Member Info for Nebnalon

Long term holder here, was frustrated to lose a huge paper profit on the short sellers, but held strong and doubled down and now back in profit, although far from the gains on the table when we hit upwards of £1.40...

Crunching the numbers, if we close at 38p, tomorrow we will see that today has cost Mangrove another £1M.. brings a smile to my face.

Afternoon All,

Any idea what is causing the spike? Cannot see an RNS or anything - Although Stuck on a conf call, so only seeing the charts going north.

Great day anyhow!!

Nice rise at the end of the day - let's hope there is a positive leak on the release of the 2020 figures tomorrow at 9am!

Very Quiet on this board. Seems LAM is slowly picking up again, potential for it to hit 70 this week if the momentum continues.
Really want to see this back in the 80's very soon, last time we hit the 80's in FEB i thought it was a quick road to £1 - let's hope we can regain and start the push soon.

GLA

If you have been here as long as many of us, you'll also note it maybe worth waiting for the drop into the 5's! Today it was comfortably in the 6's - why buy at 7?
For clarity, i sold my holdings after the RNS when we lost the case, although keeping an eye on this and may jump back in, IF this drops into the 5's / early 6's, as there is as you say, more upside reward than downside risk!

Nothing new here, but posting as its "News"

https://www.bbc.co.uk/news/business-57314517

@Gruntie - the BOD should have prepared a press release / RNS for either outcome a long time ago, it's not a matter of giving them 24hrs + to respond. They should have already planned for either outcome, the same as many Investors did.
Also, the SOA was supposed to be deemed as "FAIR", so for the FCA and the Judge making AMGO potentially change the offering to suit the FCA is either saying, A:, AMGO Didn't offer a fair SOA or B:, Judge / FCA Assumes AMGO can give me - when i thought the BOD made it clear, there is nothing else to give - "Take this SOA or we will have to wind up as we got nothing else"!

@Mulletman - What I am saying is, if they release the RNS to show the SOA was not approved, why oh why have the BOD not realised an RNS to say what they are doing - or worse case - suspend the Share listing whilst its decided. There is nothing fun about watching my own funds draining into a sea of Sells. it's happened time after time on AMGO for the last 2 years. not everyone on here is lucky enough to have got in at 5/6p and riding a profit.
We all know things will take time, the SP will drop and the potential of Administration is always looming, it wasn't a huge factor previously, things however, have just got a bit more realistic.

We always knew there was going to be a risk - this is factored by the % of my portfolio that was held in AMGO.

In short, the BOD needs to communicate with their shareholders.

@JWD - "Most Likely" I believe was the phrase - This is implied - So the BOD played hardball through Dickers - They cannot "Cry Wolf" and then ignore that this was their game plan, it effects the likes of the small investors - If someone told you that if X doesn't happen that Y is going to happen - why hasn't Y happened? Why now change the narrative to suit?
We're not talking playground chatter, this is in the high court.

So Dicker (Lawyer for AMGO) made it clear in court, if the SOA is not approved AMGO will go into Admin.
SOA not approved, yet no notification of Admin. Is there a timeframe for this to happen?
I ask as, shareholders like myself have sold up on the news today that the SOA was not approved - and the alternative is to get back "some" of our investment in AMGO then "Lose" it all..
But if AMGO are going to bend over to the FCA and work with them to come up with an alternative, then where is the RNS to say something to this effect? Thus saving all the Retail Investors from ditching their shares and losing cash, especially after having faith that the BOD would turn the company around - IE: Supporters of AMGO!

The only positive that may come from this, the many many illegal claims and false claims from AMGO Customers - hopefully they get nothing and go off and moan at Debt Camel who promised them the world!
I also hope the FCA get a good b*llocking from some MP's for their behaviour, rather than working with AMGO (they have had months) they decided to wait until the final hour and stick the knife in - knowing this would damper the potential pay-outs of the people they are there to protect and assist.

This is one fecked up case and will be a great precedent for the future....

Until the verdict was released. Well I finally exited from AMGO after the last couple of years of riding the up and down's - i managed to get out around 11p which is still a loss (Thanks Judge)..
Will keep an eye on this one and see if it is worth getting back in at some point at a cheaper price.
We all knew it was a gamble and had it payed of then many of us would have had a great day!
Interesting to see what the board do now, will they ever get AMGO 2.0 of the ground? Will JPM look to buy the client database for their venture in UK Banking? Time will tell.

Good luck to all those that continue to hold and buy in at the lower levels - let's hope this does rise from the ashes one day, it's a needed company for many out there that need a sub-prime loan.

Wasn't that the "Fat" bloke or something like that? I believe he sold out - hope he stayed and made his £££

Spread on HL - HUGE
Sell: 19.61p | Buy: 21.00p | up4.77p (30.80%)

now some big drops.. did the MM's just play the market for a profit based on "news"?

Going up and down now in back 5% chunks.. Assume some selling off for profit.. or maybe the news is still TBD?

always leaks... Greed usually!!

Next Auction... this is going to the Moon!! Strap in..

Anyone got any L2 metrics from the last hour? Wonder what is driving this? II's or Retail? Must be some huge blocks going through?

2nd Charge coming..

Sell: 21.60p | Buy: 21.78p | up6.50p (41.92%)

Wow - serious rises.. Must be a leak? What would cause a 26% rise?