hazellend
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Post by hazellend on Oct 4, 2018 8:02:39 GMT
E-mail notification that Crowdstacker have enforced their security and appointed administrators. Concerns started when the subsidiary with cross guarantee Co****tr**k went into administration. Plan is to sell venues over time. Was this referring to the A*******c A*******s loan on Crowdstackers, as I have a small part of that and didn't receive an email? The two companies are linked but don’t know if it affects them
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hazellend
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Post by hazellend on Oct 4, 2018 8:01:07 GMT
Without getting into the details of the Administrator's report, it looks like this is going to end up in another shortfall? Appalling. We already knew that.
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hazellend
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Post by hazellend on Oct 4, 2018 6:44:11 GMT
I was getting it on the sell side, had to give up
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hazellend
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Post by hazellend on Oct 4, 2018 5:52:25 GMT
Yes, I think someone else mentioned it in the bugs thread - guess you've been trying to hoover up some 95% loans? Seems that you can't buy if the capital@100% value is greater than your available funds - if you split into 2 smaller trades then it goes through fine Nope, that didn’t work for me.
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hazellend
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Post by hazellend on Oct 2, 2018 10:34:28 GMT
“Improvised” and “off-the-cuff” would also have been acceptable
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hazellend
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Post by hazellend on Oct 1, 2018 21:02:58 GMT
You may call being twisted round the borrower's little finger an overall satisfactory relationship Lendy, but apart from the borrower noone else is going to agree with you. This borrower is deep in default, can't pay for an extension, can't pay the bills on his other schemes, and can't even finish those that he's been telling you for months just need a bit of cleaning. He's out of control of his business, he's out of cash and he's laughing at you for letting him hang on to his patches of waste land. If you or he think he's going to get more cash from us to develop them then you've another think coming. Just look at how the sales queues on all his schemes have been shooting up over the last couple of weeks. Don't think for a minute you'd be upsetting this borrower by calling in the loan. If the truth be known he's likely expecting you to do it and would probably have a lot more respect for you if you did. Just get on with it and call it in and sell the land for what you can. It would make absolutely no difference to his other schemes, most of which stand a good chance of going the same way, and you'll probably eventually end up doing so in any case. Your supposed to be looking after our interests, not running a charity for over extended failures and their deluded daydreams. Thankfully Lendy will ignore your expert advice
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hazellend
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Post by hazellend on Sept 29, 2018 6:52:36 GMT
WhT about the 7 mill unsecured loan on cxxdstackers, did it draw down. If so that will massively dent crowdstackers reputation.
Also, weren’t they equity crowdfunding on crowdcube at one ppint
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hazellend
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Post by hazellend on Sept 27, 2018 12:04:38 GMT
I am more worried about the mental health of my fellow forumites
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hazellend
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Post by hazellend on Sept 27, 2018 8:46:26 GMT
Can I politely suggest that some people on this forum may have developed an unhealthy obsession with trustpilot and should reflect on how much of their time they are wasting on it.
If you feel angered by this comment, then consider that anger is a common response when an addict is confronted about their problem by a loved one.
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hazellend
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Post by hazellend on Sept 26, 2018 21:43:55 GMT
Did you read the update? They have fixed the software and are backdating the interest. Excellent! So you’re saying we’re going to be compensated by being given interest on the missing interest yes? Don't know but it would be peanuts anway and really not a big deal.
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hazellend
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Post by hazellend on Sept 26, 2018 20:51:04 GMT
Any one tried the small claim court yet? I wonder what would happen if Ly is taken to court for this. Did you read the update? They have fixed the software and are backdating the interest.
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hazellend
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Post by hazellend on Sept 26, 2018 20:22:47 GMT
Wrong. Slander is committed by the spoken word. You probably meant libelous? Did you fail to spot the obvious bit of fun when the suggestion was made that the people would now leave before Easter i.e. after Christmas. In any event it was fair comment by rocky1 so stop trying to threaten a forum user with ill advised legal terms. Yes, I meant libelous. Wasn't sure which one to use for an online discussion forum. Apologies, will slowly back away from the Lendy incessant hate brigade croc pit
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hazellend
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Post by hazellend on Sept 26, 2018 18:10:49 GMT
The only way to treat these disgusting vultures is to vote with your feet. Not a single drop of coin is to invested with them ever again. I hope we all get most of our money back one day There is nothing new to invest in anyway. By voting with your feet you are giving them your interest for free so it works in their benefit as SM is not moving due to no discounting. If Lendy get some decent new loans I will still invest. Probably not in any more DFLs now unless they look very good.
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hazellend
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Lendy (L) in Administration
Lendy update
Sept 26, 2018 14:30:04 GMT
via mobile
Post by hazellend on Sept 26, 2018 14:30:04 GMT
i think twam is just playing around lendy would not release info for legal reasons. Slander?
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hazellend
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Post by hazellend on Sept 24, 2018 23:21:39 GMT
Allowing discounting is the only thing that will get the SM moving
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