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A hole trades. If you met some of the people you abuse on here in real life I doubt you would last the night.
I see you are a pumper on NFX, along with your sister and girlfriend. That is 2 of you on the NFX board then. One is you, and the other is your sister and girlfriend. People like you are an advert for celibacy.
Im removing my buy order!! even if it drops its becoming more and more suspect!! Barrdan the RNS has just given the answer to your question you keep asking me!!....This share has been a nightmare for holders for years every time we seem to get to closure something else rears its ugly head!! This RNS just proves more troubles ahead and will effect the SP short term but long term is there now a future?? is this price such a bargain with the FCA not letting go??..What sort of company (if it survives) will it be? For me now if it drops i might day trade it for a few quid but do not think a LTH is for me!! when this has a real chance of going bust!!
Another nail in the coffin amigo’s . Stevie on the 25th may you said this company was curtains and would be forced into administration. However you now ,even after that poor rns state you are you going to top up on the drop. You are a mad man. HH I must congratulate you for taking the majority of your peanuts off the table. Bet you wish you sold the lot at the highs though. Atleast tomorrow won’t be too painful for you. Perhaps I’m turning into Stevie, you should have your own Twitter group being no 10 pumper. Can I join ;-) no need to get so personal , your a winner here clearly. Either that or you are full of s..t. Which is it.
I suspect Amigo wanted some sort of agreement from the FCA on the scheme and on relending before releasing the financials, which is why they delayed it the first time, FCA have now got back to them but not given them what they need -I assume the point was made that the sooner relending starts the more cash the company will have for the scheme, but clearly the FCA want the Scheme agreed first before relending can start - and when they mention things like ensuring the company is financed well enough to relend, it sort of contradicts the FCA desire for more money to be put in the scheme.
There has to be a way for Amigo to get more money and othe than a Debt for Equity swap generating revenue and fees from relending appears to be the best way.
Breaching bondholder rules will only cost Amigo more and make them less likely to secure additional finance so it appears to be a message to the FCA saying they have 25 days to agree something with Amigo.
Problem is these sorts of tactics have proven time and time again not to work with the FCA.
Overall todays news should not move the SP in either direction particularly - but the MM's might try and drop it and catch some stop losses.
To me the risk has not increased or decreased because of this.
Not sure Clintek. They may have been going back and forth trying to discuss or they may have taken time analysing the impact. Essentially it is just an effect on the forward looking statements - perhaps as the FCA won't consider the lending restart until this resolved then technically less profits and if no more lending long term then the business is shagged obviously. Maybe the plan for Amigo (which makes sense) is to try and try up starting re lending with a raise, with some extra SOA funds maybe. The FCA may want the SOA funding resolved without it being tied to any commitment on relending. In the real world (the FCA don't live there) that is nuts. Why do a big issue now when the sp is on the floor when you could raise most of it much more effectively when the sp has recovered a bit. Doing that would be the very definition of destroying shareholder value, which the FCA want, but creditors would get less as well. It is stupid and pointless if that is what they want. No-one benefits in any way except perhaps the FCA because they look well hard lol.
HH, just wondering why the board couldn't of told us this information before the last minute of the 28th. Seems very underhand to me, Many more invested today thinking the results and some info would be out tomorrow. They knew this was not to be the case well b4 6pm on the 28th. Why wouldn't they give this info out? any ideas?
FFs, More waiting, how long can this take. I have never seen a company add so many hurdles. Expect another drop tomorrow. Too tired to top up any more, Amigo will be in limbo longer than I will be alive at this rate.
Agree stevielad. No detail at all on the specifics of an SOA other than the Committee Announcement and that in the absence of a new SOA it will be insolvency. They can't even really say that their favoured option is a new SOA as otherwise they are pre-judging the Committee findings and making it a waste of time and worse than useless. They will lay it on thick tomorrow, warts and all, as they have to 'educate' the regulators, who are supposed to already be educated, that just because there is money in a bank account doesn't mean it isn't already earmarked for something - i.e. secured creditors.
You're a bad un HH lol. TBH I'm not expecting a lot tomorrow. The financial results won't look good and I can't see Amigo announcing anything about SOA2 apart from the formation of the customer committee. Maybe when they have analysed and assessed the findings we will then get some positive news about SOA2 but that won't be until September. I hope I am wrong. Please be aware I am not ramping or deramping, or encouraging anyone to buy or sell shares. I am just sharing my thoughts, which is what this bb is here for.