Member Info for pyrotech

So who is the new management.
Zaza has gone, he was one of the biggest shareholders
IF Hope and OMF are new management, it would mean new owners have purchased company
( purchased as in received assets for debt)

I really hope this positivity here real, but can someone explain why we are so assured.

This is not me being negative, just been away almost all 2021 with huge workload and before i left this was looking rather bleak.
Money now or soon would be most welcome

Been stupidly busy with work
Can some one give a brief update where we are.
No rose tinted specs, just the facts and where any news may have come from.

I woke up early to check if Zaza had been and left the presents
Seems it was just Santa again.

Best wishes to you all, have a good Christmas and we still have our health (Shame about our Wealth)

Clutching at straws here but
Is the YA debt held for payment before the Outrider Debt?

Could YA pushing for payment be the final nail in Hope ETC actually receiving anything unless they agree restructure with FRR.
YA in effect pushing in front of Hope for the crumbs left if FRR is doomed to failure.

Hence forcing Hope to negotiate further as it would be curtains for him.
I know some like Mole will know the debt structure, i am fairly sure YA were in front of the queue.

Sat in the shadows waiting for news

Do not be scared of the big boys thou
I took a multimillion pound company an won
Currently taking on a foreign company where they settled out of court, although still waiting to see the colour of my money on that one.
Its never easy, but people think they are too small to fight a big company.
I took first one on my own and won.
Second one is a group of 40 people, we did no win no fee ( actually cost £200 to start) then 10% of what we get back. However i get 8 years interest and compensation which probably covers the 10%
With lawyers involved, the company decided to talk, and settle out of court.

So if we need it, we evaluate the full situation. However for now we hold on to hope, as that is easiest way to get our money back. Either SN and Zaza are in a worse situation than us, or we need know a few more facts.

For now it's more patience, until we reach full clarity.

I got too much to do today to be on here arguing, only popped in as my name was used.

Can i suggest you use your time now to plan actions for a number of the possible bad scenarios.
Such as
Who is accountable, why and when.
What info was withheld or misleading, evidence and who is the person or company responsible.
Where could Sh's find money as compensation
Any entities who have acted illegally immorally or illegally.
Chance of a basis for a case? Chance of success of any case and also chance of finance being available if other party lost case.

These things i hope we never need, but after the large lady has sung ( if she is in the house) these things put together as files and assessed would make a great starting point for the group to consider any possible actions.

Negativity now is not overly helpful, same for excessive positivity. Fact is we are in a dark place with little orientation, what way are we facing and travelling?, who is with us?
Its up to you, but if you put a worst case portfolio together and made it available if it comes to that, you would have my backing.
I can tell you, i have looked into it, unfortunately what i have, suggests if this goes, my money goes without recourse. Just maybe you have a different road.

"Says the 'person' who excitedly informed me he had made a complaint to me to the FCA about me. Then he went very quiet. Sums it up"
I hope that is not aimed at me as i certainly have not said or implied anything like that EVER. You have me mistaken for someone else. Feel free to go right through my posting history.

It's not and still not accurate or true. Your not worth the time, so uneducated and i would be wrong in taking this further, as you really are just a child looking to cause division and arguments on a BB. I never go on the old MTV, TXO boards as its finished. So if your so sure this is 100% gone why are you here? I honestly do not get that.
I have turned the stones over, i have many theories on what could or have gone on. More than i have voiced publicly on here. I have not got any evidence that this was some elaborate scam. It feels more like possible bad management and the Jury are still out on that.
If you have any ideas if / when we get to the end of the road, You can then share them, maybe even some useful thoughts on how to progress. However right now we are in limbo, we need clarity where this goes before we can react.
People have every right to have positivity whilst a glimmer of hope remains, no one here has any idea what the company is trying or not trying to achieve. Do i think i have lost my money here ? Probably. Only when the curtain comes down can i draw a line under it and see if any course of action is appropriate and likely to have a positive outcome for SH's.

You missed the point, stop using other peoples names in your arguments, keep it between you and the person your arguing with, especially when mis-quoting or misleading with my name.
Also you need to retract the comment that i am a fireman, i am not and such accusations or assumptions need to be removed and you need to get into 21st Century.

Starage, do not bring me into your arguments. Lets set that misleading comment right.
What i said, and some people agreed with, was that we look at every option when the time is right.

If this goes bad, if something smells bad about it then maybe we look at other options.
However let me also make it clear that with wrong doings at MTV TXO and GKP nothing was ever done.

Thats not suggesting FRR have or have not done anything wrong, but if or when the large lady sings we will evaluate the situation.
As fir what i do for a living why are you making something out of that? Perhaps you can share something good that you have done for the last 31 years.
If not perhaps you could do something good today , may i suggest leaving this BB may be a good start. A good thing is not about doing something that make your life better, it's doing something that makes other's lives better. So my suggestion really would be something good that you could do.

Thanks Mole
That pretty much clears up where we are and highlights the risks for us as shareholders. I did not see that type of restructure so its opened my eyes a bit.
I actually enjoyed those shareholder meetings in London and meeting many of you from on here and the other place. Some great characters who were all in the same boat.

My gauge throughout all this has been your stance, where others dreamed of Majors and sell off you seemed very cautious and that really did keep my feet on the ground.
I take a little positivity from your post, but feel that you are still swayed towards this not going our way more than us coming out smelling of roses.
I believe this was a real business opportunity but circumstances and greed got in the way. Most likely some bad management decisions too.

All i can suggest is if we do see us lose as shareholders, we should all still meet up after Covid, for the Wake of FRR. So either way we all have that one last drink together to discuss, moan and share our stories.

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,

https://www.youtube.com/watch?v=pSW_v__3xdI

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