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Absolutely. If JB didn't want to give up on Amigo now, first thing he would do is have his lawyers nullify the ipo agreement. He wont buy any shares until he has clarity on this. He was prepared to purchase 29% pre vote, to an extent, he's likely to still be prepared to purchase 29% worth even if he's not CEO + with RL gone.
JBs next tweet is going to be interesting.
I also agree. I bought in just before the JB sells started. I had some 'spare' funds sitting in my trading account and couldn't find anywhere I wanted to put it. My investments are less volatile and longer term options and I only day trade to gain funds to put in them. Was bored during lockdown to decided to pick a risky option for fun and come back to it in 6 months to a year and see what it had done. Just went through the alphabet and AMGO was one of the first high risk ones I came upon. Not a good strategy, and very little research done.
I have since been hooked on the events as it is difficult to ignore and voted for JB as I wanted that roller coaster to go on as it suited the risky investment I had wanted this to be.
Given all that we have been through, I can not see this being the end of that tale and feel sure JB must have a backup plan but can not decide what that will be. It will be extremely disappointing if he doesn't and despite his obvious passion and belief in his baby, the amateur Twitter capers and errors he made in the run up to the vote suggest to me that he will have further shockers from left field to throw at this yet.
I am a holder whatever happens.
I totally agree. Someone who wants something bad should have a back up plan. Otherwise why enter the battle in the first place? I suspect he will be now looking at that option. He has time on his hands, as do we PI,s..
Interesting that JBs tweet yesterday talks of him and Glen running AMGO. It's fairly obvious they were in it together all along, ie GC resigning when he did was clearly part of their strategy.
RL will be gone in weeks, maybe even days now (I wonder if Nayan quickly follows him). Does this open the door to JB and GC coming back to the board in some capacity?
I don't think we've heard the last of JB and GC. I think there's another twist to come.
Lacklustre volume, yeseterday was 83m
New pattern to the buying today,
Lots of small trades means mm’s communicating
Orders being filled perhaps??
The dusty rug is getting beaten ready for the spring clean! Another corny phrase!
The tight spread usually means plenty of liquidity together with stability....... so your right it’s not making much sense especially seeing as a few have said it’s been nt a lot today. I’m away from home so haven’t got L2 ... anything being worked thru?
No articles in telegraph and FT?
Just a bit of churning HDog. Some hardened JB supporters will understandably be disappointed and getting out. Some undecided. Others like myself and yourself getting in now the dust has begun to settle.
The rns does state about the less than 80% vote for two directors the following was interesting so I expect some movement
In relation to resolution 3, Roger Lovering has already indicated that he intends to step down from the Board once Jonathan Roe has received regulatory approval to take up the role of Chair of the Board and after an appropriate hand-over period. An update will be provided in due course once the FCA approval process has concluded.
In relation to resolution 7, Nayan Kisnadwala, our CFO, has a detailed understanding of the Company and offered steady leadership to the Company despite turbulence at the board Level, especially in solving legacy issues in a tough external environment. However, we will consult and engage with the Company's largest shareholders and institutional investors to understand and discuss their priorities.
I cannot fathom why the share price is down again today. After yesterday's news the sp should have moved up 50% minimum. The fact complaints being upheld are 'materially below' the industry's 85% should have been enough to send this rocketing. On top of that we had news of debt being paid down to the tune of £29m, news that VReq is on schedule to be complete on time, PLUS we have been given clarity/stability on the BoD.
Where is the justification in the value of the company going down these past two days?
Imo, its only a matter of time before this significantly moves north.