Member Info for Phil_2018

That's a lot of money BG so I don't blame you for not feeling good about how things went. Most of us hoped for a smoother and quicker ride to a good outcome here. I'm hoping that this is it so I think we are best waiting to see what unfolds here.

Occasionally I've too thought a solicitor might be needed to get at what is really going on. I'm hopeful that will now not be necessary. If anything I think hearing something happening is better than hearing nothing and assuming nothing is happening. I am assuming all of this of course that all shareholders of FRR are not done any disservice in this restructuring. My main thought is that it may just be a straight forward transfer over of our shares but will have to see and react from there. Perhaps we will get some more news to follow soon.

I don't think Zaza is going to let the company be struck off and go to the wall, he's re-emergence would suggest that. My impression that the restructuring is already some way along the way, more than just talk, that it's something that is going to happen immently or likely already is. If you consider Zaza stepped down as CEO in late September then we could easily be two or more weeks along the process. That Zaza is being referred to as Director rather than CEO could just be a mistaken term or could mean that someone else is CEO, possibly a big new shareholder and hence change of shareholders term being used. My impression of Zaza has been that he comes across as a decent guy. The random events over the past couple of years have been very disconcerting at times but I'm hoping this will news will end in a good outcome for us all.

Ok guys, just finished reading back, on the surface it looks like great news. We are at least now no longer facing the depressing liquidation by eye not being on the ball. Once again another turn when all looks like it might be lost lol.

It certainly looks like something is being worked on, a restructuring apparently. So I presume we will find out shortly, possibly within days but likely before the 30th October I would have thought as the liquidation of the companies in the Caymens are presumably all part of the process.

So we now know why Zaza stepped down also and he seems to talk about a lot of stuff so the specifics of how this will play out is not all quite clear. It seems like it might be an internal affair by him calling it a restructuring and referencing that it might be Frontera Georgia Corporation that becomes parent company for Frontera Georgia. Perhaps our shareholding will just transfer over?

Not sure how much stock I would put into what B-2-0 says, no offense but last time he came on here we were given word on some agreed new company formation and some reporter both of which never materialised.

Looking at the article about Hope trying to play a slimey one and get in with the GG. I think he screwed up by stating that any new license holder (if not Outrider) pays them back the money Frontera owes them LOL! Apart from them having no legal leg to stand on it will have come across to the GG that Outrider's approach was really just about its own sour grapes. Hope messed it up by going too far at that point I think. Hope promises the GG this and that but really is just interested in getting the field getting someone in to cash in quick paying off his loan loss on Frontera and any Outrider investment on the field and no doubt a fair bit of profit in excess. I'm not so sure it was a result of the present situation just a case of him having nothing to lose by asking. If FRR lose the license odds are the whole thing would have to go to tender anyway. With two weeks to go till the Election I reckon his attempt has fallen flat.

Good to hear his solicitor picked up and (hopefully) passed on. If anything it would be in his interest to stump up the cost as otherwise if Frontera lose the license he gets nothing. At the very least though hopefully he'll pass the message on in time.

Personally I would have left any mention of 'forum' or 'username' off it wanting to be taken seriously, it risks coming across as a nutter and the person losing interest at that point before getting to the importance info. I would have also included 'Frontera' in the heading so as to grab their interest. Good on you for making the effort though anyway Earnsburn. Though not perfect attempt hopefully they may read it all and serve its purpose. I believe Hope is not only after his loan money/shares but is also a shareholder himself? So he should be very interested in such news should it reach him. If you don't hear anything back perhaps someone could post a more formal email to them and try that. Not meaning to knock your effort it's good you tried but just to make sure it's picked up upon.

Curious that it's been outstanding since January. To me that looks like it is more an oversight than a deliberate act. Possibly they have been so busy and tangled up in all of the court, arbitration, the US/GG that it's never had time to be sorted. If they are not paying the people that are supposed to be helping them our with all this stuff then that's going to be counterproductive to efficient running of the company. I kind of get the impression of a place in a bit of a mess with a heap of unopened letters around and nothing much really being done. Cairn going seems to have been the start with stuff just allowing to lapse. Yet apparently they are getting sales in from oil & gas??? So why don't they spend some of that money making the company run effectively. Seems like things have just been left to run crazily out of control here.

Definitely using every avenue to contact the company to get this sorted seems to be imperative here, even if it is via Hope, he has a lot to lose here so doubt he wants to see it go on an administrative oversight.

That's sounding like better news Mole and ODR, so they would just pay a penalty fee and hopefully would not end in liquidation but could be reversed.

Mole, that is useful to know. What do you think is going on here? Could it just be down to accountants not being paid and FRR now having to find someone to do the accounts return? (quickly I would guess).

I can't see that Zaza would fight so hard to get the US to put immense pressure on the GG then just walk away. He wouldn't have done that if there wasn't big value in that oil & gas field. If he hasn't got a tie up with someone in government to get a new license for a new company and Cayman law would haul him up, then what?

End of the day I can't see it that the company has just run dry off money. Zaza & SN would stump up the money and if not they could go to us shareholders like, here is the situation, we need to issue more shares (privately, off the market) for the company to continue. I think they would get at least some finance if it avoided the company going under as theoretically there is big money there.

If FRR lose the license and there is no tie up then theoretically it could go to anyone. Are we sure they are not registering the company elsewhere or its part of a buyout or something?

Good point tsbs & Starage that is starting to make sense now, not so much a case of Outrider going bankrupt at least probably not unless FRR goes south but as you say desperation as he can see what is happening. If it is a corrupt move then Hope's chances aren't likely good. He is essentially claiming that any new company pays him back what he is owed lol, fat chance if that. I wonder how long it will take him to realise that he is being cut out since their is no reason to include him and any recourse he might have left. All I can think off is whether the US might be concerned by this move since they put immense pressure on the GG to back down but now it looks like US investment here may be swindled away.

What's your take on this Starage?

Thanks ramblingsid, or as perversely as it may sound even Hope. He will have a vested interest in see that FRR are not struck off and if he can't contact Zaza & SN then his lawyers probably can even it is just to their lawyers and get the message through.

My guess at the moment is if they are being crooked they are getting greedy and wanting a big slice of the billions in the oil & gas field and so the money they have invested in FRR is small fry even if it is a couple of million or so.

If this is what they are up to we've got about two weeks. Maybe we should get some legal advice in that time, see where we are at and whether we can do anything about it if that is what is going on? At the moment the license is still with Frontera.

tsbs, do you think that is even possible? If the license goes back to the GG and then Zaza has a tie up to get them to grant a new license to them? I assume SN would have to be in on it too and Zaza leaving would be part of the ploy. The current GG don't seem in favour of Zaza & co given all that went on. Possibly they are waiting for the new administration and has buddies in there to grant him it? Possibly with them getting a look in? or is that all a bit far fetched? Would such not be an illegal action with recourse for us shareholders to take action?

I can't see that it can be legal to move the asset to a different entity and it be legal if it deprives existing shareholders. Are we sure this is not a tactic to demonstrate to Hope that if FRR goes down we all lose to get him to the bargaining table? We have about two weeks until we are struck off. Has anyone tried contacting Zaza through his social media pages on this to see if he is aware? I don't see why they would make all the bother of fighting the GG to keep block 12 only to lose it here.

OneDayRodney, how come it means our investment is gone? Surely it is not the same as if we are bankrupt. FRR has various entities registered in different countries. Do you think the company are not aware or they see no point in doing it for some reason?

That's quite extraordinary if Hope/Outrider is going begging to the Georgian Government to give him B12 or another company to pay him back his loan if they are granted B12, really? He must be getting real desperate with his back to the wall. Strikes me as only the stuff that someone might do before they go bankrupt. Could Outrider really go bankrupt? I assume that could solve a lot of FRR's problems and punish Hope. With the GG having already backed down under US pressure I can't see him having much hope. That and we're only about two weeks away from the Election now.

I agree mapp, I don't think short trading should be allowed on AIM, the companies on there are small and some of them have weak finances or problems. The whole point of the AIM market is to get private investment in to aid these companies that may be struggling but have potentially bright futures with better investment from private investors through AIM.

Shorters turn it all into a farce by shorting the shares whenever bad news is around. That's bad news for the company, it's investors and it's employees. It means the share price is trashed meaning other investors think twice before buying and it makes it pointless raising further investment with new share issue. Turning an investment market into a gambling farce messes up the good work that can be done for these companies, it's people and the wider economy. Meanwhile a few greedy so and so's amass vast fortunes that they don't need.

I was fortunate hear in investing when it was at it low 0.025 - 0.060 ish price in the final year before they delisted. I still think that given the wealth in the ground that this share will come good, hopefully soon.

Guys if you look at France the virus has been high there for a number of months now but virus deaths are just clocking 70 something a day. That's a lot less than the previous 1000 ish per day. Something is telling me this virus may be less of an issue in the months to come, possibly especially when winter is over and with that a lot of these Coronavirus shares could tank it.

The others shares others have mentioned I have looked at, in the words of Gordon Gecko most look like dogs. 88e look like they likely have a way to go before any possible good news, a bit like FRR a number of years ago. GGP could double by Christmas but equally they might stay about the same so I would only invest in that if I had some money lying around, which I don't lol.

I would say invest where you wish and if you're happy with these fine but I don't see any immediate go in any of them. Can always be surprised I guess but I reckon that FRR could potentially have more go in it if positive things happen in the next few weeks here.

Companies that do well out if Coronavirus could tank it in a few months time, it's pretty uncertain. This virus could disappear in a few months as quickly as it came about. Odds are that boat may have been missed. In ay case I'm too strapped for cash after FRR to invest elsewhere.

I get the impression selling short is the game of the rich boys for some easy extra money, that you generally need the money to pay up if margin calls. More often than not they just head to weak companies to prey on as it's the most sure bet that a lot of the time they'll win.

Anyway, my thought of the day with FRR is that they may have a fair amount of money in their bank account, maybe even enough to pay YA off but chose not to but to do that at possible later date. My thought is that if it would clear them out of most of their funds they probably decided to hold back on it not only to ensure FRR keep solvent but because they didn't know how obstructive the GG might get. If the GG got so bad that it meant that all economic activity would be stopped to try and seize the asset of a insolvent Frontera. So instead FRR chose to keep as much money back in case the sh*t of all storms blows it way from the GG. As it was it looks like it was bad in terms of some economic activity being stopped and bank accounts frozen/money stopped from bring taken out of the country but perhaps not as total as it could have been. FRR essentially needed to store as much money as it could to weather a prolonged period of not being able to operate if necessary.

I'm still hoping that in the next few weeks positive progress will be made and things will shape up a lot better for us here.

I agree Bezzy, I think FRR have held back money in order to ensure that they don't go under before a deal is reached. In some cases money way held back because other parties were doing dodgies by the looks of it. I think generally though it was agreed it money was kept back to ensure FRR could keep operating and by playing for time that was the best way it would come good. I'm hoping that time will come soon, just a case of holding on now I hope and seeing if we can find any info as to where things are going.