Member Info for WHamBoy

Looed, Ziggy and others.

Given Looed’s information regarding the Deloitte website being the last place to look, I went through old gazettes. There does seem to be strike off lists published every month, listed in the index, and dated from the end of the previous month. So by my reckoning, by mid December (16th?) we should be able to see the November 30th strike off list and whether we are on it. Does this mirror your thoughts Looed?

If we avoid annihilation at that point, perhaps there is still hope. If we are on the list, we’re then banking on a new company being set up by SN, deals having been struck with the GOGC whilst also ridding us of Zaza etc., and finally the good grace of SN and co for us still to be part of it. A bit of a long shot I know😀.

Following on from Looed’s message that if the strike-off appears (and I’m still hoping it won’t 😁), it should appear on the Deloitte FRR page first, I have been looking to see if there’s any updates there. So far, it’s no news is good news, but here’s the link in case others wish to check as well. Good luck all.

https://www.deloitte.com/cbc/en/services/financial-advisory/services/frc-liquidation.html

Thanks Looed. Good news that as of the end of October, we were still alive as a company.

Cheers for that Looed. I was not aware of the peculiarities regarding the EG, so that’s helpful. So effectively we have to wait until the beginning of December before the Gazette will inform us of any strike off. It was asked a few days ago whether you think we would hear from the company if it was all over, or if they would keep us hanging on? What’s your view? Will they do the decent thing, or will we find out from a third party like the Gazette? Thanks

No problem Lifeishard. I’m not sure how long it will last, but right now I’m relieved and hoping for some obscure plan being worked on behind the scenes. Best of luck.

Well we have avoided be struck off at least one more time….. there’s no mention of Frontera in today’s Extraordinary Gazette 😁

No mention of frontera in today’s extraordinary Cayman’s Gazette….

For those who didn’t click Looed’s link, the block was offered for tender on the 24th October, over 2 weeks ago.

https://www.gov.ky/content/published/api/v1.1/assets/CONT26460BD1AA4D46A1A45453916B939F7E/native/Ex832024.pdf?channelToken=c915417e96ad49e2bcda2e4d22158c40

Thanks again for your efforts Looed. Your efforts are still much appreciated, even in these dark times. It certainly doesn’t look great, but a few have suggested that there may yet be a twist and turn in this protracted saga. Who knows. Certainly if we do get struck off, then the chances of any result here look incredibly slim. To that end, I checked the latest caymans extraordinary gazette today (dated 6th Nov) and we’re still not on it. Perhaps beyond us magically surviving the liquidation process, our best chance of success may now be with the new US president and all the friends we have built up via the political lobbying of the past.

Suggestion on the WhatsApp group is that this is possibly a tender for the 99% or whatever we handed back. If we are still in control of the 1% then we might yet have something to sell. As ever, we are reliant on Looed and JimSlade for more details. Thanks Chris for the heads-up regarding this tender. Fingers crossed as always.

Devastating news on the face of it. Can Looed or Jim Slade add anything further? Are we applying for this tender? I can't see it personally, as surely there would be an expectation of cash up front.

Gutted.

I agree Lifeishard. The election result and claims of vote tampering were widely predicted, so no surprise there. What we don’t know however is what deals can now be made with the ruling party.

I agree Chris - Friday evenings used to be good on here for discussions, sleuthing and updates. Very quiet at the moment.

If we were to actually now get a good-news Frontera update after all this time….

Still keeping my fingers crossed 😄

And even if the election result does indeed make a difference to Frontera’s chances of future success, we have no real idea as to which result we want. Many are speculating that they think a pro-western result would be beneficial, and on the face of it, that seems quite likely, but SN did broker several recent agreements with the present government, so who really knows.

And still no statement via the Caymans in the latest extraordinary gazette regarding Frontera. Something has obviously persuaded Deloitte to at least delay the liquidation, but is this just a stay of execution or something more permanent?

An Extraordinary Gazette was published in the Caymans today, but as far as I could see, we were not on it. I think we can assume FRC has escaped the hands of the liquidators thus far. Maybe some news from our sleuths soon…..?

So you guys seem to think that the liquidation has been stopped. I’d assumed that it was still going to go ahead, but that the assets were somehow protected outside of the liquidation, either in FRUS or in a new company set up by SN.

Interesting…..

I've just asked to join the FB group.

Thanks in advance

Perhaps the song should be “happy days are here again”😀

Suspended 24th Dec 2018

If Fibber’s admittedly unlikely theory is true, and SN intends to buy back the block after the liquidation has been confirmed, then SN would not want to reveal his hand until after the event. I think therefore that we need to give this process a few more weeks.