Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
The rights issue will be subject to the approval of the Company's shareholders "after the New Business Scheme is sanctioned by the Court". within "one year" of sanction of the New Business Scheme by the Court....plenty of room for a decent trade
Docsib I could but that would take away the fun for you....don't be lazy google it
Worked out perfectly https://tvc-invdn-com.investing.com/data/tvc_10353cb590f9ac53b785c09cb5316fea.png
https://tvc-invdn-com.investing.com/data/tvc_82bdbd09184b3fcb46e018e28f41728f.png
cup and handle pattern (bullish continuation) higher into close
From CP....talks the talk....doesn't walk the walk! END OF!
As per usual it probably means they have completed a raise and placings are being forward sold
RosieNas, it is not shareholders who have caused this mess and nor was it shareholders who have taken out loans with guarantors who now want redress, keeping in mind where the SP is now, if AMIGO did raise from a placing and BOND issue then it is a viable possibility (subject to court ruling) that it (could) be accepted
Why should shareholders lose everything!? it would not be out of the question for AMGO to argue that shareholders lost 50% as did claimants
You have to ask the question.....AMIGO have been paying off the previous BONDS, maybe they want that option again
In my opinion they have given worst case scenario for dilution and have up to a year to raise, as with Rolls Royce restructuring they did a placing and issued bonds.
Correct me if you think otherwise but, AMIGO RNS has left this open and it is possible that they will do enough to get the SOA sanctioned and leave their options open to issue bonds to keep a reasonable SP
At 2.9p
Strongwoman.......you're forgetting that this is AIM.....it crashes on the day of the RNS.....it doesn't wait for people to get out lol
Strongwoman, there is plenty of opportunity to get out.....you bought in at a higher price than this.....all you want is cheaper entry for more
I would not imagine that they would raise straight after the hearing, they said up to a year, they will surely raise at a far higher SP
Spread: 0.012 (0.34%) clown
09:40:01 6.00 500,000 30.00k O
16:26:15 6.00 500,000 30.00k O
16:25:43 5.9999 500,000 30.00k O
Departing...down she goes