Member Info for Maverick12

The FCA is not currently proposing to take any additional regulatory action that might stop the Scheme were it to be agreed by the Scheme creditors and sanctioned by the Court, but the FCA reserves the right to change its position.
This is the best result we could have hoped for as the FCA couldn't be seen to encourage the SOA.... fantastic result..

https://www.moneymarketing.co.uk/news/exclusive-cmcs-fail-on-73-of-fos-complaints/

The FOS reject 73% of CMC claims.....

Welcome Hedged...

Only 5 working days to Court Case & savvy investor are taking their position for major re-rate potential....

Well done Hedge..nice holding , looks like you'll be make the Venson BoS group

Great job Vinson,
Its great to welcome a new member with such a large holding to the balls of steel group....I've also added honewood3 on twitter myself...

MIC Capital Partners Group are Mubadala they hold 16% totally

Hi Vinson, can you please delete No 2.

Great holding HonewoodLtd are you on twitter ?

Hi Vinson also a copy on LSE...
https://www.lse.co.uk/rns/AMGO/holdings-in-company-4lc5bq47km729i7.html

Hi Vinson
Please check out the below link : -
https://twitter.com/messages/1308862571605360641/media/1374054476315832328
Its the RN's for MIC holding 16% just for accuracy....

I am struggling to understand why any judge even consider, not wanting to hear the 'Voice of the People' by preventing the vote process......democracy should prevail...

Wow Provident are moving quickly.....thanks for sharing Mousekewitz

I am sure it will James
We now have Martin Lewis publicly stating he doesn't want Amgo going bust so that no redress is paid, I also believe, we will get the FCA backing from the skilled persons review before the court case....
Let not forget any Judge worth his salt, isn't going to vote against the 'voice of people' ....he may ask for money in the redress but he has, to let it go to the vote process !

So, Provident are now seeking an SOA due to the fairly new complaint of affordability.

A business thats been established for 141 years. For approximately 140 years, not one person thought that they had been mis-sold the loan due to a lack of affordability checks.

In the last 12 months an influx of 10,000 plus complaints arrive, threatening to shut down a century old lender, one which (at times) my grand parents relied on to help make ends meet.

If this isn't a sign of complaint culture at its finest, and that something is wrong within the way FOS are treating sub-prime credit business and the way they now view this type of complaint, I do not know what is.

15 million people could be excluded from the right to access credit because this has been allowed to run.

#provident #amigo

Link to yesterdays After hour Trades...
https://twitter.com/JosephJ84647953/status/1372961488462307333

Invest in product demand & potential....
I am confident that IPF will be Amgo's new business model plus exciting new product range, eventually taking our digital product global.....
We need to get the SOA approved and then the potential is truly massive..look at IPF – International Personal Finance is current value 105.40p
https://www.ipfin.co.uk/en/about-us/our-businesses.html

Everydayloans 99.9% APR
https://www.everyday-loans.co.uk/about-us/
I could go on all day....

Morse Club rates :- Representative Example:
£200 loan repayable over 34 weeks at £10 per week, Rate of interest 107.1% p.a fixed; Representative 466.37% APR, Total amount payable is £340
https://www.morsesclub.com/?&utm_source=bing&utm_medium=cpc&utm_campaign=(S)%20-%20Brand%20-%20Morses%20Club%20-%20Exact%20-%20New&utm_term=morse%20club&utm_content=Morses%20Club
Send that to Martin Lewis

#AMGO
* Bod buys
* Lending Q1
* 6 SIGMA training
* New products
* Funded
* SOA vote 10/5
* Cash £165m
* Q3 debt reduced £182m
* Global digital platform
* Mcap £50m
* Court case 30/3
* MIC 16%
* J P Morgon >10%
* Bybrook >15%
* Evil adds & calls 30p June
* Martin Lewis doesn't oppose SOA