Member Info for Specialonek

Atleast there is less dross or ramping and deramping to read through.

Barrieprov, I would say pretty much identical to a CVA including how it needs to be passed. It is just difficult to imagine how long it will take to work out whether 75% of the creditors value has been accounted for to allow the scheme to pass the vote.

The Scheme will not go ahead unless:
a
a majority (i.e. more than 50%) of the creditors who vote at the Creditors' Meeting vote in favour of the Scheme; and
b
those creditors who vote in favour of the Scheme, hold 75% or more of the value of all the creditors that vote.

LTHcine, they need to determine that 75% of the valid claim value has been acknowledged as for the vote. That is not an easy thing to work out. It states this must be achieved for accepting the vote over all. How can they possibly start lending without determining that the vote has been accepted??

Also how long will it take to determine which voters are valid voters? They state you should not vote if you do not fit specific criteria, how long is each vote going to take to verify and have compensation worked out for? This is not going to be a quick vote count or confirmed result for quite some time IMHO. If 500,000 customers vote then that is a lot of reviewing to do or am I missing something?

This indicates that they need over 50% of customers past or present to vote for the scheme and that those who do account for atleast 75% of the total value of claims being made. It makes you wonder how long it will take to work out the second part. If you still owe Amigo money then any claim you are entitled too will be taken off your balance. To me it is not weighed towards anybody and everyone whether past customer or existing customers carry equal weight. It is down to the values of claims as long they receive more than 50% of the vote.

Creditors who are able to vote together on whether or not to approve the Scheme are known as a 'class' of creditors.
31
All creditors within a class must have sufficiently similar rights against SchemeCo. This is what allows them to be able to consider the Scheme, and vote on it together, as they have a common interest.
32
SchemeCo thinks that its creditors form a single class to consider, and vote on, the Scheme. The creditors of SchemeCo who will vote together are: (i) the Redress Creditors; and (ii) the FOS. There is more information in Appendix One that explains why SchemeCo has decided that its creditors form a single class to consider, and vote on, the Scheme together.
33
Every creditor of SchemeCo affected by the Scheme has the right to cast its vote at (or before, via the online voting portal at amigoscheme.co.uk) the Creditors' Meeting. The Scheme will not go ahead unless:
a
a majority (i.e. more than 50%) of the creditors who vote at the Creditors' Meeting vote in favour of the Scheme; and
b
those creditors who vote in favour of the Scheme, hold 75% or more of the value of all the creditors that vote.

Camkite, agreed however it is still a punt, there is no guarantee this company will get what it is seeking. There is still the chance of boom or bust. I am a realist and I have taken a bet on this succeeding. If it fails I like others will lose the value we have in it. That value changes daily and I am happy with where it is it for now. I want atleast 50p-£1 each for each of my Amigo shares and I am hopeful we will get there one day this year.

My theory is they have invested on the basis of a punt like we have. If Amigo 2.0 gets approval they have done well. They take an interest in a lot of companies and no doubt a lot of them are high risk high reward. They will win plenty and lose plenty but no doubt the bean counters gave Amigo a fighting chance. I doubt they have any longer term interest apart from flipping the shares when it suits them. They can afford to lose their stake. JPM's digital banking launch will have nothing to do with it. Lets be honest digital banking has been out there for atleast a decade so nothing new just a new product for them. To many theorists with some strange ideas when it is all likely to be very straightforward.

That ended up being a good day over all. Can we get through tomorrow and remain above 12p? That would would be a good close for the week after the pump and dump shenanigans at the beginning of the week. A genuine RNS might give us a close of perhaps 15p-16p which would be a positive open for next Monday. Slow and steady rises are the ones that keep most involved for longer.

I would be happy if this ends the week over 12p. Whether it is 12p or as high as 20p it doesn't matter. What matters is what happens over the next few months. I am here for the longterm whether it's boom or bust.

If there was the purported large multi million share buys then as long as they where bought by various holders then no guarantee that any TR-1 s are due. If no news is incoming this will continue to fallback and also adds credence to the pump and dump at the beginning of the week as was noted by the genuine LTH's.

Fievel making no sense with that last response. That is nothing new I guess.

Best_Guess, be careful you will upset mouse and be filtered like me lol. Your not allowed to question Vinsons lists without upsetting the hangers on and Vinson himself. Anyone with an ounce of thought knows it is a totally irrelevant list and only the top 3 holders matter and nobody else.

EM88, why are you still here spouting on about NSF. Why not just go on NSF board and talk there. If you reinvest in Amigo then come back. Personally I think you have jumped out of the frying pan directly into the fire. Your decision so live with it but I doubt anyone really wants to hear about it on this board. Good luck with it but please change the subject either talk about Amigo with a balanced view orvtoddle off to the NSF board to **** Amigo off and feel good about your new investment.

I would be pleased if it manages to stay in this range until month end. I would happily like to see more TR1s showing the big boys buying more hopefully. It is a decent step up from where we were a few weeks ago. It is also better than seeing the pump and dump brigade playing it up and down. This is high risk but potentially for a high reward. I will stick with my holding whether that ends up as a boom or bust. No one knows for sure which it will be but I am taking the risk for potential reward.

Vinson, Why not just list your 1million plus party holders and remove all the other information you keep having to amend due to inaccuracies. Try looking on Share cast. com for updated larger shareholders. That will remove the likes of HL from your calculations. There are only 3 or 4 major holders in Amigo above the threshold for reporting. I am not here to ramp or deramp but I do not like seeing information that is inaccurate and could lead newbies into making poor decisions. It cuts both ways with I do not have time for the derampers banding together trying to get others to sell on the cheap or mislead. As I said I want this share to do well on merit and to make everyone apart from the shorters lots of money. I hope you are a 11million+ shareholder and you throw your party at a £1 a share. My advice to you assuming you paid 10p a share would be to sell 1.1 million shares everytime it climbs by 10p. You will then have a free ride to hold 7-8million shares as long as you like at a cost of £0. First 1.1million £220,000 back, Second 1.1million £330,000 back, Third 1.1million £440,000 back. This puts £990,000 in your bank and leaves you with 7-8 million shares for pretty much zero cost.

Vinson,
From your post below,

The above 22 Shareholders are holding 40,94% of the company shares. This List might not be accurate and should not be viewed as any advise to buy or sell stock in this company. There are also institutional shareholders totalling + 204,000,000 (42,96%)

In reality shares held by shareholders 6-22 will in the main be part of the institutional shareholders total. There is absolutely no point in trying to work out who has what apart from the top 3. No one else matters as there is no way of confirming any of the other information. The list has been edited over and over and there is no way of confirming the reality of the majority of the updated, updated, updated, updated, updated information.

Vinson this is more accurate assuming your other numbers are accurate and that no one is telling porkie pies.
01.) 49,305,000 (10,38%) Bybrook Capital Group. Source: RNS
02.) 47,500,000 (>10%) JP Morgan as a group. Source: RNS
03.) 38,232,498 (8,04%) Mubadala Investment. Source: Annual Meeting Report 09/20
04.) 12,687,220 (2,67%) Glen Crawford. Source: RNS 04.11.20(now likely zero but can not confirm)
05.) 12,657,117 (2,66%) Richmond Group. Source: RNS 10.09.20(now zero but can not confirm)
06.) 11,111,111 (2,34%) “Vinson” Source: LSE Forum
07.) 3,000,000 (0,6%) Evil Knievil. Source: Twitter
08.) 2,975,175 (0,6%) “Donaldterence” Source: LSE Forum
09.) 1,680,000 (0,35%) “Fmow268” Source: LSE Forum
10.) 1,599,295 (0,34%) “Largey00” Source: LSE Forum
11.) 1,500,000 (0,3%) “PSW46” Source: LSE Forum
12.) 1,397,000 (0,29%) “THAW” Source: LSE Forum
13.) 1,300,000 (0,27%) “Adam” Source: LSE Forum
14.) 1,300,000 (0,27%) “Gary Jennison (CEO)” Source: RNS
15.) 1,214,893 (0,25%) “Novice82” Source: LSE Forum
16.) 1,210,000 (0,25%) “FrankyS1971” Source: LSE Forum
17.) 1,170,554 (0,25%) “TechnoPrisoners” Source: LSE Forum
18.) 1,200,000 (0,25%) “Westcountrybob” Source: LSE Forum
19.) 1,090,086 (0,23%) “Acaciatan” Source: LSE Forum
20.) 1,000,000 (0,2%) “Maverick12” Source: LSE Forum
21.) 1,000,000 (0,2%) “STFlaz” Source: LSE Forum
22.) 1,000,000 (0,2%) “CTcapital” Source: LSE Forum
This accounts for(40,94%) but likely to be (35.61%) with Glen Crawford and Richmond group removed.
This indicates nearly two thirds of the shares are in other individuals hands such as those holding under 1million shares. Clearly there are many share knocking about to be traded. There is no shortage and there is no issue in anyone wanting to purchase a chunk of shares if they so wish. This is much more factual and honest than saying only 7-8% are available. We are all here to make money so let's be honest in trying to make it. I am a LTH and falsi information is either used to ramp or deramp IMHO. Only risk what you can afford. I have a strong belief this will work out but I am not joining in spreading fake or false information. It does not build me with any confidence in anything you have said upto this point. You maybe the real deal or you maybe another Hillman I will let others decide, but please stop preaching fake information.

Pupper, it is good to see someone else noticing the false information being spouted

Vinson, As already pointed out by heresHopin. The 42% is made up of the the shares held mainly by PI's such as you me and everyone on this board. There are likely more than 50% of the shares in PI's hands. Richmond group sold down to zero so unsure why you still have them on the list? Why spread false inaccurate information. Your stating 7-8% available when in fact its likely 7 or 8 times that quantity. I want this to go well but in an honest genuine sustained way. The list is false information so stop peddling it.