Member Info for mark_rs

A yes vote will happen, no reason to panic

It could come at any time.. within days was the outcome, this won’t drag on.. I’m guessing between now and Monday am

If u invested up until Friday nothing has changed

Yes I understand that but.. The judge was deciding if it was “fair” that’s it... that was what the case was about nothing more

But then the FCA and judge entered into “what do u think is fair” conversations

This is when I think the door was open to save everyone’s face and cut the bull out and lets strike
A deal

I’ll be amazed if a judge wants to send a company into
Admin just on the say so of cash figures “estimated” that’s what the FCA mentioned in front of him

Plus the FCA arnt there to put u in admin

He won’t want to do that surely so the safest and best for all parties is to bang heads and come together

There was no negotiation preciously as the FCA didn’t want to or amigo were just sticking to “insolvency” the only way to get a better deal was the push hard questions in front of the judge and make them

Totally wrong but and I’m thinking a deal is to be done..

I agree and I hate that they have done it but... they have done it to show there in control and to force a better deal (not just rolling over)

They are having the last laugh if u call it that..and telling amigo how they will operate “not the other way round”

I believe very strongly a deal is being done and all will
Be fine

Why do
People think the FCA are against us trading etc and want us insolvent

They want a fair deal... a better deal

That’s all they have said!!!

If u ignore everything else... everyone voted “yes” to the scheme, it’s sly but was The only way to get a better deal (not to ask but to force the question with the court present)

A deal will be done...

Maybe the deal is already done in principle and trading will start Monday, suspension tomorrow (as leaks might happen) whilst it’s formally signed off and presented in a RNS tomorrow evening or Monday 7am

listened all week to this and here’s my thoughts, great ISA commentary btw thank u (I would love to have done it but I can’t compete with what u do so I’m happy to say I’m not the person)

Why would anyone risk selling when a yes could come at any point (within days, day 2 tomorrow) and i think the odds are on :

“Yes - but with xxxxxx changed”

I’m Guessing a RNS with scheme passed either Friday 5pm or Monday 7am

Tomorrow could be a day to take your positions as the sensible have said all that’s changed is we’ve heard the FCA argument... lots of noise and threats but many many holes if we’re honest

Like Someone has already said the court was there to go through if the scheme was fair, votes have been cast and a massive yes has been through, the ombudsman has voted yes, and FCA want a better deal...(in a nutshell)

If it was a resounding NO it would have been stated yesterday

So....

things will be happening in the background between the two party’s, right or Not that’s how business work, the board have said they actively speak with the FCA

The judge doesn’t want to make the difficult decision to put amigo out of business with a piece of info from the FCA about cash , the FCA arnt there to do so, but they have asked bullied questions for a better deal.. the only way if a better deal is to come at the last minute with a barrage of questions to shake the tree

This SOA is quite a hot topic atm and the FCA need to get this right (as in can’t just be seen to pass anything) so the hoops will be laid out, amigo will jump through “some” as they should and the judge has an Easier time signing it off

Everyone’s happy, and the blue print for a SOA through the FCA is made

If I’m Not mistaken Past court cases got bought up at the hearing, so the FCA need to be clever with what they do or can get railroaded on the next (judge..what’s good for us is good for them etc etc... )

Look at the bigger picture...

Why do the FCA and judge want to make amigo insolvent...

THEY DONT, IT DOESNT HELP ANYTHING OR ANYONE

I kind of agree mark

The late call from the FCA was a perfect plan to get a negotiated better deal, if they had tried to negotiate before amigo would have and has played the “insolvency” card as a hard ball (like they have)

Now though coming in like they have (wrongly in my eyes, but it’s clever) they have forced amigo into a corner to give a better deal

They cannot be seen to negotiate as was mentioned BUT I believe they hinted a few times if u listened
To the case about a better deal

chucking it out solves nothing and actually goes against what the case is about (is it fair)

Remember - “Everyone” is happy with the SOA, everyone that’s really concerned and it effects is happy and has voted “Yes”!!!

This is now for the FCA to get a better deal and let’s get on with it...

The FCA didn’t negotiate prior to this date as amigo would have just said no...and carried on with the “insolvency” argument

They have used this tactic of “turning up late” to force the negotiations to the last last level and get a better deal

Very clever and I think the talks will go ahead as both sides hinted at what each other wanted throughout the day

Everyone will be happy at the end of it just another few days to wait

2nd best outcome

Judge wants to pass it but with a slightly better deal .. everyone’s happy

There’s no time for a vote so it’s tweaking that’s been invited now

Positive:

Court passed scheme at 1st hearing
FCA states it won’t stop the scheme going ahead
95% of customers in favour of scheme
Financial ombudsman votes for scheme
Creditors vote for scheme
Big institutions buying at all levels
FCA have been a actively involved in the scheme details for months
Amigo have stopped lending to sort this mess out
Always Complying and working with FCA

Negatives:
FCA states they don’t approve it in its current form which we know from the first court date

Let’s look at some actual positives and negatives of what’s been going on

Positive:

Court passed scheme at 1st hearing
FCA states it won’t stop the scheme going ahead
95% of customers in favour of scheme
Financial ombudsman votes for scheme
Creditors vote for scheme
Big institutions buying at all levels

Negatives:
FCA states they don’t approve it in its current form which we know from the first court date

Please feel free to add bits etc .. So taking into consideration I’m guessing some negotiating to make everyone happy will be going or has gone on already to get this through

Not sure if it’s been shared but came across this on Twitter

The FOS letter of scheme approval:

https://www.financial-ombudsman.org.uk/files/303524/Financial-Ombudsman-Service-letter-re-Amigo-scheme-2021-vote.pdf

mmm... doesn’t look very good for the FCA as someone has nicely pointed out below,

https://twitter.com/dimmickc4/status/1392226510178770951?s=21

They surely aren’t that stupid so I’m thinking they have had to say what they have said

They cannot support the scheme (granted and what they have said already) as it goes against their whole policy of protecting and working for the maximum customer claims but they also cannot be seen to do
Nothing and leave amigo to go insolvent.. best thing is but a statement out hole for a tweak and away we go

They arnt attending the hearing as it’s not that serious

Here is a link to the after hours trades

Something is defiantly brewing...

https://tools.morningstar.co.uk/uk/stockreport/default.aspx?tab=0&vw=st&SecurityToken=0P0001DWW4%5D3%5D0%5DE0WWE%24%24ALL&Id=0P0001DWW4&ClientFund=0&CurrencyId=BAS

Take a look at the after hours traders last night

It’s happening again:

https://twitter.com/josephj84647953/status/1385291875867897858?s=21

1 million votes
750k past closed out policies
350k present policies

Hopefully the 750k people who are sitting at home
Looking to free money possibly will out weigh the people who have a negative attitude towards to company still even though it’s new management

I still Believe it’s been done like this to weight it in a yes favour, very clever

No you can go now... hahah who knows

Enjoy your day

Anyone see the large trades gone through on Thursday...

https://twitter.com/josephj84647953/status/1377655408215658496?s=21

Haha I love this post

So ur hoping it goes to £1, but will only buy in at 8p

What about 9-10p

As if 1p makes a difference when your aiming for £1

My god people make Me laugh on here... (and if I say it does your dealing with very very very large sums of money so why be on this chat room)

I’m afraid a lot of people make out that they know exactly what will happen when it’s all out of our hands, if I believe in the company who cares if we loose a few 1/2p etc...

Stop with the dribble that’s de ramping, everyone is here for one reason make Money so grow up some people and concentrate on your own strategy and keep it to yourself

Discuss facts about the company etc not the pence movement day to day which doesn’t make a blind bit of difference (and if it doesn’t , great make your money and move on)

Very very strange day to be down this much after yesterday, maybe something was going on in the back ground today.... who knows

Great news yesterday but I’m a bit disappointed with the SP today, I thought we would do a hell of a lot better..

Can’t help but think that was a cad toned RNS, should have been at 7:30am, not lost into the night when people have switched off

Hey, can’t win them all