Member Info for TheNavigator

How about an RNS from board stating.."They no of no reason why this share price is so low!"

Totally confused as to what is going on here......

GLA

Stevie,

Unfiltered.... Your commentary has been very constructive!

All the best,

GLA (serious) LT holders!

CDF1

I'm traveling on the same boat as you...my luggage is made up of 1.537M at an average of 7.292.
Hopefully we are not going to hit an iceberg!!

Aggressive averaging from the 20's area left me with a big chunk invested too.
Bent my money management rules ended up committing double the amount for any one security.
Was overly influenced by the narrative put up by Mark Watson-Mitchell of Master investor fame..won't be doing that again in hurry!

Good too see that Colin Kingsnorth is involved ( I assume that correct) and could just be the lifeboat for pi's.

In terms of risk:reward it doesn't get much better from this level, Unfortunately, out of ammo and already 100% over committed!

Look forward to getting out of the deep hole I have dug for myself.

GLA

Very simply, just filter all the juveniles...get to enjoy a cleaner board with useful info.

GLA

Also filtered Stevielad for the same reasons!
GLA

@ Stevielad66
Probably, like you I have a significant (low 6 figure investment) in AMGO and completely share your sentiments in doing all we can to guard the prospects for a positive outcome for AMGO.
Will try to have the post removed as suggested !

All the best

GLA

From my reading I understood, that ASAG have a good filtering system for removing non genuine/bogus entries.
My intention was a to encourage genuine private investors who had perhaps overlooked ASAG an opportunity to have a look. It appears I had not taken in to consideration the wider issues you speak of.
Is there any way I can have the post removed?

GLA

@ HeresHopin , @Stevielad66,

As I understood it, the line "We would encourage everyone to complete this by following the link"...was public domain call..hence my posting the link.
Being a LTH my intention was to offer assistance to the ASAG in their cause to protect the interest of all private investors.
If you feel it is in bad form feel free report it and have it removed by LSE.

GLA

Just to be clear, please type "https" before the ":" in the link below
://forms.gle/syRL7pW5cWmQ5BVS6

That will get you to the relevant place to complete a short survey!

GLA

ASAG email:
"The survey is really important and the most reliable way to get feedback from shareholders to the Judge, FCA and Amigo management. We would encourage everyone to complete this by following the link below:
(Please put https before the : in the link )://forms.gle/syRL7pW5cWmQ5BVS6

We've had a fantastic response in the last 24hrs, shareholders holding around 34m shares in total have completed the survey so far."

GLA

Strongwoman --filtered....Useful button for removing individuals that are clogging up the chat engine.

Itisagame - thank you for some very good cold rational points!

GLA

@ fundamentals21 as an insider is making a lot of sense....they should've been minting it during Covid!

The management/board running this company are not only unethical, helping themselves to free shares whilst the company has literally been burning to ashes, but they are also highly incompetent, the market has shown this in the share price, that has fallen like stone , down ~96% since 2017!

Badly, in need of retiring the tired, out of ideas, OLD guard!
The CEO should be first to go as priority...Major stakeholders need to smell the coffee and get real on this!

There is a real danger that the current management will be incapable of fully capitalising on the increase in revenues from the re-fits. Free cash flow (Profits) the life blood of a business will be sucked up by inefficiencies and heavy overhead structure!

When will the key stakeholders smell the coffee and get real on this?

GLA LTH

Gold isn't a the perfect inflation hedge. Many other factors drive its price, which can vary from year to year.
Research by Duke University professor Campbell Harvey and Claude Erb showed that gold works best as an inflation hedge only over the very long-term—a century or more.

Property/REITS, Stocks and some other asset classes are generally better hedges...

If you believe in Bitcoin as Michael Saylor clearly does (see YouTube videos), it may turn out to be the most perfect hedge against fiat currency debasement (inflation).

Independent analysts like Lyn Alden and others, suggest we are not going to experience a runaway inflation.
QE money is finding its way into wealthy hands and is being invested into asset classes that does not heavily impact the consumer price index. The falling velocity of money is also providing support to the idea that we are not heading for runaway inflation.

GLA

A takeover by someone with the right expertise and deep pockets
OR ...complete replacement of management/board which are unethical & not fit for purpose!
Unfortunate, major institutional investors are either sleeping on their watch or don't have the nerve to show these clowns the exit door!!!

URGENT TREATMENT REQUIRED....
A takeover by someone with the right expertise and deep pockets or complete replacement of management/board is the medicine!
The former is more likely given that major institutional investors don't have the nerve to show these clowns the exit door!!!

I am dismayed that the blind, immoral board is adding more cost layers to the business overheads - they need to look hard and fast at peeling and trimming overheads to generate profitability the life blood of a business. The sales will rise via the remodeling to Morrisons format..so it is urgent that they now they improve net margins.

No respect for this unethical management/Board...They should admit how immoral they have been and hand back the bonus shares they helped themselves to so freely via irrelevant and sneaky schemes. All very conveniently timed at this nadir in the share price, just when a turnaround is coming by the way of adopting Morrison format. They rewarded themselves whilst the business burned and fell 94% in 4 years!!

Hardly earth shattering innovation... Amazon Fresh innovators must be p*ssing themselves laughing at this development!
Tesco , Sainsbury's etc..have been carrying out trials to replicate Amazon Fresh tech, with the view to installing in their convenience stores...that's how you improve the bottom line big time.

The greedy, unethical rats that occupy our board have made pitiful profits since 2017!
Unfortunately, they would struggle to profitably run an "Open All hours Store" from an era that is long gone.

Time to get rid of the old guard, they stand no chance of catching up with the likes of Amazon, let alone understand the disruptive trends unfolding in the convenience store sector!

If only the major shareholders recognised this and had the b*lls to replace them with younger fresh minds!

GLA

I will repeat the feeling I have for the board, I truly hope the CEO will read them:

The old guard should move and be replaced with fresh energy and better ethics....
Not only has the board of directors badly managed the business that since 2017 the share price has fallen something like 94%....and the profitability has been pitiful !

To rub salt in the wounds the board recently had the audacity to exercise morally objectionable schemes to line their pockets with free shares for doing what exactly?
The rats that occupy the board have timed great as the boat that was run aground is slowly beginning to float on the back the Morrisons rebranding and wholesale arrangements!!

The regulatory authorities are useless when they can let board/management parasite on a company in this way at the expense of other shareholders.

Any sort of bonuses can only be morally justified when they make the pie bigger for all stakeholders. It is daylight robbery when the pie has shrunk by by 95% and they have the nerve to help themselves to an extra slice.

I have posted my objection to McColl's CEO and management for "helping themselves to free shares" at the end of Mark Watson-Mitchell's latest article on Master Investor site!

The CEO and management have run the company ship aground resulting in a share price collapse of 94% in 4 years.

Where do they get off thinking that they can have free shares just for turning up to work and doing their duties!!

Corporate governance needs modification to prevent shareholders being put at a disadvantage!

GLA

I will post email addresses for CEO and other board members when I have some time...
Then I will let them know how I feel about their sneaky schemes....
They are milking the company for all they can get without regard to shareholder value...this kind of practice should be reviewed and regulated....where are you FCA?