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In Gary we trust..... how can the judge go against a 95% democracy .... put so how many people out of work and deny all these customers the chance to make a claim ..... I’ve painted the picture folks ... champagne flying everything in garymansions about lunch time tomorrow.. this is more nailed on than Jesus ... ????????
That was because it finished at 4.30....
Everything is there in black and white... 95% in favour, all creditors happy, FOS happy, it should be a quick decision for the judge. Only hurdle in truth is the FCA rubbish, but that still should be thrown out purely n simply on the 11th hour notice by the FCA, judge should wrap there knuckles.... The other thing is they're gonna read through all these LSE BB posts to the court room to represent shareholder views....LOL can you imagine?
Evening folks i cant see the judge not passing this as nobody will gain anything, everyone will lose, the FCA will have shot themselves in the foot (400 people out of work) FOS has approved along with 95% of its creditors??
The case is scheduled for 6 hours, stating at 10:30
I believe we will see result just after lunch, judge will have been given the previous court proceedings, all relevant votes etc before the hearing, a couple hours spiel, off to deliberate at lunch, verdict after lunch for me. Ofcourse could be wrong but don't think thisbwill take a full day unless it's fca and amgo negotiating behind closed doors
Im just concerned that this new Judge might need time to get to speed with the previous deliberations where as had it been Judge Norris again, i would have been confident for early afternoon
I can’t see why this should take six hours tomorrow. So whenever it’s done. Being in the public domain anyway, enough will be waiting on the sidelines to make the most of it
For me after the bell closing, if last time is to go by
Good night fellow amigolians..what ever the outcome tomorrow good luck investors/employees and creditors/guarantors
Golf , when do you think well get the decision afternoon or after 4.30pm
Golf thanks for your view
Good Evening All, what affect will the JPM late RNS have on the SP tomorrow ? Was it deliberately held back?
Tomorrow is the last hurdle then we can look forward to amigo 2.0 and boy what a open goal we have.
pent up demand, Provident leaving the field for us meaning Amigo will be the number 1 sub prime lender in the UK.
With new products in the pipeline we will have the best opportunity to grow the business, we are going to have a monopoly on the subprime sector in the short term.
taking the day off tomorrow to read the feed on the this board and fingers crossed with the champagne on ice
Lets hope it goes well, good luck holders
I wish gary could just Tweet it's all sorted in code or something lol
Guys we know how this story ends.... the fca will try and flex there muscles .... Gary been on the blower all afternoon from his pad, he is gonna to get us over the line ..... #ingarywetrust
If there will be any takeover approach, it will come not from JPM but from the BB side. JPM is only holding shares for them per my understanding.
GG, I'm gonna call you Silver Back from now on lol
Company share is very undervalued and there is massive interest around it so any share issue will likely be not discounted, if ever happen. Literally any sign of survival will lift the price significantly from 24p level.
They can have it at 60p.
Gets the SP up ready for an equity raise.
So why have JPM committed to certain volumes for cash with AMGO directly? For me it dispels the JPM are holding for Bybrook theory.
You all know JPM are the Bybrook fund primary broker and custodian of the fund
I've been reading up on cash equity swaps, as I am a relative novice.
It looks like this is a mutually beneficial transaction. That JPM anticipate to benefit from cashing in on future SP rises and AMGO benefit now by having share price buoyed by the JPM purchases and this effectively gives investors and creditors a perceived value to the company.
I'll be an optimist, do we think the cash for equity swaps will in effect act as a share buy back and drive up the Share Price? Also JPM doing it in this way gives a structure rather than just dumping shares.
I am viewing this as positive and a clear partnership.
Thoughts?
That has been in all of there RNS releasss so nothing new