Member Info for Senator1

You guys make me laugh, you really do, no knowledge whatsoever. Under section 303 the Directors have up to 21 days to call a meeting. They have a few reasons why they would refuse; a.) if passed its ineffective (certainly a case for that re JB on plc Board) (2) its defamatory (thats why JB so nice to GC in public) or (3) its frivolous or vexatious (I could make a case on this for sure). Lots of uncertainty, market hates uncertainty. I will give JB credit for one aspect though. If it goes to 19/20p (I don't think it will though) but lets say it does. He gets 20p for his last 10% which surprise surprise is his LIMIT order on UP to 29%., so no cost on first 10% and maybe the only amount he buys. Clever in a sort of basic way, lol. Will fool many I am sure.

now that JB is out the results will drive this sp not the meaningless put. I like the fact it has generated £40m cash that we know off to get the securitisation down 30 and cash up 10. I dont really care if they hit the P&L with non cash provisions as they are just a best guess and nobody knows what covid is going to do. If they can keep generating £40M cash every Q thats £120M a year and that will keep the securitisation lenders happy as they will get 3/4s but thats ok because if debt goes down NAV goes up. The reality of this situation is that he drove the sp down with his sells everyday for gods knows how long. It wasnt a liquid stock before this and so that was always going to do damage. Now he presents himself as the great saviour who will charge of to Alaska with your money to lend to the Eskimos and in the meantime buy your shares for 20p. Give me a f..king break. Once an idiot, always an idiot!

His 20p put is ST being appointed CEO and APPROVED. Yes the rules currently allow him on the parent Board of a non regulated company owning 100% of a regulated company something that is totally bizarre but probably something most didn't know or really focus on until this circus . The put is worthless and meaningless as I have a much higher probability of dating Candice Swanepoel. This man makes so many mistakes its funny but he has no chance winning. MIC 8% no, Aberforth, 6% no, GC 6% no, Wilcke 2% no. Institutions in total are about 12-15% (all less than 1% individually) no. His supporters with come from the retail platforms which with what we know total about 25%.
Bottom line is he values it at £90M that even in the last quarter (we know this from the funding update) generated £40M of cash. Retail always gets stuffed!

On an illiquid stock like Amigo, jesus christ,well you gave me a good belly laugh. UFB

All this talk about what JB will do, the BoD, GC, my granny, your uncle .....Its all a pile of rubbish. What do you not understand about the debt being in default with a temporary waiver. They will all do what they are told and STFU unless they give the suits a minimum £199M plus in a liklihood another £234M. Once thats done they can do what they want, take over the world maybe and buy Apple

I'm 6ft 2, 106kgs and played 6 most of my life and NEVER been called little

You have done your best, hahaha for an idiot

whatever way your going i think i would prefer to take the opposite position, but thanks

your sooo articulate, can i join your clueless club, hahahaha

I have a very strong feeling that is a very apt self portrait. What Im sure your too stupid to realize is what YOU write says more about YOU

and you would know because i would take a crass imbecile like you in to my confidence, dream on ass...e

I still think that is the price the situation deserved (and lower) and the debt in default. I always said I didn't know whether it would go there as that would mean I have to second guess retail buyers like you. If you make rationale decisions I can second guess you, I do it all the time. However put me in the loony bin and ask me to second guess what they would do.......you get my point!

guess away, your in the right place for that. Thorough analysis is what's missing here.

course he is. He instructed an irrevocable sale thinking it wouldn't be employed then told the world his great plan is to go international when the debt is in default and then publicly told the FCA to F off he will go on the plc board and run things from there. Yes, in your eyes I'm sure he's a genuis but everything is relative my friend..

That isn't going to happen. Even at todays price he buys the Equity for £63M he then has to be prepared to take out the £199M because that's in default with only temporary reprieve, thats £265M and in all probability the £230M Secured Bond has acceleration rights that's £500M and then he is barred from running it, he doesnt know what claims will ultimately be or how Covid plays out. I dont think he is the sharpest knife in the drawer but he would need to be a total gobe****e to try something like that. First it was the conspiracy theories of the hidden buyers, now this. It wont happen, Im afraid it is back to the coalface and just focusing on the day job to turn this.

If you owned 61% of a company and told me you had irrevocably instructed your broker to sell 1% every day and even that 1% represented a large increase in the volume of shares traded pre your decesion. What do you think would happen to the share price? Im not as generous as many on here but my bid would be 1p if you got me in a good mood but more often 0.5p. Thats one reason. Of course Amigo has some issues but 49.9% interest rate covers a lot of mistakes but what is really interesting is that despite everything this little baby is producing cash, every quarter about half its market cap. The high profile gaming will soon be over for JB as he has revealed too much and how he intends to play the rules.

wrong, there are only 2 sources of debt as they cancelled the RCF. SF, £199M drawn as per funding update and £230odd on the secured Bond. Call that £440M gross debt. I would add the £105 short term liability for claims which management think will require payment over the next 12 months but thats what the £140M cash is for so net debt position £405M. Thats a long way from your figures and you totally ignored the £367m due on the loan book over the next 12 months (short term receivable). In the current environment I know most of that will be extended but I think £120M a good estimate based on the £40m cashflow the funding update revealed. The bad debt provision at £105M is 1.8 times the amounts past due by greater than 30 days so that looks conservative to me. The £105m they think they will pay out on claims over the next 12 months also looks conservative based on what we know. Thats a big redress number, 16 out of every 100 loans having a valid claim! Thats a systemic problem and they have always argued they do not have a systemic problem. Either they lied or are grossly incompotent. At the moment NOBODY knows better than what they have presented so wild speculation is just that, a guess.

Backing him as no LT value, he wont be allowed executive responsibility in a regulated activity in the UK. That loophole is effectively closed now his proposal has brought it to light. Another stupid mistake!. Its your money.

He wont be accumulating now he will not risk a legal charge, civil and now criminal for spoofing the market. He may well buy after he is at zero to support his EGM claim if as I suspect the Board decline his request. But he wont be buying, 100% sure, over the next week or so, he could go to jail for that.

Im afraid, JB isn't that smart or strategic. Yes if the selfish thing to do is persuade retail to back him and then blame the banks for pulling the debt and then pick up the pieces (the risk model and experienced people) and start again. However this requires (1.) him being able to get an EGM (2.) if he gets retail to back him and 3.) the FCA to turn a blind eye to him being an executive of the non regulated holding company while not being allowed on the regulated, while knowing the plc calls the shots. He might get (1.) if he starts buying shares again (2.) this one is hard to call as some people just wont look at the facts and there are two many quick money no knowledge speculators in this share (3.) the current rules would allow him but I bet the FCA will lobby for a change here. It is a totally daft situation where you are not good enough for the regulated board but could sit on the parent co. board and call the shots, thats beyond stupid and will persist a very short time and then he will be out again for the final time and he will leave all his supporters rudderless. He will of course say, not my fault "mate" and i tried, stupid regulators. Just like his irrevocable sale, he is not smart enough to think things through. I just hope there are enough thoughtful investors in the majority if he does manage to get his EGM.