Member Info for FrankyS1971

Si39..I can literally guarantee that's why GJ did it. I don't think its so much to do with value as that is always a subjective view, but what is does do is show that you can't accurately value Amigo and that makes equity raising a non-starter. There has to be stability and certainty to fix that and the FCA need to climb down. They have overplayed their hand.

Don't listen to anyone on the BB?...well... that's your advice out the window LondonInvestor:-)). Listen to everyone and make a decision and back yourself IMO. That's not ramping its just a strong assertion that may or may not be proved right but one that I hold. And so.... GJ is playing a blinder knowing the SP would tank which takes the whole argument off the table around some form of equity raise amidst this volatility. It also weakens every other argument the FCA have made as a basic understanding of the market makes todays movement very predictable, which really undermines their overall credibility and judgement. Lets look at the FCA asks once more. Equity Raise = Off the table. 2 Amigo is the fastest riser on the market this year, Shareholders are enriching themselves. Really?? Not now. 3. Amigo won't go into administration if the SOA is rejected. Well the market signals now suggest otherwise. Conclusion. Anyone who thinks the SP movement is irrelevant is a madman. If it didn't matter the suspension wouldn't have been lifted for this influence to play out. It clearly is a strategic and therefore important move as sentiment matters. Finally, the whole argument around a new SOA and there being time to thrash another deal is is clearly going to get dismissed. The cost and time to go around the houses would bring us to the same point. A slightly better deal with insolvency as the alternative. Cool heads will see that sweetening THIS deal is the way forward. As I like a rant and blathering on and annoying folk..I believe that this hiatus will last for at least a week. 1. FCA are in a political storm and want to keep playing the strongman.2. A Mexican stand-off will send the SP down. The longer this goes on the more GJ wins the argument. He is the one with the loaded gun here. The judge will eventually intervene but likely to drag his heels IMO.

Mms will take out stop losses early doors down to 10p probs..the suspension may not have been lifted just yet anyway..its a request.

indulge me..but as a further after thought....the FCA are pushing for an equity raise and there may well be a hiatus so the judge could sit on his hands for a good week or so..in the absence of an agreement the SP will definitely tank and I'd welcome it for once as it will take the equity raise off the table!! Surely thats for the best.

My immediate reaction is that the management want to see the sell off happen to demonstrate that in actual fact there is not enough value in an equity raise. I will personally hold but can see this being 12-13p pretty quickly. Very smart move by management. Have been out all day so apologies if this is already discussed.

Wow this charlie s reeled you in big time

Huh??LI? Are you being obtrusive me thinks?? THE 180M cash is not our money. It's bondholders money. If we don't sort out a way forward they will recall that cash ahead of creditors. This is really basic and tells me you re not here to be informed or help a decent conversation just to be a total w'nker. Tell me thats wrong somehow?

The BOD won t agree to wiping us out. I think vinson et al would start legal action! I wonder what he thinks.

But they only voted yes under the auspices of the alternative being insolvency. If thats not on the table the vote is argued to be false. We can t offer a bleedin menu and any new scheme or vote would bring up the same dynamic so it ll pass. If its clear to me it ll certainly be ckear to the judge. 20% and extra cash up front ordered. They can do 1 fundraise for both future growth and a top up into the pot.

Trust the judge. A new deal solves nothing. The alternative to a new deal is insolvency and there is a very obvious time/cost benefit to creditors for expediting this now. Judge will put conditions down before passing to sweeten deal.

I think the odds are that a business will exist.on the other side of all this which still makes a minimum of 30p highly.likely even after a raise. The pound + brigade may be waiting for a good year.

The Shoe In was the vote to be fair not rhe scheme which was overcast as we now know by the FCA u turn. I still believe it will pass for what its worth.

Correct Senator..regardless of HOW fair versus alternates that may or may not exist he has to judge on this scheme and this scheme only. The only rationale for turning this down is to believe beyond reasonable doubt that the BOD are lying about insolvency. If on balance he believes it could be a possibility as advised then there is only one thing he can do regardless of how much he dislikes it.

Its bizarre how everyone is looking at this. No right minded judge is going to risk creditors getting nothing based on a scheme that doesn t exist.

Shaggers you re talking ******k. How has the court process somehow validated you re opinion or where this business is in 12 months?

Off you go with the bullets then mind the ramp..thx for volunteering.

When it comes down to it the judge to vote no would have to do so on the premise that he thinks there is no insolvency. Moreover an envisaged and renegotiated alternative in the future would have the same dynamic. This scheme or insolvency...it doesnt solve much. No judge would gamble on the insolvency narrative being untrue unless glaringly.clear that its a falsehood.

What scrutiny? the FCA are putting that argument forward but did you forget the bit about Amigo bondolders calling their cash back in and effectively talking us into admin?? No i didn't think so..looks like you only have goldfish length memory.

Jeez what is WRONG with folk. Its the FCA s turn so suddenly its like everything they say is verbatim where this all lands. Get a grip people.

Many have called that this will be a move to 20% of future profit. This will get settled today (or certainly in next week) Why? Because the alternative case for another scheme jeopardises creditors recieving anything and on a balance of probabilities there might be an alternative and better scheme to offer but if there isn't and shareholders don't back it, then the real danger is insolvency. If there is no need to rewrite the whole saga then there is no need to delay a decision and the facts are on the table. No rational judge will gamble the creditors redress on a future alternate scheme that may or may not come into existence.