Zaza's motives17 Jul 2019 13:52
Good afternoon all
Given the bad news that has emanated over the past 48 hours, we have all become understandably even more frustrated that Zaza hasn't updated us on any news. This frustration is augmented as YJ seem to be receiving the cold shoulder too. We also know that FSHG have been stonewalled, which is derogatory, especially given they represent 28% of the shareholders of Frontera.
So why is Zaza behaving like this?
I have been reflecting on my dealings with him. Having spoken to him I formed a positive impression, and that fact, coupled with his openness and approachability, was a factor in increasing my personal investment to a massive amount for me. However, there were always a couple of anomalies. One was at the 25 January shareholder meeting when, during the open question and answer session, I asked him if he regretted his promise of no fundraising only to go to the market a few weeks later for funds. His answer was an emphatic 'no'. So humility is something alien to him.
The treatment of us shareholders since Christmas has led me to conclude the following about him. He appears a driven man and seems to want success at almost all costs. Accordingly I think he only does things when he thinks he will benefit from them. So the shareholder presentations were purely an attempt to sustain the share price to help raise capital. Currently he doesn't need us shareholders to be onside so he is ignoring us. His focus is winning against Hope and my fear is that his arrogance might mean that he doesn't make the correct decision to chuck it in when he (as far as we can see) appears to be losing. This is proving a distraction for sure. But this win at all costs attitude may also turn out to be our saviour as he will want a huge return on his massive shareholding and, if that happens, then we benefit too.
The four who went to Georgia will have a better knowledge of the man than any of us; it would be interesting (given we have sweet fa otherwise to go on) to hear what they think about his motives/behaviour.
JMO