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That's a known fact though TSBS, the arbitration request was real and we know Georgia would love to get some of the block back on the cheap. That saga is not just going to go away because we're in court fighting on another front. The fact Frontera are still fighting this with cold hard cash by lobbying, even now,, is definitely a positive. I cant see it any other way when if I put things in context.
The $50k spend on lobbying shows Frontera do have the money to spend on such a thing, at a time when some are saying they are insolvent and it's all over. It also shows they are still using what means they have in America to apply political pressure in Georgia to ensure the best outcome for the company and the huge assets on its block. Frontera have the cash, they still believe in the fight against Hope and they still believe in their asset and are doing what they can to keep hold of it, as it does seem like the Georgian's are keen to take it from us if they can. Frontera are doing what they can to keep hold of their company, its assets and seem to have the cash to do so. All good signs to me.
RR, were't you hoping this was going to be done and dusted by Easter? Not being funny, but what's your guess now on when we'll get our massive rewards?
So they're still aligned with us, but this is severe damage limitation... just in case things don't go their way.
If Frontera have misled investors 're the interest payments and end up losing the case/cases, could they potentially face charges from unhappy investors. If so, could Frontera's legal team have simply told them to keep absolutely quiet unless they win the cases, for fear of further damaging themselves if a court case against them ever came about if say they lost the cases.
Isn't there a specific timeframe regarding the Georgian's wanting certain parts back that Frontera haven't studied? Can't quite remember the details
Reasonable but unlikely :)
Made*
I'm completely guessing btw. Should have .are that clear in my post. JMO
Sounds like it's time to do battle in court. I presume when Frontera amended their summons Hope may have asked for the case to be adjourned so he had time to receive counsel. Hopefully that council was you're fecked, take whatever ever Frontera offer you! Well it's late, why not dream a little!
I think your timing might be out with regards the risk of going under. Although YA payments have increased to $149,600 per month as of April 1st, up from the $64,900 per month they were paying since November 1st, I think Frontera will be able to service that debt and believe Frontera thought they could as well when the new terms were negotiated. On July 1st Frontera need to pay a lump sum of $2,141,700 to YA. That could potentially be a risk. It seems though that Frontera's whole payment plan to YA was likely worked out on the basis of how well the extended well tests were going, how long they thought it could take to get the court case sorted and no doubt when they believed they might get access to the Durham loan too. I'll get a little worried by the end of June but think we will have heard more by then anyway. Fingers crossed anyway.
You offer peace but clearly that is not what is in your heart. Here's another Rumi quote for you that I have found using Google, wow aren't I clever. "Let silence be the art you practice". Don't you think given your position, your stance on this just being a trading chip, that silence would offer the most peace to us from you. Which takes me to your self proffessed wisdom. It appears you shouldn't profess to have that. Another Rumi quote from google that makes me sound clever (not wise) "Yesterday I was clever, so I wanted to change the world. Today I am wise, so I am changing myself".
Taken from article:
the duty to act in good faith in what the director believes to be the best interests of the company;
the duty not, without the fully informed consent of the company, to place himself in a position where his own interests might potentially conflict with those of the company;
the duty to exercise independent judgment;
the duty only to exercise a power delegated to him by the company for the proper purpose(s) for which it was conferred; and
an equitable duty to provide shareholders with sufficient information to enable shareholders to make an informed decision on a matter which falls to their vote in general meeting.
IMO we have so many reasons to be negative, but we do have some very positive talking points coming out as well. I'm not sure it's as simple as your post about we'll get lots or nowt either. There could be varying deals made ooc that might see us get anything between the two. On the surface, it would appear Zaza is on our side, but I don't think we could be certain he wouldn't do us over if the court case has revealed something that looks bad for Zaza and Hope, so somehow they make a deal that's less beneficial for us and more beneficial to them. My gut doea tell me Zaza is aligned with us and will try not to stitch us up, but then again my gut got me into this sorry mess in the first place, so alomg with our friend Ian I'm not sure I trust myself either!
I agreed we do have a reason to be negative. That doesn't mean he doesn't come across as insincere or untrustworthy though. The guy can't even remember his own posts, which is either odd or just manipulative.
You have a short memory of your insinuations then.
So Ian. The other day you were worried we're going the way of Debenhams and going bust. I asked you a question regarding that thay which you didnt answer. No matter, as today you think we're likely to win the case but are worried there will still be nothing in it for us. Forgive me if it just sounds you'll say anything to sit with your negative slant. It's fine to be negative as over the years we've had plenty of reasons to make us feel that way. There's just something about the way you post though that seems insincere and untrustworthy.
The fact Frontera are fighting the case and taking it to Hope is a good start. The judges comments regarding frontera having good chances for an appeal to be successful and the recent article regarding Hope's questionable attempt to use an injunction to block the Durham loan, and basically that is how not to do it, are very positive signs. Surely locked in holders just need to wait it out now.... What do you suggest people do in the meantime Ian? Cmon, share your thoughts about exactly what you think people should do whilst this plays out? .... Maybe you think people should sell their shares to the shorting cabal that want to close their shorts at a pittance of a price? Could that be what you think???? Perhaps not, so please do share your thoughts on what people should do.
Bluffing? What else would you expect him to write on such a form Gipps? I see no comment from you on the direct action thread. Any thoughts you'd like to share on that?
I think there are 3 points to pick out from the document. Hope says: "THE PLAINTIFFS ALLEGE THAT THE FUND CONSPIRED WITH ITS PRINCIPAL STEVE HOPE TO CONTRIVE THEIR DEFAULT ON DEBT OBLIGATIONS". On another question Hope says: "THIS IS A SPURIOUS LAWSUIT BY A DEBTOR TO AVOID PAYING ITS OBLIGATIONS TO THE FUND. WE EXPECT TO SUCCEED IN COURT". On another question Hope states the current status of the case is pending (not on appeal or final). Personally, I'm not sure much can be read into this but one question it does raise to me is, if Hope is claiming Frontera wanted to avoid paying the debt obligation, why did Hope so desperately, and by the sounds of what the judege has said, questionably, try to block Frontera getting the Durham loan that would allow them to pay off the debt?