Member Info for WHamBoy

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.

Jekyll - 5% of nothing is still nothing - they have terminated our only asset.

Fibber - your rather unlikely scenario is similar to others’ thoughts in that SN may well set up a new company and be awarded the block back. Whether us shareholders of the old FRR will be included is at that point dependent on the good grace of SN. As I say, unlikely, but who knows.

Thanks for your efforts over a considerable period of time. Any word from SN Looed?

It is 2 years out of date, but the end-of-2024 date it references may well be the date we are working to. Here’s hoping.

Thanks Looed. I posted late last night more in desperation than in expectation, but I suppose it does reflect the sheer length of time that this is taking (as does the number of people who ticked up my post, presumably reflecting their thinking mirroring mine). I will continue to try to remain patient.

Looed

By my reckoning it’s been over 7 months since the winding up order and slightly less time since the update from the liquidators. I remember you and others suggested that this Frontera liquidation was complicated and that broadly speaking, if it takes a long time, that is probably/possibly an indication that a deal is being thrashed out.

I suppose one of the things I’m hoping for is an indication as to whether you are able to let us know if the company is still communicating with you or whether they have gone quiet. We’re obviously as a company still alive, as you and others haven’t informed us of an update from Deloitte stating the contrary. I’m also presuming that the length of time that this is taking has surprised even you. Judging by your previous comments, the fact that Deloitte has allowed this to rumble on must be seen as a positive, and yet, here we are, more than 1/2 a year since it started, still completely in the dark….

Any thoughts and comments from you Looed regarding our present situation would be greatly appreciated.

Thanks

Mapp

Keep posting and try to remain optimistic. I will try to do the same. Looed in his last post said the following regarding the importance of getting an extension to the licence in Georgia:

“If there were no extensions post 31/03 then in all likelihood Deloitte would have already circulated its Final Report and asked the court to rule so they can get these proceedings, and us, off their books.”

By implication, with no such Deloitte report thus far, he seems to be saying that we still have a chance - hopefully this is the quiet before the storm.

Good luck