RE: Potential Scheme of Arrangements27 Dec 2020 09:45
Interesting and informative posts
I'm with you regarding the 5% for 3 years and don't really understand why they've suggested this unless it's an opening salvo
They can't cash in for 3/4 years and I'm sure PI's would be happy with a far higher percentage to pay down claims.
Lending again, end game for claims, paying down bond and any percentage of profits it takes would do me
Even if Amigo made 0% profit but came out clean in 3 years the markets would value it at the amount of profits it was using to redress claims
Don't get wrong, I firmly believe people also need to take responsibility for their own actions and I don't place all the blame at Amigo's door but that is where we are so Amigo need to show they acknowledge their mistakes and put their money where their mouth is