Member Info for FrankyS1971

Blind. The total value from 95% outweighs by far the voters in the room today inc FOS. The maths isn t hard.

Mariog that wont happen...you dont click your fingers and go ooooh rights issue. They are really expensive and time consuming and you wouldn t raise enough with the mcap either to make it work i doubt. Wouldn t make sense.

Hi ISA all good stuff. My view is that the FCA are quite limited in what they do and ultimately its about balance. They can t shackle Amigo too heavily as one of their key principals is to help economic growth. They need a healthy regulated partner so we will be allowed to grow. They will.just need consukling before dividends ever get paid. They must also balance that against protecting customers so they are bound to want more. That customer getting less comp is the whole tenet of an SOA so don t get the premise their over that concern. And if you read the write up.from the last meeting, amigo has actuallly sat down with creditors to test the water, so the level of consultation seems on a level. Key is the 95% support which is a large chip to bargain with. Its clear creditors don t want us going down.

Exactly right Malpenn - had the FCA opposed the scheme to start with Amigo wouldn't have even gone to court knowing they would not get it over the line. Funny how they allowed the vote then...you d almost think the FCA don't want to see Amigo go under...if they did, it would have been easy.

lol Wessley..you are actually not correct. You don't understand the bigger picture pal. The last thing the FCA wants is Amigo to go bust. Did you ask yourself why and come to the logical conclusion?

Argument being they wouldnt have got the talent through the door which is hard to argue against.

Even when the consumer groups bleat on they haven't got a leg to stand on. The judge will want to look at how fair and balanced the representation of the scheme was. Was the information fair and correct etc. the answer is yes so DebtCamel can't now say well its totally unfair and customers are better off in admin. Its not what customers want is it!

Good point re LTIPS

The court aren't stupid and are above the politics that the FCA are subject to. 95% is so overwhelming that I think its rather tough for the FCA to win this and totally block the scheme. They could have done that easily by now and haven't because they need to balance customer fairness with the needs of the economy. They aren't trying to oppose the scheme in its entirety regardless of how the press report it. They want to find the balance that in their eyes is missing. To ask Shareholders to put more in...well how exactly?? diluting the shares to make a scheme better will take until next year to do. Only option is to offer more future money in pot so thats all we're negotiating on. 1000% confident thats where we're at. Chuck another 5% in and the FCA can be seen to have played their role.

hedged - we are at 15% already not 10%

Hi Mark, the SP isn't stable enough to do a raise either is it?? Perhaps bybrook and JPM will clear us out and then buy up the shares of us PI's nice and cheap, refinance and the enjoy the ride thereafter? I won't dismiss it but seems highly disruptive and against what creditors want. 95% YES tells me that most of them didn't have much to complain about and want any money they can lay their hands on cos its free and unexpected.

There's not going to be a fund raise. This would take months and months at great expense to do hence its never been on the table. The business would fold before that ever got the light of day and has been discounted as a route. We'll up the pot to 20% IMO.

Crazy year blocked. Talking such dull nonsense.

The judge will absolutely listen to fca concerns. But of you think the scheme in its entirety will be blocked against the wishes of 95% od customers and putting the company into insolvency then you ve got serious mental health issues. And i mean that. As long as there is a business on the other side of this it will fly. End.

Nice little.tree shake....take out the stop losses...yum

Agreed thaw . 50p by end of june.

This now has a zero % of failure. The FCA state nothing we don t already know. Whats unfair to customers is getting nothing. When it comes to the vote 1. SHOE IN. 2. Not many annoyed customers just lots jumping on the gravy train whi don t have a complaint to start with. Shows what a nonsense it all is.

When 95% vote yes and you improve the scheme further why would you ask them again lol...

Rubbish ATrades so doom and gloom. There might be adjustments thats all.

Aren t*