macq
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Post by macq on Apr 2, 2024 12:22:44 GMT
As a corporate slogan its probably more catchy then - I Need A Mugs Money
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macq
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Post by macq on Mar 20, 2024 22:48:51 GMT
not sure the help/FAQ's work on the site anymore but ironically it used to say at One time that the wind down plan would be run by Huddle i believe?
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macq
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Post by macq on Mar 20, 2024 19:50:38 GMT
thanks - think i now realise why i went back to equity & bond funds But just to clarify are you saying if people don't read the email or just plain ignore due to apathy they are not eligible for any future payouts (wishful i know)? Or simply they will not have a say in the decision making? No. They will still be eligible for whatever is paid out for the individual loans for recoveries made for those loans. Filing a POD is purely to be eligible to vote on the specific decisions outlined at the moment. Down the line if lenders are held to be creditors and there is any money left in the general estate ie the companies assets not the individual loans, then a POD will be needed to receive a dividend. thanks appreciate the clarification
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macq
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Post by macq on Mar 20, 2024 16:03:53 GMT
Had not picked up on the admin notes until the email this morning and have not looked yet as just about to go to hospital appointment (made more sense to come here first with the bit of time i had!) but notice people mentioning a proof of debt form.Should they not know what each person has invested & expected repayments/interest etc without a claim form or am i missing something? The proof of debt form is a requirement for a creditor claim which is needed to vote on the proposals. It needs to be completed as lenders are not currently recognised as creditors so there is no automatic read across from sums on the platform & creditor claim so lenders have to indicate the debt (capital & interest) thanks - think i now realise why i went back to equity & bond funds But just to clarify are you saying if people don't read the email or just plain ignore due to apathy they are not eligible for any future payouts (wishful i know)? Or simply they will not have a say in the decision making?
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macq
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Post by macq on Mar 20, 2024 10:36:27 GMT
Had not picked up on the admin notes until the email this morning and have not looked yet as just about to go to hospital appointment (made more sense to come here first with the bit of time i had!) but notice people mentioning a proof of debt form.Should they not know what each person has invested & expected repayments/interest etc without a claim form or am i missing something?
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macq
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Post by macq on Mar 5, 2024 13:56:41 GMT
Maybe we have to wait for the administrators to open a branch in Dubai It already has a branch in Dubai www.quantumainternational.com/our-locations/united-arab-emirates"Quantuma Middle East launched in the Dubai International Financial Center (DIFC) in September 2021 to expand our international footprint and meet growing demand for our services in the region and on the global stage. From our offices in Dubai, we cover all jurisdictions across the Middle East." I should have guessed - i only thought to check Leeds!
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macq
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Post by macq on Mar 5, 2024 13:25:04 GMT
We know both Ablrate's Director and his buddy who he raised millions of pounds for on Ablrate that hasn't been returned to us are enjoying themselves in the Dubai sunshine, but what's happening in terms of Ablrate's administration process etc.? When can we expect to receive anything concrete from the administrators? Maybe we have to wait for the administrators to open a branch in Dubai
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macq
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Post by macq on Mar 1, 2024 9:05:10 GMT
Looking at the list of March big winners and see someone had a xmas gift better then socks with their only holding of £100 purchased in December picking uo £100,000
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macq
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Post by macq on Jan 23, 2024 22:29:18 GMT
A bit different but might be of interest to someone is a review on the Monevator site today of the new offering/product from the broker Freetrade of 28 day Treasury Bills
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macq
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Post by macq on Jan 19, 2024 10:05:34 GMT
I am just hoping they don't have to go to Dubai like everyone else
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macq
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Post by macq on Jan 16, 2024 16:01:42 GMT
But do they have a branch in Leeds?
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macq
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Post by macq on Jan 2, 2024 17:47:02 GMT
thanks for the (very) complete report and glad that you seem to be still doing well and fighting your corner for p2p.We are mainly out of p2p as new money investments apart from my wife continuing with Triodos Bank p2p/crowd funding (social type projects) using their bonds in an ISA.But a quick question have thought about Unbolted before - but wondering as per your write up why is accrued interest tricky to remove? actually you also mention a large maximum autolend amount but what kind of amount works? Thanks. Unbolted include accrued interest in their platform portfolio value figure. I can't see an easy way to calculate the value without the accrued interest, but I haven't tried very hard. I see that dave4 has pointed you in the direction of the thread that deals with autolend. Hopefully, that will give you sufficient info on the issue. I can't recall if it was mentioned there, but incase not, it isn't really an issue for those lending relatively small amounts, e.g. a few hundred up to a couple of £k. The reason for this is that, when you get an allocation in a loan you always get at least £5 allocated. In Dec I got 58 loan allocations. If my autolend was set to £5 max per loan, I would have been allocated £290 in loans. Over 6 months on that basis it would be £1,740 of allocations. Since most loans are for 6 months, after that time you would get a similar number of repayments as you would new loans. Some loans would also run late and/or need the security to be sold at auction. So, you could probably maintain around £2k on the platform with a £5 max autolend allocation with very low cash drag. Yes the thread dave4 linked has been helpful but thanks for taking the time for a more in depth example as well
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macq
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Post by macq on Jan 2, 2024 12:15:01 GMT
thanks for the (very) complete report and glad that you seem to be still doing well and fighting your corner for p2p.We are mainly out of p2p as new money investments apart from my wife continuing with Triodos Bank p2p/crowd funding (social type projects) using their bonds in an ISA.But a quick question have thought about Unbolted before - but wondering as per your write up why is accrued interest tricky to remove? actually you also mention a large maximum autolend amount but what kind of amount works? p2pindependentforum.com/post/483663/thread. This may be of interest. thanks for that - slaps forehead as he realises that might have been the place to look
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macq
Member of DD Central
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Post by macq on Jan 2, 2024 10:53:13 GMT
thanks for the (very) complete report and glad that you seem to be still doing well and fighting your corner for p2p.We are mainly out of p2p as new money investments apart from my wife continuing with Triodos Bank p2p/crowd funding (social type projects) using their bonds in an ISA.But a quick question have thought about Unbolted before - but wondering as per your write up why is accrued interest tricky to remove? actually you also mention a large maximum autolend amount but what kind of amount works?
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macq
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Post by macq on Dec 24, 2023 13:35:43 GMT
Remember the days when people complained about the bidding time and the need for the fastest finger first? Well we now know what finger it was and in what direction its been sent
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