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Post by GSV3MIaC on Mar 20, 2020 10:21:34 GMT
/mod hat off
Good reply ablrate, but clearly this one is somewhat special, since the exit was supposed to be a stock market floatation iirc, and right now you couldn't float a balsa wood log, so some new plan or times scale is needed. Also explanation for any interest payment failure... Capital redemption failure is more obvious as to cause.
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Post by GSV3MIaC on Mar 19, 2020 16:48:35 GMT
Unless, of course, HMG starts handing out free money in all directions to avoid business closures... then even FC borrowers may be able to refinance with the bank of BoJo and co.
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Post by GSV3MIaC on Mar 13, 2020 15:03:08 GMT
Holidays, pubs, travel all looking very vulnerable .. however there are till some defensive places to be invested (baked beans probably up there with loo rolls).
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Post by GSV3MIaC on Mar 2, 2020 15:02:14 GMT
I expect liso wants an update saying 'no new information yet' ? We are into legal territories where 'mañana' is viewed as indecent haste.
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Funding Circle (FC)
Black Swan
Feb 28, 2020 12:20:36 GMT
Post by GSV3MIaC on Feb 28, 2020 12:20:36 GMT
20x the number of cases just makes the mortality rate look slightly better than regular flu. 20x the number of fatalities makes it a whole lot scarier..
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Post by GSV3MIaC on Feb 17, 2020 19:34:57 GMT
100% agree.. Moving the smoke and mirrors to NEX does nothing to avoid the 'let down' perpetrated (repeatedly) by the borrower. NEX can believe what they like, we have enough track record to know better.
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Post by GSV3MIaC on Feb 17, 2020 11:52:35 GMT
Unfortunately Ly directors are only one of the creditors who would benefit from Ly getting loadsadosh from the undocumented waterfall model. Even if they opted not to benefit there are lots of other creditors who would still want some.
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Post by GSV3MIaC on Feb 11, 2020 11:22:40 GMT
Do we know why RSM have apparently released NO money on some of the supposedly repaid loans (164 comes to mind)?? Dithering over the waterfall elements one can understand, but presumably there is 'free and clear' funds of some size?
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Post by GSV3MIaC on Feb 4, 2020 11:57:08 GMT
3Quite possibly one of the journalists who have already covered this mess might be willing to harvest a few more column inches by mentioning the fund raise. Telegraph!? Times?
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Post by GSV3MIaC on Jan 31, 2020 20:39:02 GMT
Might Kiva be deemed suitable? IMHO, WHY Oh WHY, has this been brought up or even raised? The REASON I ask this, is because some people have lost a lot and IF, by ANY chance the COSTS are returned, WHAT BUSINESS is it for anybody to suggest that those costs in TOTAL (if that is what you are suggesting) should be sent to a charity? IF you want to INDIVIDUALLY do it, so be it. PLEASE consider these comments on Trust Pilot and others, WHERE EVERY PENNY and POUND counts. Review on Trust Pilot, that was posted on the 10th April 2019; Oh dear it all seemed so great at the beginning.Oh dear it all seemed so great at the beginning,I got 12% interest as promised and was encouraged to invest more- I now have £11000 in a series of defaulted loans.some are outstanding now over two years with little or no action,ludicrously uninformative ‘ updates’ appearing every month to tell us nothing except we are proceeding/ as and when/we expect etc etc. This has caused me severe difficulties as I have had to borrow on credit cards to make up the deficit,at a period of great totally unexpected expenditure for me.I clearly can’t retire as planned due to these actions.nobodys dead,it’s not Stalingrad- but it is a daily source of worry and anxiety.reading the large number of negative reviews has not relieved this one iota.Avoid avoid avoid.
I asked what the plan was.. If there is one. Sending £50s back to individuals via credit cards may be an option, but it sounds like a lot of work to me. The chance of us actually having the problem seems small, but someone needs to consider it.. So that's why it was raised.
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Post by GSV3MIaC on Jan 31, 2020 14:50:50 GMT
If we should win the case, and get costs awarded (OK, 'fat chance') is there a plan to send it back to donors or (my preference as a minor donor) some suitable charity?
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Post by GSV3MIaC on Jan 29, 2020 15:02:29 GMT
/moderator hat off
I agree,.. After a year of being lied to by amateurs, and a couple of months of being lied to by professionals, aka various advisors and legal eagles, it is time to draw a line, followed by drawing some intestines. Just hope that by some miracle, the valuation stacks up.
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Post by GSV3MIaC on Jan 23, 2020 15:23:18 GMT
The issue is not whether the platform promised more lender funds to the borrower, but whether the borrowers can take legal action again any/all of the lenders, rather than the platform. See the LY London loan case for more background. That is where the 'loss more than amount lent' comes from.
There may be no merit in the borrower's case, but that doesn't help the lender(s) who got dragged into a court case miles away, and may never collect their costs.
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Post by GSV3MIaC on Jan 17, 2020 19:33:25 GMT
One and a half cheers for MT. 8>.
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Post by GSV3MIaC on Jan 10, 2020 12:41:57 GMT
Even MT are using the Fr**d word in connection with this borrower. If the door is left unbolted and open it makes it easy to walk in. True, but the dishonest get in anyway, and the honest just quietly close it.
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