The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
Why are you trying to change the subject again
Please answer my question
Is that you, whos details you just put on a BB
or is it someone else's details you have posted on a BB
Please also confirm if you thought you were posting details of me
You did not answer my question last night
Who was the Mr Morgan you referred to
Why were you saying your from Swansea and work at Tata Steel?
It was rather confusing so please elaborate
Hi Star
I think maybe the default had to be recognised and applied before injunction could be applied for.
The YA thing had me thinking something was up way back. Then the YA thing was brought up in last meeting by me. Zaza played with it, saying WHO?
Anyway it seemed then that something was going on and suddenly the issue dissolved
I could be wrong and it could be curtains, but i am still sleeping comfortably because the pieces of the puzzle seem to fit fairly good for us. You need to go back 4 years to see the start of this game.
I can post freely as the Share is suspended. I have been called a ramper due to my positivity in this. Lets face it how can anyone ramp a suspended share?
The way i see it the only ones who could have a reason to speak to change things are shorters
If FRR does not come back, my positivity effects nothing as how can it effect a non existent share price?
If FRR does come back, my positivity effects nothing either, as we will already have proved that FRR will be okay by time SP is live again.
However shorters and their posts
Again if FRR does not come back it effects nothing as can not change a non trading price
If FRR does come back, their negativity may effect peoples decisions to buy or sell, I.E they may be in hope that sells start straight away due to worry to give them time to get out.
All long term holders here know whats at stake, 1m, 10m or their 60m shares that they purchased. Some obviously have life savings in here, so worry is natural.
Shorters do not know how much they could lose. Positivity here will not effect anything and will not cause people to buy or sell. You Can not do either.
When you can buy or sell (if) then i would suggest at that point things are looking pretty damn good.
So those with the ramp list, what a joke, how can you ramp a suspended share.
Its all guess at this stage
however
As you say, Mr Hope knows exactly what he is doing.
I have to agree, the guy knows how to force a company into a corner by either continuing loans until the stranglehold is complete, the plan being to stop a company getting finance elsewhere causing default. So the plan was to strangle us from two angles to force a default.
So in that respect, Hope knew exactly how to orchestrate this plan.
However, i feel that Zaza and the team, realised what was happening and set their own plan into action.
It looks like a trap was set for hope
The details are muddy but i suggests one of two elements to the plan.
1. The company have damming evidence to prove against Hope / OMF so we ruin the plan using that evidence with either court case or OOCS
2. The Injunction allowed us to temporary stop Hope from vetoing new finance, and win or lose we get option to pay in full.
Both these options should get Hope off the board permanently on completion, plus we will no longer owe Outrider anything. This releases FRR to get full value without the restrictions and choke hold that the parasites had on us.
The ace card was played when FRR refused to except Hopes funding option. Hope was expecting a desperate FRR to relent, clock was ticking towards default so he would have expected FRR to be forced into a corner where his became only quick viable option to stop default.
However, FRR allowed default and went for injunction, the evidence most likely being compiled for months in advance.
Did Hope contact YA, to try to cause a issue a few months back? Was that his ace card where he thought FRR would need to take a loan from him. Was there communication between Hope and YA. Did FRR and YA make a deal and the correspondence showing what Hope was trying to do get released to FRR. Proving without doubt he was acting against his duties?
I would suggest Hope has been complacent and relaxed whilst taking part in a scheme he has done before, Unfortunately he was not aware that FRR were preparing for it and played the game in a way he did not expect. Whilst he had his eye on the queen, he was unaware that whilst going for the queen he had left his King unprotected. So fixated with his grand prize he ended up in Check Mate.
This is far from over. I think that on this occasion Hope has been outsmarted and how will become apparent rather soon
IMHO
Personally i am unsure
This was answered two days ago and those that answered suggested we could pay in full
This would make some sense, We needed to get the finance thru to do this, but hope was veto each time.
If we get it sorted when he is suspended (my opinion) then its a very clever way of enforcing the removal of parasites
I would suggest if that is the plan, that FRR would have checked the law on this first.
I would also suggest once FRR do have that loan, that Hope will throw the towel in as he has nothing to gain by fighting on, in fact he could lose more. So as i said a few days back, if that is the case. when finance is available - Hope is in a no win situation where a draw is best he could hope for and on that - i would suggest lawyers thrash out a OOC deal
Is the action Outrider took with Madagasgar Oil Company, delisting it and paying peanuts to take over a company from shareholders - just leaving certain hedge funds as major shareholders
These are parasites of the corporate finance world, They would sell their grandmother to make a profit
Frr i do not think would ever do business with them, but unfortunately a debt was sold to them for 25% of value getting them thru the front door, via stealth.
These parasites action methods to cause a company to default and so they then take that company for a fraction of its value.
Like FRR for £30m
Perhaps now you can see why the selling, to keep the Mcap in a certain range, this makes the asset they take look not so outrageous.
True value then ulocked after Hope/ OMF/ Outrider take control, but before they delist and ensure the value goes to them in full.
Good luck to our BOD and i hope we end this Company from ever having the ability to do this again.
A clause needs to be in debt to ensure outrider can not purchase debt, but that seems rather unlikely and so these parasites will probably do this to some unsuspecting company in the future.
For those who question the comments by TW, and shorters, i need you to turn that around.
Do you think Outrider and Hope are doing this for an empty box? No they saw a get rich quick scheme that is financed by Public shareholders.
I understand your point but paying the 2m would have given Hope / Outrider 400m shares or increase in debt plus interest at a extortianate rates
A little like your loan shark stopping you taking a low interest loan from high street bank and insisting to pay some of what you owe him, that you borrow more off him. So your situation gets worse until the loan shark ends up taking everything you own.
Zaza could not pay using his own money, Could not loan elsewhere as Hope kept blocking it.
What do you do?
Like the loan shark you either roll over and give in, eventually losing everything you have, or you say enough is enough and take him to court and refuse to except his new conditions
Hope/ Outrider/ OMF are bullies, the intention has always been to steal this asset from Zaza, me and you all.
I think and hope that Zaza and the tea have the evidence to sort this, but this company was going to Outrider anyway. If we had accepted the loan, and with Hope stronger on the board with the loan we would be slowly but surely face a point where payment was impossible.
Outrider holding all the cards and more so every few months, more debt only to them, at an interest rate that doubled their holding every 7 years the amount would double. Meanwhile any chance we had to break the vicious circle blocked by Hope / Outrider
I would suggest without this action we would have lost the company to them, with no recourse
This way we have a fighting chance and if that smoking gun is out there we have a high success chance.
Remember Just a week before, zaza hinted he takes action only when he has the evidence to win.
I am very sure YA have a part to play and the evidence will rid us of a parasite that was eating away at us from the inside.
Does anyone have any cases where a member of a board blocked payments to pay a loan and he was involved in the loanee?
Or anything similar
For me this is a little like this
Your employer defaults the pension you have been paying for 20 years - taking back all the benefits, due to you not paying contributions on time.
The reason you have not paid contributions on time, is because that employer has not paid you on time, due to you not accepting the new pension terms ( so punishing you)
So because you would not accept new terms that made your pension worse, The employer blocks you or makes it almost impossible to make your pension payment by restricting your pay to cause default.
If this went to a UK court as example above, the Employer would be seen to have acted as a bully and illegally in a way to illegally force a change not in the interest of the employee, I would think the pension would be reinstated and the Employer fined for activity they did.
Both parties in that case would see their employer / employee relationship broken down and the relationship would probably not continue. The Employee possibly compensated for that.
This is pretty much what i see with FRR and OUTrider
The pension change not in best interest of employee being the almost forced to take a loan of higher interest from OMF.
As with the emails, i think that in those emails Mr Hope was very careful and somewhat covered the basis of this happening in future, i would suggest the real evidence comes from emails to other sources such as internal Hope - OMF, Hope - Cairns and that Frontera had those before they took this on or at least proof of existence.
I do wonder if YA also had emails and that becomes the smoking gun.
nyway does anyone have rulings on anything similar in the corporate world of law
I see the fact that the attackers made the statement that anything FRR say without a Nomad should be classed as a lie, a panic by shorters.
The Email with BP was stumbled upon.
Everyone knows already that only info that should 100% be relied on is RNS
We also know that communication is limited without a Nomad.
If FRR do give any info, like Loan agreed, BP signed MOU and anything else positive, those attackers will dismiss that info, which they preempted.
Why?
Because if we get positive news over next week, then a nomad the week or so after, the SP will rerate. However if any news in between is ignored, then the attackers would hope that the SP will rise slower and so they have time to get out.
The SP is suspended. UNTIL A NEW NOMAD
Any news FRR do give out may reassure people, but not effect SP as no one can trade, so ask your self why are they worried what a non trading company may or may not say whilst suspended?
The only reason they could possibly worry about it is because they believe it would have an effect.
To have an effect they must believe FRR will trade again
Which means FRR will have a new Nomad to do so.
I see that vey statement that FRR could give any info they want and should be ignored as a massive positive.
The only reason is because they are worried due to above, as if not FRR statements are meaningless if never traded again.
I suggest strongly that shorters are worried
I have been in a number of companies that closed for ever on Aim, TXO. MTV etc
When they suspended and later delisted there was no attack like this, the attack is due to anxiety by those who may lose a fortune
IMHO
Mr Jones
Thank you for coming on here and giving your research and advice on a share you hold no financial interest in
We all know you are giving your time to educate shareholders and try to help them and your knowledge is far superior to any one else on here.
With your charitable donation of your time to support us and help us at this dire time, for no reward for yourself, may i suggest we all put your name forward for a nomination to become recognised as someone who has done much to help others in the queens awards.
Your selfless actions to others and giving of time over a Christmas period, where you could have been enjoying festivities with friends and family should be recognised.
I have two numbers that are of specific interest, may be put them on the lottery as they seem quite lucky to me
2 , 16
Can i recommend you take a well earned break from saving people and your charitable donation to this Board
Yes Mr Jones is clutching at straws
-22.4% returns
1 correct in 17
which is 6%
What a guy to follow
Mt Jones if your following people like that, its no wonder your losing money.
P.S with his history i am so glad he says FRR is at an end, he is wrong 10 times more than right.
Think you struck an own goal with that one
Carry on playing?
What a pleasure to see your return here
Please go and read my posting history for last 24 hours and pick up on Mole Devex and other posts on here.
FRR Dead? or is your short in for hammering? Nail in the coffin comes to mind in regards your short. Guess whats in the Coffin? Put it this way, its not an empty box.
You see my little short friend, Whilst those parties are fighting over a rather full box, your short could be totally destroyed and that little coffin box may contain everything you own, closed down with a few nails.
You see, when we invested we put money we had, into FRR. No one wanted to lose it, but its money we had available to invest. So we know what we risked by going long.
You thou played a dangerous game where the amount you could lose is infinite, what is the ceiling that FRR COULD open at? 2x , 10x even 100x with a win and BP named.
Thats sounding pretty painful to me, for anyone with a short.
So if you want to stay and play, please do. But you may have nightmares tonight if you read all i have to say.
oh and by the way, sorry to inform you, but being negative and trying to persuade people to sell before result is pretty pointless, the SP is suspended so it makes no difference. When FRR do open and with new Nomad announce opening alongside a string of good news, the SP may be that nail that locks all your assets away.
Play by the sword, die by the Sword
Wanna play?
Hi,
I have no law experience and someone else may answer better.
However my limited understanding of it is that...
There are different injunctions, and one needs to be finished before new one started, so a temporrary one may need to be closed then reapplied for and opened as a more long term injunction. pretty much just a technical change.
I every hearing it is likely that Outrider / hope lawyers will push a motion that the injunction has been run long enough and should now be closed. Frr lawyers would counter that with a request it stays as until the hearing is completed it is relevant.
Hope's lawyers would probably push the boundaries to see if FRR can get finance, as without it the case is 50/50
Those lawyers also make a nice bit of money with that clock ticking.
If FRR get the loan, or if damming evidence is in Hopes correspondence, the time will come where lawyers will advice an out of court settlement, with FRR in driving seat.
That would make Frr in to strong a position and lawyers would advise their client in best interest. How ever expect the lawyers to milk this a bit first, a big company case would bring some nice income to both lawyer firms.
So without seeing evidence, without knowing if or when finance will be agreed. it is dificult to see when certain moves will occur
This was to tell us before the proceedings started - a reassurance
The dates show that on Thursday Oct 4th, we had the meeting the exactly a week later the Injunction was started in the Court - Thursday 11th Oct
See below
On 18 December 2018, the Grand Court held a hearing regarding injunction granted on 11 October 2018 and, on 21 December 2018, ordered that it should be discharged, however the Company is going to appeal that decision with the appeals court. The Grand Court also ordered that the injunction should remain in force until the next hearing, which is to be listed in January 2019.
So i think Zaza knew what was coming, dropped hints but obviously could not tell us all
We have to read between the lines
Eventually the dog will catch the car 1hour .17mins in, this was in relation to how company was doing and the SP
YA is at 13 mins onwards and clearly states at that time investigation on going and they were helping with info.
At 29 mins unless we have extremely strong position we do not make a move.
https://drive.google.com/open?id=1iHepc-YZW6lhx6NZF3hym5eF9y2TvLZb
you are correct and that was Oct 4th. plus we have recording of that meeting. this had been going on since April. so not only was it known by Zaza that something needed doing. but also if you listen with hindsight it would seem we were given clues
Firegazer
The only one who would fight over an empty box
I know something
Evidence is there in black and white that Hope and Outrider colluded to try to steal FRR around 4 years ago . That is requested in the evidence.
Do we know that FRR will definitely win, No.
But its been pretty much ascertained that if we have funds to pay off OMF even if we lose, then the company will move forward.
I think also agreed if Hope Veto's that finance that allows us to do that, it would show with very little doubt that he is acting not in the interest of the company. The deal is by far a better one than offered by a company he is associated with that he should be acting impartially on.
IMHO its pretty much Check mate for hope. or at least in worst case for us, stale mate where know one actually wins and both walk off into the sunset with what they were due
FRR the company OMF their money
From where we were on 24th thats not bad on 27th and in between we had two bank holidays and lucky for us one and a half days suspended trading
Fact is also you used to be a positive holder here.
But you did always say you would fight over an empty box
Some one answers that a few days ago
i believe the first is temporary and has to be lifted before a more permanent one can be put in place until the hearing.
I think the lawyers battle it out but if FRR had a basis of a case then it would be easy to reinstate the injunction.
I think it means very little thou as just part of a normal process
Hope not supplying relevant paper work by the first deadline will not have helped his cause.
Maybe he was playing for time regarding seeing if loan was forth coming
Maybe he was trying to make a deal with FRR but we shut him out for a while, letting him get more desperate before opening the door to hear his offer.
There is no dead cert in life, and this is certainly not one, but iwill sleep easy tonight as i am pretty sure the pieces of the puzzle i mentioned earlier are somewhere near correct, just not sure what order they all go in.
Regardless anyway as trading is suspended
I fear on initially hearing the news i would have panic and sold, that opportunity was taken away from me, and i am now fairly confident that i will be lucky that it was.
As research over last few days has revealed info the outlook looks alot more positive than it did pre Christmas.
A nice Christmas present indeed if hope is removed permanently, BP come on board and meanwhile those who have tried to destroy the company with shorts and negativity get kicked where it hurts
Plus the you do not fight over an empty box
keep the faith all