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Well said Amigo would be **significantly diluted**. Admitted there would deliver some small value to shareholders including Bod. Very good news indeed and can't wait to see open market sp between 4p - 10p. If not definitely will not less than 0.4p imo
BitterlyDisappointed, why are you still here?
Nobody cares what you have to say!
You're not invested, you bottled it!
Nob off!
I’m a basher of Amigo and proud of it-the FCA agreed with me and the rest is history.Pay day lending was well trailed as dying a long while ago-and the ambulance chasers killed it off.
As for going forwards, I wish you well.music streaming May work but the deal you will be offered will torch the existing equity-the RNS says so.The RTO is simply a way to get to the main market quickly and there may be some tax losses to play with in the structure.
Good luck
" existing shareholders in Amigo would be significantly diluted."
LTH's are already significantly diluted, further dilution from the SP here pretty much wipes everyone out. it's ok Floyd, this is going to do 50x remember ;)
Well as a member of ASAG I certainly haven't had any news for a long time.
Be great tonhave an update Mo! Even if it's to say no further work can be done
Sorry to ask but what about Mr Flemings ?Is he not in this game anymore?
Ppopp. I feel much happier having done that research. The services being provided have the potential to be massive.
1. Music streaming service: http://www.onebas.com/
2. Film streaming service TV Zinos: http://www.tvzinos.com/
3. Worldwide digital magazine platform: http://www.magazinos.com/
4. Payments provider: Payzino.
The enlarged entity will essentially be a tech platform serving multiple billion dollar industries.
I will continue digging.
Some good work there. Thanks
17 October 2023
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION (EU) 596/2014 AS IT FORMS PART OF DOMESTIC LAW IN THE UNITED KINGDOM BY VIRTUE OF THE EU (WITHDRAWAL) ACT 2018.
Craven House Capital plc
("Craven House" or the "Company")
Investee Companies' Update: Garimon and Honeydog
Craven House Capital plc ("Craven House" or the "Company"), the AIM quoted investment company notes the announcement released today by Amigo Holdings PLC ("Amigo") in relation to its investee companies Garimon Limited ("Garimon"), and Honeydog Ltd ("Honeydog").
Craven House owns 29.9% of Garimon, and 29.9% of Honeydog.
As per the announcement below, Amigo proposes to acquire the assets of Garimon, and Honeydog via a reverse takeover resulting in the enlarged group being listed on the Main Market of the London Stock Exchange.
The Board of Craven House reminds shareholders that "at this very early stage there can be no certainty that the Proposed Transactions will take place and it remains subject to, amongst other things, formal terms being agreed and completion of due diligence and receipt of regulatory approvals."
https://otp.investis.com/clients/uk/craven_house_capitalplc/rns/regulatory-story.aspx?cid=1571&newsid=1726183
Further details can be found in the last set of financial statements year ended 31 May 2022:
http://www.cravenhousecapital.com/images/docs/2022.pdf
Also, Portfolio Update on 03 March 2023, which show massive valuations.
https://otp.investis.com/clients/uk/craven_house_capitalplc/rns/regulatory-story.aspx?cid=1571&newsid=1672503
Domains:
Music streaming service: http://www.onebas.com/
Film streaming service TV Zinos: http://www.tvzinos.com/
Worldwide digital magazine platform: http://www.magazinos.com/
Payments provider: There's limited information on Payzino but I suspect the FCA licence would be required for this service, which is probably the reason for the interest in Amigo.
At least the media is now recognising that shares have plummeted 99% since the start of 2020. Not that it makes any difference now.
https://www.ft.com/content/fc3c0302-0cfc-4f1e-97e3-fe29962eb1e4
https://www.proactiveinvestors.co.uk/companies/news/1030007/amigo-holdings-in-talks-on-moving-into-music-and-film-streaming-1030007.html
https://www.business-live.co.uk/professional-services/amigo-exploring-transactions-generate-value-27923059
https://www.morningstar.co.uk/uk/news/AN_1697548978059978700/amigo-shares-halted-amid-rescue-deal-talks-with-craven-house-capital.aspx
Here here
I don't know why some bother posting here when they don't have any financial interest. They must be living very sad lives to have the time to post negative comments on a company bulletin board and argue with random people.
The chaps who were moaning about "Amigo taking advantage of vulnerable people" have now found new excuses to bash the company because of the change of industry.
I see yesterdays news as positive. Shareholders will retain an equity stake, which will provide a decent upside medium-term in my opinion. The important thing is that the company won't go bust leaving shareholders with nothing.
There are a lot of numbers being banded around like a further 90% dilution, which are ridiculous and have zero merit. No one knows anything and its important to remember that shareholders will have to vote through any deal at an EGM. These new entities will have access to 8000 share holders, they'll have a listing, access to funders and an FCA licence, which will be invaluable for them, and it would be stupid to jeopardise this.
There's clearly a plan and the third parties would've been working on this for some time. You don't wake up one day and think it's a good idea to list, it takes years for companies to get in this position.
I think this deal will surprise a few when details get finalised and announced to the market. The bashers will probably have disappeared by then.
I mean, we are the actual owners of the company!
Thanks for posting that link.
Very informative
I'm still struggling to see why we as existing shareholders have to be massively diluted?
Shouldn't this be a resoundingly good thing for us?
We've suffered so much already, why do we have to be shafted even more hahaha oh dear
Catocrogh - The Rolling Stones
starts me up
AMIGO - AM I GO , AM I GO < AM I GO
UP UP UP , nice songs and nice tunes
Seems he so proud to having AMIGO in his Instagram
WE JUST SIGNED AMIGO
Happy days for all
HA HA HA
Amigo has an organisation lending money is almost totally finished but other business areas who knows!?
It’s a straightforward RTO with cash used to dilute current equity to next to nothing-will end up on the main market
Ok two thoughts as I just noticed Troajan with 97,999 posts, wow, better make the next one count! Well done?
Ok so hopefully we get a positive rns with deal done, we may be diluted but AMIGO SURVIVES....close your eyes and imagine the expression on poor old bitter Flyhighs face! Priceless, cheered me up!
Good night.
Nope, I just dont get it. I understand our bod grabbing any cash on offer for their salaries but it's not to start up our business but a new business we have no experience of. Or is it part of a master plan? Presumably the other side are bringing their own experience as they can't want ours or need a loan! So what's in it for them? Can't just be listing on AIM?
Hightower what's your take on it? 😉
To clarify, is the intention that the £5M comes from Craven House, so no RI, but we gain some start up businesses in return for dilution?
Yes-I tend to agree.May get a bounce from the new business but long haul
Who says he's leading? He's going to 'help'. That's a far cry from leading.
@ppopp - the RNS says significant. That's not going to be 10%, they're telling you already.
With wording like that I think at least half is gone but I'm expecting 80 to 95.
Just from my own past experience-won’t be pretty but enough to encourage signing the paperwork