Member Info for Senator1

Not at all. He took about £300M out of IPO and the peenies he then got for his 61%. He doesnt have the type of cash needed to refinance the debt. Thats £430M alone just to refinance.

Range bound until the vote; 15-10 area but with more downside because uncertainty=downside. JB supported at EGM and share price collapses, I believe sub 5p. JB loses a small relief rally and may dissipate in a few days until there is news on the debt waiver and claime. Mgmt get a lot of stick here for being ineffective, Nayan in particular. He was sent out to field Q1 by himself but given no leeway to answer questions so it comes across as obstructive but in any event there wasnt much he could say. However behind the scenes they are being somewhat clever. They are offering write offs for accelerated repayments and if they can keep doing this and kill 2 birds at once and if this is shown to have worked at Q2 results and they reach agreement with RBC these are the real triggers to a sp re-rate. Not rampers/de-rampers or anyone else. Those are the facts as they currently stand. There will be no fast money here. There is a more realistic sceanrio of very fast money severe losses depending on EGM outcome

The problem with these headlines is they do not tell the real story. The Q1 results were very worrying as they showed us that the collections were incentivised by £27M of loan write offs for accelerated repayments. My guess is that this was targeted at those also with complaints and that is why mgmt are confident about clearing the backlog. The cash while not charged to anyone, 110m of it mgmt have estimated will go out over 12 months to pay claime (see 110m short term provision). Add to this that going forward (which is what really matters) more than half the loan book cash has to go to the SF lenders and you have the potential for a real cash squeeze and that is why there is a going cocern qualification in the accounts. This is why I find the whole JB situation a stupid circus and NOT in the interests of AMIGO and they 100% do not have the cash for an international expansion, that is patently obvious. He says himself that the sp needs the institutions to return to drive the sp and that is 100% TRUE . They will never return with him in charge as anyone with even a basic understanding of the accounts knows that his plan is nonsensical. This sp will jump around for next few weeks as retail play pass the parcel among themselves. I think it is doomed if JB gets elected as there will 100% be another circus over him getting proposed and approved as CEO. This will take months of wrangling and uncertainty with lots of resignations and noise. The sp will collapse and RBC will formally put the £200m debt in run down and then the remainder of the book has to service all the other costs and prespare for the repayment of the Secured Bond. This will be a nightmare scenario and will not end well. The only bullish case is if GC led team will focus on existing issues, get RBC/FCA/FOS onside and go from there. Before you go international the foundations have to be strong. The bizarre thing about this situation is that most og JBs twitter army dont know how to read the Q1 accounts and they are voting for their own demise. If they did, it is 100% there in black and white in the accounts. Reconcile the prvision account and look at the cashflow statement.

your right MIC UK is Cayman and LLC is a US limited partnership but they are combined. They filed combined on 13/7, I have seen it. 8.04%=38,232,498 shares. I think some of the newswires got confused as they moved the shares back and forth but the above is the total. Ask negative energy to go through his stash of TR1s he I am sure will pull it out

8.04% split on unknown basis between LLC & Cayman NOT 8.04*2!!

You need to look again, iy only has £430M of gross debt and most of the loans given a security to either the SF or the SB. But heho dont let the facts get in the way

What a load of b--lox. So you are telling me you can tell a discretionary DMA trade from a BOT generated. What a lot of crap, you have no idea what you are talking about. Automated profit taking my ..se

My trading account refutes your guess that I have been wrong. This was one of the most obvious shorts of 2020 at an individual stock level

They have made very clear what they are doing. Its not sexy or something you shout from the rooftops. They are just going to try and reach all the compromises AMIGO needs whether it is JB or GC running things. Im not going to repeat what they are as they are obvious. Once they get the debt sorted and an agreed operating process they can lend again. Until then its work your way through the problems. THATS the real world; hard work, diligence, compromise and fighting your corner. The answer is NOT to run away or fight the FCA in public. Until these issues are sorted everything else is rubbish, total rubbish.

What did you want the BOD to say? They were 100% correct to say what they did. They brought cold realism to the party rather than twitter spouting rubbish. Amigo's in a very tough place and they don't have the answers yet as it depends who wins vote. JB with his be aggressive with regulators and go lend to Eskimos and take money outside regulatory oversight (good luck with that) or the plodders who will try and reach an agreement with their creditors and FOS/FCA. If you are long it is easy to see who to back and if you are short thats also easy. All this rubbish about give us hope BOD we need some encouragement, hope, dreams. GROW UP, this is a game for the big boys and go cry somewhere else. If you want to bark with the big dogs look at the FACTS.

Debt in default, £110M short term claims payout, going concern qualification and a circus over the strategic direction from a man even with inside information doesnt understand the numbers. Yeah, great opportunity, best of 2020!

With JB, its over

The scariest place is being with concensus. You got to ask yourself who is the mug who is going to take you out if your with concensus. Longs on this board are concensus. You have been consistently wrong.

not sure you understand what it means to be short!

hate cats

evaluating whether to cover, think there is more to go though as JB wont be buying yet and his circus will keep the pressure on as who can predict PIs who trade on emotion rather than hard cold facts

The Big picture is he wont have to pay 20p if he gets on the Board. It will take months for him to be propsed as CEO by the Board (if they even do this) and then maybe a month or so for approval from the FCA if he even gets approved. In that couple of months the sp will crash for one simple reason, his business plan doesnt make sense and it increases the risk RBC wont continue with the waiver in December. If he gets in the sp will be back to 5p and even lower as December approaches. This idea that JB gets elected to the Board and all will be rosy with no FD, no GC and probably more Board resignations and no viable strategy is naive, in the extreme. It will be a phyric victory for the PIs backing JB and will leave JB with the option to buy back in very cheap.

The board are 100% correct to point out the risks for Amigo with the JB circus. They have very serious short term issues to deal with. They dont need to be genuises to fix things but management needs to be 100% focused on working through the issues. If JB is supported you will have months of uncertainty and I think the company will fail as he will not be capable of finding the compromise required to steer Amigo through its current issues. It is clear he IS NOT a details person. So the EGM vote can be summarised as FOR=finish Amigo off; Against=give it a fighting chance. It is that simple and the sp over next month will reflect that uncertainty.

Forget all the questions about Amigo, the really important one is how did you escape? Bored them to death ...or maybe they burned your TR1 collection, hahahahaha

As at 15:45 two trades over 500K shares, one at 323K and one at 08:29:48 for 573K. Nobody is interested in this share right now and that's totally understandable. Only ones playing are retail selling to one another back and forth. It will be up and down going nowhere until the JB vote or until there is some real news