Member Info for MickR

Good opportunity to buy at these prices. Let's see where we are at year end.

Crawford bought over a million pound worth of shares at 38. JB rejected an opportunist bid of 20.9p.

To me, all indications are that the SP should be higher than 40p at least. All about Risk reward.

I am in at an average of 10.1p and happy to hold until news. The SP may go to 5p but it could easily also go to 30p if news drops. I would not wish to be out if say a bid is made again.

Intra day swings are for the swing traders ..To me, this is a buy and hold.

I have a feeling that we could see the recent high just under 20p hit again this week, just don’t fall for MM’s dropping SP to hunt for stop losses or to shake weak holders out. The charts are also showing a bull flag.

DYOR

JB keeps saying it is irrevocable. I kept saying it is not so. All he needs is a good solicitor like Harvey Specter for those of you who have watched Suits on Netflix to tear up his irrevocable instructions and launch a bid by himself or acting in concert with someone.

My gut is we will see a recommended bid when Glen is in office. Price will be higher than where we are now, so I would be loading up at this level. I have.

However, our faith in Glen is very strong, and once we are sure that Stephan Wilcke and Roger Lovering have left the board, we would see a strong possibility that we will reinvest into Amigo and play a part in the turnaround.More clues that he could launch a mandatory bid and buy out the minority holders:

Car geek, I see he replied to you on Twitter. These words of his hold the key to all this:

Actually as it stands now I would have made more by not floating at all, and just leveraging up the company with more debt. Amigo was severely under leveraged for many years. Even now it has net assets many times larger than its market cap.“

He is a businessman, and as much as he hates the other shareholders who went against him, he would be a fool to run this to the ground and ruin his reputation, which is why he has something up his sleeve yet.

Hillman, a Rule 9 offer requires payment of a minimum of the highest price paid for a share by the bidder in the preceding 12 months. I would be happy with anything above 20p if I were honest but it could be 50p or more if we are lucky.

Let’s see how this story unfolds. I am a strong buyer at this level.

This is his tweet which I am referring to https://mobile.twitter.com/JamesBenamor/status/1281192537638735872

What’s stopping JB from making a mandatory bid under the Takeover Code for the rest of the shares he does not own and taking this private as he already has more than the 30% required for making suchlike bid. He could easily kick the BOD out and anyway, Hamish is on his way out already.

He hinted in a recent tweet that he would have made more money had he not floated the company. I wonder if he will spring this on us and if so what price? Between 21p and a pound?

Clearly at 10p, this is too cheap and less than half of what the opportunist buyer was offering at 21p.

To me, this looks like a game changer:

"Outlook

The Company has pathogen detection orders to fulfil for the US DoD and is confident of first half sales of both Genedrive® units and assays to this customer. As previously announced the expectation remains to sign a new contract with the US DoD in autumn 2020 and achieve new sales volumes following commencement of their new fiscal year."

Looking very good here.

This would be a 100 bagger from 0.6p to 60p if that was the bid price.

WOW.. Not in but well done to all holders. Great for liquidity in the market.

JB needs to appoint a good lawyer to get him out of the irrevocable mandate to sell his shares on the market, I am sure there must be a way out of that.
I will be looking to buy on the bell.

JB will be happy to see Glen back as CEO and see the back of Hamish.

Glen was drafted back to assist with the sale process and I reckon any bid around the 40p plus mark may be recommended by the board. Should see a huge rise today IMO.

DYOR

Hopefully the BOD do not sell out less than 20p although there are people locked in from 50p days.

DYOR

Still kicking myself for not buying at 5.28 yesterday morning.

Missed a great opportunity but looks like 30p will be hit in the next few trading days as the AT buyer is back. In auction now.

Not a holder but good luck to all in.

Switching off for the weekend.

Just ran the slide rule here and looks like I could have been wrong. this does not have similarities to Fin as the fundamentals look good.

DYOR but looks like thjis is undervalued sub 21p. Could easily see an offer land on Monday for 30p plus.

Ethio Ethio,

Yes, just saw your post. Missed my trade here but would not dare touch it now and def would not want to be holding over the weekend after I got burnt in Finablr.