Member Info for FrankyS1971

They have very clearly stated that there will be a fundraise to get relending and recapitalise. This isn t cheap or an overnight job. There won t be 2 fundraises clearly. Who is going to put capital in to pay straight back out to creditors?? Use your loaf.

giving the FCA what they want which is full redress is not possible and i imagine the FCA won t explicitly say what they ll accept or indeed what their minimum requirement is as an alternative. Its on us to propose the best deal and prove it in court based on options presented to customers and what we can negotiate with a range of financiers. I expect no favours support or help from the FCA based on all known behaviours. They don t want us to go back to lending free of our liabilities. Thats just a fact. How we manage to survive i have no idea and mgt have made an utter pigs ear of it. That said i m holding so gut instinct is we ll see better days but in context of the above nothing is for definite.

Well we can infer it to an extent. The court hearing explicitly stated we needed to raise funds after the scheme to relend and the FCA have demanded we restructure and raise funds beforehand to pay claimants. They won t discuss relending until the scheme is done and now we re fudging the books to break the empasse. That's how i see it. Doesn t mean its right but an educated guess.

Radika. The anwer is simply that the FCA want a restructure and with it a major dilution. We want to raise funds for the relending start NOT to give away to creditors. The FCA won t sanction relending until the SOA2 is done so what we have is a stand off. And so it goes on. It may be that the FCA refuse to budge.

Of course Amigo is on the brink where its been for 1yr+. To relend we need to recapitalise and there will be a fund raise at that point after the soa2.0 is done.. GJ has already stated that we can t change the amount going into SOA 2.0 but that it might be possible to change the timing. As we know the financials will show what they need to as audit ruless actually provide for a lot of flexibility. This is all about brinkmanship and agreeing the best deal possible. I am inclined to beleive that all the hiring, product design lawyers and fca conversations has been for a reason and a positive conclusion will happen. Granted our haircut may be significant but on relending we d rerate quick enough. Too much demand out there.

Still big shiny and empty then. No recovery until higher interest rates appear. But thats good for the whole sector. Strategically Metro will always have the most enormous millstone around its neck compared to agile digital banks. Sometimes its better to think big picture. Take an 80% loss or whatever it is and stick into something else as it'll recover faster than this crock of sh*t.

When you see the restructure and the price of rectifying customer redress the SP may go up or down. No one knows. You could aee 16p or 4p. It is unkown. LT it ll work out though.

There will be contractual SLA s and covenants to protect against that dummy. As a commercial manager these are basic tenants in a distribution agreement i can assure you.

Anythings possible Stevie but i m not so sure as we have to take our medicine and wait for the business to start up. Then maybe a q1 and q2..by then 30p+ for sure.

Quick skim read. No lending until SOA2 doesn t sound too wonderful. So no fund raise to cover both by the looks. Therefore the restructure and inevitable dilution could be deeper to raise funds. I m therefore unconvinced that such a mechanism will be used making the restructure rather difficult to call. We could get a huge kicking as we know SHlders will take the brunt. I m still inclined toward this getting palatably fixed over the rest of the year. And then a recovery into next. Even after dilution will we see 30p again. I imagine yes but it might be 12 months.

IMO the exec team are doing an excellent job. The success of the business is all about scalability. The heavy lifting in process with the building blocks to scale up fast might be boring to investors but its critical and will put GDR on an excellent footing.

Well...they already stated that investors shouldn t look a the mask for sales and that they re looking at lots of different applications for the technology. Dr cave is popping with ideas...ooh its so exciting working with him..there s amazing ideas every day....it hard to keep up...jolly hockeysticks....more ginger beer anyone??.. Well who in their right mind would give a FUdge?? You need products markets sales channels and a whole corporate machine to convert this into a business with a future. Now. They failed to do that with a mask in a pandemic so erm....id give them a bats hell of a chance going anywhere with that management team. You re just funding one big vanity project. Sorry but thats the truth of it. They ll make a big splash about some new opportunity in agribusiness that needs a fund raise and you ll all get bullsh444rd into the n3xt circus.

Thats plain daft. On relending the Sp will re -rate anyway
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Thaw - We were always getting a SOA2.0 but we don't know the cost and that's the problem. We may take an almighty short term hit and be left to build from a much lower base. Its hard to call. This isn't what I think but what I fear so I'm prepared for the worst case as it just means the multi-bag is years not months..as it should be.

"A bit of a hit"? Honestly. As a LTH i m anticipating my 10p shares are going to be worth 3p.. it might therefore be this time next year before i see 18-20p. What i do find crazy is that the FCA don t get involved in negotiating schemes. Its not their mandate. Yet they are busy ensuring shareholders get shafted on the premise that any meaningful equity will be unfair on claimants. I do think we ll be aghast at how bad this will get in terms of whatvthe FCA demand....hey..but they don t negotiate honest lol...But. Take a 3 year horizon and even in this fairly ****ty moment things will eventually come good.

Thats my guess.. a low Mcap and SP to make it look like a premium when they make an offer (whoever they is). If I get my 76p per share back that'll have to do. Frickin rip off at that level.

I agree RS but at what price to current shareholders? I still believe that both a fairer scheme and also funds for future lending will happen at the same time, so that the fund raise covers both, as this would be the only way to achieve a meaningful way forward. I'm sure this is one option discussed. If the FCA want to wipe out existing shareholders as the price to continue the business, then its clearly unworkable as no one would trust Amigo or the FCA given all the issues shortly after the IPO. No investor would put fresh cash down for the FCA to then move the goalposts again. They can Foff on that one!

No HH..still holding...

This board are proving themselves to be charlies. We ll see if there is redemption and in what form but SoA1.0 not passing is a massive error of judgement. Easier to point at FCA and politics and to lay blame there but i don t think we were even close to appeasing them first time around. With the benefit of hindsight we would have been better off in a judicial review. Had we failed we would have still been looking at an soa regardless. Whole point was to expedite a return to lending by working with FCA and not only has it not worked but we ve accepted liability for a load of erroneous claims. Truth is GJ has a lot to do to resotre faith in his leadership and direction.

trading v investing so different views Guy. You'll never get exactly the best entry point. Holding through days like todays usually bears fruit over time. You sound emotional to be so vociferous TBH.