southport
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Post by southport on Jul 20, 2017 22:21:52 GMT
We are not rushing to judgement on this loan. There are advisers involved that need to be given the opportunity to answer questions that have been put to them. This is all I can say until we have the facts and I am afraid we won't be commenting until we have had those answers.
I take it from this comment that the repayment is not as straight forward as it should be??
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macq
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Post by macq on Jul 20, 2017 22:48:53 GMT
We are not rushing to judgement on this loan. There are advisers involved that need to be given the opportunity to answer questions that have been put to them. This is all I can say until we have the facts and I am afraid we won't be commenting until we have had those answers.
I take it from this comment that the repayment is not as straight forward as it should be?? pure conjecture & i may be misreading the tone of the answer but would seem Ablrate are not as happy as they make out in some of the other replies with the way this has been dropped in their lap and the way its been handled
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Post by ablrate on Jul 21, 2017 14:36:18 GMT
We are not rushing to judgement on this loan. There are advisers involved that need to be given the opportunity to answer questions that have been put to them. This is all I can say until we have the facts and I am afraid we won't be commenting until we have had those answers.
I take it from this comment that the repayment is not as straight forward as it should be?? No problem with the repayment at all, we already have the majority of the funds, just awaiting the balance.
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Balder
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Post by Balder on Jul 25, 2017 18:05:29 GMT
I know today 25/7/17 isn't over yet but I thought this was re-paying today.
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blender
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Post by blender on Jul 25, 2017 18:46:06 GMT
I know today 25/7/17 isn't over yet but I thought this was re-paying today. The admin notes say tomorrow. The interest is being calculated, but it should be exactly a repeat of what was paid on 19th, since trading is halted, the loan is not amortising, and the lenders had received no funds by 19th.
7.5 Interest and Fees in respect of any prepayment shall be calculated up to the Repayment Date following receipt of funds.
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Balder
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Post by Balder on Jul 25, 2017 18:51:29 GMT
I know today 25/7/17 isn't over yet but I thought this was re-paying today. The admin notes say tomorrow. The interest is being calculated, but it should be exactly a repeat of what was paid on 19th, since trading is halted, the loan is not amortising, and the lenders had received no funds by 19th.
7.5 Interest and Fees in respect of any prepayment shall be calculated up to the Repayment Date following receipt of funds.
Thanks, I should have checked rather than just looking at yesterdays email
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stevio
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Post by stevio on Jul 25, 2017 19:11:42 GMT
I know today 25/7/17 isn't over yet but I thought this was re-paying today. The admin notes say tomorrow. The interest is being calculated, but it should be exactly a repeat of what was paid on 19th, since trading is halted, the loan is not amortising, and the lenders had received no funds by 19th.
7.5 Interest and Fees in respect of any prepayment shall be calculated up to the Repayment Date following receipt of funds.
Email does say today though. AB do make a lot of late night payments
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stevio
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Post by stevio on Jul 26, 2017 14:57:55 GMT
The admin notes say tomorrow. The interest is being calculated, but it should be exactly a repeat of what was paid on 19th, since trading is halted, the loan is not amortising, and the lenders had received no funds by 19th.
7.5 Interest and Fees in respect of any prepayment shall be calculated up to the Repayment Date following receipt of funds.
Email does say today though. AB do make a lot of late night payments ablrate is this still for repayment today? Just its nearly 4pm and I note that this has been delayed a couple days from your original estimate already
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Balder
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Post by Balder on Jul 26, 2017 15:06:35 GMT
Good question I notice that the dashboard now shows a repayment for today - but my one only shows approx 70% of the total I have loaned!
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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 Jul 26, 2017 15:18:47 GMT
Good question I notice that the dashboard now shows a repayment for today - but my one only shows approx 70% of the total I have loaned! Didnt they say they were looking to do a partial repayment to allow people to take advantage of the new loan?
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SteveT
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Post by SteveT on Jul 26, 2017 15:23:23 GMT
Good question I notice that the dashboard now shows a repayment for today - but my one only shows approx 70% of the total I have loaned! Didnt they say they were looking to do a partial repayment to allow people to take advantage of the new loan? Yes, in an update email a couple of minutes ago
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SteveT
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Post by SteveT on Jul 26, 2017 15:26:32 GMT
Partial repayment just paid, as per the email
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Balder
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Post by Balder on Jul 26, 2017 15:33:04 GMT
42% of capital repaid- seems low if 500K of 700K has been received even taking into account that the interest is included in the 500K.
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blender
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Post by blender on Jul 26, 2017 15:41:25 GMT
42% of capital repaid- seems low if 500K of 700K has been received even taking into account that the interest is included in the 500K. Ours also just under 42%. But the interest makes no sense.
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stevio
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Post by stevio on Jul 26, 2017 15:47:32 GMT
And now site is don for maintenance - did ablrate make a mistake? If not, I dont remember any scheduled maintenance and its a bit mean making a payment then not letting us move money around
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