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FRR Frontera Res

0.2875
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
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 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Frontera Share Discussion Threads

Showing 40451 to 40473 of 51575 messages
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DateSubjectAuthorDiscuss
15/10/2018
14:35
Lubumbashi1,594 postsLub's new conspiracy theory :)At the time of the Outrider debt conversion and Stephen Hope's appointment to the BoD a couple of service providers were paid out in shares. It was several 100m shares. Market movement at the time suggested that those shares were then sold at a pre-determined price to a 3rd party. I raised the possibility that the purchaser was Outrider and/or Hope which justified his appointment, this was never confirmed. Now for the theory. What if our 15m seller is Hope using those shares. Maybe he has been manipulating the share price in order to keep the assetsat a price where he can basically steal them from under our noses and Zaza has used the YA issue to force his hand. He could also have been accumulating through the YA conversions as that has been a source of large quantities of cheap shares for some time now.Just an idea to break the monotony of most of today's threads.
mick1909
15/10/2018
14:34
Lubumbashi1,594 postsLub's new conspiracy theory :)At the time of the Outrider debt conversion and Stephen Hope's appointment to the BoD a couple of service providers were paid out in shares. It was several 100m shares. Market movement at the time suggested that those shares were then sold at a pre-determined price to a 3rd party. I raised the possibility that the purchaser was Outrider and/or Hope which justified his appointment, this was never confirmed. Now for the theory. What if our 15m seller is Hope using those shares. Maybe he has been manipulating the share price in order to keep the assetsat a price where he can basically steal them from under our noses and Zaza has used the YA issue to force his hand. He could also have been accumulating through the YA conversions as that has been a source of large quantities of cheap shares for some time now.Just an idea to break the monotony of most of today's threads.
mick1909
15/10/2018
14:30
The arbitration with the host government has gone nowhere since it came to light. Zaza has stated the request is to give back some of B12 back to the gov and that the arbitration will not affect a deal being done from Taribani or MK.
--------

Yes and we know he lied to you all as days later he was forced to RNS that the arbitration was proceeding and was over the whole PSC.

He spouted off at the meeting and you mugs lapped it up.

What are you going to do if the injunction is lifted in a few days or weeks? That will mean Outrider own the assets and can do whatever they want with them including selling them to your majors.

loglorry1
15/10/2018
14:27
Tune player LMAO. Al.
bryall2
15/10/2018
14:25
Loggy, outrider had every right to collect their $30m in 2016 but seemingly messed up in a big way.
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Utter tosh in 2016 FRR didn't have $30m (actually it was less then). They got from FRR as much as they could which is senior secured debt on the topco at eyewatering 12% PIK rate and a seat on the board. What else could FRR have given them? They had no cash to repay.

You are coming across as out of your depth here @fozzy. WShak specialises in distressed debt situations. We've both seen plenty of debt terms. I can assure you while the maturity is 2020 there's plenty of other reasons the debt can become due sooner. The most likely is a cross default caused by YA.

Bottom line here @fozzy if the T wells flowed FRR could raise the 2.65 to pay off YA and that would have saved them from Outrider too. It may be too late for that anyway now. It looks like the sum required is $32.65m .

loglorry1
15/10/2018
14:06
Mick,

The arbitration with the host government has gone nowhere since it came to light. Zaza has stated the request is to give back some of B12 back to the gov and that the arbitration will not affect a deal being done from Taribani or MK. Even share price admitted the arbitration wasn't for the whole block.

The is with YA is for a poxy 2.6m and good on Zaza for pulling them up if YA have acted irregularly.

The issue with Outrider is the one that id be most concerned about, however the agreement is for the loan to be paid back in 2020 so do have Outrider have a strong case or is Mr Hope simply trying his luck? Whatever is going on its down to the legal eagles to sort out.

2p by Xmas or 0.02p? Take your pick.

thefozzer
15/10/2018
13:54
Malcy seems to think we have very strong case with YA
mick1909
15/10/2018
13:52
Foz The bears see this as a slam dunk due to ongoing issues with 2 creditors and the host governmentThe bulls see it as hostility from the creditors and played them into a honey trap as the pie is that big everyone is getting greedy and wants a bigger slice The share price is on the verge to move big which way will it flip at least we know how much we stand to lose the bears don't
mick1909
15/10/2018
13:45
Mick...

Speculation by me but if Exxon are about to do a huge deal with FRR a lot of the stakeholders in B12 and FRR will start to jostle for their positions.

thefozzer
15/10/2018
13:29
With whats happening itll go big either way id put a stop loss just in case
mick1909
15/10/2018
13:29
Why are people here obsessed about what the SEC thinks of YA?

YA's activities as they are carried out in the UK are ILLEGAL in the US. I have long campaigned for them to be illegal here too, but the UK is a soft touch for such firms.

My argument is that any firm that hires such sharks is itself extremely dodgy. YA's activities are not a surprise, which is why any firm that uses them is a stonewall short.

wshak
15/10/2018
13:27
Loggy, outrider had every right to collect their $30m in 2016 but seemingly messed up in a big way.
thefozzer
15/10/2018
13:26
WShak.

Not true. Outrider had every right to collect their debt in 2016 but due to Outriders "shenanigans" had to compromise to rolling the debt to 2020. Just What is now going on isn't clear but Mr Hope could be jeopardizing his $30m if FRR were successful in seeking financial compensation.

The prize must be Huge For Hope to risk everything. Down to the legal bods now to sort this out.

thefozzer
15/10/2018
13:26
Confess have you added to your shorts??
-------------
@Mick you should have been born in the 14th century. You'd have had great fun burning witches.

loglorry1
15/10/2018
13:21
Mick thing is the FRR lawyers might have claimed that but they lost. They ended up giving Outrider about as much as they had to give!
loglorry1
15/10/2018
13:21
FJ.

Tax fraud is theft pure and simple whether done by Big business or individuals.

No ifs or buts.

thefozzer
15/10/2018
13:21
thefozzer,

Look at history. FRR have had a dispute with Outrider before and the result was that, rather than what FRR initially claimed, they were completely and utterly humiliated.

Not only did Outrider keep their notes in place, they IMPROVED terms as a result of the effective default and secured a charge on FRR assets. Not only that, their representative, Mr Hope, was added to the board as terms of the settlement.

Why would this time be any different? Because Zaza says so?

He must have had some idea of this coming legal case at the investors' presentation, yet he kept up his act.

That says everything ...

wshak
15/10/2018
13:11
DevonianExile802 postsFrom iiA good ChampionWonderhorse post on ii included this paragraph from the 2016 court proceedings - albeit in a different court:"Frontera asserted claims in the Adversary Proceeding against the holders of the largest outstanding group of Notes, Outrider Master Fund LP and Outrider Management, LLC (collectively "Outrider"), contending that Outrider was complicit in a scheme to misappropriate the Company's confidential information and trade secrets on a number of occasions in 2014, 2015 and 2016, and through those actions interfered with Frontera's financing efforts and ability to capitalize on financing and development opportunities that were then available to Frontera."Now the outcome of that lot was of course the agreement to the in non- convertible 2020 notes, and Hope going on the board, plus the notes assigned to Frontera International - not FEGL. LTHs will of course recall reading the files and how at least 2 hedge funds (the other was Lothian) were caught miss-using confidential information. I would bet my bottom dollar that one argument the FRR lawyers will use in the Grand court will be "Look m'lord - he's done it before. He's a serial offender!". In legal speak of course.As others say the stars are lining up here
mick1909
15/10/2018
13:10
FulhamJohn, your assessment is spot on Sir! Al.
bryall2
15/10/2018
13:01
tickboo
15 Oct '18 - 11:59 - 21374 of 21377

Tickboo fraud is fraud. And not declaring income or gains is fraudulent. I would avoid doing that. Others have been caught and punished. Blaming it on your accountant or anybody else seldom works.

The thing is - can you believe in and trust someone who has been punished for such behaviour? I wouldn't.


FJ

fulhamjohn
15/10/2018
13:01
Confess have you added to your shorts??
mick1909
15/10/2018
13:01
Just to add if Outrider lost such a case it's possible that $30m could get cleared as FRR seek damages against Mr Hope. :-)
thefozzer
15/10/2018
12:58
The net is indeed closing in Wshak and you have reasons to be fearful, very fearful. If Loggie had any sense he would distance himself from you and your associates and he might just save his skin. Jaknife aka Kevin already seems to have seen the writing on the wall and gone to ground. Another rat leaving the s(t)inking ship.....
the skipper
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