Amigo - comment

The sliver of hope for Amigo in today's announcement is unlikely to lead to the revival of the company. Exclusivity has been given to Michael Fleming to seek debt investment. Fleming is a shareholder and was previously a wealth manager. It is hard to believe that he will find investors missed in the previous unsuccessful capital raise. Amigo is equally sceptical of any successful investment. Given the failure of the management team to complete a deal, this would be a pretty long shot. The exclusivity period to September 23 will require a quick turnaround.

https://polaris.brighterir.com/public/amigo_loans/news/rns/story/x21zezw