Member Info for Njames

Thanks, it looks like arbitration is compelled with respect to the claims against SN and NATCO (as successor to Kanaly Trust Company). Denied as to Andrew Kanaly and Mercer. In addition, Mercer's motion for summary judgment is granted and claims against Mercer are dismissed.

Too bad, would have been interesting to follow and glean additional information on the company's financing and demise. Now Rainbow's "favorite SaNta" can be "secret SaNta."

Hopefully, the non-SN claims will continue in court.

@Looed -- thank you, noted.

On a semi-related note, the hearing in the Mourant entry of judgment case is tomorrow. As long time lurkers know, Mourant forced the liquidation of the company when it failed to pay $1+ million in legal fees owed Mourant and that had been agreed in a settlement with the company backed by a personal guarantee from SN. The hearing is on a motion by Mourant to enter judgment against SN, which he contests on the basis that Mourant made it impossible for the company to pay since it took deliberate action to put the company in liquidation. In essence, I didn't pay what I agreed I owed, so you took action that was allowed by law to try to collect, and now I can't pay because you took that action. Doesn't seem like a winning argument, but we'll see.

Reading back through some of the filings as now amended, I still find it bizarre that Vicky says Steve hid Tassie's (the mother) death from her for two years. After supposedly 18 years of caring for her mother, Vicky and husband move to Tennessee and during that time Tassie dies and Steve allegedly hid it from her. I mean, why not come from Tennessee to Houston and pay a visit? Something doesn't smell right about the whole thing and it will be interesting to watch it play out if it stays in court (rather than arbitration).

Two defendants have now filed motions for summary judgement. Andrew Kanaly and Mercer. These are scheduled to be heard the same day as the attempt by SN to move to arbitration. The basis of Kanaly's motion is that he -- personally -- was never in a trust or fiduciary relationship with Vicky, that was all done through the Kanaly company. Mercer's is similar -- all their trust business was conducted through the Kanaly company, and they sold Kanaly's trust business to a third party, so they -- Mercer --- were never in a trust or fiduciary relationship.

Times up, Rainbow. Tales been told.

Super insightful Rainbow Rider! Thanks so much for sharing. I'll bet it's Mr. Trump's top priority to resurrect a bankrupt, asset free company in liquidation that never produced more than 500 barrels per day.

Thanks. The article mentions Frontera in a historical sense as one of 3 foreign oil companies initially coming into after the Soviet era to explore. Also notes Georgia has historically mainly been a route for energy transit to other markets, not a producer, and lists lack oil and gas resources in Georgia as a reason for Georgia to take other measures to increase energy security, like through renewables.

I'll not waste further time reading the rantings of a nutter such as yourself, RainbowRider. Bring something of value to this board relating to the liquidation, the myriad legal proceedings, or the principals involved, and I'll happily read it. Otherwise, do us all a favor and STFU.

Cool story, Rainbow. 🙄

Daft clown.

No, I sussed you out when you slipped up and confused your alter egos and used your (RR's) childish nickname name for Putin--again--as Lifeishard.

You're either daft, or mental, or both. You're clearly schizophrenic.

For months, you're butchering an old hymn and peppering your posts with praying hands and Christian references, then equating incompetent CEO Steve Nicandros with Santa Claus, now lately blathering on about karma in post after post. And not karma for the people that frittered away millions running this company, but for posters you disagree with.

You've either lost your life savings, or a modest amount, you've said both. But is it really anything? Or were you a paid pumper posting as Rainbow Rider, constantly on with the ridiculous worshipful posts about Zaza, and thanks to your taunts, fleecing a retired woman out of HER life savings. And yet you remain on here to taunt her by posting embarrassing attempts at poetry to mock her. You should be ashamed of yourself.

You call out a negative poster as "paid," and demand for him to say why he/she is on this board. Why would anyone pay someone to post on this board for an unlisted bankrupt company that can't pay for its own liquidation? That has to be one of the dumbest things I've ever heard in my life. The question is, why are YOU here? You've brought nothing of substance to this board, ever.

I'll be happy when the final word on liquidation comes down from Cayman so you finally STFU and I can leave this board permanently.

Hearing on RR's "favorite SaNta" motion to compel arbitration has been scheduled for August 26 at 10 a.m.

@Life - LOL. You almost had me believing you weren't RR, but here you are again with the tell -- "spewtin." I'll admit you did a good job keeping that suppressed for awhile. Bravo!

As has been pointed out on here many times, SN/ZM cast Hope as some sort of villain. But in reality he was simply an opportunist who disrupted their cozy club, which in hindsight needed disrupting, tried to demand transparency and accountability, and actually brought a takeover deal to the company that would have resulted in a return to shareholders (and a handsome one to Hope). It was rejected by SN/ZM because they would have lost their control of the company--which again in hindsight, wouldn't have been the worst outcome.

Yes you're right. Just meant to indicate there are no shortage of claimants.

Thanks. They can stand in line behind his sister and Costco.

Timely or late, it has nought to do with Frontera's failure.

So Trump is to blame for Frontera's failure? LOL you can't make this stuff up.