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Very true LTCHine, I don’t see any value here now. The balence sheet and liabilities make this univestable
I wonder if the shareholders are entitled to anything as we have been the biggest losers here
I definitely sleep better at night now though knowing amigo have put right all the wrongs of the past. It’s just a shame tomorrow the claiments won’t get the money in there bank accounts and it’s going to drag on till may.
I’ve already phoned the local hospital and checked on the blood supplies. Going to be a bloodbath tomorrow. Never thought I would feel like this.
Sometimes you just have to hold your hands up and say you got it wrong.
I’ve decided I’m going to sell tomorrow. I hold over 1.7mill shares but the longer this has gone on those poor claiments (no pun intended) have still not got there Redress because of the FCA intervention. I just want all claiments and guarantors paid back who borrowed and couldn’t the loan in the first place
Amigo is soon to be insolvent in my opinion. Managed wind down will see shareholders wiped. Just like the FCA ordered
I take full responsibility for my decisions and accountability.
I got too caught up on the judges ‘no risk of insolvency’ and I totally overlooked ‘wiping out shareholders’
I didn’t realise wiping out shareholders for 95% was either legal or morally fair. I’ve obviously got a lot to learn.
Still holding and voting with my fists and feet.
Design work signed off this week for banners outside the FCA. Any thoughts on slogans are welcome…..
FCA Corruption is one of the 8x4 sheets being made up currently.
The biggest laugh about this 1:19……..
People on here saying ‘ well yes because the redress isn’t full repayment the FCA require a 95% dilution.”
we knew before today the options of the scheme. Either 29/42p or insolvency.(0p potentially)
Why did none of these posters today highlight and share there mathematical calculations that it would Be 95% dilution (1:19 apprently)
Please can someone share a link as I’ve spent 3hours keyword searching the FCA Handbook (414pages) and I can’t see this ‘fact’ someone showed.
So I’m still left uncertain why it’s 1:19 ? If you don’t respond with the FCA facts from there website don’t bother replying your opinion!
I’m here for facts and to improve my understanding of it all.
What’s the reason for the sell off tomorrow that you predict?
Because the cfo has stepped down because he got caught with his pants round his ankles and Maria hiding in the photocopier A3 tray?
I think becuase the nuggets want there money yesterday. The giro was spent before it came through…on tick we call it!
Either Mike and Maria got found out or Mike thinks the 19:1 is as crazy as I do….
All will be revealed….buy the dips someone once told me :-/
The other route Bryn is having another Subsidiary of amigo holdings plc with no bad history
Guess what calamari…the shareholders won’t vote in favour of 19-1! Go down the managed wind down. The robbing cretins get less money. My shares are in Amigo Holdings PLC…they have more than amigo loans registered don’t you worry about that!
I don’t understand comments , so as existing shareholders if 5% equity is law….you still Havant explained the value of the raise? I want facts and not opinions. 19:1 at what price ? It makes so much difference to the Mcap and value of buiness so it’s rather important
Can someone please explain
How can you call the ratio of a share dilution at a minimum of 19:1
? Surely you calculate the amount you need to raise by the price you raise at. That is what gives you the ratio.
Saying 19:1 means absolutely nothing on its own?
the order book looks confused. Maybe someone has Obsessesive compulsive disorder around the number 18.5/6.
Buy - £ 18.6k (buy)
Sell - £ 18.5k (buy)
Unknown £ 18.5k (buy)
Unknown £18.5k (buy)
New business plan is offering 42p in the £1. Amigo really are putting there claimants first and listening. The ICC have worked tirelessly to achieve a fairer scheme. Cliaments will be delighted with 42p in the £1. No previously passed schemes have paid anywhere near 42p in £1. This new BOD really are putting there money we’re the mouth is. Settting records for the highest redress is sure to show the FCA Amigo 2 is a brand new company and they putting previous wrongs RIGHT!!!!
Looks like I called this right. The most profitable trade in my portfolio goes to…..
Shorting SYME.
It won’t be long before IG and Spreadex close me out. You need a buyer for every seller. And fortunately the buyers still remain here. Keep up the great buys. Because another CLN (like I called in previous msg) means soon it will be lights off.
Thanks AZ , Jimmy Doyle, Susan Dragon ****show and Amy benning who has helped keep the dream alive king enough for me to be in profit on a beautiful short since .46
All the best punters
Glad I didn’t listen to everyone on here in December saying first IM over the line. Glad I kept my last big short open. Another CLN conversion and I hope to have Made enough money to pay for all the homeless people who need feeding in London this Xmas.
Great to see all the jokers in here still punting this circus
Talking about fairness, Yuri can you explain how Provident had millions under the group umbrella but only paid 50m into the SOA but the FCA didn't even attempt to go after their war-chest, yes they were winding down that side of the business & yes it was ring fenced, but 50m, let that sink in....
Keep up the great work strong women! Your doing a grand job suppressing this Share price. Can I ask one favour of you….can you please please please keep posting the negative and sinking posts. If we can keep it below 6p for another 2 more months, I should be able to gain 3% of the company then we can all see my name on a TR1. That would do my deflated ego a world of good.
Yuri please refer to justice miles report, and the suggestions laid out by the FCA about the improved Scheme. ATB
Yuri yiu certainly are no law expert…and by the looks of the things, you have no idea about what your talking about.
Please go away and do your research. Senior secure notes and bond holders take priority over shareholders AND Claimants owed redress.
For your research, please refer to QC Justice Miles report presented after the last court hearing. He is a specialist in Coroperate Insolvency. And he outlines the legalities of the order in which money is laid back.
Claimants and Shareholders are below Senior Secure Notes/Bondholders. The FCA can’t change the ORDER of priority in which money is distributed.