r1200gs
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Post by r1200gs on Jan 17, 2024 17:23:31 GMT
Distributing of funds to us only happens when all other options are exhausted. Now well over three years since the 1.3 million for the tower block was received. When that comes to the wire, expect them to invite a bun fight for those funds.
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Post by beepbeepimajeep on Jan 20, 2024 20:11:23 GMT
Congratulations to the group of investors who took the very high risk route of litigation to recover their investments. Deserve every penny they get back. I count myself lucky despite being all of these linked Art loans it's only for a small amount in each.
It staggers me no fraud charges were brought about these loans, or Whitehaven.
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adrian77
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Post by adrian77 on Jan 22, 2024 10:35:22 GMT
And plenty of other ones!
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Post by overthehill on Jan 24, 2024 11:54:59 GMT
Coming up for 3 months and another payment inexplicably not made yet. What could possibly be their excuse this time for not reimbursing investors after receiving the final payment, we'll never find out because incompetence is pervasive affecting all faculties.
"01/11/2023 We have now received final payment in this matter and are seeking advice regarding the payment out to investors. The main investors in this matter are in communication with the Administrators and we will post the final positon when we are able to do so."
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agent69
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Post by agent69 on Jan 24, 2024 12:58:04 GMT
Coming up for 3 months and another payment inexplicably not made yet. What could possibly be their excuse this time for not reimbursing investors after receiving the final payment, we'll never find out because incompetence is pervasive affecting all faculties.
"01/11/2023 We have now received final payment in this matter and are seeking advice regarding the payment out to investors. The main investors in this matter are in communication with the Administrators and we will post the final positon when we are able to do so." Waiting for the 2nd Feb self imposed deadline for objections?
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picnicman
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Post by picnicman on Jan 24, 2024 14:08:23 GMT
Coming up for 3 months and another payment inexplicably not made yet. What could possibly be their excuse this time for not reimbursing investors after receiving the final payment, we'll never find out because incompetence is pervasive affecting all faculties.
"01/11/2023 We have now received final payment in this matter and are seeking advice regarding the payment out to investors. The main investors in this matter are in communication with the Administrators and we will post the final positon when we are able to do so."
Hi overthehill - there was an email on this to investors from the Administrators on 17/2 - check your spam if not received. Basically the advice they have, is the money belongs to us investors and they have given two weeks (2/2) to allow for any objections before any potential distribution. If none I assume they will distribute. Why they have started this objection mechanism, which they have also done with the FS settlements issue is beyond me (date for objections on this latter item was 19/1 and nothing else has been said!!), but we are where we are. It would have been nice to know how much was received on the arts loans and how they intend to distribute it, if indeed that is what happens. Keep your eyes out is the best I can offer. All the best Picnicman
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picnicman
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Post by picnicman on Jan 24, 2024 14:14:27 GMT
I meant 17/1 not 17/2!!! soz
P
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Post by overthehill on Jan 24, 2024 14:18:35 GMT
I meant 17/1 not 17/2!!! soz P
You can edit posts.
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Mucho P2P
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Post by Mucho P2P on Jan 24, 2024 14:48:14 GMT
Congratulations to the group of investors who took the very high risk route of litigation to recover their investments. Deserve every penny they get back. I count myself lucky despite being all of these linked Art loans it's only for a small amount in each. It staggers me no fraud charges were brought about these loans, or Whitehaven. The matter of fraud has been raised with CG&co, and they decline to respond if the SFO have or have not been advised.
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Post by overthehill on Feb 6, 2024 14:55:39 GMT
Dear Administrators,
Either pay what is due to investors or communicate why you won't or can't.
I trust it's not too much to ask that you don't behave like so many Fundingsecure borrowers ?
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adrian77
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Post by adrian77 on Feb 7, 2024 11:31:38 GMT
just had repayment details of this one
I had 9 x £25 invested it what I thought were unrelated loans and I get back £2.57 for each loan
Clearly fraud is suspected here on this pathetic return
That said I think we have the private litigants to thank because if left to FS I am sure this would have been a 100% write-off
Well I guess £23.13 out of £225 is more than I was expecting but still totally inexcusable
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iRobot
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Post by iRobot on Feb 7, 2024 16:32:46 GMT
Dear Administrators, Either pay what is due to investors or communicate why you won't or can't. I trust it's not too much to ask that you don't behave like so many Fundingsecure borrowers ?
Could you give them a nudge on the other outstanding payments, overthehill ? You seem to have their ear!
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Post by overthehill on Feb 7, 2024 17:05:20 GMT
Dear Administrators, Either pay what is due to investors or communicate why you won't or can't. I trust it's not too much to ask that you don't behave like so many Fundingsecure borrowers ?
Could you give them a nudge on the other outstanding payments, overthehill ? You seem to have their ear!
I'm quietly confident the administrators don't read anything posted in this forum, someone with their ear might. The adjacency of my recent post and the sudden loan payment is the first time I've seen what could be described as circumstantial evidence that I might be wrong.
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jcb208
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Post by jcb208 on Feb 7, 2024 18:57:46 GMT
Got £64 back no idea what loans lost interest I know I have been ripped off
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travolta
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Post by travolta on Feb 7, 2024 19:27:00 GMT
£25.80 Refund Not nearly enough to go paint another fake Chagall................
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