Member Info for Sycric

Looking at JUSTICE KAWALEY
He saw Frontera and Hope - stay application at 10:00 11th Feb (Ky time)
He's writing judgements on 15th,19th,20th,21st,22nd.
Not to say any of these judgements relate to us though.

Might find that Zaza will be hoovering up peoples shares if they are selling up.
AIM rules will not apply any more i would assume he could buy up shares offered knowing potential pending news.

Georgian Oil and Gas Corporation to be privatised? (Page 10)
Maybe BP will buy up that as well.

Sorry if this has already been posted.

Frontera resources a member of The American Chamber Of Commerce In Georgia (Magazine)

"AmCham Company Members as of February 2019"

http://investor.ge/res/2019_1.pdf

So saying their worthless Timster is probably not accurate, they are still recognised by the he American Chamber Of Commerce as a company in Georgia.

If the gas is sold off there will be more than enough money for oil drilling.

Share Holders - Legal owners

"Ownership Rights. Shareholders are the legal owners of a corporation, but that does not give them the right to be involved in the day-to-day management of the company. Shareholders have the right to vote for members of the board of directors. The board runs the company for the benefit of shareholders."

Beneficial Owners can be different to Legal owners by the way.
In theory the legal owners are the share holders, beneficial owners are people that have money in the asset.
They would have the right to the money, gain or loss but not own the asset.
Share holders own the asset as we in theory paid to have a portion, lender wouldn't have right to the land or the company i wouldn't of thought.
It's like with the land registry in this country, whoever is on the land registry owns the asset. The Mortgage maybe subject on there and they actually hold the title deeds for the property. Based on no mortgage they would return it.
I cannot see Outrider being linked in the same way as a mortgage so i think literally they are only entitled to the money which i assume NY fund will cover.

On the company balance sheet basically.

In regards to the default of $2m does it say somewhere that hope just gets it?
Typically with a Mortgage would they not just foreclose the lending and charge you a penalty fee? (Hence the Loan)
If you didn't pay your mortgage one month there is a little more to it, the bank doesn't just sell your £300,000 house for a single missed payment? Could Zaza not of paid it to actually fault and then cause the funding to foreclose?
The claim were going for might just be an off chance that we could get some quids in, if not hope would be gone anyway?
Just thinking out loud.

Sycric

That's the thing, were obviously planning to make the repayments with something.
We are not just drilling dirt after all.

A guess I could deal with a quid a share. I'm in the same opinion, hope doesn't win. The Georgians do, it's in everyone's interest it seems in a deal.

yeah but that work also make the market cap bigger, as the shares are already sold to new and existing shareholders.

Give them my address and they can send it to me :)

"The potential Nomad has commenced its take on due diligence process and the Board believes it's possible that the Group will be able to announce the appointment of the new Nomad on or before the 31st January 2019, although no guarantees can be given at this stage. "

They thought they would be cutting it thin.

yeah just saw AEG got theirs, shouldn't be long for ours :)

Nomad does take a fair amount of time, also i have heard that nomad do have limits etc. So it is a hunting around game also.

nm

I think the connection being made is that EQT has now sorted their NOMAD, so the timing would say we should have ours sorted too.

Base price for tax will be your personal purchase price.

Business as usual the london meetings will continue... Etc.