Member Info for OneDayRodney1

Rainbow: the short and obvious answer is "no". Five years ago we could have traded our shares and invested more or got out, whichever we wanted to do. Now our money is tied up and potentially gone and so all our individual hopes and plans for our investment/gamble are either up in smoke or on indefinite hold. We have no idea which as the Company doesn't communicate to us.
How you can think we are in a better place now is beyond reason tbh!
GLA

I posted this a few minutes ago but it doesn't seem to be there. If it now appears twice I am sorry!

Rainbow: the short and obvious answer is "no". Five years ago we could have traded our shares and invested more or got out, whichever we wanted to do. Now our money is tied up and potentially gone and so all our individual hopes and plans for our investment/gamble are either up in smoke or on indefinite hold. We have no idea which as the Company doesn't communicate to us.
How you can think we are in a better place now is beyond reason tbh!
GLA

Hmmm ... yet another court action looks in the offing then ...

Looed: many thanks for sharing this. We would be pretty much completely in the dark without all that you do for us. It is really appreciated.

Chris572: agreed.
Would say, however, that the fact that Zaza has written this desperate letter suggests that he isn't getting away with any more of our oil and the Government blockade is holding :). It implies Zaza is now completely out of the loop and appears an increasingly desperate plea imo.
GLA

Well you didn't get that from the Daily Mail...

Good evening all
So just logging on to the site for the first time today and see there's been a post so wonder what it might be, only to find it's yet another post of irrelevant tosh from our resident loon.
I'm guessing you're probably a nice person mapp but please give us a break :).

EkXoc: agreed. Apologies, but what I was meaning was that they have done sweet fa towards getting the shares reinstated by the broker. If they had then that would suggest they cared about shareholders and would have been a further positive sign.
The reported negotiations are a positive sign as I said, but the implications for us are unknown.

EkXoc: no they haven't!
Yes, when the company were informed that sleuths from this board had noticed the company was struck off quite a while back, they got it reinstated ... a straightforward admin task apparently.
But what has happened here is that posters on this board have sent ii the confirmation that the company is not struck off.
The Company have done sweet fa to lead to your misplaced enthusiasm I'm afraid.

But they are still breathing and there are grounds for optimism that there may be a deal with the GG being thrashed out.

scoopy: no it isn't. It's just the broker undoing their premature removal of the stock as the Company is still technically alive.

If he is unaware of what goes on in Finance then he obviously could well be your son ...

Good morning Looed
Thanks for sharing the message you received from the company yesterday morning.
May I ask whether it was in response to a message from you or did you just receive it from them unprompted by yourself? If it was the latter then it would be clear that someone is monitoring this Board on behalf of the Company.

Indeed.
All the best.

jaytee41: not if they've been reading this board recently. They only message when there is something concrete to say and there isn't yet so I wouldn't worry, well not any more than usual anyway.
I suspect the ajb account administrators are just catching up with some of the other investment houses who have closed accounts; one thing is sure, we would know any news long before they would.
GLA

FFS - now they're all back!
I refreshed my screen a few times and logged in on a different device to ensure it wasn't just a glitch, yet now I appear a plonker (Rodney!)

Good morning all
It seems a load of posts from yesterday have been removed. Yesterday's discussion was all very relevant to the share and will have been of interest to anyone invested here, yet they have all been removed.
Makes one wonder what the point is of having the board if sensible reasoned debate is removed....

Here it is. Posted by Cymro1864 on 4 August:

Natia Turnava - "Frontera" is important for us as an American business and very soon, I am sure, we will reach a mutual agreement

As for the spread of false information, I would like to call on those channels, which keeps soon seize such unverified information, to check who are the respondents, in order to not be as awkward as today - responded to the Ministry of Economy and Sustainable Development Minister Mrs. Turnava American Company The accusation made on behalf of the former manager of "Frontera", as if the Georgian side is obstructing the activities of "Frontera".
According to Natia Turnava , the Georgian side really had an arbitration dispute with "Frontera", but since then the cooperation has continued in a constructive mode.
"Today, the American" Frontera "made a statement that the gentlemen who speak on behalf of" Frontera "do not represent this company at all. Therefore, I urge everyone to calmly verify the information and avoid speculation.
Although we did have an arbitration dispute with the American Frontera, we have been cooperating quite constructively ever since. One of our main demands is that Frontera take into account the existing wage arrears to employees. "Frontera is important to us as an American business, and very soon, I am confident that we will reach a mutual agreement," said the Minister of Economy and Sustainable Development

https://www.interpressnews.ge/ka/article/668577-natia-turnava-chventvis-mnishvnelovania-prontera-rogorc-amerikuli-biznesi-da-zalian-male-darcmunebuli-var-urtiertshetanxmebas-mivagcevt/

StarRage: Natela Turnava said that an agreement was near, or words to that effect, a couple of weeks back. It was reported on here but it is challenging for me to look back as I am only on mobile atm.
It should be easy to find as there were a few smilies in the posts for once ;)!

StarRage: I would envisage that Outrider would get some sort of debt and or equity agreement moving forward, and possibly YA. If so, the debts requiring immediate settlement would not be significant. No, I don't expect any payout any time soon and am not in the special dividend la la land camp. But if the GG give us a licence then there is a possibility of an investment by someone to get us going, which may give us a return ultimately. At this stage, given the GG rhetoric, it looks more likely than it has for a while.

If a deal is done with the GG then the Company will have to do a deal with Hope too; not least to settle that court case. So, if a deal is done, this court case won't be after anything more than costs and paying off the remaining creditors in the liquidation. That will be small beer (comparatively). We will know the outcome and where we stand (either way) long before this court case gets anywhere near an outcome imo.

NJames: thank you for sharing what you've read. The action is against ZM and SN and, if defended, will probably take years to get to judgement.
In the meantime, if there's a deal to be done with the GG then it will have been done. In that scenario it would be highly likely imo that FIC would get paid off and the action stopped. So if there's a monetisable asset (and therefore a chance we could get a return) we will know where we stand long before this case comes to a judgement.