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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Frontera Res | LSE:FRR | London | Ordinary Share | KYG368131069 | ORD SHS USD0.00004 (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.2875 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
21/9/2018 16:15 | Why would FRR call YA our over their calculations? Why get lawyers involved if there wasn't a case to answer. -------------------- They can't pay in cash and they can't issue shares as its just hoisting a flag that says we have no cash. There's no cash cos there is no oil. It would absolutely crash the share price if they have to admit there is no cash as the T Wells have failed. There would just be YA left relentlessly selling and dilution to oblivion. So they dispute the conversion notice. That kicks it into the long grass as now its up to the lawyers to argue about. I don't think there is anything to argue about but it doesn't matter because now all YA can do is try to recover what they are owed and that takes time. My version of events fits perfectly with what we know. | loglorry1 | |
21/9/2018 16:09 | Its all assumptions from me and you so you think im mad for going long and ditto for you going short | mick1909 | |
21/9/2018 16:00 | Loggy, Forget the noise for a minute and ask yourself this. Why would FRR call YA our over their calculations? Why get lawyers involved if there wasn't a case to answer. Cheers | thefozzer | |
21/9/2018 15:52 | "They had till 31st aug friday" It's great when a post starts off with a complete unfounded assumption. You have no idea what the exact terms of the deal with YA are. Of course if what you said is true then they'd be no reason why FRR could not have explained it like that in the RNS and shown investors just what thieving scumbags YA are. Instead they left it all open to interpretation. I wonder why. | loglorry1 | |
21/9/2018 15:18 | This is hilarious. I have been banging on about the evils of death spiral finance for years, and how any company that uses it is throwing their shareholders to the sharks. All of a sudden, when I'm completely vindicated by all of the shorts that i've put on against those companies that engage them, I am somehow in league with the death spiral financiers I've been so scathing about. Yup, that makes sense ... | wshak | |
21/9/2018 15:16 | I don't think they did pay in cash. If they had they'd have RNSd it.YA jumped the gun and FRR wanted to pay in cash by month's end which is why it disputes the validity. The Company vigorously disputes the validity of both the Conversion Notices and the Purported Default Notice, and is continuing to investigate YA II PN Ltd.'s actions in that regard. T | tickboo | |
21/9/2018 15:09 | Totally agree | mick1909 | |
21/9/2018 15:07 | If they have no cash why did they want to pay in cash and not shares. ---- I don't think they did pay in cash. If they had they'd have RNSd it. | loglorry1 | |
21/9/2018 15:06 | You better hope not log | ccr1958 | |
21/9/2018 15:04 | If they have no cash why did they want to pay in cash and not shares. | tickboo | |
21/9/2018 15:03 | YA know very well they'd make more money getting shares, shorting and selling shares rather than straight cash. Zaza knows this and is I believe caught them out. I imagine FRR is finally in a position of strength so oil revenue might be more than okay which is why he's flexing. | tickboo | |
21/9/2018 15:02 | It was necessary to stay afloat but were in a better situation to challenge them now -------------------- Why are they in a better situation. No cash, virtually no oil production, no success on B12, in arbitration with host government, creditor putting them in default on their loans. Oh yeah sorry I remember they said they were in early stage talks with two major oil companies. I wonder given what's happened since if that is even still the case. | loglorry1 | |
21/9/2018 15:01 | Basically YA got greedy | mick1909 | |
21/9/2018 14:54 | DevonianExile795 postsRE: YA caused PAINSome good posts today folks. Just to add another dimension to the YA saga cast your minds back around 12 months.We had conversion notices on 7th July, 19th September, 28th September, 4th October, 6th November etc. The dates were all over the place - and the one on 19th September was late - due to Zaza trying unsuccessfully to get YA to delay the August tranche (and of course the price that went with it). Two things were learnt here.First, it was blindingly obvious that YA were forward selling - and I think the issues over the 19th September 2017 release crossed a red line with Zaza. He never forgave them for that action.Second, the dates were all over the place and I know a number of us contacted the Nomad about the appearance of there being no predictability here. Jo informed that the contract was open to some interpretation on timing - but nevertheless there would only be one a month at the end of the process. I posted on ii about this at the time but of course the ii revamp succeeded in wiping out posting historyI suspect that the timing issue is still not 100% clear, and of course the table has turned with FRR wanting to exercise the option to settle in cash. We all assumed certain dates - I assumed around 16th in the month - but my guess is that the contract just refers to the "month". So probably FRR wanted to leave the cash payment option to the last minute, but YA jumped the gun and to add to the problem were caught red handed forward selling. Hence the stack up this week.Will be one for the lawyers and I suspect Zaza wants to play a very hard ball. And of course the prevarication then gives FRR more breathing space to get the cash flow moving properly.Just a theory but very likely in my view. Roll on the next two weeks. | mick1909 | |
21/9/2018 14:51 | It was necessary to stay afloat but were in a better situation to challenge them now | mick1909 | |
21/9/2018 14:31 | Buys shown as sells again all over the place . | ccr1958 | |
21/9/2018 14:28 | Desperate , interesting....like the posters living in the past ...wake up ! | ccr1958 | |
21/9/2018 14:24 | Mick why does showing YA are bad guys help equity holders of FRR? Surely it just shows how desperate FRR were to borrow money from them in the first place? | loglorry1 | |
21/9/2018 14:18 | https://www.sec.gov/ | mick1909 | |
21/9/2018 14:10 | Tune player,I haven't seen the emails myself but I doubt very much that YA broke the law. They are too smart for that. | wshak | |
21/9/2018 14:08 | I should point out that I view FRR as sitting somewhere between being a huge stock market promotion like UKOG and an outright fraud like CTAG.If I view FRR as being less trustworthy than UKOG, one of my most successful shorts ever, that should be cause for concern for those that see it as a viable investment. | wshak | |
21/9/2018 14:08 | I think it’s about to deliver more attention than you’ve envisaged, anyways you never answered my Q from earlier. | tune player |
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