Godanubis
Member of DD Central
Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
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Post by Godanubis on Jan 5, 2020 22:42:14 GMT
Why don’t we all get together and get millions to march on parliament to complain about the FCA, Collateral,FS,Lendy et al. We should get lots done as that strategy worked so well for the “ Stop Brexit “ brigade. Nah, much better to get a big pink diesel boat and block the roads outside the FCA ... bit of traffic distruption is far better to get MPs fawning over you ... anyone got a suitably vocal teenager to act as spokeperson?
That said filling in the blanks on a proforma email is a lot easier so Im with ozboy
PS No need to even get off the sofa, just pull your smartphone out of your pocket.
My point exactly. Even with every country in the world seeking action very little will be done unless it effects the bottom line. Perhaps time to invest in Australian builders. Every disaster is someone else’s opportunity. There will be little support for us investors who are seen as greedy opportunists by a lot of the less well off public. I would think total investors in the struggling P2P platforms would not be 10’s of thousands and not all of those would severely effected when we finally get an outcome rather than a Derek Acorah prediction. (Did he see it coming) We can lick our wounds later when we actually have some.
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duck
Member of DD Central
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Post by duck on Jan 6, 2020 5:21:27 GMT
My point exactly. Even with every country in the world seeking action very little will be done unless it effects the bottom line. ...... I am but a simple chap but when I see an annual budget of @£600m, fines levied of @£390m (2019) and yet the same organisation displays an unbelievable level of incompetence that directly effects my bottom line I can't but think that there is something wrong.
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Godanubis
Member of DD Central
Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
Posts: 2,011
Likes: 1,013
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Post by Godanubis on Jan 6, 2020 9:43:48 GMT
My point exactly. Even with every country in the world seeking action very little will be done unless it effects the bottom line. ...... I am but a simple chap but when I see an annual budget of @£600m, fines levied of @£390m (2019) and yet the same organisation displays an unbelievable level of incompetence that directly effects my bottom line I can't but think that there is something wrong. Unfortunately being right about things being wrong doesn’t mean you win.
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duck
Member of DD Central
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Post by duck on Jan 6, 2020 11:02:39 GMT
Unfortunately being right about things being wrong doesn’t mean you win. Tell me something I don't know .............. but I also know that if you don't try you get nowhere.
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Godanubis
Member of DD Central
Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
Posts: 2,011
Likes: 1,013
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Post by Godanubis on Jan 6, 2020 15:14:12 GMT
Unfortunately being right about things being wrong doesn’t mean you win. Tell me something I don't know .............. but I also know that if you don't try you get nowhere. Sometimes the cost of trying (Not just financial) are not worth it and events overtake or negate your efforts. Therefore it should be an individual un pressurised decision. Individual participants are unlikely to win in isolation or collectively as most outcomes are universally applied as some affected have no idea of the different avenues available or actions being taken and excluding them would be problematic at least illegal at most. Let us hope there is a positive outcome without any additional action required.
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amanda373
Anyone downloaded the full transcript of the Court Session with the FCA. .?
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Post by amanda373 on Jan 7, 2020 22:31:03 GMT
Is anyone else incensed at the Daily Mail ad for the FSCS....grrr
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sarahcount
Member of DD Central
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Post by sarahcount on Jan 15, 2020 21:25:21 GMT
Article in the press today. Daily Express I think, stating that a 'Una and the Lion' gold coin has sold for a record £ 532,000.
Apparently there were only ever around 400 struck so while I've no idea if this one is ours it does look encouraging that at least one piece of Coll bling might cover the loan.
My recollection of my precise Coll holding is becomming more vague as the years since the website was switched off roll by but I do recall this as being a particularly interesting and desirable asset.
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Post by mrclondon on Jan 15, 2020 22:08:00 GMT
Article in the press today. Daily Express I think, stating that a 'Una and the Lion' gold coin has sold for a record £ 532,000. Apparently there were only ever around 400 struck so while I've no idea if this one is ours it does look encouraging that at least one piece of Coll bling might cover the loan. My recollection of my precise Coll holding is becomming more vague as the years since the website was switched off roll by but I do recall this as being a particularly interesting and desirable asset. Well spotted. This was from the final renewal on COL (I've redacted details of the specific coin's provenance, and boldened one line) www.dailymail.co.uk/news/article-7888383/Victorian-era-5-gold-coin-showing-20-year-old-Queen-leading-lion-sells-record-530-000.htmlstates that it was expected to sell for £190,000 so same ball park as the COL valuation. Which leads to the obvious question ... why on earth wouldn't the borrower have redeemed the loan ? (BDO have implied none of the chattel loans have been redeemed by borrowers) Something doesn't feel right here.
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Post by dan1 on Jan 15, 2020 22:18:07 GMT
Article in the press today. Daily Express I think, stating that a 'Una and the Lion' gold coin has sold for a record £ 532,000. Apparently there were only ever around 400 struck so while I've no idea if this one is ours it does look encouraging that at least one piece of Coll bling might cover the loan. My recollection of my precise Coll holding is becomming more vague as the years since the website was switched off roll by but I do recall this as being a particularly interesting and desirable asset. From the DM article.... The auction listing at Heritage Auctions... coins.ha.com/itm/great-britain/great-britain-victoria-gold-proof-una-and-the-lion-5-pounds-1839-pr62-deep-cameo-pcgs-/a/3071-34255.smrclondon - stuff like legality of contracts/enforceable, ownership, provenance, proceeds of crime, all sorts of left-field things come to mind!
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on Jan 16, 2020 10:59:26 GMT
I'm thinking wot everyone's thinking.
"Ours" is a counterfeit coin?
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jonno
Member of DD Central
nil satis nisi optimum
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Post by jonno on Jan 16, 2020 11:05:07 GMT
I'm thinking wot everyone's thinking. "Ours" is a counterfeit coin? Jeez ozboy, you have the unerring ability to take my mind to places where I really don't want it to go
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keystone
Member of DD Central
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Post by keystone on Jan 16, 2020 11:28:22 GMT
I'm thinking wot everyone's thinking. "Ours" is a counterfeit coin? I was thinking it was a chocolate coin! They were selling a whole bag of them for 9 pence in Aldi, saw them and thought I could take some pictures and and set up a P2P company and make millions!
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,156
Likes: 4,830
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Post by ozboy on Jan 16, 2020 12:01:55 GMT
Apologies for that jonno, I am very practical and a staunch realist, I easily forget that others don't always share my attitude. I suppose it's because if I expect and condition myself for the worst then I get no surprises, and anything "better" is a win.
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7d7
Member of DD Central
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Post by 7d7 on Jan 16, 2020 12:23:26 GMT
Article in the press today. Daily Express I think, stating that a 'Una and the Lion' gold coin has sold for a record £ 532,000. Apparently there were only ever around 400 struck so while I've no idea if this one is ours it does look encouraging that at least one piece of Coll bling might cover the loan. My recollection of my precise Coll holding is becomming more vague as the years since the website was switched off roll by but I do recall this as being a particularly interesting and desirable asset. Well spotted. This was from the final renewal on COL (I've redacted details of the specific coin's provenance, and boldened one line) www.dailymail.co.uk/news/article-7888383/Victorian-era-5-gold-coin-showing-20-year-old-Queen-leading-lion-sells-record-530-000.htmlstates that it was expected to sell for £190,000 so same ball park as the COL valuation. Which leads to the obvious question ... why on earth wouldn't the borrower have redeemed the loan ? (BDO have implied none of the chattel loans have been redeemed by borrowers) Something doesn't feel right here.I concur with that. Actually, it hasn't felt right from the beginning. Meanwhile, BDO are getting compensated handsomely so prolonging the saga with excuses is obviously in their favour. The opposite has been done at FS. They have fixed CG & Co's remuneration on an outcome basis to incentivise the process. Perhaps that's why a flurry of loan updates hit my inbox this week.
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IFISAcava
Member of DD Central
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Post by IFISAcava on Jan 16, 2020 12:55:38 GMT
I'm thinking wot everyone's thinking. "Ours" is a counterfeit coin? Dunno about everyone but yes, that was my first thought!
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