If you would like to ask our webinar guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund a question please submit them here.
Franky, I wouldn't be so sure. FCA played their cards hard and planted big doubt about genuine and honest approach of BoD regarding swim or sink SOA. Amigo's lawyer couldn't explain well to all why it is sink or swim. And that's damage that will have impact on Amigo regardless of the court decision.
Rest will follow quickly like sharks. What's left will be paid to employees and then creditors. Amigo will be done in less than 1 month. It's beyond my believe that anyone can think otherwise.
If you see your car sinking in the bog, will you sit in it or unload all your belongings quickly?
FCA is here to set the precedence. Customers or investors don't count. FCA is here to protect their own interests and position. We've been shown who's the boss and where is our place. That is such a shame. We can only watch now how another British company is going down the drain. Scavenger CMCs will finish whatever is left...
Question then remains what secured lenders would do if SOA is not agreed and there is no end to what is claimed. I know what I would do and then send big thanks to FCA for helping me getting out of Titanic faster than if it would continue drifting towards abyss
As I can see there will be one massive sell off the shares as soon as trading suspension is lifted. This will floor down the SP to £0.01 or even lower. No one will stay with the business if there is one massive dilution and no business prospect. Who would lend any money for Amigo to trade if they new they investment is treated as another benefit to all creditors? Well, it's another prime example of private money not being so private anymore
I don't like dilution but actually agree with JHFH. This is the lesser evil and hopefully it will bring a much needed stability to SP and the company. IMO in a longer term this SP should prosper and reach respectable levels, so it's an excellent time to get in. Such bold move may also indicate that the company is ready to bloom. Otherwise finding an investor happy to buy off the debt and convert into shares would be impossible.
It's a high price for getting things straight. It is a big dilution, but ultimately it will serve the company and shareholders good in a longer run. No debt, no pressure from the debtor. We will see a big dumps of shares when the good news will arrive and potential dragging down to £1.5. Am I bothered? No, because I will be adding more at good price and the final accounts should also look better now. This is a good path to recovery.
What about Prospectus and those shares mentioned in the RNS? Looks like ZEN is catching up with FCA rules, but I am confused as to how many shares we have now in circulation and what is the total company cap. Are we looking into another SP dilution?