RE: For what it's worth, here's my take on things.11 Mar 2023 10:52
Stevielad66 - i fully agree. I doubt there are many shareholders who do not agree that genuine claims should be redressed and redressed properly. The problem i have and i am sure most shareholders have is the false claims put in by CMC's ( Claims Management Companies ) which cost Amigo £650 for each submitted to the FOS, even if found to be false. The CMC's get charged nothing and this has helped to reduce the pot that was available to genuine claimants. The likes of Sarah and Martin helping genuine people is admirable, whipping up a media and social network frenzy against Amigo to satisfy their own ego was rediculous. They are helping to harm the genuine claims by slowing down the process. Stevielad 66 , I like you have shares in Amigo, i have never received a dividend, my investment is down ( my risk ) and i will not be able to afford the full RI. Yes, i invested in Amigo to hopefully make some money but mainly because i believe in the company and making money available to those who find it hard to borrow. Many years ago ( about 37 ish ), i took out a loan with the Nat West bank. I needed it because i had started my own business and cash flow was running tight. The amout was £15k. Nat West let me have the loan, on one condition, my Father went guarantor for me ! Guarantor loans is not something new, banks have done it for decades or more and will continue to do so. The market needs companies like Amigo, people need companies like Amigo, because the big 4 banks just will not look at certain people or certain small businesses. I hope that Amigo survive and i have no problem if the redress pot to genuine claimants has to be increased over time in order to make that happen. I believe if wind down happens, the pot for redress gets reduced? I hope that does not happen, i hope genuine claims get their due monies !
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