duck
Member of DD Central
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Post by duck on Jun 2, 2021 14:36:27 GMT
Hi duck Can I still help or is it too late? Certainly not too late, the more Col investors that join the better. You should have a PM.
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Post by djfarnham on Jun 2, 2021 15:13:10 GMT
Can you add me as well Duck?
Only log in occasionally but will check my PMs from now on. Appreciate all your efforts.
D
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duck
Member of DD Central
Posts: 2,585
Likes: 5,736
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Post by duck on Jun 2, 2021 15:28:25 GMT
Can you add me as well Duck?
Only log in occasionally but will check my PMs from now on. Appreciate all your efforts.
D
The PM should be with you now.
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registerme
Member of DD Central
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Post by registerme on Jun 3, 2021 9:33:15 GMT
duck, has anybody pointed out to that MP who came out with the "sophisticated hack" comment that it wasn't any such thing?
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jw01
Posts: 62
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Post by jw01 on Jun 3, 2021 9:41:08 GMT
Please add me as well.
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duck
Member of DD Central
Posts: 2,585
Likes: 5,736
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Post by duck on Jun 3, 2021 11:07:52 GMT
duck , has anybody pointed out to that MP who came out with the "sophisticated hack" comment that it wasn't any such thing? It has been more than pointed out. A submission to the TC using the collateralp2plenders Email address was made and I know of at least 2 submissions that have been made by constituents, one of which will go direct to the TC. Unfortunately I cannot reproduce the text here since it contained details (dates, names etc) that the FCA might view as detrimental to the investigation/possible criminal charges if published. Whilst we all know the basic details of how the change was made there are some extra details that nobody can publish at present. Rest assured that this matter has been comprehensively dealt with.
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duck
Member of DD Central
Posts: 2,585
Likes: 5,736
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Post by duck on Jun 3, 2021 11:12:00 GMT
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Post by kjwx109 on Jun 5, 2021 20:35:48 GMT
Can you send me a PM please?
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duck
Member of DD Central
Posts: 2,585
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Post by duck on Jun 6, 2021 3:04:53 GMT
Can you send me a PM please? Certainly can, one has been sent.
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duck
Member of DD Central
Posts: 2,585
Likes: 5,736
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Post by duck on Jun 8, 2021 4:41:22 GMT
OK it's confession time. As I have discussed with several Col investors via PM conversations I have been struggling to get a reply from my MP. I have found this to be embarrassing when I see others receiving positive responses. Finally after 3 sendings I received a positive response yesterday and profuse apologies for the time it has taken to reply. I can finally feel that I have contributed to this 'push'. That said this post is not about smugness, it is about those of you who have received the letter, have sent it and have heard nothing more. Whilst I cannot calculate the number of investors who have received the letter and have not received a response from their MP I anticipate that there are a fair number. The closest number I can come up with is in excess of 100 where I have sent the letter to an investor and I have heard no more. I anticipate some of those letters were never sent but how many I have no idea. So if you have sent the letter, but have received no response and want to pursue the push drop me a PM with the date you sent your letter(s) and if I don't hold it already your MPs name. I will do everything I can to help you. A fair number of investors have already contacted me saying that their MP hadn't replied and with a little extra work we have succeeded with a more 'individual approach'. Whilst no promises can be made as to how this will end, the 'lings' and I are as determined as ever to try to get your cash returned to you.
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misscas
Member of DD Central
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Post by misscas on Jun 8, 2021 18:12:35 GMT
A little belated but welcome nonetheless my MP has today emailed me the response he received from the Treasury Committee. It is the same wording as others have posted so nothing new but I am encouraged that Collateral is being discussed both on and off the record at Westminster. if you have not yet emailed your MP please find a few minutes and do it now. Every email really does count. If you haven't already got a copy of Duck's helpful template just post here or message him.
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jcm9000
Member of DD Central
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Post by jcm9000 on Jun 16, 2021 8:04:01 GMT
I need to follow up with my MP as never heard back. I may tweet the chap as well.
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duck
Member of DD Central
Posts: 2,585
Likes: 5,736
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Post by duck on Jun 16, 2021 8:42:39 GMT
I need to follow up with my MP as never heard back. I may tweet the chap as well. I will drop you a PM before you do that, I may have something to help you.
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duck
Member of DD Central
Posts: 2,585
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Post by duck on Jun 28, 2021 6:19:50 GMT
Time for an update. Firstly can I thank those of you who have managed to gain your MPs support and have had your representations referred to the Treasury Committee. For some people this has proved to be a simple task, the MP has instantly understood the problem and agrees that action needs to be taken. For other people gaining the support of their MP has been more difficult. Follow ups have been needed along with extra documentation and/or letters that the 'lings' and I have been supplying as necessary. What has become obvious over the months is that persistence pays off. There are now numerous instances of MPs responding at the second or third time of asking. If you have sent the letter and not received a reply that addresses the issues please let me know by PM and the lings and I will do all we can to help. The campaign itself is progressing well. The Treasury and other G'ment bodies are now well aware of the issues of Col but that doesn't mean we will see a suitable conclusion, far from it. With the 6 month review of the complaints to be notified to investors later this week and the yearly BDO report due in under 2 weeks we need to keep the pressure up if we are to see a meaningful return of funds to Col investors. We need to keep the letters from MPs arriving at the Treasury Committee and I'm afraid that is something that the 'lings' and I cannot do, that is down to investors. We will do everything we can to help you but MPs can only deal with constituents. We can and have campaigned many G'ment and associated bodies but it is the pressure from MPs and constituents that really counts. So if you haven't got a reply from your MP or haven't written yet it is certainly not too late to take action now. We need to keep this campaign running right the way through to September The FCA stated to the Treasury Committee and when pressed So once again thanks to those who have gained their MPs support and to those of you who haven't, don't give up. The objective of this campaign and everything the 'lings' and I have done over the last 3.5 years is to see a meaningful return of your Col money to you ..... so if you can do anything to help us please do it.
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duck
Member of DD Central
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Likes: 5,736
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Post by duck on Jul 12, 2021 10:15:46 GMT
A month has now passed since I sent out well over 100 individual PMs to Col investors asking for any feedback following requests for the MPs letter. These PMs also offered help to those that had sent the letter to their MP and had not received a response. This offer naturally remains open. Thank you to those of you who replied. Unfortunately 80% of the PMs were not answered. There are many and varied possible reasons why PMs have not been answered, but this does make the 'lings' and my work even more difficult in attempting recover your money and to put it back in your pockets. Anybody who has read more than a couple of my posts will realise that I am a realist. I know that not all the letters I sent out will have been filled in and sent to MP's. I know that some investors will not want to persue their MP having sent the initial letter. Some investors will simply have forgotten to send the letter. You might be thinking 'why so much emphasis on the letter?', this is simply because it represents the best chance for Col investors to see a meaningful amount of their hard earned cash returned. Last week Col investors received a depressing (but not unexpected) report from BDO. Unless you are very 'lucky' the return from this source will be low. The FCA are still pressing ahead (delayed) with their position that they will not compensate for capital losses (even when they caused them) limiting payments to £75 - £150 for 'distress and inconvenience'. HMRC have of course long ago ruled out being able to claim Col losses against income. As the previous paragraph makes clear the fight to have funds returned is not and has never been easy, as I said earlier the letter represents the best chance. The campaign has now been running for just over two months and has been well received at the Treasury Committee, thank you to those of you who have managed to have their cases and their MPs support logged there. Col is now being seen for what it is, very serious regulatory failure. It appears that we need to keep the campaign going until the start of September when Nikhil Rathi promised the Treasury Committee an update (Q154) So if you have the letter and have not sent it please send it to your MP. If you have not received a response from your MP please PM me and I will be able to help, we have put together a method that has many successes. If you have not got involved so far but want to now it is never too late to join. Finally any feedback you can give me is valuable in our fight to have your funds returned, just drop me a PM with details good or bad. This feedback is being used to work out what our next moves should be. As always the lings and I will continually to work on this matter daily, we are determined to see a meaningful return to investors.
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