RE: Light at the end of a dark tunnel?12 Jun 2023 09:45
Pumpers gona pump pump pump and dreamers gona dream dream dream.....and it would also appear some LTHs have gone slightly delusional with the time spent here. Reread the post here for the last few days and you'd think Flemming has appeared out of the blue with a big bag of cash to save the day but the reality is, he's an existing shareholder who the ASAG thought was the best person to represent us to the BoD, and they agreed to have him. As such he is now an 'insider' so if he does have price sensitive info he wont be able to trade, so no TR1.
It may be he has contacts to raise the cash but if you were them you'd want some assurance you'll get your money back or be willing to lose it. Who would offer Amigo a loan when you can take a slice of the company? Talk of £1 a share is off the mark, our shares have a limited face value, there real value is as a right to buy in to a new Amigo should it occur, to buy some of the new £40m new shares, whether that's 19.1 or not.
Next steps as I see it is Flemming will have to find the funds 'in principle' and that principle will be to prove a viable business. But with cash options he should be able to go to FCA to review lending criteria, lessons should have come out of pilot.
Not expecting a takeover this week, am expect a drift south until next RNS or pumpathon event.
Keep it real to stop, others getting suckered in here on a spike