“board considering all options for company, including insolvency”
“Amigo decides to not appeal the rejection by the UK High Court of its scheme to settle compensation claims”
“Also considering the possibility of promoting another scheme of arrangement to avoid insolvency”
“Amigo will continue to liaise in the coming weeks with its regulator the Financial Conduct Authority to seek to address its concerns as quickly as possible”
"“Without a scheme, Amigo faces insolvency as it will be unable to satisfy its customer compensation claims as well as meeting the legally binding funding obligations owed to its secured creditors”
I believe the swing is alive. I want a lower entry price point though. Proceed with caution and at your own peril.
This is not investment advice. I may change my mind at any time without warning
This is not the same segment of the business. I think Lendable lends to much higher quality borrower. There is no way they make money lending at 28% without a guarantor otherwise.
I’m not sure a 30% drop would satisfy my needs at this point. I would like some more. And it doesn’t have to be all in one day. I’m happy to wait a few weeks to see it go down even further. If it goes up and shaters my hopes that’s just life doing its thing in the unseen future
I’d like a 30% drop tomorrow, please!
