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JB won't be allowed within a mile of Amigo by the mgt or by the FCA. Hamish Paton is the man who is at least as culpable and somehow has managed the same at Provident. Drives around in his Bentley and somehow not stripped of his FCA "competent manager" status. What a joke.
But this applies to every facet of life. Bankers get huge bonuses for us to discover that it was based on lies and unethical behaviour. How many companies have you seen on AIM get listed, the raise happens, mgt teams exit and the RI's get shafted. All the time. Basically, money gets extracted from the biggest schmuks and its all against all. Global Politics and the way Finance works has failed IMO. You have a generation of very sceptical people witnessing corruption left right and centre and wonder why people don't save into their pensions!!!!:-))
Correct - We talked about this a year or more ago that Amigo would have to do the "puppy dog close" and be on the floor to avoid punitive action. And here we are, though the SP this low is a more impressive feat of engineering than anything Isambard Brunel came up with!!!Remember that Amigo have started to push the gas a little harder on the pilot and at some point the FCA will come out and endorse the new approach. If investors are nervous, you have a regulator that is supportive of a return and that will provide the confidence and momentum. Build a position and make sure you take up all your rights. Give it 12 months and you'll do OK IMO.
Old vinegar t*ts over at Indebted Camel is putting her advisory fees into the pot as part of the RI apparently. She is going to use the upside to pay more out to the creditors. What a totally amazing she/it!
Haha Forest - I don't think it's Sara - She's too busy selflessly helping bankrupt people from Bootle. She's a real hero of mine how she tirelessly campaigns for the working class, debt riddled vermin out there. And no.. I'm not joking.
Ok I am really.
To be fair, the Cornershop closed cos they/him/her couldn't get an Amigo Loan.
That is pretty funny to be fair! Sara (They/Them/It) at Debt camel so desperate to be relevant, she goes on a crappy board, takes an ironic poke/comment at the situation and starts frothing over her keyboard to make a name haha! I'm not the one to get told to shut the F up by a judge at least. haha!!.. meanwhile don't get your knickers in a twist! I can make a crack if I so choose. You don't have to find it funny. I really don't think I'm going to change the course of history here guys!!
Still all deluded here. I don't care if this does hit 60p-70p, If it does it ll be entirely false anyway. Traders will lose. LTH at the right price will win. This isn't the right price. More funding required. Close to no sales will get reported etc. This was at 40-45 p when the raise was set at 25p so not even mgt give any credence to the share price. next raise will be lower still.
My comments are easy to explain. It's called 'irony' so lighten up folks. I can't think of a more inappropriate joke and a more appropriate place to put it then this board!:-::::::::::::-)
I think Mgt would be better served to close the pilot out post haste. It either flys from a regulatory perspective or it doesn't. At least you'll have a mandate for Investors whereas there is nothing yet for them to base a decision on. Finish the pilot - get green flag from FCA and then there is a business case. Running around market for investors with no clean bill of health won't cut it. Equally, the caution with all that has gone on is natural. This was always a binary bet and remains the way. Successful pilot = FCA thumbs up = investment. I don't have a crystal ball like anyone else so we'll see how it works out.
I am under the impression that this is a move to force the Regulator into agreeing a full return to lending so they can then attract the investment.
But then if you take up your rights its irrelevant as you say.
More likely is a crash in the dollar to drive up Gold. Personally you won't catch me investing in a singular mine again. All it takes is an operational issue, or a change of attitude by the Govt and you're f88877cked. Its a question of time as something always happens to put the boot in. Better off with a Barrick or larger outfit for obvious reasons. Good luck on this and likely to see £2 this year IMO.
I think this is on track to deliver. Your investments are likely to end up about the size of a nanoparticle.
I think there's actually a bit of background order filling going on. We'll see if there is green later today.
50/50??? I hope you lose every penny simply because some folk just haven't got the responsibility required to deserve money and need life to teach them. You are one of these people.
PoorInvestor - sorry but you don't half talk a lot of crop. You see things through one lens and never consider that BTC is just having a little dead cat bounce or that in fact nothing will happen in Ukraine this winter and come the Spring, the wat will kick off again and drag on for years. Love the matter of fact///"yeah it'll be over in Spring" lol!!! the real pain to the west is next winter not this. Wait for the energy shock that's coming.
Given the level of abuse I got I think I'll repost the below - Furthermore BTC will go to zero because it has absolutely no utility whatsoever. Its a self perpetuating myth amongst people who think they are smart cos they understand Crypto and the blockchain. Blockchain tech is the winner. 99% of what's sat on top is absolute cr@p IMHO
FrankyS1971
Posted in: ARB
Posts: 2,744
Price: 48.50
RE: Expectations10 Jun 2022 10:49
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 to zero.
Cheap compared to what Chips? Classic error frankly. You can't look at the past and just go "oh well look - its cheap now cos the shareprice used to be much higher" NO. Can I ask what you think a firm that generates 50K IN A FULL YEAR of sales with a large loss and burn rate with little cash would be generally worth? Forget Genedrive and look at the financials. Would you buy into a company if I tapped you on the shoulder and tried to sell you this based on the balance sheet RIGHT NOW. Of course not. You re basing your opinion on what the speculative price used to be and the promise of it and nothing more. The Product and Proposition isn't working. Selling new kit and a new way of working into a bureaucratic cash strapped organisation is not going to be a success. It'll be years to get this moving. Everyone thinking NICE in Feb will make a difference - Jeez - trusts won't be hovering over the buy button on the decision, it'll be another full annual cycle, then it needs to be written into NHS best practice, then it needs a Labour government and some level of new money from somewhere before any real volume happens. We're done here.
Its reading between the lines that is interesting. ECB sites Crpyto as a hotbed for corruption (no arguments there) meanwhile out of the Fraud and Corruption running through Banks, 97% of it doesn't get picked up. Take Deutsche Bank - there are 1200 people globally running AML. This is a cost to the Bank and is never going to be something that they invest in. The FCA gets placated with a symbolic effort but the amount of corrupt money running through the city is quite frankly beyond yours or my comprehension. Therefore its about control of Money and nothing more which is why the crypto projects will implode and some of the blockchain tech will get adopted. Like the Dotcom crash not much survived but what did flourished.