Member Info for BIGBangs

Only if they are party to the negotiations which might no mean all major shareholders but would include all the Directors ie insiders. As has been pointed out the fact that no directors have purchased shares as they normally would have by now is definitely significant and in my option means something is afoot we just do not know what - yet.

I’m with your son on this Joe although I think the DoJ knew what they where doing all along and just expected INDV to throw in the towel and hand over loads of cash - won’t be happening - we will win - Chairman’s letter on INDV site most positive statement of intent I have ever read. Hold hard.

If the Grand Jury was misled then everything that followed it is inadmissible - bad fruit.

Hi meetup this is quite a significant confirmation of our position but as Dank points out we need to be clear if this is a direct quote of the judges comments or an interpretation of the report. If this is a direct quote then it certainly moves us forward and although possibly not the final nail in the DOJ case it might be the hammer.

Hi Pim please find another way to post your link.

Just the expectation of another set of good results, when news breaks on the court case this will leap by 3/400% in a single day/hour.

There will not be any dividend to pull - the company will be bought out or taken private within the next few months. There is no ongoing FCA investigation and therefore there will not be a fine - stop scaremongering and watch what happens next.

Thanks guys it certainly makes sense to me. I hope the BoD, who I incidentally rate very highly for the way they have managed the business through this crisis, consider this as an option. I will make it even easier for them and suggest that they use the profits we generate on a quarterly basis to buyback the shares, thereby retaining £1 billion of cash within the company.

I wonder if the BoD are considering using some of the cash pile that has been generated over the last couple of years without dividend payments to undertake some share buybacks. If like me you struggle to come to terms with the low SP here whilst at the same time struggling to perceive a better investment opportunity on the market would it not make sense for the company to undertake a share buyback. This would show continued confidence of the BoD that we will achieve a satisfactory outcome, lift the SP and in my view at least be a better use for the cash that will currently be help on deposit earning a desultory amount of interest. Just a thought.

Thanks Joe, I believe we are all in the same boat.

Dank, we are very lucky to have such a well researched and intelligent number of posters on this board, my holdings are significant at about 500k shares but I seem to remember that you had well over 1m so I always pay particular attention when you post. I am going to assume you have not decreased your position, I think we agree that until the DOJ situation is sorted we will not see the SP we deserve but I would be extremely interested in you comments.

The results will be out on February 13th - I believe they will be strong with a yet further increasing cash position. The share is 67% down on the year and the FTSE is 11% up, many/most of us joined the party after the big drops but still most of us are showing a loss on our investment. The generic products have not had the impact on our sales that was feared and our case against the DOJ is robust - RB have settled their case covering most of the unfortunate period so our exposure, if any, is drastically limited. We have great products that helps fight the opioid addiction crisis but have been caught up in the overall turmoil. Our company appears to be well run and profitable but because of the court action our SP has been decimated but the company itself is strong. Our cash balance alone is 3x + our market cap and I believe the worst result with be a reasonable negotiated no fault settlement well within the provision we have already made. I still have a significant holding and intend to keep the additional shares I bought to trade. I look forward to the results and have no intention of selling my holding before resolution which I maintain will see a massive and deserved rerate of the SP. Hold hard.

Looks promising. Still the best small cap gold opportunity in the market.

8.3 shows that MIC have added a further 200000 shares, they know a good thing when they see it.

Hi Mac, I am happy that the rates were not reduced, it must help the sector. The Fish for Finance scenario is, in my opinion a bit of a political red herring - I am reliably informed that less people work in the fishing industry than work at Harrods so if a deal for Finance access is on the table with the potential loss of our fishing waters I would be inclined to grab it with both hands - perhaps they could do something about the size of the nets though to protect the smaller fish.

I’m still very positive here although the rebound has been quicker than I expected. The deadline for expressions of interest is the 17th so we do not have long to wait - I am also surprisingly confident that JB or TRG will, although it will still be a great deal for them, be reasonable and their offer will exceed £1 - if other interested parties do come forward allowing JB to exit then £2 is certainly on the cards. ATB

Hi Thor, I just realised that you might be asking ‘could TRG sell their holding independently and leave the rest of us at the mercy of the new buyer?’ The answer would be no - if any purchaser acquires more that 30% of the stock they are required to make a full offer for all of the stock at the highest price they have paid for the shares - not going to happen.

Hi Thor from memory for TRG to take us private they need 90% of the vote, to sell to a 3rd party with Director support (which they will get) requires 50% or a hostile takeover over is 75%. I do not believe there is or will be a fire sale, there are numerous regulations to protect us minority shareholders otherwise we would get shafted every day. The regs do not stop the BoD perhaps exaggerating the issues and minimising the opportunities (within reason) to effectively push the price down ready for them to swoop with an offer that suddenly seems good that otherwise might have appeared weak ie £1 by TRG. But if another interested party does show up and I believe they very well might then they will be ready to pay ‘full’ value to entice TRG - £2 ish. I am fairly sure that there are games afoot but compared to today’s 55p we should do ok or of course I could be totally wrong but I added 100k shares yesterday and will add more on any dips. ATB

Interesting snippet from the 8.3 notification - on 10th Jan MIC advised the market that they had increased their holding to 5.16% but within the 8.3 notification today they advise us of a holding of 5.77%. We would not normally find out until they crossed a % threshold but they evidentially remain very confident having taken up nearly a further 3 million shares - good to know.

I agree that the dividend reinvestment will have helped today but not enough to have given us a 10% lift so hold hard.

#metoo

I think you are flying under a false flag aw - if you do not have a position here (short or long) I am not really interested in your comments. I suggested early on that TRG could be manipulating the SP with a view to taking private - I still think they are but others may come forward to express an interest in this highly profitable business which would help but in any event and dispute hints to the contrary, intended to hold the SP down, I remain confident that AMGO will not be sold off piecemeal at a loss but will achieve north of £1. Others are free to look at your musings on ADVFN and can decide for themselves what they think of you and indeed on whether to invest here or not.