shimself
Member of DD Central
Posts: 2,561
Likes: 1,170
|
Post by shimself on Apr 15, 2021 21:40:48 GMT
Re NG and the "sponsors'" insurance
It feels to me that there's no money in it for the creditors and administrators. But there is for us. Is there some way we can band together and take it over?
|
|
shimself
Member of DD Central
Posts: 2,561
Likes: 1,170
|
Post by shimself on Apr 15, 2021 16:15:07 GMT
Charging has been free of charge and has cost the council £200k, they want to unload the network prior to charging being introduced, so this could be a real opportunity or it could be a collection of mostly 7kW chargers that are certainly not the fastest. There may be a continuing demand for these types of charger but will there be a decent return on investment? If Octopus green electricity costs let's say 10p and sells for 25p and each charger operates on average for 6 hours per day that looks like a gross profit per charger of about £2,000 per annum, which may not be that exciting.
Future focus is likely to be on much faster chargers comparable with the Supercharger network. Clearly VW, Mercedes et al will be investing heavily directly or indirectly in charging networks, will this one be left behind or bought up at a nice profit for I***a? I***a network of companies only formed in the last year, some very recently indeed, to take over part of the A**y business because A**y have decided they don't want this part of the business. The info pack is all about new installations isn't it?
I don't think it's guaranteed but I get the impression these must be Rapid (50Kw for unit illustrated) so that's say £7-50/hour profit, £50 a day, £20kpa. 2.5 years to pay back? Then there's some words about advertising but I don't have much faith in that.
ALSO (I have asked AI these): The budget is £50k per unit (50 units for £2.47M). It says here www.propertymanagerinsider.com/how-much-do-ev-charging-stations-cost/ that it's more like $13000 say £10,000. OK it's the USA not UK, but still 5X the cost? Working capital for early operations £0.79M. It sounds like an awful lot compared to yr 1 £0.5M (300K GP) sales. Or indeed yr 2 at £1.2M sales (720K GP).
Also noted if they get to 4M raised not the 3.2M then that extra 800K is spent 380K on more units and 340K on more working capital (80k on finance). Why add 43% to working capital but only 18% on units?
It all feels a bit fag packet budgeting to me
|
|
shimself
Member of DD Central
Posts: 2,561
Likes: 1,170
|
Post by shimself on Mar 30, 2021 15:48:13 GMT
Identification data (ID etc) plus my pictures/videos.I experienced this today, and I remembered your post. It was at Verification step with a European Crypto exchange (I won't state which one since it's off-topic). I had to take photos of my ID card, selfie, dance a bit of Tektonik (palm on shoulder then look over other shoulder...) and repeat loudly some random sentences. Plus provide info about my wealth and income. After a few minutes I were fully verified. I advise to target maximum Verification at registration to avoid retroactive requests. As you said, so it happens when you have no assets locked up. Mintos is not the only one to act this way, I had to verify on Kraken (this one I name it) when I withdrew the first time while it was completely no-KYC when I deposited long ago. At least exchanges lets you Verify voluntarily at registration, something Mintos doesn't do yet. I was dithering about this, so in the meanwhile I tried to withdraw my cash balance. I can't. I have sent a very angry email
|
|
shimself
Member of DD Central
Posts: 2,561
Likes: 1,170
|
Post by shimself on Mar 1, 2021 19:55:06 GMT
In a private email to the boss of a rival business with some knowledge he assumed that it was the Dev projects that dragged the company down. Actually do I gather they seem to be afloat?
I can understand the original p2p spv BTL venture going under, because it didn't really work out, the properties didn't increase in value, the rents barely covered the outgoings. So perhaps what's happening us that FF is getting shot of the headache.
Or not
|
|
shimself
Member of DD Central
Posts: 2,561
Likes: 1,170
|
Post by shimself on Feb 12, 2021 19:55:03 GMT
You can understand why he would be worried
|
|
shimself
Member of DD Central
Posts: 2,561
Likes: 1,170
|
Post by shimself on Feb 11, 2021 23:49:25 GMT
There are two Cambridge Universities? Are you referring to Anglia Ruskin as one? Otherwise I'm mystified (which is not an unusual state... ). A newish one in Cambridge, Boston, Massachusetts. Helped to establish itself by John Harvard and other Emmanuel College, Cambridge graduates. www.emma.cam.ac.uk/about/history/famous/?id=4I went on a tour of the newish one. I was really helpful to the guide pointing out the similarities and differences, but he didn't thank me
|
|
shimself
Member of DD Central
Posts: 2,561
Likes: 1,170
|
Post by shimself on Feb 3, 2021 17:01:35 GMT
Does anyone want to assist in drafting a small claim against a platform (the "borrower" was an identity fraud)?
|
|
shimself
Member of DD Central
Posts: 2,561
Likes: 1,170
|
Post by shimself on Feb 3, 2021 16:56:25 GMT
Now hold on. From your list of infamy I would like to reclaim Bondmason, Funding Empire, Landbay What have you got against OLC, FK? I don't know all of these, but yes there are also stinkers.
|
|
shimself
Member of DD Central
Posts: 2,561
Likes: 1,170
|
Post by shimself on Feb 3, 2021 16:51:04 GMT
Thanks. BLN/TC admin asked me to try another device. It turns out that, while I can't see my data from my PC with my usual browsers (Chrome, Firefox) even after what I believe to be a thorough cleanup, I CAN see it from my Android phone and from a Windows tablet. I can also see it from my PC if I log in with Opera, which AFAIK I have not previously used for BLN/TC. So, for anyone else having the same problem, I can only suggest try a different browser (new to BLN/TC) or a different device. If I find a fix I will let people know. (Also posted in the login thread on the private forum.) I have now got it fully working. In case others find merely clearing caches etc is not enough, this is what I did: Chrome - uninstall, reinstall with sync turned off, and without signing in to Chrome. Log in to the app then worked correctly. After logging out of the app, I signed into Chrome and turned sync back on. On trying again it was all good. It's possible much of this was unnecessary. It might have been sufficient to log in and out of the app while signed out of Chrome, then sign back in. Firefox - uninstall, manually delete remove user data and settings (which the uninstaller does not do), reinstall. Again, it's possible that only the 2nd step was necessary. Deleting user data and settings is pretty extreme and you will lose your bookmarks etc unless you back them up. Another thing that might have worked (rather similar to the approach for Chrome) is move the data folder so that Firefox "forgets" it, then log in and out of the app, then put it back. Rather than reinstall one of your tried and trusted browsers, use Edge (my last resort browser), or install Opera or Vivaldi or (see browserhow.com/best-browser-windows). You can uninstall it afterwards
|
|
shimself
Member of DD Central
Posts: 2,561
Likes: 1,170
|
Post by shimself on Feb 3, 2021 16:43:15 GMT
Thanks. BLN/TC admin asked me to try another device. It turns out that, while I can't see my data from my PC with my usual browsers (Chrome, Firefox) even after what I believe to be a thorough cleanup, I CAN see it from my Android phone and from a Windows tablet. I can also see it from my PC if I log in with Opera, which AFAIK I have not previously used for BLN/TC. So, for anyone else having the same problem, I can only suggest try a different browser (new to BLN/TC) or a different device. If I find a fix I will let people know. (Also posted in the login thread on the private forum.) I logged in using EDGE ! actually it went as sweetly as I've ever known. I ran an all time nominal ledger report and downloaded it in .xls And it worked. My advice go there now while the going is good
|
|
shimself
Member of DD Central
Posts: 2,561
Likes: 1,170
|
Post by shimself on Feb 3, 2021 16:32:57 GMT
They've published their accounts, audited by KPMG Weirdnesses. The owner is Russian, the company is headquartered in Croatia, the business is conducted in €uros, the accounts are in USD.
Most of the loans were in Khazakstan, but now all of a sudden they aren't The experience above by jmot showing significant levels of buyback which don't seem to be reflected in actual defaults and losses. Or are they Loan book and 2019 44M. (end 2018 23M) Interest earned before write offs during 2019 131M (which I make appx 400% APR assuming average loan book 33M). "credit loss allowance" which presumably means bad debts 83M. I'm struggling here, does this really mean that most of their loans become bad but this is more than made up for by the huge rates of interest?
I really really want to invest in €uros but this is just too hairy
|
|
shimself
Member of DD Central
Posts: 2,561
Likes: 1,170
|
Post by shimself on Feb 2, 2021 17:24:28 GMT
|
|
shimself
Member of DD Central
Posts: 2,561
Likes: 1,170
|
Post by shimself on Jan 19, 2021 21:20:00 GMT
Could one of us try small claims court for their share. (I don't live in UK so not me)?
|
|
shimself
Member of DD Central
Posts: 2,561
Likes: 1,170
|
Post by shimself on Jan 3, 2021 11:22:24 GMT
Please renew the security certificate
Did Not Connect: Potential Security Issue
Firefox detected an issue and did not continue to fundingempire.com. The web site is either misconfigured or your computer clock is set to the wrong time.
It’s likely the web site’s certificate is expired, which prevents Firefox from connecting securely.
What can you do about it?
fundingempire.com has a security policy called HTTP Strict Transport Security (HSTS), which means that Firefox can only connect to it securely. You can’t add an exception to visit this site.
The issue is most likely with the web site, and there is nothing you can do to resolve it. You can notify the web site’s administrator about the problem.
|
|
shimself
Member of DD Central
Posts: 2,561
Likes: 1,170
|
Post by shimself on Dec 14, 2020 15:16:36 GMT
For all the fine words Administrators are legally obliged to maximize return to the creditors not to us. And seem to have the habit or rewarding themselves mightily while they do so. afaik they don't have any obligation (or incentive?) to maximize our returns?
|
|