Member Info for Looed

Ivyspivey - Was it judge Crawley? That is a blast from the past.

I agree with you it's time for level heads. I know some people are mentioning share values etc and hope they are right. But there are many ways this can play out. Dilution, the company continuing as a private company much as it is now except its will now be producing something and so on. We need to keep all these scenarios in play until we learn more.

MadP - This case is over so little point getting into the weeds about it. But this case is separate to the Cayman action as was explained in the original Petition (way back in 2019). Also, if you look at the way the judge ruled throughout the case - motions for TRO etc - he very much sided with Hope.

I don't think it accurate to say "if there is no smoking gun there is no reason not to file". It is a possibility, sure, but it is not the only outcome (which is how I read your comment, apologies if I misread). Its more mundane than your theory but I think far more likely is that Discovery hadn't even started given the (what seemed at the time like) endless joint continuances that put even non-expert Discovery many months into the future.

I saw you mention the possibility of criminal action but not sure if you meant that was a potential threat pre-settlement or you think it still remains a threat. The settlement prevents both sides from ever litigating this again in any format, and you would presume Hope / FRC would include the threat of any further action - civil or criminal - in any "global" deal against either side.

Cases against FRC are lodged in Texas as that is the venue proper given that is FRC’s HQ and the individuals are either resident or have strong links to the jurisdiction. The case against Hope was lodged in CA given Hope is both resident of that state and it is the HQ of his operations.

Phil_2018 - to your point that parties seemed to have reached a deal. The court gave a specific date by which any agreement had to be completed and signed off, which the parties complied with. Othwewise the case(s) would not have been dismissed.

Pryotech - to your last point.

In court FRC claimed ZM's holding was a result of his employment and the court went on to find him to have breached his employment contract. We do not yet know what happened after that.

Of course I am going to share – this is a pivotal time for us and it is more important than ever that links to the company are maintained. All that hard work should hopefully mean some comeback form the company.

I was simply goading the (very low-level) trolls who have changed their messaging from critical comments on SN (some of which is justified) to now don’t trust any messages. If that’s the best they have then we don’t have too much to worry about them in terms of disruption.

Also, I personally have the added pressure of China breathing down my neck, perhaps more stressful than I thought. Doesn’t help the blood pressure.

It is because of people digging that we know about the company status, the details of the court cases, the ZM saga and a whole lot more. Every bit helps. It's this digging that saved the company from ZM.

The company have now linked comms to specific cases – “There are other pending cases associated with the one you have seen” which refers to Hope. As far as I can tell that is two cases that we are able to follow.

So, we watch that and watch for signs elsewhere. These cases aside, all that is left to do now is a deal and we hopefully see just how friendly the Frontera Family really is.

I think I was more of a stroller baby but I am sure that wont stop you benefitting from all the other stuff I do. Not sure about being the chosen one, but unlike you, I certainly do choose to do more than moan.

This again? If only some people spent as much time searching and sharing info on the company as they do why-oh-why-ing. Some are unable to understand the very simple statement (kindly shared by JimSlade) that laid out the short-term priority and next steps in terms of comms.

Unless specifically asked to do so by the company, I will no longer share any messaging. It’s just not worth the hassle. The messages are for me, I have more than earned them, so will keep it that way. It will give you more satisfaction if you get resourceful and establish your own comms chain.

Same as the last 3 quarters - "$5K or less" spent on lobbying.

https://disclosurespreview.house.gov/ld/ldxmlrelease/2023/Q1/301468193.xml

nogamble - I explained this a couple of days ago. They are for the most part personal messages but sent from them with their full knowledge that the contents might be shared and where I will share the info.

I have had a short message from the company. They are focused on tying up some legal loose ends (which I take to mean remaining Hope-related cases, and perhaps there are some Hope-related cases we don’t know about), but they seem sure and steady, and I don’t detect any undue concern when compared to previous messaging.

There will be no further detail until that happens (also consistent with previous messages). I will let you know if I hear more.

We need all these cases to go our way. The good news being that they are, to date, either outright wins for the company or deals to settle out of court. Nothing to suggest that won’t continue and I expect these cases will be over soon. The conclusion of all these legal actions (and reasons for silence) really does appear to be in sight.

The last piece of news actually came from the GOGC back in Jan, so yes it is a good time to check as many sources as possible.

Phil_2018 – you mention “court agreements”, however the parties reached an out-of-court settlement. The court doesn’t have any record of the deal, it only knows the deal was signed, allowing the motion to dismiss to be filed as per the dates stipulated by the court.

Lifeishard - what I am saying is I don't need to be reminded directly or via subtle hints to try and get some info, I am already doing what I can. Continually saying "over to Looed" is not going to make work harder.

I am not sure if this will make sense, but the company don't communicate with me in order to pass messages to shareholders. The messages, few as they are, are byproducts of something else. I am happy that I can pass on the occasional nugget that they give me and wish there was more, but I cannot keep going to them and saying "Person X wants to know this" as it isn't structured to work that way or to feed the needs of shareholders at some random point in time. That said, they know full well where I post the their comms and of course I pass on group feelings as much as I can, but I need to manage the relationship as I see fit. It is truly is a lot of work to try and keep the door open, but it's very easy for them to close it.

MontiBurns –Most of the FIC petition is a cut & paste of the federal case claims made by Hope against SN, ZM. Although the federal cases have now settled, the claims and accusations made by Hope against SN, ZM are still “live” in the FIC case. Whilst Hope is not a plaintiff, the liquidators are working on behalf of Hope and other creditors. Until the liquidators agree to close the case (or they run out of money again and the case goes nowhere) then the case will proceed. Outside of settlement, the next key date is 12/5 when parties must be added and served. County court filings sometimes take longer to filter through, so it is possible some sort of settlement has already been filed.

Monti there is no need to remind me in every post that you expect me to get a message. I do a lot here, never mind what I have done directly for the company, so it’s a bit much to be told to “do more”. I wish the company organized its communications around the expectations of PI’s but they do not, and they will speak to their own timetable not ours. As these cases wind down, we are closer to (hopefully good) news than we have ever been before, so I am confident there will be some sort of update soon.

We are shareholders in a Cayman Islands Exempt Company. The downside of which is that it gives us very little in the way of rights. However, Cayman law states that the company must maintain "a register of its shareholders with the names and addresses of the shareholders and details of the number of shares held by each". The record is not open for public inspection but it must exist.

Zeron100 - thanks, I think we will need some of the open cases to close out before we have the chance of getting a fuller update. Hopefully we see movement in those cases soon.

Further to the motion to dismiss, the judge has now ended the case

https://www.docketbird.com/court-documents/Outrider-Master-Fund-L-P-v-Nicandros-et-al/ORDER-OF-DISMISSAL-Case-terminated-on-4-14-2023-Signed-by-Judge-Andrew-S-Hanen-Parties-notified-rhawkins/txsd-4:2019-cv-02714-00063?user_id=guest

WHamBoy - Another point related to ZM is that FRC already have him up for jail time plus $13m ($25m if you include the claim for lost earnings) and I would think it highly unlikely ZM will ever set foot in the US again.

Hopefully its right this time -

Federal Court cases:-

Frontera Resources Caucasus Corp. & David Griffin bankruptcy case – no activity since April 2022

FRC v Mourant Ozannes – Relatively new. FRC recent offer to settle rebuffed as far as we can tell. Parties arguing over the correct venue for the case. Now linked to the county level case.

OMF v SN – settled, pending sign-off by judge

County Court cases:-

Mourant Ozannes v SN – chasing debt, now linked to the above Federal case.

FIC v SN – all parties to be added / served by 12/5, trial date set for Oct '23

YA II LTD v FRC – recognition of a foreign debt – looks like it has a way to go if they don’t settle.

Yellow Jersey Ltd v FRC – relatively trivial

Sorry there is a mistake in my original post - I will correct the list and repost