Member Info for Looed

Thanks ****nal221 - there are some procedural movements in a couple of the other cases to move things along. Slowly but surely, these cases will eventually come to trial or be settled.

The court has now set the schedule for the trial, which I expect will be moot if the Hope deal is signed and its a global agreement.

The case process begins May 2023, Mediation August 2023 and trial October 2023.

Great news toatie and hope all is resolved soon

MadP – you state “if he hadn't tried to steal Block 12, SH/O would have gotten the lot.” How?

Keep in mind that:-

- The company had already legally cornered OMF – the “5% Royalty”
- The liquidators had already offered OMF as a prospect to the GG and OMF was rejected (the liquidators “failed to assign the PSC interest to another party acceptable to the Georgian Government” ( FIC petition)
- Hope then appealed directly to the GG and was again rejected.

Indeed the likely outcome would have been the cancellation of the PSC (as recommended by the liquidators), and had that happened ZM might have got the lot via his mirror operation. As that didn't happen, he converted it instead. Nothing to do with keeping it from Hope. It was to keep it from everyone but himself.

You keep asserting it as a given that OMF would have automatically gotten the lot when evidence shows the opposite would have played out.

MontiBurns - I have to correct you on one point. The Texas judge denied the SN motion to stay proceedings. Publicly, there had been no further action until the new "designated trial ready" / "Trial on Merits (Motion for)", the filings for which have not yet been uploaded.

Yes WHamBoy, the deal isn't done until that final Stipulation is filed but at least we have an end date for that. If the deal really has completed I expect both sides would want to file ASAP. As endless as it seems, these cases do conclude eventually. I doubt the relatively “small fry” litigation (i.e. YJ) and the personal cases will have much of an impact on matters moving forward.

To ****nal221 and your point on the outstanding debt. The $6m+ from the Award, the wages issue and whatever else is outstanding might already be partly offset by the income gained by the GOGC working parts of the “1%”. The company claimed to have a $100m line of credit from US financial institutions so to Joe Public like us, that would seem an easy fix if the facility is still available.

Given all the twists and turns I will believe the deal is done once we see that document filed, so I hope we see that final piece of legal housekeeping soon.

WhamBoy - that is a plausible scenario. I would say you might be spot on had we seen something akin to a Motion to Settle rather than Trial Ready but this could just be how the court handles things. I suppose there is nothing to stop such a motion being filed once the Cali case is fully concluded and things are as you lay out.

There is now a notification for a Motion for Trial on Merits 9/10/23 though it doesn't say who filed the motion. We should find out in a day or so.

Thanks Cavey. After all this time, be it good or bad, the end does finally appear to be in sight.

****nal221 - The original filing is a very dense document but yes, it is related to the loan notes and pledges by SN etc. The original filing mentions $23m but I guess that figure will have risen with time and interest. I will try and have a proper review tomorrow. The original petition also refers to the Green Capital contract and ZM's duplicity in that deal. So we need to see if any subsequent filing now separates the parties and if / how it allocates responsibility.

There is some movement in the Texas FIC v SN etc case. This is the Texas Hope case. A new event has been lodged "16/2/23 -Trial Ready". There are currently no new filings associated with this event though any filings usually drop a day or so after the event is flagged.

The last event in this case was July 2022 when the court denied SN's motion to delay proceedings pending the outcome of the Cali case. Without a filing it's hard to say if there is a connection to recent events in Cali, so it could just be the court scheduling dates and deadlines for the case. We should learn more in a day or so.

As far as I know, and if this case isn't soon settled as per Cali, the next step is a case management conference.

MadP - I think it quite insulting to your fellow shareholders who have endured years of untold stress and misery by that cheerful fraudster and cheat that you would somehow equate his scheming, his efforts to strip the company and its holders of their investments, his lies and deceptions as somehow helping the company / us. It is delusional. We are were we are not because of ZM's 'help', but despite his attempts to erase us.

MadP - thanks for the replies and I will just address briefly

Lobbying - ProRepubica and Opensecrets have total lobbying at around $1.5m

Discovery, or lack of it - well thats moot now if the deal is done and this and all associated cases are settled.

ZM - I suggest you go back through the FTI and Cayman related filings to understand the role ZM played, the decisions made by the JOL's in regard to Green Capital and why they have failed, thus far, to follow through. Reading or rereading these documents should also leave you in doubt about the blatant theft.

MadP – I think you are saying Hope is / has been delaying discovery to prevent the company uncovering a “smoking gun”. Requests for delays are filed jointly and are not specific to Mr. Hope. Recently, it is FRC that have been requesting lengthier deadlines to which Hope has objected. Hope then sought Summary Judgement. Had there been a “smoking gun” it is unlikely the company would capitulate and agree terms.

You also claim the company has spent $380m on lobbying. Are you sure? That’s $15.2m a year for the past 25 years.

I am sure ZM appreciates any attempt to reposition his crimes as, perhaps, a noble attempt to “take one” for the team. You ponder that “we’ll probably never know”. Well, we do. As stated so succinctly to court – “ZM has breached not only his contract, but his duty of loyalty and utmost good faith, duty of candor, duty to refrain from self-dealing, duty to act with integrity of the strictest kind, duty of fair, honest dealing and duty of full disclosure. ZM, by conspiring with Green Capital to steal the Company and operate its assets in competition with Frontera has violated these duties as well as his obligation not to compete with Frontera in the covenant not to compete. ZM’s conduct also constitutes conversion of Frontera assets.” Nothing noble there and had ZM had his way we would have heard nothing and would indeed “never know”.

The filing date for the YJ petition is 14/2/23 uploaded today and so this is a new case.

Monti - The court declared that "Plaintiff Frontera Resources Corporation and Defendants are required to file a stipulation of dismissal by April 10, 2023." in the FRC v Hope case. If both sides really do want to avoid further legal expense they might well file that Stipulation before 24th Feb when there is a filing due in the Hope v SN etc case.

YJ, the former PR company, are seeking damages of $52K plus costs for non-payment of balances due. There is no breakdown of the $52K and just the Original Petition and copy of the contact signed in 2017 by ZM have been filed with the court.

Avi8r - I am not in the US though I am in Taiwan, which very much identifies as "American"

Ziggy - my understanding is that liquidation efforts stalled as Hope declined further funding, and in the FIC case in Texas, which is a Hope related case, there hasn't been any action since mid 2022. I think it's logical to assume that case will fall away if a deal is finalized.

Lifeishard thanks, though disappointing that people seem to find it acceptable that I do all the work and have had to go cap in hand for repayment.

The balance owed has been paid. Going forward I will be prepaid a holding sum which will be topped up as needed. If that doesn’t work then the fund can find someone else.

The balance of the fund is £336.66.

Recently it has become inconvenient to invoice and get paid from the fund. I fully understand that people are busy but I don't like having to constantly chase for money. As there is talk of a new fundraise then perhaps this is a good time to organize a new system.

I will let the BB know should I get any more messages from the company.