mw
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Post by mw on Apr 2, 2020 9:10:30 GMT
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jonno
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nil satis nisi optimum
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Post by jonno on Apr 2, 2020 9:12:04 GMT
In the meantime, will they return to lenders the amount not earmarked for legal fees should opt 2 proceed? I was unclear on that, or perhaps missed it. Yes.
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Post by brendondoubleu on Apr 2, 2020 9:14:52 GMT
In the meantime, will they return to lenders the amount not earmarked for legal fees should opt 2 proceed? I was unclear on that, or perhaps missed it. Yes. and 2 for me. Think someone's trying to take the p**s!
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james21
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Post by james21 on Apr 2, 2020 9:18:35 GMT
MT charges high at £104k, would like a breakdown Would like to know who bought it and if an associate of te borrower
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Post by oktaeder on Apr 2, 2020 9:23:12 GMT
So to do the math - 80% loss for lenders - only 20% of the value of former 4.12m as result ?! - 1/3 for administration fees etc. ?! I'm not impressed at all.
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pom
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Post by pom on Apr 2, 2020 9:29:17 GMT
So to do the math - 80% loss for lenders - only 20% of the value of former 4.12m as result ?! - 1/3 for administration fees etc. ?! I'm not impressed at all.
Well make sure you direct your ire in the right direction. If it had achieved anything like the predicted value the fees would have been proportionately minimal. Total no brainer for me, option 2
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pom
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Post by pom on Apr 2, 2020 9:31:13 GMT
Would like to know who bought it and if an associate of te borrower As it was based on the best of "full and final offers" it'd be academic. Given covid etc I'm rather glad the sale has already happened so that a) its sold and b) the valuer can't argue "we couldn't have predicted covid" (because I suspect that will be happening a LOT)
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Post by cg27 on Apr 2, 2020 9:47:44 GMT
So to do the math - 80% loss for lenders - only 20% of the value of former 4.12m as result ?! - 1/3 for administration fees etc. ?! I'm not impressed at all.
This is the biggest loan I invested in Moneything. I really can't believe this result!
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Post by carol167 on Apr 2, 2020 9:52:23 GMT
I'm not in this one. Should I still vote ?
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Post by northender on Apr 2, 2020 9:57:32 GMT
I'm not in this one. Should I still vote ?
No. The vote will be based on your holding in this loan.
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corto
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one-syllabistic
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Post by corto on Apr 2, 2020 10:00:02 GMT
Option B, obviously.
This will take a long time. How does this go with MT winding down?
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Post by cg27 on Apr 2, 2020 10:04:49 GMT
Would the vote be weighted by the amount of money invested?
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jonno
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nil satis nisi optimum
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Post by jonno on Apr 2, 2020 10:19:35 GMT
Would the vote be weighted by the amount of money invested? Yes.
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cedarcourtcapital
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Listening is not the same as understanding
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Post by cedarcourtcapital on Apr 2, 2020 10:49:23 GMT
MT charges high at £104k, would like a breakdown Would like to know who bought it and if an associate of te borrower That figure jumped right off the page at me. Without understanding the situation, and I would expect it now to be explained to me and other lenders, how was this seemingly massive figure was arrived at? Breakdown and justification please.
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nd
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Post by nd on Apr 2, 2020 10:54:48 GMT
Given the scale of loss on this one it has to be worth given the legal action a shot. Not much more to lose!
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