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tmhsdx6 no not yet, but may be significant amount here.
However as you seem a little uneducated i will explain a bit more, i am not blaming anyone.
Aim is a vehicle to finance up starting business to allow a business to attempt to get a foothold
It is high risk V high gain ... Correct?
So investors are financing a business to try to become a profitable business in a global market where failure is as likely as profit. The risk being company product, service or concept fails to make a mark on the market and fails to generate a profit. Thats excepted by all investors.
However today in aim and for last 10 years plus, we have had a new type of business, the scam.
This is where a business makes a concept or dream with little to no effort to actually get to the end game. The only plan is to pay huge wages and bonus to CEO and BOD. This includes high bonuses, sometimes in millions for poor performance. A company can lose a million in 12 months, and pay 500K to CEO with a 1m Bonus? Where does that money come from? Placings and investors. There is no incentive for a BOD to get a profit from a business as they make huge profits even if its failing. That is a scam.
Lets give some examples where i was lucky and got out with small loses.
GKP - TK fails to tell market about selling shares, until all sold. Information came to light after court case win that all was not as as thought and communicated, TK got out lining his pockets and taking all shareholders money with him. £2.40 to 10p in weeks.
MTV and their disruptive technology, was it a real business concept or fake cash cow? It may have been real once but technology overtook it whilst they were still flogging a dead horse. Bad management or scam ?
TXO This was beautiful, Oil slops recovery, had all the green environmental cards too. New tank farm in Bahamas, the amazing barge " Martha" . They also invested the company money (shareholders cash) in 2 private companies.
I did some digging,
The tank farm was a computer simulation and nothing actually built
The barge Martha was a rusty barge that was scrap metal value at best
Then the two private companies, Millions invested in them promising TXO shareholders this would benefit the company with profit sharing from the two companies. I did some digging, The BOD owned the two private companies. They both thrived as companies after TXO was closed down - shareholders basically financed their private nest egg companies.
Now if you think any of them are right then your really not that bright!
Aim needs tighter regulation with protection for investors, this includes limiting bonus for BOD of companies not in profit and can only be within a percentage of profit generated.
Limiting wages of CEO and BOD to a set amount and above only when in profit and a limit to percentage of profit.
Without better regulation the investing in AIM will dry up and ability for genuine new companies will be limited.
I do not mind a risk, research but like
Not exactly been a great year and we can only hope that elections go the way we need them too.
Even then we are waiting to see what happens with FRR the PRIVATE company.
Any news on OMF having a deal with FRR, or if they had deal with GG
Question for Mole is, if the company takes on a new name and remains private are we legally protected. Can they walk into the sunset taking lock stock and barrow with them and therefore all our hard earned cash.
Learnt my lesson with aim and never again will i play on such a fraudulent platform. I believed that regulation in UK protected people from scams and fraud, i was so wrong. the UK is the most corrupt country in Northern Hemisphere. Aim market here is a joke. I have seen so many goings on over the last 15 years that i really thought would never be allowed to happen. FSE are a joke too. They must sit in an office getting paid to play cards as i see no investigations or new regulations to protect investors.
Embarrassed to say i am British
What we are seeing is both sides flexing their muscles and fighting for the starting position.
This is normal in many things, we are seeing similar right now in the UK with Brexit trade deal.
A lot of huff and puff from both sides, with a deadline to a deal looming. the idea in both cases is that one side blinks first.
Most often a 11th hour deal is struck.
Meanwhile we have seen Outrider attempting to gain licence with what can almost be called a begging letter to the GG. This serves two purposes, firstly it could be excepted which gives OMF the ace cards, if not it stirs a response from FRR. Which it did.
Meanwhile FRR in response suggest that the licence will be lost. leaving OMF in a huge debt unless they do a deal with FRR.
So its just flexing of muscles and pushing and shoving. Unless GG do offer to transfer licence to OMF (Its been talked about earlier the complexity of that with YA etc) Then its very likely that a deal will be made, with Zaza actually holding the ace.
This is definitely a high stake poker game between 3 player, GG are odds on to win, but if FRR and OMF combine their hand they could take the house down.
As always just my thoughts.
P.S any legal action to be considered, would only be if we have lost everything. Until then its not helpful of useful. Just a option if we want to identify any options if the worst happens.
Good luck all
Sorry all, was birthday yesterday so today catch up was over 7 pages.
A few things stand out for me.
First it seems to me that Outrider did not want a deal, and wanted to just take over the licence. Zaza is threatening that he does not believe that is possible. It suggests Outrider have been in contact with Georgian Govt regarding this. Is this where Zaza has been side swiped. Is this panic by Zaza where bluff has been called.
It makes sense also to effectively put company in administration by closing the companies in Caymans. A final attempt by zaza to force a deal, as no company to take over and licence Defaults back to GOGC. Zaza hopes that takes the only ace cards from Outrider and its a lose/lose scenario for both. Talk to me so we all win or don't and we all lose kind of thing.
Not really sure what going private will mean to shareholders like us. It could be argued that the shares we held were in a company that no longer exists. That the spoils of Georgia are then shared with ZaZa , SN and Outrider. Shareholders used and tucked up like a pair of kippers.
Personally i think what happens next depends on what the outcome of talks between Outrider and Govt conclude, Zaza seemed to suggest it was unlikely that the licence could be held, but with an element of uncertainty. If Zaza is right then Outrider have to make a deal, if not Outrider walk into the sunset with our hard earned cash as assets. I surmise that the closing of Companies was the first threat by Zaza and Outrider have not given in to it. Zaza stepped down to orchestrate this, now stepping up again in public as its backfired.
Desperate will depend on how the situation on the ground is
If its in FRR favour then next question is where does it leave us SH's. I know one thing, if they do try to tuck us up i will be trying to form a group for legal action against the BOD and Nomad.
Thoughts are appreciated, this is after all just my thoughts and worries and not facts
Aim was designed to be a payment vehicle for start up business where said business would reward the investors for their investment. The risks being said company may try but fail.
Everyone thinks shorting kills companies, but the truth is a strong in profit company with strong revenue will not fail medium longterm. I disagree with shorting mainly because its immorral
The reality is that Aim is a cess pit for the conmen and women to abuse a system to cream money from honest hard working people. AIM market is a failure on what it was supposedly intended for.
One company i invested in had two private companies that it used our investment for. They showed how investing in these private companies would bring profit in the future. The fact is those two companies hit the jackpot, however the aim company then failed before payments from profit for the two companies came to us, some legal delays. So investors lost all. The issue was who owned those two private companies. The BOD did. You could not make it up!
Now FRR
How the hell has it been allowed to make same mistakes twice? They lost a very valuable field before and investors lost everything. Somehow FRR managed to start again in Georgia, again utilising honest money from hard working people. It stinks that FRR have lost in a similar manner again. Incompetence in the highest level or fraud?
Why do i see the possibility that FRR loses all this in the pantomime performance but two years later FRR Ukraine or FRR Moldova start investment push. Huge reserves under those Countries and a new dream formed.
Are we the investment where the BOD get a back hander? IS SN that INCOMPETENT? Something stinks and its not leaking gas. First move is to change the CEO, that means that you have no one in place to blame or call to justice, the waters get muddy and fingers point in all directions.
Just do not ever invest in anything Zaza and SN are involved in future. Those who say Zaza was honest and friendly, i ask you to look at all con men, they have to have those personal attributes to pull off a con.
I am very worried about my investment, i can handle i made a bad investment choice, but IF it turns out this was a commercial con on a grand scale then i will be wanting blood.
I am not saying FRR is a con or will definitely fail, but i have a feeling something is not quite right.
I lay the blame 100% on London Stock Exchange for the lack of authority and rules on AIM, There should be a cap on bonus and reward in line with profit or loss. How can anyone justify a company taking a $2m loan, $5 placement and $4m loss and pay the CEO $1m that is what is happening at some aim companies.
If you open a shop in a town, your wages would depend on your performance and the income you generated, why is it different on aim. Its because its a vehicle to move money from the poor to the rich. Aim is a modern day Robin Hood in reverse.
Good luck all,
Watch the end of this video , last few minutes talks about Russia recently practising for an assault on Azerbaijan to take over the oil and gas fields, in regards to the war going on currently.
Nato surely could never let that happen
A bloody war now between our two neighbours
Plus Turkey backing one side and Russia the other.
Nothing surprises me with this any more
I would suggest Court case would continue until all documents and deals signed and agreed. Just lawyers would insist nothing stopped until completed. They also get paid longer (more)
Zaza going may be very promising indeed, deals for takeover, deal with GG
It could also be that things come to light that make him look bad and so resign as CEO was only option.
We need to keep this balanced , until we find out more.
Can anyone confirm what Mr Carter believed this was about and if positive?
How did he know this 19 days before anyone else. What date did Zaza leave? before he announced it or after?
Plenty of super sleuths on here to now dig in a certain direction and reveal the answers which will give us a better idea of whether is a glass of champagne this weekend or glass of council pop
Seems our Mr Carter knew a lot about this two weeks ago.
Thats not a lucky guess, it seems someone in the know.
I wonder if he is on inside, legally or within FRR?
I never saw the posts so can not tell, but what else was said?
Was it positive or negative
JJ.Carter if here please share your info and thoughts ( without revealing sources if necessary)
Hi all
between work and a sensible approach on here to limit posting to remain within certain sanity level, i have missed lots of info over last 10 days.
I notice the latest court note, what do we make of that?
Had someone mentioned it before?
I expect the worst but hope for the best with this as really can not afford to lose what i have in this pipe dream, it is what it is and not something i can change so sat here just waiting for the legal and political games to come to an end.
I do not think FRR had an empty box, the box was pretty full i am sure.
However i do question why shareholders were not requested to increase holdings to pay off outrider, with reasons and fully explained plan. This really could have been sold to us at SH meeting.
Then Zaza and SN, if they know we are sat on a fortune, why not use personal money as a loan to pay off Outrider.
Were these mistakes made by the directors ? Is there a plan that we are not seeing? or were they stopped from doing something?
I worry a little as Mole has been there and was on contact terms with Zaza, when Mole is less optimistic it does have a bearing on how i feel due to that.
There are so many strands and explosive diversions that frr are currently centre of. If Zaza is no longer a director would that be good for us, or just a get out of jail card for him.
I hope Zaza has made a deal and remains a major shareholder but for the good of the company taken a back seat with the good of the company put first.
Any thoughts folks?
As always one step forward and two steps back
Did hope block funding thou?
I believe argument was he wanted the funding to be from him.
Frr wanted it elsewhere as with him it was just putting us in worse situation.
The issue then was the funding coming before debt to hope in repayment
That in its self is a mess
Did hope hold company back prior to this, in regards to operations and funding?
Was in in hope's best interest for company to fail making payments and initiate default or was it his best interest for company to prosper?
A huge tangled web of possible deceit and sabotage. But by whom?
So maybe this comes down to how the law in the state views contrast of interest of a director, how they view what Hope did as director and if that broke the law, then in judging that we have what FRR can prove in regards to if that contrast of interest has been detrimental to the company and shareholders. Plus who would have supplied money and where it would take us to.
If we did lose, and Liquidators sold the company, who values it? do they just try to get back whats sold in a fire sale or do they also have to consider other shareholders (US) and get highest price possible and in that case can shareholders receive excess funds in form of a one off final dividend?
There was me thinking FRR were gone for a few months, it's heading towards a few years now. However as others have said its incredible that the power is still on here. Huge resilience.
Mole thanks for clarification, stay well mate
2020 has been one hell of a year and can not see anything good happening until 2021, just the way the year has been
I might be barking up the wrong tree her.
Am i right in thinking that if Outrider won in New York that assets they would seize are currently worthless. That meaning that with the GG having currently revoked licence that Outrider would win 100% of nothing.
So that puts Outrider in a no win situation.
So the only logical move for outrider is to compromise and come to a deal with FRR in New York with FRR hopefully holding the key to overturning decision by GG and getting production going, selling all or part of block and so in position to repay debt to Outrider.
I am perhaps now going to step over the line with what can only be called a conspiracy theory, which would be that GG are working with FRR with all this, forcing Outrider and Hope to negotiate as is it not possible, they would prefer Zaza and team FRR than team Hope and Outrider. That assuming GG believe that Zaza would want more for Georgia citizens than Hope would.Outrider having no connections with Georgia. Thus If Outrider want anything from the case, money back etc that they have to resolve with FRR to get it.
Mole can you confirm also if its a case that you can not confirm or deny any communication with Zaza, i understand fully if you sharing information would jeopadise any future coms you may have. So a statement stating that you do not wish to confirm any possible communications you have had may assist here, so that we understand that you can not be questioned much on info that you may be privy too. Of course if no communications that can be just said.
Am i right that currently any win by Hope, would be worthless? That would leave them in dire straits. If so, just maybe there is a chance of that light at the end of the tunnel being real.
Been away a while but poke my head in now and then.
This Election is crucial. In my opinion the Belarus situation will help Georgia.
When situations like this happen they spread within a region.
Belarus have moved away from Russian influence, they voted against it and now protest against the corruption and rigged vote.
Yes he still stands but the foundations below him have been shattered, neighbouring Countries are supporting the people, and the violence that continues to suppress the people will harden the fight to remove him.
The Arab spring is one such event that sought a change in a region, but more locally we look back at Europe in 1989.
In October 1989 Chauchesko ruled Romania with a hardline dictatorship. The eastern block was strong and allied to Russia and the Berlin wall separated Germany.
Before the end of 1989 Romania's dictator had been killed by the people, the eastern block collapsed to freedom and the Berlin wall was historically destroyed.
When people stand up against suppression it spreads as locally people affected by the same suppression rebel and protest against it. Often you will see the Military leaders suddenly realise they need to change sides so that they hold their positions.
So its a domino effect where one nations people follow anothers on a road to freedom.
If you have a wish prior to the elections its that Lenchenco is removed from power in Belarus and new fair Elections are held, this will really energise the Georgian people.
one word of caution is that anyone who stands in the way of the dictator in Russia (Putin) and his ambitions can find their health rapidly being compromised. Russia will do anything to protect its boundaries and communist suppression. Zaza needs to be vigilant as he seems to be a stronger voice in Georgia against Russia than even the Opposition
I think we can all now rest assured that FRR were doing what they promised for investors, but meddling by GG has been the main issue here. This meddling helped Hope to go for the jugular, as we were being held back financially by the Govt.
Firstly i hope they get their cash back with interest
For us and FRR this can only be a positive, it gives credibility to what we are saying
The big question is do they care if USA etc stop investments and money, or even sanctions by USA on their financial interests, or do they foolishly think Russia will make up the losses for Georgia.
If this is a very strong influence by Russia, and Georgia are happy to lose support from the West, then its like flogging a dead donkey. If That is a worry (Cash and support from the West) then this could be resolved.
If they are stupid enough to allow Russia back in with empty promises, that means they get bullied and lose all independence, with Russia raping the oil and gas from under them, then they deserve all they get. If they have not learnt the lessons now then they never will.
What worries me most is that this is second time that FRR have lost a contract.
How did FRR lose Azer contract and where did SN get his money from to start again in Georgia.
How can any management of a company make same mistakes twice. Surely after the previous fiasco you ensure any new contract is water tight in your favour.
Holding onto straws that my retirement fund has not been stolen away.
Well done that is amazing translation
I have added my funding
Stay safe all
Pyro
Well we are all still here, who would have thought 2 years ago that this would be dragging on, just when we were hearing of two majors interested we get a hit from behind.
Most of our problem is Russian influence. Russia lost to much in 1989, and recently it has tried to influence many Countries. Firstly USA elections etc. However the ex soviet nations really do have Russian influence with fake news designed to hurt and manipulate the political and public citizens of those nations.
Many news groups in Russia are owned or controlled by the kremlin. Thats a lot of power and influence.
For Russia this is pride and finance, Many Russians are happy about Crimea. They purchased second homes and holiday there. Russia is concerned about NATO moving East. Perhaps most importantly Russia sells Hydrocarbons to Europe. That means it gets an income from the sale and power where it can turn off the gas taps if a Country goes against Russia. Power is everything to Russia.
So FRR are sat in a zone where Russian influence is extremely important. Georgia of course an ex soviet state. Possibly has huge hydrocarbon resources and sits where transcontinental major gas lines run to Europe. Georgia becoming a Nato Country would be a slap in the face for Russia. If large Gas reserves are in Georgia then that threatens Russia financially and its strength.
So are issue is the political puppets it Georgia who have strings pulled by Russia, do not underestimate the power of Russia to influence the political votes. The Georgian Dream party, are to all intense purposes a Russian party, almost directly controlled by the kremlin. Its an Ironic name as the dream for Most Georgians would be freedom, enterprise and their Country to become a financially strong nation. Voting for a Russian influence will be like trees voting for the axe , trusting it because its handle is made of wood like them. The vote in Georgia should be before October 2020, so there is a chance we see political change. However that Russian fake news worries me. I think the West need to entice Georgia with a Carrot.
So i am starting to wonder if we are seeing stalling tactics now until the Elections and just in hope of change at a political level. Is the USA influence and letters the start of a summer of fighting for influence on votes by the two sides.
There was me thinking i could pay off my house in 2020, i can not pay off my phone let alone House
Good luck all, stay safe
Hi all, yes i am a bit glass half full today
That letter is two sided thou
First side is obvious, USA influence is evident and very much welcomed
However the fact that letter is in existence, shows just how dire the situation is.
What worries me is that we have seen the voice of America a few times over the years, but the dream party seem to be blind to it. I suspect that Putin will be countering that with strong phone calls of support and empty promises to the Dream party.
All we can hope for is political change in Georgia
The issue with that is the interference by Russia on global politics, they say they influenced the USA elections and possibly even Brexit. It is so much easier to influence Georgia elections. Good luck all, we need it ....Stay safe