Member Info for Soundsrisky

Slow and steady creep up here this morning. Background buying?

Gosh, not sure anyone on this board could answer that. Your shares are in Amigo Holdings, not Amigo loans but there are many variables and start up costs (potentially requiring a raise) for any new company.

Exactly. Fair for all is something that most shareholders would accept. 19-1 isn’t remotely reasonable or fair. FCA and others, such as @Jimmy/Sara, have overstepped on this one and will potentially cause a wind down rather than the redress they are looking for. Claimants lose, shareholders lose. No thank you. Start up Vanir in Europe and wind down Amigo. Enough is enough.

Lol! You are aware that this is a discussion board for shareholders or others to express thoughts and opinions, no? Yeah, I think this might be their double secret plan ; )

But the current ‘plan’ relies on shareholders being willing to accept and agree to a 19-1 dilution, which, quite frankly, is ridiculous. Balance is now too focused on punishing shareholders. Better to just start again in Europe if that’s an option.

But they haven’t missed it. It’s potentially their actual plan.

If shareholders vote against the dilution in its present form then presumably wind down would happen. If claimants aren’t paid the amount that FCA is suggesting (as it goes into admin) then FCA may not approve future UK lending. It may not therefore be entirely a board decision. It would, to an extent, be in the hands of shareholders @jimmy.

If they want to close down a limited company because it’s been brought to its knees by claims/false claims, then they can. If they want to operate in Europe outside the oversight of the FCA then they can. Shareholders have been pushed beyond reasonable expectation and so many, understandably, are thinking sod it. People do have limits and they have been reached @Jimmy/Sara.

Oh gosh, the Vanir cat is out of the bag now! Lol! Ok, well, I’m going to enjoy this discussion. Popcorn at the ready….Shorts, this might not go exactly to plan for you. Think about closing perhaps, but up to you. Have a lovely day.

Unless the deal is already agreed and signed I can't see any company buying Russian assets of this value at the present time, and I'm absolutely not talking this down. I want the deal to go through.

This is the one I would do @itsa.

‘Sod the amigo loans ltd subsidiary and start a new one from scratch and reapply for new lending.’

That is more up in the air. Unsure about that one @Jimmy. How any raise will actually play out or what the SP will be at that point is a grey area. Long time off yet but balance isn’t reasonable for shareholders at this SP level.

And what we do know, based on the last vote, is that it will be approved by creditors and that Amigo has addressed all of the courts concerns from the last SoA visit. Confident it will pass.

Enjoying the the rise this morning @themadstork : )
You had fair warning.

Just wait @themadstork.... : )

@TheMadstork. Your post history on every share - Amgo, Cine and Eua is nothing but negative. @TheMadStork = shorter.

@Jimmy/Sara. According to LSE, over the past 30 days you have made 75 posts. 72 on Amgo and 3 on MCL. They are the only shares you have posted about. For someone that claims this sector is dead it seems to be the only one you have any interest in. Only conclusion is you are shorting or have no life other than moaning on chat boards. Which one is it?

TBH I think shareholders, many of whom are hardworking normal men and women (such as my wife, an intensive care nurse) simply trying to help and provide for their families, invested in this share not because they are fat cats smoking cigars wanting to make money out of others but because the share itself is simply a financial instrument that looked as though it was going to go up and help them to achieve their dreams, or provide more for their kids. The stock and company has been a battered by claims (false or otherwise - that argument is long gone). I think most shareholders are at the point of giving up if they haven't already. If Amigo wants to fold then that may be the best thing long term and the invested money is lost but unfortunately it also means that claims won't be paid to any great extent, so everyone loses, including jobs lost at Amigo. Funnily enough this comes at a time when access to finance will be a necessity for many. My understanding is that Amigo, with Gary at the helm, was looking to put together plans and structures to help and support financial inclusion, which is why I was happy to invest. I didn't invest until Gary stated this. Others no doubt did the same. Whatever happens happens now. I don't expect results to be good.

I'm sure they have considered that @truthfactory.

Can't see that the moratorium would be lifted @jimmy/sara. If it were then Amigo goes under and claims with it. Its in the best interests of everyone (even the FCA) for the proposed SOA to go through.