Member Info for itisagame

I know Kozz, when (if) it goes to 40p once he’s finished selling, glens bought 10%+ of the company, the fos roll over, and the books are Positively re-evaluated I’ll Create a twitter account and DM him thanking him for Creating the opportunity

and yet they have been very reluctant to drop the share price much since the rise in mid may

well good luck, be nice to the others and if you dont get on with them dont end up throwing a tantrum and selling 1% of your holdings a day, we have had enough of that from the other children, you know better.

wow, that is alot longer then i expected, they never do anything quickly do they :)

how long does it take FCA to approve a chairman?

"Amigo Holdings PLC (LSE: AMGO), a leading provider of guarantor loans in the UK, announces Jonathan Roe will join the Board as Non-Executive Director and Chairman designate. Jonathan's appointment as a Non-Executive Director is expected to be effective from 1 August 2020. His appointment as Chairman will be subject to approval of the Financial Conduct Authority under the Senior Managers Regime. "

their website and their adverts make it clear as day that "guarantors to pay if you dont". im sure the paperwork people sign explain it fully too.

cant comment on the incorrect admin side, there will always be some issues when it comes to humans filling in paper work but these should be limited to maybe a dozen or two a year, cant be with the majority of loans.

The 7 day cooling off period - thats standard across every contract for every business, no reason to not allow people to pay you back in full and cancel the debt within this period, can see this being misused with people knowingly taking on the loan using the money and trying to have interest free cash for a week but thats part of the risk of the business. (only the car industry seem to get around this one every day)

We have laws about enforcement in this country, if the law was upheld while trying to enforce people to repay their dues and it was to vigorous then the law need to change.

im sure the majority of staff did and do their job right, everyone makes the odd mistake.

Another day another 1% closer.

Amigo Advert : https://www.youtube.com/watch?v=AiriJfsGXvE&list=PLIHJyBJKF0EcrT50r5-weT9D8Cq3ruwqe

the APR isnt the issue, its the FCA / FOS changing the afordability criteria and trying to backdate it.

If it was then simply changing the top rate to 39.95% and undercutting the big banks, loaning to less people who really need access to finance would solve the issue.
and if FCA still think amigo is not affordable then they can investigate every bank, credit card, car financing company and everyone else under the sun that is charging more.

dont forget that even the likes of Halifax charge *up to* 29.9% for standard loans to sub prime customers (and they do actually charge these rates to some people too). not much difference between 49% and 29%, if one is not affordable the other is aswell.

sen what do you think the price will be at the end of September?

Alot easier to rebuy shares from retail on the cheap

Once he’s below 10% that is possible and I’m inclined to think it is his plan.

I never considered that, they can normally wing it for a few weeks, but I like your thoughts about forward sellers.

50% is Not high interest, it’s mid tier.

If affordability is an issue I think all of us or our parents who lived through the 18-20% interest rates on mortgages should go to the FOS for some compensation.

Tempted to dabble, What price are you actually getting for sells and how easy is this to sell?
I see 0.25p bid on the nex listing, and it’s currently 0.51p to buy.

Back In sub 4.

The price is 9p because JB has been selling >60% of the company, if he wasn’t selling it would be closer to £1.

Simple supply and demand, he’s flooded the market and All his shares are being purchased by multiple Individual investors, when he’s done the share is going up and won’t be back at these levels.

Over half way through his sells now.
One person is selling, hundreds of people are buying.

We all know why it’s low and will all be laughing when he’s finished (if not before) mid September isn’t far away.

CINE is on my list of companies to potentially go bust, massive debt + dying / evolving industry + low cash flow + uncompetitive pricing + 100% reliant on financing facilities which could potentially be withdrawn. It could easily drop another £400-450m mcap and be taken by bondholders.

has a few assets which will be sold and leased back overtime but that will only speed up their demise.

It will have trading opportunities but im not convinced long term.

Or was you referring to aaogc? I consider that lost until we are told otherwise and if he hasn’t paid up the debts on it

Is it not still “The Potential Acquisition”?

I just want the $2m placing at 2p or whatever it was, then I’m out on the spike.

As it stands it seems He would if he could raise a couple of mil against the idea of Acquiring it and use these funds to pay to get rid of AZ.

it’s basically a shell company until it has producing assets.

I know it’s not in the billions but AC has wasted so much cash and share issues, if they all went to good use I wouldn’t mind, as it stands they have less To show then they did at Xmas.

He’s just chasing things, he’s not completing anything.
Get a producer over the line and get some cash That isn’t from borrowings or placings in the darn door.