RE: Here we go lads, to the moon! Ready Steady---->>>And We're OFF12 Nov 2020 17:12
I sold out yesterday at a very large loss. I cant be sure Amigo will not disappear by this time next year. When claim companies start to gain control, it is usually the sign of imminent failure, because the trend is for more complaints and then more complaints. I am concerned that the current loan book capital wont be enough to settle claims as it returns and also acutely aware that bond holders get what is left - not shareholders.
I had belief that a turnaround was possible until I saw the numbers at the last update and had time to think. there is a great management team, but even the best team in the world cant defeat thousands upon thousands of future complaints that are turned towards the customers favour.
I wish everyone who chooses to remain here the best of luck, but please do not risk more that you can afford to lose.