ptr120
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Post by ptr120 on Dec 5, 2019 8:41:53 GMT
Hi MoneyThing I see a charge registered against you has just been registered against you at CH by a speedy finance company. Do you have any comments around this? |
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up
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Post by up on Dec 5, 2019 9:43:17 GMT
At least it makes today's update re SM less ominous.
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ptr120
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Post by ptr120 on Dec 5, 2019 9:51:19 GMT
Less ominous? I'd say that suspending the secondary market (which has been paralysed for a while) is fairly ominous.
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corto
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one-syllabistic
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Post by corto on Dec 5, 2019 10:01:05 GMT
It's a rational consequence of the charge to avoid an unnecessary run.
The holiday park bonds start selling; there a a few other loans that may repay soon.
Let's wait for what they have to say.
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archie
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Post by archie on Dec 5, 2019 10:06:10 GMT
Less ominous? I'd say that suspending the secondary market (which has been paralysed for a while) is fairly ominous. Not sure if there's any relevance but MT haven't implemented the new FCA rules yet. 
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Post by funkymonkey on Dec 5, 2019 10:12:23 GMT
Less ominous? I'd say that suspending the secondary market (which has been paralysed for a while) is fairly ominous. Not sure if there's any relevance but MT haven't implemented the new FCA rules yet. Ha, I just had the very same thought!
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mikeh
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Post by mikeh on Dec 5, 2019 10:15:21 GMT
This just seems to be a debenture (long term loan) agreement. I don't see anything ominous about it.
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iRobot
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Post by iRobot on Dec 5, 2019 10:24:22 GMT
Not sure if there's any relevance but MT haven't implemented the new FCA rules yet. Ha, I just had the very same thought! The Policy Change doc states that the FCA require " P2P platforms to implement these changes by 9 December 2019". Got ages yet! 
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picnicman
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Post by picnicman on Dec 5, 2019 11:13:09 GMT
Less ominous? I'd say that suspending the secondary market (which has been paralysed for a while) is fairly ominous. Not sure if there's any relevance but MT haven't implemented the new FCA rules yet. - asked them about this by e mail sometime ago, but never got an answer!!! Cheers P
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wishy
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Post by wishy on Dec 5, 2019 11:37:28 GMT
As the not-slow finance company is registered in the Seychelles we have no way to find out who its directors are. Also, I don't think it states how much the debenture is for. At least with Mr Kumar's £3,000,000 charge over FS, we knew who and how much.
Having said that, from my point of view the key issue is are the lenders interests properly ring fenced against this charge.
If only the FCA spent less time thinking up pointless concepts like the self-certified sophisticated investor and more time checking on the basics that actually protect our interests.
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keystone
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Post by keystone on Dec 5, 2019 11:42:41 GMT
Hi MoneyThing I see a charge registered against you has just been registered against you at CH by a speedy finance company. Do you have any comments around this? Less ominous? I'd say that suspending the secondary market (which has been paralysed for a while) is fairly ominous. Not sure if there's any relevance but MT haven't implemented the new FCA rules yet. Wandsworth court case yesterday Charge registered against MT Secondary market suspended FCA rules not implemented It's like you wait ages for something to happen at MT and then everything happens at the same time. 
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tommo
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Post by tommo on Dec 5, 2019 11:49:15 GMT
Further update on site. Appears loan related, but then why not suspend just that loan(s)? 'substantial' update promised for TMR morning.
Reason for financing has been given.
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averageguy
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Post by averageguy on Dec 5, 2019 12:00:59 GMT
Further update on site. Appears loan related, but then why not suspend just that loan(s)? 'substantial' update promised for TMR morning. Reason for financing has been given. I believe that reason is a positive one and shows the commitment of MT ..the comment re the SM is intriguing ...not long to find out the facts
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upperdeane
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Post by upperdeane on Dec 5, 2019 12:20:16 GMT
Hi MoneyThing I see a charge registered against you has just been registered against you at CH by a speedy finance company. Do you have any comments around this? Not sure if there's any relevance but MT haven't implemented the new FCA rules yet. Wandsworth court case yesterday Charge registered against MT Secondary market suspended FCA rules not implemented It's like you wait ages for something to happen at MT and then everything happens at the same time. Anybody know what happened at the Wandsworth court case yesterday?
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Post by waryinvestor on Dec 5, 2019 13:37:09 GMT
How and when was the Update ? I didn't receive any emails from MT.
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