Member Info for GosiaS

FCA lawyer laughing at the question of the stakeholders in front of judge- that was completely inappropriate behaviour. It shows disrespect. He should handle this better and remind what is a subject of this hearing.

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.

You are right Senator. That's what will happen with the speed of light.

Bipolar? I am AMigo through and through to the end.

Insider, none of us will unload anything. The secured lenders will. PI will play a sad violin song

I am about FCA purposely destroying AMIGO.

Well I can think of one way to recover some capital - sell existing book of business to loan sharks and let CMCs go after them to FOS and FCA... Will be enough to pay off some of debt...

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

Well, it sets the precedence for all lenders and future customers. All loans to those needing them with extra insurance and additional % with waiver on top of the waiver. Sharks are delighted

Thank you ISA-investor

I mean approve suspension removal

Then FCA also needs to approve suspension. Will they do it knowing that SP will be floored down instantly?

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

Same here, I really had enough rollercoasters on so called good or bad news

Yeap, now all fun begins! I am actually glad that they decided to suspend shares instead of allowing for shorting and speculating to go ahead.

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?