Member Info for GosiaS

Debt management agencies is another one that springs to my mind. From lovely wikipedia "the most typical outcome is that an insolvent company's assets are sold as a going concern to a new buyer, which can often include the former management: but free from creditors' claims and potentially with many job losses.". Here you go - book of business sold with no right to complain. What a great option it is...

Short sellers for sure, competitors for sure. But what about existing customers? What will happen to them?

Everyone talks about share price, staff, FOS, those loosing redress in case AMIGO do goes bust.
A fair question then - what will happen to all existing AMIGO customers who still have outstanding balances to pay? Would this impact them negatively? Should AMIGO go bust, would they be released from the obligation to pay the administrator back? Or will this book of business be sold or taken over by Government as they did with the mortgages when Northen Rock collapsed? Are we facing another nationalisation of the financial institutions/companies?
And even more interesting question - where does it leaves other lenders and society in need of cash? Who will lend to whom and under what conditions?
Whilst borrowing is not the answer to the way of living, it does help in short term during certain circumstances. AMIGO's example will not be forgoten and will result with majority of cash strapped families reaching to less regulated market and selling their valuable possessions to pay for food... Is that a plan all the way long?

This 20% is the venture capital who incorporated OCTP.

Unless they will get patents and go prescription path, which I believe is a plan. This is a highly potent medicinal herb, that's received a lot of bad press due to abuse of it and was demonised for ywars. Yet as a medicine it works a miracle where conventional drugs either failed or delivered powerful side effects. It's the biggest time to return to traditional medicine and harvest the best of it using today's science and technology. Octp is on a right path and time is excellent to enter the market.

And I've sold 25% to invest w MGO... Typical...

Simon, I had a bad spending habits and end up up to my ears in a debt. Covid took away my ability to earn and pay rates, I had to sell my house to pay a majority of my debt and keep my family fed. Do I blame banks and credit card providers for this? No, I am an adult responsible for my actions and I paid a huge price for my stupidity. Now I am trying to get on track by controlling my spending habits, working and investing my hard earned and saved money. Why the f... should I be understanding and contribute to others stupidity? Sell your house, pay off debts and stop being a parasite begging for help

But it is good to see message like this being published to wider audience

Let's get ready for a carnage... :-(

Steven you are right. I've been there on SYME as well. Hence I am very interested what FCA will do tomorrow. Will it approve suspension lift and watch value of the business plummet rapidly down or will they delay approval to next week when decision is published?
£2 on the horizon... IMO

Lots of shorters on AMGO Mousekewitz... These are one of the most violent shares on the market thanks to the ongoing drama with CMCs, FOS, FCA, founder fight with previous BOD. It was GJ who brought a much needed stability to this share, but as you can see not for long.

All of us VSM44 ;-) jednym slowem srodkowy palec od zarzadu dla rzadowej agencji

This is another proof of the BoD being considered of their customers and shareholders. It's a right move to allow us make our own decisions if we hold or sell. GLA

And now I am tempted to imagine FCA going after Amigo again in the future because the diluted shares didn't reach expected value, business couldn't pay dividends and all those shareholders are feeling robbed of the opportunity of getting dirty rich on AMGO shares...

And we are back to SOA, which is like fixed dividends on shares without risking own capital. Again I am sure that once FCA wins this case, they will do nothing and then oppose again. There is no winning in the situation where one party is not interested in the cooperation that would be win-win for all.

Yes, my broker always put total value as £0 for suspended shares, but keeps the last price per share untouched. Nothing to worry about

It's definitely one option to consider, but the question is how will you then decide what value and how many shares would be needed? Same story here with SOA. You would end up diluting shares forever if not agreed upfront.

I doubt they would. Just opposite. Both directors and employees have an interest in form of the shares, options and pension, not mentioned salary. Please also remember that BoD could be hold accountable for the state of the business they left.

Troll? Seriously?

Insider, the answer to your question in on the streets and in TV. Take a look around and take a guess what society has been built in the past 30-40 years? The level of education in this country, promoting benefits and nanny state instead of setting better working condition/ payment and promoting local businesses. 50 years of stuffing people's minds and guts with junk done it.
And if you dare thinking differently, you must be a weirdo. I've been accused of being uneducated investors for putting my hard earned money into these shares. Yes I am uneducated, because I should know better that FCA will continue to feed those well educated people, who knows better how to use legal gaps to fleece the business and people who invested their hard earned money.