Member Info for Senator1

JB truly is an idiot and doesnt understand the situation. The idea that you can take cash out of a regulated entity that has outstanding claims against it, is juvenile and plain idiotic. He is not fit to be on the Board of a public company in an executive role, the man is smoking dope. This proposal has no substance and while this share is now firmly in the hands of retail god knows what will happen if he calls a vote. My advise would be to not support him as he adds little and if the securitisation lenders dont want to extend the waiver then there is a real problem. If I were the scuritisation lender I would be only agreeing to extend permanently on basis he is not supported as he is clearly out of his depth in a public co environment.

no idea, doubt anybody does

He said, she said all rubbish till the money changes hands

and PIs are the only real buyers, this isnt sustainable. It will just take one big spike down and I suspect they will run for the hills and thats when the smart money will take a punt which is what it is at the moment, a punt not a trade

If your going to quote me do me the coutesy of quoting me correctly. I said it SHOULD go to 1p/0.5p somewhere there but because PIs playing pass the parcel who knows!

there is no way they made a binding offer to shareholders because if they did it has to be put to all shareholders. Its madness to think they did

The mgmt said they received an indicative offer they were exploring. If it was binding they would contractually be forced to complete their side which they didnt because they walked away

conditional offer means nada. Most M&A transactions have a non binding then binding stage. That offer was non binding so you can walk away because its raining outside, its that fickle.

This idea that GC has made a big commitment to AMGO is just plain wrong. Look at his p/s over say the last 12 months. He sold a substantial number of shares if I remember right last year/early this year much more than he recently bought and when you look at the consideration he received more than he paid out. I suspect he purchased what he did to average down his remaining shareholding with only the profit on his sale/purchase transactions. The FD got given his shares as a bonus and has little downside. The only real commitment is from HL PI clients and thats not based on anything substantive.

They didnt make a binding offer as the management made clear. They were on a fishing trip to get information. Why Amigo mgmt were involved still amazes me and the shareholders paid the bill for all the suits to find a buyer for JBs shares. Let him hire his own advisors rather than stuffing AMGO again and yet most of you think he is some sort of saviour. Be very careful what you wish for.

This is total rubbish. This sort of playing the market and collusion not only opens you to a civil case but it is now a Criminal offense and would be total madness. This idea that JB will come back as a material shareholder is insane as the banks wont support a mavrick like him. This group needs the debt markets, those markets are closed to JB. The concept that JB is some sort of saviour is total madness and he is totally unsuited to a public company. The sp performance tells you that

no they havent. When a PI uses HL, a HL entity buys and it is allocated to the PI client account at HL as per the account opening agreement

Last 2 times his holding goes below a 10 we get a big pop, lets see if that is case tomorrow. Do you play the pattern or not. Will tomo be the big fall instead. Do you play the trend or play a reversal? Or will it just be boring and do nothing?

So far there has only been one buy greater than 500K shares . This is just retail getting over excited because GC bought some shares guessing he might buy more. The sp is still in bearish territory. The 200 SMA is 39.3.
This sp is honestly impossible to predict what will happen as retail is over excited AGAIN and they are playing pass the parcel on steroids today

I dont know what you don't understand about the word irrevocable. If he wanted to be able to change his mind then the instruction would be a Revocable instruction.

Don't think so. Also on the GC issue, in Q1 2020 he sold 7.5M shares and in Q3 3.2M. Yes he bought most back but his little bit of trading is bringing his holding price down. I suspect he got most of his shares for very little as I bet they were bonuses but that would be an interesting question. What is his current average holding price? That would be my top question for the new CEO.

JB has 150m shares to go, there is no problem getting shares

at 7.453

I f JB tries to come back I have a feeling the banks will put Amigo in to run down. Big institutions wont support him again and this sp will go nowhere. It would be suicide. The best approach is a non public working with the FCA and FOS and find a way forward as there clearly is a market. There is no credit committee at a major fin institution going to advance money to anything JB has control of and this business cant all be funded by equity.

If you are a bull that is the single most important question you have to answer. And dont spout rubbish about clandestine buyers, that is bull.