Member Info for Fforestgwmp

DK89UK 9 / 15
buzz53118 12.2 / 21.5
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Meganx 6.29 / 6.29
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Blueskyboy 8 / 7somewhere
Cardinal59 7.2 / 11
Fforest 9.3 / 14.4
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DK89UK 9 / 15
buzz53118 12.2 / 21.5
Biglippy 12/ 19
ChrisDarbs 9 / 12.5
Radika 7.5
Meganx 6.29 / 6.29
Drutor 8.3
Blueskyboy 8 / 7somewhere
Cardinal59 7.2 / 11
Fforest 9.3 / 14.4

Go to get the word out..
https://www.thisismoney.co.uk/money/markets/article-10845173/Amigo-Loans-suspends-trading-shares-amid-critical-court-hearing.html
£1.3b down £30m, so £30m up to???

https://www.ft.com/content/74713cf3-eb26-468a-908c-0ed7a8b1c3d3

If he sold we'd have seen an RNS

HH, dont change the subject we were talking about chocolate not sticks of rock, 5 for £1 on the pier.

That's not a bad deal, he got £4.50 so based on the compensation % he paid £100 in interest, at 1100% interest he only borrowed £9 so he got 50% of his original loan back. No wonder he's delighted.

I read it as 8am but could be wrong.
Big, don't you think it odd that both, infact all judges have the same first name?
Knight, your shares are strapped in to the rocket, its programmed for the moon but is just waiting for the judge to input the flight plan, hopefully it wont be the direct route if the moon is over Australia and we end trying to go through the centre of the earth.

And me, anyway, Mouse did that answer your question?

Now only down 0.3%, that's up near the 12% in a matter of minutes, with that trajectory your correct again we could make the moon.

Again hope you are still here and keeping well. I appreciate you may not wish to comment but any chance you could set some mood music to calm the troops?

Not sure if you're still about, hope you are and keeping well. Any chance we'll see your amazing skills in action next week?

Thank you both, this exchange has made me smile.
For anyone else just don't ask the question, click on AMGO Live RNS at the top of this screen, go to page 3 and read for yourself - 19th May we apply for suspension, 21st FCA confirm share can be traded again but that's a Friday!
Now ask yourself, does that make a jot of differance now? This time Judge may look at it and say by lunch Monday all good with option 1 off you go or they want a week to think about it and for some bizarre reasons request, if they can, shares remain suspended. If they go for option 2, winddown will the suspension ever be lifted?

Should only be while in court and theres a risk of someone saying something sensitive in public. Even if judge has to go and ponder for a few days the suspension can be lifted. So unless anything startling happens, two days max.

Hedged, theres been 7 different posters today, no way will we see £7 next week. Stop ramping you fool.

Fecking predictive text, hope theres no teachers here! Mind you I'm always getting my mucking words fuddled.

Very quiet here in Vol and posts, looks like even one have taken there positions and not budging, will there be a rally before court?
Hurdle 1, Claimants vote passed.
Hurdle 2, Court, cant see any reason it wont be a positive outcome, though regardless of which side of the fence you sit we'll all be twitching! I'm expecting both options to be approved so that should subsequent hurdles fail the backstop is in place.
Hurdle 3, FCA approval to relend (initial), two parts as I see it, 1, have we got an acceptable application process - after this amount of time that has to be in place, conversations cant simply have been about SOA. In telling us we did something wrong you also need to have told what we should have done, if it's not ready for a rubber stamp someone should be asked. My only concern with Hurdle 3 is timeframe, no way 9mths, before end of summer? 2, FCA thresholds, do we have the funds to do the initial period, I'm going with yes but if we haven't an early RI may be needed.
Hurdle 4, RI, if an early RI is need it's not going to raise significant funds so in my mind it could be good for holders as taking part should be more affordable. Other option is done towards then end of the 12mths by which time future profitability is known so a larger raise is possible, con - most PIs wont be able to take part and will be diluted, pro - company is well funded and a huge vote of confidence, of we go Amigo2, diluted PIs will have to wait a little longer to get a return, bottom draw them.
Hurdle 5, the FINE, fine balance here and surely FCA have to consider the work Amigo have done to address, maybe not. Personally not worried, if it's too big the company fails as a result of the FCA, dont see that happening, fine will be reasonable and we'll suck it up.
Hurdle 6, what the hell is my strategy now after two years? Think I'll still wait another year.
Any other hurdles?

1887, absolutely, don't think he has any shares and why would he worry his boss as 9m of them.

Largey00, I share your logic, let's get the trial six months down so we have figures to base future company value on to do the RI.
However, I also have a ? Over the need for funds to do the initial 6mths, FCA.
I also have concern that until we know what the RI means the SP may not do much, I can wait.
I also think it's a good thing to question my own judgement? So what if the RI is done sooner rather than later, to me it would raise less money but getting it done might be more beneficial than it hanging over us? That's what I'm mulling over now, with a pint ;-) I'll have it all resolved by the morning, I just may not remember it.
Good luck all

Jimbo, Forest - shareholders’ rights are subsidiary to those of creditors. There is zero chance the judge will say it’s inequitable to shareholders

True to your first point and second is most likely, however I just remember it was in the notes last year that judge wasnt expecting or wanting shareholders be wiped out but essentially share an equal loss. To me the pendulum has swung from one extreme to the other.