Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
If amigo have 1000 claims as indicated by the FCA even if they paid them all back on
The basis of refund at the maximum £10,000 per individual loan you would still
Only repay £10,000,000 not the £116,000,000 provision taken
Ummmmmmm ........
If those maths were correct ish
The market cap would jump because amigo have over 100 million to pay any
Complaints if indeed 20 million was paid out in claims the PPS increase would triple
The market cap and consequently the share price
Still holding a very significant number of shares here. My take is that an economic Covid 19 micro economy exists for amigo
My hope is still re lending re start is quite
Imminent .... complaints do cost , however
If all phone loan applications were recorded they surely are easily dismissed
As lying chancres as it’s all recorded
Once a positive update on the compo chancers and the start of re lending
Up we go
GLA
AMG
JB makes very interesting tweets tonight
My take away is this
One of the FCA principles is treating customers fairly -every one the same
It could perhaps be if necessary legally argued the fca need to treat the lenders
Fairly also.
If your in the business of borrowing money if all due diligence is taken then everyone is by definition treated fairly.
The fca needs to consider this and bigger ramicarions from providers of credit cards overdrafts bank facilities and credit lines
All forms of debt but also fine if your searches and procedures are watertight
And evidencable
If you comply with the regulator you need to fear nothing........
A blue day coming ....,.
The fca and fos are duty bound to Be fair and transparent
That's there independent purpose.....
Lots of director resignations now showing up on director information
Looks like the old guard are now dishonourably discharged for there **** poor running of the company
Official now the new team is in the A team JB and GC taking charge of the A team Van lol
I'm sure there an RNS brewing to confirm this all good
GLA