iRobot
Member of DD Central
Posts: 1,657
Likes: 2,450
|
Post by iRobot on Aug 31, 2020 16:59:02 GMT
totally incorrect and I am not discussing it further Fair enough - agree to disagree on that one. (Others can read the numerous observations made by multiple other posters and form their own opinions over the soundness and validity of your 'top-40' exercise.) did you actually post any final results / findings? Link please? How about some answers to the numerous other points and questions I've raised - preferably not on a digital post card, but here. eg: HERE , HERE and HERE
|
|
ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 10,848
Likes: 11,077
|
Post by ilmoro on Aug 31, 2020 19:24:34 GMT
No-one is that stupid, everything the original FS Directors did was deliberate. It was all planned & intended, including the sloppiness, and I strongly suspect that is why Noman got out when he did years ago. This is also why, in the fullness of time, they must swing. Simply just barring Luxmore and Our Nige from future Directorships would be a wrist slapping farce and an insult to Lenders when you look at the nuclear financial damage these two vile tossers created. Strong assertions, but how will they be proven and appropriate punishments meted out? Are FSAG doing anything? Nothing I've seen here suggests there's anything like the same level of organisation that's on LAG with regard to legal challenges. Maybe I should revisit FaceBook - is there anything of substance there? (I mean specifically around the desire for litigation against the FS directors. I recall a fund-raising to get legal representation for the CC's initial vote meeting - anything since? Figured I'd get an email or something if the donation jar was being passed around again.) Not really, there is some form of challenge to the fees being made, otherwise nothing on strategy has been revealed and much of the content mirrors that here (except no league tables) and no jar.
|
|
adrian77
Member of DD Central
Posts: 3,895
Likes: 4,122
|
Post by adrian77 on Sept 1, 2020 8:39:23 GMT
Totally agree 100% - just look at the huge number of gold-plated horlicks and the information we were given that has not been proven to be correct - e.g. site inspections that was made to validate the presence of non-existent wooden frames, fantasy reports about a powerboat being suitable for North Sea Oil terminals , lunatic valuations for mobile homes where there seems to be have a "counting" error regarding their state of completion etc, stories about having control of the art of yet they don't know where the hell itis - some if it may be Dubai!
I also think the later directors have more to answer for as they were in already in the property financing business and if I remember correctly there were issues with traceability of loan payments etc.
This whole thing stinks from top to bottom - rant over time for work. Believe me I often wonder if I am an idiot for not taking a FS loan and trousering the money
|
|
adrian77
Member of DD Central
Posts: 3,895
Likes: 4,122
|
Post by adrian77 on Sept 1, 2020 11:12:58 GMT
is this a serious question ? And no I am not discussing my post any further as I said
below was originally posted in Oct 2019
and the below is an extract
12) Cinema :called 100% wrong - prediction league 1 actual 100% recovery plus interest
38) D***ds Green
called 100% wrong full recovery with interest - predicted league 1
please let me know of any errrors/ommissions but out of interest I will finish this and double check it when the loan book is finally closed and I can forget the day I was stupid enough to invest with these muppets.
|
|
iRobot
Member of DD Central
Posts: 1,657
Likes: 2,450
|
Post by iRobot on Sept 1, 2020 11:54:17 GMT
is this a serious question ? Sure is. Maybe I should have worded it differently; "Did you post a conclusion? ie the final result of the exercise." When you wrote " in fact my top 40 did far worse than I expected so was an interesting exercise" it took that use of the past tense to suggest you'd wrapped it up. I see now that's not the case. Hmmmn... so much for writing comments along the lines of 'happy to be corrected' when it doesn't appear that you are at all happy if you can't even acknowledge those corrections. Each to their own, I suppose, but I would have thought your 'followers' deserved better. Link doesn't work - copied when in edit mode, by the looks of it. (For anyone else, try: p2pindependentforum.com/thread/15544 ) When updating, can you add loan numbers, where missing, please? Makes tracing and tracking a whole bunch easier. Ta.
|
|
iRobot
Member of DD Central
Posts: 1,657
Likes: 2,450
|
Post by iRobot on Dec 17, 2020 11:40:39 GMT
Update received. No surprises give 2nd charge nature of the loan but this caught my attention.
"... so alternative enforcement action will need to be pursued by the Administrators, in respect of their wider strategy around enforcing guarantees and taking action in respect of shortfalls."
Whether that's a simple 'holding line' on the part of the Administrators, or whether they do have serious indentations of pursuing some borrowers beyond the (relatively) simple enforcement of securitised assets remains to be seen.
Given CG&Co are only paid on results, I would imagine instances of the "wider strategy" will be limited to to those cases where the risk / reward ratio is very much in CGs' - and therefore lenders' - favour.
|
|
sundown
Member of DD Central
Posts: 80
Likes: 103
|
Post by sundown on Dec 17, 2020 12:15:34 GMT
Update received. No surprises give 2nd charge nature of the loan but this caught my attention. "... so alternative enforcement action will need to be pursued by the Administrators, in respect of their wider strategy around enforcing guarantees and taking action in respect of shortfalls." Whether that's a simple 'holding line' on the part of the Administrators, or whether they do have serious indentations of pursuing some borrowers beyond the (relatively) simple enforcement of securitised assets remains to be seen. Given CG&Co are only paid on results, I would imagine instances of the " wider strategy" will be limited to to those cases where the risk / reward ratio is very much in CGs' - and therefore lenders' - favour. "Indentations", like it! Someone needs to take a battering, that's for sure!
|
|