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Post by chielamangus on Mar 3, 2014 13:39:19 GMT
Chips & Fish: I think I must be missing something because NONE of the questions on the projected cash flow and profitability of the new shop have been even remotely answered satisfactorily.
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unmadem
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Post by unmadem on Mar 3, 2014 13:49:02 GMT
Chips & Fish: I think I must be missing something because NONE of the questions on the projected cash flow and profitability of the new shop have been even remotely answered satisfactorily. I only meant that whereas a few of them had absolutely no answer there is some text there to peruse now. Whether the questions are answered satisfactorily is a totally different matter.
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bugs4me
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Post by bugs4me on Mar 3, 2014 15:28:36 GMT
Chips & Fish: I think I must be missing something because NONE of the questions on the projected cash flow and profitability of the new shop have been even remotely answered satisfactorily. If you believe the question(s) have not been answered to your satisfaction then ask for clarification. If no answer is forthcoming or you feel it is evasive in a way that makes you feel uncomfortable then walk away - that's what I do.
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j
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Post by j on Mar 5, 2014 9:19:37 GMT
Anybody else notice the quiet removal of the builder auction that was scheduled to start around 10th March?! I wonder if that's dead in the water now?!
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Post by westcountryfunder on Mar 5, 2014 10:09:49 GMT
Anybody else notice the quiet removal of the builder auction that was scheduled to start around 10th March?! I wonder if that's dead in the water now?! Yeah, I noticed. Shopping around elsewhere, I expect!
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oldgrumpy
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Post by oldgrumpy on Mar 5, 2014 10:14:34 GMT
...or AC, while doing DD, found something nasty lurking in the cupboard...  |
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j
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Penguins are very misunderstood!
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Post by j on Mar 5, 2014 10:18:58 GMT
...or AC, while doing DD, found something nasty lurking in the cupboard... If that is the reason, rather than shopping around, it would be nice of AC to let us know. I would view it as positive PR as it demonstrates that they do proper DD & are not averse to declining a loan if it is suspect.
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oldgrumpy
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Post by oldgrumpy on Mar 5, 2014 10:21:52 GMT
Hang about a bit.... it's only been gone a short while, and that may well be in the pipeline... give 'em a chance.
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j
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Penguins are very misunderstood!
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Post by j on Mar 5, 2014 10:40:44 GMT
Hang about a bit.... it's only been gone a short while, and that may well be in the pipeline... give 'em a chance. OK! I shall calm down & have a banana....or two! 
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mikes1531
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Post by mikes1531 on Mar 5, 2014 16:37:57 GMT
The fish & chip shop proposal also needs an update. It closed earlier today with funding at 37% and no sign of underwriters. Lenders who have put in bids on this loan need to know whether it's going to proceed with the benefit of underwriting or whether it's about to disappear and their money is about to be returned.
Do AC have a policy on how they handle situations like this? How long could this loan and the participating lenders be kept in limbo?
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j
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Penguins are very misunderstood!
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Post by j on Mar 5, 2014 16:48:17 GMT
The fish & chip shop proposal also needs an update. It closed earlier today with funding at 37% and no sign of underwriters. Lenders who have put in bids on this loan need to know whether it's going to proceed with the benefit of underwriting or whether it's about to disappear and their money is about to be returned. Do AC have a policy on how they handle situations like this? How long could this loan and the participating lenders be kept in limbo? One gets the impression this might go the same way of the Yorkie one to an extent. Maybe no reduction in total loan value but, underwriting appearing after auction close. Wait & see what happens
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oldgrumpy
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Post by oldgrumpy on Mar 5, 2014 17:47:55 GMT
Not a lot, it seems. I have referred several times since October to my concerns about loans in a certain "category" (mustn't elaborate - might get in trouble...again) and that I would not be (investing)* in these until drawdown was imminent, or on the aftermarket. This is another. I escaped this time thanks to my shadow.  * correction, I meant "stumping up the cash" - I don't mind actually investing in these projects, but they seem to mess each other about a lot in matters of finance and barter etc and this doesn't sit comfortably with our system of doing business. It looks like Mr Dogan has really been let down. PS Yorky is not in this "category"  |
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Post by chielamangus on Mar 5, 2014 19:24:18 GMT
Chips & Fish: I think I must be missing something because NONE of the questions on the projected cash flow and profitability of the new shop have been even remotely answered satisfactorily. If you believe the question(s) have not been answered to your satisfaction then ask for clarification. If no answer is forthcoming or you feel it is evasive in a way that makes you feel uncomfortable then walk away - that's what I do. I walked away from this a long time ago. I could have said that the questions could not be answered satisfactorily in a month of Sundays, but I am not saying this because the censors are so sensitive in this forum. But .... verb.sap. - a nod is as good as a wink to the cognoscenti here.
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Post by Ton ⓉⓞⓃ on Mar 5, 2014 19:31:27 GMT
I might've put a very small amount in (£20) if the repayments would have started in the next tax year.
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andy2001
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Post by andy2001 on Mar 5, 2014 20:38:49 GMT
One of the Bridging loans has drawn down. Not yet on the aftermarket.
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