Member Info for Cardinal59

Morning All i, no need for the abuse it’s happened now
I don’t think any damage has been done as nothing in the email is market sensitive information
Let’s just keep shhh

You should not have shared the contents of Mo ‘s email without his explicit permission very disappointing I recieved if yesterday did the right thing NOT to disclose the contents

I gave my own comments about EGM way forward and the transparency of a our board member

Hi We need EGM to get out some members of the board out we all know this was orchestrated way to destroy Shareholder value
I know why a NDA would have been signed but surely if our Rep is acting on our behalf then .... all should have full access to information Remember Danny (shareholder ) told us some crucial information in the last presentation even then Danny CEO informed he was bound by NDA which he rejected

So lets have full transparency, of course i can hear CEO saying it will be market sensitive information, to give certain information public Surely there must be a way this requirement can be met

Hi All , like others i would like to know what’s emerged if anything from the ASAG meeting
I wrote to Mo, he responded to let me know that update will be provided soon

just sharing , many of us concerned.
GLALH

Where’s the EGM?? then we can get a shareholder on the board and know for a fact what’s been going on

Hi I hope that ASAG don’t agree to any NDA. We , all shareholders should get access the same information that is why last week if the meeting coukd have streamed on line

Mo - it is imperative that you provide update of your deliberations and EGM needs to be called Immediately

Jimmy. Your comments have validity, however my interpretation is :
1. Amigo proposed a SOA which was accepted by FCA and Creditors
2.The Court accepted the proposed Scheme
3. The Court then gave a Instruction to Amigo to implement the Scheme
4. This becomes a Order
5. A Winding Order is being implemented
6. Under Current legislative Guidance. - A Winding Order can be reversed within deadline criteria set , if no further adverse affect takes place on beneficiaries

Just my view
Keep the Faith everyone.

Jimmy - A Winding Order can be reversed and we still have time. Amigo needs to show the court basically it has found a way to improve its financial position and creditors are not penalised further for e.g new funding has come to light
I hope this balances out /answers your point
Your other points are debateable though but I remain hopeful ,with lots of trepidation

All, The meeting that is likely to be happening with Amigo and ASAG - any one know if we can access it ?

Mo - I know your very busy , but in terms of transparency it would be good if it could be streamed in some way

When was the Sale agreed, was it before the RNS informed us of the wind down
We need EGM to get these Board Members to be asked kindly to be shutting the door behind them

** 4 million bought **

Yuri - totally disagree with your synopsis of the situation Over 9 million shares bought this morning if your comments have any relevance - perhaps there is another agenda !!

I know some people are on Performance Related Pay Based on the Boards Performance in the last 2/3 years well they need to reimburse Amigo that's a couple of million towards the plan
Class Action may be need to be considered i'm sure Edwin Co would advise up

Plea Dan stay with us + with the support of Mike, Chris, Mo we can see a new direction of travel

IF the so called CEO resigned the price would rise further he is out of his depth , like the First Scheme debacle It was the board that gave the KC the brief

Something is brewing, well done to the Guys who asked Pertinent questions and put them on the back foot and at least they are willing now to engage with Shareholders
The board need to be Evicted had their own agenda
GLA

Hi Mo Any lawyers you know who are willing to take it on no win no fee basis ?

Coiled -Spring - thanks I'm just clutching at straws

from Kate

Amigo 2.0 refers to the future lending proposition for Amigo Holdings PLC. There is no change to the corporate structure. Your shares will remain with Amigo Holdings PLC which will move forward with the Amigo 2.0 proposition.

Does this mean shares are with Amigo Holdings Plc and not Amigo Loans and its Amigo Loans which is being wound up?
Anyone see a difference between the two are they the same company?

Extract from Email to Amigo sent last week:
You had £35m set aside for lending? If the new loan uptake is so low why not just take 5 or 10 million out of that over the short term?
I'm sure you can see this is a credible proposal and if the board let the wind down option go through it cannot be other than a miscaluation and the board will have failed and those taking these decisions would have been taking monthly salaries for "Failure" and if Performance Related Pay Scheme was in place at Amigo would have had to perhaps pay us back
The First Scheme was JUST a total disaster with not detailed Information submitted by Amigo, it begs the question was this just incompetence or for other reasons