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Post by uksoul on Jul 9, 2021 12:09:47 GMT
I have had infrequent communication with Michael Lynn, and the Chairman Paul. They were so proud of the "no investor has ever made a loss" mantra that they couldn't deal with the "losses will be made" change of tack. Even with a five figure loss on Evesham , my net returns on Relendex have been pretty good- they need to grow up in how they communicate, explain that some losses are to be expected, but most importantly provide regular, timely, scheduled updates on how the loans are doing (rather than the months of silence that happens on problem loans) - I see they have two new loans going live today- but as I am still in Evesham, North Molton, Greater Manchester, I will resist from putting more cash in until I can see these sorted. That's good you have a positive ROI with Relendex in total. The executives' indifferent attitude to your loss and concerns is disturbing. Their recent email wants us to recommend Relendex as they need more investors. It makes no sense not to be responsive to present investors concerns then expect them to help increase profit via introducing new investors. I'm also holding off investing more until my final bad loan North Molton is repaid.
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ant1
Member of DD Central
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Post by ant1 on Jul 9, 2021 14:15:15 GMT
Don't be worrying about the North Molton loan. Relendex have a personal guarantee from the directors for the capital value of the loan, interest due under the loan and development cost overruns..............
........... and I have every confidence in Relendex returning all capital and interest owed. I also expect England to win 17-0 on Sunday night. Ever the optimist!!
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Nomad
Member of DD Central
Posts: 727
Likes: 494
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Post by Nomad on Aug 17, 2022 9:39:35 GMT
Don't be worrying about the North Molton loan. Relendex have a personal guarantee from the directors for the capital value of the loan, interest due under the loan and development cost overruns.............. ........... and I have every confidence in Relendex returning all capital and interest owed. I also expect England to win 17-0 on Sunday night. Ever the optimist!! Has anyone received any update about the North Molton loan since late May?
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Post by uksoul on Aug 17, 2022 10:04:36 GMT
Don't be worrying about the North Molton loan. Relendex have a personal guarantee from the directors for the capital value of the loan, interest due under the loan and development cost overruns.............. ........... and I have every confidence in Relendex returning all capital and interest owed. I also expect England to win 17-0 on Sunday night. Ever the optimist!! Has anyone received any update about the North Molton loan since late May? I was told sales are progressing nothing much different to the May update though.
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