Member Info for FrankyS1971

I'l be playing this when it hits single figures and only for a small 10K bet with the LT in mind. Patience.

I'm just looking forward to the day when after all his hard work Amigo is saved and given a 2nd chance with its wings severly clipped and then the Shareholders tell him to do one! If Shareholders vote this down then what? Wind down and creditors get less compensation which I'm totally up for!!:-))...or does Gary then run to the FCA to get a more realistic dilution but with the same amount raised for creditors? Really makes zero sense as it stands and that's why the FD walked not because of some options. The horrid truth we have to face is that Gary has made a total and utter pigs ear of this. Had he done some of this originally ie. scrapping scheme and diluting the holders down by say 5:1 and offering a sensible amount it would have passed first time. Instead with the benefit of hindsight this was at the extreme end the first time in favour of shareholders and now its lurched entirely the other way to the benefit of creditors many of whom are playing the game. The FCA are there to balance the protection of creditors with the needs of the wider economy but actually thats also a mirage by the looks. Fk voting for this as it stands. I'll never allow the city to swoop in and benefit off my back, they can go find another vehicle.

Well funded??? There is a total mismatch between the long term BD process the business has to go through and relatively short term funding. Moreover the business could not inspire investors to fund the full ask so there is no cash for further product development. This is not well funded just has a window of opportunity that is shrinking.

The news of of zero sales is already very loud and clear IMO.

I always think a good way to manage a business is to develop a product with F all clue on how to monetise it. On aim all you need to do is dangle some titbits and string it out until the cash runs out. Good CEO's can manifest a good story and get more funding to carry on the charade for a bit longer. Its called Rope a Dope. They seem to be invested in Syme, ODX, Genedrive, Synairgen, you name it....people love buying in to a story even when there is not one fundamental scrap of evidence to back it up. I reckon you ll find 50+ firms like this for every 1 winner. Good luck.

This cat is bouncing harder than Kurt Zoumas pet.

Not sure you got swindled..this is AIM and full of mgt teams talking sh"t to milk the money out of shareholders. Aim is a mugs game.

I'd be far more mindful that Budd has very little stock in his own business. I haven't seen him buy in or II's topping up. Hardly compelling stuff. the LTA was always single digits for this stock

Amigo is looking to raise 300M not 15M. That just the part for the creditors. It is entirely plausible that the raise happens at 15p+ why? well 1. if say the raise was at a fraction of a penny, all the existing stakeholders could likely afford to take up their options leaving a business 100% owned by Retail Investors. That isn't going to happen as its no good for the stability and diversity of the investment capital. It would be mad having billions of shares swimming around in the market.. 2. At a higher price, its entirely feasible that you might only afford to take up 5 of your 20 available options, the rest being bought up by II's and new investors at the higher price. Bear in mind that an approved model with new products and a fully funded business will no past liabilities, will have an MCAP worth vastly more than what it is worth now. In other words, no one knows f all about the raise and how it will work. What we do know is that an approved scheme 1. and avoiding insolvency will see this go much further north than where it is now.

I don't agree with the UK comment. You now have to buy your own test kit and say care homes and everything already mentioned can't afford to have a nasty virus going around. Today's news is nothing of any significance just more partnerships and I don't plan on getting spiked on nothing. The only thing that matters is Sales and I expect the SP to drift back down which short term is a good thing. It creates pressure on management to perform, so they'll certainly be feeling the heat on the dips if not constantly. Until we know what the uptake looks like for POC, its a pure gamble as they need to sell quite a but to plug the revenue hole until AIHL takes root. A few sales won't cut it.

Nothing changes until firm avoids insolvency. Might go on a ride in 2nd half of year if it does. Personally don t see it flying up before hand at all. But thats the intention of mgt and best in the long run.

It is no coincidence the FCA changed tack soon after Amigo floated. Same way they didnt like the SP flying up last year. If a business in this space starts making big profit they see it as a sign that the strategy is too agressive and there must be customer detriment. No one complained against Amigo until they were told they could and should. There are some v grey areas which is why i would rather lose my stake than agree on mass dilution somehow vinsicating the same cycle again. Nothing has and will change so just vis the FCA approve the new lending model means f all andbi don t support it.

Didn t get past the 2nd parag. of Mikes email as its simply wrong. Credit Unions will lend typically 8-12% on up to 10k depending on their coverage. Hackney CU eg. The issue is that they can only cover around 20% of sub prime which is higher than it was thx to FCA pushing them to step up. Still leaves 200-250k unserviced and growing. These are the ones to pick off like a sea lion on an ice flo being circled by a pack of killer amigo whales. If Amigo doesn t come good i ll be down the estates direct to give the pond life give me free money scum a proper service.

Thankfully i blocked Jimmy as he s an utter bore and never wanted to understand the fundamentals. Namely i don t give a flying fk about creditors and want to make a lot of money from gambling on risky stocks ideally at the expense of council estate pond life. Here s to Amigo 2.0..lets drive the scum inro the ground with exorbitant loans second time around and get some juicey dividends on tap. Jimmy can go back to bashing one out to Martin Lewis and moneysupermarket.com instead of bleating on here the same thing repeatedly.

I have bought an ice-cream van. Budd, I know you read this board and I'm offering to drive around the estates in Birmingham and Leeds to sell the POC kit. FAST. All i need is you to select the music. My horn can either play the Ride of the Valkyries or Pop goes the Weasel. Your choice Budd I'm here to help.

AIHL 3-5 year journey. Year 1 Sales 250-350K. POC sales is crucial to plug the gap.

IK - I get your drift but we've covered this one and its about the lifetime cost of the loan. A rolling CC bill of 1K may be substantially lower than 50% over 5 years for example and when you wrap in affordability and the sector of society these products are aimed at you'll see the headline numbers don't tell the story.

Stop scaremongering Jimi you ramping troll. Peoples lives matter more than your investment FFS.

(I am joking lol)

No point crying over bridges of milk.

CB1977 - Budd has communicated - He was very clear that the company was positioned to deliver "long term" growth. When the SP spikes up and down 300%, I think its pretty clear that he'll be uber careful not to share anything he doen't have to. the sooner this stock behaves for the LT the better as its a distraction and undermimes the stability of the team. You'll get news next month which is what he has always stated. Budd doesn't give a toss about what the SP does from one day to the next and rightly so.