The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Danny Malone or Gary Jennison?
Both as much use as a chocolate teapot in my eyes.
Expensive teapots.
Bybrook and JPM were walked out the door just days before the good old 19:1 dilution was announced…
Criminal
Exactly my thoughts Stevie, too many simps didn't want to muddy the already toilet water. Blind faith in the charlatans has caused this but anyway here we are...
Finally some good news. Danny was a plonker with absolutely zero about him.
Maria told an investor (private conversation) at the AGM in 2021 that investing in Amigo was like gambling.
Gary Jennison said to one of the shareholders during a meeting at Amigo HQ back in February 2022 that he didn’t know why shareholders were still holding.
I’m sure these two investors will come forward to confirm these statements as fact.
We’ve had our pants pulled down by the board. When did shareholders vote against the raise? I thought we would have got our say on it. It seems fairly obvious the plan was to run this into the ground whilst milking ridiculous salaries for effectively a shell business.
I see Maria Darby Walker and Jerry Loy have removed Amigo completely from their LinkedIn profiles. Protecting their self image after being paid a healthy packet. Both were on higher salaries than the PM. Laughable.
Forest Gimp you are a muppet! Respect the clear instruction not to post on any boards.
Also the BID will still be guaranteed their salary for the next 12 months while they wind us down.
The BOD didn’t want to undo the good old work of Gary Jennison, the guy that single handedly pulled his on scants down for the FCA to try and push SOA2 through - at a personal gain of £1.8m but costing all 200 staff members their jobs.
They should have gone back to court and reiterated exactly what Daniel said at the last GM.
There are still 2 months to get this sorted - why put us into fall back today? Go for SOA3
This BOD are weak! EGM needs to be called.
Jimmy the first scheme was heavily in favour of the shareholders, the second was heavily in favour of the creditors.
The way the second scheme was constructed was poor, there should have been shareholder representation involved in the ICC for a start and for all parties to meet in the middle.
Gary pulled his own pants down to get the scheme passed the judge but was so short sighted, he can’t have been so naive to think shareholders will vote in favour of this or face 95% wipe out.
Astounding that Gary coined £1.2m in salary plus a £600k golden handshake on retirement yet all his lazy efforts are about to be undone.
This is why an EGM must be called. We need action, I just can’t believe it’s been allowed to drag on so long and this is the shareholders finally responding.
Too little too late.
The SP has been engineered by an entity whether it’s the FCA/ big investor(s) and their influence on a group of charlatans (BOD) willing to roll over with their constant gloom and doom - £45m or wipeout being the only two options, now they have agreed that SOA3 is possible.
We need an investigation
This information had been concealed within the Twitter group for a couple of weeks, however it feels right to post on the LSE.
Rumour is there are 4 investors with a total of 60m shares between them that have compiled evidence of insider trading within the last 3 years. Their intent is to start court proceedings and sue Amigo & the BOD, potentially the FCA - this is all I have learned so far.
My bets are on;
- the FCA had a short on us at 30p (made plenty from it so wiped the fine with Amigo)
- Gary walked JPM/Bybrook out the door before the 19/1 dilution RNS in January 2022
It is an absolute disgrace the way they have treated us and what makes it more shocking is their one dimensional way that has lead us here. Daniel (caller) was spot on today when he challenged the BOD. They should be telling the FCA that they can't get £15m from the shareholders however the creditors will still get the higher amount if Amigo can survive.
Daniel, make yourself known - there are 75 of us in the Twitter group that share your sentiment.
Regardless of what's true or not, one thing that is abundantly clear - there is serious corruption at play and we should expect a letter from the CEO, similar to the one we got from Gary Jennison on day one of his money grab, we want answers and we want them quick.
Danny is on 4x the PM salary for what is essentially a shell company. LOL
Tick box exercise.
Glad I’m not travelling for todays meeting. Glasgow to Bournemouth via Dublin - 26 hours all in from door to door.
Who’s leaking??
Mr Dyer said,
“Despite the odds we’re back, now the real work begins. I have stepped into the front line to lead the operational transformation. Whilst lending market has same old problems, we have new technology, big ideas and a passion to innovate for underserved customers. The team remain fully committed.”
What an incredible turnaround when you consider how the position of Amigo in the last few years. Great move for Paul and the rest of the team.
We’ll have days like CINE - 175% up in 4 hours LOL.
Guesty123 - you do realise we can look at your previous posts?
26 Jan 2022 08:41
"sorry lads. im out. 46k lighter. sold at 1.9p. this is the worst deal i've ever made. i should have listened to my own advise i gave strongwomen and got out on monday at 3.5p."
Nobody should ever take investment advice from you. You're just another clown.
Maria is a NED for both Amigo and Redwood Bank.
Now we’ve got Jerry Loy - also NED for Redwood Bank.
If you can join the dots…