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Mad
What was it the FTI sold to Green & Zz for $125k and the surrender of $6 mill. “owed “ to Greens by the Co ?
Looed re my post below from last week of …..
Also if anything came out of their permission granted by Cayman court to commence legal proceedings in the United States against directors of FRGC, Frontera Resources Caucasus Corporation, Frontera International Corporation, and/or Frontera Resources Corporation and related entities back in 2021, can’t recall we have seen any firm action on that front ….maybe wrong……
Are you aware of any developments re the above ?
Be interesting to see if there is any movement in Caymans i.e. FTI bringing the liquidation to a close with final creditors meeting .
Also if anything came out of their permission granted by Cayman court to commence legal proceedings in the United States against directors of FRGC, Frontera Resources Caucasus Corporation, Frontera International Corporation, and/or Frontera Resources Corporation and related entities back in 2021, can’t recall we have seen any firm action on that front ….maybe wrong
Many thanks to Erick, Puds and Looed for their work re the fund and its use .
I would be happy to add to any future funding .
One thought though ….we don’t we ask the Company for a significant contribution .
I presume they are aware of it and its purpose .
Seems they are content via their continuing silence re developments that are out there to be found to force shareholders to pay themselves to find it ,as opposed to them professionally informing us .
So if we are important to them the least they can do is assist us financially in unearthing from public records etc what they should be telling us .
Good luck Toatie
Many thanks to Chris for unearthing this latest info .
Some encouraging pointers to FRR still possible having a future in Georgia .
This comes on the back of the encouraging news for FRR we had recently that a settlement with Hope may be near .
So encouraging news on two fronts for FRR but will the final outcome be good news for us shareholders .
I want to be positive re the future but I won’t be holding my breath for a favourable outcome for us .
Why ? …..Hope has previously shown he his happy to cast us adrift / bottom of the pile and I fear any deal he is happy to conclude may follow the same line .
nogamble…..No doubt when they have concluded all currently known cases , in the spirit of communicating directly with us once all known legals are finished they will cite parking ticket appeals as a reason of not being able to do so .
Jeez Life….Mapp hardly has a positive word to say on any subject !!
Mapp
I thought you were a senior citizen .Now as you blame others for your choices I am thinking your are a millennial , or is it you have self identified as 21 , if so what is your chosen pronoun ?
Looed , thanks for this , good idea to use the fund for this purpose.
Whilst talking about the fund , does your contact within the Company know about it and what it has been set up for ?
Have they made any comment on us having to use this route to gain information ?
Looed many thanks for the latest court docs
I see there are a number of emails on 24th April 18 discussing the dire financial situation and where / how desperately needed money would come from .
What I cannot see in any of the emails or Hope declaration is any reference to the Green Capitol forward sale agreement .
Below is from FTI ( I think )…..
The Green Capital Contract
On April 25, 2018, shortly after the Georgian government initiated the international arbitration and at a time when FRGC was in desperate need of capital to try to actively develop the area covered by the PSC and avoid its forfeiture under the government’s claim, FRGC entered into a Forward Sale and Purchase Contract (the “Forward Sale Contract”) with Green Capital. See PX 7 at 1. Green Capital initially pre-paid $2.8 million under the Forward Sale Contract, but the contract was amended on October 19, 2018, to increase Green Capital’s pre-payment to $10 million. See id. § 8.3, Addendum #2 § 1. The October 2018 amendment also granted Green Capital a security interest in
FRGC’s assets…
With us entering the contract with Green the day after the email exchanges seems strange that its not referred to in the emails / declaration …..maybe only one director aware of it !
Can’t recall any RNS ‘s about it at the time , certainly was non re the Oct 18 amendment giving Green security interest in FRGC ‘s asserts .
Looking forward to SN response .
Interview from April this year with Natural Resources Minister Alexander Kozlov, who is also COB at Rosgeo .
Half way through he talks about licences/ assets at Rosego
Apologies if already posted or if irrelevant .
https://www.google.co.uk/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&ved=2ahUKEwjkgqOykIv7AhVGQUEAHRhcAlAQFnoECDAQAQ&url=https%3A%2F%2Finterfax.com%2Fnewsroom%2Fexclusive-interviews%2F77814%2F&usg=AOvVaw132NvnqF568SFaysg5s4jB
Is this linked to the rail spur requirement
www.railway-technology.com/projects/uinta-basin-railway-project-utah-usa
Tsbs1….agree 100%
I see multiple numbers on the chat icon so scroll down eagerly thinking some news is at hand only to find its Grumpy and Dopey talking to themselves , together with of late, the new self acclaimed board moderator accusing anyone who does not think along the lines of All Things Bright & Beautiful of not being a genuine shareholder.
.
Looed , thanks for latest update .
Below reminds us that Outrider have other battles which take up time and money no doubt .
Can’ t get link to work so need to copy / paste
efile.fara.gov/docs/5712-Informational-Materials-20220428-35.pdf
Looed, thanks for response. Re the multiple reasons you refer to for the comms chain starting , ……can you share those reasons with us ?
Looed , I see nothing wrong with any shareholder criticising the Company for communicating ……..(if thats the correct word for the way they have chosen to share tit bits of info with their shareholders) ………via the shareholder they CHOSE to represent them
I maybe wrong but I assume you rattled them some time back with your threat to expose the way they were treating shareholders in your letter to various people / bodies etc .
Whatever the reason clearly you are the CHOSEN one as other shareholders / shareholder group have tried ….and still do …. to get info from them and are totally ignored .
Russian energy exec falls from boat in latest mystery death
A high-level executive in Russia’s energy sector has died after apparently falling off a boat over the weekend, becoming the latest Russian powerbroker to perish under mysterious circumstances.
Ivan Pechorin, 39, managing director of the Far East and Arctic Development Corporation (ERDC), was sailing off the coast of Russky Island in the Sea of Japan on Saturday when he fell overboard from the speeding vessel.
His body was recovered from the water on Monday following an extended search.
Only days earlier, Pechorin had attended the Eastern Economic Forum, which was hosted by President Vladimir Putin in Valdivostok.
https://nypost.com/2022/09/12/russian-energy-exec-falls-to-his-death-from-boat/?utm_source=url_sitebuttons&utm_medium=site%20buttons&utm_campaign=site%20buttons
I don’t suppose the COMPANY we invested in had any control over ZZ once he had been dismissed . It could be argued though that they should have been closer to his actions in Georgia once dismissed .
However prior to dismissal his actions were COMPANY actions and the COMPANY had other directors / senior staff / lawyers etc all of whom have a responsibility to the COMPANY’S actions .
Surely actions that were taken such as reneging on returning underdeveloped land were COMPANY actions not ZZ actions .
If the other senior COMPANY staff were unaware of any decisions that ZZ as an employee of the COMPANY took were not in the COMPANY’S best interests …..THEY SHOULD HAVE BEEN
Their awareness /oversight /involvement / responsibility should have ensured ….THOSE ACTIONS DID NOT OCCUR .