Frontera Share Discussion Threads

[wshak] 19/10/2018 08:19

Mick1909,

They owe $2.65m as of today.

Apart from there being 6 payments of $64,900, not 5 (a small error on your part), the total sum paid will be just short of $3m.

Oct, Nov, Dec, Jan19, Feb19, Mar19 - payments of $64,900, SUB-TOTAL $389,400
Apr19, May19, Jun19 - payments of $149,600, SUB-TOTAL $448,800

Final payment $2,141,700

TOTAL to be paid is therefore $2,979,900, or approx $3m

Why are FRR paying so much more to settle $2.65m in debt if YA are being taught a lesson?

It looks to me as though FRR are paying compensation to YA for failing to honour the conversion notice.

[tune player] 19/10/2018 08:18

WShak,

You’re not using the same style of maths with regards to adding up as you did with your tax affairs are ya?

If so no wonder you got nicked me old son!

[satanslave] 19/10/2018 08:16

well. .if this YA deal is regarded as good. .I'm really looking forward to clones negotiations on a farm in deal!
clone says. .Errmm. .OK mister major. .Errmm. .we'll pay for everything. .and Errmm. .then we'll give you all the money we earn. ...Errmm. .is that a deal then? ..Errr. .thanks. .I'll tell the market we've just done a great deal. .Errmm. .. .

[mick1909] 19/10/2018 08:15

Wait till the lemmngs arrive on this one 3rd Elliott wave 1.2p to 1.6p target

[bumpa33] 19/10/2018 08:14

"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."

Apart from when you’d already previously agreed cash repayment Zaza.

[mick1909] 19/10/2018 08:13

Its all in the RNS wassseeem

[mick1909] 19/10/2018 08:11

Cant trust you to add up You cant even add up to pay your taxes

[mick1909] 19/10/2018 08:11

Original agreement = 12 payments $265,000 = $3,180,000New agreementInitial payment $265,000 made in July5 payments $64,900 = $324,5003 payments $149,600 = $448,8001 payment $2,141,700265,000+324,500+448,800+2,141,700 = $3,180,000so the same amount

[mick1909] 19/10/2018 08:10

Cant trust you to add up You cant even add up to pay your taxes

[wshak] 19/10/2018 08:10

#FRR shareholders need to learn to add up. YA are being paid more ($3m instead of $2.65m) over 9 months as compensation for cancelling their notices of conversion. YA have had FRR on toast once more.

[mick1909] 19/10/2018 08:08

Original agreement = 12 payments $265,000 = $3,180,000New agreementInitial payment $265,000 made in July5 payments $64,900 = $324,5003 payments $149,600 = $448,8001 payment $2,141,700265,000+324,500+448,800+2,141,700 = $3,180,000so the same amount

[thefozzer] 19/10/2018 08:08

You're way to emotionally attached to this share and your emotion will cause you to lose money. Of this I'm certain.

[tune player] 19/10/2018 08:07

Here we are look with the shorters blindly propping up their withering shorts,

Would you pay for a car with one lump sum when you could take an interest free monthly payment and string it out over a year?

Yes you would and before the shorting scum say it’s not interest free I agree but the debt whilst the same has just been strung out for longer.

YA following years of strength have had it shoved up em by FRR.

Make no mistake this is a good deal for us.

Next up HOPE....

[thefozzer] 19/10/2018 08:06

You guys really are fools, can you not add up?
-----------------------------------

No WShak, it is you that is the fool.

[herb clark] 19/10/2018 08:06

Why all the sells?

[wshak] 19/10/2018 08:05

You guys really are fools, can you not add up?

The amount that they owe YA has gone UP by 12% over only 9 months if you add up the payments to be made.

If YA have been put in their place, why have FRR agreed to pay them more?

They will now pay approx $3m to settle $2.65m in debt!

[mick1909] 19/10/2018 08:03

Are you going to put anymore shorts on lads??

[bumpa33] 19/10/2018 08:01

Lower payment schedule, still redeemable in shares. Paying back more for the privilege. Yep, that’s really sticking it to the man..

[loglorry1] 19/10/2018 07:58

Looks like a similar deal to last time but lower payment schedule.

They have right to pay in shares. Looks like cash is extremely tight now.

[monty panesar] 19/10/2018 07:57

Ok. So my take is YA got themselves the wrong side of the line and have had to give a decent deal to FRR or face shareholder lawsuits.

Any idea how big the short is?

[bumpa33] 19/10/2018 07:55

Course it’s all they can afford. They’re skint. Even the company admit that ffs.

[mick1909] 19/10/2018 07:54

Does the term do not get emotionally attached to a share apply to shorting??

[popples] 19/10/2018 07:54

Loglorry1
Nowt to do with affordability. More to do with poking YA in the eye. We pay less a month and that hurts them.
Posting the old chestnuts of “cash call imminent or death spiral finance” is nonsense and you know it.