Member Info for Malpenn

Amigo will not be allowed to communicate anything to shareholders whilst the case is unanswered.

I am sure they read all of them, poor Kate but they can't reply.

I wonder how much of the FCA hard hitting approach is to warm off others like Provident doing the same.
Can't wait for their day in court... They have Moneybarn and Vanquis CC, I am sure the FCA will want money from those units into the redress pot for Satsuma. I notice they are offer no future profits from the Provident group, we are angels compared to them with 15% for 4 years.

Number of votes wasn't a problem I believe from the court session.
As a responsible shareholder I should be able to report such behaviour but wait who do I report to. I need a regulatory body who protects shareholders, that's the FCA off the list !! Although they do regulate the business and approve BoD to be fit and proper to hold that role...
Something doesn't make sense here....

Hmm... Is this legal to be trying to influence voters

Sara (Debt Camel) commented on Refunds of interest from large, high cost loans & logbook loans.

in response to Pete:

That is very true Sara, but the chances of the scheme being rejected are very low. Most people want to get some money rather than none, which is totally understandable.

The Scheme has to be approved by the court. The court will consider how customers voted but they will also consider the fairness of the Scheme. The FCA has said it doesn’t think the Provident Scheme is fair.
More customers voting against the Scheme may out pressure on Provident to increase the money it puts into the Scheme.
Even if you vote against the Scheme, you are still submitting a claim to it

Probably because most people lied and the FCA is enabling free money. The is a queue of people that can't read or write (according to the FCA) getting their free money.
Any update FCA on regulating the CMC's, thought not !!

in response to Sara (Debt Camel):

You can always vote against the Satsuma Scheme.

That is very true Sara, but the chances of the scheme being rejected are very low. Most people want to get some money rather than none, which is totally understandable

How to win a case... Disprove your opponents points one by one and then their case certainly has less weight.
Hopefully the judge would of read PWC assessment of Amigo true financial position now and he can see the woods from the trees.
FCA low point saying our BoD are lying about the cash position, I am sorry FCA you approved our BoD's so are you saying your assesment process and policies are worthless. Dangerous position FCA ..

Of course.. this allow the judge to take a look himself at an active market and real time price. No more the FCAs highest climber on the market, market value at 30 pence. We will sit at around 17pence I think, a massive differences.
One by one we will show the FCA concepts are all bases upon non facts.

It's a shame they have no regard to investors and happy to trash hardworking people but for those that lie and make false claims, of course you can have all the money but not from the FCA because we have done nothing wrong here...

16:29

I totally agree Specialonek, what a game of who will blink first...

The FCA have shown they don't care about shareholders.

Remember they are happy to wipe us out.

I am really sure that people can make up their own minds.

After all what has changed, if you held before the court case I don't think you are going to change now, of course some people will be ****ed off with the FCA and want to wash their hands of this, accept a potential loss and walk away. At least it's a tax loss for the year.

After the FCA claim they are supporting the customers of Amigo their bully boy tactics in court and lost all the current and ex customers any chance of redress.
Not only have the FCA failed them in the past by not including sub prime lenders in the FSCS scheme but their attempt in court to show public listed companies who is boss has back fired and those exact customers who the FCA claimed can't read or write are left with nothing...

Nothing has changed from the RNS where we were told that the FCA were against this with their list of reasons.
It's not as if they focused on anything else major during the court session.
The price dropped down to 17pence on that RNS and then recovered.
Interesting to see what the drop will be tomorrow.

I love rollercoasters too but not the ones where the FCA have remove part of the track half way through the ride !!!

I like excitement in my share ownership but this is another level.. I guess the BoD have nothing to lose.

I want to buy the movie rights to this.... The FCA will be ****ed.

Good point but it doesn't help if there needs to be a rights issue to get this through.

Why clever ?

I would expecting it to remain suspended until judgement like their previous RNS..