Member Info for FrankyS1971

Be warned i was entirely wrong with the last vote and predicted 85% in favour. It was actually 95%. This time i think scheme 1 will be at 90%. Who votes for less money? Like barely anyone. Yawn.

They may just as easily go private and buy SH's out. Or a good wedge of the new issue will need to go to II's. Or we might get a heavy discount. Or they could raise at 1p but then do a massive share buy back program. Honestly - nothing has happened until its happened. Fact and only one remains that if there is some equity left in the business with a clean bill of health then the future is bright.

I wonder if folk have started to conprehend that the dilution, provided you take up your rights is largely irrelevant. Sentiment is the key and i m inclined to agree that a successful court process is likely to blow the doors off and spectacularly. Getting access to those rights cheaply is the name of the game. You take the punt early or get fewer rights to a digital lender in an underserved segment. Ding dong.

What you mean is that you didn t anticipate either. Which is pretty ok.

There is always a reason for a rise and fall dum duns!!:-::::-)

The lower the price the more options you can buy the more return in the New Amigo..vastly more improtant than averaging down by a couple of pennies..traders think average down...longer term..options is the smart money. Give it 12 months and you ll see.

The naivety is surprising really. This will take 2-3 years to get close to becoming a self-sufficient business. Meanwhile there is no capital for fresh investment into new products. Budd is playing it right and had fresh investment at 25p last year. Those investors aren't looking to make 50% ROI in 6 months and sell. They will hold for at least 2 years and aim to make a significant amount. Its only the rampers that hope they are going to make money in the next week/month even year. You aren't real investors as you'll sell on a spike and then guess what. The price will come straight back down meaning you're playing roulette and kidding yourself otherwise. I would go fishing and come back in 2-3 years, I think you'll do very well in the end.

Clearly no rebound IMO. Boohoo are investing in various turnaround programmes internally which are multi-year and gives an idea of the complexity and length of time it ll take to deliver. Further, interest rates are going to hike in a way that few want to admit or conceive. Cost of living crisis to escalate = less money for fashion.

Not correct. The judge and fca are very interested in shareholders. Hence the order ro restructure hence the board have had to declare what that restructure will look like. Aka. 20.1 dilution. This is simply a transfer of wealth from shareholders to creditors. Period. You will be allowed to sell your rights as the business will want fresh investors so the game is about accumulating as many as possible at the cheapest price. When sentiment turns these shares will get bid up regardless of dilutory effect as you will still own the same proportion of amigo as long as you take up your rights. ASAG have zero influence control or power and are fed shi% and kept in the dark and engaged purely to placate them. Keep your ammo at hand to buy up your rights as the new kending model will knock your bollx off. Can t wait to take advantage of the next set of borrowers until FCA decide to backdate rules to advent of captillism.

I do hope that a serious debate with Gary and FCA AND shareholders happens but very far from convinced that an ASAG questonnaire is going to compel that. It looks like a student project. Sorry. In essence there are two sets of shareholders. 1, Set = Previous Management and Previous Institutions who applied a damaging aggressive strategy, awarded themselves with dividends and bonuses which were through improper conduct. 2. More recent retail investors who have been left with up to 95% capital destruction. Gary and the FCA are asking bucket number 2 to take the hit, even though these guys haven't made any gain whatsoever and are sat on eye popping losses. Bucket number 1. Are scot free and there are no mechanisms in place to claw back bonuses and dividends that were triggered through essentially what is tantamount to financial crime. And there you have at the heart our whole financial system on display in the microcosm of Amigo's story. I want this dilution blocked until there is a full dialogue with the FCA that answers the following.
1. What are you doing to claw back illegal payments (because that is what they are). 2. Why should any investor in their right minds back a model that you approve when you can legitimately move the goalposts further down the line. Essentially you can dissapprove your model and then do nothing to hold those individuals accountable?! What sort of Banana Republic is this exactly?! I think the FCA have a lot to answer for. 1. Why are you not pursuing "Approved Persons" who remarkably are still "Approved" to me a sign that nothing whatsoever has changed in the FCA mindset as to an acceptable standard of behaviour. 2. If you are above the law and can change the rules and backdate them, fully in the knowledge that you are punishing bucket 2 rather than bucket 1 of shareholders, how effective are you being to prevent the same cycle??? answer not at all as we know Human Nature never changes. I'd be happier using the money toward the raise and putting it toward a legal case against the FCA which should have happened in the first place. The whole cadence of our financial system encourages corruption with virtually no prosecutions, no claw-backs no disbarring etc. I love a fkin rant hahahah

Love the pincer movement by FCA and Gary busy trying to make sure that the share price doesn t take off by ramming home the message about dilution. Haha

People will understand eventually that the SP and dilution are actually an irrelevance. 1. key is taking up your rights and therefore buying as many as cheaply as possible. I'm seeing a scramble for cheap rights on court approval. We don't know the nature of the approval or the amount to be raised at all and if its too punitive holders won't agree. Therefore one can probably correctly assume that it won't be so punitive as to undo 2 years of effort to get the issues sorted. Therefore it will be attractive enough for SHs to participate. You also don't know for example if you'll get offered those shares at a discount compared to the open market and existing SP. I think the headline 20-1 dilution is scarier than it looks personally. Worst thing to do is not take up your rights!!!

New drug eliminates Covid-19 infections in three days, experts say - oh dear.

Last chance??? Haha...this will take years to break even. Good news is cash and no debt. SP should reflect an LT investment not the casino. Until that point this is a bit of a joke stock where SP goes.

No poc sales and scraps from AIHL with a lot of deferred opportunities. Let me tell you and mark my words. The definition of madness is to expect something different from the same circumstance. 1. AIHL will take years to penetrate the global markets. 2. POC was only launched very recently and again will take another 12months+ to target attract and retain high end clients prepared to buy in volume and regularly. Thats how long sales cycles and procurement takes. The sooner the casino mentality fades away and grounded investors stick cash in and forget about it, the better for the business. They won t be inflating the narrative this time around.

The formula for redress has been agreed with rhe FCA and will be managed by PWC. To suggest it may or may not be x p in the pound is depending on variables imagined is just speculative nonsense. Unless you are the PWC Partner working with amigo board and FCA and have the actual model for redress then just shut up and accept that the difference in the schemes is what it says on the tin as sanctioned by a judge to go to vote. Fing load of rubbish 9n this board honestly.

The turnout for the vote will be a single digit % of those that can vote and of those that do they ll put zero thought into it skim read select the higher payput and follow the committee represneting them. This is a non-event.

The results financially will show a loss which is fine as long as the revenue is properly picking up. Not sure that will be the case somehow. AIHL is a bit of shrapnel and will equate to 300k circa max. POC sales needed so good luck if you think anything there has been sold. This is still a few months off so bet the noise will be about commercial negotiations for major orders etc and more delayed gratification.

I couldn t agree more Red St_inky. May go lower in which case best sell and jog on. You are an utter bore.

All the new posters are mug traders trying to guess short term what may or may not happen. Its very dull. Just hold until it gets sorted and top up so you can get lots of cheap rights.