Member Info for pyrotech

Plenty of stuff in this link from previous case with Outrider etc so please snoop about. The coordinates may be in there, if not will look later this week
https://drive.google.com/drive/folders/0B74Kkm3XDsfyTmpia2VzXzFFV3c?usp=sharing

Question here would therefore be
Why worry about winning the bid in Ukraine?
If FRR was bust and lost the bid for Ukraine would be pointless
If that was the case, Zaza would not be fighting for Ukraine.

The 240 employees and other stats
With media and other entities reading that including rivals, why would Zaza state facts that if not true could be exposed as not true

whichever way you want to spin this, its a positive.
Things are happening which go for us, although risk remains that we have it all stolen from under our nose by court proceedings or other unethical means.

Here is a lesson for you Inheritsfa
If you have nothing interesting, informative or useful to say
Why not just say FA

You really seem to be quite worried about something, you turned up here as the company was going to court and delisted with your opinions stating that your father had given you these shares.

So was your father helping you or leaving with paying the charges each month for those useless shares.
here is an idea for you, why not save your broker fees with who ever holds your shares by gifting them. After all they are worthless and so just costing you the monthly fees. You could gift them to a charity or failing that i will take them on for you.
Unless of course its because you took out a short and not been paid out.
Maybe it will be your assets taken by the courts for those shorts?
Another lesson in life is called Karma, be careful what you wish for others as it has a habit of coming around to bite you on the rear posterior
Hopefully your'e in school today so look forward to your reply after 3pm, unless your parents do not stop you playing truant.

Kipper,
I get the worry and frustration
However, you forgot that Hope and OMF tried to work a hostile takeover years ago.
For an empty box?

I suggest that the box is not empty.
The question is just .... will we ever see the rewards for what is in that box.

Part 2
3.5. Pursuant to Article 96 1 1 of the same Code, "an administrative authority shall, in the course of administrative proceedings, examine all the circumstances relevant to the case and make a decision on the basis of an assessment and concurrence of those circumstances."
     file: ///tmp/tomcat8-tomcat8-tmp/476e1f2c-ab9b-46f4-aaac-14c1f8d93e8b.html 1/2
5/17/2019 3 NAPR
3.6. According to Article 5 of the Law of Georgia on Entrepreneurs, the registering authority is this law
Issues determined within its competence make decisions for registration and access to information under the Law of Georgia on Public Registry.
3.7. The legal and procedural issues for keeping the register of entrepreneurs and non-profit legal entities are defined by the Instruction “On Registration of Entrepreneurs and Non-Entrepreneurial (Non-commercial) Legal Entities”, dated December 31, 2009 by the Minister of Justice of Georgia.
3.8. Pursuant to Article 18 of the said Instruction, the Agency shall make a decision on registration if there are no grounds for finding a defect, terminating the registration proceedings or refusing to register.
3.9. In accordance with the rule established by the foregoing norms, the decision-making authority is under the obligation of the registering authority to conduct a thorough, accurate, comprehensive examination of the circumstances of the case and to decide on the basis of their concurrence.
4. Conclusion:
4.1. As a result of the mismatch between the facts of the case and the requirements of the law, the registration authority considers that the documentation submitted by the person concerned does not meet the registration requirements.
4.2. In order to uphold the principle of legality in the field of public administration, the National Agency of Public Registry,
decided:
1. Suspend registration.
2. To eliminate the identified defect - 30 calendars

The National Agency of Public Registry has received an application (Applicant: Giorgi Janiashvili / 01025015919 /) requesting the registration of a new entity.
Legal form: branch of a foreign enterprise
Ad title: Frontera Resources Inc. this. LLC Branch in Georgia
Latin name: Frontera Resources US LLS's Branch Office in Georgia

Additional Submitted: (10/06/2019 18:12:02)
Giorgi Janiashvili presented 01025015919: Written decision of the Management Board; statement; Statute; Consent (N 190597635) Lease Agreement and Amendments thereto N 1; N 2; N 3; N4; N 5; N6; N7; N8; N9; Extract from the Public Register;

Services: 100 + 5 * 1 + 20 GEL within 1 day
The service expires on the day following the registration of the application and ends on the expiry of the last day of the application. If the end of the registration process coincides with a holiday or holiday, then the registration process ends on the following business day.

Extract from Registry of Entrepreneurs and Non-Entrepreneurial
(Non-Commercial) Legal Entities
Serial number of the application registration, date of preparation: B19055799, 11/06/2019 14:43:50
Subject
Frontera Resources US LLC's Branch Office in Georgia Branch Of Foreign Enterprise
405339637
11/06/2019
LEPL National Agency of Public Registry
Georgia, Tbilisi, Vake District, Paliashvili Str., 12A
E-mail:
The provider of the information shall be liable for the validity of the additional information
Information about Liquidation/ Reorganisation/ Insolvency Proceedings
Not registered
Managers / Official Representatives
Director - Zaza Mamulaishvili, 01024002412
Founders
Frontera Resources US LLC, 802558654 /USA/, 07.10.2016
Seizure/Injunction
Not registered
Tax Lien/Mortgage
Not registered
Firm Name:
Legal Form:
Identification Number:
Number and Date of Registration:
Registering Authority: Legal Address:
Additional Information:
FRUS@FronteraResources.com
Pledge/Leasing on Intangible or Movable Property

Decision # B19055799 / 8 (11/06/2019 14:45:53) Registration
National Agency of Public Registry has received application # B19055799 16/05/2019 17:50:35 (Applicant: Giorgi Janiashvili / 01025015919 /) requesting registration of a new entity.
Legal form: branch of a foreign enterprise
Ad title: Frontera Resources Inc. this. LLC Branch in Georgia Name in Latin: Frontera Resources US LLS's Branch Office in Georgia
In accordance with the Law of Georgia on Public Registry, a decision was made to satisfy the request.
The decision shall enter into force upon publication.
The decision may be appealed in court within 30 calendar days of its publication.
National Agency of Public Registry ::: Address: Tbilisi, str. N2 ::: www.reestri.gov.ge

Is that what they are suggesting on there? Where do they suggest they heard this?

Hi Mole, have you had any direct contact over the last few months?

Not sure if your saying we are likely to lose Georgia, moving on to Ukraine, That would be history repeating itself. Last time FRR found oil and gas they lost the contract and others took the huge resource onwards. Now if that happens again you would not only question the competence of the directors, but also the trust. That would look very much like stupid shareholders financing exploration whilst high politics and majors reap the rewards. Simple terms corruption.
I think it would be very hard for FRR to lose Georgia and get shareholders to pay for exploration in Ukraine. What would they say to convince people? Third time lucky?

I am glass half full, but losing Georgia would be too much and i think Shareholders will have lost the lot with more jam promised for tomorrow if they foolishly put in more money. Mistakes we may make - lemmings we are not

This is so strange. The competition being reopened by a few comments and accusations by little FRR.

This sounds like intervention by uncle SAM
This really sound like this is for someone a bit bigger than FRR, its almost like we are the smokescreen for a Major and western intervention. Maybe to keep the importance of any potential under the radar. FRR to bid and start for the big boys so the noisy neighbour (russia) sniffs around but does not bite.

Big money and big politics, but we all know what politicians are like, so does that leave us eventually with our share of the pot, or does FRR cease to exist and back handers just to the Directors.
Strange again if Shorters have been paid out, i understand if what may be owed is calculated and interest stopped. However from what people suggest it states that longs investment has been taken to zero, then transferred to Shorts accounts to profit. This would mean if we went back to market brokers would have to pay out twice as getting money back from shorters would be impossible. If we opened at 5p those brokers would be paying out a fortune and for a second time..

I am really not sure what to make of all this, the news out in Georgia and Ukraine appears to suggest a profitable company with big ego and ambition. The Brokers seem to indicate a company that is dead in the water and with confidence enough to pay out.

Anyone want to guess what next week will bring?

I am very interested in why Starage invested here.
Of all the aim companies he could invest in, he chose FRR
Even thou his research gave a few warnings, he also could see wrong doing with Zaza not making first payment (missed) yet left his money in here.
He has money in larger amounts in bonds etc but choses to chase his tail on a small punt that he suggests is a lost cause.
Really?

Whats done is done, no posting on here will change fate, what will be will be and is in hands of others.
Your posts seem less than factual and hint at biased negativity.
We do not need you to tell us the risks we face, in fact i suggest the value of mine and others holdings can only go one way from here , UP. They are rock bottom so we are already at worst case scenario. It has two options Same or UP.

What is your point
To voice anger at Zaza due to your investment failure, to blame someone else. That sounds more like someone that went all in on FRR, which although i feel for those that did such act, we all know we chose to gamble here.

I hold with 9 other shares, i rarely post on them unless i have something to say. I have been quiet on here recently for same reason. However your blatant attack on FRR and obvious support towards Hope has invited a response from me many times today. Especially where you suggest that Hope had to collusion to try to take FRR. I am sorry but history proves other wise.
Zaza may or may not have made a mistake here, but without doubt the corrupt and damaging director for FRR (IMHO) was S Hope.

Because Hope is not stupid.
The debt would get bigger due to these actions. He had to appear to be helpful as director for sometime. he also knew this would go to court and so needed to wait for the right time . You lure your prey into a position, rush it and you get it wrong.

The interest due at that point was peanuts and a court would certainly look at it very dimly if a company was being taken away due to one missed payment and in short space of time. He would also have shown all his cards if he made his move too quickly.

What happened in 2018 was FRR forced the issue. This was most likely against the timeline that Hope was planning. This would hopefully wrong foot him.
If you really believe that Stephen Hope was our guardian angel then you are delusional. Hope is a businessman who will take what he can from who he can.
He buys debt cheap ( quite legal) then squeezes the company owing the debt.

Please answer these
Do you think Stephen Hope has interests of shareholders as a director of FRR?
Do you think Hope acted in interest of shareholders or OMF during board meetings?
Did Stephen hope ever meet shareholders ?
Did Stephen Hope orchestrate a hostile takeover attempt in 2016/2017?
Would the only method Hope offered company, lead to default down the line?

Lastly, would Hope and OMF be doing this if no value in block 12?
If answer states value in block 12, then should he have allowed that to come to fruition therefore looking after both shareholders first and OMF secondary?

The only thing that makes me smile on this, is the action has allowed FRR to remove Hope from the board. I believe that is a rope that was around our neck being removed. I also think that Hope realises that he has lost battle with FRR in that what he may win will be a small insufficient piece, that he has in fact snookered himself, and that may be the reasoning on him attempting to now chase directors.

Its a strategic game of chess, Zaza and Steve may well have out foxed the fox, so now the lawyers look at another way to get what they want, which is probably something that Zaza and SN did not forsee. So they play for time whilst they put their house in order, preparing any rebuttal and securing personnel assets.

I do feel you are strongly defending Hope and although Zaza and FRR have to take some blame i am not sure why you see Hope as some form of good guy .strange

Starage, You have proclaimed that there was no evidence that Hope was attempting a takeover.

I think what Hope has done previously with FRR and to some extent Madagascar Oil is relevant in that discussion. That is another company that OMF got delisted in 2016.
9th January 2017

MADAGASCAR OIL LIMITED

("Madagascar Oil" or the "Company") Result of Annual General Meeting

Madagascar Oil announces the results of the Company's Annual General Meeting ("AGM") held at 11am on 30 December 2016, as follows:
1 To re-elect Andrew James Morris Passed
2. To re-elect Stephen McCaughan Hope Passed

Mr Hope is the kiss of death for a company as far as shareholders are concerned, although the companies go on to prosper.
There is no doubt to the attempt Mr Hope tried on FRR to gain control previously, do you really think that changed afterwards?

This is why historic activity indicates the likelihood of intentions and when you look at them clearly you can see what the method and intention was.
I think many people here underestimate Hope, he is not the fool many credit him as. He is an educated shrewd businessman that takes unethical methods to gain from others. Its morally wrong and illegal, however in the dog eat dog world of business and big money its pretty much the norm. Greed and achievement is contagious in this world.

It is more likely that this was another attempt by Hope to take over a company than not.
The evidence supports this, although he was clever in his correspondence.
Historically we can see his unethical methods and also his corrupt means of getting what he wants.

Let me finish by saying you do not fight over an empty box, if that box was empty then Hope would not fight for it, he would instead work with FRR to fleece shareholders with placings and false promises. It would be so easy to say that they needed to increase shares and get it voted though due to needing pipeline or even to clear debt due to requirements to improve discussions in NDA. Hope would even be better getting 5m back that way, than taking us to court for a worthless block.
What does it tell us, ? It says that block has value. pure and simple.

Question is can we sail this storm and keep hold of it

On 21 July 2016, Frontera Resources Holdings LLC ("FRH"), a wholly-owned subsidiary of the Company, initiated liquidation through a Chapter 7 proceeding in the United States. As at 31 December 2015, FRH had approximately $30 million of 10% convertible notes due 1 August 2016. These convertible notes were issued by FRH on an unsecured basis and without a parent company guaranty, with FRH as the sole obligor and without recourse to the Company.
Then we had a restructure that means all should be paid in August 2020.
Now looking at what court asked for, is can FRR pay its debt in 12 months
FRR have said yes

I suggest if we had not moved Hope and his interference and in my opinion corruption against all shareholders, then that would have been impossible. It now appears it will be possible.
Lets also consider what Fiducial duties would include, i suggest it would include allowing every option to secure the companies future profitability. I suggest Hopes actions were the opposite,
If FRR had exploited the oil / gas then everyone would be making a profit including OMF, however sometimes some people want all the cake not just their share.
Zaza had a huge interest financially in FRR, plus willing to put in 5m more. Above who and what did not matter as if company failed then no one get more than 1% of what they put in due to lack of real assets. So the only asset really is contract and block.
Foolishly Hope has pushed FRR into a corner where all holders and debts are at risk, the only winners being GOGC.

Thats why in all honesty its in EVERYONES interest to resolve this, except GOGC who may still become the winners.
It really is time for Hope and FRR to agree to a amicable solution and this greed by anyone could end up as egg on the face with all losing.
There has been changes to contractual agreements here and in most companies many times, it what happens.

If i was Zaza i would too knowing what Hope was planning.
As a director , Hope should have been acting in best interest of shareholders not OMF

I argue that allowing a 5m loan to push company forwards from Zaza above OMF date was for a number of reasons more benefit to shareholders
1. It kept company going forwards
2. it stopped dilution that again effects Shareholders
3. It stopped debt from being increased
4. lf Hope continued he would eventually take over company by default, again not in interest of shareholders.

A huge failure in his duties.
If Hope had something to say to shareholders and wanted any changes, did he not have ample opportunities as a director to come to shareholder meetings and talk to shareholders, did he? NO

Hope was a fox in the hen house, Zaza tested his fudicial duties by offering an option in best interest of shareholders - which Hope failed. In my opinion Zaza then took on hope as the team could see the intended direction for FRR with the interference of Hope.

P.S this is not the first time Hope and OMF have assisted a company to fail so they can pick up pieces and reap rewards.
You can put lipstick on a pig, but its still a pig

Firstly i notice that you decided to make no comment on the historic attempt by OMF to takeover FRR?
Any reason for that? Know you can not argue against it and not suit you to mention it?

Then the emails
Zaza offered to pay in 5m, Hope wanted shares and increase debt. That rolls a can down the road which then leads to further debt and dilution. With any financing blocked the company will struggle to fulfil financial obligations. You need speculate to accumulate. If spending 4 millions gets a workover on a well, which then leads to 1m a month over several years which when multiplied many times brings stability, then thats the way forward. However if someone forces company to stagnate and uses that to ensure that finance becomes difficult via 1. Profit and revenue and 2. funding sources, then where does that leave a company.
It leaves it in a forced position of gaining further debt without positive action. Its a snowball effect.
In my opinion, Mr Hope knew exactly what he was doing, but was not a fool, he played the game of looking like a friend of the company with aligned interest, when in fact he was the fox in the hen house.

You can disagree as much as you like, as its down to interpretation, however you can not argue against the fact that hope / OMF have historically already tried a hostile takeover of FRR using underhand tactics that included, sharing confidential information and falsely claiming a company were interested in a farm in, when in fact this was proved to be a method of falsely gaining information and advice with a plan to steal the company via the back door. Argue that please

Starage - did you really say this ? ....... OMF didn't try to take over Frontera, that's the delusional thinking of people who are over invested in this and have to think of scenarios to make their situation feel better.

There was evidence recorded that Hope / OMF previously tried to take over the company at least once before, prior to him becoming a director. That is one of the most untrue versions of events i have read on here and shows either your lack of knowledge on historic matters, or an attempt to post misleading information.

The acts by Hope / OMF in 2018 also pointed towards forcing frr into the hands of others, although i concede that it is unkown for whos benefit. I.e there is a small chance that it would have been to protect all holders. That we may never find out. I believe a takeover was attempted and at a price many holders, would snatch with both hands today, but this was unclear and a few years ago.

We have too much missing info to confirm all we wish to know, but saying Hope was not looking to takeover company is ridiculous as its in black and white that this was attempted before and lets be honest, it also looks very likely from actions last year too.

I think some did not realise what i meant by possible but unlikely orchestrated.I did not mean by FRR and OMF / Hope
I actually meant by FRR and GOGC
Where block is taken away from us leaving Shareholders and Hope with nothing.
Then a new company takes over the block.

That company being a new private company with some very familiar directors. The benefits would be.
The profits would be higher to GOGC ( New PSA)
The money owed to FRR by GOGC is written off.

For directors - less money due to PSA but now split between much fewer people. The shareholders , finance deals etc having financed to a position where block 12 becomes confirmed as profitable then they are left out when those profits roll in.
This is a most unlikely scenario, however with political corruption and greed nothing can be ruled out.

It would almost be perfect, Hope goes for FRR, shareholders watch the legal arguments, FRR loses block 12. Hope win or lose gets nothing. Frr Ceases to exist. With little assets there is nothing for anyone with FRR. The GOGC do not pay the money owed. They sell Block 12 in an organised and planned sale to a new company. The directors of that new company sit with high political ministers in Georgia. A few high spirited meetings over dinner and drinks before sailing off into a very profitable sunset.
Its a conspiracy possible theory and very little chance of coming true, plus if it happened there would be a very high chance of being exposed.
However better to turn over every stone than just the ones that look nice.

Remember also the current legal action with GOGC
This could in effect be the ace card held by FRR, in a strange kind of way.

If Hope and OMF drag this out, then IF and its abig IF, we are not producing, then FRR could lose the block except a small 5% due to not producing.
That leaves Mr Hope wining what would essentially be an empty box. the full box having been snatched away whilst he bickered. Its an interesting decision for him to make, Fight on and find he wins but the pot he won is empty, or negotiate a fair settlement.

I kind of hope that the GOGC case is orchestrated and was planned for the action prior to it happening but that may be a bit to far fetched.
This is why i hope someone like Mole comes on here and just steadies the nerves, i can see how difficult this may be for FRR at this time.

I am sure that Hope / OMF are aware of the legal action Georgia V FRR and that must be playing on his mind. Was that article written (repeated) to give a negative slant to FRR who are not even listed for trading, or to ensure the message is received loud and clearer to Outrider and their lawyers that even if they pursue this long term they could lose the lot.

I do have another possibility and not willing to share it on here, all i will say is its a corrupt world where OMF and shareholders could lose out but some people sail nicely into the sunset.