Member Info for FrankyS1971

Correct LTH. Its not for the court to summise that there is a better scheme out there. Only the one put forward and that it was communicated fairly and the process was lawful.

It is not the courts place to decide on whether there is a better scheme available only on the scheme put forward and that it passes the fairness test by which the creditors have understood and not been unfairly cooreced into accepting it.

They ve been working in tandem which was clear from those first few RNSs..its exciting times to have them involved and I guess thats why we re at 25p ultimately!!!

We ll never realistically fathom it out and not sure if i t ll help to make a buy / sell decision. We know short term there s only one show in town.

I m not seeing the conspiracy theory that shafts us Mark. We have shares, they have shares. On the same side for now.

Bybrook LLP will swap equities for bonds. They can buy distressed bondholders out who are sat on a big loss and would likely want to exit as soon as for a reasonable cut price offer. We have to pay bondholders back i think in a year or so and we won t be in a position to do so. Hence Bybrook will be very well positioned to buy them out and make a tidy LT profit.

In an alternate universe:
GJ and mgt bought shares in a business that sadly failed in the end.
A couple of senior risk folk joined in the hope of turning the business around but they misjudged
Then two major IIs began stake building putting millions of client money into a failed short term project .
The FCA despite defending customers forced them to take no compensation so as to put Amigo out of business.
The Legal partners freshfields were unable to deliver and lost millions through not securing a successful conclusion to the SOA.
The judge despite 95% of creditors stating what they wanted, decided it would be just to see Amigo go insolvent and customers get nothing.
Hmmm some alternate universe. I hope when stated like that people understand this is a ludicrous scenario and very unlikely.

Any initial offer were it to come would be 40-50p range. Doesnt mean GJ would accept it.

I have called most things right so here a bold one. Gj and FCA have already done a deal and an announcement will land before the sanction hearing.

The problem LI is you won t get to jump back in as there won t be any available stock. Hence you should hold on to your golden tickets. Just my adivce.

Bybrook are going to refinance the business so it can start relending and to raise the cash will do an equity dilution. I assume their large chunk of voting rights as long as its fair, would get PIs behind it to support the LT growth. At that point the traders will leave the party and investors will stay in. Maybe 35p shares will be worth 25p thereafter until we grow the book.

How this will shake down..1. FCA is concerned that creditors are not getting a fair deal and oppose scheme in its current form. Judge response no credible alternative has been offered. Insolvency alternative will be even more unjust. 2. Creditors didn t get a say in the formation of scheme. Judge will say that there is no legal obligation to do so and that the backing of it suggests they were listened to. Finally any such suggestion that a fund raise is required or something substantive of that nature won t happen as the decision is on the 19th and thats period. Not a maybe but lets see if we can get the pot up. Nonsense. Likely outcome. Negotiations before hand and a compromise with RNS early next week or an approval.of scheme in its current form. Judge will save the FCA from themeselves who are being counter productive and so will probably cede before the date IMO.

Quite Mark..my way of pointing to prolees cr4p talking 5p to 20p in a week which we know has never happened. Can we all filter this goofball.

No need to answer as you re filtered.

Can you pleae point to the week when amigo went up 400% please prolee. It eacapes me.

Its going to end with you making a continued embarrassment of yourself. AmateurLee. Nothing Pro here just a silly lad.

Holy hell. I gave up tryong to add up. Circa 25-30m shares bought. Like 2-3% of firm bought?!?!

Isa. 1 quid is feasible by end of year q1 2022..i can t imagine you think that would be a ramp? I see 50p by end of june and then some volatility but a flat line for a few months as traders slowly get replaced with LT holders. The Scheme as i have said is a SHOE IN regardless of the noise.

This person is not very bright.

Its 95% of whatever number you want choose between 15m and 35m. + unknown 15% profit. For FOS to vote and bring the 95% below 75%. 20% of 77000 odd..15000 claimants total need to outweigh whats owed to FOS. I m confident it does. The FOS is seperate to FCA of course and will vote yes anyway. We have a few hundred cases open not thousands with them having shelled out up until Dec 2020. At 650 a pop versus say 150 paid to claimants we d need 5000 open cases. Not even close.