kaya
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Post by kaya on Nov 12, 2016 16:33:06 GMT
It is my understanding that there did exist a 'family connection' re the Neth***** Ent******* Loan, and it is no secret that Collateral are directly connected to the Strange**** Film loan, as a simple google search will discover. These loans are completed and appear to be part of/connected to the history/other interests of Collateral, but clarification re the jewelery/gemstone loans would be very desirable as this is now the main asset security for lenders. As others have mentioned, going forward lenders may require more than just simple statements from collateral Rep regarding how these deals work.
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elliotn
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Post by elliotn on Dec 19, 2016 6:34:01 GMT
It is my understanding that there did exist a 'family connection' re the Neth***** Ent******* Loan, and it is no secret that Collateral are directly connected to the Strange**** Film loan, as a simple google search will discover. These loans are completed and appear to be part of/connected to the history/other interests of Collateral, but clarification re the jewelery/gemstone loans would be very desirable as this is now the main asset security for lenders. As others have mentioned, going forward lenders may require more than just simple statements from collateral Rep regarding how these deals work. As a new/would be investor would collateral please confirm now that the Pipeline section is successfully up & running that the following will be included as a matter of course/priority: - documentary evidence of VRs from independent retailers/wholesalers & dealers; - background to the main jewellery borrowers where these are ongoing relationships (without naming if that compromises commercial sensitivity) as provided for CS on MT by Ed and full partnership details on ABL; - what is the verification where the above value their own stock; - backgrounds of your asset underwriting panelists; - sample of the Buy Back, Assignment of Chattels and Sale Agency Agreements; - audit controls where borrowers value and continue to sell their own stock under these legal innovations; - any other info to facilitate independent risk assessment. Without the above we are being asked to invest on trust which a new platform cannot build without independent evidence, the workings of which suggest a focus on security and exit which prima facie should provide an attractive, risk adjusted investment.
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upland
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Post by upland on Dec 19, 2016 9:04:26 GMT
As a new/would be investor would collateral please confirm now that the Pipeline section is successfully up & running that the following will be included as a matter of course/priority: - documentary evidence of VRs from independent retailers/wholesalers & dealers; - background to the main jewellery borrowers where these are ongoing relationships - without naming if that compromises commercial sensitivity - as provided for CS on MT by Ed and full partnership details on ABL; - what is the verification where the above value their own stock; - backgrounds of your asset underwriting panelists; - sample of the Buy Back, Assignment of Chattels and Sale Agency Agreements; - audit controls where borrowers value and continue to sell their own stock under these legal innovations; - any other info to facilitate independent risk assessment. Without the above we are being asked to invest in trust which a new platform cannot build without independent evidence. I go along with this , anything mentioned in the above would be a good step from my view as a customer. For me it would improve your brand image considerably.
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oldgrumpy
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Post by oldgrumpy on Jan 17, 2017 15:28:17 GMT
Are any of the pawn shops/chains or valuers owned by or operated on behalf of directors/employees of Collateral? I too have been wondering the same, i wish Col would give us some reassurance, i do want to up my investments here, but the uncertainty........ edit......I do hope this is not a 'family' enterprise. GRUMP-BUMP.
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Post by Collateral Rep on Jan 17, 2017 15:35:47 GMT
Hi oldgrumpy, The answer to your question, is no. Thanks, Gordon
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