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Post by Badly Drawn Stickman on Jun 22, 2018 20:30:08 GMT
I'm feeling unloved. I'm still waiting for my email but it's reassuring to note they are working late. Hopefully it will turn up before my bedtime so I can have a more relaxed sleep. Nothing here too, so you are not alone. Sending 750+ emails with attachments without automation is definitely an unefficient waste of time. These people are paid too much for their skills. I'm not sure you could automate a one off action like this, presumably they are doing it in a steady focused way to avoid any mistakes. We have been wanting this conformation for quite a while. Pretty sure I would like them to get it right, so suspect it is a one doing and one checking task, so probably costing twice as much as you are unhappy with. On this occasion I can live with this level of care and cost. (Admittedly I got mine hours ago, so maybe have a more tolerant take on the situation)
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gareot
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Post by gareot on Jun 22, 2018 20:46:26 GMT
Whoops sorry I didn't mean to post the above. I received mine a few hours ago & been through emails & bank statements & mine seems lower than what it should be as well.  |
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greenslime
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Post by greenslime on Jun 22, 2018 20:55:04 GMT
Nothing here too, so you are not alone. Sending 750+ emails with attachments without automation is definitely an unefficient waste of time. These people are paid too much for their skills. I'm not sure you could automate a one off action like this, presumably they are doing it in a steady focused way to avoid any mistakes. We have been wanting this conformation for quite a while. Pretty sure I would like them to get it right, so suspect it is a one doing and one checking task, so probably costing twice as much as you are unhappy with. On this occasion I can live with this level of care and cost. (Admittedly I got mine hours ago, so maybe have a more tolerant take on the situation) Yup. Better I think it's done thoroughly. And while I get that folk are eager/anxious to see their numbers it's not particularly time sensitive.
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amphoria
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Post by amphoria on Jun 22, 2018 21:49:56 GMT
I received my proof of debt form at 4.30pm , it is accurate to within £1.
I purchased several small loan parts during February, including one that I think never drew down.
I had zero cash on account - maybe the errors are with people who did have some idle cash on the platform?
I last put money into COL from my bank in late December.
My last purchase was on 6 February.
Do errors occur with people who had transactions after mid February?
I had a small amount of uninvested cash but it matched my own records exactly. I also had 7 bling loans renew between 22nd and 24th Feb but they draw down almost immediately. Did anyone have undrawndown property loans, yet still have a match with their own records?
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mason
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Post by mason on Jun 22, 2018 21:58:42 GMT
I had a small amount of uninvested cash but it matched my own records exactly. I also had 7 bling loans renew between 22nd and 24th Feb but they draw down almost immediately. Did anyone have undrawndown property loans, yet still have a match with their own records? I had an undrawn property loan and my balanced matched up. I withdrew all uninvested cash just prior to the purported Administration, and that seems to have been taken into account in my balance.
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GeorgeT
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Post by GeorgeT on Jun 22, 2018 22:05:23 GMT
Well unless I get some late night action I am not going to get anything today. However I end the week feeling a little happier about this situation than I started feeling.
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tx
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Post by tx on Jun 22, 2018 22:11:37 GMT
I honestly happy with the progress, although knowing it won’t be a full recovery of funds.
Same here that still waiting for the BDO email.
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Monetus
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Post by Monetus on Jun 22, 2018 22:14:01 GMT
Did anyone have undrawndown property loans, yet still have a match with their own records? Yes. Both Chesterfield and final Bolton tranches. Amount matched to the penny.
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gc
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Post by gc on Jun 22, 2018 22:47:38 GMT
I had a small amount of uninvested cash but it matched my own records exactly. I also had 7 bling loans renew between 22nd and 24th Feb but they draw down almost immediately. Did anyone have undrawndown property loans, yet still have a match with their own records? I had an undrawn property loan and my balanced matched up. I withdrew all uninvested cash just prior to the purported Administration, and that seems to have been taken into account in my balance. I know I had cash waiting to be invested (according to my spreadsheet) but I must admit that this was missing from their figures. It wasn't a huge amount, just a few hundred but still not accounted for.
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Post by Please turn me over on Jun 22, 2018 22:55:44 GMT
Mine matched to the penny.
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mason
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Post by mason on Jun 22, 2018 23:02:50 GMT
I had an undrawn property loan and my balanced matched up. I withdrew all uninvested cash just prior to the purported Administration, and that seems to have been taken into account in my balance. I know I had cash waiting to be invested (according to my spreadsheet) but I must admit that this was missing from their figures. It wasn't a huge amount, just a few hundred but still not accounted for. Another explanation of my position is that the money I invested in the undrawn property loan is missing, but they also have no record of my withdrawal. 
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gc
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Post by gc on Jun 22, 2018 23:11:08 GMT
I know I had cash waiting to be invested (according to my spreadsheet) but I must admit that this was missing from their figures. It wasn't a huge amount, just a few hundred but still not accounted for. Another explanation of my position is that the money I invested in the undrawn property loan is missing, but they also have no record of my withdrawal. Oh I would guess that they have the records of your withdrawal if they need them. I imagine that they have a database with all our details and can call up specifics if required, which is one reason that they know almost everyones account to the penny.
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mason
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Post by mason on Jun 22, 2018 23:30:10 GMT
Another explanation of my position is that the money I invested in the undrawn property loan is missing, but they also have no record of my withdrawal. Oh I would guess that they have the records of your withdrawal if they need them. I imagine that they have a database with all our details and can call up specifics if required, which is one reason that they know almost everyones account to the penny. Nothing would please me more than to learn they have full records of all our transactions on the platform. However, they have stated that all they have at present is a total balance with no breakdown of individual transactions. Hence the data recovery efforts. I'd recommend you read the report if you haven't already - the lack of detailed records is a major part of it.
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registerme
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Post by registerme on Jun 23, 2018 0:55:50 GMT
Oh I would guess that they have the records of your withdrawal if they need them. I imagine that they have a database with all our details and can call up specifics if required, which is one reason that they know almost everyones account to the penny. Nothing would please me more than to learn they have full records of all our transactions on the platform. However, they have stated that all they have at present is a total balance with no breakdown of individual transactions. Hence the data recovery efforts. I'd recommend you read the report if you haven't already - the lack of detailed records is a major part of it. Which raises an interesting question - can administrators not get bank account records for the company in administration? That would be a good way of obtaining detailed in - out records for the company in question, including the source and destination of fund transfers. I'm sure the answer is yes, but I am unsure as to why no mention has, till now, been made of it.
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chris1200
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Post by chris1200 on Jun 23, 2018 2:25:38 GMT
I got mine and it shows the amount I had in the platform the last time I was able to check it but shouldn't my claim by greater than that since it should include the interest I might have expected in the meantime (however unlikely such a claim would be met) ? Or is my claim limited to what was owed to me on the date the company went into administration? Echoing this query. Is it not the case that our claimable amount should include interest accrued (but apparently unpaid) and will continue to increase daily? And, if so, should we not be alerting BDO to such claims? Perhaps this is one for the Moorfields help thread... (And yes, I know we care most about getting capital back - but if they do manage to recover enough info to establish our exact loan positions, then getting back interest from a fully repaid loan will help offset any capital losses in others, so I think this is important to pursue if we want to get as close as possible to a net full capital recovery). Edit: Just re-read Section 16 of the 21 June Proposals, and saw this (apologies if already posted elsewhere): " For the avoidance of doubt, the claim amounts included in the proof of debt forms are, at
this stage, solely for the purpose of voting in relation to the Joint Administrators’ proposals
(i.e. they will not in any way affect your rights to recover any sums owing – whether as a
result of trust or unsecured claims against the Companies). It is accepted that the nature
and/or extent of these claims may change as the Administrations progress and further
information/analysis becomes available." So I guess we can sit on this issue for now.
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