Maybe so, but what if the plan all along was to get a larger deal like the one we've got a term sheet for to pay us debt down and he keeps blocking it?
Puddy I presume had we paid up he can then just carry on blocking finance going forward, with him temporarily removed it gives us a chance to sign off another deal like the 60 million one.
As Frontera is not a company subject to United Kingdom Disclosure and Transparency Rules, it may not be able to ensure disclosure of interests of significant shareholders in line with AIM Rule 17.
JbG...the rules are the fecking rules regardless...you HAVE to inform the LSE and company why you resigned. It's a fail safe so said company understands any broken rules etc.....
A nomad is a fecking myth too...they are like any other business they will take the cash if it's on offer. Look at SP Angel they have advised at least 3 failed AIM companies this year!!
If a settlement is made I'll expect Cairn will just re-appoint.