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Please complete this survey urgently if you haven't done so already. No personal details will be shared publicly.
We've had a positive response and collectively hold 67,638,000 shares that are equivalent to 14.23% of shares in issue currently. The higher this number, the better our negotiating power.
https://forms.gle/6CA3vTh9dCFfvS9p8
We're still in discussions with the Amigo board and our lawyers, we should be in a position to provide more details of what is being discussed soon. A meeting with the Amigo board is being worked on in the next few days.
Hi Dan,
Please get in touch with ASAG: amigoshareholders at yandex dot com
You did incredibly well on the investor call and it would be useful to have a discussion. We're liaising with Edwin Coe and could use with your input.
I hope to hear from you soon.
Please get in touch with ASAG: amigoshareholders at yandex dot com
You did incredibly well on the investor call and it would be useful to have a discussion.
Well done to everyone else as well, everyone made fantastic contributions.
Details of the investor call are below. Call is scheduled for 12pm, in around 10 mins.
Join Zoom Meeting
https://us02web.zoom.us/j/84471110525?pwd=UDRHM3lSVE5tRmpkOUVsWmMxaHBGUT09
Meeting ID: 844 7111 0525
Passcode: 028390
+44 203 901 7895 United Kingdom
+44 208 080 6591 United Kingdom
The results from the survey as at 11.40am are below. You can use the information to discuss the situation with the BoD in the investor call at 12pm.
Number of shareholders completed the survey:
61
How many shares do you currently hold in Amigo Holdings PLC?
55,240,043
How much money can you contribute to the equity raise in total, including any option to oversubscribe?
£1,057,781 (a few people are unsure)
Thank you for your comments. We're trying our best to protect shareholder equity.
I filtered the other poster some time ago, its sad that people are still trolling but it has no impact on our direction of travel.
If there is no merit in our arguments then our lawyers will not take on the case and no funds will be requested. We raised funds last year and these monies went straight to the lawyers bank account, there was no middle man. I was the highest contributor to this legal bill because some failed to honour their commitment. I also dedicated a lot of time to attend the hearing for the greater good. The work that Edwin Coe carried out was multiples of what they charged because we convinced them to take this on, but not sure whether they will do the same this time around.
I'm only addressing the long-term holders as are the biggest losers from this if we fail in our action, and it is this group of people that understands the work ASAG have put in previously.
It's been a fantastic response to the ASAG survey so far.
Long-term shareholders please complete this urgently if you haven't done so already. No personal details will be shared publicly.
We need to negotiate from a position of strength whether this is with the BoD, our lawyers or court.
There are no guarantees that any action will make a differece but we all know the alternative.
ASAG accounted for nearly 9% of the share capital previously, lets increase this number.
https://forms.gle/6CA3vTh9dCFfvS9p8
The survey was sent to ASAG members a couple of hours ago but the feedback already suggests there was appetite from shareholders to contribute to the equity raise.
The current respondents have advised they were willing to put in £540k towards the raise so far.
Please complete the survey in the link below and pass the link to other long-term shareholders to complete. We need to determine the best way forward. Suspicious entries will be removed.
https://forms.gle/6CA3vTh9dCFfvS9p8
It's a very sad state of affairs for long term shareholders.
I can't believe it has come to this. The fallback option doesn't benefit anyone. The current investment climate especially in the lending/banking area is good enough reason to explore a new scheme or make amendments to the current one via court.
This company was valued at £1bn+ historically and todays market cap was less than £1m at one point. Absolutely shocking.
ASAG is seeking legal opinion and exploring options. I will provide an update ASAP. This is not over by a long shot, we have 2 months to throw everything we have at this to find a suitable solution.
ASAG tried to take the fallback option off the table and were attacked from within. Lets hope this update wakes shareholders up to take action now.
I have a feeling the noise from non-holders will start to get louder as we gain traction on our approach. We aleady have a couple of posters on the bb, and I fully expect this number to grow and comments to get personal.
I've contacted Kate to get information on the process but still waiting on the response. I'm pretty sure, shareholders who hold 5% or more of the voting rights can call an EGM. I believe some companies required 10% but its 5% in our case, will confirm this when I get a response. We will need to be get proxies from shareholders and send across the text to be put in a resolution to be voted on at the EGM. Shareholders can vote FOR or AGAINST any resolution in person at the EGM or via their broker. We usually have 30 days notice of an GM so plenty of time to discuss details.
Terry, we made our submission to the high court via lawyers. It seems you're not a shareholder or a fairly new one if you have no knowledge of this. Maybe you should read the letter that we presented before commenting further. You're coming across disingenuous and very negative for some reason. Filtered.
Blueskyboy, I've made my thoughts clear. At the moment, there's threat of wind-down and shareholders don't know what they have to contribute towards the raise.
We need an EGM to clear the uncertainty around the equity raise. If we can put a cap on the raise and remove the wind-down option then we may achieve our objective.
We also need a shake up at Board level, removing the chairman is no massive loss to the company, and if someone credible is appointed in place of JR whom I have no personal issue with, then we could send a positive signal to the market.
There's some confusion around the equity raise and the 19/1 metric, so if the demand is there, we could potentially have a shareholder meet-up in the near future to discuss in more detail.
Terry, you should do stand up. FYI, I stood up at the high court hearing and represented 42.4 million shares equal to approximately 8.92% of total shares in issue. Maybe heave a read of the judgment before making silly remarks:
https://www.bailii.org/ew/cases/EWHC/Ch/2022/1318.html