“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