RE: Brookemia.14 Apr 2021 22:55
"Dear Bryce, Tyler, and Frontera Resources.
I corresponded with you recently, giving you a generous window of 72 hours, to respond to Private Investors with an honest meaningful reply
You have chosen to mitigate your moral and ethical responsibilities, by an uninspiring regurgitation of an earlier “vague” promise of updates when confidentiality allows.
We all understand the need for true “confidentiality” but your disingenuous attempts at portraying this as the real reason, rather flies in the face of very damaging information currently being written in the public domain.
The idea that one or more current/ex members of The BOD can -without-seemingly- any real oversight- steal/misappropriate millions of dollars-some from US sources for payment-under Covid support rules- is breath-taking.
Your proffering of the “BOD is aware of Mr Mamulaishvili’s activities” is inconsistent with the duties and responsibilities, shareholders would normally expect from a BOD.
You have-collectively- delayed communication, to the point of embarrassment, instead, forcing Private Investors to resort to paying for information, that should have been made available to us in a plain, consistent and transparent manner.
You have through your somewhat flawed strategy of hubris and Omertà code of silence-alienated those that have given you more than enough opportunity to make amends.
I shall wait a further 24 hours-as promised- before I advise the Investigative journalist, of my and others’ personal experiences, including London speeches, mysterious exiting of NOMAD, missing millions and assets, lack of communication, new BOD, etc, expensive Court cases(funded by mystery)all of which will be public domain centric.
This was all totally preventable, by yourselves, but you chose to treat the Company as your own little secret squirrel’s entity, instead of supporting shareholders with promises of Jam tomorrow.
Who exactly is funding the court cases-you have never officially explained.
What do we actually own
How many shares are held in total
Who are the biggest shareholders
Are we still producing oil and or gas from our fields
How much have we earned since delisting
What are the names of the asset-producing fields
How much longer do we have remaining on our licences.
What is the current status of outstanding court claims against Directors/Ex-Directors, covered by Frontera paid Insurances.
What financial liabilities and obligations do Frontera, and by extension- shareholders - have in the event of claimants against us, prevailing.
What is the realistic timescale, remaining, before a settlement in any form, being buy-out, Farm-in, Farm-out, might be announced
Will the Company remain Private if sold, or any of the options mentioned previously.
What realistic chance is there of monies per share being returned to shareholders, within say six months, and a conservative estimate of what that might represent
Some answers
Sign In
Follow the stocks
