The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Thanks for the update Looed.
(Let's see how it all eventually pans out. )
The Market reflects the current status quo.
No guarantee of the JV getting done or what the terms will be (if it gets done).
More so, considering the antecedents of the key protagonist (AM).
All the very best to all those stuck (massively in certain cases) underwater here!
26/Aug/2022.
Court dismisses ZM's interlocutory appeal for lack of jurisdiction and orders ZM to pay all appellate costs.
Further details can be found at the Harris County District website.
Motion to stay proceedings as requested by SN denied.
Further details can be found in the Harris County District website.
An applicant: JSC Wissol Petroleum Georgia (Code: 202161098) has requested an extract from the Register.
Unfortunately, I am not in present position to translate the attached Georgian-written documents.
Website: https://enreg.reestri.gov.ge/
Identification code: 204905674
Cheers
Another great breakdown of "the potentials" Tilburn however a very reasonable question by Iron as well.
It begs the question - Why didn't he do this clarification much earlier?
@Kdogg - I believe your summary is quite apt .
@DrMike / others
Case (Cause) Number: 202103816- 7
Website: https://www.hcdistrictclerk.com/Edocs/Public/search.aspx
Case: MAMULAISHVILI, ZAZA (INDIVIDUALLY AND DERIVATIVELY vs. NICANDROS, STEVE
Unfortunately, I've been unable to extract the texts properly from the image uploads - will give it a try again over this w/end.
Note:
You'd have to register (free registration) to be able to access.
You'd have to go to the "Image" tab to see the Order
The final judgement has now been uploaded - unfortunately, I'm unable to upload it here (for now) - perhaps someone else could give it a go.
If I read the judgement correctly, Zaza will be paying some costs to FRC running into about $10million. He is also sentenced to 10 months in jail for court contempt.
Final judgement is also appealable.
https://www.hcdistrictclerk.com/eDocs/Public/Search.aspx?Tab=tabCriminal
Thanks for this reminder Quint.
Do anyone know if Nigel has bought any shares? And if so, have a clue of his holdings?
Cheers
Looed,
Your doggedness in investigating and bringing to light any (and every) crumb of news plus your insightful commentary is second-to-none!
Can't thank you enough for your continuous persistence in this most unfortunate FRR matter.
I hope someday soon all long-suffering shareholders get a positive outcome.
Thank you!
Only if the results are not a disappointment @ MANLSE12.
Though a certain 'Colin Braidwood' reckons they are with that huge (consolidated) outlay!
Some bit of (typical) movement in this California case (for those who are able to access it on Pacer).
Listed actions:
- Withdraw as Attorney
- Add and Terminate Attorneys AND Order AND Terminate Motions
Petroleum Bill now signed into Law.
First: Congrats to all LTHers.
Prospectus is on sedar or www.canoverseas.com
Key risks identified by the company is mainly finance-related which includes:
The Group does not have sufficient working capital for its present requirements. The Company anticipates that it will be required to obtain additional financing of approximately $3.35 million in order to have sufficient working capital for the period of 12 months from the date of this Prospectus.
The Company believes that additional financing will be required by mid-November 2020. With no assurance that further financing (by way of equity and/or debt) will be obtained, there is material uncertainty that casts significant doubt on the Group’s ability to continue as a going concern.
A Google translation of the Subject of the video reads as:
Since 2017, the oil and gas company Frontera has spent thousands of dollars on lobbyists and political donations, and the company's Georgian employees have not been paid for 11 months and have been out of work.
I'd presume same Arsenal
The costs relates to all the filings from 21/01/2021 to the 16th of June. And listed in the filings includes Frontera’s Counterclaim and Application for TRO amongst others.
The legal wits on here might proffer a better understanding though...
It's likely that the applicants - Nodia Ltd, Urumashvili and Partners, could have contracted to work on behalf of FRR/SN/(Us?) in Georgia to unwind all the recent 'Malevolent' changes. Time will tell as we continue to sniff around...
Additional documents uploaded.
Reflects the "current" status quo:
General director - Zaza Mamulaishvili
Partners:
Joint Stock Company
GEORGIAN OIL AND GAS
CORPORATION, 206237491
50%
Limited Liability Company
GREEN CAPITAL LLC,
402052372
50%
Governing body:
1) Supervisory council
2) Partners' Meeting
Plus all the Obligation wrt to the seizures.
Also noticed in the Zaza vs SN et al case, Zaza's team has requested from the court clerk the total amount due for the case, so they can remit payment.
PS
Most importantly, get well Prod.