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Post by roandy55 on Dec 16, 2019 17:36:48 GMT
On the fifth day of Christmas, Assetz sent to me. Another deferred update, no lender vote, 5 answered questions, 50p in interest, and a scotsman up a gum tree.
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Post by investor01010101 on Dec 16, 2019 21:09:50 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’. One can only assume the laird used 3 million of the cash to buy AC options in his own loan.......how else could 90% of investors think that is is going anywhere but down the pan?
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Post by investor01010101 on Dec 16, 2019 21:11:08 GMT
'nother vote coming soon ....Christmas Special? Any ideas for presents? Football boots? is that coming soon, or soon, or soon or the other soon?
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Post by gramsky on Dec 17, 2019 9:24:27 GMT
Apparently the borrower is voluntarily going to repay us c£1m+ over 12-16 months. Who is falling for that one?
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Post by davee39 on Dec 17, 2019 10:27:54 GMT
Apparently the borrower is voluntarily going to repay us c£1m+ over 12-16 months. Who is falling for that one? 90% of the lenders apparently!
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Post by brightspark on Dec 17, 2019 10:47:18 GMT
I think its 90% by capital invested rather than 90% of people invested.
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cb25
Posts: 3,522
Likes: 2,666
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Post by cb25 on Dec 20, 2019 16:54:39 GMT
'nother vote coming soon ....Christmas Special? Any ideas for presents? DM want an early Christmas present - another 12 month extension.
Quick recap: Aug 2017 - requested and got 3 month extension Dec 2017 - requested and got 3 month extension
Apr 2018 - requested and got 6 month extension Dec 2018 - requested and got 3 month extension Mar 2019 - requested and got 3 month extension Jun 2019 - requested and got 9 week extension Sep 2019 - requested and got 6 week extension Nov 2019 - requested and got 5 week extension
I guess DM think it only 'fair', what with Lenders past generosity in granting extensions and the fact Christmas is coming soon (money will be tight, none going spare for Lenders), that they ask for another 12 months.
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travolta
Member of DD Central
Posts: 1,458
Likes: 1,167
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Post by travolta on Dec 20, 2019 16:57:48 GMT
B for me
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cb25
Posts: 3,522
Likes: 2,666
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Post by cb25 on Dec 20, 2019 17:05:08 GMT
Same here and I'm going to keep voting for the loan to be called in, hoping that eventually enough Lenders realize that DM is taking AC and us for a complete ride, having a never-ending interest-free loan.
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Post by investor01010101 on Dec 20, 2019 17:09:05 GMT
B on both my accounts, my patience ran out months ago on this. Lots of promises again and another "mystery offer"..........
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Post by investor01010101 on Dec 20, 2019 17:10:54 GMT
Apparently the borrower is voluntarily going to repay us c£1m+ over 12-16 months. Who is falling for that one? 90% of the lenders apparently! I'm just waiting for the money to come through, just another month, next week, a few more days, unexpected expenditure came up can you wait another 12 months?
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cb25
Posts: 3,522
Likes: 2,666
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Post by cb25 on Dec 20, 2019 17:13:29 GMT
Duff & Phelps Ltd have been involved since June 2019, so we're 6 months on and absolutely no closer to seeing any money returned. Last payment was 21 Aug 2017.
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Post by bracknellboy on Dec 20, 2019 17:13:55 GMT
Ummm. Well I can't vote without doing a "Lender Certification". That seems wrong.
"Assetz: I'm already caught up in this bl**dy mess, I'm not looking to lend MORE money, just influence some of what I already have stuck in there. Which by the way is down to your rotten GBBA Series 1 account offering. ".
Still, having already done the appropriateness test, and not having been asked to certify, I hadn't realised there was this extra step.
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Post by gramsky on Dec 20, 2019 17:14:38 GMT
Have they got planning permission for the development plots?
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star dust
Member of DD Central
Posts: 2,998
Likes: 3,531
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Post by star dust on Dec 20, 2019 17:23:25 GMT
Ummm. Well I can't vote without doing a "Lender Certification". That seems wrong.
"Assetz: I'm already caught up in this bl**dy mess, I'm not looking to lend MORE money, just influence some of what I already have stuck in there. Which by the way is down to your rotten GBBA Series 1 account offering. ".
Still, having already done the appropriateness test, and not having been asked to certify, I hadn't realised there was this extra step.
Ironically I can vote as I certified, but I cannot access my piffling December bonus payment which has been kidnapped and will be held in a HOLDING ACCOUNT not paying any interest until I complete the appropriateness test! So I can do everything, vote, instruct, buy, sell, withdraw (not sure about depositing as absolutely no intention of doing that), but I can't withdraw what's supposed to be a bonus for investing.
Apparently the duration of the kidnap will be 20 days - 20 days of lost interest, but the 15 minutes of my time this test will reputedly take is hardly worth either the bonus or it's interest. Only been investing with them for 5+ years, how inappropriate can I be?
Great doing business with you AC.
In Edit: On subject - just voted, forever B for me, what's the betting A will get it. Unbelievable if it wasn't P2P.
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