This has clearly been the intention of FRR from the outset. Hope’s appurtenant duties were to Frontera and not, as he now wants to claim, other 3rd parties, in particular those he is associated with, whether now or in the past, as in OR.
I am struggling to understand here how he can be so ignorant of his fiducial duties and the fact that his legal team have revealed everything they have at this stage without any recourse or challenge to the more serious allegation of failure in his fiduciary role and requisites staggers me. They must be aware of the consequences and were I instructed by him would be advising him in the strongest terms to prove, first to the legal team and subsequently the ability to prove to any court, that he has acted within his duties to the company. Any hint of non-compliance would be disastrous and his situation become not only untenable but potentially serious with the SEC focussing their lens in his direction too.
The big question is, whether he is willing to risk all that over a personal argument with ZM & SN. Clearly, pride has overtaken logic here and I feel, the latter 2 have allowed the non-payment to engineer this situation in the knowledge of Hope’s ulterior motives being true, w which is what appears to be evidencing now.
Hope’s lawyers are making a lot of noise, and that is really all they are doing. Not much of it is anything that suggests any serious wrong-doing by Frontera, the fact they had circa $75k in the account is nothing, many companies operate on thin margins and all these lawyers achieve is creating a poor smokescreen to detract from the serious issues at hand.
It would not surprise me if this never reaches court given the high stakes at play, but when it becomes personal [Hope] all bets are off and sensible course s of action become quickly ignored. Were it me, and knowing my real intentions when I took hold of the loan notes coupled with the potential of the SEC examining my performances I would be quick to withdraw and avoid that particular lens. Nobody wants to go to prison, least of all someone with an ego like Hope. Best to withdraw and find another sucker to draw in… Booster11, do you need some financial support???