picnicman
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Post by picnicman on Oct 28, 2020 11:24:33 GMT
I wouldn’t swap for equity. My intention was to build on Titopuente’s point regarding the unreasonability of a company venturing into an acquisition while not maintaining interest only loans to date. Part of the “security” of a loan is the receipt of the monthly payment (our share of the pie, as I described it), limiting the downside in the event that the company at any stage faces difficulties. Ahh OK. Well I certainly agree with you on that point... and it will be part of the conversation tommorrow for sure. - what is the outcome of the zoom meeting last Thursday - can we have a (positive  ) update please or tell us when one will be made. One hopes that capital repayment was also discussed or is the platform happy that the capital sum will be paid in full when due? Cheers P
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Post by ablrate on Oct 28, 2020 11:35:32 GMT
Ahh OK. Well I certainly agree with you on that point... and it will be part of the conversation tommorrow for sure. - what is the outcome of the zoom meeting last Thursday - can we have a (positive ) update please or tell us when one will be made. One hopes that capital repayment was also discussed or is the platform happy that the capital sum will be paid in full when due? Cheers P We had a good call. I have asked them for an update officially as they also have to take into account the listing and the disclosure requirements. We hope to have that to lenders shortly.
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picnicman
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Post by picnicman on Nov 4, 2020 10:16:17 GMT
ablrate - what is the outcome of the zoom meeting last Thursday - can we have a (positive ) update please or tell us when one will be made. One hopes that capital repayment was also discussed or is the platform happy that the capital sum will be paid in full when due? Cheers P We had a good call. I have asked them for an update officially as they also have to take into account the listing and the disclosure requirements. We hope to have that to lenders shortly. - the recent e mail update indicated a more formal update around 19th November. Sorry to bang the drum, but of primary importance to me are 1. When will the 3 months arrears of interest be paid? (another poster has mentioned cash being spent on acquisitions!!) and 2. What is the plan for capital repayment - is it still in full in 04/21 as scheduled? All other information may be of interest but incidental to the two points above. Others may have different views and that is of course fine by me. If these can be addressed on the next update when it comes please? Cheers P
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Post by Badly Drawn Stickman on Nov 4, 2020 10:48:58 GMT
We had a good call. I have asked them for an update officially as they also have to take into account the listing and the disclosure requirements. We hope to have that to lenders shortly. - the recent e mail update indicated a more formal update around 19th November. Sorry to bang the drum, but of primary importance to me are 1. When will the 3 months arrears of interest be paid? (another poster has mentioned cash being spent on acquisitions!!) and 2. What is the plan for capital repayment - is it still in full in 04/21 as scheduled? All other information may be of interest but incidental to the two points above. Others may have different views and that is of course fine by me. If these can be addressed on the next update when it comes please? Cheers P It is probably a drum that is not being banged enough. Any discussion that was not opened with discussion on getting payments up to date was a discussion held by the wrong people arguably, clearly it is a decent business and I am relatively unconcerned about it in the round. A payment is due today and I have no doubt it will be paid but clearly running in arrears is simply maintaining the status quo. Damn...... Alexa play Status Quo
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Post by Ace on Nov 4, 2020 11:07:16 GMT
Damn...... Alexa play Status Quo "Roll Over Lay Down" or "Down Down" deeper and down? 
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Post by ablrate on Nov 5, 2020 13:43:32 GMT
ablrate - the recent e mail update indicated a more formal update around 19th November. Sorry to bang the drum, but of primary importance to me are 1. When will the 3 months arrears of interest be paid? (another poster has mentioned cash being spent on acquisitions!!) and 2. What is the plan for capital repayment - is it still in full in 04/21 as scheduled? All other information may be of interest but incidental to the two points above. Others may have different views and that is of course fine by me. If these can be addressed on the next update when it comes please? Cheers P It is probably a drum that is not being banged enough. Any discussion that was not opened with discussion on getting payments up to date was a discussion held by the wrong people arguably, clearly it is a decent business and I am relatively unconcerned about it in the round. A payment is due today and I have no doubt it will be paid but clearly running in arrears is simply maintaining the status quo. Damn...... Alexa play Status Quo The above is, essentially, all we are interested in too... so it was the bulk of our discussions and will be addressed in the update that they tell us will be with us on or before the 19th.
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travolta
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Post by travolta on Nov 16, 2020 16:58:34 GMT
Upda  te The borrower has contacted us today to update us in their fund raising. They are expecting funds in this week which would allow them to make up the outstanding payments including the one due today. |
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travolta
Member of DD Central
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Post by travolta on Nov 20, 2020 21:22:50 GMT
Another half crumb arrived today. Thank you. Doesn't look like the Whole Turkey in time for Christmas.
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blender
Member of DD Central
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Post by blender on Nov 20, 2020 22:16:18 GMT
'Have spoken to the borrower today, we have been told to expect the payment on Friday 7th. They have confirmed that their financing package has been signed and funds are expected in the next ten days, at which point the loan should normalise with back payments made up. We are to schedule a meeting upon receipt of the funds in order to discuss an in depth update for lenders, including repayment schedule and forward plans.
Posted On 04/08/2020 16:48'
It's deja vu all over again.
"If seven maids with seven mops
Swept it for half a year,
Do you suppose," the Walrus said,
"That they could get it clear?"
"I doubt it," said the Carpenter,
And shed a bitter tear.
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number5
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Post by number5 on Nov 26, 2020 11:25:38 GMT
ablrate is there an update on this one and 124 please? If I remember correctly they were going to be brought up to date this week and back available to trade on the SM?
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Post by ablrate on Nov 26, 2020 17:24:51 GMT
ablrate is there an update on this one and 124 please? If I remember correctly they were going to be brought up to date this week and back available to trade on the SM? Awaiting an update from the borrower, but that was the plan. we are due a chase tomorrow.
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agent69
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Post by agent69 on Nov 26, 2020 17:45:02 GMT
ablrate is there an update on this one and 124 please? If I remember correctly they were going to be brought up to date this week and back available to trade on the SM? Awaiting an update from the borrower, but that was the plan. we are due a chase tomorrow. Duncan Norvelle will be jealous
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TitoPuente
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Post by TitoPuente on Nov 27, 2020 8:51:21 GMT
Two days ago the company was "pleased to announce that it has raised a total of GBP 335,365.80 (gross) from institutional investors (GBP 278,365.80 at 5p per share and GBP 57,000 at 5.5p per share) through the issue of 6,603,680 new ordinary shares (‘Placing Shares’) under this equity issue.
The Company will use the proceeds from the equity issue for general working capital purposes"
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blender
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Post by blender on Nov 27, 2020 9:26:24 GMT
A 'chase' sounds weak in the circumstances. Time to let them know which debt is the highest priority for their working capital - Dear Sir, unless ...
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Post by Badly Drawn Stickman on Nov 27, 2020 10:51:26 GMT
A 'chase' sounds weak in the circumstances. Time to let them know which debt is the highest priority for their working capital - Dear Sir, unless ... Clearly whilst at junior school you were not 'chased' home every night by Sharon who wanted to kiss you. The trauma was very real at the time. That I have recovered (and wonder why I ran) is a tribute to the human spirit.
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) update please or tell us when one will be made. One hopes that capital repayment was also discussed or is the platform happy that the capital sum will be paid in full when due? Cheers P
te 
