Member Info for FrankyS1971

If I was going to choose a name for a dumpy ugly blonde middle aged bint it would be either a Sara Williams or a Debbie Evans.

In terms of the 75% of value. The beauty of this scheme is that past customers who have paid carry the most weight as the logic is that if they paid the most back they have the largest redress. Unlike existing customers who have more to shout about but haven't paid the full debt back. So past customers get more weight in their vote BUT when it comes to the actual claims the reject level will go sky high because by definition they paid the full amount back and are more likely to have afforded it. Therefore, we get these votes which if weighted, carry more power AND most of their claims will fail! Pretty awesome.

All those past customers are not going to read through reams of sh7t on debt camel. They are canvassed amd approached and directed to the scheme portal to vote yes. They re notvon debt and dont give a f6ck about DC. SHOE IN.

Getiting the swing going is a painful process after lockdown isn t it GG!!

I fancy a new car but cashing in any shares now feels like paying a huge premium on the car from lost capital gains with Amigo. Oh well patience is the game then.

Just a question from the uninitiated - if global regulators start to put the boot into miners owing to the environmental impact that we are hearing about, which sooner or later I would think is a given, is this not a vulnerabilty for holding LT in this?

This isnt worth the paper its written on in fact, its pure plagiairsm from a similar "article" a day or two ago. These idiots calling themselves experts! Sheesh.

The client is bybrook

Sorry Arb is a pain Mark..i imagine that will turn. I d deffo stick a.wedge into Amigo. Its not 6p but frankly LT at below 20p its still a multi bagger!!

I hope you stopped buying the dips on ARB Mark...its got more dips than an Indian Buffet

Excatly Mark..i'm not seeing any vote unless there needs to be an equity dilution to raise funds so we can relend...

If it was a no vote then the SP crashes Bybrook can step in and buy cheap shares back at 3-4p and then restructure the debt take over the business etc etc. So why not just wait and why buy now? That doesn't add up. Further, any debt raising is expensive and takes quite a while which is not an option as Amigo and the bondholders don't have the time to do a debt raise without a scheme in place. Maybe they're literall just holding this long term for their fund management side and thats it. Nothing to see beyond.

I think its quite clear with the same amount announced on the same day and when you look at the voting rights of each, its clear JPM is buying for Bybrook and as I say they are real specialists in what they do..its just working out the strategy and how it might affect us smaller holders. I'm sure they want what we have for as cheap as possible. OR what the bond holders have. Or both?!?!

Kie - Quite a few typos but think I followed. Bybrook is the real buyer, JPM are the primer broker and provide the swap instrument. at 16% they are stake building to take advantage of the distressed debt we have with the bond holders. Something like that!

Its important to look at Bybrook and the specific nature of the beast, so maybe to refinance Amigo 2.0 and get back to relending there will be a debt for equity swap. This is making sense so kind of thinking out loud as I type... It may well be that the amount of lending is limited until we are refinanced and that us shareholders have to bite the bullet longer term to see the £1+ gains. If our income is going into the complaints pot, the money to relend has to come from somewhere.

Haha Mark! The thing I don't get is that Bybrook look to buy distressed debt namely bonds. They buy it below par, take control of the firm and then refinance it for a tidy profit. So why buy equity?? Perhaps if there is some sort of vote further down the line with a debt for equity swap needed, they have voting power to push this through and can take control of the company that way?

Sorry Mark apologies...just seen your other email. Jumpy on the trigger,. hope alls good with you.

I think Mark knows better than to point to anything from a Motley Fool article? PS Bybrook is using JPM as its Prime Brokerage so now hold 16%+ in Amigo. They are specialists in buying up bonds ahead of debt-for-equity swaps and also specialists at short selling. Not sure therefore how they will plan to profiteer from this but our debts need paying back mid-term and I guess they also have more stock to lend. Something to watch!

Quite LTL--not the most amazing strategy and feel sorry for any mugs that actually buy it!

How funny those Motley Fool reports are ..toilet paper. Why do they even bother? Its beyond daft! lol