Member Info for FrankyS1971

Zero chance of paying complaints in full regardless of fund raise..we have to pay back multi £££ to senior note holders in 2 years also. The window to get through it is now as we cant afford more setbacks/delays.

Exactly Mouse! Almost Like they throw money about for a laugh
Give over! Lol

I ve held Mark since last year. In a vid back in October GJ mentioned the word "ringfence" and i started researching SOAs and how they run. The big danger was a dilution but thats too timely and expensive so bondholders are the ones taking the pain. Thank Goodness as that bit i wasn t sure about. Despite banging on about SOAs back in December no one was interested to talk about it on here ut it was clearly the direction of travel. I would say GJ was well aware of this from Day 1 as once the CMCs get their hooks there is only ever one outcome. So in brief, nothing has been left to chance. You have missed on vital thing. Not only do past customers get a letter with an offer of jam today but in the future which they didnt even ask for, but crucially, existing customers get a balance redress. There is a null chance of 25% of customers mobilising themselves to vote this down. You have had a team of people canvassing for votes for a starter!! This is a done deal and the rest is a political charade. Finally, I heard some idiot going on about JPM not caring if they lose money but PIs would feel the pain hugely and that we ought to wait for certainty. Well. JPM have a room full of people discussing investments their criteria the strategy and why and what qualifies for a 2.5m investment. So if the experts are wrong ao be it but those paid professionals have jobs reputations and bonuses on the line so you bet yer ahole this has been scrutinised. Enough said.

Always happy reading up seamus. Thx!

Its a firm called innovaderma. They have various products most of which are loss making but one of them called Skinny Tan is very profitable and being epxanded overseas. New CEO who i think will rationalise the product line. Then you have Covid weighing on them which will hopefully go...finally i note they had a cheeky offer at 44p which the CEO outright rejected and they are now 40p. Give it 6-12 months and will be a good return.

I have another good one with a 1 year time horizon and i reckon there will be a 50-100% ride but doesn t come close to Amigo.

No and i think we can agree that Amigo will keep wrong footing us IMO.

Hi Seamus..i think that it will go down further and then start getting traded back up at least possibly more than once before the court date. Feels ripe for traders. Personally will ignore and hold as getting it wrong will make it hard to buy a meaningful holding if say an important RNS lands.

Its always tempting to sell but if you time it wrong you wont get any volume of shares available to buy and you ll suddenly lose out when this takes off. Not worth the risk so sit tight. You ll see 30p by mid April.

All I know is that if I try to sell a few 000s of shares, when the time comes buying them back will be dead hard so I'd rather hold on to my golden tickets. I 100% guarantee this board will have folk moaning about how they couldn't buy when they go up etc.

I don't think so...they will try to exhaust holders and drop it back to 9-10p. then it'll suddenly double.

10 points to Hufflepuff for that one.

Paddington or Kings Cross both offer world class platforms and are a good place to start.

Sorry Mark, not jumping down your throat! Its good to come up with some theories to help think stuff through! My sense is that this isn't too cloak and dagger. I think it would be really hard for GJ to walk back all the noise about shareholders and the empathy he has shown, to then shaft us like so may shyster CEO's do. I don't think its his game and things are way too sensitive to start corporate activity up like that. The small leadership team won't have the bandwidth either to go down this route with everything else going down. Maybe later in year or into next is viable for a buy-out.

So Amigo 2.0 gets sets up as a separate business and relists via IPO - just like that??:-:::::-))). Don't make me laugh! Mark - It takes months to get an FCA licence approved and if they were seeking it they would have to state it publicly. Further, you don't click your fingers and IPO. That takes months to organise. Come on please. If you want to believe that an offer would be at 20.9p as well??? Did you wake up on wrong side of bed ,or bang it somehow??:-) GJ is not about to pull the rug from under the investors feet or agree to a pathetic low offer. Trust.

Hi Mark - I suspect JPM are still buying in the background whilst PI's get spooked out of their holding. I would be very dissappointed if Amigo was taken private anytime soon! As we won't get even close to true value. This would seem very possible . That said, any proposed sell shouldn't happen overnight but after we have started relending? if we sold for 30p I'd be fuming! I highly suspect that we will get a low ball offer though!

Dont misunderstand the RNS. Its not the 0.01% sell to take away. They have transferred ownership into physical shares, i.e. voting rights.

Nice way to look at this. There are no shorts in play so no one thinking the vote is a strong possible no. Yet major buyers. Balance of probabilities therefore is mutli-bags. Doesn t feel like a binary 50/50 bet anymore.

Then i stand corrected!!!!! Soz...

Know they can t vote up until 10th May. The vote will be held by mid- april. Then the court will simply sanction what the various parties will request which is for the SOA to be agreed. Provided the FCA support the scheme at end of march the rest is a shoe in.