Member Info for hunniford

There was a tweet Sept 04 I just found. Which actually kind of answers my question i posed earlier. Therefore I expect him to be buying on Friday.

James Benamor
@JamesBenamor
Replying to
@AimResearcher
and
@Michael11657386
I can buy any time, at any price. I am just guaranteeing the market that I will buy at that time, up to that price

Hey Richmond I understand his tweet but hence my question is there anything to stop him buying once he gets to zero. If you think about it. He suspects the share price is going to go up if he wins the vote. So why wait to buy shares that in all likelihood would have surpassed 20p after the vote. Wouldn't it make sense if he was confident about winning the vote to start buying from the day he hits zero, once he has documentation to prove he reached zero. Particularly if he can get shares at 13, 14, 15, 16, 17, 18 p He has already said he ain't getting back in to right the company and hold no stock. So I'm sure like us he wants to buy at the cheapest price.

His contract is still there but I see that as a separate point, he said himself it is designed to give the market confidence about his intentions . For instance if the SP went past 20p the second he won the vote and stayed there until post Feb 2021 then technically he could have bought zero shares, which is obviously something he does not want to do. He has also said there is nothing stopping him buying higher outside the contract so why not buy lower outside the contract.

Does this make sense?

I know there have been some folks speaking to JB directly via twitter and getting responses. Could someone who has had a response from him via DM or tweets ask him a question, this afternoon (once his trade has gone through) along the lines of....

James, now that Richmond Group has reached 0% holdings. Is there anything stopping Richmond holdings from immediately commencing an accumulation of Amigo shares?

I was thinking maybe the direct approach of Hey James are you guys going to start immediately buying now Richmond is at zero may be a bit direct but what do you guys think?

Price goes up, prices goes down, prices goes up, price goes down & repeat!

I have used this opportunity to learn how to count backwards. I'm not perfect but each day I have learned a new number. so far I have managed to be able to count back from 60.66 to almost zero. Wish me luck for the next couple of days.

"People selling now are either unaware of what is going on or they are as dumb as S*i*. I cant beleive there are so many dumbo's around. The selling of 4.5m per day every day for many many many days is almost finished."

some people are disciplined and when they reach a certain limit their trades execute 50% 75% 100% up be whatever it may. so that could explain sells. Others may just need the money and held on as long as they could, crazy times in the world out there.

Abuse, water off a ducks back. Nothing like the abuse or torture you are probably giving yourself.

This stock can be painful at times. The amount of could a, would a, should a, for me over the past weeks has made holding this feel like I've had it for years and been tortured the same amount.

Fortune favours the brave.

No more RNS notifications to come marking the sell to zero. Print off and frame the one from yesterday. Next Richmond RNS hopefully going North of 3% and dragging the share price up with it!

The next RNS I want to see is JB at 3% and rising.

In auction now.

Smudger. I feel your pain, this certainly takes balls of steel. plus watching the circus unfold on this board from certain folks doesn't always help. I often have to take a step away from the board having been called a ramper and a deramper in the same day. From my perspective water off a ducks back. I will say I've watched this swing lower to 8p and return back to 20p to see it fall back to where it is now.

Best to take a break from here and the charts every once in a while you can always put alerts on with most brokers for share price rises to or share falls to and get a text. I'm not even sure how much that helps LoL but I guess it lets you know if something is happening.

Problem is the volatility in this stock is probably going to keep going in this range for a few days, unless one of the warring factions JB or board) deploys a new propaganda weapon. Then expect to see the price jump like crazy with little chance to buy stock. I don't think we will see short term news to hammer the stock down but that is just my guess and a guess it very much is!

On July 03 it took me 55 mins to buy some stock, in that period i went from £25k order down to £20k down to £15k down to £10k before i could get an order matched. It was bonkers. I think the share price went from about 8p - 12p in that period.

Nice work. ITSaG. I just wouldn't like to be selling to buy back in at the moment with the volatility. If you look at that hour I just had a over a £15k swing in my holding. I would have no luck or skill to time that and would usually bounce on the wrong side of it.

I think this will be up and down like the proverbial bride's nightie for the next day or two.

Possibly a day traders dream. It is scary when I look at the £s movement I have per penny move in each direction. Really do hope this one works out for those on the long side, since both sides cannot win overall, added to that because I am long.

There is often a temptation to sell when the share price drops either to cut losses or to buy back in lower. There are risks to both elements. Obviously selling at a loss isn't great but it must be based on your personal circumstances and ultimately the decision is yours.

For what it is worth I have seen this share slip below 10P several times in the last month and we have recovered mostly based on news of some sort and the JB sale has continued in the background.It seems there is no additional negative news coming out of the business at the moment but there are always folks who get insider leaks before others do and act so it is worth being wary of. However on the upside we are almost at the end of a monster sell action, I think something fairly unprecedented. The founder feels the sell was necessitated due to contractual constraints over his holding by the shareholder agreement.

The founder gets down to zero on Friday which can only help things. This business is worth something to a lot of people, the PI's invested, the Amigo management team and the founder selling to zero who wants to take a position of leadership within the business. In order to do that he has publicly stated he wants a controlling / major holding as there is little incentive for him to just try and make only the PI's money. Therefore the fight for this business is just beginning. I can expect to see the share price depressed or volatile until Friday. After Friday should be interesting, I do not have a crystal ball but with the sale drying up and if the share price is still depressed. It would really make sense for the founder to start buying once he officially hits zero. I suspect his broker will play a decent part in assisting here, I could be wrong but here are some of the reasons I am not selling.

1. the classic FOMO usually when I sell share price goes up, that's not scientific, just sods law.
2. the volume of shares available to buy back may be problematic, I have had this issue in the past when i traded in and out
3. The volatility it is really hard to time the market unless you are an experienced day trader and even the day trader average is often below 50% correct.

Ultimately the call to sell should be yours, do not get influenced by people on this board telling to to buy or sell. Evaluate what others are doing and make your own decision. There is a decent probability I could be wrong with my stance but my decisions are my own. I am just sharing my thought process.

Good luck all, hopefully by next week we start to see the much needed upside and a new higher base level to bounce off.

Positive E i am quoting Senator 1

the number he mentioned who are selling from my interpretation are dwarfed by JBs daily sales. Which as we get down to the last few percent are minimal from what they were a few weeks back.

My point is on the larger scale those numbers don't really look that alarming.

"Aberforth now selling, sold 2.580M shares on 31/8 & Vanguard Group 1.478M and Invecso 5.5M shares. "

JB been selling 1% for the past 2 months. the 1% on Friday 4th was 22,163,791 shares.

Just saw this on twitter that made me chuckle.......

Let's make sure the vote on Nayan & Roger ensures these guys are not re-elected before the Richmond group resolutions come up.

Credit: @JohnAnderson_10

#AMGO CFO Nayan switched his twitter account to private as soon as I tweeted about his ENORMOUS salary. No shame Pouting face @Nayanmitra

Getting paid 6 figures to do a 5hit job!
i.e, @amigoloans CFO Nayan Kisnadwala @nayanmitra getting paid $466,758/year plus incentives to do what?Man facepalming
I've just had enough &today's RNS was the final straw. My 250K #AMGO shares will go to replace him &Roger.

https://gb.wallmine.com/lse/amgo/officer/1675610/nayan-kisnadwala

I think some folks just take pleasure in seeing if they can scare people into panicking and selling at a loss. For what is is worth now is not the time to sell. Particularly if you have been holding for a fortnight or much longer like many of us.

I don't have a crystal ball and there is still a lot of risk in this stock. However battle lines are being drawn up for this company.
1. The founder wants a slice of the pie and has written a legal document in order to give shareholders some comfort on his intentions.
2. The current board have resorted to desperation by ****ging off the founder and nit picking on his intentions.
3. The CEO designate holds 6%+ of the company and recently added to that amount.
4. At the recent shareholder meeting to company basically said they had dealt with a lot of the bad issues.
5. The founder will be at zero percent by the end of this week on a monster selling spree which lets face it has created the attention and depressed the share price sufficiently to allow a lot of folks to buy into this situation.

Ultimately buckle up and hang in there.

Think it was 11.98 close, I've had worse days than this. Roll on Friday!

I think it was Friday close price, ii are *******s. they often do shocking things to my ISA numbers at open and closes