RE: 2nd document at 13:092 Aug 2019 23:50
Two posts from this evening I would like to restate:
Firstly from spudsoil “As much as the docs don’t make pleasant reading, it does still seem like we are one credit line away from being okay”.
The second was from regdik, referring to the liquidators, who may be struggling to find any value in FRCC - “I think that the Liquidators have realised they have been hoodwinked by FRR“.
I hope our loan/FO/JV with BP or ANO comes through soon. I’m not sure for how much longer we’ll be able to keeps the wolves at bay. But if the shenanigans with the transfer of the asset have been successful, we may be able to do so for longer than we think.
One mire comment from tonight (I forget from whom), and that was the comment that Zaza and SN must have a lot of confidence that this will in the end come good, given the personal guarantees they have given on FRR’s behalf. You don’t do this if it will cost you your house. You only do this if you know the money really is about to arrive. Still confident, despite the doom and gloom on here tonight. The rollercoaster ride continues. GLA