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Guys, just relax...AMIGO is not going into administration, as a few mention, the FCA through a curveball and it's trying to show that they have teeth.
If we really analyse the situation, I don't have any problem with the FCA and the judge, STOPPING the DIRECTORS in given themselves some very large bonus, after the company turnaround.
Some of the directors have been employed by the FCA, for years, they know the game as well the lawyers, don't fool yourselves.
In the end it's all about the law and London is the largest financial and judicial centre in Europe...it's here that most of the companies go to court to solve their judicial issues...AMIGO, is like a drop of water in the ocean and no judge going to be swayed by the FCA or any other government entities, being from the UK, France, Spain any other country in Europe and the world.
I'm quite familiar with several cases(Banks against governments), that were brought in o the UK courts, because of jurisdiction, guess what, the governments lost all the cases.
Take a deep breath, go for a walk, and in the worse case, a week we will be back trading and have some extra cash.
GOOD LUCK EVERYONE.
The intention of sending a judge an email, shows NOT only how STUPID this peps are and the Judge can "can them" for interfering with the legal system, attempt to sway a judge... you name it.
Again, let me tell you guys...all the judges have plenty of clerks(New Lawyers out of school)... their job is to research the cases and let the judge know what's happenning... so the MORONS, need to stop...LET THE JUSTCE SYSTEM WORK...
LONDON, is not the 2nd largest financial capital by accident...MORONS, it's called ENGLISH LAW.
GOOD LUCK ALL.
I'm appalled with the amount of STUPID MORONS, that are commenting without any knowledge whatsoever of court proceedings....
If you don't know and understand, go for a walk and stop spamming the board...
The judge is going to ask every kind of questions, even the ones the lawyers will be lost, they are going to say anything that's convenient to them, GUESS WHAT, the judge will follow the law and not what they say...the judges have to make sure their decisions in their cases, don't get over through and send back for a better ruling...means by following the law and case law(previous decisions by the superior/supreme courts.
This is a very through judge, that I'm sure have listen plenty of bull crap from lawyers and even worse when it comes to the government (FCA), that original agreed with the scheme and, we now know they, they never got involved.
By the law and case law, the FCA, argument can't stand, because when they argue that they disagree with the settlement but never attempted to correct the problem, because THEY DON'T GET INVOLVED ??? so they have shown they court they don't do their job and want the courts to side with them regardless of the law.
Good luck to all.
I heard this since mid 2010's. They were going to stop using gas boilers in new homes and replaced by electricity. Air source heat pumps and electricity cost are going to kill the average Joe. Only the rich can afford this type of cost....
EX....1 shower with strong water, around 10 minutes, from a gas boiler will cost between .07p and 0.11p.
The same shower using an electric shower cost between, 0.50 and .065p .
This numbers are from my smart meter.
If they stop gas boilers... ONLY THE RICH CAN AFFORD THE ELECTRIC BILLS.
I can't believe that some people are still question the DEADLY COVID19...I SURVIVED Covid 19, they had me 99% gone, between the 27th/28th , when out of nowhere I woke up...I spent 12 days in the hospital, from the 23rd of December, till the 3rd of January.
So nay sayers...KEEP YOUR NEGATION FOR YOURSELVES.
""Amigo also received last night a letter from the FCA dated 10 May 2021 referring to its letter of 23 March 2021 and stating that the FCA has decided that it intends to appear at the Court sanction hearing through counsel to oppose the sanction of the Scheme, even if approved by the requisite majority of the Scheme creditors, on the basis that the Court cannot be satisfied that the Scheme in its current form is fair. The FCA's letter states that its concerns are in relation to Scheme creditors' claims being significantly reduced whilst other stakeholders such as shareholders are not being asked to contribute, and the terms of the Scheme arrangements do not arise out of negotiations with Scheme creditors or any body representative of their interests. The FCA's letter also stated that it does not intend to request to attend the Scheme creditors' meeting.""
Nothing wrong with this, why should the Ripoff Directors not pay for the mess they did cause, have them pay , so they learn how to behave, proper , not have a mind set of ripping off the shareholdes.
I just mention that because of my USA back ground, it's a very common expression and I'm not a teacher.
Suddenly we are flooded with lots of folks that have recently join LSE and asking basic information rather than look at the company, they probably don't even know what we do and we can find any information about NOVACYT everywhere.
DO YOUR RESEARCH.
This is shocking the amount of people that are here asking for basic information about NOVACYT and investing in general...
SO DO YOUR OWN RESEARCH and learn about the company and the stock matket.
WE ARE NOT BABY SITTERS.