Member Info for ShareLover123

I've set up a Stop-Limit loss. If the order executes within my specified parameters, great. If not, I may as well hold.

Here's hoping for an RNS in the approval anyway.

@Mark you could set a Stop-Limit and have some control over the execution of your sale. Personally, I'm not going to set the range so the Stop-Limit only executes within 15% boundary.

I don't think we go bust and it might turn into a longer hold than anticipated, so I'm not looking to get out with a heavy loss

The cynic in me instantly thought it's a way to show how fragile the share price is and how an equity raise is not a solution?

Fascinating post @Senator1, but can we be confident that the judge will be able to understand some of the FCA's "suggestions of no need for urgency & loads of cash" is total bull?

Will the judge have additional support from specialist experts? to help guide him?

There were some absolute boneheads that thought it was going to be a "slamdunk". Quoting words like "ka-ching". A lot of people thought this was going to be a walk in the park.

And to be honest, I didn't think the court hearing was going to be as tough as it was, or perhaps a better way to describe yesterday is that I expected Amigo to be stronger in court.

Where that's knobhead who was ging with "ka-ching" the day before the court. (sorry venting out frustrations)

Just cringing at comments like that.

Will there be a prior warning of the judge's decision?

I don't want to be in a scenario where the announcement is confirmed 10am and then trading is allowed.

Ideally, the suspension would be lifted a day after the announcement, if the decision is given during open market hours.

Will Amigo's representatives be able to respond to the FCA's claims today?

Will Amigo lawyers be able to respond to the FCA reps stance today?

Agree. No one wants insolvency. No one benefits from that.

And TBH, it sounds like the judge already has a strong opinion on an alternative / modified scheme being put together, unfortunately. I really hope I'm wrong and it's just the judge doing a thorough job.

Hopefully I'm not breaking the posting rules by responding in a different thread, but that comment about not letting creditors know there could be an alternative solution really worries me

I feel as though that the technical loophole that could be our short term downfall. Not deramping here, it's just my own personal concern

I don't know why people would even write things like "kaching" when there is still a court case hearing that needs to be finalised and the FCA have said they will be opposing the scheme in it's current format.

Yes the odds on paper are on our side, but Jesus Christ calm down and wait until we know the outcome.

People mentioned it on here before, but I guess it wouldn't be the most surprising thing if the court required more time to analyse the FCA's argument / evidence?

It would be frustrating, that's for sure.

Do we know what time the court finishes?

Did a quick Google, but didn't find the information I was looking for.

In terms of foul play or things that may be hidden from us, the FCA didn't state anything about that in their last RNS, just that it's unfair because people should be given more compensation.

Although if something is being kept from us, that hasn't been raised in an RNS from the FCA or Amigo, then I'd imagine that would be grounds for a lawsuit.

Like quite a few have mentioned previously, I think, at least it feels like it to me, that's we're heading towards some sort of compromise.

I just really hope this compromise / adjustment is agreed upon before the court date. Lord knows how long this could drag on if everyone remains stubborn.

That letter actually gives me more confidence.

My concern was something materially changed with the proposed SoA or the FCA didn't like the way Amigo contacted customers or something along those lines.

However, they mention nothing that would suggest that's the case.

It appears nothing has changed with the SoA, other than the FCA now actively objecting to the SoA, despite it being approved by the court and the FCA previously stating they won't stand in the way.

This just seems like gross incompetence from the outside. We actually now have the overwhelming majority voting in favour of the SoA. Not just some conjecture.

Rationally thinking, I think it's highly unlikely the judge will reject the SoA. The more pressing question is will the judge suggest the SoA needs to be adjusted to be more favourable to creditors?

On the fairness text, you posted @retawellby I guess the key consideration for the judge and what I think the FCA are claiming, is that have AMGO really communicated the other possibilities to creditors e.g. share dilution.

AMGO has been insistent that there are no other options and that insolvency awaits if the SoA is not agreed.

The question in my mind is, is there an actual plan B. Another option that could be used instead of the SoA?

The for FCA to now step in after the vote has passed and more or less state they will oppose the scheme in court, is absolutely bizarre considering they worked alongside Amigo on the scheme and previously stated they would not opose the scheme!

WTF ??

But didn't you hear, JPM just like a good punt!