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Post by Badly Drawn Stickman on Apr 29, 2018 9:07:41 GMT
Something that had not occurred to me before, but may be significant.
Should we be ensuring that all post made by the collateral rep are safely preserved, as they may at some point be useful. (I believe a complaint against the original administrators is inevitable at some point).
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TenKay
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Post by TenKay on Apr 29, 2018 9:24:17 GMT
/Mod hat on This thread has been unlocked. Thank goodness it wasn't another weekend shut down.....thank you once again for your Mod duties indeed, the last shutdown message posted seemed a bit toys out of the pram
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Post by dan1 on Apr 29, 2018 9:25:50 GMT
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Post by dan1 on Apr 29, 2018 9:32:46 GMT
Thank goodness it wasn't another weekend shut down.....thank you once again for your Mod duties indeed, the last shutdown message posted seemed a bit toys out of the pram Not at all TenKay, please see the post explaining why by mrclondon... p2pindependentforum.com/post/262823/threadThe staff have better things to do with their time on a weekend than dealing with disruptive users.
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blender
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Post by blender on Apr 29, 2018 9:44:30 GMT
How did we fall for the chuckle brothers; I for one thought COL was fine I am not sure that lenders fell for anything before the Administration. The point is that circumstances change and people change their position and intentions in response. It is likely that the intention was to run a straight and profitable business, and that the owners believed that they could resolve the FCA compliance issues and gain approval. They would not appear uncertain because that would destroy confidence. The problem comes when it is clear to business owners that there is no way forward, and it is at that time that the character and integrity of the owners is tested. Do they act fairly or do they try to extract as much cash from the business as it fails, at the expense of other parties? It is at that point that having an FCA compliant and approved business protects lenders by ensuring that the owners cannot make the wrong choices when up against it, as the owners seem to have done here. So, lenders were not taken in, imo. Coll overstated their confidence in being approved/ gaining approval/ not needing approval, and their intentions changed when there was no way forward. It shows how important regulation is in protecting client money - lenders should not have to trust operators with their cash.
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Post by Badly Drawn Stickman on Apr 29, 2018 9:56:11 GMT
Something that had not occurred to me before, but may be significant. Should we be ensuring that all post made by the collateral rep are safely preserved, as they may at some point be useful. (I believe a complaint against the original administrators is inevitable at some point). Unless he has been banned, a banning I think would be universally supported, He could delete them? You can save the posts of users by saving the HTML files from their recent posts, in the case of the Collateral reps: p2pindependentforum.com/user/1823/recentp2pindependentforum.com/user/1869/recentNone of the Collateral reps have logged in since 26 Feb: p2pindependentforum.com/members?group=73&view=groupI was going a bit for the 'Royal we' in honesty dan1Is there a quick way to save them all in one go? There is a surprising amount of potentially useful post, having just had a quick read through.
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Post by dan1 on Apr 29, 2018 9:58:36 GMT
I was going a bit for the 'Royal we' in honesty dan1 Is there a quick way to save them all in one go? There is a surprising amount of potentially useful post, having just had a quick read through. I realise that but I'm sure that you're up to the job! I don't know how to save them all in one go, but at least 70 odd goes isn't too much effort.
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tx
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Post by tx on Apr 29, 2018 10:19:49 GMT
I wonder if anyone has had sent email to the address listed in FCA news? Wonder if anyone would like to share their template? Just think this may benefit everyone had any funds in COL and want to cover all angles? (Or is everyone waiting for BDO’s communication first?)
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rzys
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Post by rzys on Apr 29, 2018 10:51:21 GMT
I have sent BDO an e-mail with my name, e-mail, amount on platform, list of loans. I have the dubious honour of being one of the last in, I think but at least it was only a very little toe dipped into the crocodile-infested waters.
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hazellend
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Post by hazellend on Apr 29, 2018 11:30:54 GMT
I have sent BDO an e-mail with my name, e-mail, amount on platform, list of loans. I have the dubious honour of being one of the last in, I think but at least it was only a very little toe dipped into the crocodile-infested waters. Why did you do that? Did they request information and I missed it?
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rzys
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Post by rzys on Apr 29, 2018 11:35:23 GMT
It was because there had been previous suggestions on here that we should send that info to the previous administrator, but I decided to wait until after the court case. I'm doing it now because I've got a busy period coming up with work and didn't want to miss info requests and/or forget during the next few weeks.
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mickj
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Post by mickj on Apr 29, 2018 11:57:45 GMT
There was also a suggestion made somewhere else that this may be a good idea. I will be doing the same later so BDO will have something from me to look at Monday morning , Account number, amount invested, cash and outstanding interest for 2 to 3 months.
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Post by beepbeepimajeep on Apr 29, 2018 12:45:23 GMT
It's a complete joke if they expect investors to know to send in a load of information to a certain email by finding these posts on this forum.
If that is in anyway necessary the entire thing is a total shambles.
I will send in what is required when they contact me.
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mason
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Post by mason on Apr 29, 2018 12:47:15 GMT
There's been no formal request to send BDO anything. If they can't get hold of the information independently from COLs systems then I don't see what good it would do - and they would be requesting more than a one line email in that case. I don't really want to clutter up their inbox from the outset.
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Post by mrclondon on Apr 29, 2018 12:56:53 GMT
Anyone that feels they may want to take legal action in the future with regard to their investments through COL needs to be very careful not to prejudcice their chances of success by their actions taken in haste now. The choice of words made in any written statements (to the administrators) now could have major consequence in the future, and could leave your legal representives defending your choice of words rather than soley attacking the actions of COL's directors and staff.
If in any doubt, take legal advice before acting.
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