Frontera Share Discussion Threads

[loglorry1] 11/10/2018 17:29

Honestly Loggy, the guy was bouncing, he looked like the cat that got the cream.
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... and here we are back at staring into his eyes again. You wonder why I call it tiresome.

[loglorry1] 11/10/2018 17:28

A major "super" or otherwise will pay the minimum they can. FRR shareholders will take whatever they can get because the alternative is even more dilution. I know you'll just say there are two so they'll bid against each other. How convenient that Zaza said there are two interested.

We know YA have not been paid and have served notice. If YA propose the deal I said £2.65m at 0.1p to FRR or else off to court we go what else can Zaza do but except it? The convertible shares are secured against the assets ahead of shareholders and probably behind the other debt.

From where I'm standing YA can pretty much ask for what they want and get it because Zaza hasn't paid them despite what he said at the meeting. This ideas that he can just restart the death spiral is not even on the table anymore.

[thefozzer] 11/10/2018 17:27

YA didn't really seem a concern to Zaza either during the meeting.

Honestly Loggy, the guy was bouncing, he looked like the cat that got the cream.

[thefozzer] 11/10/2018 17:25

Seeing as we're playing what ifs

What if, Zaza stalls YA and waits for the super major deal RNS, share price spikes up to 1.2p+ and then Zaza does a cheeky PB or ii placement to pay off YA.

What if, Zaza stalls YA and waits for an agreed signing on payment from the supermajor. Said super majors agrees to loan or give FRR say $5 as a "bonus" or as a result of lost earnings for the T wells not being put straight into production.

Honestly Loggy, YA is the least of my concerns.

[thefozzer] 11/10/2018 17:18

"This is exactly the sums they do."
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Lol, don't be silly Loggy, a super major will not look at FRR's share price and market capitalisation. A super major looks at the asset and revenue/profit potential i.e the bottom line.

[loglorry1] 11/10/2018 17:14

I'm really not too fussed about YA
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What if (cos we like them don't we) FRR give YA $2.65m in FRR shares at 0.1p to go away? Assuming they've not forward sold them would you then not care about them? They'd be a huge overhang in the stock.

Oh and BTW a major "super" or otherwise can look at the market cap of FRR and do the math. They can say for £25M FRR have 100% of Block 12 and so we think 75% is worth £15m but we also bring so much more to the table so we'll want 85% for a £10m carry.

This is exactly the sums they do.

[thefozzer] 11/10/2018 17:13

Thanks for the lesson in law Loggy.

Do you have much experience in farm outs or joint ventures with Super Major Oil and gas companies?

[loglorry1] 11/10/2018 17:11

If YA did this is that illegal?
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@fozzy I think you show your ignorance of law and contracts. Criminal law like killing someone or mugging an old granny is illegal and breaks criminal law. It also includes securities fraud. There is no suggestion YA are not doing that.

FRR might think they are in breach of contract which is is then open to a civil case to resolve. The courts that resolve it would be defined in the contract.

Unfortunately, debts don't go away just because the lender breaks the law. I still have to pay my mortgage (if I had one) to RBS even if Fred Goodwin broke securities law.

[loglorry1] 11/10/2018 17:07

@fozzy if there was a clause in the contract with YA that said that they were not allowed to short or sell with late settlement any FRR shares and that being in breach of that clause would put mean FRR could avoid payment then it's possible that FRR might have a case for not paying. Otherwise I personally can't see how it is any of FRRs business what YA do as far as shorting or selling with late settlement.

HOWEVER before you get all excited YA are never ever ever going to sign up to a deal like that. Their whole modus operandi is based around selling with late settlement and/or borrowing stock to sell before converting to cover.

[thefozzer] 11/10/2018 16:53

"Even if, in the worst possible case for YA, they had been selling short"

If YA did this is that illegal?

[thefozzer] 11/10/2018 16:51

Loggy,

It's a true mystery eh, my commentary and experience on YA is limited. The main thing is that YA are not dumping stock into the market and that Zaza is doing his best to protect share holders from dilution.

It's been obvious that shorters have been using YAs activities with FRR to help them with their shorts. This has now stopped, this is a good thing for FRR share holders.

[wshak] 11/10/2018 16:47

Log,

I think the whole YA thing is a farce. It's only a matter of time before YA are selling shares again with FRR's approval.

Even if, in the worst possible case for YA, they had been selling short, they are still due the funds that they have lent, and are entitled to ask for it back.

A dispute over one party's actions does not make the debt go away.

Under normal circumstances, you'd expect FRR to meet their obligations but sue YA separately for any losses due to actions of bad faith.

[loglorry1] 11/10/2018 16:29

12 mins into @fozzy's recording Zaza talks about YA



He says "recently maybe a month or two ago, I can't remember exactly the date, It came to our knowledge, .... that there were Frontera stock trading that we didn't allocate".

2 months before the 4th October meeting was 4th August.

The only cash payment that FRR made to YA was below the $241K required sometime between 7 June RNS where the balance owed was 2.891m and 30th June since at 30th June we know the balance owed to YA was $2.65m as it is today.

So the whole of July was no payment was made and then according to Zaza the they noticed at the start of August that YA had been selling shares and so decided to dispute everything.

Why in that case was no July payment made?

Why if they had suspended payments to YA for all of July, Aug, September was there no RNS to that effect until finaly the news broke in October?

Then at around 14mins in he goes on to say they are still investigating and meeting with YA and had a meeting with them on the day of the meeting. If what he says is true he has had almost four months to find out what's going on and has had YA cooperation to that end.

It strikes me that he's making it up!

[thefozzer] 11/10/2018 16:22

Oh dear, sorry old chap if ive tired you out. I do have a reputation for endless energy.

Take it easy yourself. I don't think you're a bad person either but I know Wshak is leading you astray.

[loglorry1] 11/10/2018 16:16

@fozzy you'll have to excuse me if I don't answer your repetitive questions or respond to your endless speculation which all make wild assumptions leading to the contrived conclusion that the share price will go up.

To be honest you sound like a nice chap but its all a bit tiresome.

[tune player] 11/10/2018 16:11

Oh dear desperation strikes again! Wasn’t it TW that was going on aboutbthe NOMAD jacking in?

Looks like WShak and Loggy are closer to the action than we may think.....

With that in mind can you please tell us what was in the emails.

That would prove that we as investors are actually being led up the garden path.

So WShak can you give your old friend Tom a call and get the emails for us???


Appreciated

[thefozzer] 11/10/2018 15:58

WShak,

Come on, don't be so passive aggressive and obtuse. Just as I thought you were making some progress.

Not long to go, soon find out if you're right or wrong on this company. Mid Nov at a guess.

[wshak] 11/10/2018 15:53

thefozzer,

What will the share price do if a magic fairy waves her wand and causes all of the oil in the whole world to levitate out of the ground and float over to FRR's acreage, then dropping directly into storage tanks?

In such a scenario, the bears would be bust, of that there is no doubt.

You have opened my mind to the possibilities ...

[thefozzer] 11/10/2018 15:34

Good man WShak, I see you're starting to come round to idea of the super majors doing a deal with FRR.

I think Exxon will be looking at the Gas dear boy not the oil.

But yeah, this is this risk that the deals fail to ignite the market.

Nice to see you're opening up your mind, keep it up, it could save you some money.