trouble
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Post by trouble on Jan 21, 2018 13:06:29 GMT
Just wondering how it can be reconciled if PF accounts hold the majority of debt, which means in a default scenario:
a) they can vote for the first offer and to hell with MLIA investors knowing the PF will cover their interest and capital
or conversely
b) if they are being paid their interest (as is promised very shortly by AC when they get their IT sorted), then actually do the complete opposite and reject a reasonable offer as they know they will carry on receiving interest and ultimately their capital at some point down the line
or
c) have i got my thought process wrong here?
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SteveT
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Post by SteveT on Jan 21, 2018 13:39:05 GMT
Most simply don’t bother voting.
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jonah
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Post by jonah on Jan 21, 2018 13:42:53 GMT
Just wondering how it can be reconciled if PF accounts hold the majority of debt, which means in a default scenario: a) they can vote for the first offer and to hell with MLIA investors knowing the PF will cover their interest and capital or conversely b) if they are being paid their interest (as is promised very shortly by AC when they get their IT sorted), then actually do the complete opposite and reject a reasonable offer as they know they will carry on receiving interest and ultimately their capital at some point down the line or c) have i got my thought process wrong here? Yes they can vote but as SteveT suggests the take up isn't huge. That said, AC have recently stated that if a PF protected account voter votes in such a way to lose value (I'm guessing for example to accept some debt forgiveness, but that is my guess not words from AC) then the PF will not cover that voters parts for that loan.
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trouble
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Likes: 97
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Post by trouble on Jan 21, 2018 14:10:35 GMT
Just wondering how it can be reconciled if PF accounts hold the majority of debt, which means in a default scenario: a) they can vote for the first offer and to hell with MLIA investors knowing the PF will cover their interest and capital or conversely b) if they are being paid their interest (as is promised very shortly by AC when they get their IT sorted), then actually do the complete opposite and reject a reasonable offer as they know they will carry on receiving interest and ultimately their capital at some point down the line or c) have i got my thought process wrong here? Yes they can vote but as SteveT suggests the take up isn't huge. That said, AC have recently stated that if a PF protected account voter votes in such a way to lose value (I'm guessing for example to accept some debt forgiveness, but that is my guess not words from AC) then the PF will not cover that voters parts for that loan. So are they still protected by the PF if they don't vote at all, or vote to reject every offer? If it's the latter then that might go against common sense to accept an offer, and screw the MLIA investors
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jlend
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Post by jlend on Jan 21, 2018 19:01:47 GMT
Yes they can vote but as SteveT suggests the take up isn't huge. That said, AC have recently stated that if a PF protected account voter votes in such a way to lose value (I'm guessing for example to accept some debt forgiveness, but that is my guess not words from AC) then the PF will not cover that voters parts for that loan. So are they still protected by the PF if they don't vote at all, or vote to reject every offer? If it's the latter then that might go against common sense to accept an offer, and screw the MLIA investors Assetz have said they will make it clear in any voting email if a particular voting option would mean you are ineligible for the PF. They have also said this situation has yet to occur.
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