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I have been talking with a friend about dilution and Amigo and they put forward something that I don't believe has been put forward before. A fundraising at a given price level guarenteed upon the SOA passing and the funds all passed to claimants. There was a lot of logic in this I thought.

1) Claimants get more cash than if they diluted now for example
2) It allows Amigo to relend and get its finances in order in the short term
3) The future of Amigo is secured and would allow current PIs the opportunity to buy in as the share price closed in.

So for example a RI at 30p with a 1 to 3 option at 10p per share raising around 40 million I believe a second RI at 50p of 1 - 5 raising a further 40m and so on. This directly allows confidence back in Amigo and keeping it strong AND allows payback of claims as well as rewarding loyal share holders. It would be a win for all.

Thoughts?

I thought the same a couple of months ago Stevie. There is a lot of logic to doing such a thing isn't there. Assuming you are on the same wave length as I there is a LOT of sense in doing that.

As far as I am aware they can technically just appear at court one day without even having issued an RNS to say a word. I say this because if the SOA is put to a committee with impartial advice and the deal is passed by the committee they speak for the wider party and does not need to be put for a vote. Keeping it quiet stops a ramp in prices and shows the true speculative PI punter value. There are no institutions only bond holders. The bond holders have the cash set aside already so realistically do not need to be consulted either. In the SOA potential dilution may be detailed and as the judge has already said "not THIS SOA" it may well go through.

I believe however that there would be an RNS.

Welcome aboard amigo!

No that is what I said "extra shares".

Wow if you don't know what drilling you need to do more research guys!

I am not trying to deramp just stating facts. I guess that your replies have told me to not ask opinions here.

Have a good day.

It is always like that at early doors before 8.30 if you look all shares have a wide spread to slow the market let the big boys have coffee and place orders in peace

I have a small buy order at .9p what do you think are the chances of hitting it?

I have based it upon the extra shares and lack of funding to cover any big drilling after doing research.

lol @ Magpies1862

that's my kind of (pain)t Clintek!

RNS tomorrow, or the day after, or the day after, or the day after, but not the day after or the day after

IMHO

I identify with paint. Well waiting for Amigo and the FCA has given me a greater appreciation for the paint drying process.

candidinvestor, blockchain is simply a math formula resulting in an answer known as a hash. The next block contains information and has a link back to the previous block and is hashed. The "chain" continues. Blockchain is nothing more than a way to seal and validate information in a public way. Nothing special about it what so ever.

Bitcoin might be around but if you can't buy it as it is regulated, sold, traded and is illegal, do you really want to "buy" a block of that algorithm I described really for $60k? Glad for the people who made it rich but it is ridiculous as a financial asset you might as well sell the numbers, 1, 2, 3, 4, 5, 6 etc there is ZERO value in it.

Ill start the bidding for the number 1 at $100k

Same people probably have warehouses full of beanie bears from the 90s waiting to make it rich.

don't you think the technical reason is simply that the China crisis requires $ hence the bond offering in USD. There is not enough USD liquidity (crazy I know) but this is pushing the $ up against currencies as they scramble to cover debts and pay for assets in a global market which is valued in USD again the cause for the in illiquid $ which is going to push $ up further and GLD down.

On the flip side of all of the above, strong $ vs GBP so Cey share price goes up.

Opinions?

You KNOW that they are trying to get people ahead of Amigo being approved and the launch of Amigo 2.0.

Never been so happy to see / hear crud about credit card advertising before, it really gave me a good feeling for Amigo.

how did that work out for you?

Typical aim placings get sold into as people try to take profits and have a free ride. Sub .10 as that occurs as the market does not want to buy more BZT shares hence the decline from .3

Personal opinion

Clintek, sorry my message and post came across wrong yesterday. I was in a teasing mood and happy and just playing, I had a great day yesterday. You do have more than my £100 invested. Hope you also get the result you need and want as you have risked a lot.

Best of luck Stevie, genuinely hope you (we all) get the RNS we are expecting and hoping for soon.

Strange. Why do you think I slate Amigo? very bizarre statement, you need to keep taking the pills pal. I have more at stake here than you, of that I am sure.

I will make sure I let you know when I see one. Now go lighten the F up man.

Will be the next I think. Opinions?