Quiet here this afternoon. I’ll spoil it by telling you my interpretation of Hope’s attempted takeover.
Obviously, Zaza thought the fiduciary case was necessary. He was right. I’m sure that it was the pressure of the impending case which caused Hope to make his move to take over the whole company - he wasn’t to know that he was only going to get a baited subsidiary until it was too late. But he had the fiduciary case pending, the passing time allowing FRR to become more solvent, and a strong possibility of discovery ruining him - so he had to wipe FRR out before the trial, which caused him to attempt the takeover. And as this was an obvious attempt at deliberately selling all the company’s assets for his own benefit, he had then to immediately resign as director or leave himself without a defence to an obvious, and very serious, fiduciary breach charge. So he jumped, no doubt thinking he could distance himself from the takeover while leaving his gang in charge of the company (“they’ve done what? Crikey. Nothing to do with me, gov.”). HaHaHard luck, mate. I would say that Zaza’s plan really worked. Hope has gone. Brilliant. The fiduciary case has already performed stirling work.
So are FRR going to proceed with the court case? If they do have very strong evidence to prove that Hope deliberately worked to seriously suppress the SP or otherwise bring about the decline and fall of FRR (and which couldn’t be said to be in the interest of Hope’s debt repayments), then FRR should go ahead with the trial. It could get Hope off our backs for good - and there are about 57 million other good reasons for proceeding, too. But if FRR do not have that very strong evidence, then stop the court case as soon as sensibility allows, and let’s get on with business.
If I’m right about Hope being forced to jump through fear of possible (probable?) strong evidence, then it really does look like that evidence exists. But only the main Frontera protagonists in this fight really know if it does. I wish them good luck.