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I got trapped blindInvestor buying in 26p up to 28p then the FCA out of nowhere decided to object when it knew the scheme from day one. I am now at a loss. I have lost years of work and trading profits.

I just want nothing to do with anything the FCA is involved in.

I simply do not trust them one bit. They know PIs are the holders here, not institutions and they want to hand over the company to made up figures of 600 million and assume all claims are valid... this is left wing agenda communism not a free market where 95% of creditors agreed it was fair.

The FCA have shown their colours.. it isn't even amigo.. I would be happy to risk it based on the company.. it is a new company.. new directors.. new plans.. but the FCA.. I simply think they believe they are beyond reproach.

They have shown no thought for what people like me who have worked hard, paid our taxes and believed in the new company and believed the FCA when they said they would not take further action.

Call me a sucker.. say "don't invest what you don't want to lose".. but the fact of the matter is.. they manipulated and trapped us.

I hope amigo go bust.. so the FCA can deal with the mess they caused by not working with amigo in the first place.

Beyond angry. Beyond betrayed by the body that is supposed to be protecting us.

Chuggernaught.. I don't want to be associated with the FCA F them and what they have done. It is downright dirty using us buying in as proof there is value when we believed them so bought in giving the company value! F them to hell.

If this crashes tomorrow and I get even 1p back its better than the FCA getting that 1p.

Amigos.. this company has a good future if the FCA let it and they are not some street loan shark, only just more expensive than a credit card or a lloyds overdraft. The BOD I have faith in. I wish you all the very best.

Sorry if I panic someone, do not be influenced by my post I am fuming mad at the FCA for manipulating me and simply want to get away from anything they are involved in.

This is my families money, my money, my pension.. the FCA screwed me over.

Let it crash and lets just go bankrupt.. F the F C A and the dodgy claims

My last word ever on LSE I will never trade again after this. The FCA have been dirty.. really dirty.

Bye all

lol thought you might agree with that one :)

I had a heart attack when I saw it tbh. Have a good evening god :)

im a customer!

Just go bankrupt .. the corrupt FCA need to face up to what they want to do to PIs.

I would back Amigo going bankrupt because of the way they want to wipe out PIs.

I agree with you 100000%

Wow I agree with you sly!!! lol I didn't expect that lol

No. They are like a bull in a china shop. They should simply have said all along.. "what you are proposing is not acceptable, we will object to it in court".. not wait until AFTER it has been proposed.

They are the holes of the bottom.

Agreed but the problem is that the FCA WONT say what they will agree, any delay costs millions and risks the company going bankrupt as shareholders pull out while they can, bonds get recalled and everyone pulls out money. The FCA then STILL might just say... "nope". They had the chance for months and now they are Fing over PIs as a suggestion of something that they accept! f that! how can the FCA think that screwing over hard working individuals is fine!!! thats what they are there to protect!!! Fuming

"He said the proposals involved writing off “hundreds of millions of pounds” owed to complainants, while the shareholders would keep their equity.

“Our primary submission is that there is simply no proper justification for the shareholders retaining all of the equity and the obvious question is ‘Why isn’t the group giving some or all of the equity to the redress creditors?’ and no real answer to that question has been provided,” he added."

The share holders have gone from £3 to 24p and giving up profits.. for claims which are rounded up by the FCA!

how on EARTH can any sensible person think that share holders are getting to retain their equity when it has basically been wiped out by these claiments! the company has cash and debts and claims..

best to just go bankrupt and wipe everyone out because their attitude stinks. This should sit at the door of the FCA for its bad conduct not with PIs who are the main share holders not institutions. The common man, woman and child owns these shares because the FCA said they did not object until it suited them to object.

Hard working individuals are going to be punished if the FCA get their way for the sake of people who took out loans that they spent and said .. "oh I have to pay this back..? really? I didn't understand that..".

Once again this country punishes the hard working people who are paying taxes and trying to do the right thing. What kind of world is it when people can spend money and claim they didn't understand by the tens of thousands. Are the British public really this stupid?

The FCA is supposed to stand up for fair conduct not be participants in market manipulation and trying to take down hard working individuals. The FCA needs disbanding.

I am writing to my MP about this, they knew full well what they was doing. They acted like some sneaky state actor not what should be a shining light of example.

Rant over.

So it is fair for all involved as it is such a big market changing RNS for amigo miller. It would be unfair on people to come out say at 4pm on a Friday, best to release it Monday 7am

Dave_b the problem is that the FCA have not said what they will accept anyway. They put AMGO into a corner with no logical escape

Carzgeek is right, they manipulated the market to get a higher share price from PIs. Unbelievable really that the FCA of all organisations would do that! Imagine the news and fines if it was a bank manipulating the FCA!!!

How on earth could anyone at the FCA condone this behavior! Manipulating the share price and PIs to use it as an argument in a legal case! outrageous behavior!

I would honestly quit on the spot if I worked there today out of shame of what they did. They had all of the information for a LONG time at hand then to manipulate the price like that.. object and also then have the balls to say "oh yeah not our place to say what a fair deal is"... SERIOUSLY!!!! W the F is that!!!! it screams of personal vendetta for some reason!

Like a toddler saying they will accept sausages for tea then crying and a parent asking what they would like instead and the kid saying I don't know make me something! it is no different! the kid could have said all along they don't want the sausages why wait until they are given it to complain and not even say what they would like!

https://sojustlikethat.files.wordpress.com/2013/11/dontknow.jpg

Chins up peeps..

Good night, hope you all get sleep and don't feel stressed.

GosiaS you can't "unload" sigh.. where did you wander in from? do you not know what suspended means? crying out loud.. doesn't this show that the value of the company being bought by uninformed PI share holders can not be seen as "the market value" when institutions are keeping out of it.

Heck no.. the FCA have not even said what the goal post is! They would just keep saying no for the next 10 years. I would sell out 100% and not look back. They have been nasty waiting until the vote results came out so it was at the highest point then saying "nope". I don't trust them one bit. FCA needs a petition to be outlawed in a parliamentary vote.

Can someone please start the parliamentary vote I will gladly sign up.

https://www.parliament.uk/get-involved/sign-a-petition/

Thanks again :D

Exactly viking. I bought most of my shares 26p up! because I believed the FCA was NOT opposing it nor seeking to take further action! They was waiting to say "we oppose" at the highest possible point. The have gone out of their way to be sneaky and attack pension savers and individuals! they are forgetting they are screwing over the average job not banks who can eat losses.

Con.. The FCA was asking for the world! He said wipe out the share holders!
Pro.. The figure the FCA guy gave were not correct and overstated the value
Pro.. The FCA made the assumption every claim was valid and everybody wants to make a claim
Con.. The 600 million quoted vs the cash and company value does make it look like a wipe out when simply factored in
Pro.. Acknowledgement that the small family guy is the primary holder of shares and can not provide capital to the company in a RI
Con.. primary holder of shares and can not provide capital to the company in a RI
Pro.. FCA still couldn't suggest a figure which would be approved and "not for them to say"
Pro.. FCA couldn't be bothered to make personal representation
Pro.. A few PIs did get to speak out about the share price as individuals I felt this was heard by the judge
Con.. Insolvency has been put into question
Pro.. If insolvency was put off the judge did question the outlay for 6 months and no targets and no potential improvement
Pro.. The judge did feel impartial and questioned both sides
Pro.. The FCA did feel extreme at times ie wipe out all PIs and had no specific targets
Pro.. The argument was well made that it is not for the courts or FCA to say the creditors don't know best
Pro.. The argument that the FCA knew about the plan for a long time so why object now
Pro.. The argument was well made that creditors were informed as simple as possible and could always have sought advice
Pro.. The argument about bond values was well made as a hit to creditors
Con.. I felt like the FCA valuation of claims should have been broken down better
Con.. Some information was not available to the public and the listeners in the call
Funny.. "Need a pee pee"
Pro.. The judge will take his time to research all the facts ie "140 million share price valuation" and see the FCA was wrong.
Pro.. The FOS was discussed as being a creditor on a few occasions as an example of an informed creditor

I can't afford to pay for a 1:1 so that is me diluted. Do a RI at a higher price for a lower amount ie 1:5 at 60p so the dilution works out ok for us that can't afford to be bankrupted by this RI. We will be diluted but all my hard earned money will still be somewhat intact. The FCA suggested that all the PI get wiped out! how on earth is that a viable solution!

The management need to offer up the LTIP shares and say we will not take them and tell that to the judge now. Also perhaps offer 25% of the profit assuming we can keep the lights on with that and pay back the debt and do the RI I suggested.

I would lose a crap load of money but I bought believing the FCA was NOT going to object at 28p! now I am already down because they came out of the blue and said they will object and are suggesting a complete wipe out! mental.

I need some wine.. have a good evening everyone