there a delay between submission and publication on there?
My understanding of the posts were that the 30days to submit the required documentation has long past, which also had the requirement of a court order to submit it too. 17/06/19 was the due date. I did mention that perhaps it was just another delaying tactic to keep Hope's mits off block12 it for a period of time while other stuff was undertaken in the background. The new FRR subsiduary was created on the 11/06/19 6 days before the 30 day deadline - if anything can be read into that.
Sorry, the impression I got from the documents Syric posted earlier today is that moving the asset had been unsuccessful? I may be mistaken as it wasn't very easy to digest. Happy to be told otherwise
Was this another delaying tactic? Since it appears they didn't submit any documentation by the 17th but instead started a new company on the 11th of June.
My understanding of what Syric posted was. It is bad. No transfer not really sure i can deduce much more from that jargon.
1059TCF is such an obscene jump the rationale part of me has to assume 'TCM' is a typo Shirley.
Bloody hell another potential court battle. I'm not really in the business world, so maybe they're just like water off a ducks back to Zaza&Co. Definitely indicating some big goals for FRR's future, which i'm very happy to hear exists - even if it is second hand. On the face of it seems bizzare to keep hearing about Ukraine of all things, when us mushroom shareholders have convinced ourselfs there are much bigger fish to fry and immediate problems to tend to. There is a lot more going on behind the scenes than any of us know or can predict and hopefully, we will looks back in a years time and realise how far from the mark with speculation we were actually hitting for the last 7 months.
Bit depressing to see him making statements to journalists rather than little old us though. Can only take this article as positively good news though imo
Devex has stated they have been contacting periodically without success
Jesus. Main things i took from that at this hour is that discovery hasn't taken place and this case is set to go into May 2020.
' The parties have discussed and considered entering into a stipulated ediscovery order, but at this point in time have not agreed on the terms of such a potential order.
The proposed discovery plan pursuant to Fed. R. Civ. P. 26(f) is as follows:
(a) following initial disclosures, the parties will mutually engage in written and
document discovery; (b) following initial exchanges of documents the parties will
meet and confer to determine what, if any, e-discovery may be required; (c) upon
completion of written, document, and e-discovery, the parties will conduct
depositions, commencing in early 2020; (d) fact discovery will cut-off on March
31, 2020; (e) expert discovery to be completed by May 15, 2020.
There are no identified discovery disputes at present.'
Not only that but FRR are looking to settle all disputes in an ADR process starting mid November and ending mid may 2020 but Hope currently is not interested:
'At present, Plaintiffs are willing to enter into informal settlement
negotiations pertaining to their claims in this action as well as a global resolution
of all disputes between and among Plaintiffs (and their affiliates and subsidiaries)
and Defendants (and their affiliates and subsidiaries). Plaintiffs believe that an
early settlement process may assist the parties in avoiding unnecessary expense in
this litigation. Plaintiffs believe that written discovery and deposition of Mr. Hope
will disclose key facts exposing Mr. Hope’s alleged breaches of duty, conflicts of
interest, and misrepresentation, which would likely impact the parties’ relative
settlement positions. Plaintiffs believe that the parties are required to participate in
ADR in good faith, and will be ready, willing, and able to participate in ADR, in
good faith, whenever Defendants are also ready, willing, and able to participate in
ADR, in good faith.
Defendants assert that, based on numerous failed settlement efforts in the
past, Defendants’ inability to gather basic operational and financial data from
Plaintiffs, and distrust/acrimony between the parties, including with respect to the
Cayman Islands Action, formal dispute resolution would not be productive and
would only delay final resolution of this case. Accordingly, Defendants are
presently opposed to ADR, but are aware of the Court’s local rules on the subject
and will participate in good faith ADR as may be ordered by the Court.'
Does Zaza know there is something to find or is it a very risky 'hunch'. By May the DOS will be up. Is this just truly noise?
I thought taffy said that one of the documents posted was just a recipt for the 1000 paid... Shows how credible and baselss his arguments are (assuming I recall correctly)
You can guarantee lightstep has already posted it on advfn as fact because he is as predictable as he is stupid.
Are there any other kind of woman??
Did a little research, Lasmo is defunct as of 2001?
The 19billion was a joke...