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This situation reminds me too much of the Debenhams scenario, where the Directors pushed the business in to the arms of their lenders, knowing their time was up.
I have a feeling the BOD here are capable of doing something similar to prevent JB getting in and save their own skins.
It's a shameful situation, because if JB really wanted access to the business he could take a stake anytime, or even table a takeover bid.
I really hope for the best, for those invested, but I learnt a big mistake from Debenhams and have decided to trust my gut instinct on this occasion and sell up.
GLA
Yes agree. This was going to 20p once JB had stopped selling. I never believed it was going to happen and now I worry this is the next INTU. They either think they’ve won the vote or they are preparing an RNS next week giving us a progress update.
Personally I’m in at 15p so will have to ride it out but it’s fair to say I’m worried.
ROO - This isn't INTU - This business IS needed during covid and redundancies and a lack of cash swilling around make this a positive - INTU have a load of shops no one goes to so no rents paid. TOTALLY different business model!!!!!!!!!!
what were the profit/losses in the last few months/years for debenhams and intu in the run up to their administrations?
were they in the same situation as amigo?
Rich - I've got that as a sell : (
Joey, I’m not sure the comparison can be made due to differing business models. You said you were a holder, so what fundamentals have changed (other than a drifting price) to make you change your mind?
A sell....really ?
Well thank feck Bale signed for Spurs.....at least something to be happy about
It’s Thiago you need to watch out for! Initial 20m is a steal! A bit like this stock at this price!
Rich.....
that's 4 millions definitely a sell and sell in the lowest price, nothing to worry but if next monday share prices above this 10.66 that's definitely a good buy IMO
Maverick12 --- let's hope that deal gets completed. Not officially announced yet i don't think ? COYS !
Never mind Spurs : )
LEEDS ARE BACK!!!!!!!!!! MOT ALAW!!!!!
: )
Richmond that was definately an Uncrossing Trade.
18-Sep-20 16:35:13 10.66 4,022,659 Buy* 10.82 11.10 428.82k
So the real question is: why would someone go to all the trouble of selling 4 MILLION shares via direct market access to sell shares at a much lower price than they could have got from a market maker at any point in the day?
Answer: To provide a false signalto drive the share price down for Monday Morning.
Please google auctions, uncrossing trades and evidence of manipulation.
THIS IS BLATENT CRIMINAL ACTIVITY
Is it just me or does any one else here feel like getting solicitors and the FCA involved ?
Pension Investor,
I fully understand what you wrote.
And agree.
That said, you also wrote:
Does anyone know a Solicitor, or how to contact the FCA?
There is a website and tele no.
Why not take advice from your QC family connection, they may give free advice through their friends.
Manipulation exists to attract others to sell to accumulate shares. This rogue practice is well known.
Let me know if you have success.
I have voiced my suspicion that there could be manipulation going on only yesterday or the day before. I have this strange feeling that the current BoD might want to sink Amigo.
Evening MouseKWitz,
Sp is being kept down intentionally this week. Large Block trades and auction action give away clues.
Kept subdued. That’s ok .
(BOD’s have their city friends as JB mentioned via tweet)
The gamble they take is
A) Do impatient Investors sell out?
B) Do more Investors Vote Against BOD?
2 other explanations as mentioned earlier today, could incl:
- The Largest % holders will not have voted.
- Or - The vote is conclusive and MM’s are trying to accumulate as many shares per day as possible, as they will struggle like we saw a few weeks ago.
The company has enough liquidity, funding and cash. £200m Facility extension approved a month ago.
FCA backed lending to key workers.
JB wanting back in - In 9 days. With an order to buy 29%.
A lot of action....
Battle of Loans - Finale
This is so dumb, why would someone be doing blatant criminal activity that everyone can see, when they will clearly be criminally charged. You’re just sad you invested in a dud
Also I’m joking about the dud, I still think we will have 40p before close of year.
Yeah glen with his holding is trying to sink the business. Twat.
The more it slides the better. More PI s bottle i. Money goes to the deeper pockets. Off we go.
Yep because Glen with his 50m really cares about a 2m investment in amigo ??????
Figtreegary.
The advice from the QC is persistence.
Action through the Royal Courts require substantial documentary evidence.
This can take months and or years and the more complaints with FCA The greater the documentary evidence bundle.
As I am sure you are aware my learned friend.
When the regulator fails in its duty the government MUST step in.
Thanks, Figgy. That is good news for me. Keep it low, even drop further, then I can top up in about a week :)
Jimbob11 ---- from my experience, people with money, real money, care about it a lot more than those without money. Also, those with real money are prepared to invest or use large amounts of money to make even more money because they can. People with money, with real money, will play games with money, they may be prepared to lose some to gain lots but trust me, they care about money more than most, which is partly why they have more than most ! Just my opionion.
I can assure you glen s personal wealth is not 50m. He cannot vest amigo shares from float until 2021. DYOR
Pension investor I’m with you someone’s manipulating the market, it would make sense for jb to not only get himself a better price but scare investors desperate for a price rise in to voting for him.