Member Info for FrankyS1971

Hi ititsagam.that sort of makes sense but its a timing question..if the scheme passes it will be 2023 before the payouts start. Sometime between April and next year you will see restricted lending and FCA approval of the new lending model? I also have a feeling that the FCA will not go to court this time.

MCAP of 12m currently. MCAP of what post sanction?? 35m aside for relending so seems like a minimum. SP would be 7-8p if successful. Might get to 4-5p as process unfolds or zero of course.

Yes Wibi..you should do your own research as yours is falling short!:-) You are assuming with your numbers that the MCAP is static between now and the raise. Once lending gets approved and we start to lend out 35M..well MCAP today is 13M and there you have 35M in assets before even going for a raise of 70M. Further GJ will look to bondholders to raise up to 300M. So. Whats the MCAP? I'd suggest conservatively at least X3 of todays value and then X20 on the raise. If you take up your share offer you will own the same amount in Amigo just a much bigger pie. I see 5-6p on approval and more like 10p as we start to relend. All guesswork until we know the amount to be raised and the number of shares offered to existing holders etc. This is a top-draw job and if you take up your rights, you'll be ok. I think anything over 20p could be a good 3-4 years away. 10p - maybe 1-2 years.

It'll get through the court. Just may not mean much to us.

LTHcine - this was 1 of 8 or so possible solutions the customer committee was offered and they rejected it.

Hi Guesty - the reason the CFO left, is highly likely because he doesn't have the skills for doing such a raise and working with the city. This is not something all CFO's by right have experience of and its quite a complex and expensive process as well.

I suspect there are other CFO's better suited to the job.

The reason our Gary made the announcement when he did was because demand for stock was high and we know this because retail investors bought 10% of the business off Bybrook. With Bybrook out the way, this was going to very clearly fly. I'd call this a fairly mean intervention, but for those wondering "why now" that's the answer. This will still rise into the court sanctioning and by the time the raise comes long we'll be 5-6p again. If you don't participate in the raise, then you'll be in for a long wait. Don't forget the LTIP is set at 40p - now we also know the reason why it was set so low!!!

Is Gary going to be like McNulty from the Wire..."what the f'k did i do?"...:-)

How can they coomit to an equity raise without shareholders agreeing to it in advance. They can t qs no details possible. I see a share suspension coming.

I had my worst case at 70% Mark. Am under 10p so thought 3p shares would be 20-25p in 12-18 months. Naive or what. Disgusting how mgt past present or otherwise remain approved people by FCA. Literall only the sharehodlders are mugged off as though its ok cos thats the risk. If you don t have a pension for the IIs to cream off your life long they ll fck you the other way so it would appear!-)!

Shareholder Group needs to mobilise the AGM and get press along so we can shame the FCA for allowing th3 model allowing past mgt to set up as CMCs tonmake money off their mess. Rule changing and enabling false claims etc. I d prefer to forgo my money and call this out in public. Worth it for the shrapnel left.

I'm not in this one just yet but looking to join the fray. Even I object to the likes of Lloyd who is framing his emails like a malodorous little pr'ck. I wish all holders make an absolute bundle on this. Its a casino stock and not fun to get it wrong. GL to all.

10p

A lot of panic. 19/1 dilution but it gives you buying power of new stock. + sp is not based on a fully funded and fully firing Amigo which will have an mcap at multiples of todays value. Wolfgangs lakeside party looks like its more likely to be entertaining a few floaters.

Great timing. bybrook to gary...don t say anything until we sell our shares mate..ok we ll hold back until you re done...

Not invested but followed the story. 7 employees in a business founded less than 5 years ago based on something that has unproven value. Good luck.

Hi HH - i think the poor representation was likely owing to the FCA objecting and turning up. Those of us that sadly didn t get out thought it was probably theater but that wasn t so. I don t think GJ and dicker rip would have scored any useful points putting their regulators nose out of joint in a fight, hence the weak showing. Whether the restructure goes deep enough now depends a lot on the mcap. The raise versus todays SP is unworkable so we know the SP will rise once administration is staved off. We could have suggested the raise be based on the MCAP figure as a percentage but the committee wanted certainty. I think its probably now more balanced. We do know that 1 of 2 roadblocks is sorted. The committee actively got a choice and negotiated a deal. 2. Is the restructure aggressive enough. Hard to say as i agree somewhat with debtcamel that much of the money is recycling the consumer payments and not so much from the restructure. I d say this is still finely balanced IMHO but there is still time for the FCA to wade in and make demands though it ll be for a few more pips at best. Anon - if the shares suffer a massive dilution then they ll rerate anyway. I think its about holding on to these for the long term. 50p+ in 2-3 years.

I hear you Anon. not part of Twitterati but interesting the whole group think the SP wasn't the problem!!! I don't need to be part of a Group Think Experiment as I'm very sure the SP was a major issue, hence the FCA stepping in late on and declaring there was clearly more equity in the business by explicitly pointing at the SP rise!!!! it may have been a bit of theater and a useful tool for them to back up the overall unfairness of the scheme not the overall reason for objection but it wasn't helpful. This time around if the SP shoots up again, the FCA will declare that the restructure isn't aggressive enough and that 15m from the raise should be higher. At that point the judge will support the favoured scheme but order the FCA and Amigo to go away and negotiate and come back in two weeks type fair. This is the moment, when the fine, better sight of the dilution and return to lending will all get agreed and sanctioned. My hunches are pretty good by the way.

That's all logical apart from one thing. The rising share price damaged the process last time unequivocally. There is no way that will be allowed so expect fairly bleak rhetoric from GJ. In many ways he already started with "many many months" and "complex" and "we're still under investigation" etc.. I think that may temper the rise. Either way if it passes and the FCA put this to bed, regardless of the material dilution, I still think you'll see 30p again but just after the sanctioning this time. Indeed I want to get the calculator out as you can work out the MCAP on lending volumes earmarked etc. Even before the raise I think it'll be 4-5 higher than todays SP suggests. Lets see what happens as traders are bound to ratchet this up. PS I reported King Jong. Sad he's vanished. Not.

On a succesful scheme and material dilution you re talking about an Mcap at least 3 times higher. Give it 2 years and this will be 50-60p. What an entry point.