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Think of the ITS Friday RNS suggesting RTO. 100% on the day followed by 500% on the following Monday once news was digested. Think we'll see similar if not greater here considering how far it's fallen! Looks like I timed my re-entry here well yesterday afternoon 😂
Back in December, the SP dropped 60% to sub 0.15p and the MMs took out 16m shares in one hit. It looked more like a stop loss raid than a distressed seller, so since then, I've had a feeling something was afoot. That's when I bought in and have been holding ever since.
Not often you get to buy below placing price so glad about that. 51m shares traded so far and first placing is 23m so will be sold off soon if not already.
Something I didn’t think I would say but has short term multibag written all over this now
Well that’s something I wasn’t expecting hello amigo
I reckon our secret £500, a tranche, buyer has cashed out. If so, he/she has likely made upwards of circa £30k with likely zero risk.
Methinks they "knew" today's RNS was coming a few months ago.
Amigo is back from the dead GLA
Be very careful. Any new company formed will probably dilute existing shareholders to something like 1% or less. I have seen it so many times before. Others will have too and can comment with more knowledge
I agree
I just bought 141,000 here at 0.37p
I do feel we see we Amigo fly past 1p now
Everyone's a winner :-)
Anyone who's invested £240k in this company now isn't doing that unless a turn around is already in the bag. This will go up and up now!
111% up so far. If you bought sub 0.15p this week, you're doing particularly well. I'm holding as this is just the start.
Takeover coming here, read between the lines…
#AMGO Billionaire James McColl OBE has been appointed as strategic consultant for Amigo Holdings Plc.
He’s a Scottish businessman who is the chairman and chief executive officer of Clyde Blowers.
Good morning to you, Twin Brother.
With luck we might get some of our money back!
ATB, FG
Morning Bro et all, well that's a turn up for the books. Surely theres got to be something there, everyone has had plenty of chance to consider future options, I doubt he's just turned up to have a look.
Gla
I think this paragraph is important:
'The additional capital raised by the Placing will be used to provide working capital to Amigo to pay primarily the costs of this transaction and fund some of the costs associated with exploring potential reverse takeover opportunities including consultancy costs. Based on the Company's current estimates of the transaction costs and other ongoing costs, the capital raised from the issue of the new Ordinary Shares is expected to extend the runway, until Amigo itself requires further funding, for up to a year.'
Saying that Amigo could be listed for another year. We were priced for delisting soon and now it looks like it will continue for the forseeable future.
Bond-Investments. I've absolutely no sense as to whether we will actually see the share price rise, but here's hoping!
ATB, FG
Morning FG. Nice to see they're trying to create some value for shareholders, finally. Jim McColl seems like a smart guy to have on the board. Let's see where this takes us.
GLA!
The RNS includes:
Amigo Holdings PLC ("Amigo") is pleased to announce that it has today engaged Jim McColl to act as a Board Consultant. In that role, Jim McColl will assist the Board in identifying potential strategic opportunities for Amigo to continue as a listed company by way of a reverse takeover. At this very early stage, there can be no certainty that a reverse takeover will take place and any such transaction will inter alia require shareholder approval and a new application for listing in accordance with Listing Rule 5.6. The Board expects that Jim McColl will be formally appointed a non-executive Director of Amigo, once the new issue of shares, described below, has been completed. Jim McColl brings nearly 30 years' experience of creating investor value by building businesses. Further background information on Jim McColl is set out below.
There might be life in the old dog yet!
Good luck for those that are still here. Our secret £500 buyer will likely have made circa £20k here!!!
GLA
Less than either of those prices a big fat zero
Agreed. It's crazy they can't male this firm work with all the scrutiny it's had now
Really annoying that Amigo have fallen to these levels when all over the news today is illegal money lenders charging crazy sums & violence. This industry needs regulated lenders like Amigo but the FCA & government have messed up big time forcing the less fortunate to back street loan sharks. I find it a sad state of affairs which could have been avoided.
Because there are still rampers out there who will buy them...
Whoever sold that 2057436 today bought on the 18th of March for 0.145p (last Monday) and made an £82 loss after selling at 0.141p. Funny how the bid remained at 0.15p though and yet on Friday, the ask moved from 0.20p to 0.25p but no buy came up. What's that about?
Strange. I just managed to reply to a post that no longer exists?!?
DD. Then why aren't the shares worth 0.00p?