brush
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Post by brush on Nov 26, 2021 13:34:36 GMT
Not received a single penny in capital repayments or interest, has Ablrate for collecting lenders money?
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Steerpike
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Post by Steerpike on Feb 8, 2022 18:23:50 GMT
It appears that the restaurant V*nue is trading and recruiting new staff, which seems very positive. However, in the 3 months since ablrate stopped being a director, there have been no updates, so I wonder when we can expect to see repayments?
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Steerpike
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Post by Steerpike on May 12, 2022 12:09:49 GMT
According to the Facebook page for Ve*** Whi*****ch, with effect from 6-May-22, most of the team have left and Da*** and Da*** Kav***** are taking direct control, some of the comments following that post seem somewhat uncomplimentary.
Not sure if this impacts the value of the asset for these loans.
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Post by darren on May 16, 2022 11:30:46 GMT
According to the Facebook page for Ve*** Whi*****ch, with effect from 6-May-22, most of the team have left and Da*** and Da*** Kav***** are taking direct control, some of the comments following that post seem somewhat uncomplimentary.
Not sure if this impacts the value of the asset for these loans.
"uncomplimentary" is an understatement - someone has now set up a website dedicated to discussing the shortcomings of the directors - complete with video explainer. Most disconcerting.
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KoR_Wraith
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Post by KoR_Wraith on May 20, 2022 8:44:43 GMT
According to the Facebook page for Ve*** Whi*****ch, with effect from 6-May-22, most of the team have left and Da*** and Da*** Kav***** are taking direct control, some of the comments following that post seem somewhat uncomplimentary.
Not sure if this impacts the value of the asset for these loans.
"uncomplimentary" is an understatement - someone has now set up a website dedicated to discussing the shortcomings of the directors - complete with video explainer. Most disconcerting. Oh dear oh dear. If half of what is said on the website is true then this could be trouble.
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Post by Ace on May 20, 2022 8:52:02 GMT
"uncomplimentary" is an understatement - someone has now set up a website dedicated to discussing the shortcomings of the directors - complete with video explainer. Most disconcerting. Oh dear oh dear. If half of what is said on the website is true then this could be trouble. Can you give me a steer on where to look on the Web please?
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Post by ladywhitenap on May 20, 2022 8:58:55 GMT
Google Ve*** Whi*****ch is probably a good starting place and provides links to farcebook
LW
nue & tchur might help
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Steerpike
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Post by Steerpike on Jun 1, 2022 8:33:32 GMT
Fixtures and fittings removed, closed down, game over.
Is there another group of likely lads ready to take over or is it time to sell the property for whatever it will fetch?
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jo
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Post by jo on Jun 1, 2022 9:05:35 GMT
Ingenuous platform discovers (and is shocked), that indulgence will generally be abused.
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TitoPuente
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Post by TitoPuente on Jun 1, 2022 12:38:47 GMT
It's a valuable location. Should be relatively straightforward to appoint receivers and sell the property.
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GreenZero
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The early bird may get the worm, but it's the second mouse who gets the cheese
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Post by GreenZero on Jun 1, 2022 17:16:06 GMT
It's a valuable location. Should be relatively straightforward to appoint receivers and sell the property. Research of the individual involved suggest this will be anything but straightforward I'm afraid.
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jo
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Post by jo on Jun 2, 2022 13:38:01 GMT
It's a valuable location. Should be relatively straightforward to appoint receivers and sell the property. Research of the individual involved suggest this will be anything but straightforward I'm afraid. I sometimes ponder if some platform owners are physically intimidated by some borrowers. This is the advantage bank collectors have - no matter how big and scary you are, they'll always have people bigger and scarier.
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r1200gs
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Post by r1200gs on Jun 3, 2022 17:24:46 GMT
From ten minutes research, I am horrified Ablrate took this "borrower" on.
Yes indeed, pushing to get lenders money back might be dangerous.
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agent69
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Post by agent69 on Jun 3, 2022 18:04:31 GMT
From ten minutes research, I am horrified Ablrate took this "borrower" on. Yes indeed, pushing to get lenders money back might be dangerous. Went pop owing $23m?
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Steerpike
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Post by Steerpike on Jun 21, 2022 10:20:33 GMT
We have called a board meeting of the directors of St*rterm*de, the owners of the building in order to ascertain the current status.
Ablrate admin note 20-May-22
Not sure of the quorum but one suspects that at least one of the two young men that, together with ABLrate, constitute the board may not have been available, but if it did go ahead I wonder how it went, perhaps highlights from the minutes will be released?
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