RE: It’s amigo nothing is simple19 May 2021 20:54
Their QCs point was that it is not for the FCA to decide what is a fair scheme, hence they don't say what the correct scheme is. They were suggesting the negotiation should take place with the creditors (more practicably an appointed representative), therefore i'm not sure this is going to get resolved with the FCA before the judges decision. Therefore having listened to the entire call it seems most likely to me that this scheme will not be approved and some kind of new process will need to be determined and discussed
I initially purchased at 16p, then 8, then 6 and most recently 24 when things looked good, so i am in the same boat as everybody else now, just waiting and wishing this had all been brought up sooner.