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Hi pop head
Read the next post that clarifies the potential
The 2p at todays share in circulation is a start point not end point.
The potential is massive

However to keep feet on the ground, and to keep those on the other site who get everything wrong including my identity from getting overly excited and peeing their pants, i have kept the upside to what i consider a low and easily achievable amount.
I added fiqures that are real, for people to make their own mind up for what COULD be achieved.

Firstly the posts last night about Malcy

Those saying he is a paid ramper, well for what point?
FRR is delisted, i have met Malcy and he is a genuine anyyst.
I am not saying he gets everything right, but he knows his stuff and is often kept in the loop in the oil and gas business in general.
He has no reason to ramp FRR, The company now has no reason to ask or pay him to ramp FRR
It makes no difference.

He was very adamant about having his say on FRR and he was very positive, thats not to say he is right, but i feel he was trying to reassure investors and the only reason to do so would be, as its what he sees.

Now consolidation
Zaza has mentioned this in meetings but wanted to do it at a time thats right for shareholder value.
There was no number given as far as i am aware, however its done to tidy up the company and to make the shares look more attractive.
I suggested 100:1 as it leaves 150m shares and Zaza did say FRR should not be a share at under 1p
I think having billions of shares also looks unattractive so 100s of millions looks better
On that basis i see somewhere between 20:1 and 100:1 share consolidation

That is very possible before the private company gets taken over.
So how i see things ( i hope things happen)

A consolidation of shares
Operational news update
Court update and finalised
BP involvement
Value of company increases
Offer of buy out comes in, now without as many hurdles
Shares are paid out or swapped for shares in another company .. i.e BP shares at a share swap thats agreed.

Im working at shares converted at 100:1 and value of 50p share when happens
However remember you now have 10,000 shares for every million you held.

Value increases to somewhere between £1 a share and £2 a share. based on Court and operational news.

BP buys out FRR at 20 FRR shares to 1 BP share (approx)

So you now have 500 BP shares for every million FRR shares you held
Value approx $20,000

I did throw my toys out of pram Thursday, its been a hard week, death in family, sad news about a new footballer at my team (CARDIFF CITY) and then delisting here.

I still have hope, and the above is just one version of what could happen from here on, but can i make it very clear to those who are dismissing Malcys comments, he has nothing to gain by lying, Company does not need Malcy to promote FRR and its not listed. He has done this because he wanted to and i suggest because he believes what he said
IMHO

A bit of a panic yesterday, i came home and saw the two RNS
I still think some more info would have helped and would like to see a video communication from Zaza.

However today i picked up the toys i threw out of the pram.

Nothing can be totally dismissed and god i have been bitten by some dubious companies on Aim.
However this is not dead and buried.
Malcys info was very welcome and good to see yellow Jersey have not abandoned us.

Yesterday i looked at the dark side, today the light.
Its possible that the court case will be prolonged or at least company have to prepare for that.
So if a new nomad had been appointed yesterday, how many would have sold today?

I suggest with unknowns and risks many would and SP would be destroyed. So is it a blessing that without the court case being completed, that FRR remain off the market - delisted of course now.

Frustrating it will be, as info and value of FRR will be difficult to gauge now, and ability to sell at least for a while will be difficult too.

I do get the attempt to gather info on shares and holders, but with those good intentions be very careful as i suggest your breaking dp laws. Even if people willing to share the info.
It would be prudent for us to leave it to the 3 who run FoF previously as they did some due diligence and are very well informed.
I know Mole is able to get direct comms with Zaza and so a very reliable source.
Please do not see this as any critism, i take my hat off to you for trying to arrange something, may be because of what you started Devex et al will set FoF again which would be fantastic

I have no option but to hope and pray this comes good and as i said at start nothing is off the table, but after sleeping on it i believe Zaza is sincere. Yesterday i just worried and compared to some other companies, but i think we are in a different place

**** i do have a question thou, in those other companies my shares went to zero in Barclays. disappeared into thin air. Where do our shares go now ? Seriously TXO, MTV delisted and shares went into a black hole with no info on what i once held. They were in a normal account but without record not even put as tax losses.

We are still in same boat thou, painted a different colour but same in many ways. Zaza and others also appear to be in same boat. I suspect a 100:1 consolidation but hopefully at a very good price . 170m shares in circulation rather than 17b . I would hope to start at 50p a share and see it rise quickly to over £1, which would be 1p in old money.

Anything is possible now. But if you do get a trading program for shares - remember the shorters need to cash out or they lose big time. So do not sell early, wait for FRR to have opportunity to sell to a major or increase capacity with one.

Good luck all, Zaza please do a video of reassurance and when you can please share the future plan.
We need all the straws we can clutch right now as its a red or black gamble that we are stuck in.

There was no point in worrying since 24th December, we could do nothing and a positive outlook was all we could hope for. It gave hope over the xmas period.

There are big questions here now.
Why could they not find a Nomad?
These are not that hard to find, so either their due diligence, came up with something they did not like, or FRR did not put much effort in to find one.
Is this all part of a plan?

Going private is not always bad, but often is. I have been with a few companies where i never hear off them again.

There is the possibility that this was a orchestrated plan, i hope not but its possible that Zaza and hope are in bed together.

Selling shares will be more difficult, getting news difficult, regulation is gone.
The news from company during this period has been really bad, they could have said anything to us, but chose not to. There would have been no change in price or ability to sell. So why not be open and honest.
I would have expected a message of reassurance from Zaza today, maybe we will relist asap or something in that order.

A video message from Zaza would have been good.
There is no way he would be lying down to lose money, so without the ability to sell shares on market he must have a plan. If sold lock stock and barrow to BP we would all be okay, even if just breakeven. However i do not see that. I either see Hope taking the company in full, which would suggest that its a plan with backhander, Us paying for the company to reach a point, then we lose company and Hope makes the money big time. Zaza (in my opinion) would benefit from this as a back hander with Hope then selling company and the BOD including Zaza and SN in on it to get a share. It then looks like Zaza lost like us, when in fact he was part of the scam.
I have never had money back from a company after going private, will FRR be the first?
I suggest we prepare to sue Cairns for not doing full due dilligence. Zaza for misleading investors.
This is very similar to TXO, where the board used shareholder money to invest in private companies. They closed down TXO and then them private companies flourished. Guess who owned those private companies, yes the bod.

I am not worried so much about delisting, its fact no clue its temporary and the lack of empathy and communication from the BOD. I thought Zaza was busy, not hiding.
Fact is the company could have asked every shareholder to pay £5 for every 1m shares they hold to pay Outrider off the interest which would have been excepted rather than losing the bloody lot. Feel pretty sick tonight, all my savings gone

Tsbs
I can not argue your points as there is so much unknown.
We are guessing a lot and can only assume that telling market everything would have played into SH hands.

Mistakes have definitely been made, and your right, regardless of outcome this has cost some alot of money already due to different circumstances.

Unfortunately Hope/OMF/ Outrider got a foot through the door early on by buying dept at discount rate. I am not 100% sure but believe that FRR had no say in that matter.
We know that they tried a T/O previously and it was all underhand.

That for me shows intent and that we need to be very careful with them in future. I can not see why anyone would believe the intent for same outcome would suddenly go away.

Now, i suggest we had our hands tied and were forced to have Hope on Board.
This now is bigger problem as he has more access to all kinds of data and info and somehow can veto a deal.
That alone is unusual as normally would need more than one to veto a deal, however i assume its written into agreement when joining board, possibly just on finance.
I can see this as he had financial loan to company ( regardless of how) and so may have insisted on that.

Now what we do not know is how much due diligence FRR have carried out to plan this outcome.

It is obvious we need Hope off the board, i suggest a loan to pay off in full ( or enough as deal) with resignation is the plan with enough evidence for him to agree is the plan.

The unknowns are the strength of evidence. The wording of agreements and the law and how applied.
We do not know if Zaza has played a blinder for us or whilst holding the aces , played the joker. Time will tell.
Unfortunately all we can do is wait.
Why worry now, it causes stress which is unhealthy. What will worry change?

Personally i will sit and wait, then worry if it goes wrong and plan my next move, or congratulate Zaza and all holders if we come out of this as we all hope, with BP then mentioned officially as interested party.
We can come up with all type of conspiracies, but for now i think lets get news one way or other then we can see more clearly the way forward.

Firstly YJ are still acting for and so being paid for by FRR
How do i know this? because they sent email today

"Zaza in deep discussions and working hard re new NOMAD that’s all I know . Understand your and others concern, please remember that the FRR Board also has a lot to lose and this timetable was not there making but Cairns.

Rest assured we are not sitting on any news ! Just need to find a NOMAD which with all the regulatory hurdles takes time"

Now this talk about info not being shared by company.
Firstly the loan, 2020 we all knew about, but not the nitty gritty between

Well this was just the in ad outs of the deal, the interest of 2m was not an issue, it was normal business.
The issue was just Hope stopping us paying.

Remember that and you start to understand things:
Even Zaza could not put his own money in to sort this as hope was blocking it.

So ... Zaza would not want Hope and OMF knowing his next move, so if he said at meeting we had serious issue then it plays into Hope's hand. It would inform him that maybe FRR where planning an escape from the strangle hold. It would possibly compromise the situation. Hope was probably given until the 11th hour to allow any other deal other than his own. So why would FRR jeopardise that ?
So reason not told issues was because no issue until hope failed to allow non payment and go for default, until that completed there was not an issue. Zaza was happy to pay money himself or had payment from others at better price.
You all know that we also had share available that could be used to pay - so there was not an issue with making payment, the issue was hope vetoing it and shouting about that would be detrimental in forewarning the creep.

That really is a non story folks.
The risk here is that we have to hope Zaza has got the evidence and legality to take this on for reasons given in court paper, i would assume that they have. Lots of time to prepare and possibly a link to the YA story too.

The main job hope had was to protect shareholders of frr without contrast of interest. Now i believe he failed that and big time.

So the loan payments we knew were til 2020 and each interest payment was part of it, there was no news needed to that. We had means to pay, so no news there, the news we could have was about hope and sharing it is not a good idea.

I am anxious as we do not know the evidence and law in these situations, in fact this is rather unusual situation. However i feel that the bigger issue is Nomad. That delisting and time taken to get a new listing and the tax implications for many of us are huge.
Unfortunately i would expect FRR to leave that to 11th hour too, so trading is given max time before commencing to allow good news.

The news blackout is interesting, i have heard nothing from tw for weeks and i am sure he is involved in communication with Hope.
GLA

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