The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
End of year is the expectation. It won t be soon as I know capital raises take time to organise (typically 6 months) this process won t have started or if it has then only just after court sanction. You wouldn t start organising a placement and not know if you were getting paid for it! FCa findings and fine next. Followed by relending followed by visibility around products etc. Plenty of time and news for folk to want to build a position and take up options.
Interesting moment. Clearly the holders are holding and there s no new interest of any note. Sudden drops don t work so maybe they ll really try a juicy 20-30% plunge to see if it shakes out anyone. Doubt it. When the announcement on relending comes i can see this moving up but only to 7-8p. Largely because the existing holders are keeping their powder dry for the raise and fresh money will rather wait until they no the details, so don t expect to much clamour for these just yet..
Absolutely stevie..some evils yesterday when they dropped the price to nab some stop losses. Market manipulation and not properly regulated.
The only real factor is how long genedrive takes to become a cash neutral business that can fund itself from revenues. Answer is after yet another raise. There is no way they will shift enough product in time and so i expect lots of volatility with buy and sell ops along the way.
Thumbs UP - thx
NanoTech new application in Babies Nappies will be huge. A whole new untapped market and in talks with Pampers owner Proctor and Gamble. It will kill all known Shtzz on contact. This should be at least £2 on that news alone. I think this summarises the investment acumen of folks buying this share. They saw you coming. I would sell and buy Squidcoin that will make a huge comeback very soon!:-))
Stevie..don't take sledging personally...lots of folk blow off steam against others on here as they don't know how to vent frustrations! Maria Darby whats her face has been working with Amigo as a Marketing and Comms expert on 2K per day. Please don't tell me people are surprised about a rebrand lol!! Amigo name is done. That we have any equity left in a new digital business is down to a massive hard fight by Gary. Better still we are the ones that get the options that will come along in this business. I believe the vast majority of the market will want to buy in after the raise but thats fine by me as they can buy my shares after a quick rerate. You all need to 1. Buy your options. 2. Hold them for a good year thereafter. I think you'll make 3-4 times your investment. Not bad during a global meltdown which is about to land. We re just having the warm up party currently.
You re rarher naive and make a poor effort to be disruptive. FCA commissioned qn independent report which fed back that sub prime lending was a neccessity and that cedit unions can t take up the slack. A new FCA head for sub prime was installed early 2021 and without guidance Amigo tried its luck and failed. Since then there has been 'ongoing dialogue' otherwise called a negotiation. This is highly political and had taken ages to sort so sorry....we ll have to disagree but this is largely orchestrated to ensure fair redress and not kill off sub prime. The regulatory framework will be different as will the products be and its taken a shyt load of effort and guidance. You clearly aint got a scooby suggesting otherwise.
Yes Magpies. Obviously after the FCA and Amigo have worked together to get an agreed negotiation, it makes sense for the FCA to cripple Amigo with a fine hahaha!!!! It is by far and away the bestv thing to maintain the SP on the floor. I believe this sales parlance is called the 'puppy dog close-. Why maul a poor defenceless creature like amigo any further?. Reality is that we will get fined but it will be digestable and manageable and not kill the injured puppy!!
Yes Magpies. Obviously after the FCA and Amigo have worked together to get an agreed negotiation, it makes sense for the FCA to cripple Amigo with a fine hahaha!!!! It is by far and away the bestvthing to maintain the SP on the floor. I believe this is sales parlance is called the puppy dog close. Why maul a poor defenceless creature like amigo any further. Reality is that we will get fined but it will be digestable and manageable and ot kill the injured puppy!!
Bonkers99. Duhhhhhhh. They ve seen you coming. I despair.
I think the sp is just reflecting the need for news on sales. It is asking the question to Budd through the SP and will force visibility on progress at some point. I can see this going substantially lower still and then going up 100%+ on the day of news. Definition of madness is to expect GDR SP to behave differently from past.
RNS underscores how painfully long this will take. 2-3 year journey ahead and another raise required.
Too big to fail?? You ask an average working guy to tell you about bitcoin they ll say...'ummm its like electronic money" and also 'its really risky and dodgy' they have little clue. You as an early adopter assume other people will start to get crypto and then start to buy it after you. No. The vast majority will glaze over when you talk about miners and the blockchain and ledgers and rewards etc. No clue. And so you see without the masses you can only have on your hands one big fat ponzi scheme. There is no way around it. Maybe the same traders eventually come back with new money maybe they build up momentum but ultimately you think doris at the till in Asda is going to ever buy bitcoin you are sadly mistaken. When btc is 100 dollars it can still fall 100%. Beware falling knives.
Further redress payments...??? I think you ll find not. Redress now has a defined limit. Fca will be far more proactive in future and they can t just fine a company for being successful for heavens sake.
Who says bitcoin does nt go to zero? I hear words like oversold and it makes me chuckle. An asset or stock that drops a lot doesn t mean its oversold haha. I don t think it will go to zero but. I ve seen it all before. As the tide goes out things can rapidly disintegrate and confidence can evaporate. Investment has no rational sense. What i can say is that this has a long way to go. Sure there ll be a dead cat bounce or two but this has at least 12 months of awfulness ahead. Think about how bitcoin plays off against other asset classes. You re going to have a lot of folk bale out as Rates rise to cover off other positions. Arb is fked either way along with many other miners as the maths doesn t work at prices back below 10k BC usd which is where this is heading.
The Fed want inflation to run red hot. It allows them to shrink their debts aka Bond Yields. There will be an enormous crash but they ll have a higher debt ceiling to invest in getting the economy to move in 2024+. Quantitative Easing will come back in in force but in the meantime expect a long crypto bear market. It can only go one way and that is massively down, so why would you even hold??? It makes zero sense and I mean zero. The bear market for Crypto has barely started. I never touched Crypto though at 350 dollars and then 2000 dollars the bitcoin wallet was good to go. Then I saw the spread at 7%+. So to buy and then sell is costing you say 15 points. My conclusion. Go F yourself. I was never going to pay the casino to sit at the table. Only the house ends up winning sooner or later.
What you have is a stock entirely owned by RI's and many of them will be weak holders and not in this for the LT. Mista Investa has it right. The falls mean literally nothing. I can't express the irrelevance of it enough beyond to say that weak holders are giving their power to others who will simply make more upside. It will quickly revert back when the news comes and when the placement happens. You'll see shorters sell up. In the meantime you can expect:
1. More articles from "experts" suggesting Amigo will go to a penny and why its hugely overpriced
2. Shorters on here amplifying the narrative
3. Mug investors selling out.
Come back in 6-12 months.
Cheers
key is the mgt team. Easy to run a business when crypto is en vogue and everyone is making easy money. Now it isn't and the bear market could be a good year or two, until the Fed starts a cycle of quantative easing, likely into 2024. Look at the profiles of the exec team and erm. Are we blown away? No we are not. This will go much further down over the months ahead so holders should intend staying in this for an LT gamble. Not for me unless I see blood on carpet in a few months.
"our" not "are" lol