Member Info for Madpunter

What sort of people invest in vulture funds like SH's Outrider Master Fund? Take a wild guess? Are these the sort of people who would let a witness like Troy Rillo at YA testify and bring down OMF, resulting in them losing their investment? If YA think this may be a possibility they had better remove Troy Rillo's photo from the team page on their website. Now look at my post from the 6th November copied below :-

Posted by Madpunter on the 6th November :-

Troy Rillo
Lawyers want to win cases, therefore, when a client has 'smoking gun' evidence that will win the case they will want to use that evidence. If FRR have that evidence with Troy Rillo from YA, they may not want to use it due to an agreement made when the CRS was made with Troy Rillo and YA. FRR just want to drop the case, but without prejudice, so that they don't have to pay fees and the possibility remains of taking SH/O to court in the future. This could even be by the ex-shareholders of FRR after a deal with the super majors, or by a FRR as a shell company after selling Block 12 and the Moldova license. Why would ZM, SN and the shareholders want to take SH/O to court if there's a buyout of FRR? Well, if the figure was lower than was possible due to the time constraints because of SH/O, then I'm sure many would want to go down this path.

Conflicting case strategies. When a client and their attorney cannot reach an agreement regarding case strategy, it is often in the client’s best interest for the attorney to withdraw (see the first link below).

Strange, the only photo that's missing from Yorkville Advisors team is that of Troy Rillo (see second link below).

https://www.jacksonwhitelaw.com/criminal-defense-law/attorney-withdraw-case/
http://www.yorkvilleadvisors.com/
https://www.lse.co.uk/chat/general/commodities-and-mining/frontera-archive-41C7D130-7E51-4344-82E7-83B697F53322.html?page=31

Star - My previous post from the 20th October explains why FRR want to drop the California case without prejudice and why the smoking gun hasn't been produced.

Posted by Madpunter on the 20th October :-
Earsbern - I had missed the part about the scheduling (in your 19:18 post) or forgotten it. This part is significant IMHO 'Defendants (my note: OMF) are not prepared to engage in any form of ADR at this time.' While there was even a very small chance of a deal under the ADR, I decided not to elaborate. However, IMHO after reading the above quote, there is no chance of a deal under the ADR. Prior to the court papers posted on the 14th June, I was under the impression that due to a possible CRS with SH/O in the Civil Courts, no prosecution would arise in the Criminal Courts (see the 9th post down in the 1st link below about the Civil Regulatory Settlement for Mickelson's insider dealing). After reading the court papers, I looked up a few legal words from the 'FIFTH AFFIRMATIVE DEFENSE (Waiver, Laches, Estoppel) Plaintiffs’ claims are barred under the doctrines of waiver, laches, estoppel and acquiescence.' (see the last post of the 2nd link below and the 3rd and 4th links). I'm no lawyer, but IMHO the CRS in the Mickelson case results in one of two interpretations.
1) Mickelson waives his right to hide behind the Fifth Amendment (the 5th) as the CRS has righted the wrong, resulting in no prosecution by the SEC.
2) The SEC waives their right to prosecute Mickelson, as the wrong has been put right by the CRS.
Either way a waiver has been applied due to the CRS. However, under Californian Law the waiver does not apply under certain circumstances 'In US states such as California, a waiver is not lawful when it is contrary to an express provision of law, its implicit policy, or good morals.[4] Furthermore, one cannot waive responsibility for violation of law, willful injury to a person or property of another, for fraud, or waive their residential tenant rights.' (see the 4th link below). Therefore, IMHO if the smoking gun (YA) is linked to SH/O it could not be used in the Californian jurisdiction without also incriminating Troy Rillo and YA. Furthermore, any evidence from the discovery incriminating SH/O, regardless of any CRS, could still result in Criminal proceedings with the SEC. Hence the discovery process doesn't start until after the ADR, as when the genie is released, it can't be put back. This also explains why the Smoking gun was not revealed in the Caymens and why FRR's lawyers referred to 'privileged information'. IMHO the case would be held in another jurisdiction, possibly Texas, if it needs to go to appeal, and only then will the smoking gun (YA) be used.

https://www.lse.co.uk/chat/general/commodities-and-mining/frontera-archive-41C7D130-7E51-4344-82E7-83B697F53322.html?page=8
https://www.lse.co.uk/chat/general/commodities-and-mining/frontera-archive-41C7D130-7E51-4344-82E7-83B697F53322.html?page=14
https://www.lockelord.com/-/media/files/newsandevents/news/2010/10/what-every-civil-litigator-needs
https://en.wikipedia.org/wiki/Waiver

An article on dealing with cyber attacks.
How to deal with Russia’s Hybrid Warfare?
https://www.georgianjournal.ge/politics/36115-how-to-deal-with-russias-hybrid-warfare.html

Furthermore, as SH/O was the LN holder that instigated the liquidation process for FRCC, then SH/O may have requested FTI to stall the process by looking into the transfer of Block 12. This could then allow time for the default in the Texas case, resulting in SH/O being paid in shares instead of cash. Hence the defence by SN which has resulted in the default judgement being denied. Also, ZM may have expected monies from FRCC via FTI to pay the wages owed to the workers in Georgia, after the settlement of all debts. If SH/O knows that the money is available in FRCC or one of it's subsidiaries, then now that the default is denied the Texas case may be withdrawn.

Tsbs - IMHO FRR have been advised by BP with their access to PALANTIR, hence my post from last month copied below :-

Posted by Madpunter on the 31st October :-

Arbitration
Assuming that my theory about the arbitration is right and the GG get the 5% RA when FRCC is liquidated, then ZM, SN and LB would have expected this to occur before the arbitration hearing in October. This hasn't happened and the timelines could have been calculated after FTI started the liquidation process of FRCC. Therefore, by dismissing Akin Gump in June (see extract from the court papers below) FRR could then request a six month extension to allow the process to unfold. As the extension is only to allow the liquidation of FRCC, (enabling the GG to get another 2.45% of the oil under the PSA and terminating the arbitration) and the case is now in the NY courts, it should be completed before the extension date. Assuming this series of events, then FRR would no longer require representation in the arbitration as the process is about to be resolved by the liquidation of FRCC. IMHO the court papers show a complex series of events to enable enough time for production revenue to meet FRR's obligations, remove SH/O and settle the arbitration. After reading those papers one would expect FRR to have had a crystal ball to be able predict the series of events, or in Tolkien language a Palantir. Doesn't BP have access to PALANTIR, who "amongst many, many other things, it seems they also help when" 'Prosecutors are building stronger cases against insider traders'(taken from Earsbern's post on the 28th October in the 9th post down of the link below). IMHO if Palantir has that sort of expertise, then creating this series of events wouldn't have been a problem.

67. First, the Liquidators were informed on July 9, 2019 by Akin Gump that it ceased acting
for FRGC in the Arbitration a month earlier on June 9, 2019.

https://www.lse.co.uk/chat/general/commodities-and-mining/frontera-archive-41C7D130-7E51-4344-82E7-83B697F53322.html?page=27

We don't know if the process has reached the point where the 5% RA has reverted to the ownership of the GOGC. This may be why the licence hasn't yet been extended past 2027. Alternatively, it may be the GG using it as leverage in the political arena. IMHO this complex series of events over the last year has been planned for in the majority of circumstances.

Ivyspivey - IMHO the court cases are just noise now and the main focus is in the political arena.

IMHO they're likely to discuss Russia's involvement in the Caucasus region.

Tuesday, Dec 03, 2019
9:45 AM – SD-419 Foreign Relations
Hearings to examine the future of United States policy towards Russia.

https://www.senate.gov/committees/hearings_meetings.htm

The interview is from September, but still relevant.

https://www.interpressnews.ge/en/article/103797-matthew-bryza-thats-a-big-problem-the-us-president-usually-is-not-listening-to-his-most-senior-advisers-saying-pay-attention-to-georgia

Adam Kinzinger on Recent Developments in Georgia

Congressman and Co-chair of the House Georgia Caucus Adam Kinzinger stated the following assertion after learning of the protests outside the Georgian Parliament in Tbilisi.

“This morning, I was shocked to hear about the collapse of the promised reforms in the Georgian Parliament, after officials downvoted the move to a proportional election system. During my visit to the country last week, I was pleased by what seemed to be the inevitability of this reform package. This commitment was made to the international community, and most importantly, to the Georgian people. It is my hope that this situation can be fixed – and fixed very soon. When we look to this region, it’s important to remember that Russia is a failing country courtesy of its repressive governance. Georgia is not Russia, and the Georgian people demand and deserve better than what their Parliament showed them today.”

Mr. Kinzinger reasserted his support for Georgia and the Georgian people, he also spoke about the foreign threat the country faces in the form of the Kremlin.

“As Co-Chair of the House Georgia Caucus, I’m calling on Georgian officials to resume negotiations immediately and pass this important reform package. Georgians want a government of, for, and by the people. They want a government that is more aligned with the West and they want to be recognized as a NATO ally. Failure to deliver this constitutional amendment will be a gift for Vladimir Putin and will destroy the progress Georgia has made to reach complete independence and separation from an aggressive, encroaching neighbor in Russia,” the Congressman stated.

By Beka Alexishvili

http://georgiatoday.ge/news/18220/Adam-Kinzinger-Comments-on-Recent-Developments-in-Georgia

Looed - The link below has a picture of the US Embassy and it looks nothing like the building in the link with the protesting FRR workers. Maybe they were only allowed to protest around the back?

http://georgiatoday.ge/news/18238/EU-Delegation%2C-US-Embassy-Release-Statement-on-Recent-Developments-in-Tbilisi

Yet people still criticise ZM and SN. We're not out of the woods yet, but the fairway's in front with a clear view of the green.

Aurora1 - FRR has had to deal with court cases, arbitration, attempted takeovers, cyber attacks (on Georgia), damaging media, a Georgian invasion and to try and stay afloat when the PoO nose dived. Now read the sentence from the Kashagan field link copied below :-

The machinations of nations and oil companies competing for rights to exploit the Kashagan Field play a major role in Victor Robert Lee's[41] espionage novel Performance Anomalies (copied from the link below).

https://en.wikipedia.org/wiki/Kashagan_Field

Well, a very interesting and plausible theory from oopsi. Worth also noting that Frontera Resources International is registered at that address too. And FRI is a corporate guarantor to the CLNs. Maybe once FTI have exhausted the recoveries in FRCC, they may consider calling on the corporate g’tee? I wouldn’t rule it out.

To me, it’s becoming clearer that all these (legal) tactics was to buy time but ZM et al underestimated Hope’s zeal on the legal front. He has been one step of them all through this process. I think Zaza & SN thought that a small threat of legal action in the Caymans would have made Hope concede and push forward the coupon payment to the maturity date in Nov 2020. Well, that didn’t happen and the rest is history withthings getting out of control; things like employees welfare, multiple resignations and litigation, including Arbitration.

So why did they need the extra time? Was it to build up oil production to repay Hope? Well, if that was the case, they would have made sure those employees were paid to keep the oil flowing. But looking at all those employees protesting outside the US Embassy, well, they hardly looked like rugged oil workers, more like mushroom pickers. I actually think these low paid workers were hired to demonstrate local job creation & CSR?

But given the size of FRR and the huge legal and regulatory challenges, there is someone behind this little outfit giving them professional support and guidance. Also consider the ambition of Ukraine and taking on the Ruskies?

Are we close to a conclusion to this long uncertain period? Well, FRR offering to withdraw the California case is a big clue. Whatever the reason for needing extra time, it appears they have concluded (I would suggest). Come January, we could have a resolution to the Arbitration, closure on the Cali case and Hope repaid?

JMO

After Dino-2 there was T39 which was a gusher, naturally flowing 250bopd through a tiny 3mm hole, equivalent to over 4kbopd at full bore. IMHO there was no need to go back to Dino-2 after that, as any FDP will concentrate on the Eldari B. Zones 9 to 15 will only come into play after the Eldari B is exhausted, which could be after decades of production. Therefore, the Eldari A zones effectively became insignificant when T39 started flowing, and by the time the Eldari B is exhausted, oil may no longer even be required.

theprodigy - Well the youtube video confirms that it's not fake.

Tsbs - If the article was only in a regional news link, then that is strange, as the US Embassy is purported to be involved.

Just tried the bugsy link in a safe search and nothing was found. The link I used and zib's still shows in a safe search. Therefore, it is either from a regional interpress news website which doesn't pass my security or from a fake copy of the interpress news website.

Looed - I tried searching for words like rally, protest and US Embassy. The latter came up with other articles, but not this one.
LordLash - All the men look like pensioners.

bugsy - Strange that the article doesn't show up in any searches using the website.