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Crazy how Many people go on the de ramp just to buy in...
Why else come On a board and go on and on about how any company is so terrible
crazy how much time people want to waste Doing this and not discussing things
Oh wait... it because they want a better entry (I get it now)
hats off to you but Jesus There’s better things to be doing surely as nothing on this board will effect the SP
The only thing keeping this at this level is the known sells from MIC, there seems enough pressure to go a little Higher after they exit, was sceptical but reading all the info available from the judge, so might be a great entry point if you believe
P.a did anyone see point 142 I think it was about not approving ““this”” scheme with the word “this” underlined??
Seems logical the more you look at the details that a deal will be negotiated
Yeah I think 5p is a real possibility just because they “the corrupt system of mm’s” can and there’s a support from Back last year they can use to justify it...
Crazy but wouldn’t not surprise me at all..
Stranger things have happened these last few days hey
After being ****ed off and masking too many questions in my head ... I took alot of time reading through the article this evening
I got really really annoyed this morning especially after yesterday’s spike thinking everything was good (almost a double hard hit)
I now Believe what needs to be done to get passed is perhaps as in the article
Im Kind of afraid to top up but I see this maybe going to 52 low (5p) just because they can drop it and then I’m thinking it’s got to be worth more
I’ll probably talk myself out of it by morning
I don’t know what good news is anymore..
Can we trust the BOD??? trying to get a insolvency past a court when it was clearly not the old option,Jesus.. I’ve been right behind this from the start but now the truth is coming out I don’t know weather I want to get back in or not now...
Are the FCA out to kill off amigo, or will they do the same again and okay along..
What a mess
I’m just Concerned that you should never poke a stick at the court, now the court have said your not going insolvent (if they don’t) this just looks terrible...
I don’t know.. I was very bullish on this and getting it through but I’m open to say looking at how it’s panned out.. it’s good that amigo won’t go insolvent
BUT
Makes them look like there trying to pull the wool over everyone’s eyes with the insolvent piece.. doesn’t look good now does it, will customers see this and get their backs up etc...
I’m not sure even the FCA are bothered if we go insolvent now... I thought they were trying to sort things out for all parties but looks like they are there to say “yes” or “no” which is a huge gamble now
I don’t know.. the board should have negotiated better if they could of, if not, not gone in so strongly (but who would have known hey)
it’s a mess what ever way u look at it unfortunately
The only thing that concerns me now is they have almost lied to the courts with the insolvency issue and now all customers who have voted for the scheme might take a negative stance towards them and towards the FCA now...
Shame but it’s a mess for sure...
Convinced they would be negotiating but Wonder if they did now after the court date
Defiantly manipulation yesterday with the SP though
https://www.fca.org.uk/news/statements/response-amigo-scheme-rejected-high-court
Clearly the FCA have played a harsh but very strong card with calling BS on the insolvency and it’s worked, Shame it’s not been accepted for everyone to get on with everything
This is the response this morning
https://twitter.com/thefca/status/1397083527456468995?s=21
Quite the opposite if we look at the trades (look like huge buys) from Friday
Fingers crossed
https://twitter.com/10bagging/status/1395780726453379077?s=21
Nice insight into the claims fraud experienced by amigo from the old Boss JB
You’ll have to scroll through the tweets to read it all bits its a good read
https://twitter.com/jamesbenamor/status/1391698908548681737?s=21
These were the huge trades on Friday, largest ive seen I just admit, clouded by everything else this could be nice news
https://twitter.com/10bagging/status/1395780726453379077?s=21
If someone saw the volume of buys this could line up as buys
This was a very risky move by the FCA but they came in late with barrage if questions to stamp there authority and “force” a batter deal or at least get something for the customers
Anything better than the scheme in its current format (doesn’t have to be much) will be a success for the FCA and makes a blue print for any SOA cases in the future
Remember these SOA will be applied for again and again by firms (some not as transparent as amigo as an easy way out) so they have to make a stand now to get this right...
We all know once things go though in court it can be used “against” or “for” other cases
I believe it will be passed in its current form or with slight amendments
The crash yesterday was a good thing to get it passed in its current form, this is a 1-2 year share to get any good value with the lending etc so short term gains don’t concern many
remember :
FOS voted yes
Customers voted yes
creditors voted yes
FCA didn’t appose it at 1st hearing
institutions still buying
Court case was only to trial if the scheme was fair
judge has gone away to look at all
Evidence and see if we can to a deal
It’s no good for anyone to throw it all out...
I believe The FCA case was a purpose planned shock attack which will force a slightly tweaked better scheme, or proves amigo will go insolvent and it passes in the current form
anyway enjoy your weekend, a deal could be done and a RNS could drop at 7am Monday
Yuri
Have u been hear for long? Because you’ll know and if I follow morningstar website that these all lined up with the JP, bybrook, buying and swapping etc etc over the past month..
So on that info alone I’d say that website is accurate to what ever is going on
Great to see IMO
SOA details passed at first hearing
FCA happy with scheme details at first hearing
SOA passed unanimously by creditors
SOA passed unanimously by Customers
SOA passed by ombudsman
Reading between the lines and thinking of the
Bigger picture the way the FCA came
In all guns blazing was a shock and the Only way of getting a better deal from amigo
It’s no good to anyone not
Passing this, as it takes down everyone, and doesn’t look good on a court and FCA to send into admin
so it looks to Pass (with conditions) which is the sensible option for everyone
No ramping or de ramping just the facts u can look at and make A bigger picture not just look at the days SP
scare and drop on patchy news, gather the shares then bounce ready for the decision
All in a days work for the system
Keep the faith as to why we’re all invested... amigo will sort itself out and be a good company once again