Member Info for ZiggyZag

Below published in this weeks Caymans Gazette

FRONTERA RESOUCES GEORGIA CORPORATION
The Companies Law (2020 Revision)
(In Voluntary Liquidation)
(The “Company”)
Registration No. 72227
TAKE NOTICE that the Company was put into liquidation on the 3rd day of December 2020 by a special written resolution dated 3 December 2020
by the sole voting shareholder of the Company. AND FURTHER TAKE NOTICE that David Martin Griffin and Andrew Richard Victor Morrison of FTI Consulting (Cayman) Ltd., Suite 3212, 53 Market Street, Camana Bay, PO Box 30613, Grand Cayman KY1-1203, Cayman Islands, have been appointed as Joint Voluntary
Liquidators of the Company.
AND NOTICE IS HEREBY GIVEN that
creditors of the Company are to prove their debts or claims within 21 days of the publication of this notice and to establish any title they may have under the Companies Law (2020 Revision) by sending their names, addresses and the particulars of their debts or claims to the undersigned, or in default thereof they will be excluded from the benefit of any distribution made before such debts and/or claims are proved or from objecting to the distribution.
Dated: 21 December 2020
DAVID GRIFFIN Joint Voluntary Liquidator

Tsbs
The posting on here generally is researched / unearthed facts , together with views and comments with good adult banter at times in spite of the situation we are in
The vast majority don’t know each other and we can only form a view on their personality on what they write here.
Sometimes you get posters who based on what they write seem to be bullies , arrogant and self centred know it all’s, and to them their opinion is the only one that matters . They also usually spout with pride ...I don’t care if you don’t like what I say . .....Maybe its small weaner syndrome that makes them seem so full of it
Folk like that are best ignored I would say, and certainly not worth you forgoing your contribution to this board which is enjoyed by many .

Jim, is that the info , “the Company is there in the background “
Thats not new info , its a statement of fact known by all on the basis that there has been no news to the contrary.
What would be news is what the company is actually planing / doing / achieving in the background .

Odr
Yes Zaza was quick out of the stalls re Cayman strike off . However what did he tell us , recall it was along the lines .....its all part of the plan . Didn’t he go on to justify the action and then a few days later the company took whatever outstanding action was needed to stop the strike off.
Zaza comments at the time seem to have been panicked and misleading, cannot see what care he showed to us about our plight in that debacle .

Pyro , re your 11.49....
When did did the “large lady “ get the gig ?

Presume their personal guarantees to Hope of shares or $2mil cash is now a cash only transaction.
Why would they bring that upon themselves ?

Erazel .... “Yes Ex, most on here are going mad in circles based on nothing.”

When you lift your head out of the sand , I’ll have the coffee pot on for you so you can smell it .

The companies are struck off and no longer exist end of month .
Presumably when that happens it will mean our mens option of giving Hope shares as forfeiture for their personal guarantees disappears and its cash only for the $2m .
Struggle to believe they would bring that outcome upon them selves .
Is it another pointer to a deal done with Hope.

Been off grid so apologies if below has already been put forward .

Are we seeing the culmination and coming together as a result of both side only having one half each of the Golden Ticket

Is it possible that FTI are about to have the asset returned to them .

Have they finished in NY and about to return to Cayman court for rubber stamping and all the players are aware of that .

But as we know without licence Hope cannot do anything with it hence his begging letter to Georgians .

Our men still hold licence but know if FTI prevail they are about to lose asset which will see the licence taken back by Georgians ( again points to Hopes letter )

So both factions need each others half of the Golden Ticket hence the reorganisation and Zaza being quoted as saying ...the changes would increase the share of Outrider Managmenet in the company.....

Clear as mud to me as ...Frontera Resources Georgia Corporation...is one of the Co’s being struck of so how can it “may again own “ Frontera Resources Georgia Corporation Georgia Branch .
Also
Is Frontera Resources Georgia Corporation Georgia Branch the liquidated Co , hence the may again be owned bit ?
If so re referring to shareholders .......aren’t Maples currently the sole shareholder in that Co since they took control on behalf of Hope .

Mole , thanks for getting back much appreciated re my suggestion that FSHG write to the Company re Strike off
In your response you say ..... To my knowledge the company continue to ignore communication from shareholders and that includes FSHG......

Yes I understand that they have tried to communicate in the past and were ignored.
However the devolvement of the Caymans Co’s clearly is a fundamental action possibly affecting our investments .

It does seem that Caymans law recognises how strike off can affect shareholders interests and it does allow them to seek for the company to be reinstated if for example they know the company was still trading or other JUST reason .

No idea were this is going and the latest comments today attributed to Zaza raise more questions than answers
but .....
On the basis that we do not know where the journey is leading to, FSHG as representing many shareholders writing to the Company lodging concern and seeking clarification on the issue (even accepting there probably will be no response ) at least creates a record of such that might be useful at some time in the future .

Gambler
At this stage of the saga the enemy can have his olive branch dipping into a Dry Martini if it gets me my money back . its all relative

Mole
You omitted to answer my question re FSHG

Mole
Or to / and Looed’s contact who FSHG have the contact details

Mole
Whilst we have the enquiry from Earbern being forwarded to SN is there not a case for FSHG to write to him also asking for clarification on the striking off issue.

Someone earlier posted ( investment boy I think ) that maybe were they looking to move the asset to a new Co that did not include us . I do not think that is the case as Looed’s contact confirmed the Co was still aligned with us only a few days ago
Plus
Ok I know its only google research but :
Looking on various websites of Caymans lawyers they all have the same theme indicating that directors looking for their Co to be struck of would only benefit from the action if they have no creditors / ongoing trade or assets , as its then a quick easy process in which to close the Co down

Very Importantly .....from what I can see once a Co is struck off ( voluntary or forced ) any assets revert to the Caymans Govt for them to dispose of as they see fit and the proceeds go into their purse .

So assuming we still have an asset I guess our men will do what is needed before the end of the month .
Earsbern , good to get a response from the lawyer .

Just to give some context to timelines re info in Gazette , if I am reading it correctly the submission date for insertions re 12th Oct edition was 2nd Oct .
Also JFI we are one of 1300 companies listed under the heading .

Agree with ODR .
Also

Looed

What happened re your the letter, was it sent ?

looed
I posted below back in Dec last year , no info came to light on the back of it .

Currently in Las Vegas for Christmas and New Year .
As you do when in Vegas as a FRR groupie looking on Google to see if any sites come up different to UK based searches . Only thing new ( to me ) I have come across is below , cannot find any info on what the Co is / does
https://opencorporates.com/companies/us_tx/0802328052.

BTW
Did you send the letter , if so who to . presume no replies if sent .

My simplistic view on Company situation / actions to date .

My day job for the last 30 odds years has been in the Builders Merchants game .
As you can imagine in that industry bankruptcy, liquidations etc , are an every day occurrence, think local builder through to Carillion .

I have had dealings with many cases over the years , many of them with full order books but obviously all lacking cash flow to fund the now, never mind the future.
Irrelevant of wether the Company / sole trader got themselves into the position or were forced under due to being a creditor of someone else who failed , ( you could say equivalent of our politics issue or combination of both ) there is generally a reoccurring theme .
That is once the merdi is about to or hits the fan they will do anything to protect THEIR interests and avoid the final reckoning . Tactics used will include hiding assets , transferring them to new companies , going underground , ignore correspondence , make false promises , make false statements , hide money , spin out legals and on and on and on .
Often of course , they put the blame for their situation on some one else , often a director / partner who is no longer about to face the music in person , he’s done a runner .
I obviously have never been involved with a case that involves the politics that this one has , and very clearly those politics have had / continues to have an impact on our past & future situation .
However every thing else we are seeing here re debt avoidance ....nothing new, all par for the course .

Its gone badly wrong for the Company , and it seems they are now / have been , acting as a typical Bob the builder does when he cannot pay his debts .....for whatever reason ......and his creditors generally after many false promises , decide enough is enough .

There may be stuff in the ground , we may still own it , we may not, but one thing is certain , at some point we will run out of options as we cannot avoid the final reckoning with our creditors in the courts indefinitely .
Assuming FRR ( and hopefully shareholders ) still own something of value the only question is do we have enough time before the the rug is pulled .