Member Info for theprodigy

Explain your Popeyness
Just looked in and no comprende
RIP what

Canny, I didn’t hear anything about that today.

Gipps
We have just passed 2 years since saog GOGC instigated arbitration claim.
We should find out any time between now and the summer what the outcome of that is and what we’ve come out of the arbitration with.
Unless of course the pressure from Uncle Sam encourages the Georgians to come to an agreement that’s suitable to us and the panel is told they are surplus to requirements.

At worst we should know in the coming months

All in my opinion of course

You’ll be blocked fir sure now bugs if earlier was by accident
Serious questions of corruption around ol KZk Bugsy eh

Very insightful post jack pack
Cheers

Gipps
I agree with a lot of what you say
But I can 99.9 percent say that not paying the employees is not tactical- the very suggestion is ill advised in my opinion.
There is no possible scenario where deliberately not Paying the employees for the whole of last year could be interpreted as a good tactical move
For much of it - it was out of zazas hands after Hope sacked that board and set about dissolving that entity.

If you suggested Zaza not paying them out of his own pocket was tactical then I could see how that might be construed as tactical and a case argued for not doing it.

All in my opinion obviously

sorry to hear your terrible news Phil. Drives home what really matters and puts everything else into perspective.

Best wishes to you and family

nice post brgmg and wholeheartedly agree and think alomg the same lines.

Perhaps you can help with one question ive been asking myself!

i said, self ! - is the box empty or full ? Do you know a man that can answer lmoa

Unquantifiably full id reckon - as pyro has said- you dont fight over an empty one.

From easy pickings making easy money with concerted, collaborative negativity on shares dragging the price down to

Unquantifiable potential losses - its quite lovely.

Right off to get the kilt on. Drams and haggis it is Slange var

Auto correct

Dulwich, MOLE and the whisky clubbers

As it’s our national bards day, slange

Fair fa' your honest, sonsie face,
Great chieftain o' the pudding-race!
Aboon them a' ye tak your place,
Painch, tripe, or thairm :
Weel are ye wordy o'a grace
As lang's my arm.

Off to catch me some fresh off the hill haggis and toast rabbie with a dram /G\

now i can see the problem

your a f c uking jona shatner- why oh why did you add frontera to your portfolio.

LMFAO
Good work oopsi brgmg etc, etc etc....

afrim

totally agree - the concerted effort and collaboration to decry, dascredit and undermine investor value and confidence if frontera- it would be a no brainer.

They didnt think their actions in discrediting frontera via nomad would put them in a position of unquantifiable loss.
LMFAO
All in my opinion of course

Are we tj thank them fir saving us - LMOA
I think tbe biggest comfort for all investors here is the way the shorters/ negativeers and company whipping boys are so actively with gusto and desperation to continue their onslaught of decrying negativity

It’s almost as if they can’t accept they were seriously wrong to short frr and are on the cusp of realising unquantifiable losses
A sobering scary thought fir them I’m sure .
A debt to the ego of the venomous shorters

Barely worth checking in to see the board is besieged by nonsensical write rinse repeat from them
Have a good weekend investors
Getting close to conclusion now

Can you pass your learned opinion

Hoping I’m right but could be wrong - as John Lydian sang

hit the bullseye first dart -8 pages back
it was posted by looed yesterday at 02.57 - as part of a cut and paste over several posts

this is the part i was referencing re frr - The document said the gg had put an offer to frr which had been declined. frr had stated that if satisfactory solution was found they would drop the counter claim of 3.5 billion. The article went on to say it would be in the GG interests to find a mutual solution as it could nit afford a pay out of that magnitude.

Jiffy - thanks for the info on the link. I found a few articles about FRR on the site but I can't figure out the dates. So this is a the article that is top of the list so I assume is the latest -

By: Shota Tkeshelashvili
Georgian Oil and Gas Corporation is involved in an arbitration dispute with US energy company Frontera. Frontera demands from the state to fulfill the terms of its contract with the state and return 99% of the contracted territory to Georgia. For its part, Frontera puts forward the demands of the state. In September 2018, the company filed for arbitration seeking a $ 3.5 billion compensation from the Georgian Oil and Gas Corporation.
The British-American law firm Hogan Lovells International is defending the interests of the Oil and Gas Corporation in the dispute. The service contract with the company was signed on November 6, 2017 on the basis of a government decree and its total estimated cost is $ 7.4 million. It is one of the most expensive contracts awarded by a state-owned company for legal services. At today's exchange rate, the volume of the contract exceeds GEL 20 million.
According to documents uploaded to the State Procurement Agency system, after the contract was signed in 2017, the actual amount paid to Hogan Lovells International is $ 6,485,594. The payment was made with 28 individual payments. (Purchase code CMR170189525)
Hogan Lovells International itself is a law firm founded in 2010. Headquartered in London and Washington, DC, it is one of the largest law firms in the world today. The company employs 2,800 lawyers. In 2018, the company's revenue from services was $ 2.12 billion.
In addition to the Oil and Gas Corporation, Hogan Lovells International also has a contract with the Roads Department of the Ministry of Infrastructure. The aforementioned acquisition cost 472,000 euros. (Purchase code CMR200002902)

What's going on with Frontera in dispute?

Vazha Khidasheli, an adviser to BMG's Oil and Gas Corporation, said that at this point Frontera had expressed readiness to reject the $ 3.5 billion request, but that the company is making other demands. Arbitration proceedings are pending in The Hague Permanent Court of Arbitration. GOGC hopes that the verdict will be announced in the first half of 2020.
"There is talk of an arbitration dispute between the parties. The arbitration dispute is being conducted at an impartial arbitration tribunal formed by the parties on a parity basis. Accordingly, qualifying an

it was in one of the documents translated giving information around arbitration yesterday.
i said in my opinion it must be worth in excess of 3.5 billion to frontera - which we know to be the case if we have the oil and gas stated.

The document said the gg had put an offer to frr which had been declined. frr had stated that if satisfactory solution was found they would drop the counter claim of 3.5 billion. The article went on to say it would be in the GG interests to find a mutual solution as it could nit afford a pay out of that magnitude.

It may well be that as part of the arbitrational solution frontera, or the GG for that matter, would have to accept the arbitrational panel solution and relinquish any counter claim.
It will all depend on what the dispute resolution clause states in the contract between GG and FRR. In some we have signed in the past the method set out in the dispute resolution clause for resolving the dispute removes any other claim or process.

if i get time later i will troll back the posts- i didnt save it anywhere - just commented that i thought it out us in a good position

i agree with your points. I think your slanting it as a negative - apologies if not the case -whilst i see arbitration as a positive route for frr to achieve best outcome.

The GG have blinked first and made an offer - positive in almost every occurence
Frontera have offered to withdraw the counter claim for 3.5 billion if other requests are met- this would suggest the positive outcome is worth far in excess of 3.5 billion.

Again just my opinion based on the info coming to light

That does or ever
Not does i it ever - typo

The court cases in Cali and Texas are irrelevant in my opinion

50 mill max versus 3.5 billion starting point as worst case scenario in arbitration

The only thing that does it ever had mattered is arbitration resolution
In my opinion

Interesting revelation as highlighted by oopsi that frontera were offered a deal but declined it.

Now thats very comforting for investors /holders of stock, those looking for a positive outcome. Especially when added to all the positives coming to light that have been highlighted previously. Or even the non negatives like the asset not being simply taken back like the port contract was.

But

its far from good news for anyone short on the company.

The word of the year again springs to mind.
UNQUANTIFIABLE
Unquantifiable dread
Unquantifiable stomach churning
Unquantifiable fear
Unquantifiable losses

Where are our resident negativeers, Can they quantify how unquantifiable it all is for the negative side? Pretty please

No green line so Mr ive got a negative slant and negative answer for everything posted has obviously not shown up for work.

Unquantifiable pleasure.

Suppose it could still all be over for us- not that i think that to be the case. Still my losses are known knows ive known and accepted since christmas eve 2018- Quantifiable loss if it materialises. I would hate to be on the other side with Unquantifiable losses. :-))))