Member Info for ZiggyZag

Another just gone up
2 pgs RESPONSE re47 Order (Declaration of William DeClercq) by Frontera International Corporation, Frontera Resources Corporation.(DeClercq, William)
Att: 1 Exhibit A (Receipt)

Tim was in contact with company last 10 days or so re post that we had been kicked out of Moldavia , with Co responding it was “fake news” .
I also spoke to him this evening , he said he had forwarded the link re THAT post together with our concerns to Company today but not yet received feedback .
I tried to extract from him what / flavour of conversations he may have had with them and reasons Co had gone / remained dark , his response was that they were consumed with court case .
Must say I came off the call thinking he is resigned to hearing nothing .

Goit , Agree what you say re employee NDA , can’t see anything at all re FRR , he also has 5 or 6 other friends who state employed at Frontera , again nothing sticking out re Company.

Couple of days ago sent a friend request on Facebook to a guy who is a Frontera employee in Georgia which he accepted .Not had any conversation yet though.

However just copied the GDC post to him for his comments .....fingers crossed he replies .....everything else crossed that he replies with .....”fake news”

Also , cannot see anything on his pages going back till last year that indicates any issue ,but might have missed something though, having to spot what looks likely FRR and then translate .
So maybe what I thought said Russian Bar stewards Said Zaza Bar steward !!

Been in email contact with someone “ in the trade “ re Cayman Liquidation process .
I asked couple of questions re DOS in particular re chances of request for court supervision under the rules 131/ 132 as posted couple of weeks ago .....i.e . Co now insolvent or to ensure speedier winding up .
I asked how often supervision under these rules was requested .... and when requested generally how long into the process after DOS did it occur.
Answer was....Order 15, rule (5) of the CWR confirms that a petition made under section 131 can be presented at any time......and ....Supervision applications based on both grounds are relatively common but the timing of such applications very much depends on the individual circumstances of each case......

So obviously no news in relation to above is welcome news , but seems those particular blades will be hanging over us for the duration .

exchange

*****wont except it it is ...share

The words ****** for some reason , is **************

And from their prospectus

$175,000,000
Trident Acquisitions Corp.
17,500,000 Units
Trident Acquisitions Corp. is a blank check company formed for the purpose of entering into a merger, **************, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities. Our efforts to identify a target business will not be limited to a particular industry or geographic region, although we intend to focus our efforts on seeking a business combination with an oil and gas or other natural resources companies in Eastern Europe or interested in expanding into Eastern Europe.

Not sure if its been previously posted
U.S. Trident Acquisitions Corp., which submitted one of the four bids in a tender to develop the Dolphin section on the Black Sea shelf under a product sharing agreement (PSA), has said that the company is ready to invest $1 billion.

"We proposed investment in the amount of $1 billion to Ukraine, the start of production in three and a half years if the reserves are discovered and the most experienced offshore fields development team," Trident Acquisitions CEO, former Deputy of the State Duma of Russia Ilya Ponomarev, who became the Ukrainian citizen under a decree of Petro Poroshenko in May, wrote on his Facebook page.

"We see what rivals would say, we are keeping our fingers crossed and looking forward for [the results]," he said.

https://www.goukrainenow.com/
Another re link Tender process , don’t get excited... interesting re results tab, but Dolphin result, inline with post from Opsi is not yet showing

Finn,...Don’t have access but looks like std ...” can you sort it out without trial “ ....sevice
Below from Cal Court Webpages

1. PURPOSE AND SCOPE OF RULES
1-1. Title
These are the Local Rules for Alternative Dispute Resolution in the United States District Court for the Northern District of California. They should be referred to as “ADR L.R. ___.”

1-2. Purpose and Scope
(a) Purpose. The Court recognizes that full, formal litigation of claims can impose large economic burdens on parties and can delay resolution of disputes for considerable periods. The Court also recognizes that sometimes an alternative dispute resolution procedure can improve the quality of justice by improving the parties' clarity of understanding of their case, their access to evidence, and their satisfaction with the process and result. The Court adopts these ADR Local Rules to make available to litigants a broad range of court-sponsored ADR processes to provide quicker, less expensive and potentially more satisfying alternatives to continuing litigation without impairing the quality of justice or the right to trial. The Court offers diverse ADR services to enable parties to use the ADR process that promises to deliver the greatest benefits to their particular case. In administering these Local Rules and the ADR program, the Court will take appropriate steps to assure that no referral to ADR results in imposing on any party an unfair or unreasonable economic burden.

Then Stevie Nicwonderours will go onto win Eurovision song contest .

Hi pop
Yes agree , and thats what they would have shown / discussed with liquidator .

But the actual form containing statement is not for him , that is signed and submitted to Caymans Co Registry it is then on record as part of the official process.

The ins & outs of how we can pay within 12 months will clearly contain some very confidential information , which is not the type of info you enter onto a document for filling with CCR .

The CCR / Govt is not interested in how we are going to pay , they just require the form. saying we can ....which then allows you to carry on with Voluntary .

Suppose we are / have been getting mixed up with .....what we have told / shown liquidator in private .......to back up/ justify ......standard documentation ( DOS ) that has to be submitted to CCR as part of Voluntary rules/ process.

At the time we learned about the removal of assets from FRCC my big worry was that liquidator would challenge that .
However whilst still early days in process nothing has come to light re that happening .
I would like to presume that our guys when discussing DOS with liquidator prior to submission produced information / convinced him that things were in place which would ensure all creditors would be paid within 12 months .....or sooner !

......Wouldn’t it be nice if we could see that info !!!!!!

I do not think that the DOS document itself that is submitted at Registry contains any info as to the hows & whens ....it is just a ....... “ we the undersigned confirm we can pay our creditors in 12 months “ ..... type of document .

Iveyspivey2
Re DOS ....Its not accepted and then we have 12 months in the clear .
When going into Voluntary an offence is committed by liquidators ( I think ) and directors if a DOS is NOT made and submitted to Caymans Company Registry , and as we know making a false DOS is also an offence committed by directors .
I think best practice suggests that directors and liquidators meet / discuss DOS prior to submission .
And then :
At anytime until companies affairs are wound up , 131 /132 below as in Caymans Company Law can happen .

131. When a resolution has been passed by a company to wind up voluntarily, the liquidator or any contributory or creditor may apply to the Court for an order for the continuation of the winding up under the supervision of the Court, notwithstanding that the declaration of solvency has been made in accordance with section 124, on the grounds that-
132. (1)
(a) the company is or is likely to become insolvent; or
(b) the supervision of the Court will facilitate a more effective, economic or expeditious liquidation of the company in the interests of the contributories and creditors

I suppose that B below would be the criteria for augment if they wanted to put us under court. supervision any time soon
Hopefully we won’t see this requested , but until the finish of the saga it seems it will be a looming possibility.

TsBS
HaHa ...spot on !!!!

Tim email contd

Away from the courtrooms:

We are all here exchanging views re the payments to YA ,we are assuming no news is good news , why do we need to assume , why cannot we be told ?

Likewise with operations in the field , whats going on, are we still in NDA , why cannot we be told ?

I am sure Mr Hope has more knowledge on some of the above than I do , and he is the enemy , but unfortunately in fully supporting the companies cause in defeating him I feel as if I am suffering friendly fire .

Bottom line is I and as I am sure so are the vast majority of shareholders ,fully supportive of the company in its battles/ endeavours...... but in return I suppose I am asking for some corporate respect .

Best Regards

Sent below to Tim YJ today
Hi Tim

Thanks once again for getting a company response to my question .

Just thinking things through since , here are my thoughts , you might also want to share them with your contact.

We are where we are with Frontera / Hope litigation and we shareholders are bystanders
The vast majority of shareholders are in the friendly camp , on the same side as company , and desperately willing it to prevail in the challenges it currently faces.

As an individual shareholder since the start of the year I have had only one route to obtain info re our company i.e online message boards, such as II & LSE , there are others of course but I prefer the company of folk who are friendly to Frontera.

The amount of info that has been unearthed by shareholders about the various ins and outs of the current legals has astounded me .

As each new chapter has opened and then closed various shareholders somewhere or other have unearthed it and laid it out for the rest of us , wether it be good or bad.
Collectively there must have been thousands of hrs spent trawling through websites across the globe ......courts / legal/ companies / govt/ newspapers/ trade publications / social media ...the list goes on .

But why should it be like that .

I am no Oil Baron or Learned Council and cannot begin to understand some of the complexities the company is having to face and deal with requiring its cards to be held so close to its chest .
However cannot some cards be revealed to shareholders once they have been discarded

Example:
After learning about FRCC liquidation I was shall we say at a low ebb, then there was the uplift upon learning about the Directors DOS in relation to that , not totally clear of its implications but on the face of it positive .

How did I learn about Directors DOS....from court papers submitted by Mr Hope !!...that stung ..... as usual, had to be unearthed by shareholder on above boards....

The DOS seems to be significant ....” we can pay our debts “ .... It was not confidential info once submitted , the other side obviously learned of submission as a matter of course in the process .

So why could that info not have been relayed to us by the company with factual pros/ cons , nothing to keep from Mr Hope ,he knew all about it ......can we have the merits or not of DOS explained still ?

Similarly with any other significant events when it becomes clear they are no longer cards that need to be so tightly held.

Obviously I don’t mean we should receive daily updates / running commentary, but when important developments/ news is, or is about to be put in the public domain in far away lands why can’t the Company via its website or another route inform its shareholders ?
Informing us would be helpful, even if it can’t safely be commented on it.

RESPONSE !!!!! from FRR re Moldova “ suspension “ via Tim at YJ below

Hi
Just heard from them quote ‘it’s fake news’
Best
Tim