Aye it's a tricky situation. Fingers crossed it comes good for them (and those who've invested). The long term debenture was quite a big offer as the platform goes and taking a while to fill too. They are bound to struggle if/when they reopen it.
Interesting that it has occurred to as they seemed to have had a decent track record in these installations.
There are three pages in the offer document detailing the risks and that is why 12% was offered.
In any event it seems likely that, perhaps quite soon, investors in the first debenture will agree to transfer their investments to the (revised) long term debenture and this will not be a bad outcome if Ofgem (eventually) pass the RHI application(s).
I was amused to read that it all now hangs on some Offgem bureaucrat who belatedly announced their easter hols on Sunday evening. It's like some kind of Ealing comedy now Perhaps we should organise a mass easter egg sending for their return to keep them sweet.
I'm pretty confident we'll get our cash back - but perhaps over a longer time horizon than was originally planned. I'm very doubtful they'll make the 30th April deadline.
24-Apr-18 PM Are you planning on releasing an update soon?
"We are sorry that M***** V***** CHP have not been able to provide an update sooner. They are still awaiting the conclusion of the process with Ofgem in order to be able to come back to investors with a proposal for how to proceed. In any case, M***** V***** CHP will be sending out an email this week to provide an update on where things stand."
Last Edit: Apr 24, 2018 18:59:51 GMT by dan1: Masked borrower name