Member Info for LTHcine

Vinson the way i read it, all Amigo have to do is provide counsel for claimants so they are classed as informed, add on a few years of 15=20% profits (should be mostly paid off by year 4 anyway but offer more years to appease the FCA and judge would sign it off. Obviously would feel alot better with FCA letter of non objection from FCA before going ahead this tume

the 3rd picture deffo mentions insolvency with A scheme, lets see if we can improve the scheme offering enough to pass through. Shouldnt need to be improved upon that much really. Just add on a few extra years payments from profits. Also need to make clear they wont receive 10p on the pound.

Im sure still time to get back in under 10p Mouse, ride it back up. You think Gary can pull this off?

you had all of yesterday? what would have made you buy today? Whats wrong with 9p?

400million what? Canadian dollars?

Lloydy - you think if the LTIPs were set at £1.50 then the FCA wouldnt have used that in court saying the board stood to gain X amount of millions more? dont be so naive. 40p was about 6x the shareprice at the time and by the time it was due, it would have meant that the company survived, thus earning their rewards. Doesnt matter what price it was set at.

Vinson it should be easier for you to reach your 20m shares target now right? look forward to the Tr-1 and ANY good news RNS would be lovely :) Maybe that the FCA have given us letter of non-objection for an improved scheme

everyone who wants to go short should do it now, only 7/8 points down by tomorrow maybe 6 points ;) post your short positions

This sell pressure today is just MIC fully out, now we can gradually get back to normalcy.

please learn how to use threads, difficult to see what you are replying to and clogging up the threads

Ready for my topup when the shorters and bedwetters think this RNS is bad news :)

thought id bump a thread thats actually about Amigo, 5 threads non-related garbage....

The whole thing about shareholders standing to gain is absolute rubbish, shareholders are currently 95-97% down.
https://invst.ly/u-1zp

If you look closely towards the end of this graph, the little bump is the apparent GAIN the shareholders are supposed to have had.. pish offffff :)

In all honesty if we paid for the claimants to have legal representation then the old scheme should pass. 95% of people voted for it, give them their legal representation and they will be advised its already a good deal if they have any sense. Im sure could still get the vote through.

I think Gary could extend the years the scheme goes on for until a certain percentage of redress has been paid, your suggestion of 30% seems fair. When they say 10p on the pound they havnt included any of the 4 years worth of 15% profits, so its underestimating how much it would pay out anyway. But If we extended it to 6 year payout of 15% i dont see how they can say that is unfair. Adding more money upfront i dont think is an option given PWC have audtied the accounts and given the impression the funds are limited.

Another option i see is to create 100,000,000 new shares to be held in eskrow with ALL Scheme until the SP is at £1.50 or sell them when the scheme ends (whichever comes first).. Should get the FCA off shareholders backs taking almost 25% dilution and if sold for £1.50 would give claimants a much nicer % of their redress. However only problem is most people are too impatient to wait that long even if it means receiving more money in the long run.

pooplee

Retirement, take a look into Amigo Loans, almost at all time lows currently 8p, only needs the FCA to stop trying to push it into insolvency and then can get lending again. A nice long term recovery play. Recent highs of 30.30p just before court rejected first Scheme of Arrangement.

Well said Thaw, i havnt got your way with words :P Everyone moaning about LTIP is on some socialist bullchit

I agree HH that the rewards should have been set after all this, but who knew so many people would moan about standard things? Its not against the law to have LTIP to incentivise the board of directors to come on board of what was essentially a very long road to recovery. Still is now but without them onboard, even more so.

The LTIP doesnt pay out for 5 years so doesnt matter what price they were to set their incentives. If Amigo make it to 2025 it means its all been dealt with and why do they not deserve rewards for sorting someone elses mess out??