Member Info for OneDayRodney1

Some musings on a quiet day on the bulleting board:
The most significant recent events (that we are aware of!) are the fact that Hope is no longer a Director and that we have submitted a declaration of solvency to the liquidator in the Caymans.
The first of these should enable us to raise finance and complete deals with partners. To my mind the main potential obstacle to both raising finance and doing deals is confirmation of the on-going rights to the assets. That is where the actions of the liquidator may be crucial. So the fact that we are unaware of anything happening there is encouraging.
The California court action should be regarded as a non issue for both loans and deals as we are the plaintiffs and therefore the maximum risk to us is purely financial so potential partners should ignore this.
Hope hasn't been off the Board for long so it isn't surprising if nothing has happened yet but we could hope for some news in the not too distant future as it is in everybody's interest to get the asset starting to produce as soon as possible.
It is immensely frustrating to us shareholders that we have heard nothing from the Company and, for me, it is surprising too, as many of us have met Zaza and have trusted him. The fact that he has been so proactive in coming to meet us was a major plus and it is a shame that his inactions since Christmas are undoing that.
We know we are still alive and fighting however and, on balance, I remain just about positive about our prospects.
All JMO.
GLA

Chileone: we remember where the paper trail leads for some of the sales on the final day ;)!

I hope your Champions league final analogy doesn't continue to be applicable through to the conclusion!!!

It says in 9.26 post.

Thanks for reposting.
Devex thinks discovery is ongoing. I read it as it hasn't happened. Am loathe to trawl through again to find it. Anyone have a view?

Very good tsbs! Spot on. I am still hopeful of telling her one day when I announce my retirement, but have been thinking that for years too! I suspect others here are in the same boat?

Well our lawyers have pretty much fooked up haven't they and are now grovelling to the judge on theirs and FRR's behalf. Given their we'll set out reasons for their omissions coupled with the legal grounds for sanctions it seems sanctions are unlikely imo.
But this will have resulted in not only extra costs for us but also will have annoyed the judge too, so pretty rubbish all in all.
Many thanks again Taffy ... although the missus is wondering what has been occupying me over the last 40 minutes!

Cheers Flakey.
I recall someone saying earlier this week that YJ were asking Zaza if he could provide an update so maybe we should wait to see if they come back with anything?

Happy birthday Zeps! Didn't you have one around the same time last year? Same as me! ... although I never thought I would ever regard myself again as young (at 57!). Tsbs' cocoon remark made me lol :).

LL: the big positive take from the order was the declaration of solvency, although it would be helpful to see it. There has been no notice of any action by the liquidators in the Caymans since then, which is encouraging.

LL: is this from the 6th (and so old news, which was indeed exactly as you state) or is it something new?

Bigdaveboom: clearly your post must have contained some slanderous comments as it has been deleted by bigbrother. It makes my reply look out of context!

Bigdavedoom!

Sorry, not a joking matter I know. We are all in this together. However, I guess you either believe or you don't. Hopefully Zaza is going to do the right thing for all shareholders, including himself, bwtfdik.

GLA

Denzal: a message via YJ, a RNS or even a post on their website would be considerably cheaper/easier plus they haven't shown any inclination to want to communicate/care in any way about us shareholders at the mo.
So I think we can confidently answer your question 'No'!
But it is a very positive sign imo.

Bedex: use the filter button mate.

Given our track record we probably already have an agreement in place for oil and gas rights to the moon ;-)!

Ahah! Thank you Free.

And she cannot be a direct replacement as Chris Schleuter was Country Manager for Georgia and Ann Davies is Country Womanager for Georgia .... hmmm .... I have clearly been here far too long!

Is she just not a straight replacement for Chris Schleuter?

Guys
Many thanks for your email.
I support your approach 100% and really appreciate your efforts.

As shareholders, the lawyers are effectively working for us, so one might have thought we were therefore entitled to see the transcript. Whilst it won't reveal anything significant from the legal perspective, for the reason you have just stated Taffy, there could be other interesting facts to us in the transcript not directly relevant to the case ...

Off topic: Pretty dreadful performance in Hungary this evening :(.