Member Info for Jonno41

We’ve been royally stitched up - I will definetly vote no - but we need to tell Gary and all before the hearing - negotiate a better deal for shareholders or we’ll vote no and that’s the end of Amigo - customers get less , and the company goes - you cannot look after bondholders, customers and staff and stitch up shareholders - the judge should be told but we need to be unified, please everyone cloning together and become activist shareholder - together we have the power to stop this and the downside is peanuts

This crazy level of dilution makes no sense - no one will buy these billions of shares that will need to be issued in this dilution - its madness and we shareholders don't have to stand for it... Seriously, we are being ****ed on big time here, makes no sense and ironically the damage is already so far done, its difficult to see how it can be undone.

What a pathetically orchestrated disaster - I have no sympathy for previous customers either, right now I will sacrifice my shares and force administration if we all do the same - but it should not come to that, and it should not of come to this - there was and still is a solution that would work for shareholders, bondholders, previous customer and the FCA as Amigo are proving whiter than white and their new Amigo 2 lending will be much better than other choices at this end of the market - you simply need to fix a reasonable amount on a RI event, saying Amigo will raise £XM in the next 12 months and put it into the Scheme - that way they can flood the market with good news, the SP rises, and II's will fight to secure their chunk of the new Amigo

Hope you are reading this Gary, there is no way on earth that RNS was a good decision to lodge.

EGM is needed and Amigo told we will not vote for this - they way may well get the scheme sanctioned but it will be pointless if we vote down the dilution and force a wind down - Amigo need to go to court and say to the judge the proposed dilution will not be voted by shareholders so we need to find a level of dilution they will vote in - or sanctioning the scheme is pointless because the outcome will still be administration

And we should consider voting out the board for being completely incompetent on the first court case and then bending over to the FCA not standing up to them.... there is a money in this company and a sustainable business model, the shareholders must not allow themselves to be the casualties as all others prosper (including the bondholders) - we need to use our combined strength - there is most certainly a better deal for us.

We need to take action.

Fos backed us last time - so I am sure they will this time as well

Who’s buying ? JPM had always been holding shares for someone - are we about to find out who - the sp would have dropped further if this rate of shares had been dumped in open market to PI’s

No equity raise without return to lending - so if FCA block the scheme or do not let Amigo return to lending customers and FOS are worse off - we all know there is no plan c - approve scheme return permission or Amigo goes - which would not make unpopular FCA any more popular -plus more money for customers and a dilution for shareholders - another box ticked from the last sanction hearing

Price under 10p after schemes approved?? nah…..

Agreed Franky - perhaps this is why We have not been told what SOA 2 is before the FCA cast their eye over it

If it’s not terrible for shareholders the price would have gone up more - so I assume keeping us in the dark as a way of keeping the sp under 15p

Background buyer? I nvesting.com might show some back trades before the end of today.

I have Maverick - investor_jon - can you add me to the group

50/50 10p close, buyer (s) still there, be interesting to hear from chartists.... Traveller...... There used to be a few on here. I dare not mention anything more than 10p until we get there, but those who remember know how quickly this share can rerate know with the right news the potential this share has.

GLA

But 12.01 % has gone up to 12.69% or did Cairn have a .68% stake and the 2 have been added together?

Bybrook/Cairn buying??

https://uk.investing.com/equities/amigo

Checkout the 5 min chart, there was certainly volume yesterday

The price is being held back, but there is definitely someone building a position, slowly, for now, but there is definitely sentiment out there people, I think we'll see 10p next without news and who the fk's with news!

I think its one of these strange situations - the only scheme the FCA will support and not object to is a scheme that is not good for shareholders, so the best outcome I suspect is for the proposed scheme to be opposed but not actively by the FCA, sort of like last time but without the last minute turnaround.

I thought I read somewhere there is more money to put into the pot due to the last quarter profits? If this was the case and the court and FCA accepted it is better if not perfect, we'll shoot up as the sp is priced for failure or mass dilution, which IMO is impossible unless you do a debt/equity swap and raise more money for the pot that way.... if the bondholders agree.

Anyway lets wait and see and hope.....

There are definitely buyers back in the market, just not enough volume to test 10p yet.... We need another II or 2, but they'd need to be convinced by Amigo the company has a future.

Its only sentiment and what potential investors have been told, the SOA RNS due is going to take this share to 5p or 20p depending on the terms, and then we need the FCA to not actively oppose and sign off Amigo 2.0, then we are really back in business.

Lots can still go wrong, but I think the odds are in our favour (although they were in our favour last time as well!)

GLA

This is simply down to now whether Amigo can persuade FCA not to oppose a scheme that does not screw shareholders, remember unlike the court case, sentiment exists here, and it feels positive all of a sudden.

You cannot second guess how the FCA will act, but if they wanted to make a point they have made it, and Amigo have now positioned themselves into a "must fail" position without a scheme. So FCA know - block the scheme and Amigo fails 100% - and consumers and FOS get nothing or virtually nothing..

Plus, Amigo have listened to the courts and taken on some of their recommendations, so hopefully the scheme will be the same as before with more redress, if that's the case you have to believe 20p + is back on the cards within a week or 2 of the announcement which is surely going to come in September.

Of course this is not a certainty as the FCA can decide to make an example of Amigo and force them into administration... but logic and hope suggests not.

GLA

Unfortunately so Stevie - the 27p price was of course based on a scheme passing and Amigo relending, and if it had passed your son would have seen a profit - the good news being a new scheme might be no worse for shareholders and will hopefully pass second time round.

The FCA is an unknown quantity and if they want to destroy Amigo because of their past activities they are easly powerful enough to do so, however Amigo owes the FOS and customer redress and the FCA will not want to see either of these debts not repaid (even if its a relatively small % of what is owed). Plus I hope the FCA will find working with Amigo easier than other lenders whoch should encourage them to support a fair scheme.

However I used this logic back in May with the first scheme and I was wrong - the FCA opposed it, and if they do not like the new scheme will undoubtedly do the same again, so there is still material risk, but I have a feeling this time round we'll get the scheme over the line, beause there clearly always was a second chance of a scheme but there will almost certianly not be a 3rd one.

Lets hope this time we get a chance to more forward