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the way I read this is that they are mindful of needing shareholders to agree to this and that we may well see the SP at 1p or 2p or happily lower. My attitude has always been that the sp can be 0.0002p if it wants to be as long as you actually participate. My 1.2 Million shares will need an extra 5-8K thrown at it and will mean I own 25Million shares then what's the drama!?
They tried everything to drop the SP. Grinding it down day to day. Then they had to try a few quick 20% drops out of nowhere. Then we've had the SP rise like it has today for it to end right back where it started. Every single one is a nice little pyschological kick to encourage sellers along. Don't. and say no more. There has been some manipulation going on without a shadow of doubt.
Company is clearly going to get sold for tuppence.
British Mike - I think you can be "high level" and see the obvious answer. When the USD devalues along with most major currencies creating mass insecurity over the value of "money" and "assets" do you think at this moment, the public will rush to buy Bitcoin??? haha!!!! clearly not!!! 2. Will Govts actively tell people they need to buy Bitcoin??? Again. Ridiculous. The masses are not buying Bitcoin. not now or ever. You have therefore a limited Ponzi Scheme. Any Crypto fan will tell you that every time there is a dip, more people buy in and that corrections are great as more folks get involved. errrmm realllly?!!! For all of BTCs "cleverness" it is best to stay big picture to see the obvious IMO. There is no utility here whatsoever.
When it comes to drugs "Just Say NO"
Its quite simple - the business was a high cost lender (though on the cusp previously). FCA wants this end of the market taken down. We are now positioned as a mid-cost lender. One day Mid-cost will be the new high-cost and the same cycle will happen again (albeit in several years thankfully). We will have our asses diluted but if you take up your rights you'll likely do very well. This is another 2-3 years away from reaching a stable business with a head of steam under it, so expect the SP post rights, to take a year or so to properly inflate. Long way to go and most potential investors won't touch this for a while yet!
Windows - Surely a bit harsh? I mean David Beckham has money in this and he is the face of the Qatar World Cup!!! His business acumen speaks for itself. Just give Becks time!! My average here is...errrr Zero!!!! hahaha
haha big lippy. Problem is you have to be sound mentally, to be a guarantor so TF only has option of going direct anyway.
Sadly I filtered TruthWhackjob a long time ago. Reading between the lines it'll be that the new business is selling loans at outrageous rates and deserves to be shut down blah blah. Oh dear. Can Guarantors run affordability checks? and if there mate says they can't pay for a few months, how do you know for sure? I wish TF was my guarantor. I'd take his money and F straight off.
Major consolidation of range needed and cost out initiaitves invested in. LT turn around. Some decent products but too many loss making. Not sure about existing board abilities to deliver this. Need to come out of probable recession a leaner and fitter business. Not one to trade or invest in but worth a watch for now IMHO.
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!!