Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Thanks for posting this. I'm not a solicitor and there are some big words in the article, so correct me if I am wrong, but my take on this is some law men from the Cayman's are using Hope's rushed attempt to block the loan as an example of a "what not to do" when requesting an quia timet injuction.
I have wondered the same, especially given the NY loan for much more is penned to rank below Outrider. Perhaps Zaza didn't really want it accepted by Hope. Part of a plan?
Gipps, Zaza didn't name any names specifically in the share holder meeting. If Zaza did orchestrate a massive short, as you insinuate is a possibility in your post, taking Hope to court and making claims as Zaza has done would be very bold indeed. Surely if he'd acted in this way Zaza would have just let the company go under and let the secrets stay underground also. This court case has been one big airing of dirty laundry to say the least.
haha, I'm not aiming that high Puddy. It would be nice to own a car that doesn't have finance on it though! I guess the dream for me is to own a nice 4 bed house without finance on it too lol, and jack in my sheet job.
I'm not writing off anything to be honest Puddy. Stranger things have happened. My hope though is at some point it was Hope, directly or indirectly through the known shorter brigade, and that helps explain the claim of unlawful interference. I presume they didn't just throw in that claim on a whim.
They are close to the action thuogh Puddy, not like us far removed private investor plebs. In my opinion it's likely they could have known what was coming. I think it's less likely that it was SN, Zaza or Hope at that late point.
IWhat about the vendors Puddy? Or the institution that took shares in Feb 18 with a 6 month lock in peroid. We could add them to the list of possibles.
Give us a clue ;) What are the minimal options?
You're right Fire, there really is no glass. We've necked it already! ... Just gotta wait and see if it was a dodgy pint or not now. Just a little more patience!!!
Maybe it's because there are still deals to be made Pjohn, regardless of our trading position at the moment.
I too was pleased it was posted, the delivery was poor though. A little explanation accompanying it would have avoided a lot of confusion and hostility. I'd prefer we private investors kept a good relationship with the PR firm, YJ seem to like stirring things up though and leaving themselves open to abuse.
Not true.
Good point Free. No point havimg a fraccing expert if youre not fraccing. Whatever the casemaybe, im sure they could likely have bought him out even if he was still in contract to avoid him sitting around and taking a decent salary to do very little.
Coild it not have been by campaign? If frontera truly did plan this strategy for Hope they would have known there would be a delay whilst they fought it out.
Did the sleuths find out when he left? To be fair, If he was still at the company there wouldn't be much for him to do,whilst the new drilling campaign is on hold. Perhaps Frontera let him go to save money, which would be wise.
What aren't people understanding? YJ have said on behalf of frontera there is no new news. Surely that means nothing has moved forwards from where this stood last year, and likely won't until the court cases concludes. That includes the Niko institution, the baker Hughes deal and the NY loan. The progress with these deals will be directly linked to the progress with the court case. Frontera have also said operations continue on the ground as normal. That means the extended well tests are still occurring. We're unlikely to hear any news on that until the case concludes and I don't think they previously announced when they'd release results, I think it was a in due course line. I aslo believe that Hope will be suspended as a director until the cases concludes, that's just standard in any company, so he won't be in a position to access any info such as the flow rates,l. Frontera are hardly likely to want to divulge anything until the case concludes. I don't have any business background but It's all just common sense , isn't it? When the case concludes we'll get news, hopefully soon after. I'm tired of the wait too, but it is what it is.
We could hazard a guess that seeming as we didn't hear back that funding was secured for the new plan to go to zone 19, and the court case news came soon after on October 12th (along with arbitration news), that perhaps the partner involved with that thought they'd hold off until the court case concluded. In which case if YJ are saying Frontera have no new news, there may be no new news. Well, apart from the extended well test results. I don’t remember if they gave an end date or length of time that the extended tests should be though. I don't think they did.
There may be no news though. Wells may have been cleaned up but are still awaiting funding to come through from the NY loan. YJ have said there is no new news. Perhaps it's just that simple. No big cover up waiting for the court case to finish until they reveal what's been going on. They might simply be producing from current wells, keeping the lights on and fighting the case. With that said, and as I said earlier, they are withholding the extended well tests info. Perhaps hope is suspended and can't visit site so they're keeping stum?
I'm not quite following your 3 posts there as it is like you're having a conversation with yourself from opposite ends of the spectrum. I am tired and ill and on nights though, so maybe a bit slow. However, in past I have asked on here if there were such things as political companies set up for a political aim above all else. Something along the lines of could Frontera just be a way of pouring money into a country that America wanted to align with, and that commercial success and return of investment for shareholders wasn't as important as money flowing in the right direction to Georgia and the attempt at developing and changing the energy climate in Georgia without bank rolling it themselves. Commercial success would just have been an added bonus. It did seem at times that SN was running the company into the ground and diluting heavily with very little attempt to market the company and raise equity at a better price, which he could have done by being more open and honest in comms. Perhaps though this is all just thinking a little too much and coming up with wild theories that try to rationalise a period of complete and utter incompetence. Perhaps SN telling the truth and being more open and honest in comms at that time would have caused the share price to lower even more, creating more dilution. I do think however, that Zaza has had a good crack at turning the company around and might just have cracked if he can overcome the Hope barrier and that Zaza might actually be on our side here and aligned with us, as is SN through his equity. They stand to lose a lot if this goes under and I'm not sure how long they haven't been paid for, so not sure if we can say they made their money back in other ways. Anyway, I'm rambling and despite the first part of my message, I'm still confident that things are going to come good here. How good remains to be seen. It depends on the deal in the courtroom or if there even is one.
Thanks AJ. I forgot about that.