Member Info for GosiaS

Yes, they are plodding forward despite covid and other obstacles. It is interesting to compare both companies and see how they will perform.

Thanks AimForRenewable.

Mark, the problem in this country is that people from young age are not taught to look after their financial future, but instead are given guidance on how to use benefits and be clever in getting free goods or money "because you are entitled to it by your low income". More money and focus is being pumped here into benefits etc then teaching fundamentals about finances, money management, building local/ family businesses, supporting yourself. We are moving to low paid, uneducated, government dependant society that will do whatever is told. Guess who is paying for that...

How suspension of Serba would affect Bion? These are two different legal entities. There is also 80% of other capital involved.

Well, binary thinking in uneducated financially society, where nanny state is expected to resolve personal problems and provide for those less fortunate and those who know how to tap into indefinite river of milk and honey. What you expect? I hope Steve will enjoy his outstanding £0.00 when Amigo goes bust. I hope he also understands that the next lending stop for his broken fridge or pack of beers is around the corner, in a dark alley... Unfortunately FCA won't help him with redress anymore... Or insurance for that matter, when someone will explain to Steve, why redress is not an option and late payment = less pleasant events.

Yeah, and a price on the trade order during first trading hours will be a subject to random lottery numbers driven by white noise...

Rookie, I am not spinning negative vibes, and definitely not counting on the SP going down before consolidation. I am waiting patiently for consolidation to happen first before deciding whether to buy back or not. I am watching with curiosity what will happen next with the price after consolidation.

11.9% of shares going into BoD and their family hands. Not bad if you think of future management of the business. At least power is consolidated in one place.

SmallTrader, the question is what will be the price of the shares if the small percentage of the same shares is sold on the market again (twice)? By this I mean shares consolidated from fractual (not) division by 20 and henced shaved from PIs portfolios. I may buy back but after consolidation, not before. I made one mistake with PMO. This company do not care about PIs, the % is too small to count. Hence I do not see any dividends being declared for another few years. And another consolidation - will this be divided by 20 or 43 or what? Who will pay for it again?

All - thank you for your replies with explanations. Looking forward to keeping these shares and occasional chats on this BB :-)

I think the new price will allow HBR cash nicely on fractional amount of shares, whilst reducing the volume hold by PI. Although proceeds are going to charity of their choice, I think they will benefit from this as well (tax?). As to price after consolidation? It will be interesting to see if the last price will be multiplied by 20. All depends on the market sentiment post consolidation. I sold mine stock here with small loss after merger. I won't buy back until BoD mess with PI. If you want to keep through this event, just make sure your volume is dividable by 20... That's my opinion.

As long as number of shares you hold are multiple of 20, then there should not be much of the difference to the total number of shares you would end up. Otherwise the question is how HBR will deal with fractions? From RNS it's obvious they will trade the fraction on the market and give proceedings to the charity of their choice. So in short you will be potentially donating up to 19 of your shares to someone else pocket. That fractional amount in total will be massive as there are lots of PI here who bought by amount and not by volume dividable by X. So is it worth guys considering opening a charity for scre...d PIs?
Now back to the price. Ordinary share price is by default 0.0001p, but in reality it is 0.2p. the new proposed shares value will be set to 0.002p, which is 100 time less than the current price of 0.2p. So you really need to calculate the market value of a new share using number of new shares and a current cap. There is nothing suggesting in the RNS that this will change or not. I would not be surprised though if a new price would appear 100.x times less than equivalent today and then grew back to a current level. Imagine the how much fractional total will gain in value... No wonder your accountant gave you this advice.

Why on earth these shares are going down? Annual report is due soon, the company is growing and reported good revenue so far. Unless I am wrong and reading RNSes from another company...

Morning All. As long as AC repays the loan rather than giving shares and hence diluting share pool, we should be fine. The most important thing is to get production going strong and fast to sustain the business and allow for a planned growth. Let's hope AC also see us as value shareholders and don't dilute further more.

IMO GJ didn't lie. In order to save the company he needs to fork out extra capital to satisfy FCA demand. This now can only happen by doing 2 things
1. Dilution of shares
2. Resumed trading using AMIGO 2.0 principles to derisk loan s and movingexisting book of business to new T&C on Amigo 2.0 .

I doubt any of the secure lenders would want to see this business sinking and equally none of them will play a good camel Samaritan to contribute to pay claims.

I mean a beginning of a painful path

Just ask taxidermist to add a voice box screaming "Adiós Amigos!"... and "Asta la vista" along with "I'll be back!" played at random. That's how it feels to me right now. I am so gutted such business and so much effort is wasted. I do feel awfully sorry for GJ and his team, especially Amigo's staff and clients. I will recover my losses somewhere else, but for these guys it is just a begging of painful path.

Well, maybe once FCA showcased "who's the daddy here" they will invite BoD to tell them how things will work in their opinion. Then it will be down to secure lenders to either approve this approach or not. BoD will do what is told to do by both. There is nothing else left to plan B apart of appeal. But this will be lost again.

And it will be my last post on this topic, but I would like to congratulate FCA and the Judge. Thanks to you we will be moving into DEBT FREE society pretty much soon, leaving on the street and owning nothing, but hey! Debt free. I would suggest only stronlgy to start looking for a new job soon as someone needs to pay taxes to pay your salaries. And that ain't be those people or companies that went bancrupt. No hens no eggs.

Gruntie, reading your exception from the Judge's report - the existing Customers will pay for it with more aggressive collection strategy and more punishing new T&C. Well done FCA - you really looking into people interest... Well done.