Member Info for Spadger42

Well what a day, things I took out of it, obviously Isa is a top fella, brilliant. However the fact the fca were stating wrong figures even after our council had told the judge the creditors wouldn’t allow them to use their money will I assume be picked up. The fact they’ve thrown a massive curve ball at the last minute when they had time and lots of it to work with Amgo for what would have been an acceptable agreement to me says dirty play and a waste of the judges valuable time, they could have and should have worked with amigo, their inactivity has not only put the redress at risk it’s put everything at risk. Let’s not get away from that fact they could have been involved and chose not to, what do you draw from that when they have come in so strong today ?
I’d say they want a big show, playing to the media for political acceptance at the risk of everything else.
Poor show on their behalf, all in all I’d say it will still go through but how ? I square this by saying the share scheme started at the same, dilute that and each scheme member will lose nothing as their all in the plus column equally. To try taking off normal share holders throws so many issues up, what if John Smith bought a thousand shares at £2 and Alan Jones bought at 9p how do you fairly work that along with the fact we’ve had no divi and it’s getting deducted. Now if you said if the shares get to £2 all shareholders must give 10% I’m sure we’d all take that bar a few who got in heavier. It’s caused more chaos really. Shouldn’t we insist on the fca handling ALL claims ? To be fair ! Give it them back.

Not sure when the court will call it a day but it’s been entertaining at the least. Nice work ISA you’ve done us all proud, solid performance I’d say, MOTM. ; )

Really unhelpful posts on here full of negativity. Any chance of packing it in so we can concentrate on Isa s posts, you can’t have an effect on the so today anyway.

It’s been a rollercoaster but hopefully we All come out alive.

Yep I think the judge has done his bad cop routine now, so should here some reason next then a decision.

Yep we’ll reported Isa we are following like line of duty fans binge watching ??

Any links ?

Good Luck to all LTHs who’ve been through the mill on this, from the debacle of the JB sell down and the disappointment we all had to the yo-yo of the SP. I think you all deserve some good news for holding firm with your belief in the company.
Hopefully we’ll get a lift today, I know I wish I had 50k on me now I know where it would be invested. GLA

If you read one honest post today read Frankys
Spot on. Now all the negativity that will be chucked at this over the next 5 days just ignore and re read Frankys post, you’ll be glad you did come weds. He

Just checked my Santander overdraft fee 39.94% omg that’s going.

Good point I’d hope the judge picks up on, they must have known the impact.

I think myself we need to address who actually has a genuine claim, broad strokes pay outs will give hard earnt money to people making false claims. As JB said on Twitter this week 99% filled in applications fraudulently. We should be addressing g the 1% of genuine claims and paying them out 100% it won’t happen because it’s easier paying a certain amount across the board. Can you not write pay outs off as tax losses also ?

Another way to look at it Psychology wise, is would the FCA put the burden on us and not the share scene ? It’s not likely they’d allow us to carry the weight and directors walk away with what £6m bonus’s !?

Sorry to hear that, hopefully you’ll get it back. Remember trust nobody and stick to your guns. My agenda is simple, I want this to go to £2, look back at my history it’ll tell you that, or a good dividend. I don’t do hype and dislike de ramping but accept that’s what people do. There are some great people on here with good knowledge, I’m not one of them ; ) Just learning so I ask questions when I don’t know the answers. 9/10 you get the answers and learn. Anyhow GLA may the road rise with you

How long would that take ?
I think we are thinking into this way too much. I think they’ll ask the members who attend to amend their share option scheme, they’ll say no and the judge will go you should have brought this up before. Judges don’t tend to like information coming in at the last minute. Bare in mind amigo have actually done what’s been asked of them, they offered loans to key workers in the pandemic whilst others didn’t. All this has been handled very well in my eyes.

Thing is mouse, as you say you’ve never heard anything like it before, exactly how would they get money from us ? Ask us to drop a cheque in the post ? They’d get a firm PO, do a dilution ? Someone already said that would take too long, what else ?
And as I said in previous post if I bought at £1 and you bought at 8p and held the same number of shares how would you fairly spread the debt ? You just cannot do it, there are thousands of share holders it would be chaos. I can see them with 1 option only, the share scheme employees are paying into all started the same day I assume and cutting the bonus’s. In all honesty from what I’ve read on here I see the FCA agreed in court 1 don’t really have any power to force change, don’t want amigo to go bust so that to me says strong position for we’d going into court. I’m sure if they are asked to give up some of their share profits they’ll say NO and be in a strong position to do so. What actually do the FCA have in their pockets other than the threat of throwing 400 odd people on the dole, going against a 95% vote and leaving themselves open to all those people who won’t get a penny redress.

Thanks I’ll take a look, just a point about shareholders paying in for compensation. Hypothetical question figures aren’t mine. Say I put my pension in at 270p and have watched it go down to 8p and another holder has put 270k in at 8p how do you square fairness off in each of us putting our share of the FCAs query. It’s a nine goer just on those grounds I’d say. Yes I can see them possibly taking a chunk of the new share employee scheme as that all started on the same day but to put it across the board you’d have massive disparity’s

As someone said yesterday what if they are buying for a certain ex founder, now he was share holder friendly, scenario in that case could be totally different.

I’d guess it possible to join forces but actually doing it would be complex, even if you did get everyone to see the idea, getting them to sign up is another matter. You saw the % of people who voted for agreement last week. It’s annoying spending 2 years of your life learning what you can, with a busy life, following the news off longer term holders with experience to just see someone come in like this.

Filtered trolls
Anyway I’ve been into HL and instructed them to refuse and forced sale of shares I own as no prior agreement is in place. Not sure if it will work but has to be worth a go. I bought into this for the dividend, a price increase is welcome but not legal theft.