Facts not emotion24 Jul 2020 15:09
Guys, Looking for some guidance from someone much cleverer than me ....
I'm not a trader but am completely committed to Amigo. I truly feel that we will see a sharp rise in the very near future. I hold over 1.5m. But I am very anxious..(and committed) .
I know i am showing my ignorance, but am i right in thinking for amigo to go 'bang' this could only happen if the actual Proven bad debt is more than they have in the bank ?) . but what they have at the moment is 119m put in a pot to cover the potential bad debt. So the chance of this happening anytime soon is not possible? SO if we get bad news and the debt doubles then we will have time to jump. (at a big loss i expect).
again, Sorry for my ignorance, But I follow all the threads..
Thanks in advance