Member Info for harv99

This is a scam, it reminds me of DEV the directors hung on for a couple of years drawing their directors fees before pulling the plug. Here they miraculously keep scraping funds to drag it out whilst they take their directors fees. If I was interested in AMGO's systems I would wait for the administrators to be appointed and then buy them for a peppercorn sum.

Large volume of sells last couple of days (milions of shares) I wonder if someone knows something is afoot?

It said in last months update that it would need to raise extra finance prior to early July so I am expecting a delisting next week.

"Following the change, the total number of Directors on Amigo's Board will consist of two independent Non-Executive Directors and one Executive Director." that says it all, every other director has flad the sinking boat.

They are looking to raise more funds to extend the insolvency date and for the costs associated with a reverese takeover. In my experience the take over company pays the costs of a RTO not the other way round. I am beginning to wonder if the board just want to hang on drawing their fees as long as possible.

The decline in the sp in the last few days indicates the end is near. Expect a RNS delisting this stock any day.

Ppop not with an RTO, they are not taking over a profitable company as in a normal takeover, they are in effect buying a shell and they will usually dilute the current sp by paying a fraction of the current sp.

Hightower winddown and RTO are completely separate things. As stated by Amigo a windown leaves shareholders with nothing. A RTO means the shares are bought by the new company usually at a significant discount to the current SP.

47.5p

Presume, you mean today’s update on letter of intent which told us nothing we didn’t already know.

Portswigger is right. This is all very normal and typical of shares waiting for a takeover to go through. Some investors are looking at other investments and are happy to sell up just below the offer price and HIG will be happy to keep buying at just under the offer price. Only yesterday DX issued a statement saying HIG now control over 45% of the shares (up from the previous 38%) clearly showing HIG are the buyers.

Email, once the takeover is declared unconditional any shares held are automatically sold at the takeover price, you can’t hold onto them.

Of course you are right portswigger, HIG have said all along they would reduce the offer price for any dividend payment. Not sure why email thinks otherwise.

He is still on LinkedIn you can message him there. Bit of a waste of time though. I heard CJ was stuffed by Aggarwal who bought their Crown Jewels (the India business) but before payment could be made he liquidated his company and reset up without paying. Not sure how much truth there is in that but if it’s true there was really nowhere for Dev to go (except going bust).

Prime - Ventura House, Ventura Park Road, Tamworth B78 3 HL

You are wasting your time Prime. CJ still lives in Tamworth but they have covered their tracks well and I don’t see anything that can be done even if they resurface later.

I am holding by the way, who knows if other bidders appear.

I am so glad I hung on to DX. I bought in some years ago at around 80p and it did well to start churning out hundreds in divis too. After the price collapsed I bought more at 16p and at the 48p offer price I will be around 70% up so my patience has paid off. GLA.

That’s old news Bags, see my post from 11th May when Scott Ashby first appeared on the scene.

The investing world is full of fraudsters, they nearly always get away with it and never get karma. Innocent investors are always the losers. We can rail against CJ but our money is gone and I am not holding any hope for any return, I am sure the dilution of any future investments will render our stakes worthless. Sorry to be so pessimistic but I think we need to face the reality of the situation.