Member Info for ZiggyZag

WHB …yes thats my take on it also , but like yourself I cannot recall what FROC covered.

On the Caymans proposed company strike off list early last month we saw Frontera Resources Corporation and Frontera Resources Overseas Corporation listed .

The Co via Looed said it was an admin oversight

This weeks Gazette incudes a section headed

Struck-off List

THE COMPANIES ACT

(2020 REVISION)

TAKE NOTICE THAT the Registrar of Companies having reasonable cause to believe that the under-mentioned companies are no longer carrying on business or are not in compliance with Section 170 has struck the said companies from the Register as at 31st October 2023, in accordance with the provisions of Section 156 of the Companies Act.

CINDY JEFFERSON-BULGIN

Registrar office

(Listed below from FR onwards to save posting the whole section )

FRBT DIRECTORS LTD.

FRBT TRUSTEES LTD.

FRONTBIO, LTD

FRONTERA RESOURCES OVERSEAS CORPORATION

FRONTIER HEALTHCARE MANAGEMENT LTD.

FUENGOLF LTD.

FUK TAI (CAYMAN) INVESTMENT LIMITED

FULFILLING GROUP LIMITED

FULL SUMMIT LIMITED

FUNCTION (CAYMAN ISLAND) HOLDING

CORPORATION

FUXIN TECHNOLOGY CO., LTD

FVI LTD

Some interesting finds / posts this last 24hrs , many thanks to the sleuths .

Lisfeishard ….as the one who bestowed “ All things bright and beautiful” to you I am happy to consider joining the choir but with a slight change to the wording .

New words

“Are we staring to see evidence of all thing bright and beautiful “

Leave it to you to fit it in to the music arrangement 😜

Looed , thanks , realise that, I was referencing he is a key decision maker corporate / personal

WHB

Ia’m sure SN probably dose’t want to pay and I suppose the decision to pay or not is his . Would think when the court rules he should pay ,…..subject to any appeal outcome …. I presume he will suffer the consequences by not divvying up ….. having been ordered to do so .

Hi Looed , thanks for clarifying

Hi Looed

Many thanks for your response

Just to clarify , are you indicating you have asked , but did not get a response ?

On the assumption that it is likely to be us , do you feel this case is on their list of litigations that require them to continue to stay dark until completed ?

Looed.

You have said in the past that its not possible access Georgian courts for info on cases taking place there.

Re the court hearings in Georgia that Cymro kindly keeps us informed of …..do you know if the “Frontera Resources US LLC” listed is actually us , or one of the cloned business ?

Whichever I cannot recall any info via your company contact about the nature of these hearings….i.e. real FRR or cloned / what the case is about etc …..or if its on the Co’s list of can’t come out of the dark until completed .

Am I correct in assuming you have asked your contact for info but they have declined to respond on the subject ?

I say that knowing that you would have passed any info from them in response onto this board.

Many apologies if I have missed previous posts dealing with the above .

A week with no posts , so checking if board is still live …..If you see this it is ….if not …..its not

Many will recall we have been here before , twice I think , it was put down as “admin oversight “ at the time by the Co

Under the same heading is these two.

Thought it might be Outrider Management but red herring I think , googling them only returns some religious missionary OMF international

OMF ISSUER

OMF WORLDWIDE

Extract of some of the F’s in just published Caymans Gazette

TAKE NOTICE THAT the Registrar of Companies, having reasonable cause to believe that the undermentioned companies incorporated under the Acts of the Cayman Islands are no longer carrying on business or are not in compliance with Sections 168 and 169, intends to strike the said companies from the Register as of the 31st October 2023, in accordance with the provisions of Section 156 of the Companies

FOXTROT INTERNATIONAL LDC FRBT DIRECTORS LTD

FRBT TRUSTEES LTD.

FRONTBIO, LTD.

FRONTERA RESOURCES CORPORATION

FRONTERA RESOURCES OVERSEAS CORPORATION

FRONTIER HEALTHCARE LTD.

FUENGOLF LTD.

FUK TAI (CAYMAN) INVESTMENT LIMITED

Looed thanks for your latest summary

I am a bit confused so I need to ask what will probably seem stupid questions

You say re the FIC case (I think )

….. Though not exactly a like-for-like situation, we saw in Cayman that Hope was able to end proceedings by withdrawing financial support….

Are you referring to the whole liquidation saga covering Liquidators actions in Caymans and USA via NY bankruptcy courts ?

I cannot recall seeing anything from liquidators / Caymans / NY courts saying case finished

Has the liquidation process come to an end ?

If so what is the final outcome / standing of the the liquidated Co’s , are they now officially closed with the assets that were transferred to FRR US now totally secure in that Co ?

Hi WHB

Totally agree with everything you says about Ya.

However we got into bed with them presumably knowing their methods .

Having challenged them over their actions in Sept 18 RNS the Company in Oct 18 RNS said …..

"I am very pleased with the way the Company has resolved its disagreement with YA. The settlement terms are mutually workable for both the Company and YA. As a result of this settlement, the inconvenient overhang of monthly conversion has been removed which should positively reflect on the Company's share price and market position going forward. The Company is moving on with paying down the remaining balance to YA by way of cash redemption and without recourse to the conversions as was the case in the past."

Yes I know it was ZM ….but it was an official RNS so he was speaking for the Co.

No more has been said publicly by the Co on the debt .

Irrelevant of wether we like Ya or not we owe the money it seems .

My post was not to defend or support YA but to voice my feeling for the matter to be resolved quickly .

This was due to my fear that if prolonged further, with say Ya having to go back to square one , the case ….MAY ….be used by the Co as an excuse to prolong their blackout , even once all others have been settled .

I say that as we don’t have a definitive list of known litigations that in the Co’s view, requires the longstanding blackout to continue or delays any form of return to business normality .

Pyrotec said re YA

…..I think they will get something back if they are patient and let the company get back to doing business, What they are doing is slowing the start back date and so slowing payback date for all. ….

If that is true , then that reinforces my point , particularly his last sentence. Having said that , isn’t it the Co’s actions dodging YA thats slowing us up .

Suppose the big question is ….is it a case of won’t pay …or can’t pay

Should Ya have to start all over again and it was under the circumstances as detailed in the last para of my previous post I would be more than happy.

But part of me wishing YA to win soon ( assuming we owe the money ) is far from having any sympathy with them …..its about after over 4 1/2 years , wishing to reach the end of the overall situation we are in.

Going to be be seen as controversial below I suspect .

Whilst I support the Co’s aim to overcome all its obstacles , one part of me hopes Ya get a swift conclusion in their litigation , after all we do owe the money don’t we ?

Don’t want more years of hide and seek over this issue should they fail .

Unless of course all other stars align over the next few months allowing the Co to come out of the dark re comms and getting back to the task of exploiting their holdings ( whatever they are currently / going to be ) and realising some value for shareholders , with dodging Ya then becoming a side issue to a properly functioning company .

Toffers , filtered you a couple if weeks ago , then this week I needed a laugh ….so unfiltered you .

Many thanks for the amusement ….keep it up

Looed

My preference as I am sure most would agree would be for a website that was used professionally by the Co to amongst other things promote / inform about it business and communicate with its shareholders ….but obviously we are not there at this point .

No I don’t propose a library of court documents

I do propose that the Co uses the website to inform us of developments that have been put in the public domain , certainly re concluded litigation.

For example ….Informing shareholders of their recent success in court against ZZ in Texas or their settlement of proceedings with Hope in Cali .

Whilst putting Co’s commentary on the finalisation of a case would be welcome I know that would asking to much presently .

You and others spend time / money digging out this info , the Co must be aware of that and I see no reason why they cannot communicate the examples above to shareholders as they occur .

Some may say its no great work in uncovering this info once links / alerts etc with sources paid or unpaid have been set …I don’t know ….but whichever it would be easier all round if we could rely on the company to inform us ……at the point when the info is placed in the public domain .

Apologise if I was less than clear in the last para of previous post .

Its the opposite of your take on it .

I am suggesting that ZM and other protagonists, via their own involvement and / or info gained from their networks would already be aware of developments as in my examples above , so the Co sharing that info via its website to shareholders would be of minimal , if any , value to them .

The efforts put in by yourself and others is of great value to other members on this board .

Alongside that that its clearly accepted by the Co that this board is a way of communicating to shareholders , currently via yourself and Jim .

You have to ask though ….what about the shareholders NOT on this board .

How many of them have any idea of ZM antics or indeed that he is out .

Do they know some sort of settlement has been reached with Hope …or even ….that the Co still survive’s .

I don’t think the world of FRR shareholders starts and finishes on this LSE chat board , however that appears to be the view of the Co.

Looed re your comment to WHB earlier today of ….

For all the talk about formal comms I don't know what people expect in terms of detail……

Probably all the facts we have gathered gathered over the last 41/2 years have been gained out of documents once placed in the public domain.

Cali , Texas NY and Caymans courts , Gazettes etc , all unearthed by the efforts of yourself and others . Funds also supplied by shareholders to assist in that cause.

I suppose what I would appreciate in terms of what detail of comms could be given is for the company to inform us about the “ in public domain” docs , as they are placed , with website being the obvious place to inform us .

Save a lot of work all round

Or do they assume ZZ won’t be following Hope / Ya / FTI / Mourant cases etc ….and vice versa …..via Court doc placing alongside their networks of contacts within the “saga “ community

Re Madagascar oil …..copy below into google search ….

[2023] SC (Bda) 13 Civ. 17 February 2023

….click on same in results and you will see fairly recent Court Doc from Bermuda courts

Has distinct shades of Deja vu ….Outrider …..$36 m Facility A loan , a company called Green ( not the same we know ) …along with a case Judge Krawley oversaw whilst on Bermuda bench is referenced in president .

Not relevant to us as such but Interesting read nonetheless as insight into Outrider tactics when trying to recover money owed .

Looed …..could I ask ….why you are asking ?