RE: We saved 73 million with zero FCA fine19 Mar 2023 10:20
I will try an enlighten you but it may be beyond my ability.
Fine, FCA was probably unlikely to issue fine until after relending, i suspect BoD pushed for an answer Jan Feb when it became apparent they couldnt raise funds due to its uncertainty, they would have also flagged any meaningful fine would have pushed them in to wind down - if they cant raise money to keep lights on how can they raise funds for fine.
The ii's you talk of are existing holds who like us fear a wipeout so are looking to protect their investment, they are not new ii.
The Bod have continued to issue negative rns's even though they no longer need to be cautious not to upset FCA, the only obligation now is the 15m.
Pilot has proven processes works but it's not leading to sufficient business, hence they still cant attract new investors.
Red flag, they have suspended the guarantor loan, what's the real reason for that?
Yes there's huge potential out there, which is why we're still here, but BoD need to influence change / risk and quickly to increase lending.
Shorters is an interesting topic which I dont have answers for, what % is out there? Do they need to close before RI? If not they can hold some for the RI and short x19 knowing they'll likely be able to buy them lower than today's price?
You've come on here ramping to high heaven and ignoring the facts, anyone new reading your posts would think this is relatively low risk, a sure thing, it isnt. Exisiting holds know where we are and its higher risk than every, it shouldn't have been but was always down to proving a future business..to date we haven't regardless of potential market. We live in hope for a positive outcome but ignoring the risks is foolish and trying to convince others they dont exist is wrong.