The FCA and JB thing will work out. Confident. Seemed heated comments a few months back. Reality is he is the one who reported the failures of amgo, brought them to the limelight when others were trying to wash them and save their careers first. JB can be approved by FCA, no reason why not.
Leeds in a lockdown ? Potentially could happen. Still no excuse to stop stirring fella...a bit of elbow grease before Monday! Come on chop chop!!
I know its a bit early to dissect the 1.4 on a Friday night (but I’m all in now..) a bit like FB:)
I need some one to tweet back to JB (I dont Tweet myself, just a reader..) to interpret the 1.4 clause. Or anyone, the final sentence has some relevance or importance? In layman term plse.
1.4 Richmond Group may advice the Broker on the best approach to take on a day to day basis and reserves the right to define how the shares are purchased including implementation of measures designed to ensure that as far as it is possibl eshares are bought from private investors. However Richmond group may not limit the broker ability to purchase 29% of the share capital of AMGO.
The last 2 sentences, could be interpreted in different ways. Private investors - could be allies who wish to sell back? Broker may not limit? Does that mean more than 29%? ??
Wow, a lot of tweets by future CEO. Twitter power in play.
Derfel, you beat me to it:) His Broker could buy the lot at near 20p if sp allows to be in their favour over 7-10 trading days. He can pay higher, it is upto intrepretation. Discretion comes into play. Knowing JB the sooner 29% the better, so he can concentrate on creating value for shareholders. But 29% of company will be bought whatever happens!
E_AL, Once Chairman is approved by FCA. What is Loverings new position?? He was chairing Risk committee?! Hard to believe. He will go, that was the deal back in June to step down until new BOD’s are recruited /approved. That will be news in final week of Sept.
Istock /itsagame, I think those 20/30% positions you mention were taken up on the 3 tradings 450m shares traded over 3 days. The 3 days took everybody by shock. But no RNS to reveal who holds any % as yet. Baffling..
Agree Richmond, JB Wins, if the BOD’s don’t come up with good news of some sorts.
They need a solid positive RNS to surpass the 20p mark and win shareholder votes, I see no other way for them. Big news to springboard the sp. Lovering indicating resignation even! With 1% sells concluding this would further fall into JB’s favour if sp rises, not BOD.
Haha yes teatime indeed. I like my jacket potatoes of late with coleslaw, yes too much information. JB opted for a northern broker instead of the south.
Indeed you are in the company of greatness. Hahah.. ‘Voting day” wlll be laid out with a red carpet and cookies for you. Lol Leeds could be about to be locked down too??! Good job you got costco out of the way!
I’ll keep stirring the amigo broth...elbows hurt a tad..
Mri, Shorters will place LONGS. Genuine Derampers become ramprers. (The twisted txxtx will still be twisted Txxts. They have personal issues with amigo/ JB). By CLEARY STATING WE ARE AQUIRING a shed load of 140m shares, the liquidity starts to dry up, 29% is a lot. 1/3 of the pool of shares in the market kept privately will have affect on this stock to rise.
This BUY pledge along with no more guaranteed 1% block SELLS (daily), as from Thursday. The SELL instruction caused sp to drop from 66p. Shorters went short. The BUY instruction should have the opposite effect.
Take April on just “2m traded shares volume” -AMIGO spiked the sp from 20p -32p !!! This has every chance of a reoccurence.
GCN, DOW was down 800points +350 points down and we stood are ground:) at yes 13p. I know we dont depend on that. MM’s know this stock is about to loosen from their tight grips mid week. Take from the impatient this week.
Question: Is there a more transparent incoming CEO in JB raring to go and give what we all expect of a CEO: TRANSPARENCY PROTECTION FOR SHAREHOLDERS ACCOUNTABILITY RESPONSIBILITY INCREASE SHARE HOLDER VALUE NEW BUSINESS IDEAS and A CLEAR VISION
RE: Watch people racing to get in before close.4 Sep 2020 14:17
The old BOD’s scaremongered 1ST voters last time, to put it blunt - lied to voters. They said, JB would never be FCA approved. Yet, 1 month in GC is yet to approved. You can run a company without approval:
23m JB tweeted: It’s pretty inevitable that the board will try to tell shareholders that voting in a CEO who is not approved will be catastrophic (as they did last vote). Glen’s status over the last month proves this was/is a lie.
26m JB Amigo has traded without an FCA approved CEO for over a month now. So yes, it’s obviously possible.
There is no such thing as ‘about to become approved’. There is no ‘partially approved’ status. You’re approved or you aren’t.