dandy
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Post by dandy on Apr 10, 2018 13:36:48 GMT
That would be on the Managerial Principle of "Anything I don't understand must be easy" ?! It is quite likely that reworking the website to be reliably read-only is quite a bit more complex than you might expect. The cost wouldn't be trivial, and who would be authorised right now to make that expenditure? And how would it help the administrator (whoever that turns out to be) to do their job? I’m an IT guy, have been for the past 20 years. I spent 10 years as a software developer. Bringing the website back in a read-only mode wouldn’t be difficult. In the crudest terms any update attempted can just be forced to return an error at the database layer. Not difficult to do, give it to me I’ll do it for free. Looks like a total shambles to me. Weeks have passed and there’s no visible progress. How can administrator allow the website up without all details being verified and reconciled by them first - else they will fall foul of some term or other in the Insolvency Act (I have thankfully never needed to read it though)
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blender
Member of DD Central
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Post by blender on Apr 10, 2018 14:09:54 GMT
The website is outsourced. Maybe there are costs associated with having it running.
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ceejay
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Post by ceejay on Apr 10, 2018 14:14:26 GMT
That would be on the Managerial Principle of "Anything I don't understand must be easy" ?! It is quite likely that reworking the website to be reliably read-only is quite a bit more complex than you might expect. The cost wouldn't be trivial, and who would be authorised right now to make that expenditure? And how would it help the administrator (whoever that turns out to be) to do their job? I’m an IT guy, have been for the past 20 years. I spent 10 years as a software developer. Bringing the website back in a read-only mode wouldn’t be difficult. In the crudest terms any update attempted can just be forced to return an error at the database layer. Not difficult to do, give it to me I’ll do it for free. Looks like a total shambles to me. Weeks have passed and there’s no visible progress. Well, if we're playing that game ... I see your "10 years as a developer" and raise you "20 years as an IT Project Manager, much of which was spent reining in over-enthusiastic techies who kept trying to tell me that it was all going to be done next week". If you've not read the code of this website, you don't know how big the job is. Which is all entirely irrelevant anyway, since in the absence of a functioning administrator then no-one is going to be touching anything. And I think the final point is perhaps the most important: if you think that "weeks have passed with no progress" is a terrible outcome then I think you are being absurdly overoptimistic about how long any kind of administration is going to take. It's not going to be a quick job. It never is. Do whatever you need to do to relax, but really, don't expect a quick result here.
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archie
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Post by archie on Apr 10, 2018 14:53:42 GMT
The existing website with all loans suspended from trading would do.  OK, I know it's not really that simple and may be not allowed at the moment. Just a thought. |
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jonno
Member of DD Central
nil satis nisi optimum
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Post by jonno on Apr 10, 2018 16:03:41 GMT
I’m an IT guy, have been for the past 20 years. I spent 10 years as a software developer. Bringing the website back in a read-only mode wouldn’t be difficult. In the crudest terms any update attempted can just be forced to return an error at the database layer. Not difficult to do, give it to me I’ll do it for free. Looks like a total shambles to me. Weeks have passed and there’s no visible progress. Well, if we're playing that game ... I see your "10 years as a developer" and raise you "20 years as an IT Project Manager, much of which was spent reining in over-enthusiastic techies who kept trying to tell me that it was all going to be done next week". If you've not read the code of this website, you don't know how big the job is. Which is all entirely irrelevant anyway, since in the absence of a functioning administrator then no-one is going to be touching anything. And I think the final point is perhaps the most important: if you think that "weeks have passed with no progress" is a terrible outcome then I think you are being absurdly overoptimistic about how long any kind of administration is going to take. It's not going to be a quick job. It never is. Do whatever you need to do to relax, but really, don't expect a quick result here. I bet mine's bigger than both of yours 
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amanda373
Anyone downloaded the full transcript of the Court Session with the FCA. .?
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Post by amanda373 on Apr 10, 2018 17:17:59 GMT
The report is part of the article by Financial thing has a link to the creditors report within the transcript. Starts "Collateral Peer to Peer. closes its doors....." sorry I am not savvy enough to upload it here!
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star dust
Member of DD Central
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Post by star dust on Apr 10, 2018 17:36:31 GMT
Breaking news......  Jessica is back from sick leave..... Extract from an email received late this afternoon "I have been out of the office as I have not been well. I can’t discuss any matters at this stage, our formal update to investors has once again been rejected by the FCA, so until the issue is dealt with at the hearing on 27 April 2018 I can’t go into matters any further. I have been advised to refer you to the statement issued by the FCA on 4 April 2018." |
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Post by brightspark on Apr 10, 2018 18:09:40 GMT
Now we can have another 100 pages speculating on the reason for Jessica's sick leave!!!
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moist
Member of DD Central
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Post by moist on Apr 10, 2018 18:15:42 GMT
Now we can have another 100 pages speculating on the reason for Jessica's sick leave!!! me telling her Col was a ponzi scheme.....and the FCA agreeing
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blender
Member of DD Central
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Post by blender on Apr 10, 2018 18:28:05 GMT
Jessica will just be an employee trying to do the job given. This situation will be very difficult for her; you don't get challenged by the FCA very often, and she may read this thread. Jessica is not to blame.
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jcb208
Member of DD Central
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Post by jcb208 on Apr 10, 2018 18:50:19 GMT
Breaking news...... Jessica is back from sick leave..... Extract from an email received late this afternoon "I have been out of the office as I have not been well. I can’t discuss any matters at this stage, our formal update to investors has once again been rejected by the FCA, so until the issue is dealt with at the hearing on 27 April 2018 I can’t go into matters any further. I have been advised to refer you to the statement issued by the FCA on 4 April 2018." The exact same reply I got today,I was asking why we have not had any updates
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Greenwood2
Member of DD Central
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Post by Greenwood2 on Apr 10, 2018 19:29:16 GMT
Gardening leave?
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empirica
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Post by empirica on Apr 10, 2018 19:50:38 GMT
Now we can have another 100 pages speculating on the reason for Jessica's sick leave!!! I'm just grateful for the 'significant information' thread which appears to have everything here surmised in just 12 posts.
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guff
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Post by guff on Apr 10, 2018 21:29:49 GMT
Every sympathy for her, but does Jessica get sick pay?† And if so, who pays it?†
† These are rhetorical questions and do not require dozens of people asking her the same question by e-mail, as we probably know who will end up paying for answering them all.
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jonno
Member of DD Central
nil satis nisi optimum
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Post by jonno on Apr 10, 2018 22:48:25 GMT
Apparently it's an acute case of "Collateral Damage"  |
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