Member Info for Bedonebyasyoudid

I am camping this weekend and currently sitting outside my tent about a mile away from ODX offices. Sun shining on them. A sign of the weeks ahead hopefully.

I was already a holder but have further increased today and have done earlier this week. I was increasing up to 160 and still saw that as mighty cheap given recent updates. Don't think anyone need get hung up on placing at 130. We are close enough to that to make no difference in relation to what is anticipated going forward so I think anyone considering entering or increasing should just crack on. There will be a short term upside and an even greater long term one at these levels so whatever floats your boat.

Agreed Squiffy. Been invested since this time last year at 160.00 and despite SP flat lining for a bit, now appears to be holding steady rises. I use this and Aviva to pop in profits from my trading shares and for the time being see it as a 'safe' place with a little bit of dividend to help on its way and hopefully stay upward to 330 - 350 mark. Certainly worse places to be.

Correct. The Judge thinks the best deal has not been offered but pretty much saying he will expect/approve an improvement. The FCA won't define that offer so let's discount them. If the board has an improved position, and surely they do, then there is still hope. I just hope that when it is presented, it is supported with more robust justification of figures than were offered in court.

If the board went into this without alternatives up their sleeves then we are as well to go bust now as I wouldn't have much hope for the future with a board incapable of having a plan B in place. The Judge and FCA know they should too hence the verdict in my opinion.
I have followed the standard advice of not investing more than I can afford to lose. Wouldn't like to lose it but it has been a high risk/reward option for me from when I first bought in a year ago and remains the same today. Go in with your eyes open you can have no complaints.

Did Fatbloke hang around? Never did like the stress so maybe now posting as Thinbloke.

Remember, this is Amigo, it jumps around more than a kangaroo on speed. Doesn't take much of a shift to get people buying and am sure a lot of last week's panic sellers will be jumping back in.

Let's hope the Judge has made his decision, not that he would be monitoring the share price anyway., but the notion that the post-suspension share price would reflect the true value/interest in a possibly insolvent company is quickly going out the window.

Insider, I fully appreciate that and support legitimate claims and see the value of Amigo to those who genuinely need the service. Part of the reason I am invested. I have a problem with those not recognising the good of Amigo and defaulting to the position that all deserve compensation from the 'evil' that is Amigo. Simply not the case.

Why anyone would want to turn up on this board and try to justify payments to freeloaders who took out loans, with little or no intention of repaying them and then expect to be compensated for their trouble is beyond me, when it is at the expense of honest investors. A nice bottle of red wine could get me on my high horse but are they really worth it? No. Clueless.

The abused poor, or illiterate morons as the FCA appear to consider them, will not even get 10% in your scenario. Maybe there is some justice in that.

The FCA mission statement includes the following:
Trust between users and providers of services is necessary for a market to function well. We define trust as a set of beliefs about the honesty and validity of ongoing commitments, which reinforce the belief that future actions will be predictable
and reliable. Our aim is to create a framework that allows fair, open and competitive markets to develop, in which firms’ actions create well justified trust in their products and services.

Where their u-turn in their opposition to the SOA falls within this is a mystery to me, and their blatant distortion of fact during the hearing does not fit with their mission of fairness, openness and honesty.

I have a degree, have had a good career with an extremely good salary, and have chosen to invest some of my money in Amigo, amongst others. I have followed society's rules and, while some may consider me lucky, I consider that all I have achieved and own is gained through honest, hard work and perseverance. Many who have had to rely on Amigo for a loan are less fortunate, and have had genuine need to use that service, and may well be entitled to some compensation so I have no issue with that. There are many though who have acted irresponsibly and deliberately towards personal gain through the failings in the system, which most would agree did exist.

I can see no justification for the court to decide that honest investors, employees and legitimate claimants should suffer loss as the result of the FCA stance. Their role is to ensure trust and honesty in the relationship between all stakeholders, and the events of the past couple of weeks have shown them to be failing miserably in that role.

I think most could foresee some negotiation to get the SOA over the line, and the judge appeared to be exploring options to get to a position of compromise, but the FCA are failing if they can't contribute to finding a solution. Will be extremely disappointing if the outcome of this is insolvency as will be a failing on the part of the parties put there to ensure fairness as it disregards the small person they are there to protect, the employees and legitimate customers.

Did neither. Just sitting and waiting (nervously). The morning drop was predictable, although I thought it would go deeper, but the rest of the day has been a bit tame all things considered.
A long weekend ahead, and I think even longer, as I can't see a decision for Monday. Unopened bottle of Jack Daniels to see me through. Have a good weekend everyone and good luck when it comes.

A parting gesture to let the faithful out with something rather than nothing? Was the last thing I expected but it is true Amigo. If you don't expect it, it will happen

I think we would all rather have a chance to move forward and if that's the only way then so be it. FCA performance doesn't gain them my respect but they did manage to pick holes in our argument which is disappointing as I thought it was more robust than that. There is always a compromise though and still positive of finding it.

Holding. Been holding for a year and not giving up now. Not about the money for me. A bad thing, but have come too engrossed in the story and want to see it through to a conclusion. Tested my knowledge and nerve along the way so just a personal test for me now to see if I have made the right decision. Could be costly, but I am more confident at this point than at any time over the past year.

The hit and hope brigade will leave in their droves in the next couple of days. Neither the foresight nor the bottle to see this through. In the unlikely event they have made profit, happy to see them move on. Certainly some naive stuff on this board over the past couple of weeks.

I made the mistake of not selling at 20p last time we got here. This time it would be a bigger mistake to sell.

Likewise. I bought in August last year and took out my original investment when I hit 100% up. Left my profit in to grow a bit more to 115-120 mark minimum but with no intention of adding more. With a drop back like today's, I have added more as confident a climb back will come in the next few weeks. No panic needed here.

Yep, after months of watching paint dry, makes it all worthwhile to see days like this. Well done to the patient. Pineapple, we salute you.