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Anyone seen a court case date yet we have been told its in january ??? if a nomad is reappointed the company cannot be delisted
link to grand court , caymen https://www.judicial.ky/courts/cause-lists-all
pophead My take on it is that hope has not filed his defence or we would have heard something by now about that so that leaves a settlement out of court which is positive for FRR and a good result but it will be less stressful if we get news soon of a court date and after a nomad hired before 24th january
pophead Thats why i said can anyone find out if hope has put his defence in the date was by latest 28th december ? i also said that you would think FRR would have told us he had or the grand court would have informed FRR that he had, and seen as though we have not heard anything so far then i am assuming he has not put his defence in , so can anyone find out by either ringing the grand court or emailing them or finding out on internet ?
hope was susposed to file defence by latest 28th dec its unknown if that has been done but you would think if it had FRR would inform us or grand court would say hope had done it , the injunction is in place still as i see it so hope cannot cash in 56 million dollars while the injunction is in place that injunction is to stay in place till after the court hearing due to be in january but no date as yet dont know if anyone can find out if the court hearing date in january has been decided yet ? but a nomad needs to be appointed by 24th january or FRR will be delisted BUT saying that if we are not getting conned here the court hearing will be before 24th january and on positive conclusion of the court case a nomad would be appointed once a nomad is appointed FRR will stay on AIM listed , my view would be that FRR once successful in the court case will appoint a nomad immediatly after the case thats if the case comes before 24th jan , but i am concerned that i have seen this before with other companies cheating investors out of money on the cusp of good news only to take the money for themselves once the company is delisted i have seen that more than once , one way forward is to share costs to appoint a nomad ourselves if possible so that the company cannot be delisted if its found that the company wont do it as them been in on it , unlikely but possible ,this would need to be done by latest 24th january with the consent of directors this would be a last resort to stop delisting feedback on whether that could be done appreciated ?
the nomad resignation was because they made a balls up that let hope to mess frr up that has led to this , i am hoping that a new nomad be found within a month or FRR will be delisted , i remember a company called cambridge mineral resources CMR that did the same thing about 10 years ago and its a co incidence that just as they were about to release a big discovery and a new mining operation in spain that i believe on purpose they delisted so all the profits went to the owners of the company and not investors , i do hope that this is not the case with FRR but it seems the same here on the cusp of big news if no nomad is appointed within a month FRR could be delisted absolutly discugusting what has happened and should be investegated and if found criminal acts all investors should get money back by AIM , as they have got enough money to do it and should regulate properly but dont !
arsenal in answer to your caymens court of appeal only sits 3 times a year next hearing is in january for FRR READ BELOW
On 18 December 2018, the Grand Court held a hearing regarding injunction granted on 11 October 2018 and, on 21 December 2018, ordered that it should be discharged, however the Company is going to appeal that decision with the appeals court. The Grand Court also ordered that the injunction should remain in force until the next hearing, which is to be listed in January 2019.
https://www.lexisnexis.com/uk/lexispsl/corporate/document/391388/5RTP-F991-F187-N309-00000-00/AIM-Rules-for-Companies%E2%80%94Rule-1%E2%80%94Retention-and-role-of-a-nomad#
also FRR has 1 month to appoint another nomad , it looks like it was cairn financial that has f.cked up and thats why the nomad has resigned as i am reading it that way , and FRR will hopefully get a RNS out soon saying they have appointed another one
the nomad i believe resigned not because of hope getting to him , the nomad resigned because of rule 1 of AIM , i think it is because the shares were suspended and rule 1 states the nomad has to resign in this case , i might be wrong on that but i think that is the rule , whichever it was because of rule 1 of aim that the nomad resigned
the injunction against mr hope and outrider is still in force until the next hearing in january so they cannot do anything till after that so if it gets upheld in FRR favour on the next hearing in january mr hope and outrider cannot do anything and SP will go up also criminal charges should then be brought to them and the company will have the 56 million USD in the companies safe hands again and if the 2nd major has signed and an RNS comes out confirming it then along with flow results we could be over 1p easy, so we will see. anyone who is out right now could well miss out unless they get a chance to buy in before all that which i dont think they will have a chance of getting in , things could go either way but at least there is still a chance there for investors
a takeover could be on the cards one of the majors could do a takeover and at this SP price they would get a bargain , i think if i was the owner i would accept 1p even though i know sitting on the assets its worth alot more but it would solve the situation , Also we were told that a train load of oil was leaving to get sold every 6 weeks and also we were at least producing 250 barrels of oil a day , what i cannot understand is why get a loan when we are supposed to have income from oil right now .
for many long time holders the pain of many years of ... is it gonna ....or is it not gonna .... we will see quickly . if there is real justice frr will win and so will the long term holders and the rest of the investors . i have seen many underhanded things in my time this is one of them , but it could still turn out ok ! merry christmas and lets hope ( not the ex director) its a happy new year
so riptonk lets put you in a senario , there is a house for sale for 1,000,000 pounds sterling by what your saying you will buy it , does not matter if it has got damp or wood rot and is built on a flood plain or is going to be demolished in 1 years time , or even its history or future your not bothered and you wont argue about the price you will pay 1,000,000 pounds and you will dismiss experts telling you its got wood rot and damp and that its been getting flooded every 5 years and insurance wont insure it , and that its took 5 years to sell it , what me and retirby are trying to tell you and with this example is that there was not credible information when that vote took place all you leavers have the same arguement "a vote took place " therefore we stand by it and it does not matter there was no credible information , but im sure you will have studied FRR before buying it yes ? i still think its going to get down to NO DEAL OR REMAIN and THE OUTCOME WILL BE TO REMAIN !
dulwichman A FACT AND NOT fiction that you cannot dismiss is that after uk leaves the EU it is A FACT that uk will have to do alot more EXPORTS than imports and to do that THE POUND STERLING WILL have to be LOW AND COMPETATIVE to get the orders A FACT NOT FICTION that YOU cannot get away with, therefore the sterling you have now when trying to retire or live abroad will be less value , AND i wont even go into the airline costs lost , and fishing wars we used to have with france and spain and others , jobs lost etc , AND THE FIGURES YOU are coming out with retail etc ARE PRESENT TO PAST YEAR NOT FUTURE , and also dont forget TRUMPS TRADE WAR i dont blame him as trump is doing ok with the US economy as i always thought he would being a businessman NOT a politician background , but THAT TRADE WAR is what the uk WILL BE going into when we leave the EU , I ALSO DONT AGREE with the immigration policy we have had with EU but there are better ways of sorting it out than leaving the EU as eventually the EU will have enough of immigration and will do something about it as some countries in the EU are doing now such as hungary who will not let anymore in .
offtheball i am sitting in a hot climate pattaya , thailand and am in thailand and philippines for 6 months so i will be sitting in a hot climate at christmas and new year , and valentines day and easter etc so im happy as larry and can wait and wait and wait and wait and wait for frr to wake up and start getting the SP flying which will be more money for the go go bar and other things rather than sitting in a cold damp dark expensive bills country you guessed it england ( brexit ) lets hope there is a turn around and we decide to stay in EU or the pound will be down for many years as we will need to export after leaving EU , so forget retiring abroad if we leave EU , Im getting plans in place now but think we will cancel brexit rather than NO deal surely the government and people cannot be that thick back in UK ha ha meanwhile im going swimming in the warm sea its 90f and blue sky and sunny here GLA
1 trade is in could be a take over coming , nice christmas news please !!
1 buy trade in so wont be long , news coming best being in than out in the cold !!
a takeover could take mdz upto .60
its coming very soon
despite people not liking hot spots like thailand i was here in thailand when they had the vote to remain or come out of EU and the vote came back to leave the EU a couple of days after the vote IN 2016 the thai baht dropped from 55 to the pound down to 42 to the pound within days that meant that you had just lost 25% of your entire holding in pounds , the pound has never recovered since and today over here it is 41 to the pound ALSO they experts say within 5 years of coming out of the EU the pound will go down to 29 baht to the pound and i believe it after seeing it already THATS ANOTHER 25% NOW TELL ME WHICH D.CKHEAD SAYS LETS LEAVE ??????????