Member Info for Timster

That box certainly doesn't appear to be empty ....

As you quite rightly say, we don't really know, everything posted is purely opinion and educated guess work

We shall just have to wait and see as always, trouble is as always while we wait the SP drifts

still Red Mapp????

and Sausage fingers seems to be back ....

I agree (I think)

I still cant see in any RNS where it states we have defaulted, Only that while we take action against them the loan wont be repaid (I think)

sounds like it....... happy Christmas Hope.......... HO HO HO

lol

Great post

I agree FRR aren't messing about they must have some hard factual evidence to level these accusations at the shisters

I don't think so but not sure now lol

all right maybe then, who speaks legal speak? help......

I'm not answering that ;)

check out the sound board and all the LTH who believed squabbling amongst themselves now.... some poor bugger on a 300k paper loss !!!!!

But we've never had an RNS stating that Outrider issued a default!!

If they had that would have to be RNS'd

I like a long term hold lol, believe it or not Sound actually came good for me got in very early too, although I still hold some now but that's gone to shite!

I'm hoping that FRR will make me a bit of cash

2006 I first invested :'(

it's a good point a class action by shareholders for financial and mental pain caused

Just checked the first we heard in an RNS on 12th Oct:

Action in Cayman Grand Court with respect to the 2020 notes

On 11 October 2018, the Company and its fully-owned subsidiary, Frontera International Corporation, filed an action in the Grand Court of the Cayman Islands in relation to the loan notes issued by Frontera International Corporation to Outrider Master Fund L.P. in 2016 and due in 2020. On the same date, the Court granted the Company's request for an injunction regarding the security underlying the notes pending the outcome of the dispute. The Company intends to vigorously assert its rights. The Company will provide further updates as they become available.

That reads to me (and I'm no legal eagle) if the dispute went on to 2020 then there would be an injunction in place for FRR not to pay until court action finished. (I could be very wrong)

There has certainly never been any mention of a default and the loan called in early, there's nothing to default on is there?

I agree no chance anything will happen this year, Christmas SP .35 ..

oi map, its 0.39 now that's down lol

Lots of different scenarios to play out, don't think it would be game over though if the injunction is lifted.

interesting December though

I'm being lazy in reading posts, the market underwhelmed by this court case but what are the possible outcomes best and worst.

- I presume if FRR loose the injunction will also be lifted and Outrider will go hell for leather for FRR debt?
- If FRR win or settle out of court the decks are cleared for a MAJOR deal

Like many I cant imagine FRR have taken this action on a whim they must have a stack of evidence against the right honourable Hope...