ds187
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Post by ds187 on Apr 8, 2021 16:01:09 GMT
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Post by kjwx109 on Apr 10, 2021 13:08:46 GMT
Have emailed Quantuma a couple of times telling them the email and address THC have on file for me are no longer valid but no joy. Should I expect them to engage with these queries?
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Post by jonathan24 on Apr 10, 2021 15:16:03 GMT
Have emailed Quantuma a couple of times telling them the email and address THC have on file for me are no longer valid but no joy. Should I expect them to engage with these queries? When did you email them? It took them about a week to respond to my email and it might be longer now, with having had the Easter holidays.
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Post by kjwx109 on Apr 11, 2021 10:24:49 GMT
About 3 weeks ago and followed up about a week ago
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Post by lisao on Apr 16, 2021 13:19:44 GMT
O
If any THC investors who have not had a recent invitation from Amr, wish to join a dedicated investors-only forum invitation, please reach out to me and I'll share a link to connect to a closed investors forum: owenowen291@gmail.com
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mikeb
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Post by mikeb on Apr 18, 2021 15:14:59 GMT
O If any THC investors who have not had a recent invitation from Amr, wish to join a dedicated investors-only forum invitation, please reach out to me and I'll share a link to connect to a closed investors forum: [Edited]@[gmail.com Who or what is "AMR?" Why would they be sending invitations, and how did they get investor's details? How is this distinguishable from someone trolling for "Have you been a victim of a Nigerian Prince? We can get your money back! Please contact us!"
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Post by lisao on Apr 20, 2021 9:23:01 GMT
Mikeb - Amr is simply the name of a THC investor who is reaching out to other investors with a view to connecting on matters that impact us all. This includes other investors who had already established connections via other investor groups e.g. Facebook, to discuss the same matter. Investors are free to join the group that's been established, if they wish to do so. Of course if they don't, that's personal choice. It's purely a discussion thread - nobody is trolling, nobody is promising to recover funds.
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dan223
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Post by dan223 on Apr 20, 2021 21:42:48 GMT
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Post by lisao on Apr 21, 2021 6:27:51 GMT
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ktg
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Post by ktg on Apr 22, 2021 10:29:23 GMT
I talked to the administrators as unfortunately, I am a considered a significant investor ![:(](//storage.proboards.com/forum/images/smiley/sad.png) It doesn't sounds like its a complete disaster, taken them a few week while to getting independent valuations of each investment - values on selling as is, finishing developments etc. HCPs (SVP rentals) will likely all be sold at market. and likely all get all their equity back +/- whatever the market has done. No real drama there. Again, just takes time. There are ~60 rental SVPs. HCDs (Developments), estimates should get 80-90% back, and likely more - but its development dependant, some will get interest still. Much more financially sensible to finish the builds then to sell as is. Few are under funded (due to no more fund raising rounds) so will have to go to external funding to finish the developments, others have cash sitting in account to finish. It will just take time. I don't have exposure to the personal loans, I never liked the concept. So cant really comment. Of note, the administrators are going to have a detailed investment by investment plan laid out for investors to see. It will have time frames, values, short falls, expected returns, general accurate status etc. So we will know what each portfolio will look like. other interesting points...about 3,700 investors, ~60 GBP million from those investors So, end of the day - not horrid - and this is why it was quite a decent investment concept upfront - losses should be limited due to the nature of it being asset backed. Sounds like it was a bit mismanaged and there was some bleeding of funds between entities etc, also didnt get the cash flow it was expecting from the SVP rentals on capital gains, etc so House Crowd just ran out of cash really. There doesnt seem to be some massive black hole of funds or anything, House crowd doesnt have big creditors etc
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ktg
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Post by ktg on Apr 22, 2021 10:33:16 GMT
Hi lostsheep,
Thank you for this. I too invested quite a significant amount, in 2014 as a C share holder.
Did Administration mention anything about C share holders who invested early on in THC (not via Sdeers)?
Usually, they are the last ones to be considered, so concerned I won't get anything back. Most of the discussions are on investors in projects, but not much out there in regards common shareholders.
It says in the original investment proposal, "All investors in The House Crowd crowdfunding platform will have their shareholding mirrored in HCPM thus obtaining a stake in a large property portfolio" - Does this mean anything?
Many thanks.
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Post by jonathan24 on Apr 22, 2021 16:46:20 GMT
Hi lostsheep, Thank you for this. I too invested quite a significant amount, in 2014 as a C share holder. Did Administration mention anything about C share holders who invested early on in THC (not via Sdeers)? Usually, they are the last ones to be considered, so concerned I won't get anything back. Most of the discussions are on investors in projects, but not much out there in regards common shareholders. It says in the original investment proposal, "All investors in The House Crowd crowdfunding platform will have their shareholding mirrored in HCPM thus obtaining a stake in a large property portfolio" - Does this mean anything? Many thanks. I suspect lostsheep's reference to being a significant investor is to having lent significant amounts to THC or having invested in property equity products, rather than being a shareholder in THC. Unfortunately, it looks like there are insufficient funds to repay all creditors in full and the shareholders wouldn't normally be entitled to any funds until after all other creditors have been paid, so it doesn't look particularly hopeful on that front. It doesn't even seem clear at the moment as to how much lenders to the development properties might get back, if anything.
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ktg
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Post by ktg on Apr 22, 2021 22:50:06 GMT
Thanks Jonathan. I appreciate the reply.
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corto
Member of DD Central
one-syllabistic
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Post by corto on Apr 22, 2021 23:14:57 GMT
THC did several podcasts not too long ago (before announcing administration) about the state of many of their projects. These didn't sound too bad. Somewhat consistent with the opinions expressed above. I am not sure the podcasts are still available.
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adrianc
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Post by adrianc on Apr 23, 2021 12:37:33 GMT
other interesting points...about 3,700 investors, ~60 GBP million from those investors So an average of £16k+/investor...? <wince>
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