trevor
Member of DD Central
Posts: 556
Likes: 379
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Post by trevor on Nov 6, 2019 19:17:19 GMT
A last chance
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Post by jevans4949 on Nov 6, 2019 19:26:57 GMT
Pure theatre. Didn't someone on here say this would be resolved by Christmas? OH NO IT WON'T !!!
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Post by df on Nov 6, 2019 21:44:03 GMT
I don't usually vote, but 227 is 3% of my AC portfolio, so I'm tempted. Apart from 3p in PSA and a little bit in access accounts, it's all in my GBBA1. None of it is in my manual account. In theory my preference should be "whatever takes less time", but PF is discretional and 962k doesn't look like sufficient amount to cover the shortfall (and it's not the only failed loan in GBBA).
I'll probably end up not voting, but I think for those involved in 227 in MLA - A is a better option. Prospect of receiving 1/3 of capital back soon is much better than waiting for miracles in distant future.
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slippery
Member of DD Central
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Post by slippery on Nov 6, 2019 22:24:45 GMT
Strategy 3 lists current value of secured assets as over £8m, and despite Assetz' caveats about the figures being D&P rather than their own, we must assume that if the values did not seem reasonable, the experts at Assetz would not have agreed to quote them to lenders as part of the basis for making a decision.
I thought response to the 2.11.2019 question by cd was helpful, with Assetz clarifying that D&P's only duty of care is to DM (my translation is that they will have earned their fee if they can rip us off and help DM to repay as little as possible to us).
Voting B again, but not expecting it to matter.
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cb25
Posts: 3,524
Likes: 2,667
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Post by cb25 on Nov 11, 2019 17:04:14 GMT
Results of recent vote:
Based on those who voted, the results are: - Option A: 90% - Option B: 10%
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rogedavi
Member of DD Central
Posts: 100
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Post by rogedavi on Nov 11, 2019 17:35:00 GMT
I going to start a petition for a peoples vote!
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jfh82
Posts: 77
Likes: 99
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Post by jfh82 on Nov 12, 2019 10:42:12 GMT
when will this nonsense end! in a month there will be another extension and another pipe dream sold to us. we're not getting interest and we're only going to see some capital when this get's put into administration - the way this is going it'll 5 years before the process even starts
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Post by brightspark on Nov 12, 2019 13:36:57 GMT
More concerning is that other failed platforms used to act in like manner stringing investors along for years.
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bg
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Post by bg on Nov 12, 2019 14:02:41 GMT
More concerning is that other failed platforms used to act in like manner stringing investors along for years. The difference here is that it's the investors who have chosen this course of action by a crushing majority. It's hard to argue with democracy (oh hang on....!)
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bugs4me
Member of DD Central
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Post by bugs4me on Nov 13, 2019 10:10:19 GMT
I’ve only got a few pennies left in AC - I was in this loan but exited before all the apparent ‘nonsense’ started. Nonetheless I do follow the DM thread with interest but confess to falling into the confused.com stage. So I’m hesitant about topping up my financial involvement with AC.
Seeing how some posters are extremely vociferous in their views often with common sense justification, it would appear the vote always goes against them - normally by a heavy margin.
As the controlling Director(s) of AC have numerous other business interests, I ask myself are they using their financial involvement to effectively sway the voting results - not just limited to this loan. The result is some borrowers seem to be given excessive leeway at the expense of normal lenders/investors.
So hmmmm..... springs to mind or is it just my imagination.
Anyway, just asking for those in the ‘know’.
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Post by queenvictoria on Nov 13, 2019 13:53:11 GMT
More concerning is that other failed platforms used to act in like manner stringing investors along for years. Yes, I agree. That is my concern too. Lendy, in particular, were masters of procrastination and MoneyThing (who are not yet failed but I suspect may be in the next batch) seem now to have adopted the same strategy. One difference with Assetz is that they are diligent at reporting when they say they are going to report, unlike Ly and MT who fail[ed] time and time again. They then provide a decent report and explanation when they do, again unlike Ly and MT both of whom use[d] the cut and paste method. I still have faith in Assetz but will be pleased when this particular loan is sorted.
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Post by brightspark on Nov 13, 2019 14:52:43 GMT
Platforms have a habit of changing their spots and what was previously a fairly safe haven can quickly turn into something else. The only way to attempt to keep them on the straight and narrow is to let them know that they are being watched like hawks and that misdemeanours and half truths will not be tolerated. In my book DM is in the very doubtful category along with wind turbines and anything that floats.
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travolta
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Post by travolta on Dec 7, 2019 16:07:07 GMT
'nother vote coming soon ....Christmas Special? Any ideas for presents?
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Post by crabbyoldgit on Dec 8, 2019 8:55:15 GMT
alternative christmas accommodation for a scottish laird at a salvation army residentual hotel, meals provided free of charge
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warn
Member of DD Central
Curmudgeon
Posts: 606
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Post by warn on Dec 8, 2019 20:34:53 GMT
How about a nice lapel badge?
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