The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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I agree on the JPM point.
Stevielad...You are right about the fear setting in, I am now not in a position to worry about the rises and falls of the daily price, all that matters is...is it a YES or NO.
As I said earlier "I have had balls of steal with this share", I have even bought a few more recently. If I'm am getting worried a lot of others will be too, I think i need to go and get drunk for 3 days and forget about it.
There's no way the likes of JPM will be investing if they thought there was significant risk. And the same goes for the directors who have the inside knowledge.
Although I suspect JPM et al are also privy to information that isn't out in the public. It's just the way the world works in that regard.
THIS IS NOT ADVICE:
Whenever I’m in something that I see as risky or where I feel overly exposed if I get the chance to take my initial investment off the table I do so! This is a lesson I’ve learnt the hard way ( Debenhams and MTFB ) I’ve also done it a couple of times here and it looks like it saved my arse on G3e. When G3e hit 100% profit ( in fact it was slightly more thanks to the speed it was moving ) I sold half and told others what I was doing who did the same, the court decision on that went against us but it was a different scenario to here and is now suspended awaiting liquidation …. But by derisking I kept my hand in but protected my capital.
Like I said not advice but if I get the chance here I will do the same.
Clintek if you are that worried then top slice your original investment and then you are playing with house money. I personally dont see any point top slicing as i invested what i was willing to lose.. im not looking at the money its technically worth right now. I am also 250% up (on paper).
Cheers stevielad66 same here got my daughter to invest similar amount last week.im confident we all get this over the line TEAM GJ imo put a herculean effort the last few months
Agreed Mark and I have had balls of steel with this bloody share.
The thing is (And I guess you know roughly what i have invest through history) The higher the price has become the more the risk is, it's actually easier to hold when you are down..Than when you are 250% up.
Xeilance, spoke to my son and he is investing 2k on Monday morning.
I wouldn't have told him about it unless I was 100% sure.
"
What happens if the vote is unsuccessful?
If the Scheme does not receive enough votes 'for', this means it is not approved by creditors. Amigo will enter insolvency. Any redress claims of Amigo borrowers and guarantors will be classed as unsecured creditor amounts in the insolvency. It is highly likely that in an insolvency, unsecured creditors will not receive any cash payment. Voting 'for' the Scheme will help prevent this from happening."
https://www.amigoscheme.co.uk/faqs
lets not get our hopes up for a plan b.. they state very clear Amigo will go into insolvency.
Jordan vote closed on the 10th and the creditors meeting is the 12th that is when we should get the RNS we want. The 19th will be the court signing off .. we hope!
Fear is starting to set in, the MM's will love that.
It's gonna be a shoein, don't panic.
If you can't afford to lose it all don't invest it!
Wife and I got my daughter to buy some going to buy a tent on thurs morning if no or a car for daughter if yes
Well …. Not exactly. At the time they was working on one set of assumptions they have been very careful to be ambiguous. Likely doubtful and possible are words that have been used a lot! Why would JPM and more specifically Bybrooks be lurking? The problem with that scenario is that you would need a definite and final figure and there would almost certainly be dilution involved for us all ….. but I think it’s a vanishingly small possibility. I wouldn’t be back in if I thought it was even close to that scenario but nothing is impossible until we are over the line.
That's true PB49, my wife the same tbf.
Cheers Mark, I was wondering on this. They have told all customers/investors/media if they don't a majority yes voten, then the company will go under.
Surely if they lose they can not then say "Well actually we have another idea" Wouldn't that actually be decieving everyone?
I can see it personally, why do so many people on here think the share price is going to do really well this week coming when the 19th is next week
I hope not - Gary's wife will be asking alot of questions lol
No it wouldn’t be instantly zero clintek it would be a huge hit that’s for sure massive in fact ( look at HUR ) I’m fairly certain that GJ and co have a plan b tho
I'm well invested here and many older posters will know me. so this is not me deramping.
What happens if the vote is "NO" and it could well be, just because we are invested and everyone is positive, it doesn't make it so. The vote last year was suppose to be the turn around and a 3/5 baggers, yet I ended up halfing my investment within days.
Is Amigo definitely finished or can they come up with another way out?
Will the share value be instantly valued at "ZERO"?