Member Info for FrankyS1971

Fair enough. Its a bit like crocodile dundee or the FCA in this case..you call that a knife?? This is a bl00dy knife mate!-))..I see it as a stepping stone toward the correct solution. They have asked for Amigo to propose another scheme not said that any form of.scheme is unworkable which would be unlawful by the way.

1. Bybrook are not selling out, they have been buying. MIC have been in since the start and they have more to gain from selling to offset the loss against portfolio gains whilst at its lowest. Sure would be nice if another II came in but its not currently investable. 2. The FCA only put on the scare tactics. The judge said that the losses and benefits would have to be weighed up by all stakeholders regarding a restructure. GJ is fighting for ALL stakeholders..its possible the bondholders want to clear out shareholders and i m sure its been discussed to some extent but again, if monies need to be raised for relending, who would put a dime in? Its possible the business gets taken private and that we get stitched up but You have to trust mgt to do whats right. For now the risk is undoubtedly elevated until we hear of what Plan B is but I m expecting shareholders to take a cut not get wiped. This would push the balance of fairness too far in the other direction and is not what the FCA want to achieve. They are looking for a balanced solution that measures the needs of consumers and their protection versus the needs of the economy. If my 10p shares become worth 5p for arguments sake. Then an SOA amd relending will see 30p again albeit end of year. I suspect those who held will get a second bite at a ride up but this was always going to be bumpy. Hope that helps. Only my opinion ultimately l.

Anything is better than nothing but then again not just anything as it turns out. Relax guys. This will get sorted in time.

What changed was the SP going up 400% in 2 months. They didn't like it.

Jeez CMC s.. next 10 years. You have zero knowledge and just sound like a buffoon. Any negative person knows that a Scheme will ringfence this. Just not scheme A. Even the most negative detamper wouldn't say such a farcically stupid thing . Do one.

OF course not...nothing on reuters either just dishing out the same ****e to that fool who is invested in AML

Can't believe my luck. Have another big holding in AML and Reuters just flashed up something about Compliancy Fraud. Ouch.

The only thing that has junk status is what comes out of Yuri's mouth. Absolute c0ck.

Bybrook can see that the bonds need restructuring and are taking a position now. They can sell the equity and convert it into the purchase of distressed bonds funded by the rise in the SP. Nice.

It makes far more commercial sense for the SSN holders to keep the faith rather than pull the plug. The business choice is get a some of the money back or support Amigo back to the market and in 2-3 years time get full value (or much closer to it). If they can see a route back they'll support as they already have done. The dynamic hasn't changed and so neither will the decisioning. IMO.

Perhaps jimmy if you look at the soa as an opening salvo as they try to get us the best deal they can. They are fighting for shareholders and bondholders not just rolling over. Good on em.

Ttibbs thats why mubadala exited thicky. They can take full advantage of the capital gains loss and offset tax on the winners in their portfoliio.

I dont think FCA will talk about relending until the scheme is sorted as they are very belligerant as we know. The upfront pot needs to be boosted significantly and what would help is raising equity against a higher MCAP which comes from the right story. If the FCA would allow the conversation around relending to happen on a proviso basis of raising equity, we could kill two birds with one stone and make it attractive enough to investors.

Mark do you agree MIC having been in for so long, just want to maximise their offset opportunity and deduct the loss from their Portfolio winners for tax purposes? Why now someone asked well, its cos we're at or close to the bottom for this stock otherwise you'd just hold.

HI PaulAnthony - to bring some balance to your bleak prognosis, do you see any positivity with:
1: There is no short or even medium term insolvency issue (likely this is true)
2: GJ and team have effectively been invited to work on a restructure and better Scheme proposal that the FCA can stand behind
I know it'lll be tempting to do a Vicky Pollard yeh but no but. However. These are ultimately positives and so you either believe the Management will eventually turn the business around or not. If you do, then even with a haircut, the business lending into the market is going to be worth multiples of where it is now (even with dilution). If you don't believe then its just a hunch you have based on not a lot. I can accept that a restructure could wipe out the original investors, however you won't find any new investors touching this with a barge pole if that happened so its unlikely that will come to pass. Finally, the loss of capital is now real and the timelines and rewards are likely to be lowered, so it may not be everyones idea of a good punt. I rather suspect we'll see 20p again this year whatever happens and so right now thats a nice 100% rise for those willing to take a risk and put what they can afford to lose into it.

Seasoned investors like Mark...no offence but Mark is an out and out trader who works hard driving lorries. Great guy but not warren buffet. Or...do you mean he likes throwing salt and pepper over himself...?

One last post. Its perfectly plausible that MIC bought at a price point way beyond 20p. I suspect they built a stake at 2 quid plus. Selling up now allows them to offset a big loss against their portfolo winners which will do wonders for the tax bill. Now we are in the new tax year it makes sense to do this now to maximise the offset opportunity. Wheras waiting for a recovery reduces the benefit and they know they wont see the original capital back anyway.

Maybe bybrook build a position. A vote comes for the restructure and they block it. Then they have some distressed debt to go after. No idea.

Not unless they re lending out their shares. There are no huge short positions to suggest.

We can t know what the investment strategy at MIC is. What is more useful to figure out is why bybrook as a distressed debt specialist has taken up the slack to 12% and counting.. whats their angle. Bondholders could demand shareholders get wiped out but Bybrook must know that they can t or won t do that to take the position. There are going to be more twists yet. GJ tried to sumo wrestle the best deal over the line and it fell short. So now we ll take some pain but still with a decent LT upside when sorted IMO.