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Clintek, RNS this week hopefully.
Yes. I also see them having to target different customers in future people on benefit are struggling enough as it is let a “loan” been a burden on there families with Being a guarantor and also they will change there name from amigo.
Yes me too I will be buying if there is a right issue, they can pay off all customers with a valid claim and start moving forward.
Yuri the fca didn’t, they said they didn’t support the scheme but would not move against it yet reserved the right to.
A letter of non objection is a completely different ball game. If there was some kind of placing/issue I will be topping up If it is accompanied by the letter of non objection and the funding waiver is sorted.
Look back and read through the RNS Yuri, states in there they didn’t give a letter of non objection at all on the first SOA think that was back in Dec/Jan, maybe SOA 2.0 will have one, interesting busy COB Friday, onto the road to recovery Amigo GLA
Mark, there was sort of a letter of non-objection with reservation to change their mind later (and that's exactly what happened later)
Historically FCA hardly grants such things on a first place, it's not that kind of institution to provide such grants to market players. It's not in FCA nature - they won't take such responsibility of solid warranties.
It would be very naive to expect it from FCA on a first place.
Secondly - BoD already have provided their estimates on financial position/flow before all of this has happened and new SOA with more drastic measures is worsening situation for shareholders, with no working capital left in the beginning of 2024 and currently as it stands - no viable business model (due to regulatory impact on environment under amigo's previous target market) - it should be really a miracle if this BoD can come up with something highly profitable enough to back up such recovery. All these punts dreaming about getting close to 30 p (not even talking about above it) are absolutely not supported fundamentally (and there's no controlling and skilled shareholder strong enough to drive this process on a first place). All further sp volatility has become a pure gamble with incredibly high risk of losing capital and goes against investment principles - of course until new developments are coming through.
The big thing that was missing before was a “ letter of non objection “ from the fca. Now assuming that can be agreed ( and that is something that is very much within FCAs remit ) and bearing in mind we now know that creditors WILL vote for a scheme. If we see over the next few weeks that the funding performance waivers are to be extended AND we get the letter of non objection I reckon regardless of the details of the scheme this will zoom back to the 30 - 40p area in pretty short order! Now the details of the scheme will pretty much decide if it stays static at that point, rises on from that point or gives up some of the rise again …
Amigo has a future, it's just a waiting game to find out what the SOA is going to be, the money this company can make will be through the roof when the go ahead is given. I rather enjoyed the fun and games over the last 12 months tbf...This is just stagnant atm...BUT one day soon the news will come and the trades will flow again. Let the games begin again.
Well there is a rather large gap to be filled when (not if) the SOA is announced with FCA approval and that should happen at pace too!
I agree HH. They are be in talks with the FCA, so when the plan comes out, it will already be agreed by them. It just depends on what the FCA are asking for. I do believe we will see Amigo in the future and eventally our investment will grow. Not the quick buck I was expecting 12 months ago but I still think I will turn a profit and probably a large one (My opinion).
Surely we have to have some news soon.
Tonight?
Monday?
It seems to have taken a long time to come to a decision on if they're going forward or packing it all in.
The longer it goes the more likely Amigo will continue and coming up with a plan.
Lets have an update Amigo.