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Unless they are involved in talks with the FCA and Amigo.
9.5p 52 week high.
It aint over till the fat lady sings and she ain't singing yet ;-)
The fat lady ain't singing yet Bryn, hope you're keeping well buddy. I haven't sold a single share yet, topped up but that's the gambler in me. It is a gamble and always has been.
I'm not as confident as Algo man £1 by Christmas from 0.002p lol
Also, a post from Daniel Hawkins posted yesterday.
"CEO of Amigo loans Ireland & Amigo loans INTERNATIONAL!
Now we have a great opportunity to fully utilise the brilliant systems and people we have. Looking forward to the next chapter."
Amigo loans International based in Ireland!
They said the whole group was going into wind down but they are selling it off without shareholder consent.
Is that legal?
Mo, are you aware of Amigo loans Ireland being bought out by management?
https://m.independent.ie/business/irish/amigo-loans-to-carry-on-under-local-management-in-ireland-42406646.html
Two have jumped off the Amigo gravy train.
The rest will just ride it for all they can get!
Fforestgwmp, to answer your second point.
I am topping up at these prices to slice and cover the RI, the details of which could completely change. None of us know yet? Could the 19/1 change if it goes back to court? There's no mention of 19/1 for NSF as far as I'm aware.
All will be revealed very soon.
It's wind down or lift off for Amigo as a start up business.
Fingers crossed.
Fforestgwmp, yes I've been invested since March 2020. It's been agony at times, still is.
I wrote my investment off ages ago to be honest, it's a toss of a coin now.
I still feel the market needs sub prime lenders, I think the FCA agree and that is why they wrote off the fine because that would have been the final nail in the coffin for Amigo.
The shareholders from SOA1 have been wiped out (on paper) but there are many still holding, I can assure you of that. Our twitter group is proof of that. The group set up the RRSG (Reward Rate Shareholders Group) they've had meaningful dialogue with Amigo and have fairly regular communication with Amigo. Other members of the twitter group are in regular contact with Kate. They ask questions and Kate tells us what she can, obviously she does not pass on any market sensitive information.
So, if it goes t it's up we've all lost the lot but I don't believe it will. If I'm wrong and it does I'll be gutted. But I'm a big boy and nobody forced me to invest in Amigo.
I wish everyone the best of luck and my words are not meant to be advice in any way and I'm not ramping. Anyone invested in Amigo could lose the lot!
Good luck all.
If it was going into wind down they would have done it a long time ago.
I'll be topping up again if it does.
I'm smashing my average down :-)
Firstly, genuine claimants deserve the redress they are owed.
All of the mis sold loans happened before March 2020. Since then the CEO and BoD have been replaced. Most of the shareholders pre 2020 are gone. So why are the existing shareholders being punished for the historical mistakes of Amigo?
We aren't paid dividends and we've all seen the value of our investments smashed, I'm 80% down.
Institutional investors don't want to commit to investment due to the situation, most shareholders can't afford to take up their full rights and can't slice their investments to take up their rights due to the sp.
So, go back to court and get the 19/1 changed or removed, or lower the amount asked from the shareholders.
Then pay the claimants their redress from a small raise from shareholders and the rest from a percentage of future profits of Amigo.
Claimants get their redress, shareholders aren't punished so heavily for historical mistakes of Amigo and II's will be more willing to invest in Amigo.
The market does need sub prime lenders, especially during these economic times.
A compromise needs to be found.
You're right Royroy, that's not how the Amigo gravy train works....
Royroy, if a business is financially in the p oo it would be expected that everyone takes a salary cut to help it survive.
£600k salary for a start up business is disgusting!
And so was the Golden handshake that Gary got!
You need 75% of the shareholders to vote in favour of the 19/1 dilution. So if 26% of the shareholders vote against the 19/1 dilution Amigo goes into wind down. You keep reminding us that Amigo can send it into wind down any time they wish if they don't believe the business has a viable future but at the end of the day the shareholders will decide if Amigo goes into wind down or not!
I'm 80% down, you better sell it to me and the rest of the shareholders very soon!
I wonder if they would have let their salaries fall by 80% like my shares have done?
All because of their actions.
Buzz, many of us have been thinking that since SOA2 was approved by the FCA!
Every RNS since then has brought the sp tumbling down.!
It's a shame the BoD's salaries haven't come tumbling down in line with the sp!
They've shafted the shareholders while they've all been riding the ever giving Amigo gravy train...
They really have played a blinder.
It's sp manipulation, pure and simple!
Every RNS released has brought the sp down.
They even hid the fact the the FCA had given permission to resume lending in October 2022. They worded the RNS in a way that none of us knew lending permission had been granted, that would have pushed the sp up if they didn't camouflage it!
dlongmuir90, totally agree with you 100%.
This has gone on for too long now! The shareholders have ***** footed around and not put the CEO and the BoD under direct pressure with direct questions .
Apparently Daniel did today at the meeting but Amigo haven't updated their website yet to let us listen to the recording of the meeting.
Will they edit it? Are they legally allowed to?
I am really looking forward to hearing Daniels questions and comments.
The FCA wanted to wipeout the shareholders but Amigo, Gary and Danny have done it for them.
The FCA will be laughing their rocks off!
We're facing a 95% dilution 19/1 if we don't throw shed loads of dosh into this but I'm already 78% down lol.
After three years you couldn't make this s hit up!
Congrats Gary, £1.8 million up, you played a blinder and now Danny is rinsing Amigo for the same salary but he's only got 3 months left on this gravy train.
I wonder if the rumours of a group of shareholders bringing a legal case of insider trading against Amigo are true?
Fill yer boots Danny and the BoD ;-)
My mistake BeastlyD, it must have been someone else who rang me on that Saturday evening at 10pm and withheld his number. Obviously I recorded the phone call and have since found out he was in breach of the data security act.