withnell
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Post by withnell on Sept 25, 2018 14:35:48 GMT
Would be good to get:
A breakdown of loans with a column for each of capital outstanding, interest/fees outstanding and cash on account, plus a rec of any other cash on account by loan for those settled A view on recovery of investor records (eg holding per investor by loan) Indications of any proposed repayment
Thanks in advance for giving up your time for this!
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elliotn
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Post by elliotn on Sept 25, 2018 15:01:35 GMT
Would be good to get: A breakdown of loans with a column for each of capital outstanding, interest/fees outstanding and cash on account, plus a rec of any other cash on account by loan for those settled A view on recovery of investor records (eg holding per investor by loan) Indications of any proposed repayment Thanks in advance for giving up your time for this! Yes, that would be incredible to get!
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michaelc
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Post by michaelc on Sept 25, 2018 15:32:14 GMT
If the NDA limits the committee members to discussing the weather and lunch, I wonder if they could simply give a three/four word summary (even if heavily caveated by their own subjectivity etc etc) that simply says "very bad", "bad", "not bad", "better than I expected", "good", "very good" or "don't know". So giving nothing away in detail that could comprise the NDA but nevertheless gives us _some_ idea....
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jj
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Jolly Jammy
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Post by jj on Sept 25, 2018 15:41:43 GMT
Below link is an example of the work BDO do.
P.s. Half way down the page.
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GeorgeT
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Post by GeorgeT on Sept 25, 2018 19:29:29 GMT
Good luck to Monetus. Give them hell.
Given they only have a statutory requirement to update us every 6 months which will mean we don't hear anything possibly until the end of the year, how about pressing for the updates to be made 4 monthly which means we will be due one next month.
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empirica
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Post by empirica on Sept 25, 2018 19:35:42 GMT
Good luck to Monetus. Give them hell. Given they only have a statutory requirement to update us every 6 months which will mean we don't hear anything possibly until the end of the year, how about pressing for the updates to be made 4 monthly which means we will be due one next month. I was expecting one next month anyway being six months from the date of appointment on 27th April.
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GeorgeT
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Post by GeorgeT on Sept 25, 2018 20:00:44 GMT
Good luck to Monetus. Give them hell. Given they only have a statutory requirement to update us every 6 months which will mean we don't hear anything possibly until the end of the year, how about pressing for the updates to be made 4 monthly which means we will be due one next month. I was expecting one next month anyway being six months from the date of appointment on 27th April. I don't know but they had to send us their first report within 8 weeks of their appointment and I think we got that in mid to late June so I thought the six months would start from then but I'm far from an expert in these matters.
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TitoPuente
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Post by TitoPuente on Sept 25, 2018 20:46:12 GMT
Below link is an example of the work BDO do.
P.s. Half way down the page.
Rent seekers. Benefiting from a deeply corrupted system.
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empirica
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Post by empirica on Sept 25, 2018 20:58:44 GMT
Looking at a few Administration cases on CH, I note:
03 Mar 2017 Appointment // 26 Apr 2017 Proposal // 19 Sep 2017 Progress report 07 Jun 2017 Appointment // 22 Jul 2017 Proposal // 02 Jan 2018 Progress report 16 Feb 2012 Appointment // 19 Mar 2012 Proposal // 07 Sep 2012 Progress report 06 Dec 2016 Appointment // 06 Jan 2017 Proposal // 30 Jun 2017 Progress report 09 Dec 2016 Appointment // 18 Dec 2016 Proposal // 03 Jul 2017 Progress report 01 Sep 2017 Appointment // 19 Oct 2017 Proposal // 22 Mar 2018 Progress report 01 Mar 2017 Appointment // 27 Apr 2017 Proposal // 08 Sep 2017 Progress report
So seems to be the six month anniversary of appointment but the one month grace period does still leave a little room for doubt.
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Godanubis
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Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
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Post by Godanubis on Sept 26, 2018 1:16:15 GMT
Looking at a few Administration cases on CH, I note:
03 Mar 2017 Appointment // 26 Apr 2017 Proposal // 19 Sep 2017 Progress report 07 Jun 2017 Appointment // 22 Jul 2017 Proposal // 02 Jan 2018 Progress report 16 Feb 2012 Appointment // 19 Mar 2012 Proposal // 07 Sep 2012 Progress report 06 Dec 2016 Appointment // 06 Jan 2017 Proposal // 30 Jun 2017 Progress report 09 Dec 2016 Appointment // 18 Dec 2016 Proposal // 03 Jul 2017 Progress report 01 Sep 2017 Appointment // 19 Oct 2017 Proposal // 22 Mar 2018 Progress report 01 Mar 2017 Appointment // 27 Apr 2017 Proposal // 08 Sep 2017 Progress report
So seems to be the six month anniversary of appointment but the one month grace period does still leave a little room for doubt. I don’t want a report I want my 26K plus interest that should have all repaid by now ! They never had defaults before in COL so why should there be any delay ?..
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m2btj
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Post by m2btj on Sept 26, 2018 8:14:58 GMT
Below link is an example of the work BDO do.
P.s. Half way down the page.
I read that tragic story yesterday. Can't help thinking of these people as vultures picking over a carcass....that's exactly what they did at Carillion!
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11025
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Post by 11025 on Sept 26, 2018 8:28:44 GMT
Below link is an example of the work BDO do.
P.s. Half way down the page.
I read that tragic story yesterday. Can't help thinking of these people as vultures picking over a carcass....that's exactly what they did at Carillion! It is up to us with the help of the credit committee to prevent that happening here.
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empirica
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Post by empirica on Sept 26, 2018 9:02:05 GMT
I don’t want a report I want my 26K plus interest that should have all repaid by now ! They never had defaults before in COL so why should there be any delay ?.. Your omniscience is slipping. COL had a series of car loans default in July last year (which they fully recovered).
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Godanubis
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Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
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Post by Godanubis on Sept 26, 2018 10:50:28 GMT
I don’t want a report I want my 26K plus interest that should have all repaid by now ! They never had defaults before in COL so why should there be any delay ?.. Your omniscience is slipping. COL had a series of car loans default in July last year (which they fully recovered). Corrected ! I ment they never had any losses. All their loans were of reasonable quality and should have been able to refinance those that did not fully redeem. A current state of all loans should be the least we should expect. Quick action on those not performing which should include using their contacts to help borrowers refinance. The car loans were “ technically defaulted” due to company failure they did no go beyond term and did not need recovery as they paid when due you just could not trade the loans.
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elliotn
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Post by elliotn on Sept 26, 2018 11:46:45 GMT
Below link is an example of the work BDO do.
P.s. Half way down the page.
I read that tragic story yesterday. Can't help thinking of these people as vultures picking over a carcass....that's exactly what they did at Carillion! Subsequently abbreviated to Carrion
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