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Post by df on Jul 21, 2022 13:57:18 GMT
My partner and I supplied our bank details to BDO as they requested. We both have received an e-mail acknowledging this. (Probably £50 each added to the bill). Anyone who has sent their bank details should probably receive the same. I have confirmed my bank details on the day of BDO's request and received the acknowledgement yesterday.
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jcb208
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Post by jcb208 on Jul 21, 2022 14:30:10 GMT
Had mine from Jack this morning too,more interested in getting my money back
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ianj
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Post by ianj on Jul 21, 2022 14:45:23 GMT
Should we all have received an email listing our investments and requesting bank account details? Yes Neither self nor partner have received this email. When was this sent, and what email address was it sent from?
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michaelc
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Post by michaelc on Jul 21, 2022 15:50:15 GMT
Mine was sent from Jack 2 or 3 weeks after I supplied the details. It was sent from the same email address all the others have come from.
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duck
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Post by duck on Jul 21, 2022 16:11:41 GMT
Neither self nor partner have received this email. When was this sent, and what email address was it sent from? This is what I recieved, sent 30 June by INVESTORCOLLATERAL [INVESTORCOLLATERAL@bdo.co.uk] along with 2 attachements, a letter and schedule. FWIW I received the acknowlegement from 'Jack' today.
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Post by westcountryfunder on Jul 21, 2022 16:30:16 GMT
Neither self nor partner have received this email. When was this sent, and what email address was it sent from? Same for me. On 19 July I have sent an email to investorcollateral@bdo.co.uk requesting the "Detailed Exposure Schedule" concerning my loans, referred to in the "Court Order following the Joint Liquidators' Direction Application dated 13 June 2022". No response to date. Most odd seeing that several people have even had email acknowledgements of receipt of their bank details.
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star dust
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Post by star dust on Jul 21, 2022 16:32:10 GMT
Give them time ... nothing is going to happen until mid-Aug anyway. I havent even sent mine yet.Neither have I.
ianj, and anyone else who hasn't received the email with it's two attachments, one generic and one (spreadsheet) personally specific, this was posted up on the "Significant Information" thread here at the time. noting receipt by me "17:56 on the 30th June, an email from BDO - INVESTORCOLLATERAL@bdo.co.uk" - we do try to keep this thread updated so it might be worth bookmarking it if you only visit the forum infrequently.
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dh1
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Post by dh1 on Jul 21, 2022 17:09:51 GMT
I've submitted my details and had an email acknowledgement that BDO will update their records accordingly.
On a slightly different note - and I hesitate to bring this up - I've had a look at the "chattel" loans which BDO have worryingly referred to several times in their helpful reports, referencing significant "value" discrepancies. I and I imagine others would like to know how significant; so arthmetic head on....
The "chattels" loan value was about £2.75m if I have the figures right, spread over some 142 loans, covering jewellery, coins, etc and the odd vehicle. If you look at page 7, 2nd paragraph of the BDO Joint Liquidators progress report, May 2021 to May 2022 (available here) you'll see that the auction of the chattels raised about £125k with some failing to reach reserve. That's just 5% of the "book" value of the loans. That stretches the definition of "significant", doesn't it?
Just to rub it in, that equates to a 95% loss....
In case there was any doubt, the former management have an awful lot to answer for.
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ianj
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Post by ianj on Jul 21, 2022 19:10:27 GMT
Neither self nor partner have received this email. When was this sent, and what email address was it sent from? This is what I recieved, sent 30 June by INVESTORCOLLATERAL [INVESTORCOLLATERAL@bdo.co.uk] along with 2 attachements, a letter and schedule. FWIW I received the acknowlegement from 'Jack' today. Thanks for that response. While I shouldn't experience any problem with the '@bdo.co.uk' address, it's not always been guaranteed in the past, so contact has been made.
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p2pmark
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Post by p2pmark on Jul 21, 2022 20:35:59 GMT
Sorry if I have missed this in the various threads, but: Is there yet any clarification regarding the Chesterfield (BL00079) and Blackpool (BL00087&BL00088) loans? at the time of administration we were told the funds were not drawn down, the funds are listed on my breakdown of loans, but there is no property listed as sold/for sale against them in the liquidation report ie currently appears to be a loan without an asset/security. Is this part of the missing cash/discrepancies? Or perhaps we just have to wait and see what distribution (if any) materialises from these particular loans/trusts? BL00087 & BL00088 were offered after FCA knew (and had told Col) that they did not have the right permissions, yet somehow Col were allowed to solicit funding for these loans. This seems a clear breach of duty by FCA. The loan started beginning of February 2018. FCA told me they were speaking to Col about permissions in Jan (see post 183 in this thread). duck, apologies if you've already mentioned this, but is this specific issue being discussed with FCA?
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duck
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Post by duck on Jul 22, 2022 2:09:58 GMT
Sorry if I have missed this in the various threads, but: Is there yet any clarification regarding the Chesterfield (BL00079) and Blackpool (BL00087&BL00088) loans? at the time of administration we were told the funds were not drawn down, the funds are listed on my breakdown of loans, but there is no property listed as sold/for sale against them in the liquidation report ie currently appears to be a loan without an asset/security. Is this part of the missing cash/discrepancies? Or perhaps we just have to wait and see what distribution (if any) materialises from these particular loans/trusts? BL00087 & BL00088 were offered after FCA knew (and had told Col) that they did not have the right permissions, yet somehow Col were allowed to solicit funding for these loans. This seems a clear breach of duty by FCA. The loan started beginning of February 2018. FCA told me they were speaking to Col about permissions in Jan (see post 183 in this thread). duck , apologies if you've already mentioned this, but is this specific issue being discussed with FCA?This issue is well known to the lings and me, it has not and will not be forgotten. There are currently no ongoing discussions with the FCA (apart from FOI requests), the brick wall of sub judice, section 30 and 31 exemptions apply. The lings and my 'problems' are best exemplified by an example. Something over a month ago I submitted a FOI using words taken from a FCA document that I had obtained that I didn't think would make the public domain. During the month that the FCA have to answer I managed to receive an official copy. My FOI was in main met with section 30 and So we are in the bizarre position that the FCA will not confirm details that are in their own now officially released documents. Please note I cannot publish the documents due to sub judice.
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duck
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Post by duck on Jul 22, 2022 2:19:36 GMT
A general note to those of you who haven't had the BDO email / Jack reply.
1. If you haven't had the initial email and attachments write to BDO and ask for it. 2. The 'Jack' responses appear to be coming out to those that responded quickly to the BDO email (I replied within hours)
FWIW it appears that Jack is rather overworked at present. Some weeks ago I wrote to BDO on another matter and it took a couple of weeks to get a response from Jack (I sent several chasers with no initial effect). So I am content that all emails do get through and will be seen / dealt with ......... but it takes time.
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ozboy
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Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on Jul 22, 2022 13:55:39 GMT
"So we are in the bizarre position that the FCA will not confirm details that are in their own now officially released documents."
So, basically, the FCA doesn't know its arse from its elbow.
Wottasurprise.
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jonno
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nil satis nisi optimum
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Post by jonno on Jul 22, 2022 14:49:02 GMT
"So we are in the bizarre position that the FCA will not confirm details that are in their own now officially released documents."So, basically, the FCA doesn't know its arse from its elbow. Wottasurprise. I think it knows where its arse is, cos it talks through it often enough.
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tommytaylor
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Post by tommytaylor on Jul 23, 2022 13:10:38 GMT
I've submitted my details and had an email acknowledgement that BDO will update their records accordingly.
On a slightly different note - and I hesitate to bring this up - I've had a look at the "chattel" loans which BDO have worryingly referred to several times in their helpful reports, referencing significant "value" discrepancies. I and I imagine others would like to know how significant; so arthmetic head on....
The "chattels" loan value was about £2.75m if I have the figures right, spread over some 142 loans, covering jewellery, coins, etc and the odd vehicle. If you look at page 7, 2nd paragraph of the BDO Joint Liquidators progress report, May 2021 to May 2022 (available here) you'll see that the auction of the chattels raised about £125k with some failing to reach reserve. That's just 5% of the "book" value of the loans. That stretches the definition of "significant", doesn't it?
Just to rub it in, that equates to a 95% loss....
In case there was any doubt, the former management have an awful lot to answer for.
Are these figures for real. 95% loss. Thats fraud of the highest order surely. These things where supposed to be a reasonably safe bet and somehow i manage to do in 95% of my capital. Cant be right this. Question for Duck- Duck i take it this will help our cause against the FCA compensation/return of all losses claim when they can see they people have lost almost all of there money dealing in everything bar property?
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