Member Info for Goit

Why are you still keeping up this facade of being a 21 year old...

The 150mil finance doesn't sound like a dire last resort to me, that money is obviously intended for much more than debt and relates to all on the ground/partner operations we haven't been privy to. If we were absolutely desparate and block12 is worth multiple billions and on the verge of commercial success (like we are led to believe) then surely, as a last resort they could take on some precarious, very high interest financing simply to satisfy OMF notes? With all these 'friends in high places' they could do a little whip round. If zaza already offered to chuck 5mil in, that's 1/4 of it. Admittedly I'm not well versed in company financing and risk.
Going for 150mil loan doesn't sound like a company worried about fighting for it's very survival and perhaps this plan B of moving the asset is much more water tight than we think.
Then again, could just be showing ourselves to be operating as normal and future viability to the court!

I thought that initially but why is the language in the defense statement so extreme- paraphrase 'Stop Hope liquidating assets and plaintiffs are destroyed' that does not sound like it is referencing to the 5%. The lawyers are very good at melodrama or are they talking in terms of destroying the subsidiary?

Everytime some new information comes out it seems to fly in the face of all the speculation before. While it has been fun to read and appreciated, I think it has probably added to the mental stress of the situation for most people with a perpetual rollercoaster from total annihilation to Hope is boned, we should of had at least 3 OOC by now. They do say ignorance is bliss and perhaps i should of waited for the final outcome, instead of lurking this BB nigh on everyday like some addict (i'm sure i'm not alone) waiting for another piece of incomplete information to be released and the speculation to follow.
If I didn't have so much at risk, I'd say it was borderline exciting to see people post a new document release! but will be glad when this phase of lse FRR BB addiction is over. At this point it does not serve any real purpose to be negative about the outcome so, when we survive and thrive, be sure to go over to ADVFN and un-magnanimously gloat and pat each other on the back - it's only fair they share the glee!

Cheers AJ. It would be nice to see if Kawaley puts any of his own spin into the write ups though or reveals any more tidbits of info than we know.

This bit is interesting.
Counsel for the Cayman Defendants attempted to get Plaintiffs to agree to dismiss the Cayman Islands Action with prejudice. (Id., ¶ 3, and Exhibit A). Plaintiffs refused, asserting that Plaintiffs “fully stand by and reaffirm
their claims as made in the” Cayman Islands Action, and that Plaintiffs reserved their right to re-file such claims and any related claims. (Id., ¶ 4). The Cayman Defendants quickly capitulated, consenting to Plaintiffs’ discontinuance
without prejudice.'
'quickly capitulated' Or is just standard proceedings for the defendants to try it on to show their 'innocence'?

I'm not jumping on the hypewagon at the minute, I seem to remember previously everyone saying Hope had failed his fiduciary duties for dead cert, regarding his financing denial - only for Kawaley to 'robustly' find at the time, with the evidence given, that was not the case.

I'm hoping the discovery gave FRR some substantially bigger rocks to throw at Hope and maybe even a grenade or 2

Does that mean we can expect no writes up of the last 2 cayman Island Court appearances?

No one knows, try reading the bulletin board for the best speculation. Seems to be a damage limitation measure to prevent overkill on the note recovery . I'd take 5% over 100% any day. Your posting is very erratic

while everyone kicks and screams on here and wait for some more objective info to be released.

Not be devil's advocate here.... but the fact we are selling millions of dollars worth of oil out of what outrider are claiming should now be their assets, could be the 'transactions materially affecting their collateral'?

Also what happened to 'they can't take the assets without GG stepping in argument' which is what we read in Kawaleys notes previously? Has something changed?

I don't think that is him. It is also the same picture for another Stephen Hope on linkedin who is Vice President, Corporate Controller at Autodesk
San Francisco, California
Computer Software

I have/had some LION shares but i've been pretty pre-occupied with the FRR debacle (which has a much larger share of my portfolio) to keep up here and when i have checked i didn't see the answers i was looking for. Things are looking good seemingly on seeing a return on my investment. I'm hoping I have to do diddly squat and my shares will resurface under Tally? Barclays never contacted me like they did with FRR saying my shares had been booted out of my Share ISA, so will they relist back in there?

Cheers for any info!

Ha, I was kind of pointing out the hypocrisy as he has filtered people for less negative comments than the one he just posted!

Who is this deramper called RainbowRider? Only 2898 posts in 1 year - clearly a fake account sent here from Shareprophets

I'm going away for the weekend so that news has definitely put a skip in my step! Will we even need the Durham loan if we're taking OMF/Hope to the cleaners ;) I'm sure like many though, would prefer a OOC to get this show back on the road ASAP

lol imagine having a 500 million share short open and relisting with BP deal etc.....

Not sure too much can be read into paying 50k for that quarter. Apart from we have the money to pay it. They have to run the business as usual looking forward, even with this ****show going on in the back ground

I was bored, I checked.....Some high quality posting and intellectual debate going on there...

Kids and grandkids are many peoples raison d'etre after retirement. Otherwise you become sad and lonely and end up haunting share forum message boards with utter tosh.
What an absurd statement, implying that not having children is the 'intelligent' thing to do

Just a reminder of malcy's comment
'A lot has happened with Frontera in recent months culminating in the announcement yesterday that it is de-listing from Aim. As I understand it the company are in ‘business as usual’ stance as the operations on the ground are very much in full swing and I suspect that this is not the last we have seen of the company.

Shareholders, I am told should sit tight, there may be a consolidation of the shares but they are still very much worth holding on to as a re-listing is very much on the cards and I understand that shareholder meetings etc will carry on. The court case can be attended to and the financing put in place, on the ground they are working with potential partners of significant size in Georgia.'
I know its not straight from the horse' s mouth or officially released but what does he stand to gain from lying? Substantial reputation loss. Why would he tell shareholders to hold when ultimately it has no baring on the company at present.
I like to think that Frr were fairly certain that the worst outcome from this court battle was always going to be paying off the notes in full (while there is some speculation it could just be over the 2mil interest payment) . However things became complicated and elongated when Hope sneaked in the injunction which was removed. Whether or not this delay has weakened frr's position we don't know
It seems illogical and in fact, totally irrational to risk a company and asset on the verge of greatness for a 2 million payment. And if that is quality of the decision making of people running AIM companies, sign me up to one now.

Yes, it seems very likely and plausible that he would apologise through another poster on the forum, instead of doing it using his own account.... You're not affecting the sp, no one is selling up. Not really sure why you're here posting - about as welcome as a fart in a lift, probably a reflection of home life with wife and kids I suspect.

Is there any reason kickmuck has to post through an utter prat on the forum? Has he forgot how to use his own profile? Sounds unlikely, bore off.