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Frontline Ltd. Message Board

nikkorott 100 posts  |  Last Activity: 7 hours ago Member since: May 15, 2012
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  • Reply to

    SEC Form 6-K

    by nikkorott 8 hours ago
    nikkorott nikkorott 7 hours ago Flag

    5. To approve the increase of the Company's authorised share capital from US$312,500,000.00 divided into 312,500,000 common shares of US$1.00 par value each to US$1,000,000,000.00 divided into 1,000,000,000 common shares of US$1.00 par value each by the creation of 687,500,000 common shares of US$1.00 par value each.

    You may want to save your beer bet until next week. It looks to me like there's going to be a continueing fire sale on FRO shares.

  • FRONTLINE LTD
    Take note of item #5.

    NOTICE OF ANNUAL GENERAL MEETING OF SHAREHOLDERS

    SEPTEMBER 19, 2014


    NOTICE IS HEREBY given that the Annual General Meeting of Shareholders of Frontline Ltd. (the "Company") will be held on September 19, 2014 at 11:00 a.m. at the Elbow Beach Hotel, 60 South Shore Road, Paget PG04, Bermuda for the following purposes, all of which are more completely set forth in the accompanying information statement:
    To receive and adopt the audited consolidated financial statements of the Company for the year ended December 31, 2013.
    To consider the following Company proposals:
    1. To re-elect John Fredriksen as a Director of the Company.
    2. To re-elect Kate Blankenship as a Director of the Company.
    3. To re-elect Georgina E. Sousa as a Director of the Company.
    4. To elect Jens Martin Jensen as a Director of the Company to fill a casual vacancy on the Board.
    5. To approve the increase of the Company's authorised share capital from US$312,500,000.00 divided into 312,500,000 common shares of US$1.00 par value each to US$1,000,000,000.00 divided into 1,000,000,000 common shares of US$1.00 par value each by the creation of 687,500,000 common shares of US$1.00 par value each.
    6. To re-appoint PricewaterhouseCoopers AS of Oslo, Norway as auditors and to authorise the Directors to determine their remuneration.
    7. To approve the remuneration of the Company's Board of Directors of a total amount of fees not to exceed US$450,000.00 for the year ended December 31, 2014.

  • Reply to

    OT BS We are pumping carbon into the atmosphere

    by barbershores Sep 10, 2014 10:27 AM
    nikkorott nikkorott Sep 13, 2014 12:51 PM Flag

    What's GWA CW?

    Back at the start of the industrial age, there was an aknowledgement that we were having an effect on the enviroment. The solution at the time was raise the smoke stacks to dilute emmisions. That little fix isn't an option any longer.

    Here's some more reading material for you;
    ucsusa dot Org/ global_warming/solutions/reduce-emissions/

  • Reply to

    OT BS We are pumping carbon into the atmosphere

    by barbershores Sep 10, 2014 10:27 AM
    nikkorott nikkorott Sep 13, 2014 11:40 AM Flag

    Lol. Nothing like a a good blood letting for your heart.

  • Reply to

    JF'S LEGACY !

    by pac22ken Sep 13, 2014 10:51 AM
    nikkorott nikkorott Sep 13, 2014 10:58 AM Flag

    I would suggest waiting until after the shareholder meeting at the least. I think it's next week.

  • Reply to

    OT BS We are pumping carbon into the atmosphere

    by barbershores Sep 10, 2014 10:27 AM
    nikkorott nikkorott Sep 13, 2014 10:51 AM Flag

    I'm going to guess a baby aspirin daily?

  • Reply to

    OT BS We are pumping carbon into the atmosphere

    by barbershores Sep 10, 2014 10:27 AM
    nikkorott nikkorott Sep 13, 2014 10:50 AM Flag

    "For that matter, apart from the selfish interest in continued existence, why would you conclude that a barren planet has any less value to the universe than the current configuration?"

    I had to read that twice. It's quite possibly the stupidest thing I've read in months, and I read Dilbert every morning so that's saying something.

    Feel free to do your own due diligence on climate change. There's a UN report that came out last month that's worth a read if you're interested.

  • Reply to

    OT BS We are pumping carbon into the atmosphere

    by barbershores Sep 10, 2014 10:27 AM
    nikkorott nikkorott Sep 12, 2014 9:58 PM Flag

    Semp,

    From your previous posts I'm really surprised by this particular response. If by "WE" you mean you and I and those living today, then I agree the problem may be to big to halt and reverse. I just don't agree that starting the process is beyond us or our understanding, for future generations to finish. The effort wouldn't be for an atta boy from the universe. It's to ensure that the unique properties of this partuicular planet continue on. Consider it a Universal Park. Pack it in, Carry it out.

    Wasn't it you that was complaining about leaving so much debt to our next generations? I could have sworn that was you. Don't you think that, as far as priorities go, a habital planet is a skosh more important than a high debt load? If the debt gets to high you can default. What's the default position on a barren planet?

    You are a smart giuy. Take some time this weekend to read through some of the climatology reports. There are a number of fresh ones out there.

    PS Your leech example is extremely appropriate because leeches are actually approved by the FDA for medical usage.

  • nikkorott nikkorott Sep 12, 2014 5:35 PM Flag

    Barber, you're totally correct in that the Northwest passage will be used. As soon as they can insure the route, ship will be there.

    By the way, the SS Manhattan made the route in 1969 with a supporting fleet. The goal was to see if it was feasible prior to going the all of the work of the Prudhoe Bay pipeline.

  • Reply to

    OT BS We are pumping carbon into the atmosphere

    by barbershores Sep 10, 2014 10:27 AM
    nikkorott nikkorott Sep 12, 2014 4:57 PM Flag

    A crisis?

    "What's in a name? That which we call a rose by any other name would smell as sweet."

    http://finance.yahoo.com/news/heres-little-time-until-global-191349778.html

  • Reply to

    13 anneversity of 9/11

    by lakeed98 Sep 12, 2014 10:55 AM
    nikkorott nikkorott Sep 12, 2014 12:32 PM Flag

    "Do you think Al Gore could have prevented 9/11 if he became president instead of Bush?" There is no way to know the answer to that question. What you can bet on though is that if Gore were president in 2000 we wouldn't have been in Iraq a second time.

  • Reply to

    OT BS We are pumping carbon into the atmosphere

    by barbershores Sep 10, 2014 10:27 AM
    nikkorott nikkorott Sep 11, 2014 12:14 PM Flag

    "This will require united agreement and participation by all on our planet, not just the USA. Quite a feat. But the USA is relied upon to provide a leadership position and example." Yes!

    "Possibly, or it could also be a naturally recurring cycle of ozone depletion/replenishment. It will be difficult for science to prove whether the actions of the '70's had an effect one way or the other." Nope, this is one that can be proven on a bench test. Chemical changes can be observed when a contained amount of ozone is inject with other various gases like refrigerants and CFC's.

    "The ones we are calling Alarmists are the ones who refer to Global Warming as a CRISIS." So this whole arguement is over what the definition of a crisis is? Call me jaded but I suspect not. It looks to me as an excuse for inaction.

  • Reply to

    OT BS We are pumping carbon into the atmosphere

    by barbershores Sep 10, 2014 10:27 AM
    nikkorott nikkorott Sep 11, 2014 11:14 AM Flag

    Well thanks for that Barber.

    A) The required changes, that even you speak of, will end up being major. The thing that we have going for us is time duration. It will take generations to spin this back. The key to any journey is the first steps. However, if you take a peek on this board you'll find many people still don't believe that a change is taking place. Until there is near total buy in, even small steps will be resisted. Large steps will be impossible.

    B) A report out yesterday says that the ozone level has started to gain. This isn't do to any thing we did in the last 10 years. It's due to what we did in the 70's.

    C) I'm certain that you're sincere in what you believe. What you call an "Alarmist" is merely someone pointing out the problem. As the problem grows that same some one is going be louder to your alarm level. This is one those cases where I'm going to believe people who study this as their lifes work instead of some one on a message board.

  • Reply to

    OT BS We are pumping carbon into the atmosphere

    by barbershores Sep 10, 2014 10:27 AM
    nikkorott nikkorott Sep 10, 2014 4:52 PM Flag

    "It may be global warming but it isn't man's fault." Why? Is it because the sum of the human population treads so lightly across globe? Even still, if it isn't mans fault, it is in mans ability to reduce the impact.

  • Reply to

    fredrickson living the good life, lol !!!

    by jjwood123 Sep 9, 2014 10:18 PM
    nikkorott nikkorott Sep 10, 2014 4:34 PM Flag

    I think the company goes bust, the current shareholders are stiffed, FRO2012 picks up the pieces debt free and JF reopens the "new" company without even changing the stationery.

    In this case, I hope that I'm wrong.

  • Reply to

    OT BS We are pumping carbon into the atmosphere

    by barbershores Sep 10, 2014 10:27 AM
    nikkorott nikkorott Sep 10, 2014 3:42 PM Flag

    "The point is that the steps are neither "baby" nor a "solution". " The point is stop the momentum in the wrong direction.

    "Now there is an example of enviro smack-talk." No. After generations of the eco-system being able to counter emissions, we are no to the point where glaciers are disappering at a rapid (For glaciers) pace, polar caps melting and the tundra thawing, releasing methane pockets. The last is further adding to the problem.

    "It is a *fact* that the eco-system has been both much hotter and much colder than present. It has had less carbon, more carbon. It has had more ice, less ice. It's been lots of things over years, centuries and eons. All of the present #$%$ and moaning is over temp variances that are normal in earth history." Yes, but again not with the current slate of denizens. Earth, as a planet will be fine. It's all that live on it will have new, self imposed challenges.

    Here's some other food for thought for all of you conservatives. What if you're wrong?

  • Reply to

    OT BS We are pumping carbon into the atmosphere

    by barbershores Sep 10, 2014 10:27 AM
    nikkorott nikkorott Sep 10, 2014 11:21 AM Flag

    Hi Barber,

    Much like an alcoholic the first step is to face the fact that there is a problem. There is so much smack talk and denial on the subject that policy makers are doing their best to take baby steps to any solution. You are totally correct in that this is a problem that has been generations in the making. The solution is definitely going to take just as long, if not longer. Today, we are at a tipping point where the worlds eco system is stretched to where it can't clean up our mess without help. Much like a man who finds himself in a hole, the begining to the solution is at least slow down on the digging.

    Since this problem is global it will take a global solution to begin the repairs. Like or not, the US is a global leader and could very will lead by example. Denial and name calling doesn't move that forward.

    All of that said, I've read a propsal that some folks want to cloud seed with SO2 as a solution. For me that's far to extreme a move and I would fight tooth and nail to ensure that doesn't happen.

  • Reply to

    OT BS We are pumping carbon into the atmosphere

    by barbershores Sep 10, 2014 10:27 AM
    nikkorott nikkorott Sep 10, 2014 10:37 AM Flag

    The "que sera sera" defense? At least you're advancing from an ostrich defense.

    Yes, the issue is difficult, enormous and possibilty a lost cause. You and I and everybody on this board I suspect will be beyond the wost effects. Morally I don't believe that's a reason not to do anything.

  • Reply to

    Global warming trend

    by rogere1946 Sep 5, 2014 11:39 AM
    nikkorott nikkorott Sep 10, 2014 9:54 AM Flag

    There is no way that I'm going to say that population control is a solution for anything. What I will say is that population growth creates problems that require more management. Not just in energy usage either but in food, medicine and clean water.

  • Reply to

    Global warming trend

    by rogere1946 Sep 5, 2014 11:39 AM
    nikkorott nikkorott Sep 10, 2014 9:39 AM Flag

    "Extinctions are not caused solely by climate change." That's a pretty broad statement that is also completely unprovable.

    "All "global warming" studies are severely underpowered, are observational, and lack adequate controls. There are NO double blind controlled results in this field." Yes, this is a situation that is being observed and if you can find another populated planet I'm sure that we can set up a double blind control.

    Let me try a different route here. The worlds population is increasing. As that continues more fuel, even though per capita we are using it more efficiently, is being burned. This burning puts CO & CO2 into the atmosphere. The CO & CO2 displace lighter gases in our lower atmosphere due solely to a heavier molecular weight. As an educated person you should recognize this will have an effect. Call it what you want, global warming or climate change. Earth as a planet will be just fine. The concern is for all of the soft squishy bits on, or near, the surface.

FRO
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