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Hillman I am only in for 110,000 shares lol. You boys have the bigwads. Would've good to see this clear 25p quickly so Beevorma atleast gets Into profit. I am happy to hold until atleast 30p_40p before I top slice and leave profit in for a very longterm. As I said I don't mind paying some tips but won't even be able to buy a round unless it hits a mighty £1. Lol
Hillman if this hits 50p I hope you have booked a Jumbo to take us all to either Las Vegas or Barbados. Here's Hopin can cover the bar bill whilst Mark@1973 can cover the Restaurant bills. :o). I will pay the bellboy tips.
JB has simply stated he wants back in but ideally he does not want a vote. We are his back up plan. He wants the newly formed board to invite him back. I do not think it will need a vote. The board need him to make this investable again. He has the financial clout to move Amigo forward but he wants more say so in how that is done. Amigo will make him into a Billionaire again and he knows it. Losing say £30-£40million on his shares sell off will not be so relevant in 12 months time. He will have likely made that back in 12-18 months time. This company will expand abroad and don't be surprised if he does go after a tie in with a bank like metro or starling etc. That's my own thoughts.
The spread is ridiculous. I want to reduce my holding but can't at 2.5p. What a joke.
JB sells out to zero. Buys up existing bonds and BOD allow them to be converted into a potential majority of shares. He then makes a bid at say 30p-50p a share to take it fully private. He then relaunches the business at the perfect time with high unemployment with GC as his wingman. I would imagine he would take his money back out quickly by leveraging the business with cheap debt which is how he wishes he had done so in hindsight rather than floating it as he did before.
Maybe Yuri.F is Sunset.
Where are the RNS to state anyone has increased their holding over the last few weeks?
Figtreeharry. The major shareholders does not make sense JB under 20% seems correct.
GC at just over 6%. Before the sell off started,JB had 61% and GC had 5%. The free float should have increased significantly by around 40% but it has not as major holders seem to be still be over 70% between themselves and you would expect it to be nearer 40% as JB has sold 40% supposedly into the market for PI's to pick up. So what is going on???
At last some news.
What are the expectations for Monday?
Will we receive confirmation from GC that he has FCA for CEO role?
Will we get an update on BOD?
Will we get an update on finances?
Will we get some Director buys coming through?
Your thoughts?
I think others also need to be careful. The board needs to be considerate of each other but some do not help themselves. Everyone should just get along. No one should rise to baiting and should just ignore anything they do not agree with. I have reported someone and stated the following. "Constant deramping and antagonising other posters. Very disrespectful and unnecessary posting." Draw your own conclusions as to who it is but others are not helping by responding to it.
I do not really understand why this has not moved up before now. Is it being played out for a cheap Takeover in 6 months time? We all know it has great products and market yet no value being added to the share price since the initial cash raise. Seems like huge potential yet no positive movement in share price??
Rox, do what you think is best for your own situation. 3 options, stick, reduce holding or cash in. Nobody else's opinion but yours or your Mrs should count. I am invested and will sell when it is right for me whether that's with profit or without. All the best with whatever you and the Mrs decide to do.
Rox, do what you think is best for your own situation. 3 options, stick, reduce holding or cash in. Nobody else's opinion but yours or your Mrs should count. I am invested and will sell when it is tight for me whether that's with profit or without. All the best whicith whatever you and the Mrs
19th August and 80p.
Yuri, JB tweet and not knew as that's from a few weeks ago. How do we not know that he has 61 friends who are all buying 1% a day directly from his broker. He could potentially then buy them back with a nice added bonus again through his broker. I am not sure whats legal and what's not. He has not lost out on any dividend as that was not paid and is unlikely to be until the company is profitable again and the future secured.
Sunsetter, pretty much any company could go bust. Only a few have gigantic cash piles such as Apple. We all gamble everyday in what we eat, hobbies, relationships, crossing the road, driving a car. They all have a risk attached. Anyone holding these Amigo shares knows it could go bust. They however have bought them in the belief that they will go up in value. Yuri no doubt believes they will go up in value otherwise he would sell them. I have a reasonable holding at a low average price and I am happy to see how this plays out. If I lose then onto the next one. It's a hobby for me.
Anyone invested in this share who trusts in what JB has had to say then please read back through his tweets. He wants changes to be made to protect the business viability and at present he can not influence them unless he goes for a vote. If changes start happening he may sit back and start buying back in. He clearly wants the prior agreement turn up going forward so he can have an input should he stay involved. I could see Glen calling him back onboard at under 10%.
JB will only go for a vote if he feels the relevant changes have not been made. He wants certain members ie Roger and Nayan off the BOD. He clearly wants a BOD who have the best interested of the company and it's shareholders. Below is a tweet from JB a few weeks ago.
Where we did sometimes disagree was on soft vs hard power.
Glen is more statesmanlike than I am. He’s a scalpel, I’m a chainsaw.
I’m watching developments to see whether a scalpel will do the job. If it will, we don’t need a vote, and I could buy back in without one.
Jeff, they where settling claims due to the decisions of the BOD not fighting any of them. The company needs to fight atleast a high percentage of them to survive. JR may not be needed if some clear understanding and support is developed between Amigo and FCA/FOS. Glen in my belief is the missing piece as he will help resolve this and hopefully without the need for a JR and without a huge cost to Amigo.