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Post by Harland Kearney on Apr 7, 2020 12:00:21 GMT
Yes I dont' know, Nobody here knows anything other than speculation. The only thing certain is the payouts are drying up. I guess that only benefits small investors too  |
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Mikeme
Member of DD Central
Posts: 428 
Likes: 331
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Post by Mikeme on Apr 7, 2020 12:03:47 GMT
How did a simple thank you descend into this?
I changed my name so that alanh can feel he is a winner at something .
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Post by Harland Kearney on Apr 7, 2020 12:07:18 GMT
Not sure,
I will continue to lurk here, maybe post only when I can actually help somebody. Board has devolved into something else since the lockout, most of the normal folk posting have stopped or only post rarely.
I think its because they came to the conclusion that isn't really much point now, in the sense that AC are doing their thing, and not alot of information that is solid is coming our way for discussion. (besides from the fact that people are panicing ofc)
I really hope the majority of investors in AC dont' read this board at this point lol. Since alot of the information is downright wrong (including my own, in hindsight) and the speculation is dangerous.
Be nice if AC posted more though, but have no obligation too ofc.
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alanh
Posts: 556
Likes: 560
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Post by alanh on Apr 7, 2020 12:08:02 GMT
How did a simple thank you descend into this? I changed my name so that alanh can feel he is a winner at something . I think it descended into this because everyone is fed up with the happy clappy "its all right" crowd going round pretending that everything is rosy. I mean what a pointless thread anyway - "AC staff have a drink on me"  Anyway, haven't you got to go off and laugh at someone having their house repossessed?
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Mikeme
Member of DD Central
Posts: 428
Likes: 331
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Post by Mikeme on Apr 7, 2020 12:12:00 GMT
How did a simple thank you descend into this? I changed my name so that alanh can feel he is a winner at something . I think it descended into this because everyone is fed up with the happy clappy "its all right" crowd going round pretending that everything is rosy. I mean what a pointless thread anyway - "AC staff have a drink on me" Anyway, haven't you got to go off and laugh at someone having their house repossessed? If youre happy and you know it clap your hands
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tjtl
Posts: 232
Likes: 351
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Post by tjtl on Apr 7, 2020 12:39:55 GMT
Some of the personal vitriol on this board is in danger of getting out of order. Surely there can be disagreements without the need for personal insults. There have been postings which have been informative, educative, and insightful- unfortunately it is becoming a chore to try and find them as they are in danger of getting lost behind a stream of invective.
And I see no harm in posts that try and inject a bit of humour, goodness knows, we could do with it.
Some posters are clearly very unhappy with the current position (I suspect we all are), and some put the blame on the AC management. Others give the management the benefit of the doubt. And others (like me) know just how hard it is to run a business in these markets and know that management (me with my company) make mistakes- and the mistakes are that- mistakes, not devious underhand attempts to rip counter-parties off.
Those that have lost all faith with AC will leave when and if they can, others will stay put- both positions have merit, and people can arrive at different conclusions, and should be allowed to post accordingly without being abused.
For my penny-worth I think the management are trying hard but are guilty of the cardinal sin of crisis management- they are not communicating with all stakeholders anything like frequently enough. Well meaning video-homilies from kitchen tables are no substitute for regular factual updates- and the management should be prepared to admit errors (such as the penalisation of large holders- being one myself). The management need to get on the front foot- “own the narrative” , provide meaningful frequent updates, and then maybe , just maybe, they will deserve that drink that others have offered to buy them.
For the rest of us, some of the postings have been enough to drive us to drink.
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star dust
Member of DD Central
Posts: 2,998
Likes: 3,531
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Post by star dust on Apr 7, 2020 12:43:42 GMT
Mod Hat Off/ I'm an AC investor so I 'get' the different camps, I've also got a foot in both as a minnow investor it's likely my trapped swept cash will be out soon, but I perfectly understand the position of the whales which I think is grossly unfair particularly as several have 'provided' large amounts of cash to AC at times enabling them to grow. I understand why AC have acted like this but I deplore they way they did it and don't think it was necessarily their only option.
However...........
Mod Hat On/ The repetitive posting SHOUTING and trading insults is well and truly outside the forum rules and whilst we may tolerate it at times particularly when issues 'break' and emotions run high, enough has become enough. So no more please, agree to disagree politely, or there will be posts (and possibly even threads) removed and enforced absences for persistent offenders. Thank you all for your co-operation.
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alender
Member of DD Central
Posts: 981
Likes: 683
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Post by alender on Apr 7, 2020 12:47:12 GMT
You can get a good idea of what is going on if you look at your loan books. If you take a download of your QAA book which is in the withdraw pool ASAP put into Excel, take a download say a day or week later, put this into the same Excel sheet, you will find loans missing, these will have been repaid, sum the money you had invested in the Loans, now check the payments to your cash account. You can see what proportion you have been given against what you had in the loans. You can also check your change in allocation of the loans in your book to see where AC have relocated your money. Sum up all the loans in your book and this will be less than account holding, I do not know where the difference is held but I assume in some cash buffer.
From this you can determine whether the pool system is best for you or not, however this will change as payout are reduced as more withdrawals hit the pool.
Given AC are somewhat economical with the figures this is the best way I can find to see what they are up to.
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Post by bracknellboy on Apr 7, 2020 12:55:27 GMT
Some of the personal vitriol on this board is in danger of getting out of order. Surely there can be disagreements without the need for personal insults. There have been postings which have been informative, educative, and insightful- unfortunately it is becoming a chore to try and find them as they are in danger of getting lost behind a stream of invective. And I see no harm in posts that try and inject a bit of humour, goodness knows, we could do with it. Some posters are clearly very unhappy with the current position (I suspect we all are), and some put the blame on the AC management. Others give the management the benefit of the doubt. And others (like me) know just how hard it is to run a business in these markets and know that management (me with my company) make mistakes- and the mistakes are that- mistakes, not devious underhand attempts to rip counter-parties off. Those that have lost all faith with AC will leave when and if they can, others will stay put- both positions have merit, and people can arrive at different conclusions, and should be allowed to post accordingly without being abused. For my penny-worth I think the management are trying hard but are guilty of the cardinal sin of crisis management- they are not communicating with all stakeholders anything like frequently enough. Well meaning video-homilies from kitchen tables are no substitute for regular factual updates- and the management should be prepared to admit errors (such as the penalisation of large holders- being one myself). The management need to get on the front foot- “own the narrative” , provide meaningful frequent updates, and then maybe , just maybe, they will deserve that drink that others have offered to buy them. For the rest of us, some of the postings have been enough to drive us to drink. sadly the "Like" button can only be applied once.
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alanh
Posts: 556
Likes: 560
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Post by alanh on Apr 7, 2020 13:01:59 GMT
You can get a good idea of what is going on if you look at your loan books. If you take a download of your QAA book which is in the withdraw pool ASAP put into Excel, take a download say a day or week later, put this into the same Excel sheet, you will find loans missing, these will have been repaid, sum the money you had invested in the Loans, now check the payments to your cash account. You can see what proportion you have been given against what you had in the loans. You can also check your change in allocation of the loans in your book to see where AC have relocated your money. Sum up all the loans in your book and this will be less than account holding, I do not know where the difference is held but I assume in some cash buffer.
From this you can determine whether the pool system is best for you or not, however this will change as payout are reduced as more withdrawals hit the pool.
Given AC are somewhat economical with the figures this is the best way I can find to see what they are up to.
I do this every other day or so for 2 reasons: 1) to keep an eye on what money should have been expected vs received as you say 2) for a moving snapshot of the loan holdings for use in the future should they be required as evidence
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alender
Member of DD Central
Posts: 981
Likes: 683
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Post by alender on Apr 7, 2020 13:08:06 GMT
My repayment on the 1st was significantly larger than any other day's (going back to the 20th Mar.), but yesterday's (the 6th) was larger than the previous three days (no payment on the 5th). Snap with my repayments. Are you including the amount of interest paid on the 1st Apr, not just from the QAA account but other accounts you have where the withdraw interest option is set.
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alanh
Posts: 556
Likes: 560
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Post by alanh on Apr 7, 2020 13:17:42 GMT
Are you including the amount of interest paid on the 1st Apr, not just from the QAA account but other accounts you have where the withdraw interest option is set. Exactly. The interest is not part of this, its just the usual monthly payout. As regards actual repayments into investors cash accounts there have been the following ones of note (if you call anything over a tenner "of note") 20/3 £41 25/3 £91 30/3 £17 1/4 £234 6/4 £16 There have been numerous other payments not worth listing of £3 here or £1.50 there that amount to almost nothing
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Post by Ace on Apr 7, 2020 16:14:16 GMT
Are you including the amount of interest paid on the 1st Apr, not just from the QAA account but other accounts you have where the withdraw interest option is set. Exactly. The interest is not part of this, its just the usual monthly payout. As regards actual repayments into investors cash accounts there have been the following ones of note (if you call anything over a tenner "of note") 20/3 £41 25/3 £91 30/3 £17 1/4 £234 6/4 £16 There have been numerous other payments not worth listing of £3 here or £1.50 there that amount to almost nothing Would some kind soul please create a new thread where the actual payments made since the pooling event could be listed and maintained in the first post in the thread. It would be good if it could be a purely factual thread. I would do this myself, but as I don't have any funds in the pool yet I would need to trawl through way too many threads and posts to find the info. I have several withdrawals from the 90DAA coming through and I'd like to get some idea of the repayment rate. TIA
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gmitz
Posts: 71
Likes: 22
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Post by gmitz on Apr 7, 2020 16:52:38 GMT
Exactly. The interest is not part of this, its just the usual monthly payout. As regards actual repayments into investors cash accounts there have been the following ones of note (if you call anything over a tenner "of note") 20/3 £41 25/3 £91 30/3 £17 1/4 £234 6/4 £16 There have been numerous other payments not worth listing of £3 here or £1.50 there that amount to almost nothing Would some kind soul please create a new thread where the actual payments made since the pooling event could be listed and maintained in the first post in the thread. It would be good if it could be a purely factual thread. I would do this myself, but as I don't have any funds in the pool yet I would need to trawl through way too many threads and posts to find the info. I have several withdrawals from the 90DAA coming through and I'd like to get some idea of the repayment rate. TIA I think such a thread would be meaningless as I think the playouts are random and don't correspond to one's holdings. Think of it as confetti thrown in the air, some land on your head, some don't 
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gmitz
Posts: 71
Likes: 22
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Post by gmitz on Apr 7, 2020 17:18:58 GMT
£20,000.00 from 90 days AA requested for 01/04/2020
01/04 - nada, zero, zilch
02/04 - £3.22
03/04 - £16.39
04/04 - £3.17
05/04 - nada, zero, zilch
06/04 - £23.16 (someone told AC it's my birthday)
07/04 - £7.53
Does that information help anyone?
The truth is, AC won't release any meaningful amount of cash until the crises is over. I don't know if that is legal or not but AC thinks sitting on as big as possible pile of cash is the only way to survive. They have obviously never planned for such crises. I might be wrong but if it was me. I would do the same as AC
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