SteveT
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Post by SteveT on Oct 28, 2016 18:47:02 GMT
Often the weekly updates are added late on a Friday night or on Saturday morning. I'll be surprised if this one is suddenly defaulted when recent updates have all pointed to expected imminent repayment, but nothing is impossible.
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ablender
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Post by ablender on Oct 28, 2016 18:48:51 GMT
Hope you are right.
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ablender
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Post by ablender on Oct 29, 2016 21:21:07 GMT
New comment: Hold your breath till Monday. Obviously we will turn blue but so are the smurfs after all.  |
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ablender
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Post by ablender on Dec 2, 2016 17:48:35 GMT
Last Comment on 26Nov2016: "We understand that clearance has been authorised and funds should be drawn down early next week (my bold) allowing the loan to be repaid. The land transaction is also on target for completion next week." fundingsecure - The week has started - finished and gone. What is the reality behind this loan? |
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stub8535
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personal opinions only. Not qualified to advise on investment products.
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Post by stub8535 on Dec 18, 2016 17:27:53 GMT
Reading all the updates since August leads me to think that the borrower has kissed the blarney stone many times and the account manager at grossly gullible, sorry fs!, has been taken in by so many excuses and missed payments.
Why, fs, did you have sight of the letters of credit and not spot the irregularities? Is their a need to put these in front of your solicitors in future before accepting them on our behalf, as reasonable vehicles to get lenders' money back?
As for the assertion that the transaction needs to complete before Christmas, really! Why, will the borrower be whisked away by Cinderellas coach and horses or Santas sleigh?
Please stop living in cuckoo land and get this loan defaulted. At least this will make the borrower use up another of their excuses from their extensive library.
What, fs, is stopping you taking this action?
In September you indicated that interest had been paid on the loan. Where is that cash and why has it not been distributed?
I checked the valuation again and saw its on behalf of tayco01 c/o Taylors solicitors.
Got my dd ding dongs going a little!
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ozboy
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Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on Dec 19, 2016 16:17:16 GMT
Totally agree, we're being taken, full settlement by 5pm this Friday 23rd or Default the Loan.
It's the old story, show them your not a mug, and they won't take you for one.
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ozboy
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Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on Dec 19, 2016 16:19:12 GMT
PS: I presume that the "needs to complete before Christmas" is FS parlance for that otherwise they WILL default the Loan.
I hope so anyway.
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ablender
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Post by ablender on Dec 31, 2016 15:31:23 GMT
fundingsecureI know it is NewYear's Eve but given that your last update (dated 24/12/16) said: "We have been in daily contact with the borrower. The 2 potential sources of finance for completing the transaction are still available. He has negotiated an extension to the transaction and hopes to complete between Christmas and New Year" I think it is appropriate to expect at least the usual lame update.
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stub8535
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Post by stub8535 on Dec 31, 2016 17:27:11 GMT
Expect 0 return for at least 5 years. That's probably how long they will carry on conning the platform and the platform will allow them based on past evidence. No contact Tuesday = default the loan and get it called in. Documents are total con. Can't you see the issue with the solicitors name and the borrowers name?
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ablender
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Post by ablender on Dec 31, 2016 18:07:40 GMT
Expect 0 return for at least 5 years. That's probably how long they will carry on conning the platform and the platform will allow them based on past evidence. No contact Tuesday = default the loan and get it called in. Documents are total con. Can't you see the issue with the solicitors name and the borrowers name?What do you mean? PM me please if you cannot discuss here.
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Post by Deleted on Jan 3, 2017 9:52:55 GMT
Expect 0 return for at least 5 years. That's probably how long they will carry on conning the platform and the platform will allow them based on past evidence. No contact Tuesday = default the loan and get it called in. Documents are total con. Can't you see the issue with the solicitors name and the borrowers name?Significant accusations, please explain more ...
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stub8535
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personal opinions only. Not qualified to advise on investment products.
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Post by stub8535 on Jan 3, 2017 11:09:24 GMT
Expect 0 return for at least 5 years. That's probably how long they will carry on conning the platform and the platform will allow them based on past evidence. No contact Tuesday = default the loan and get it called in. Documents are total con. Can't you see the issue with the solicitors name and the borrowers name?Significant accusations, please explain more ... To make an accusation one needs concrete evidence. If I had that then it would be a solicitors letter and not a personal opinion that I would have created. As has been pointed out to me I may be reading too much into the solicitors name and the borrowers name and linking them. Through pure frustration at FS inability to look after lenders interests in a more businesslike way on this loan.
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Post by Deleted on Jan 3, 2017 12:33:00 GMT
Significant accusations, please explain more ... To make an accusation one needs concrete evidence. If I had that then it would be a solicitors letter and not a personal opinion that I would have created. As has been pointed out to me I may be reading too much into the solicitors name and the borrowers name and linking them. Through pure frustration at FS inability to look after lenders interests in a more businesslike way on this loan. Thanks for the update ... so maybe the documents are not a total con after all.
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stub8535
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personal opinions only. Not qualified to advise on investment products.
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Post by stub8535 on Jan 3, 2017 13:33:30 GMT
To make an accusation one needs concrete evidence. If I had that then it would be a solicitors letter and not a personal opinion that I would have created. As has been pointed out to me I may be reading too much into the solicitors name and the borrowers name and linking them. Through pure frustration at FS inability to look after lenders interests in a more businesslike way on this loan. Thanks for the update ... so maybe the documents are not a total con after all. You may judge the over inflated figures and out of date data used as accurate if you wish. As for the silly excuses we have been presented with, on the website, and in the report, you can believe them or not. It's your choice. I, amongst others, have a healthy dose of cynicism towards the garbage excuses being peddled and FS reaction to each line from the borrower on this loan. This loan needs firm action now, in accordance with the terms of the loan to the borrower, from FS to apply all actions in order to get our money back. I do hope I can get out if it roles over. Do you wish to purchase?
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Forward
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Post by Forward on Jan 3, 2017 14:55:11 GMT
Thanks for the update ... so maybe the documents are not a total con after all. You may judge the over inflated figures and out of date data used as accurate if you wish. As for the silly excuses we have been presented with, on the website, and in the report, you can believe them or not. It's your choice. I, amongst others, have a healthy dose of cynicism towards the garbage excuses being peddled and FS reaction to each line from the borrower on this loan. This loan needs firm action now, in accordance with the terms of the loan to the borrower, from FS to apply all actions in order to get our money back. I do hope I can get out if it roles over. Do you wish to purchase? “I do hope I can get out if it rolls over” not going to happen this was a roll over, cancelled due to the lack of lenders. See earlier threads dated 23 Sep 2016
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