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Post by jasonnewman on Apr 10, 2020 13:50:48 GMT
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Post by jasonnewman on Apr 11, 2020 9:27:38 GMT
chris stuartassetzcapitalThere is an overwhelming majority that want's the Access account balances restored so can you do the right thing and restore the system to what it was pre-COVID? Thanks
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star dust
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Post by star dust on Apr 11, 2020 9:52:37 GMT
I'm not a particular fan of AC, and although I haven't voted in this poll, I don't necessarily disagree with the request.
Nonetheless, I think your incessant tagging of the platform reps and posting never ending polls could have a detrimental effect on what you are trying to achieve and is unlikely to have any impact on getting your funds back any faster. If I was Chris or Stuart I would be resolutely ignoring you by now and far less likely to post anything on the P2PIF at all. That outcome would be to the disadvantage of all the forum's AC investors.
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bg
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Post by bg on Apr 11, 2020 9:59:25 GMT
Nonetheless, I think your incessant tagging of the platform reps and posting never ending polls could have a detrimental effect on what you are trying to achieve and is unlikely to have any impact on getting your funds back any faster. If I was Chris or Stuart I would be resolutely ignoring you by now and far less likely to post anything on the P2PIF at all. That outcome would be to the disadvantage of all the forum's AC investors. Agreed. It's also somewhat hypocritical to call for action because there is a majority in a small poll but in the numerous other polls he started that have a much bigger majority on many more votes he still calls for action on the minority view.
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iRobot
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Post by iRobot on Apr 11, 2020 10:29:19 GMT
Agreed. It's also somewhat hypocritical to call for action because there is a majority in a small poll but in the numerous other polls he started that have a much bigger majority on many more votes he still calls for action on the minority view. And a result declared after 19/20 hrs and most of those overnight as well. Indicative of the OP's patience, perhaps? 
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Post by jasonnewman on Apr 11, 2020 10:30:46 GMT
Stardust There is money growing in the access account due to repayment of loans but this is not being given back to investors who wish to withdraw the cash. AC need to be held to account, I believe users need to take a more firm stand. AC should not have taken away the balance data to show the bare minimum, what have they got to hide? Their actions do not instil trust, they need to re-instate the balances immediately in my view and based on what everyone else wants from the poll results above. chrisstuartassetzcapital |
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bg
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Post by bg on Apr 11, 2020 10:35:52 GMT
Stardust There is money growing in the access account due to repayment of loans but this is not being given back to investors who wish to withdraw the cash. AC need to be held to account, I believe users need to take a more firm stand. AC should not have taken away the balance data to show the bare minimum, what have they got to hide? Their actions do not instil trust, they need to re-instate the balances immediately in my view and based on what everyone else wants from the poll results above. chris stuartassetzcapital I'd refer you to this poll here which someone kindly started. 87% in favour of AC retaining these balances to fund future drawdowns. Fairly convincing message from the users, no?
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iRobot
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Post by iRobot on Apr 11, 2020 10:55:39 GMT
Does knowing the absolute value of each Access Account's investment level tell us anything significant? I may be way off beam here, but as I see it, there are a number of inputs which, depending on the combinations and direction of flow, can affect that final value. Just because that final value increases or decreases, doesn't reflect whether those wishing to withdraw are receiving any money. eg: Opening figure £76m. During the day, £1m in redemptions and £2m in new investments come in. AC could: # make £3m in repayments to those wishing to leave and the new investment value is £75m. To the outsider it looks like only £1m has been returned to those wishing to withdraw, but that isn't the case - £3m has. -or- # make £1m in repayments to those wishing to leave and £2m to fund contractually obligated Tranche payments. The new investment figure would be £77m, which makes it look like no payments have been made to those wishing to withdraw, which again isn't the case. That's my take on it anyway. Happy to have it explained why I'm wrong.  |
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Mikeme
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Post by Mikeme on Apr 11, 2020 11:01:00 GMT
I'm not a particular fan of AC, and although I haven't voted in this poll, I don't necessarily disagree with the request.
Nonetheless, I think your incessant tagging of the platform reps and posting never ending polls could have a detrimental effect on what you are trying to achieve and is unlikely to have any impact on getting your funds back any faster. If I was Chris or Stuart I would be resolutely ignoring you by now and far less likely to post anything on the P2PIF at all. That outcome would be to the disadvantage of all the forum's AC investors. If it continues suspend him!
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littleoldlady
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Post by littleoldlady on Apr 11, 2020 11:11:12 GMT
Does knowing the absolute value of each Access Account's investment level tell us anything significant? I may be way off beam here, but as I see it, there are a number of inputs which, depending on the combinations and direction of flow, can affect that final value. Just because that final value increases or decreases, doesn't reflect whether those wishing to withdraw are receiving any money. eg: Opening figure £76m. During the day, £1m in redemptions and £2m in new investments come in. AC could: # make £3m in repayments to those wishing to leave and the new investment value is £75m. To the outsider it looks like only £1m has been returned to those wishing to withdraw, but that isn't the case - £3m has. -or- # make £1m in repayments to those wishing to leave and £2m to fund contractually obligated Tranche payments. The new investment figure would be £77m, which makes it look like no payments have been made to those wishing to withdraw, which again isn't the case. That's my take on it anyway. Happy to have it explained why I'm wrong. Whether you are right or wrong, IMO you are living in cloud cuckoo land if you think there is £2m a day going into a locked account when it could go instead into the same underlying loans at a higher rate of interest.
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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 Apr 11, 2020 11:19:34 GMT
Does knowing the absolute value of each Access Account's investment level tell us anything significant? I may be way off beam here, but as I see it, there are a number of inputs which, depending on the combinations and direction of flow, can affect that final value. Just because that final value increases or decreases, doesn't reflect whether those wishing to withdraw are receiving any money. eg: Opening figure £76m. During the day, £1m in redemptions and £2m in new investments come in. AC could: # make £3m in repayments to those wishing to leave and the new investment value is £75m. To the outsider it looks like only £1m has been returned to those wishing to withdraw, but that isn't the case - £3m has. -or- # make £1m in repayments to those wishing to leave and £2m to fund contractually obligated Tranche payments. The new investment figure would be £77m, which makes it look like no payments have been made to those wishing to withdraw, which again isn't the case. That's my take on it anyway. Happy to have it explained why I'm wrong. Whether you are right or wrong, IMO you are living in cloud cuckoo land if you think there is £2m a day going into a locked account when it could go instead into the same underlying loans at a higher rate of interest. Why? If people are investing long term, want an instant diversified portfolio without the hassle of choosing loans and the nominal protection of a provision fund then the fact the accounts are restricted access currently is a lesser consideration. I think you are underestimating the influence of convenience (and laziness).
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agent69
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Post by agent69 on Apr 11, 2020 11:23:20 GMT
I'm not a particular fan of AC, and although I haven't voted in this poll, I don't necessarily disagree with the request.
Nonetheless, I think your incessant tagging of the platform reps and posting never ending polls could have a detrimental effect on what you are trying to achieve and is unlikely to have any impact on getting your funds back any faster. If I was Chris or Stuart I would be resolutely ignoring you by now and far less likely to post anything on the P2PIF at all. That outcome would be to the disadvantage of all the forum's AC investors. If it continues suspend him! Along with all those in the Col forum who constantly complain about the FCA, and those that are always moaning about administrators (chose any of Col, Ly, FS, the complaints are pretty much the same)?
You can hide posts from any member if you choose, and I suspect that AC employees put the poster in question on their banned list a long time ago.
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iRobot
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Post by iRobot on Apr 11, 2020 11:37:38 GMT
Whether you are right or wrong, IMO you are living in cloud cuckoo land if you think there is £2m a day going into a locked account when it could go instead into the same underlying loans at a higher rate of interest. Those figures were nice and big to a) make it easier for myself to write and b) make it easier for both myself and others to hopefully understand my thinking. My view on the near- to mid-term flow of funds is significantly different.
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Post by jasonnewman on Apr 11, 2020 11:43:40 GMT
Since 27th March 2020 #1194 £555k #628 £910k #686 £1.6m #798 £885.2k #945 £735k A total of £4.685m has been repaid - Where has all that cash gone? Why is this cash not being used to pay back the withdrawal queue? chrisstuartassetzcapital |
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iRobot
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Post by iRobot on Apr 11, 2020 11:52:37 GMT
Since 27th March 2020 #1194 £555k #628 £910k #686 £1.6m #798 £885.2k #945 £735k A total of £4.685m has been repaid - Where has all that cash gone? Why is this cash not being used to pay back the withdrawal queue? You need to check you figures, all but one two are incorrect.
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