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Post by duncandive on Feb 7, 2015 12:28:54 GMT
PBL 4 – We are going to be repaying and re-releasing this loan having offered to increase this loan by £250,000 so that the developer can exchange on a further piece of land adjacent to our security in Exeter. This will probably be happening next week. In due course, we will further increase the loan by approx. £1m in total based on the £3m valuation we have just received.savingstream will existing investors in this loan be allowed to "roll" their money over into the "new" loan That would be nice. Yes I have invested in PBL 004. However in the current climate, so long as the loan runs it's course, maybe it would be best to re-list it from scratch. That will keep all the new uninvested members happy. Plus SS say the loan is going to be increased by £250,000, so that would give more chances for us all any way. Or maybe roll over for existing investors and open the extra £250,000 to new investors only for the first 24 hours.. I'm easy whatever happens just so long as SS are allowed to maintain their KISS aproach. Simple is GOOD in My Book 
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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
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Post by ilmoro on Feb 7, 2015 12:54:04 GMT
SS dont roll loans as far as Im aware. The boaty loans have always been relaunched even when they are a continuation of the same loan.
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Post by duncandive on Feb 7, 2015 13:01:50 GMT
SS dont roll loans as far as Im aware. The boaty loans have always been relaunched even when they are a continuation of the same loan. That makes it clear. Thanks for that. Nice 'n' Simple then..
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Post by duncandive on Feb 7, 2015 16:02:37 GMT
SS dont roll loans as far as Im aware. The boaty loans have always been relaunched even when they are a continuation of the same loan. PBL 004 lenders were given the opportunity to continue their investments or withdraw their money when the loan was extended recently. savingstream can offer this facility to existing investors whilst allowing new lenders to participate. Hmmm 'Scratches Head'... I'm getting confussed... being rather new to all this, I'm learning something new almost every day it seems. Thanks Jaydee I guess it all depends if it will be classed as an extension or a new loan then. Time will tell. Either way I will keep my fingers crossed to re-invest at least a portion of what I managed to gain in 004.
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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: 11,315
Likes: 11,524
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Post by ilmoro on Feb 7, 2015 16:14:37 GMT
duncandive PBL 004 lenders were given the opportunity to continue their investments or withdraw their money when the loan was extended recently. savingstream can offer this facility to existing investors whilst allowing new lenders to participate. Hmmm 'Scratches Head'... I'm getting confussed... being rather new to all this, I'm learning something new almost every day it seems. Thanks Jaydee I guess it all depends if it will be classed as an extension or a new loan then. Time will tell. Either way I will keep my fingers crossed to re-invest at least a portion of what I managed to gain in 004. This was the exception rather than the rule (knew there was one but couldnt remember which) but the move away from boats to PBLs may result in a change in behaviour so guess well have to wait & see. The statement in the update seems pretty unambigous in indicating they have reverted back to the previous way of repaying & relaunching. If they follow their new procedure of 24hrs notice of a 6pm launch then most of us should get a chance to grab part of the new loan I would expect/hope.
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