ukinvestor
Member of DD Central
Posts: 116
Likes: 34
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Post by ukinvestor on May 24, 2021 8:23:44 GMT
The details of the T*o/P*o restructuring are now available...
82% haircut and get your money within 30 days
10% haircut and wait 5 years
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tinus
New Member
Posts: 1
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Post by tinus on May 24, 2021 9:13:16 GMT
Did you receive a different e-mail?
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Post by lotus_eater on May 24, 2021 17:22:44 GMT
Hi Guys,
I didn't get this email and it's not on their blog as far as I can see.
Any chance you could post it here please? Is it for outstanding Atlantis loans? Atlantis and Viventor are owned by the same people if I'm not mistaken? Sounds a bit fishy........
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ukinvestor
Member of DD Central
Posts: 116
Likes: 34
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Post by ukinvestor on May 24, 2021 20:46:47 GMT
Hi lotus_eater, You are correct. Gielen did buy Viventor a while ago as reported here. Gielen also owns A*s F*s as you mention and we are all waiting for an announcement on the restructuring of the A*s F*s loans. My original post is referring to the T*o/P*o loans. When T*o/P*o became insolvent over a year ago, Gielen was evaluating the options. They now decided to buy T*o/P*o. As a result, investors are given the two options: Guaranteed Buyback and Unguaranteed Buyback. All the details are in tinus' post except the small print: *As by our pricelist, a Cost Recovery Fee of 10% will be deducted before settlement Hence the difference in percentages. Unfortunately, the email is silent on interest rates going forward and the outstanding Funds In Transfer interest
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Post by brewmaster on May 26, 2021 19:00:31 GMT
Hi guys, is there any chance to get all of our money back? I think that second option of unguaranteed buyback is only bluff, because five year period is totally out of reality. First option is also unacceptable because we lost 90% of our investments. I would like to know your opinion and if is possible some juridical intervention against Viventor? Thank you.
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ukinvestor
Member of DD Central
Posts: 116
Likes: 34
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Post by ukinvestor on Oct 27, 2021 18:13:23 GMT
Well, their latest development of the account management fee is taking the mickey...
Anyone else ready to complain...
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