sl75
Posts: 2,092 
Likes: 1,245
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Post by sl75 on Feb 25, 2020 21:36:02 GMT
It isn’t over the line, UNTIL it is over the line! Last I checked, it was already over the (original) line (set at £25k) by some considerable margin.
Will this descend into some kind of contest of how many times RSM and LAG can redraw various lines between them until all the money has gone?
Is there a written guarantee anywhere that the lawyers' costs will now be capped at £75k, and LAG and their lawyers will not be continuing to milk Lendy members for even more money?
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Post by loftankerman on Feb 25, 2020 21:54:36 GMT
It isn’t over the line, UNTIL it is over the line! Last I checked, it was already over the (original) line (set at £25k) by some considerable margin.
Will this descend into some kind of contest of how many times RSM and LAG can redraw various lines between them until all the money has gone?
Is there a written guarantee anywhere that the lawyers' costs will now be capped at £75k, and LAG and their lawyers will not be continuing to milk Lendy members for even more money?
My guess: 1) Probably. 2) No.
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jhamster
Member of DD Central
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Likes: 145
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Post by jhamster on Feb 26, 2020 4:23:49 GMT
From this morning's email out to contributors:
"Hello everyone,
We're down to the final 3 days and we're ever so close to our £75k goal, so I'm sending this final email to share some information about the road to our ultimate target.
So far we've had 1,436 separate contributions from 1,074 individual patriots fighting for our rights. That means that 362 donations were multiple contributions from the same people. The average donation is about £51. This is amazing and very much appreciated.
A recent survey on the LAG Facebook group overwhelmingly voted (10 to 1) to extend the fund raise and to increase the cap. While your commitment is admirable, I am excited to report that this should not be required.
We have now secured approval for our action to be deemed VAT exempt.
This means our funds will go further than we expected. I'm also [sic] please to announce that we have negotiated more favorable rates with counsel. They now believe if we reach the 75k target, we will have sufficient assets to action most of the initial items on our priority list. Accordingly, our fund raising effort will end when we finally cross the £75k line.
The process now will be slow. This unfortunately is the pace that the courts move but all the funds we are fighting for from the illegal and unjust waterfall are protected from RSM.
While we still need the court to rule they are rightfully ours, at least they cant be diverted to Lendy's general creditors and Directors.
I will endeavor to keep everyone apprised of any news that we receive.
So that's it. 3 days, £2500. We can do this!!!!
Lisa
"
As I post this, the sum raised stands at £73,010, and therefore £1990 needed to hit the target.
(I'm confused that the target is now not needed, yet it is needed. OK then, whatever).
In any case, full funding sends a clear message to RSM, and LB, much of that message contains expletives I couldn't possibly repeat here..
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Post by supernumerary on Feb 26, 2020 6:54:36 GMT
Just trebled ,but it hurts.
...AND since then you have given a LOT more and it will hurt!
...BUT it will hurt a certain Liar(sic) 'morally' Broke(sic) & Co MUCH, MUCH more if we COLLECTIVELY win this.
6th Pledge. The good book states; "VENGEANCE IS MINE, I WILL REPAY," says the Lord'. Supernumerary - P2P Independent Forum.
7th Pledge. The good book states; "VENGEANCE IS MINE, I WILL REPAY," says the Lord'. Supernumerary – Lendy Action Group Member.
As Travolta quite rightly says, 'it hurts'... 
...BUT it will hurt a certain Liar(sic) 'morally' Broke(sic) & Co MUCH, MUCH more if we COLLECTIVELY win this. 
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Post by supernumerary on Feb 26, 2020 7:00:33 GMT
JUST after 7 AM, Wednesday 26th February 2020.
50 HOURS TO GO.
£73,300 pledged of the £75,000 stretched target, from 1,448 pledges.
Now at 97.73% of the way, to the TARGET.
A further £1,700 needed to reach the GOAL.
This equates to requiring approximately, an average donation rate of £34 per hour, over the next 50 hours, to get to the £75,000 OBJECTIVE.
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Post by supernumerary on Feb 26, 2020 12:00:50 GMT
JUST after MIDDAY, Wednesday 26th February 2020.
45 HOURS TO GO.
£74,075 pledged of the £75,000 stretched target, from 1,480 pledges.
Now at 98.77% of the way, to the TARGET.
A further £925 needed to reach the GOAL.
This equates to requiring approximately, an average donation rate of £20.56 per hour, over the next 45 hours, to get to the £75,000 OBJECTIVE.
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Post by loftankerman on Feb 26, 2020 13:39:03 GMT
Is anyone else wondering if this is going to be like an eBay auction where there are a bunch of seasoned bidders trying to get a winning bid in at the last second before it closes? Here I can imagine that someone might be weighing up the time and affordable amount at which they can dive in with a closing pledge. If that isn't the case, maybe this will encourage a few to give it a go.
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Post by supernumerary on Feb 26, 2020 18:04:26 GMT
Lendy Action Group is CURRENTLY OUR ONLY HOPE in Town.
The LENDY ACTION GROUP LEGAL FUND represents “THE EFFORT” of ALL our endeavours and our BEST CHANCE to get justice done.
THIS WAS the moment, that WE STOOD UP TO BE COUNTED and SUCCEEDED.
It was over the finishing line at approx. 6:01pm, Wednesday, 26th February 2020.
£75,000 pledged of £75,000 stretched target from 1,519 pledges
FINAL pledges & comments on the LENDY ACTION GROUP LEGAL FUND Crowd Justice page;
joel pledged £30
Keep up the good work LAG.
Julian pledged £25
Do we want our money back? I know I do. 3 days left to do this and fight back....my third pledge.
Peter pledged £10
Another tenner, help to get us over the line
Jake pledged £417
If you guys keep leaving odd amounts, I will keep rounding them up. It's more elegant, and we will get these crooks if we stick together and pool our expertise too.
Milan pledged £30
Thank you for your effort
Samantha pledged £5
Thanks again
Gerald pledged £20
Thank you Lisa!
Ann pledged £25
Keep up the good work 👍🏻
Steve pledged £25
3rd donation
Jake pledged £330
£73k ... We are only £2k off! Common everyone, we can do this!
Raymond pledged £15
Thank you for all of your hard work,
Someone pledged £125
6th Pledge. The good book states; "VENGEANCE IS MINE, I WILL REPAY," says the Lord'. Supernumerary - P2P Independent Forum.
Someone pledged £125
7th Pledge. The good book states; "VENGEANCE IS MINE, I WILL REPAY," says the Lord'. Supernumerary – Lendy Action Group Member.
Someone pledged £5
Thanks for organising this. I only have a small amount left in Lendy. I hope these efforts achieve a better outcome than leaving it just to the administrator's.
Heather pledged £15
Good luck with the final push
Gill pledged £10
Second pledge. Keep up the good work!
David pledged £25
I wish us all the best of luck. Let justice win.
John pledged £20
Well done Lisa & the LAG team. I have now contributed 5 x that requested and more is available if required. My potential losses to Lendy et al are within my annual investment tolerances but there is a more important factor at stake here. And that is "outright dishonesty"
Nick pledged £25
2nd contribution to help get us to target. Thank you so much Lisa and co for all your efforts. This is about more than the money.
Jon pledged £20
Totally agree with John that we need to fight this immoral, and probably illegal, waterfall!
HARRY pledged £50
This is my second donation. Well done, Lisa. All strength to your elbow !
Richard pledged £10
Thank you.
susan pledged £90
Really pushing the boat out here and donating £90 to round up the pot to £73,900. I’m so grateful to Lisa and all those helping fight this. Thanks
Linda pledged £15
The final run...or the move towards the starting line. So glad of the solidarity, expertise and commitment of the group. Many thanks to Lisa and the team.
Gary pledged £40
I really hope this works out for us!
Peter pledged £10
Hope this top-up helps get the total over the line
James pledged £15
Not much but every little helps as they say!
Someone pledged £25
Well done here is my second pledge.
Peter pledged £35
Doubling up.......... like so many others
Someone pledged £10
Thanks and good luck to all
George pledged £15
My second pledge as promised!
Richard pledged £50
2nd pledge
Someone pledged £21
Nearly there so just coveing an extra hour!!
Gaurav pledged £15
2nd pledge
Someone pledged £40
Just want to see this scoundrel brought to justice!
Peter pledged £35
Here's a bit more good luck guys.
Caroline pledged £25
On behalf of my Father who invested and who sadly passed away unaware of what was to come. Good luck and thank you for all your hard work.
Someone pledged £25
We need to keep fighting!
Wengold pledged £12
my effort
Mike pledged £25
thanks for all your hard work I am sure we all appreciate your efforts
vojta pledged £5
Thanks guys for your time, finger crossed!
Philip pledged £50
Third time lucky!
Paul pledged £10
another little bit to help get closer...
Someone pledged £10
Second pledge, thanks for organising this, here's hoping for a speedy successful outcome.
Geoff pledged £20
Nearly there we can do it
Gavin pledged £45
Boom! Are we there yet?
WELL DONE & THANK YOU to ALL of you, who have pledged to this TRULY MAGNIFICANT EFFORT.
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jhamster
Member of DD Central
Posts: 107
Likes: 145
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Post by jhamster on Feb 26, 2020 19:54:56 GMT
Excellent.
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Post by paul123 on Feb 26, 2020 20:41:56 GMT
From Lisa on fb:
You did it!!!!
Every penny pledged sent a message that we will not take this atrocity laying down. The solicitors are now hard at work trying to unravel every lie, every attempt to pervert the truth and every attempt to divert our rightful recovery.
I will keep everyone updated to our progress.
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travolta
Member of DD Central
Posts: 1,506
Likes: 1,214
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Post by travolta on Feb 27, 2020 8:25:33 GMT
Phew!  |
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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
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Post by Godanubis on Feb 27, 2020 15:30:04 GMT
Phew! Let us hope your relief is repeated at the end of this process and we will all join you in a massive coordinated exhalation.  Well done all.
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Post by paul123 on Apr 16, 2020 7:23:42 GMT
From fb:
***LAG Legal Update 15/4/20***
Just a quick note to let everyone know we are patiently wait for RSM to file with the courts. During this time we are preserving cash and limiting our conversations with the admin as we found we were not getting meaningful responses to our quieries.
We have now selected QC and are educating them on the entire Lendy saga so they are prepared to argue on our behalf.
The process continues to be slow going but is progressing.
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Post by paul123 on May 1, 2020 20:41:44 GMT
From fb:
***Update 1/5/20***
As we are in a waiting period, I wont be updating for a while as there'll be little new info, however, I thought it would be beneficial to provide detail on what will happen next and while we wait.
Next Steps: will commence once RSM issues the Application to the courts. That means they pay a Court fee and file a document describing the relief (ie. the directions) they seek. They will at the same time (or perhaps soon after) file a witness statement exhibiting a bundle of documents comprising the evidence they consider to be relevant to the Application.
RSM will then serve copies of the Application and the evidence on parties who they consider to have an interest in the outcome. They may or may not include LAG directly.
When issuing the Application, the Court will fix a date at which there will be an initial hearing. Confusingly, that is known as a “directions” hearing. It is not the hearing at which the Application will be determined, but is instead a forum at which the Court will make orders relating to procedural aspects of the matter.
Shortly after “service”, we will provide notice that LAG wishes to be joined as a party and will be a seeking an Order, as a preliminary issue, that its costs are met by the estate. Other parties may make similar or other procedural requests. At present, RSM is “reserving the position” on the question of LAG’s costs. If RSM consents, it is likely that the Court will make the Order without consideration of argument. If, however, RSM continues to sit on the fence, or opposes, we will have to persuade the Court that it is fair that LAG’s costs should be met by the estate. Because only 15 minutes will have been allocated for the initial hearing, that issue will probably have to be adjourned and dealt with separately.
In the meantime, at the initial hearing the Court will set a timetable for the parties (whoever they may be) to file and serve on RSM and each other any evidence on which they wish to rely. Because RSM’s evidence is likely to be voluminous, the other parties will be allowed several weeks.
After that is determined, the timetable will run its course. Any party wishing to amend the terms of RSM’s Application, or to adduce additional evidence will get an opportunity and reasonable time in which to do so. There will be orders as to whether any person, and if so who,
When the Court is content that all procedural issues are resolved and the matter is ready for final determination, counsel for the parties will be asked to estimate the likely duration of the final hearing, and the Court will fix a date; how far in advance will be a function of the estimated duration and the state of the waiting list at the time.
So, you can see how it might take many months before we get to a final hearing; and that it is impossible to predict at this point when that will be.
I will advise once we have any movement.
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Post by paul123 on Jul 2, 2020 13:36:07 GMT
From fb:
Lisa: Happy July 1st. I've been getting a load of questions so I simply wanted to post an update stating there is no update. Unfortunately RSM has yet to file the paperwork with the courts. Our legal representation is ready once they do. Until then we remain on hold.
Stay safe!!!
Q/A
Do they have a time limit as to when they need to submit their paperwork by? Otherwise, they could just never do so
Lisa: eventually they will but there's no time limit
youd think for £150/hour , these super skilled administrators could easily file the paperwork
Lisa: it's probably over £500 per hour and the longer they take the higher the fees😟
i thought the base admin staff were on 150/hour
Lisa:this is being prepared by their lawyers
ahhh well for 500/hour, even worse! am I right in thinking if we lose, we pay their costs out of the main pot of our money ?
Lisa:that is not correct if they file
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