Member Info for Looed

With the caveat that a lot might have changed since broadcast date, I think this short piece is worth translating. It seems to be Minister Turnava talking about her views on the FRC letter regarding ZM / Green. We know the Minister said broadly supportive things so as she seems to talk for a minute or so, we might get more insight. I have passed to the translator.

https://www.imedi.ge/ge/video/79644/frontera-resources-corporationis-gantskhadeba#!?from=&page=1&to=&season=-1&type=1

Hi all and thanks for the feedback. To the point made by Bedex. I used the term 'immediate value' as they already have our money, they know we are angry, but it has no 'value' to them at this point in time. I have done the "please read this heartfelt message" routine a few times in the past and got nothing.

Its a pity no one took up the challenge (so far) to list out point-by-point the failings in corporate governance. I do think that a is worth a shot. It might get them wondering why shareholders are collecting this data and so might want to nip it in the bud.

One final point - Just because I have tried and failed with the "Please see this heartfelt message" tactic doesn't mean others might not succeed if they send something in. The email address is info@frontera-resources.com

The company has set its own timelines. For the most part the only things that can affect that are money, the courts, the GG and the practicalities around the PSA.

There is no correlation between expressing feelings in a message here and the (in)actions of the company. I doubt they would even finish the first para once they get the jist of the message. Having a rant directly at the company produces no results.

“I sent one email without reply and now I am well miffed” – well yes of course they should have replied to anyone who is a holder and contacts them, but if that’s all you have done then you haven’t done much. I must have sent close to 100 emails before I got my first reply. I didn’t get angry, I got creative.

I have found that the company will respond to two ‘practical’ things. Either give them something that is of immediate value, or something that is an immediate threat.

It might be stretching what I mean by value, but recently I have been communicating that there is value in addressing shareholders ahead of the 24th Jan, which marks 3 years since the last RNS-R. They can utilize RNS, the website (if that’s what it is), press statement and so on. I appreciated that the information flow might be linked to the various talks and court cases which run unrelated to the RNS date, but some form of messaging would be of value to shareholders at this time. I quoted back to them their own words regarding improving comms. I have had zero reply, so I don’t yet know if they see the value in this suggestion. I guess we will find out over the coming days. If they don’t respond, I will learn from it and think of something else to put to them.

I know some of it is in the body of the post by Mole, but what might be of value / threat is a point-by-point list detailing the complete lack of corporate governance, (AGM, accounts, share certs etc.) in relation to Articles, previous deadlines etc. If someone can pull that together, keep it focused and to the point so the facts do the talking then I am more than happy to send that message.

(Hi Monti – I wrote this before I saw your message. Agree with your points. I have suggested many times they send out a regular / semi-regular update, even if it is a version of what has already been circulated, at least it would be something. I will remind them again.)

So a demand for me to do something but at the same time not sure about my integrity. Perhaps get someone you have more faith in to do your bidding.

Consistent with previous quarters, US$80K was spent with Tyler Nelson / Cornerstone.

https://disclosurespreview.house.gov/ld/ldxmlrelease/2021/Q4/301322688.xml

Thanks Earsbern.

There is a new filing in the Mourant case - "Proposed Order on Joint Motion of Plaintiff and Defendant for an in-person hearing on pending Motions".

Its not yet been agreed / signed by the judge but it is signed by both counsel for both sides

WhamBoy - the main dates that we know of are

- Lobbying update - +/- 20th Jan
- In the main Texas case - Motion for Trial on Merits 21/2/22, not sure if the appeals might affect this date. The appeals are 'at issue' with seemingly no action taken by either side.
- There were a flurry of court events in Georgia pre-Xmas but no news on those cases thus far. The company had also talked about criminal charges but we don't know if one or more of these cases are related to this as well as the ongoing Green Capital related cases.
- The other Texas cases - FIC, Mourant, YA II - are plodding along
- Earsbern has the dates for the OMF case - I am pretty sure that was pushed back to 2023.

The first week of Jan was a long holiday in Georgia - New Year and Orthodox Christmas - so that might have had some small impact on news flow.

Yes its very quiet on all fronts. In the next week or so we should get to see if there has been another $80K spent on lobbying.

SN has entered a General Denial to Plaintiffs (FIC) Motion. Google advises that a General Denial is "Just as it sounds, a general denial says that the defendant disagrees overall with the plaintiff's claims. ... Instead of denying any specific allegation, the plaintiff denies everything alleged in the petition."

Hi Sycric - agree that its legit. The frontera-resources domain was registered a month before the contract for the old domain name expired. The 'website' - or whatever that page might turn out to be - has been dormant since then. It seems to have been activated in past week or so.

https://www.frontera-resources.com

This web address used to say something like “domain for sale”. It is now password protected and has the FRC logo in the tab.

Hopefully it’s our FRC that have ownership of this.

Hi Earsbern and thanks for the explanation.

Case 202152559 is FIC v SN, ZM where FTI are trying to pursue claims / monies / shares related to Outrider and also the '5%' royalty left after the assignment (which they dispute) of the asset to FRUS. Both parties do seem to agree that the Green Capital contract was not approved by the FRC board and harms the company.

Some modified dates have been posted. Hopefully Earsbern will be able to supply more info as I can't access the filings. Dates in US format

- Jury selection - 5/1/23

- Pre-trial conference 4/19/23

Both appeals have a procedural update - Orrick's have confirmed to the court that there are no deadlines pending in either appeal, presumably this is 'admin' related to their decision to withdraw.

The next scheduled date is in the main trial will be Motion for Trial on Merits docketed for 21 Feb 2022.

Trial on Merits "is a trial based on the essential facts of the case rather than on any technical rule of practice like failure of proper service or some jurisdictional defect. A decision or judgment is given by the judge after a full presentation of evidence."

ZM has relied on technicalities so far - and without much success.

Coggy - whilst I can't comment on my current CIA connections, I do recall being dragged to C&A as a kid to buy school uniforms and the like. Both institutions certainly sound similar, and C&A, like the CIA, could be pure torture at times.

Arsenal - when I saw that Taylor English were 'only' billing for 3,000 hours I thought the lightweights must be working part-time.

This Texas case was an attempt to enforce a UK court ruling against the company in favor of YA regarding a settlement for US$2.7m. The Texas courts originally threw the case out due to (I think) to jurisdictional reasons and the manner in which SN was served.

It now seems YA are having another attempt to get Texas to enforce the judgement. The amount claimed now shows as just under GBP2.5m. Initial papers have been filed but there is no indication how the court will proceed.

Earsbern - if this is the same guy it looks like he is no longer with Taylor English -https://www.allcaliforniaattorneys.com/attorney/149861/john-wesley-mills

He is no longer with Taylor English but remains at FRC. His details no longer appear on the T.E. site.

I should have added the Cayman cases are handled by other law firms.

WHamBoy - Bryce Linsenmayer is legal counsel for FRC and was a partner at Taylor English. I would imagine most of the billing is related to the Texas cases. The actual day-to-day work is handled by Denton's. They also have a local firm in Georgia they are using. As Earsbern and R8pilot have shown they are using another firm in NYC.