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Post by waryinvestor on Oct 4, 2020 10:08:05 GMT
So have they suspended maturities on their listed bonds? My concern since their change of business model is that bad debt could be dumped onto P2P investors. They are trying to woo the Bond Holders to vote in favour of the CVA - by falsely (once again) promising a 25% return instead of 1% :-(
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elsee
Member of DD Central
Retired:D
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Post by elsee on Oct 8, 2020 15:20:27 GMT
My apologies to elsee, her original post was accurate...sorry. I have received the dreaded email notification from Wellesley this morning. " Wellesley has made the decision to suspend maturities on all upcoming investments amid ongoing market challenges. This means that the final interest payment and capital on your 3 Year Wellesley Mini-Bond - Series 1 13******** will not be paid into your holding account tomorrow as scheduled. Wellesley will be making an announcement with further information regarding your investment in the next seven days. Please keep an eye out for this email in your inbox." elsee's original post on this was on the 14th, so in theory those of us affected should hear from Wellesley tomorrow. We'll see! No worries:) just returned from a lovely 17 day break so didn't see any of these post
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