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LOL, this is the best drama in ages on this board and I want in!
Is Vinson really Mr Moneybags with over million quid to risk on AMGO?
AMGO represents 2.5% of my portfolio. If I had a million here, I would have 39 million invested elsewhere. If I had 40 million invested I would live in a huge house and own a supercar or two. I would have so much entertainment available, and so many things to do that I can't imagine posting on a board like this.
That said, we're all different, and I'm not a billionaire; maybe they get bored too.
The kicker for me was the fundamental misunderstanding of the share distribution, claiming his list covered ~93% of available shares. There may have been a language barrier or an unfamiliarity with the UK brokers which explained this mistake, but it was pointed out several times and there wasn't an "oh sh@t, my mistake" moment, and it eventually ended with several of his 'Vinson List' threads being deleted.
Then the party. Ugh. "Buy a million shares and I'll throw you a party". Right-ho fella! Vegas is it? No? Lake constance you say? Sounds fabulous.
We've seen the 'list' here before folks. It didn't end well.
So for the sake of entertainment, I'm gonna pick the 'Vinson is full of it' side. He's a small-time pumper looking for an exit (if he hasn't already), and tomorrows 'RNS' will read...
"I sold, made 1.5 million! You suckers should have taken 150% too!"
Ha! Can't wait to see what happens, not that it makes ANY difference to anything of course.
Nothing personal old chap, will be happy to be proved wrong.
Hey Peter,
"I see sales numbers doubled from the prior year. Half of sales are DBX whereas DBX was zero last year. So Stroll's new management team has not improved results for vehicles available at the time of his initial investment."
Alternative view: Stroll's new management team launched a new vehicle into a new sector and it's outselling all the cars in the other 2 sectors added together.
As I remember you sold out because you didn't believe DBX would make the sales numbers, and the job losses at St.Athan convinced you that this would be the case. These results show that the guidance from the company has been accurate throughout.
"vehicles that may be sitting as inventory on the dealers lot"
You're starting to sound like a petulant child with this. You've brought it up many many times, and it has been investigated and discussed by those interested. I've made my decisions about the information you've provided, thanks. Make another thread about it and keep it there please.
Hi Seamus.
There's so much we don't know. Here's a few questions we might consider:
IF the FOS argue and win their assertion that they are not in the same class of creditor as 'customers with a valid claim'( CWVC) (I'm unable to ascertain whether there is any validity to that claim btw), then they will be excluded from the scheme. Do we assume that full payment of their fees will then become due? What are those fees? If 20,000 complaints in the VReq were referred to the FOS (unlikely, but remember CMC's knew the high uphold rate of FOS referrals, so likely advised all of their clients to refer to FOS), then that's 13 million quid. Worst case scenario maybe, but then there's gonna be complaints outside the scope of the VReq, the number of which we have no idea of, so I need to pick a number to work with (your guess is as good as mine of course).
If it is deemed that the FOS ARE the same class of creditor as customers, then what weight will their vote carry? It would appear that they will only get one vote. Could they make or break the deal with their possible claim value and the 75% value required for the vote to pass?
Aww, Migo baby! Still providing the drama!
Here's some good news in all this uncertainty:
Even if the customers vote NO the this SoA, and the FOS vote NO too, the Judge can still say YES if he considers the SoA to be the best outcome for the creditors!
My how we'd laugh!
It is time!
https://www.youtube.com/watch?v=PaJZLg4-rII
Let's see it!
This isn't correct. The 204M shares you linked as institutional investors are brokers holding PI shares in nominee accounts. My shares, and many of the posters on your list are likely to be included in these figures.
JB sold 60% of the company. No TR1's appeared. All went to PI's who then failed to vote.
JPM & Bybrook now have ~10% each (from your list) leaving at least 40% in the hands of small PI's.
That's the current reality, and is what your link confirms.
This doesn't include the numerous PI's who were invested BEFORE JB started selling of course.
Part 8 of prospectus (page 78) clears this up Gkerr.
https://amsc-prod-cd.azureedge.net/-/media/corporate/documents/nov2020/oxygen-e-prospectus.pdf?rev=6412c7309115450ca74a1c7476db8c64&hash=5CE0D9A2F3D9EFD53DE6B5FFF0FE0D1C
Seems roughly right I'd guess.
263 shares / 20 = 13.15 consolidated shares. The cost will be the value of your holding at consolidation, which is why it's greater than your original buy totals.