Steerpike
Member of DD Central
Posts: 1,961 
Likes: 1,680
|
Post by Steerpike on Mar 7, 2018 9:30:35 GMT
This will fill quickly as do most Archover loans, however, the forward looking statements and financial projections in #6321 lose credibility when viewed in the context of those in the #4123 pitch and there is no mention today of the large deviation from the predictions made in 2016.
|
|
registerme
Member of DD Central
Posts: 6,183
Likes: 5,989
|
Post by registerme on Mar 7, 2018 10:15:22 GMT
Well, that aside, "accountant looking to refinance borrowings for working capital looking to expand into IT, consultancy, and blah, not forgetting blah blah" flashed up a few warning lights for me. I hope I'm wrong, but I won't be taking a part of this one.
|
|
savernake
Member of DD Central
Posts: 174
Likes: 142
|
Post by savernake on Mar 7, 2018 18:25:49 GMT
I am in the recently defaulted #6261 V********** loan, which was also a refinance of an earlier loan. This went belly up after only two months and I am now reluctant to invest in any more refinance loans on Archover. It appears they simply get waved through with minimal DD. Just kicking the can down the road.
|
|
rick24
Member of DD Central
Posts: 244
Likes: 138
|
Post by rick24 on Mar 8, 2018 16:59:35 GMT
I am in the recently defaulted #6261 V********** loan, which was also a refinance of an earlier loan. This went belly up after only two months and I am now reluctant to invest in any more refinance loans on Archover. It appears they simply get waved through with minimal DD. Just kicking the can down the road. I would have thought a lot of business lending involves refinancing, but I am waiting to see how well Archover do with recovery on the defaulted #6261 before I invest more money so I won't be investing in this new one either.
|
|
