adrianc
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Post by adrianc on Aug 11, 2019 10:55:42 GMT
So you give the interlopers your hard earned cash. They make a total pigs ear of investing it into decent secure loans. Woah, hold on... YOU - nobody else - reviewed the information on those individual loans and decided that the information was sufficient for you to invest in those individual loans. COL wasn't a black box.
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tx
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Post by tx on Aug 27, 2019 19:55:35 GMT
So could anyone kindly remind me, where are we with the liquidation and BDO?
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justme
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Post by justme on Aug 27, 2019 19:59:11 GMT
I believe we are due a report in October. Then more of the same 😁
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adrianc
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Post by adrianc on Aug 27, 2019 20:02:39 GMT
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tx
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Post by tx on Aug 27, 2019 20:07:14 GMT
Still no update then ... I really want to get this over with.
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Aug 27, 2019 21:18:44 GMT
I believe we are due a report in October. Then more of the same 😁 Next report is officially due next year as company is now in liquidation and statutory reporting requirements are annual not 6 monthly. BDO may decide to report more regularly & CC may be able to provide some info outside of NDA.
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ozboy
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Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on Aug 27, 2019 22:30:47 GMT
This COLL debacle is being milked relentlessly, and Bailey & his FCA have a LOT to answer for, they were instrumental in CAUSING it.
There were undoubtedly better, more business like ways of handling COLL's situation which would have considerably protected Lender's interests, as per the FCA's supposed "remit", instead they were drunk on their power and just smashed COLL up to prove some kind of point, without any consideration whatsoever of the repercussions on Lenders.
Compensation MUST be paid, Lenders did NOTHING wrong, we only did what the FCA recommends - "Check the Register."!!!
I mean, For Fornications Sake, how on earth can the FCA deny culpability and wash their hands of this "creation" of theirs?
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jcm9000
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Post by jcm9000 on Aug 28, 2019 7:11:38 GMT
The FCA seem too busy advertising PPI claims are coming to an end. They had a chance to take control and run this down properly. They had a chance, if they were so certain to destroy Col, to take the Directors down and chuck em in the clink. They had a chance to go after the supposed solicitors that I recall told the Col Directors (in an update Col posted) that they didn't need permission to operate or something along those lines (Smoke & mirrors? Who knows...). I look forward to the day they all answer for their incompetence and supposed crimes. We all know, alas, that will never happen. Rob a person on the street of a fiver, to the court you go. Rob many people of millions, that's ok, have a nice retirement. Excuse my ramblings, not enough sleep last night...
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kaya
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Post by kaya on Aug 28, 2019 10:55:58 GMT
So could anyone kindly remind me, where are we with the liquidation and BDO? Up the creek and down the pan.
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ptr120
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Post by ptr120 on Aug 28, 2019 18:19:28 GMT
A friend spoke to the liquidator recently and was told that it is likely that they will provide an update to investors in December but are not obliged to do so.
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jcm9000
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Post by jcm9000 on Aug 29, 2019 10:07:54 GMT
Merry Christmas, our partner bought a new AMG Merc on your dime, you get nowt. HAHAHAHA. Sorry, I mean HOHOHOHOHO.
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ozboy
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Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on Aug 29, 2019 11:21:46 GMT
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Carter
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Post by Carter on Aug 30, 2019 13:26:16 GMT
Come on ozboy, keep up. jcm9000 has clearly had early access to the draft update for December.
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Post by u09gp5 on Sept 16, 2019 10:09:27 GMT
What's the current status of returning un-borrowed, cash funds to investors?
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Post by gsp on Sept 20, 2019 11:31:32 GMT
The unborrowed cash will be held by BDO until the remaining funds have been recovered, meanwhile BDO will continue syphoning off £600/hour for each staff plus VAT
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