Member Info for Soundsrisky

Past value of loans would indeed be smooth. Let’s not forget that Amigo have developed the scheme (with top of the line legal partners) and they don’t want the vote to fail.

Well yes, LTHcine. That would be great and would mean that amigo doesn’t have to repay all of the old customers that paid in full. Would cut the bill massively. Unfortunately that’s not how the scheme will operate and so a fair method of redress for everyone has to be found.

I would think the other way around @Beevorma - It’s only weighted based on remediation though isn’t it? For example - The more you paid off the more you are due... so a past customer fully paid off will always be the largest compensation due.

Yes @Beevorma,
All Scheme site - ‘’What is my vote worth?
The value of your vote will be based on several factors. These include: (a) whether you were a borrower or guarantor; (b) the amount of payments you have made on your loan(s); and (c) whether you have repaid the money we lent you. Amigo will calculate the value of your vote for you based on the above information.’’

So simplifying this and using my own fictitious example, let’s say;
Customer that has repaid - you get 5 points for being a borrower, 5 points for having made 36 payments and 5 points for having repaid in full. 15 points
Customer that is still paying - 5 points for being a borrower, 3 points for making 22 payments out of 36 and still repaying so no points for that. 8 points.

Weighting in the vote is therefore heavier toward those that have repaid. Plus, there are 700,000 in that position versus 300,000 still paying. The vote will pass.

But the genius part is that each individual vote of those that have already repaid loans carries more weight in the vote than those that are still repaying.

Its all in my opinion of course but anyone who sells currently is nuts. The weighting of the vote is in favour of those that have already paid off their loans and are generally happy with Amigo (see older Trustpilot reviews). Those customers, who are already happy with Amigo, make up the bulk of those that can vote ..... and they are also going to be given free money and a percentage of the profits for a 'Yes' vote, or nothing, zero, no money for a 'No' vote ..... Why on earth would they do anything but vote in favour. If you want to see it as risk then that's fine and perfectly understandable. However, I'm fairly sure Bybrook, MIC and JP Morgan will have more understanding of the situation than anyone on here and they are holding/buying. The vote will pass, as it should, Amigo will re-lend, and more customers will be helped by Amigo in the future than ever before. Just think how you will feel in 12 months time when you look at the Amigo share price (which you were mugged off for at 13-14p) going to 50-100p. All IMO. DYOR.

It is. Not much accuracy on HL all day - buy or sell.

But it hasn't really dropped. If you put in a dummy sell (on HL) for a large amount you will get a price approaching 14p. They are keen to get hold of your shares.

.....or those holding ANY number of shares for that matter. Just hold... or buy : )

To be honest, and in my opinion, the people holding a large number of shares really don't need to do anything currently, other than hold.

Lol! Up today, down today. Who knows. I am far more certain of the fact that this will be 50-100p within a year from now.

Just keeps happening, day after day. There is no denying it. Millions upon millions of shares bought and not RNS’d, yet. May well be a 3rd institutional investor or more from our current crop but the buys are happening and it’s not PI’s. Let’s see what next week brings. https://twitter.com/josephj84647953/status/1367925220636557312?s=21

As Thaw says. They are buying not selling. You’ll regret if you sell : )

It will.

Have you seen the size of some of the buys?! Not PI's. TR1/TR1's will come.

We are 100% due a TR1. Perhaps multiple TR1's given the number of shares bought.

Invested with no current plans to buy more (would if I had funds available though) and no plan to sell either. Honest opinion is I can see a bit of a dip today. Markets (and NASDAQ) down overnight and looking a bit shaky. This is definitely a strong hold for me, no concerns long term whatsoever, just don't be spooked by any short term dip. Could do the opposite of course. Markets cannot be predicted : )

If they are still buying then they don't have to TR1 until the buying is complete....

Don't think so but again, would be more than happy if it did. Would buy more again. I honestly believe this share is as close to a no brainer as you will find. Such incredible upside potential and minimal (no share is ever 100% risk free) downside risk.

Perfect. Bought more. We all know the re-rate is coming.