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Darien, the raise and dilution won’t be until after all claimants have submitted in November 2022. 6 months away. Get your facts in order.
It’s irrelevant at this moment in time, we’ll know after November once the deadline for claims has passed.
Hedged - paid troll? We know your type...
After a small rise yesterday, we have our first deramper popping out from the woodwork.
Completely agree with this Stevielad66!
Amigo have chucked everything including the kitchen sink at SOA2 - why is suppressing the share price such a priority? Courts would be put into bad light if they rejected the scheme based on SP rather than focusing on the best deal for creditors.
Make it make sense....
Customers will have until November 2022 to claim.
It will take Amigo around 6 months to go through claims to decide what is genuine and what is not - that takes us until May 2023.
Once they know the figure for the raise then it will be put to shareholder vote regarding the dilution - add 30 days for the vote, takes us until June 2023.
There is a reason the claimants aren't getting their payments until November 2023 (at the earliest) the process isn't a quick fix for anybody.
They will let us know how Amigo 2.0 will look before they will ask us to dip into our pockets. Dilution simply isn't happening WITHIN the next 12 months (from today's date) so let's look forward at some of the fundamentals WITHIN the next 12 months
1) NBS gets sanctioned
2) FCA lift any and all restrictions
3) Relending begins
4) New products released to market
Stop worrying about dilution for now.
Cupids Arrow it may not have any effect on the SP but it's another massive win for Amigo.
Gary mentioned after the last results that Vanir Business Financial LTD is a back up plan for Amigo if the NBS fails - our senior leaders are all FCA approved, I imagine that we would get FCA approval on a new brand providing that the VREQs are lifted.
We are only diluted on the NBS. If the customers vote for the wind down, we can launch Vanir pending FCA approval - we start a new business with no debt or history from Amigo Loans LTD. Is the wind down scheme the best option for us?
If the NBS gets the most votes, what happens if the shareholders vote against the dilution? I know we automatically enter the wind down but can we be stopped from launching the new brand in this instance?
Any suggestions or ideas welcome.
Looks like there is a large buy order getting filled - Monday flagged up 12m, Tuesday flagged up 18m & today around 2pm flagged up 34.5m.
Are we about to see history repeat itself? Price dropped to let in a certain you know who... Time will tell.
But we’ll be expected to raise £15m as expected.
In my eyes, this is great news!
This is the moment we have all been waiting for.
Sink or Swim / 0p or 150p
Has London Bridge really fallen?
GLA
We will see 1p at the bell tomorrow - I just want my 30p so I can break even
:O
Silence from the lambs…
I'm waiting for your serious question...
Expecting similar momentum on the lead up to the first court date - conservatively predicting 6p by the 16th of February.
Clintek - come join us on twitter, give your mind some peace from the constant drivel on this board.
Gary is taking £2300 daily - never misses a wage
Maria on a consultancy basis will be on £1500-£2000 per day
Paul Dyer will be on £500 a day as a minimum - employing ex FCA 14 months ago and here we are. His LinkedIn profile headline is "Creative Problem Solver" - so, solve some problems then?
CFO Mike has bailed on us, likely because he thinks the 95% wipe out is just a ludicrous as we do and was reluctant to sign it off. Either that, or he's fudged the numbers somewhere and we're in a far worse position than anticipated.
Where is the value add in these directors?
BSB - it's all with intent. They want the SP as low as possible, now they want the PI's to feel the pain.
Bending over for the FCA with willingness. Nothing short of a shambles.
Very concise message from James Drummond FCA - Chair of the ICC. Amigo have been consistent in meeting the requests of the judge & FCA and are doing everything possible to do the right thing. This is great for redress creditors and is demonstrated in a far clearer manner.
I’ve got confidence in Gary and the rest of the team at Amigo - increased my holding by 600k since the 1st SOA.
GLA