Just to ensure those who read both the main boards have it - I posted this on LSE today in response to various questions…
"I wasn’t going to post but decided in the end to update.
- FSHG signed up members collectively have around 4.5 billion shares. Whether all actually feel “signed up” is probably debatable
- We have tried 7 or 8 times - as recently as 11th September - to contact the company. We have not been successful.
- We said all along we will only contact the 520 or shareholders on our database when we have tangible information. We don’t as yet
- We have one or two lawyers in our midst who have offered advice and comment. The facts of life are that this is now a US HQ company, registered in the Caymans and operating in Georgia. London at this point has very little to do with it - no assets, no office and no resident directors.
- Unlisted Companies registered in the Caymans have very few rules to comply with regarding shareholders. It is all on the web if you look for it
- However the Articles/Memorandii do require shareholder approval if significant change to structure is required - eg to the
authorised share capital. At some point there will have to be contact - most likely when the legal mud has cleared
- Frontera is clearly still alive and kicking - somehow. If there is a potential “Resurgem” moment the general view of the FSHG team is to make sure we don’t jeopardise it
Back to my box"