|
|
Post by optymystic on Jun 17, 2018 20:23:55 GMT
Is the redaction of a company name designed to avert a libel? If I issue a defamatory statement in such a form that the entity under discussion is not named but clearly identifiable, is that really a defence against a libel action? If I write that Jacob Grease-Frog eats babies, does that get me off the hook of having libelled the creature? Or is there another reason for presenting the name in a garbled form?
|
|
|
|
Post by Ton ⓉⓞⓃ on Jun 18, 2018 7:18:27 GMT
Is the redaction of a company name designed to avert a libel? If I issue a defamatory statement in such a form that the entity under discussion is not named but clearly identifiable, is that really a defence against a libel action? If I write that Jacob Grease-Frog eats babies, does that get me off the hook of having libelled the creature? Or is there another reason for presenting the name in a garbled form? The forum at inception took legal advice and we're still following it. We included that advice in the rules which say that Borrowers must not be named etc.
4th rule:
|
|
|
|
Post by optymystic on Jun 18, 2018 7:58:38 GMT
"DO NOT post information$, links, attachments, images or any material that allows a borrower, their companies or their assets to be identified, either directly or indirectly..."
But there is no room for doubt as to the identity of the company under discussion, we are not merely allowing the company to be identified, we are deliberately, intentionally identifying the company in the title of the thread. I am very confused, I suspect I am not alone
|
|
|
|
Post by dan1 on Jun 18, 2018 8:48:51 GMT
optymystic - I think that most of the platforms only identify borrowers or their assets when users are logged in, they are generally not available on their public sites. Abundance are an exception to this (although there are other platforms who do the same). However, rather than manage the exceptions on a case by case basis we stick to the one rule to enable the forum to managed efficiently and avoid being dragged in to time consuming debates. I would say that most (?) borrowers do not want their loans to be easily identifiable and by masking the identity of the borrower and asset it makes it less likely to appear in search results (it's more difficult for internet search crawlers to link details when they're masked).
|
|
|
|
Post by optymystic on Jun 18, 2018 10:50:19 GMT
Just got back from Si***** Bus**ness P**k, where a man with a camera attracts a certain amount of attention and specifically complaints about tax payer funded businesses which appear to have very little er... business going on, not to mention the generation of heat and current. The only identifying mark on the building is of a previous incarnation of the company, some years old. My instincts are that whatever is left of the lease is probably the sole asset. ![]() |
|
liso
Member of DD Central
Posts: 390 
Likes: 394
|
Post by liso on Jun 18, 2018 11:41:04 GMT
18/5/18 update from MV directors stated
.....In terms of operations, the prolonged delay has been causing severe pressures on our cash flow and a number of our suppliers are also concerned. We have as a consequence had to run down operations of the CHP units until we know the outcome of Ofgem’s deliberations – a fact of which Ofgem is aware.....
so no surprise that you found not much business going on. But troubling.
|
|
Steerpike
Member of DD Central
Posts: 1,977 
Likes: 1,687
|
Post by Steerpike on Jun 29, 2018 11:30:09 GMT
Oh dear, this is not looking good at all.
I had far more in this than I should have done, currently looking like a total loss, wow £3.9m - that's a spicy meatball.
|
|
liso
Member of DD Central
Posts: 390
Likes: 394
|
Post by liso on Jun 29, 2018 11:50:16 GMT
Very bad news and few, if any, tangible assets to soften the loss.
Sinking ship.....
|
|
scc
Member of DD Central
Posts: 214
Likes: 163
|
Post by scc on Jun 29, 2018 12:44:05 GMT
Surely, can't be as bad as a complete loss. From the original offer doc, more than half of the cash went on actual equipment which presumably has some 2nd hand value - plus they've already paid out some of the interest that was due.
But yeah, not great though.
|
|
|
|
Post by optymystic on Jun 29, 2018 16:15:32 GMT
"more than half of the cash went on actual equipment which presumably has some 2nd hand value"
Less the cost of dismantling, shipping and re-deploying. My suspicion is that the kit is of greater value in situ than anywhere else. After all if it is putting current into the grid, to some extent it doesn't matter where it does it. My searches also suggest that it is the norm with this kind of CHP kit to purchase it through a kind of leasing arrangement involving support and maintenance rather as IT is often bought as a service through a rental agreement, so outright ownership in this case looks unusual. I also notice that a high proportion of the businesses on the neighbouring business park, including the park itself, to which power is meant to be supplied share the same directors, though not the directors of M********* V***** CHP. What are the contractual obligations to those other businesses?
I feel a CVA coming on.
|
|
Steerpike
Member of DD Central
Posts: 1,977
Likes: 1,687
|
Post by Steerpike on Jun 29, 2018 16:27:52 GMT
I would like to be positive about this project because I like local CHP but it is totally dependent on OFGEM and I see very little chance of the decision being reversed.
IME sale of assets such as this from distressed companies usually results in recoveries that barely cover the costs of the entity burying the corpse.
I wonder if there is a connected company that may be able to take the rusty old mothballed obsolete machinery off our hands?
|
|
scc
Member of DD Central
Posts: 214
Likes: 163
|
Post by scc on Jun 29, 2018 16:41:51 GMT
I would like to be positive about this project because I like local CHP but it is totally dependent on OFGEM and I see very little chance of the decision being reversed. IME sale of assets such as this from distressed companies usually results in recoveries that barely cover the costs of the entity burying the corpse. I wonder if there is a connected company that may be able to take the rusty old mothballed obsolete machinery off our hands? Well, I guess there are a few very similarly named debentures offered via Abundance....
|
|
|
|
Post by optymystic on Jun 29, 2018 16:54:49 GMT
I wonder if there is a connected company that may be able to take the rusty old mothballed obsolete machinery off our hands? There is another generator in the vicinity, I think it uses chip fat diesel or some such for emergency back up to the grid.
|
|
|
|
Post by johnny on Jun 29, 2018 17:01:29 GMT
Probably best waiting for the dust to settle and all avenues explored before we sell off the assets. Let's be honest if we get to that stage we will be getting nowt.
|
|
beh
Member of DD Central
Posts: 175
Likes: 77
|
Post by beh on Jun 29, 2018 19:39:50 GMT
Was hoping for some closure on this, to wait so long and still not really understand the problem.
|
|
