I struggle to see the syme business plan playing out in a profitable way. It a modified invoice factoring ( yes I know that’s very much simplified it ) that’s not to say it won’t but I just can’t see it. Amgo we know the business plan itself is solid enough it was profitable after all! It’s the adherence to regulations that has been the problem here. If they embrace Amgo 2.0 and expand the whole thing out mortgages etc together with other forms of guarantee/security on loans it could be even more profitable than before.
Some of us hold shares and voted for the rto but don’t wish to join the group. Simply I don’t see any point in myself joining any group as I’m of the opinion that we should have voted the deal they put to us through. I’m in agreement that it was poor very poor indeed and nowhere near what I hoped for or expected but as investors and traders sometimes you get it wrong … this was one of those times.
This is all assuming that this is what they are thinking and none of us have any idea! There are quite literally so so so many different ways this could go including admin which is although still possible only one of the many outcomes. Like I said earlier I’m inclined to lean towards there being a deal to be done.
“ Under a cash-settled equity swap, two parties enter into an agreement that seeks to replicate the positions of a long and a short investor in a particular stock. ... derivatives transaction) often holds the underlying securities as a hedge against its short position.”