Member Info for LTHcine

the country is literaly falling into turmoil without responsible sub-prime lender, Amigo :(

https://www.theguardian.com/money/2021/may/09/loan-sharks-target-new-victims-via-whatsapp-and-facebook

https://www.stokesentinel.co.uk/news/stoke-on-trent-news/loan-shark-ordered-repay-70k-5390559

not from this weekend, but relevant nonetheless
https://www.nottinghampost.com/news/nottingham-news/police-climb-through-bathroom-window-5319793

Stop these loan sharks from terrorising future borrowers by voting yes for the scheme, end of!

M00la, where would we find the info that made him sell 8%, would be really interesting to find out... :) Seems very odd that he didnt buy his shares back at the lows, he would have had £115m lying around from the sale and could have got back in for 20%-25% of that

Did you copy and paste this part from DebtCamel?
"Amigo says customers may get a cash refund of about 10% of their proper refund value. I think the amount may be lower."

because Amigo never said what is being suggested here..

Clintek if you are that worried then top slice your original investment and then you are playing with house money. I personally dont see any point top slicing as i invested what i was willing to lose.. im not looking at the money its technically worth right now. I am also 250% up (on paper).

"
What happens if the vote is unsuccessful?

If the Scheme does not receive enough votes 'for', this means it is not approved by creditors. Amigo will enter insolvency. Any redress claims of Amigo borrowers and guarantors will be classed as unsecured creditor amounts in the insolvency. It is highly likely that in an insolvency, unsecured creditors will not receive any cash payment. Voting 'for' the Scheme will help prevent this from happening."

https://www.amigoscheme.co.uk/faqs

lets not get our hopes up for a plan b.. they state very clear Amigo will go into insolvency.

Travel stocks rise so the big boys can take profits, then the money will flow into hospitality while all the PI's in travel stocks have to site on a loss for a bit, standard ;) Lets get that money flowing into Cine and quick!

Theres no point thinking about it, you say it would restore Cine to financial solidity? By cutting off our most valuable arm?

Also if he was thinking about selling up, he would have bought back his 8% of shares he sold in 2020 at the reduced rate to lower his average, surely?

MoOky is not about to break up the business. We have only just really got Regal in the grand scheme of things. Lets just focus on getting a year or 2 out the way with exceedingly good revenues, and then if someone wants to offer us ALOT of money then MoOky might be persuaded. However i still think MoOky wont want to give up his legacy, no matter how nice it would be to be offered like £4 a share it just feels like selling himself and his family short in the long term.

If we were made to keep aside a capital buffer by the FCA as you say then it would only take away from our pretax profits, thus harming the redress pot?

Vote deadline 10th May
Creditors meeting 12th May (Then we will be notified of vote result)
2nd Court appearance 19th May

what is all that?

Ianharding - cine also make a couple hundred million per year in advertising revenue through one of its subsidiaries, very easy to overlook :P i saw it because i was sad enough to read about 100 pages of the annual report.

You must have missed this...

*****ELECTRONIC SUBMISSION SYSTEM INTERNAL NOTIFICATION*****
Dear xxxxxxxxxx,
Your request to become a reporting person for Position Holder Wolfgang Grabher has been successfully submitted. Please be aware that your request is subject to the approval of the FCA. An email will be sent out to your registered email address to inform you of the status of your request.
Kind regards,
Position Monitoring Unit
Financial Conduct Authority, 12 Endeavour Square, London, E20 1JN
Email: pmu@fca.org.uk
*****ELECTRONIC SUBMISSION SYSTEM INTERNAL NOTIFICATION*****

hes sent it in, its out of his hands now how long they take

Linkedin

from the job advertisements looks like possible relending 21st May.. but thats just my take on it from the possible start date of the jobs advertised

i think anyone who sells is going to get left in the dust, MMs scrambling for shares currently. Demand is HOT!