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I suspect you are right
They still need to soak up millions more shares to push the vote through in my opinion.
If should be one hell of a week.
Dom Bella etc
On the 13th Jan MCL only had 44% acceptances votes (down from 60% at the start of the process) and subsequently another fund later in January sold their 5% so that's now only 39% acceptance e
From 13th Jan 2023 RNS
in favour of the Resolutions in respect of a total of 59,873,988 Ordinary Shares, representing approximately 44.54 per cent. of the issued share capital of the Company.
With MCL only being valued at £950,000 it wouldn't take too much to gain a large portion and block the vote now that most Tr1 holders are out
You are so right ChickenLover!!!! ;)
Keep the faith Laura2022
Stranger things have happened, bluff, double bluff and this is going to the wire.
When you can sell several million shares over the ask at any point in the day, someone or something has a big F UC K O F F Hoover keen to suck up your shares.
There’s always someone with an Agenda!
GLA
Thanks
It keeps changing every few minutes ,does anyone known why
Someone on another board thinks an offer to take it private before the GM will happen next week at 2p....is that real /possible ?
You can at 0.67 Laura, just checked. 340k shares for 2,296
At 0 69p
I think this needs a overhaul of lending criteria/terms, as has been undertaken at Amigo (ie. Via the Reward Rate brand) that requires time, it requires liaising with the regulator, so on this basis MCL is a fair bit behind Amigo.
Is it in a better position than Amigo at this point. I would argue, no. Because it's not even in the same position and it's going private...
Why would you buy this company when complaints are huge and cost £14 million in last results. They have a negative balance sheet. Better to buy off the Administration when complaints liability disappears with previous owners.
Amigo have secured part funding and they need to raise much more and their claims liability is massive in relation to MCL
There is a real need in society for a company like this and it will continue for many more years to come.
At such a low market cap the local Pawn Shop owner could practically pick it up or a company like Ramsdens
A buyer before the SOA is agreed?.......today Amigo have announced they are still struggling to find funding......
I’m leaning toward this be the correct answer
May well swoop in at the 11th hour now all TR1 sellers are out
May well swoop in at the 11th hour now all TR1 sellers are out
You cannot say that this stock is a dead swan yet.
Looks like a value trap, if I ever saw one...
No wonder spreads 30%+, MM are preying on the greedy, who will end up with some contract notes for use as toilet paper.
That spread is ridiculous.
It is as if they don't want you to buy any shares. I wonder what they know? Otherwise you would think they would want to get rid of what they are holding.
make that 0.78 to buy and 0.712 to sell 2m
Real price is 0.62 to sell and 0.68 to buy, 3x 300k buys just gone through, one 216k sell.
If the spread stays at 33% unfortunately no one else will risk buying
I have also bought Terry
I think a final twist here before next week
Why ? Sounds like bull to me.
The fun starts very soon, patience is all you need. That rocket will be lit soon enough!