Member Info for WHamBoy

Well hydrogen gas, produced from a $150 million investment would definitely tick the exciting box.

Thanks ODR

We could do with some of that “exciting news shortly” that FRR promised us. I sense that plenty here losing faith. It’s 3 weeks now.... time for that elusive announcement: over to you FRR.

Sorry - I forget that you live in an exotic part of the world. I saw your link in the early hours yesterday, but by late morning it had been removed.

Looed- did you manage to watch the Zoom meeting?

Did anyone listen in to the court case via Zoom today(?). I was intending to but the link Looed put up was removed!

Just for clarification, here’s the line from Looed’s post last Thursday which makes me think that we are now in bed with Hope, or at least we are actively seeking a deal:

“As a result, one board member resigned and another not only resigned but also sued FRC.”

Now to me that seems far more conciliatory towards Hope than it needed to be, unless of course they wanted to draw a line in the sand and pin the blame squarely on Zaza.

I’m pleased that Zaza has gone. Remember last year when the Georgians made all those conciliatory noises, that we could keep the licence and we were all jubilant. Zaza then piped up, ****ging off the Government, when all we wanted him to do was to make the deal. Perhaps he really was working against our interests?
It could also be the case that the suggestion that he is being set up as the fall guy could be true. A few reasons why he may have proven to be expendable:

1 - The Georgia Dream party don’t want him around as a potential future political threat
2 - A deal needs to be struck with Hope
3 - Bad blood between Zaza and GOGC
4 - The list of misdemeanours outlined in the court docs. Whilst they may have exaggerated and over-stated, if even some of it is true, it is quite damming

So a deal that accommodates all parties is required and Zaza is the fall guy. Personally I’m in the “don’t mind” camp if it finally means this all gets sorted in our favour.

Posted 2 hours ago...
“The all out spat between SN and ZM is pretty astonishing even for FRR standards, and one I could not have predicted in my wildest dreams. Many know that I could not attend the many Shareholder meetings in London as I was based in the UAE but Nevertheless we had some wise owls attend and the feedback on Zaza was positive. Plus he made a lot of effort with podcasts, promoting the company and came cross as a competent, focused CEO. Plus he was a very hard working but clearly people skills were a little lacking, as he seemed to have clashed with a few in the Company such as Dustin & BoD.

Anyway, this public legal battle between FRR’s two largest protagonist does perversely demonstrate something: 1) the asset in Georgia and Moldova are big and worth fighting for otherwise why throw mud at each for a company that is defunct? Remember that the accusations against each other is of wrongdoing and mismanagement so professional reputations are at stake. 2) everything seems above board given all the legal ‘covering your ass’ actions taken. 3) shares bought by Zaza especially during the Primarybid exercises were legitimate (I think in one fundraising, he coughed up £1m). If that is the case, you can’t blame Zaza for trying to protect his large investment.

For now, this company has become ‘lawyers paradise’ with multiple legal cases: the fiduciary case in California, the legal cases with OMF in Texas to liquidate the personal g’tees of Zaza and SN, the Bankruptcy case in NY, the YA case for unpaid loan and numerous others relating to unpaid lawyers and other vendors.

After 2 years of sitting on the sidelines, I really don’t know where this rabbit hole will take us but there may be some green shoots of optimism with talk of restructuring the company. Perhaps Hope has aligned withSN because he feels it better to retrieve some value rather than trying to take the whole company. Or is that now Zaza masterplan, to take over FRR for himself?

Regards to the usual suspects here and best of fortune to all FRR Shareholders.”

Cazbraz
This was posted by Jonathansxx after the original post was mysteriously deleted ...

“BIG BADA BOOM 23 Sep 2020 21:11
JJ.Carter
Posted in: FRR
Posts: 5
Price: 0.00
No Opinion BIG BADA BOOM 03 sep 2020 19:59
Zaza has been removed as CEO of Frontera by board and by
Steve.also from all executive positions”

Was this the real reason that Dustin left in the first place? And why he’s happy to return now Zaza has gone?

“ Well knock me down with a feather!

Given that an embryonic communication channel has already been established with representatives of FRR, there could well be some substance to B20’s posts this time around imo. Perhaps it is also more than co- incidental that Budzina Ivanishvili has departed from political life and any connection with the Georgian Dream party too.

This article provides some insight that any concerns that oil majors might have had about sanctions being imposed on the country might now have been removed: https://jamestown.org/program/georgian-politics-without-the-strong-man-has-ivanishvili-really-relinquished-power/ 4

So if some settlement with Outrider and other creditors can be achieved there could now be a real possibility of shareholders getting some money back via M&A, since I would be very surprised if the company ever returns to market as FRR as it has far too much baggage.

Fingers and toes all crossed,
Tot”

Thanks B-2-0. I was hoping you or JJCarter might pop up again to help keep my spirits up.

Any news out there regarding the restructuring? It all seems to have gone very quiet. I keep checking GeorgiaToday interpressnews but nothing. Have you heard anything Looed?

That’s my thinking too Fibber. Interesting that they seem to have waited over 2 years to take this to court. They’d probably written it off, only to recently discover that FRR are about to be worth suing again!

From the BBC website “Oil giant Exxon Mobil suffered its first annual loss in decades last year as the pandemic prompted energy use to plunge. The firm lost $22.4bn (£16.4bn) as energy prices dropped - at one point falling below zero.

The firm also said it planned to invest $3bn in "lower emissions solutions" over the next four years.

Out in Georgia, maybe?

Just seen “it” on the site you suggested. What might the implication be for FRR do you think?

Not sussed your clues today Looed. Any more so I can find the story?

Spot on tsbs1 - patience now is the key. We’ve waited this long so give them time.

Yes 2 years ago today we were delisted. An RNS from the company in the morning would be nice! Oh well, you have to dream.