Member Info for Madpunter

Thanks, wodewick.

Can somebody post a link please.

The 'noise' of the court cases is almost complete. Now the hard part, namely the Geopolitics. The polarised GD with Ivanishvilli as a puppet of Russia or Misha and the National Movement hasn't worked, but perhaps a new coalition will work. Not many politicians admit to making mistakes. Therefore, Gakharia's break from the GD and his admission of mistakes, provides optimism IMHO.

Thanks.

That's not the article I wanted to copy. Click on the menu in the article and politics. Then the Gakharia article from February 17th.

www.georgiatoday.ge/gakharia

www.georgiatoday/gakharia

Sorry predictive text, should read Looed.
Also, remember the context of my initial posts on the subject. This was after poster's were suggesting that ZM was the villain and SH/O was the saviour, who might takeover FRR and give shareholders a payout. I was merely pointing out that SH/O had never helped FRR, but that Zaza's actions had helped shareholders, even if his actions weren't necessarily for the good of the company, but for himself. Like I keep stating, I'm sat on the fence on this point, but I'm convinced that his actions have kept us in the game and that SH/O was not in charge of a vulture fund for our benefits.

Looked - SH/O didn't expect the actions of ZM, so didn't have a company like the previous Russian entity ligned up ready. FTI had previously stated that the 5% Royalty Deal was of 'dubious legality.' Therefore, without the extra layer of complexity to unravel, FTI might have been able to reverse this 5% Royalty Deal. In my initial post I did state 'or' that the GG would get Block 12. Either way without the actions of ZM, shareholders would be stuffed. Either SH/O would have got the lot ( remnants after liquidation or Block 12 is immaterial, it just means shareholders get zilch), or another company appointed by FTI (more time would have been available without ZM's actions), or the GG gets the lot. None of the three options benefit shareholders, so Zaza's actions even if for his own greed have kept us in the game.

Names - Thank you. I'm sat on the fence regarding whether Zaza knowingly engineered this or was just being greedy. However, I agree with you that if he hadn't tried to steal Block 12, SH/O would have gotten the lot.

Ziggy - No, as GC was supposedly owed oil for which it had already paid. Otherwise FTI would have dealt with SH/O who had triggered the liquidation process. In which case I would have expected shareholders to be stuffed.

Ziggy - Precisely, and if Zaza hadn't tried to steal Block 12, FTI could have sold it to SH/O or a Russian company, such as in the previous liquidation attempt by SH/O.

tsbs1 - I maybe wrong, but at least Zaza's actions whether taken just for his benefit or the benefit of shareholders has helped keep us in the game (he will benefit with us as a shareholder). I can't picture any benefits for shareholders if FTI or the GG had taken control.

Please explain how we would be in a better position if FTI had gained control of Block 12 or the GG? Remember SH/O has form doing a deal with the liquidators with Madagascar Oil. I'm not defending ZM, just pointing out the facts, that the alternatives to his actions would have been disastrous for FRR IMHO.

I'm not disputing the blatant theft. I'm just pointing out that without it, we would probably as share holder's lost everything. I'm just pointing out that with the high probability of getting caught, and the theft resulting in saving the asset from FTI and possibly SH/O's control, the reason for the theft might not have been personal greed. Some on here were thinking of SH/O a possible saviour and only ZM as the villain. Well, SH has done nothing for FRR, but ZM's actions have resulted in share holder's still being in the game.

Regarding FRR as unlikely to capitulate if the Discovery contains a smoking gun, to agree terms, IMHO FRR hasn't capitulated. If the cases against FRR and it's director's are terminated and a settlement has been reached. The alternative of disclosing a smoking gun to maximize the settlement, plus open up the possibility of a criminal case against SH would only make sense if time was not important IMHO. However, as the clock is ticking down on the PSA extension, time is very important IMHO. Also, if there's no smoking gun why isn't Discovery completed?

Regarding the actions of Zaza, you miss the point that I'm making. If he'd not attempted to steal the asset, then FTI would have taken it, or the GG after the arbitration, through his subsequent actions while giving TV interviews. Either way would have probably left share holder's with nothing. The blatant way that it was stole suggests that it was always likely to be rumbled IMHO. When the crime was exposed by sleuths on this BB, instead of the GG or FRR and it's lawyer's and political contacts, it aroused my suspicion. However, it's likely that we will never find the truth of this matter. Therefore, I'm not trying to defend Zaza, just highlighting the probable outcome without his actions and why I have doubts about the blatant theft.

As my computer is out of action, I'm having to use my phone. Therefore, it's not possible to scroll back to recent posts, one of which stated the total lobbying fees. I thought it was posted in one of your translations, but I could be wrong.

Looef - I'm not suggesting SH/O delayed the Discovery. What I stated was that once it's completed the 'cat is out of the bag' and it's too late too change the situation. If Discovery shows that there's a 'smoking gun', then even if a settlement is reached, a criminal case could follow against SH. Therefore, as Discovery hasn't been completed it suggests that it contains a 'smoking gun' and that the settlement will be in FRR's favour.

tsbs1 - Do you understand the significance of the Discovery not being completed?
How do you explain the facts that YJ has now decided to go to court for payment due, and the GG have hinted at a return of FRR to Block 12? The timing is significant IMHO.