shimself
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Post by shimself on Feb 3, 2022 15:51:40 GMT
Update: "Lendy Administrators’ permit ex-director to sell property"The High Court has altered a worldwide freezing injunction to allow an ex-Lendy director to sell property it can be revealed. According to court papers recently filed, former Lendy director Tim Gordon, 42 of Chichester, has been granted permission from the court to vary a worldwide freezing injunction imposed on him and others in June 2020. Let's crowdfund it and then "pay" for it in write offs of the various amounts he owes us. If only
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shimself
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Post by shimself on Jan 7, 2022 17:40:14 GMT
The FCA has commenced criminal proceedings against the 2 former directors of Collateral (UK) Ltd (Collateral), Peter Currie and Andrew Currie, who each face 2 charges under the Fraud Act 2006 and 1 charge under the Proceeds of Crime Act 2002.
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shimself
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Post by shimself on Dec 12, 2021 17:53:15 GMT
... a fascinating read on the economics and challenges of building a network of fast charging points. I can highly recommend this (free) reading for anyone interested on the topic
This is fabulous. Many thanks
It reinforces my concerns about the costs on the Abundance offer. This crew are (have) built stations with 4 rapid chargers, complete with a roof, road access etc, for 200k€ (say £45k per charger) . Abundance people seem to be installing a charger only in an existing car park for £100K. Hmm.
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shimself
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Post by shimself on Dec 12, 2021 17:28:48 GMT
Hi Shimself just used your link out of interest and received the following message ''WARNING: Do not use this site for your real ThinCats business transactions as they will not be processed''Thanks for the correct login, which has now been bookmarked. Erm, despite what they say the UNreal site was showing my magnificent £36, same as the real one, and my messages were showing the withdrawal request generated on the unreal site 2 days ago Today however the withdrawal request generated on the real site doesn't work properly. Good ole TC eh?
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shimself
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Post by shimself on Dec 11, 2021 9:52:19 GMT
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shimself
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Post by shimself on Dec 10, 2021 17:00:10 GMT
Erm
The site is telling me it's just a test site
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shimself
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Post by shimself on Sept 29, 2021 8:55:57 GMT
I spent my early years designing machine tools, we still had designers in the team who insisted on designing shafts to 25.4mm round because they wanted an inch of steel but had to design in metric.
When at school I spent a happy afternoon visiting the guy who designed the Hubble telescope mirrors. He worked in metric, the USA team who built the structure worked in imperial, the rest is history.
I can't find it now, but I remember that there was a legitimate different conversion, 25.3977 sort of thing. Which was in use until, I suppose, the international agreement in 1959. I genuinely had a quarrel with an American business about it.
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shimself
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Post by shimself on Sept 18, 2021 11:51:32 GMT
Didn't they start off with boats (being based in Portsmouth makes sense). Was it always the plan to switch into property?
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shimself
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Post by shimself on Sept 14, 2021 11:39:29 GMT
AS seems very much active in the UK.
He has got numerous appointments listed by Companies House (some active, some not). Gives his country of residence as France. (Potentially Clara, midway between Perpignan and Andorra?) but his business interests are primarily in the UK.........
I note that the defence statement filed 25/11/20 states that AS is/was a Swiss national (second page, para 4). My interpretation would be that this refers to the time period when he was LB's manager i.e. approx September 2010 - September 2011. His nationality as per Companies House documentation is not consistent with this and is given as English or British every time. Certificate of Incorporation for one of the companies, for instance, dated midway through this period on 23/03/11 gives his Nationality as British. Another publicly-available company administration document dated 21/04/09 gives his usual residence as an address in London.
Wouldn't it be nice if Companies House did identity checks, like those we all suffer
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shimself
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Post by shimself on Sept 11, 2021 10:22:15 GMT
I'm having a quarrel with a platform for having put up a loan proposition to a borrower who didn't exist, thus losing my investment
Has anyone heard of this happening ever on any platform, before or since? (REBS is the guilty party)
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shimself
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Post by shimself on Sept 9, 2021 11:52:24 GMT
They are saying it's about the wages statistical blip, and I can see their point; even Steve Webb the LibDem inventor of the triple Lock agrees. BUT they've also cut the link to inflation (probably would have been ~3%)
And that tells us (again and again and again) the BJ and crew never tell the truth
Whilst I don't particularly disagree on your final point, hasn't the lock been set at 2.5% or CPI which ever is HIGHER? I gathered that this year it will be 2.5%, end of. Whatever the inflation number is
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shimself
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Post by shimself on Sept 8, 2021 16:28:01 GMT
They are saying it's about the wages statistical blip, and I can see their point; even Steve Webb the LibDem inventor of the triple Lock agrees. BUT they've also cut the link to inflation (probably would have been ~3%)
And that tells us (again and again and again) the BJ and crew never tell the truth
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shimself
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Post by shimself on Aug 11, 2021 17:35:26 GMT
Why are administrators having to deal with the loan book? That should be done by normal staff as it would be if the platform was solvent and the basic cost of doing that charged from recoveries as normal. Most of the work of recovery is done by the specific IP appointed on the individual loan anyway. The way it being done creates a conflict of interest between the interests of creditors for whom the administrators work but derive no benefit from the recoveries and the lenders who derive the benefit from the work but arent represented by the administrators. Fundamentally flawed system which the FCA failed to consider. As did we all I think
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shimself
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Post by shimself on Jul 20, 2021 11:44:20 GMT
Hello Loanpad
I've tried asking you on twitter, I've tried asking by email. 3rd time lucky?
in the 83 loans, how many (unconnected) borrowers, properties, locations etc? how many Lending Partners (is it still HandF and nobody else?)
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shimself
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Post by shimself on Jul 16, 2021 18:58:31 GMT
I'm not a great believer in punitive rates unless one is sure that the borrower is just being an a**e. For me forbearance is often the right way to go being sure that the lenders are not being put into a worse position. So if with forbearance capital is returned and a lower of even no interest is received thats better than a capital loss and additional interest not received. I am a simple guy and do like the way AC in general manage the borrowers. There have been exceptions I know.
In my personal observation across p2p platforms it is very rare when punitive rates have any impact on the outcome from defaulted loans. Late rather than defaulted
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