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Post by Deleted on Aug 3, 2016 7:54:14 GMT
Two snipets that I don't think have been mentioned thus far on this thread in relation to the security and its tenants: a) there was a fair bit of favourable local press coverage at the time I** moved in which explains what the building is used for b) it appears the non-I** part of the building is currently being advertised for rent at £10 per square foot (either ground or first floors or both together) both can be further researched by googling I** and the name of the building. Well, I also add that the big I-named software company sitting in that nice park in Somerset is also advertising some decent IT security jobs at that very precise location. So, it looks to me they are not going either to dismantel or move from the premises anytime soon. So at very least that is an income stream which looks reasonably stable for our borrower.
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Post by Deleted on Aug 3, 2016 8:25:37 GMT
Maybe time for a pink sub-forum like AC. Not being an AC investor, I have no experience of that locked forum, but I see you are allowed to name an AC borrower. > How does the investor prove they are AC investor? > Is linking to outside & sources articles allowed? They AC, need to approve you.
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Post by Deleted on Aug 3, 2016 8:28:53 GMT
SS does not lend SS's money, it lends mine, if there is information in the public domain that indicates to me that it would be unwise to lend my money to them, then i would like to know. I do not wish to spend my precious time trying to decode subtle posted innuendo's. No SS does not lend your money, you do. One of the key purposes of these threads is to highlight a problem. If a loan appears on these pages in any depth, run for the hills
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dovap
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Post by dovap on Aug 3, 2016 8:56:06 GMT
Two snipets that I don't think have been mentioned thus far on this thread in relation to the security and its tenants: a) there was a fair bit of favourable local press coverage at the time I** moved in which explains what the building is used for b) it appears the non-I** part of the building is currently being advertised for rent at £10 per square foot (either ground or first floors or both together) both can be further researched by googling I** and the name of the building. Well, I also add that the big I-named software company sitting in that nice park in Somerset is also advertising some decent IT security jobs at that very precise location. So, it looks to me they are not going either to dismantel or move from the premises anytime soon. So at very least that is an income stream which looks reasonably stable for our borrower. they should let their agency know 'Found 0 jobs within Hi*****ge, Somerset' nor on their own site - but it's an utterly terrible website as befits perhaps they need to work on their advertising or maybe that's the first test for the position - cunning
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goopy
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Post by goopy on Aug 3, 2016 9:07:48 GMT
SS does not lend SS's money, it lends mine, if there is information in the public domain that indicates to me that it would be unwise to lend my money to them, then i would like to know. I do not wish to spend my precious time trying to decode subtle posted innuendo's. No SS does not lend your money, you do. One of the key purposes of these threads is to highlight a problem. If a loan appears on these pages in any depth, run for the hills This is true but people on this forum could still be unaware of the dubious character of the persons SS/they are lending to, a link to publicly available information posted on this forum would leave no doubt as to what a nasty piece of work this person is. Also if it is found that SS knew about this persons past before the loan was made it brings into question the ethicality of the whole platform and I for one would have to decide whether my conscience would allow me to continue investing with SS...... I would think not.
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Post by Deleted on Aug 3, 2016 10:24:19 GMT
Well, I also add that the big I-named software company sitting in that nice park in Somerset is also advertising some decent IT security jobs at that very precise location. So, it looks to me they are not going either to dismantel or move from the premises anytime soon. So at very least that is an income stream which looks reasonably stable for our borrower. they should let their agency know 'Found 0 jobs within Hi*****ge, Somerset' nor on their own site - but it's an utterly terrible website as befits perhaps they need to work on their advertising or maybe that's the first test for the position - cunning As very deeply discussed in previous pages (please let's not go back in loops) this I-named IT company works via contracting agents, so they are advertising the positions, which anyway appear openly and publicly very easily in reputable job sites with the I** name in the heading of the position and clearly indicated the place.
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Post by chielamangus on Aug 3, 2016 10:26:30 GMT
SS does not lend SS's money, it lends mine, if there is information in the public domain that indicates to me that it would be unwise to lend my money to them, then i would like to know. I do not wish to spend my precious time trying to decode subtle posted innuendo's. Then go and find it. All the info you need is available on the SS site. That's all the rest of us are doing ... Googling with obvious search terms. Dont rely on us obsessives, you might find something CDs missed - then you can post your own subtle innuendo to taunt him :-) This is not a helpful comment by ilmoro. Not everyone has time to do research in depth, nor is it worthwhile for the small investor with only a few quid in the game (but those few quid might be a lot to the small investor). But if one puts in 5 figure sums then spending quite a bit of time on due diligence pays off. Or might pay off. Nobody raised the character and history of the owner(s) of this asset before on this forum, did they? I appreciate what most people contribute on this forum (even when not agreeing with them) - it's part of the public information database, and it can save many people a lot of time (and sometimes money). As a public good, the information should be as complete as possible. I also find it very irritating that one cannot call a spade a spade and refer to people by name and facts associated with them.
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Post by Deleted on Aug 3, 2016 11:07:16 GMT
Then go and find it. All the info you need is available on the SS site. That's all the rest of us are doing ... Googling with obvious search terms. Dont rely on us obsessives, you might find something CDs missed - then you can post your own subtle innuendo to taunt him :-) This is not a helpful comment by ilmoro . Not everyone has time to do research in depth, nor is it worthwhile for the small investor with only a few quid in the game (but those few quid might be a lot to the small investor). But if one puts in 5 figure sums then spending quite a bit of time on due diligence pays off. Or might pay off. Nobody raised the character and history of the owner(s) of this asset before on this forum, did they? I appreciate what most people contribute on this forum (even when not agreeing with them) - it's part of the public information database, and it can save many people a lot of time (and sometimes money). As a public good, the information should be as complete as possible. I also find it very irritating that one cannot call a spade a spade and refer to people by name and facts associated with them. This is an answer applicable to every single thread an not specific to this: a) consider you are a guest here. Somebody pays the bill (domain registration, hosting if necessary etc). But most of all somebody is putting out its face and risks on his own (perhaps not even linked to SS Investments at all...). If a forum (which is a publicly accessible PRIVATE SPACE) establishes some rules, it means it is necessary to respect them in order to protect those who invested their time, name and money. (even if the chances of any legal action are low, we must respect the wish of the owner to remain safe). b) if you don't like this space, you can well create your own forum with your rules. A lot of IT companies will set you up for a relatively small sum, but of course in that case YOU will risk with YOUR name and will be required REAL documents to open it up. If you find this 'irritating' than you should be grateful that a space exists already and you don't have to create it from scratch and your should be grateful to those putting content in it and to those moderating it according to predefined rules to protect everyone.
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dovap
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Post by dovap on Aug 3, 2016 11:32:12 GMT
As very deeply discussed in previous pages (please let's not go back in loops) this I-named IT company works via contracting agents, so they are advertising the positions, which anyway appear openly and publicly very easily in reputable job sites with the I** name in the heading of the position and clearly indicated the place. oh no problem with the agency aspect it was more so the 'very easily' found opportunities to work at the soon to be sold location. (sadly even on the agency site renting the highly priced office & workshop) Jobs in Bristol and Street yep but didn't have much luck with this location guess a role at this industrial estate just isn't for me - ah well
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boble
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Post by boble on Aug 3, 2016 20:11:39 GMT
ARE YOU EXPOSED TO A LOSS IN THIS LOAN? To assist you in assessing this i have set out a fictitious scenario below: True/sales value achieved: £1,435,000 (50% of valuation) If your exposure is proportionately more than 0.5% of the valuation, then you will incur a capital loss. If your exposure is proportionately less than 0.5% of the valuation, then you won't incur a loss. The critical number in this fictitious scenario is £14,350. You may infinitely adjust the true/sales value achieved figure in accordance with you own assessment of value. I suggest that the figure I have used is worst case. One could use such a calculation as a reason to invest in this loan. Please note that this is not advice. Think this needs more explanation if it is to assist anyone. There is more than one way that a capital loss in a loan can be allocated and so I have asked SS to confirm the method they would use. Not reply as yet.
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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 Aug 3, 2016 22:38:12 GMT
Think this needs more explanation if it is to assist anyone. There is more than one way that a capital loss in a loan can be allocated and so I have asked SS to confirm the method they would use. Not reply as yet. Is this not covered by the T&Cs new ' and any proceeds of recovery become available (after allowing for all of Saving Stream Security Holding and/or Saving Stream’s costs of enforcement), it is possible that the available proceeds will not be sufficient to discharge all obligations owed by the borrower at that time to lenders on the Saving Stream platform. If that is the case, then the lenders shall only be entitled to recover their proportionate share of such recoveries.' old 'principal amount of loan which was funded by, and is repayable to the Investors (allocated in proportion to the loan amounts funded);'
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Post by dualinvestor on Aug 4, 2016 7:16:45 GMT
It would seem to me that the old and new terms have the same practical effect, the operative word in the old terms being proportions and in the new one proportionate.
However in this case the talk of default is entirely theoretical, the loan is not repayable for another two months and no ordinary poster is privvy to any discussion the debtor is having with either a) a potential new lender, b) a potential buyer, c) SS/Lendy about an extension d) anyone else, or a combination of one or more of those.
In the way of things the greater the publicity surrounding the loan/debtor it is likely to make any negotiations more difficult. Furthermore most of those invested in this loan are tied in anyway (because the SM is likely to be "difficult" in it and further discussion will make it more so), so however bad the debtor may be and the "lenders remorse" people have, discussing it months before it can even go into default is unlikely to help in the ultimate objective of being repaid in full.
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Jeepers
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Post by Jeepers on Aug 4, 2016 7:28:24 GMT
Maybe the whole SS forum on here should be for investors only to see. Not only could we share information more easily without worrying about identifying the borrower but it would stop other lenders hearing the bad publicity which would help with refinancing and getting our money back.
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spiral
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Post by spiral on Aug 4, 2016 7:59:44 GMT
Maybe the whole SS forum on here should be for investors only to see. Not only could we share information more easily without worrying about identifying the borrower but it would stop other lenders hearing the bad publicity which would help with refinancing and getting our money back. The problem with that is that it only needs a small investment (maybe even only an account opened) with SS to get that aforementioned access so not much of a barrier if you really wanted to view it.
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Post by dodgeydave on Aug 4, 2016 8:11:58 GMT
Then go and find it. All the info you need is available on the SS site. That's all the rest of us are doing ... Googling with obvious search terms. Dont rely on us obsessives, you might find something CDs missed - then you can post your own subtle innuendo to taunt him :-) This is not a helpful comment by ilmoro . Not everyone has time to do research in depth, nor is it worthwhile for the small investor with only a few quid in the game (but those few quid might be a lot to the small investor). But if one puts in 5 figure sums then spending quite a bit of time on due diligence pays off. Or might pay off. Nobody raised the character and history of the owner(s) of this asset before on this forum, did they? I appreciate what most people contribute on this forum (even when not agreeing with them) - it's part of the public information database, and it can save many people a lot of time (and sometimes money). As a public good, the information should be as complete as possible. I also find it very irritating that one cannot call a spade a spade and refer to people by name and facts associated with them. Though i agree that not everyone has the time. Even a small investor should do a little bit of searching. I assume people are small invstors for various reasons . One being they dont want to lose more than there 20 pound or so. But a lose is a lose whether it be 20 or 100,000 pounds. Also agree with your comment about calling a spade a spade. It was intresting that the times journalists could publish on twitter a link to the newspaper articile. But we cannot. Mods need to take a chill pill
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