Member Info for ZiggyZag

Hi WHB
Should have said , posted first clip to highlight claim could be paid in a combination of ways , not just shares, as there has been some debate on it this am .
Re second clip , thanks for you explanation , was thinking too negative on its inclusion

Morning folks
Re shares and docs yesterday , docs show as below:
As provided in the Individual Guaranties, the Guarantors are personally obligated to pay the Deferred Interest in full, whether by cash payment, delivery of the Pledged Shares, or a combination of both, to Outrider following Frontera’s failure to pay the Deferred Interest

Also shown on docs :
Further, the Guarantors agreed “not to sell, transfer, grant options over, dispose of, assign, or create an encumbrance over the Pledged Shares as long as the Deferred Interest obligation is outstanding.”5 B. Defaults under the Note and Individual Guaranties.
Why is that there , hope its just standard legal text and not for any other reason that comes out in the mix .

Yes I did have a few exchanges with Shatner over that . To be honest I think it was a load of bull crap from the georgian drilling club facebook page , and no evidence produced to back up his ( GDC ) statement , which he was asked for by at least two other folk .
But hey who the heck knows

Chileone

And therein lies our problem ....we have no idea whats going on at the coal face . Progress might be fine & Georgian govt well chuffed ....or the opposite ....we have no idea which .

Hi ODR
Clear evidence of unpaid bills , agree ....but where is the evidence of unpaid workers ?

link to www.schwartzsemerdjian.com ....look at 2016 archive . It is possible to invoke 5th in civil discovery. Obviously there are safeguards and consequences in place or else everyone would do it One consequence might be you would not be able to produce evidence to support your own defence arguments.

Hi Madp
Re discovery , yes agree your link indicates the scenario you speculate.
Saw earlier ( can’t find in now though ) that Hope & co could also plead the proverbial “ 5th “ in relation to discovery .
Either of the two above does beg the question .....our lawyers must have been of aware the possibilities , so why did they seek discovery in the first place , and putting a lot of effort into request .
Surely not the case of ....lets get it ....got it ( after two go’s ) ....oh hang on a minute !!

Discovery referred to in post below was granted back in November in ...California .
The order was at first denied on a technicality but was granted few days later . The order was for disclosure from Hope....Outrider Master Fund ...and Outrider Management LLC as part of the Caymans event .

Re discovery, been eluded to by some in past few months that after discovery prior to initial Caymans court not much was found in the way of info to support case against Hope & co and that does not bode well going into main event .
Rediscovered below from our council in Taffs posting of court docs 31st May ....

Defendants again attempt to focus this Court’s attention on dicta and interim rulings in the Cayman Islands Action. No discovery was ever conducted in the Cayman Islands Action, and few documents beyond affidavits were submitted to the court in that action. ......

Been a few posters over last couple months , including myself , looking for an understanding re how our guys could submit DOS if they were no longer directors of FRCC .
Been looking at old court documents tonight and found below in docs from Hopes side posted by Taffy 24th May . The extract is from page supporting their augment that Hope has no control over liquidators .....

Accordingly, the voluntary liquidation of FRCC is now within the control and governance of the JVLs and applicable Cayman Islands law. Plaintiff FIC, as well as FRC’s directors Steve Nicandros and Zaza Mamulaishvili (“Insider Directors”), have received notice of the JVLs’ appointment and commencement of the voluntary liquidation. The JVLs have requested, pursuant to Cayman Islands law, that FRCC’s directors, which include the Insider Directors, prepare a “declaration of solvency.” On information and belief, Frontera may contest the insolvency of FRCC within the “declaration of solvency” they give to the JVLs.......

I will try and read them more closely in future !

Hi Goit
Interesting , might be mistaken but I think thats UK

Hi Shanter
Final word from me on this issue .
Post on Monday / Tuesday says” source is sound” ....post today referring to same source says... “don’t hold much credence there”
Speaking for myself nuggets will always be well received and appreciated from anyone, but manipulation camouflaged as a nugget less so .

Hi Shatner
Reading your post this pm makes me think that perhaps your post on Monday titled :

No operations since Dec 2018 - FAO Tim Thompson:

Could have read instead:

No ops since Dec 18 or still working towards big projects- which one YJ

And then gone onto give facts as you now do to support both views
Or you could have sent original to YJ privately and then present any answer to this board .
Seems from your follow up posts on Monday you wanted us to believe GDC response to get us to bombard YJ for answers , you said to one poster........ I’ ve spoken to this ex employee before so the source is sound. It's who we believe here hence the post.....
Your original post alarmed a lot of folk and you must have known it would when you pressed the button .
I understand your frustration, and I think its shared by all on here but I think the way you went about things on Monday was unfair to your fellow shareholders in Frontera.
Also
Why did you not press the guy at GDC for more info to back up his statement as clearly he seemed willing to talk

but this one started with the grenade Shatner threw that was headlined ...RE: No operations since Dec 2018 - FAO Tim Thompson....
Had some time today so looked at it again .
I posted earlier today pointing out links to the guy who asked the out of the blue question on the Georgian Drilling Community page and the facebook group Frontera Resources Fan Club . I wondered why he had not posted his conversation on FRFC and also pointed out that he was the same guy who a few months earlier had posted email from frontera shareholder group onto FRFC.
Unexpectedly Shatner responded to my post this pm with “ yes Ziggy its me “ presumably stating... ( I may have misunderstood...) that he was the guy who asked the question that enabled the grenade to be thrown ...and obviously nothing wrong if he was , good digging .
However Shatner has posted on here more than once about his connections on the ground in Georgia , including current Frontera employees . Today he referred to them again and also added “I've got one buy who works for BP Georgia who I'm chatting to on a daily basis so there are some willing to talk”
What puzzles me is .....he is in contact with all these folk on the ground and some are ...”willing to talk “....but he only gets the headline making info relating to whats been happening at Frontera georgia for the last 7 months from a casual out of the blue question to Georgian Drilling Co facebook page ....a page that gets minimal throughput.
So I wonder was the question asked and answer given concocted by the two parties
If so was it to bring to light info that had been genuinely given / found but presented in this way to protect someone at the coal face .
Or was it mischief making of a not very nice nor helpful kind .
Or was it all very genuine .
I see that a couple of folk have contacted GDC asking them to expand on their statement that no one is working or getting paid ....cannot see that there has been any response , seeing how freely they gave original answer that seems strange .
Also cannot see that the guy ( shatner ?) who asked the original question sought any further expansion / clarification of the facts from GDC ....that seems stranger .

Yes ...to what

Just more musing re above ...The guy that sent the enquiry to GDC that resulted in answer of no work, no pay is quite active on the Frontera Resources Fan Club Georgia face book group .
I may have missed it but surprised the conversation has not been posted on that group .
This is the same guy that posted on that group a few months ago the email from FSG .

Shatner.....Whats the BP guy saying/ indicating

Re “ contact site “ I mean Georgian Drilling Community ....not Frr or YJ , although same response

that said no work , no pay ......couple of folk contacted site asking for clarification / background info . I see there has been no response , does that tell us anything

It refers Response re 47......that was the sanctions document