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It would be interesting if Mourant know from their discussions with the FRR team that money is coming Zaza’s way due to his shares in FRR - that might explain why they are happy to take only a chunk of the money owed to them from SN, safe in the knowledge that they’ll get the rest later….

Thanks for this news Looed. This is, from memory, the details of the settlement that you outlined for us a month or so ago. Interestingly SN has agreed to pay a considerable sum to settle this case. Surely he would only do that if he knew money was coming to him further down the road due to some agreement to sell our assets. This may indeed be good news but as ever, we await formal notification. I’m hoping that once the YA case has completed, the company will then be in a position to talk to us all again.

Thanks once again for all your efforts Looed. It is much appreciated.

Thanks Looed

At least it sounds as if we’ll get a result to this court case fairly quickly. It would be better if we knew that a positive outcome would then lead to genuine news for shareholders. Surely they are not intending to keep us all waiting for yet another year…

Looed

Do we know for how long the YA trial is scheduled to take place?

Thanks

Cheers for your swift response Looed. Re the company, that’s what I thought. It certainly always takes me forever differentiating between our version and Zaza’s version of Frontera, so I can see why you’ve started to just say the company 👍🏻.

And yes, slowly, slowly, we do seem to be getting near to the end. Whether we’ll be happy with result, remains to be seen, but I do draw consolation from the efforts being made.

So the Mourant Case is closed - good news. Another one chalked off 😄. And YA make a new move, a last desperate attempt to have their foreign judgement recognised. Hopefully the judge will continue to agree with Frontera. Thanks Looed. We seem to be moving closer to a result here.

On a separate question, can I ask why you now almost always refer to our Frontera as “the company”? Is this to avoid confusion between our Frontera and Zaza’s Frontera ?, or has “the company” asked you to do so? No problem if you can’t answer this - it just struck me this evening for the first time as something relatively new😄.

Thanks Looed. I very much have all my fingers and toes crossed.

Looed- are you expecting a flurry of court docs before Monday’s court case?

Well said Pyro. Whilst instinctively one would struggle to disagree with what Ziggyzag has said, the reality is that FRR caught YA conducting underhand and from memory allegedly illegal dealings to the detriment of Frontera and by extension for all of us.

So I have no sympathy for YA whatsoever.

Thanks for the update Looed.

This appears to smack of desperation on the part of YA. Is that how you read it Looed?

Thanks Looed. That confirms where I thought we were and what I suspected were your reasons for looking at other companies. With any luck we should get some movement from them soon.

Looed

Thanks again for your continued efforts on this. With regard to your recent request for similar companies in similar situations to us, are you encountering resistance from FRR to regular updates or merely trying to ascertain what to expect when they are finally able to communicate? Or have we already passed the point by which time you had expected them to talk to us directly?

Asking for a friend 😄

Thanks Looed and Jim for sharing.

I have always taken solace from the fact that those running the company were spending a lot of time and money keeping the company alive. It suggests that there is something worth saving and they believe that they are likely to be successful. And I agree with Looed that given that we were in court with YA on Monday, the fact that they have since emailed Looed and Jim in such a relatively upbeat and positive fashion suggests that Monday was nothing to be worried about. With any luck, they are right that things will be sorted in the near future 😄.

Thanks for your detailed reply Looed (and also for support Lifeishard). Fingers crossed, they will speak to us all soon and hopefully with something genuinely positive. I think all Looed’s hard work at least deserves that.

How slim is slim Looed?

Nogamble

Looed posted this following on 22nd June:

“ YA II v FRC – Motion to Appoint Receiver looks to be set for 10/07/23, which is the date requested by YA II, though the FRC requested date of 14/08/23 also remains on the docket. “.

So going on Looed’s post, it looks like it’s on Monday.

Great post Phil

Thanks for your thoughts Looed. I can see reasons why kicking this can down the road might help all parties sort things out in private, out of site to prying eyes, but whether that’s good for us shareholders is another matter.

And I agree with Keysersoze, if things are delayed, the company surely has a responsibility to keep us in the loop.

Thanks for posting the update Looed. I was hoping one was coming, but had hoped for something better than this.

What’s your view here Looed? Is this all going pear shaped or is the big deal still likely? It seems to me that all parties are still working together.

Thanks in advance

Haha - 2025, not 2925😂.