bg
Member of DD Central
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Post by bg on Apr 11, 2020 12:15:26 GMT
Since 27th March 2020 #1194 £555k #628 £910k #686 £1.6m #798 £885.2k #945 £735k A total of £4.685m has been repaid - Where has all that cash gone? Why is this cash not being used to pay back the withdrawal queue? You need to check you figures, all but one two are incorrect. Plus of course, much of the loans are held by MLA investors, not the access accounts.
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alender
Member of DD Central
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Post by alender on Apr 11, 2020 12:18:50 GMT
I'm not a particular fan of AC, and although I haven't voted in this poll, I don't necessarily disagree with the request.
Nonetheless, I think your incessant tagging of the platform reps and posting never ending polls could have a detrimental effect on what you are trying to achieve and is unlikely to have any impact on getting your funds back any faster. If I was Chris or Stuart I would be resolutely ignoring you by now and far less likely to post anything on the P2PIF at all. That outcome would be to the disadvantage of all the forum's AC investors. I can see your point that AC will just ignore someone tagging them a lot, however I do not see it having a detrimental effect as AC have no intention passing back funds until it suites them. There is just a very small possibility that AC will see how annoyed some investors are and take this into consideration on when and how funds are distributed.
Also this poll will be ignored by AC as they will count everyone who does not vote a vote for their policies.
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Post by jasonnewman on Apr 11, 2020 12:21:18 GMT
I'm not a particular fan of AC, and although I haven't voted in this poll, I don't necessarily disagree with the request.
Nonetheless, I think your incessant tagging of the platform reps and posting never ending polls could have a detrimental effect on what you are trying to achieve and is unlikely to have any impact on getting your funds back any faster. If I was Chris or Stuart I would be resolutely ignoring you by now and far less likely to post anything on the P2PIF at all. That outcome would be to the disadvantage of all the forum's AC investors. I can see your point that AC will just ignore someone tagging them a lot, however I do not see it having a detrimental effect as AC have no intention passing back funds until it suites them. There is just a very small possibility that AC will see how annoyed some investors are and take this into consideration on when and how funds are distributed.
Also this poll will be ignored by AC as they will count everyone who does not vote a vote for their policies.
That is precisely the problem, those that don't vote AC regard as in favour of what AC want to happen. Don't worry this bitter experience I am having with this company will mean I WILL NEVER invest with them again. NEVER.
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mark
Posts: 163
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Post by mark on Apr 11, 2020 13:01:42 GMT
I'm not a particular fan of AC, and although I haven't voted in this poll, I don't necessarily disagree with the request.
Nonetheless, I think your incessant tagging of the platform reps and posting never ending polls could have a detrimental effect on what you are trying to achieve and is unlikely to have any impact on getting your funds back any faster. If I was Chris or Stuart I would be resolutely ignoring you by now and far less likely to post anything on the P2PIF at all. That outcome would be to the disadvantage of all the forum's AC investors. I can see your point that AC will just ignore someone tagging them a lot, however I do not see it having a detrimental effect as AC have no intention passing back funds until it suites them. There is just a very small possibility that AC will see how annoyed some investors are and take this into consideration on when and how funds are distributed.
Also this poll will be ignored by AC as they will count everyone who does not vote a vote for their policies.
In reality, there are just a few very annoyed, noisy 'usual suspects'. AC has majority investor support who, why not happy, are content to support AC managements approach and strategy. Any business that did alter direction due to an overly emotive, minority, rather than sound business reasoning or knowledge, would rightfully lose the support of the majority. Of course, I recognise here that the emotive minority have no interest the in views of anyone except their own.
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Post by jasonnewman on Apr 11, 2020 13:09:28 GMT
I can see your point that AC will just ignore someone tagging them a lot, however I do not see it having a detrimental effect as AC have no intention passing back funds until it suites them. There is just a very small possibility that AC will see how annoyed some investors are and take this into consideration on when and how funds are distributed.
Also this poll will be ignored by AC as they will count everyone who does not vote a vote for their policies.
In reality, there are just a few very annoyed, noisy 'usual suspects'. AC has majority investor support who, why not happy, are content to support AC managements approach and strategy. Any business that did alter direction due to an overly emotive, minority, rather than sound business reasoning or knowledge, would rightfully lose the support of the majority. Of course, I recognise here that the emotive minority have no interest the in views of anyone except their own. Well I hop people like you keep re-investing your cash...it will allow me to get out of this platform quicker...
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alanh
Posts: 556
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Post by alanh on Apr 11, 2020 13:12:30 GMT
The question here is why, after at least 4 years of disclosing the full account balances, have AC now decided to withdraw them? Its clearly a conscious decision - they have made a change to their system in order to do this.
At the same time we know that the cash balance in the access accounts has been increasing. We also know that very little of this has been paid out to investors.
Cash levels up Very little paid out Disclosure levels down
You would almost think that there is something going on that they don't want anyone to see
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,329
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Post by ilmoro on Apr 11, 2020 13:37:11 GMT
Since 27th March 2020 #1194 £555k #628 £910k #686 £1.6m #798 £885.2k #945 £735k A total of £4.685m has been repaid - Where has all that cash gone? Why is this cash not being used to pay back the withdrawal queue? chris stuartassetzcapital Which bit of Stuarts (and others) post did you not read? Inflows are going to meet withdrawals and drawdowns on existing tranche loans, plus some to rebuild the cash buffer so the account is able to operate closer to its usual manner It has been quite clearly explained why that is happening. It not going to change no matter how many times you ask the same question.
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Post by jasonnewman on Apr 11, 2020 13:41:37 GMT
The question here is why, after at least 4 years of disclosing the full account balances, have AC now decided to withdraw them? Its clearly a conscious decision - they have made a change to their system in order to do this. At the same time we know that the cash balance in the access accounts has been increasing. We also know that very little of this has been paid out to investors. Cash levels up Very little paid out Disclosure levels down You would almost think that there is something going on that they don't want anyone to see Yep - Loads going on, most of the investors on these boards going to get royally shafted in my view, but hush hush let them keep re-investing their cash so the likes of me and you can get out.
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Post by jasonnewman on Apr 11, 2020 13:42:25 GMT
Since 27th March 2020 #1194 £555k #628 £910k #686 £1.6m #798 £885.2k #945 £735k A total of £4.685m has been repaid - Where has all that cash gone? Why is this cash not being used to pay back the withdrawal queue? chris stuartassetzcapital Which bit of Stuarts (and others) post did you not read? Inflows are going to meet withdrawals and drawdowns on existing tranche loans, plus some to rebuild the cash buffer so the account is able to operate closer to its usual manner It has been quite clearly explained why that is happening. It not going to change no matter how many times you ask the same question. Minor shareholder in AC - Hope you didn't invest much of your wealth in AC - the outlook doesn't look good to me.
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Post by dan1 on Apr 11, 2020 13:44:21 GMT
I'm not a particular fan of AC, and although I haven't voted in this poll, I don't necessarily disagree with the request.
Nonetheless, I think your incessant tagging of the platform reps and posting never ending polls could have a detrimental effect on what you are trying to achieve and is unlikely to have any impact on getting your funds back any faster. If I was Chris or Stuart I would be resolutely ignoring you by now and far less likely to post anything on the P2PIF at all. That outcome would be to the disadvantage of all the forum's AC investors. I would add that those trying to support AC at this time would do well not to engage in personal debates. It only serves to fuel negative discussions and thereby degrade the reputation of AC. By all means correct factual errors but don't try and question their motives, quote their previous posts or any of that stuff, it only does harm to AC. Why do I say this? Put yourselves in the shoes of a new or existing investor who stumbles across this forum, would you consider investing or add further funds when you read page after page of bad tempered debate?
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alender
Member of DD Central
Posts: 981
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Post by alender on Apr 11, 2020 14:11:05 GMT
I'm not a particular fan of AC, and although I haven't voted in this poll, I don't necessarily disagree with the request.
Nonetheless, I think your incessant tagging of the platform reps and posting never ending polls could have a detrimental effect on what you are trying to achieve and is unlikely to have any impact on getting your funds back any faster. If I was Chris or Stuart I would be resolutely ignoring you by now and far less likely to post anything on the P2PIF at all. That outcome would be to the disadvantage of all the forum's AC investors. I would add that those trying to support AC at this time would do well not to engage in personal debates. It only serves to fuel negative discussions and thereby degrade the reputation of AC. By all means correct factual errors but don't try and question their motives, quote their previous posts or any of that stuff, it only does harm to AC. Why do I say this? Put yourselves in the shoes of a new or existing investor who stumbles across this forum, would you consider investing or add further funds when you read page after page of bad tempered debate? I do agree with your comments.
However the problem is by AC treating investors differently it has caused a spilt, on one side the small investors and those that think AC is doing a good job and on the other side those investors that see their investments degraded by AC policies. This split was primally caused by AC and will probably ultimately hurt AC and investors.
This has got to point where I believed one poster from the opposite camp on this forum trolled me across to any another platform forum to leave disparaging remarks when all I was asking for were factual numbers. The I reason believed I was trolled is that I could find no previous posts on that forum by that poster but a number on this forum. Just for the record it is not one of the few more prevalent posters in favour of AC. This other platform is lock down but is treating all lenders the same and there is very little if any antagonism.
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Post by Harland Kearney on Apr 11, 2020 14:11:28 GMT
I'm not a particular fan of AC, and although I haven't voted in this poll, I don't necessarily disagree with the request.
Nonetheless, I think your incessant tagging of the platform reps and posting never ending polls could have a detrimental effect on what you are trying to achieve and is unlikely to have any impact on getting your funds back any faster. If I was Chris or Stuart I would be resolutely ignoring you by now and far less likely to post anything on the P2PIF at all. That outcome would be to the disadvantage of all the forum's AC investors. I would add that those trying to support AC at this time would do well not to engage in personal debates. It only serves to fuel negative discussions and thereby degrade the reputation of AC. By all means correct factual errors but don't try and question their motives, quote their previous posts or any of that stuff, it only does harm to AC. Why do I say this? Put yourselves in the shoes of a new or existing investor who stumbles across this forum, would you consider investing or add further funds when you read page after page of bad tempered debate? Be better if they simply didn't post incorrect stuff/panic mongering content to begin with. Which again and again we have corrected this OP and he still continues to re-ask the same questions again and again. On multiple threads, pinging AC staff multiple times. Posters dont' want to backseat moderate. But simply not responding to these outlandish claims makes AC looks even worse. Seems like the angry investors completely under-estimated the risk they took on and now its everyone else job to have to listen to the crying. The only thing in the past 3 weeks I agree with from the angry posters is the removeal of the current account numbers. However I think iRobot made a good point, the total investment value doesn't reflect other vairbles wihch are needed to get a correct contextual outlook on the health of the accounts. Not just total size. I've seen some of the regular posters whos posts I always take with high reguard as they are factual and when corrected are happy to find out more and post for everyone to share. Since the lockdown most of these posters are seldomly getting involved on your board now. Likely because of what you said above, there isn't even a point. They won't change their mind. This isnt' about facts, its about emotions and panic. Can't blame myself for over investing! As somebody with only a fraction of savings with AC, I'm not trying to "shill", but I've not seen this type of investor behavior on any other board. Not on stock boards, platform boards (non-p2p) or general market talk. I've actually seen discussion about the P2P industry on City-wire Forums, at least there I could read it without a massive head ache of nonsense not even related to the product. (Many of them had small holdings in P2P including AC) God knows, I will get qouted to shi* now anyway, about how its not a proportional pool.
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alanh
Posts: 556
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Post by alanh on Apr 11, 2020 14:24:56 GMT
I would add that those trying to support AC at this time would do well not to engage in personal debates. It only serves to fuel negative discussions and thereby degrade the reputation of AC. By all means correct factual errors but don't try and question their motives, quote their previous posts or any of that stuff, it only does harm to AC. Why do I say this? Put yourselves in the shoes of a new or existing investor who stumbles across this forum, would you consider investing or add further funds when you read page after page of bad tempered debate? Be better if they simply didn't post incorrect stuff/panic mongering content to begin with. Which again and again we have corrected this OP and he still continues to re-ask the same questions again and again. On multiple threads, pinging AC staff multiple times. Posters dont' want to backseat moderate. But simply not responding to these outlandish claims makes AC looks even worse. Seems like the angry investors completely under-estimated the risk they took on and now its everyone else job to have to listen to the crying. The only thing in the past 3 weeks I agree with from the angry posters is the removeal of the current account numbers. However I think iRobot made a good point, the total investment value doesn't reflect other vairbles wihch are needed to get a correct contextual outlook on the health of the accounts. Not just total size. I've seen some of the regular posters whos posts I always take with high reguard as they are factual and when corrected are happy to find out more and post for everyone to share. Since the lockdown most of these posters are seldomly getting involved on your board now. Likely because of what you said above, there isn't even a point. They won't change their mind. This isnt' about facts, its about emotions and panic. Can't blame myself for over investing! As somebody with only a fraction of savings with AC, I'm not trying to "shill", but I've not seen this type of investor behavior on any other board. Not on stock boards, platform boards (non-p2p) or general market talk. I've actually seen discussion about the P2P industry on City-wire Forums, at least there I could read it without a massive head ache of nonsense not even related to the product. (Many of them had small holdings in P2P including AC) God knows, I will get qouted to shi* now anyway, about how its not a proportional pool. It is as alender said - a situation entirely of AC's own making by creating a situation where certain lenders are prioritized over others, the net result being an internal civil war. Just to clarify......when you refer to "angry investors" are you talking about the ones who are currently having their cash misappropriated from them to fund the small investor bailout?
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Post by Harland Kearney on Apr 11, 2020 14:36:42 GMT
Be better if they simply didn't post incorrect stuff/panic mongering content to begin with. Which again and again we have corrected this OP and he still continues to re-ask the same questions again and again. On multiple threads, pinging AC staff multiple times. Posters dont' want to backseat moderate. But simply not responding to these outlandish claims makes AC looks even worse. Seems like the angry investors completely under-estimated the risk they took on and now its everyone else job to have to listen to the crying. The only thing in the past 3 weeks I agree with from the angry posters is the removeal of the current account numbers. However I think iRobot made a good point, the total investment value doesn't reflect other vairbles wihch are needed to get a correct contextual outlook on the health of the accounts. Not just total size. I've seen some of the regular posters whos posts I always take with high reguard as they are factual and when corrected are happy to find out more and post for everyone to share. Since the lockdown most of these posters are seldomly getting involved on your board now. Likely because of what you said above, there isn't even a point. They won't change their mind. This isnt' about facts, its about emotions and panic. Can't blame myself for over investing! As somebody with only a fraction of savings with AC, I'm not trying to "shill", but I've not seen this type of investor behavior on any other board. Not on stock boards, platform boards (non-p2p) or general market talk. I've actually seen discussion about the P2P industry on City-wire Forums, at least there I could read it without a massive head ache of nonsense not even related to the product. (Many of them had small holdings in P2P including AC) God knows, I will get qouted to shi* now anyway, about how its not a proportional pool. It is as alender said - a situation entirely of AC's own making by creating a situation where certain lenders are prioritized over others, the net result being an internal civil war. Just to clarify......when you refer to "angry investors" are you talking about the ones who are currently having their cash misappropriated from them to fund the small investor bailout? No, I'm talking about the ones who feel the need to make 5 Poll threads which then devulge into the same conversation. Even my Thread made on the AA lock day on March 13th is the same content as this thread. It has reached a point, where arguments in one thread, are no longer valid and were then ad-hocly continued into another thread, lol.
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iRobot
Member of DD Central
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Post by iRobot on Apr 11, 2020 14:46:09 GMT
Just to clarify......when you refer to "angry investors" are you talking about the ones who are currently having their cash misappropriated from them to fund the small investor bailout? Curious as to why you think AC are arranging a "small investor bailout". Not the mechanics behind it, but the motives.
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