shimself
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Post by shimself on Nov 23, 2016 20:16:18 GMT
OK I gather your lawyers say that we have to get them.
Could you just tell us within the email that it comes from these accounts (or even better also tell us what our holding if any is in the Manual Account). This way we can make an instant informed decision as to whether to investigate further.
My guess is that nobody in a qaa/gbba has more than £100 in any of these loans (more than 1% ish of their holding), so you are asking us to take a lot of trouble over something where our vote would be practically negligible. It's only the Manual Account people who have any voting weight.
Thanks
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jonah
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Post by jonah on Nov 23, 2016 23:05:08 GMT
Whilst I agree that a flag for the account type makes a lot of sense, I suspect that there will be some people with sizeable percentages in GBBA loans. The last time I checked mine I had close to 20% in one loan with a 5 figure total. Whilst I am not doubt small fry, I suspect some people will be noticeably in the scheme of things.
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shimself
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Post by shimself on Nov 24, 2016 7:51:32 GMT
Whilst I agree that a flag for the account type makes a lot of sense, I suspect that there will be some people with sizeable percentages in GBBA loans. The last time I checked mine I had close to 20% in one loan with a 5 figure total. Whilst I am not doubt small fry, I suspect some people will be noticeably in the scheme of things. Wow, I am informed. Given all these transactions in micropence I am amazed that holdings are so lumpy, but there you go. Still, as presumably AC know what your holding is (if they don't then they can't weight the votes) they can still tell you when they email you.
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duck
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Post by duck on Nov 24, 2016 8:16:51 GMT
Assuming that it is yesterdays Email that has triggered this thread, I know that I hold £1.80 in this loan in my GBBA and my wife holds £146.99 in her GBBA.... I'm a spreadsheet nerd! As a MILA investor I didn't go into this loan.
Taking a different track to the one that I normally do when this subject comes up, assuming (big assumption) that GBBA holders read the Emails when they arrive, all they ever see is 'bad news' wrt their account since they never see the 'new loan coming' Emails.
If I was a more casual retail investor who read Emails I wouldn't have a very warm fuzzy feeling about the GBBA when all I saw was Emails giving me details of 'problems' on loans that I didn't know I was invested in. Unless you extract all the data (why should you it's a 'black box account) how are you to know if this loan represents 0.1% of your total account or 20%? Why should you care if the GBBA is PF protected?
There are some very mixed messages being sent out to GBBA account holders.
For those reasons I feel that rather than one Email being sent out to all lenders, different Emails should be sent to lenders depending on the account through which the investment was made.
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