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Amigo Holdings secures cash for short-term operations

Amigo Holdings in is the middle of acquisition and funding discussions as it winds down
Amigo Holdings in is the middle of acquisition and funding discussions as it winds down

Sub-prime lender Amigo Holdings said today it had sufficient cash to operate for the next couple of months, following a reduction in its monthly corporate expenses.

However, the company, in midst of acquisition and funding discussions as it winds down, has no emergency funds to absorb any unanticipated events, it said.