SteveT
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Post by SteveT on Apr 13, 2017 13:10:43 GMT
I exchanged emails with Andy this morning and his comment on timing was "Early next week. I'm just moving money around now!"
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Post by ablrateandy on Apr 16, 2017 21:15:10 GMT
Hello And apologies @balder . Our delay was due to a new bank account being set up (apparently even Metro take four months now ). I need to move a bit of cash around and WILL update this week with the expectation of making a repayment mid-late week. Andy
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Balder
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Post by Balder on Apr 21, 2017 10:01:11 GMT
Hello And apologies @balder . Our delay was due to a new bank account being set up (apparently even Metro take four months now ). I need to move a bit of cash around and WILL update this week with the expectation of making a repayment mid-late week. Andy Thanks ablrateandy look forward to an update today.
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Balder
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Post by Balder on Apr 24, 2017 9:13:30 GMT
Hello And apologies @balder . Our delay was due to a new bank account being set up (apparently even Metro take four months now ). I need to move a bit of cash around and WILL update this week with the expectation of making a repayment mid-late week. Andy ablrateandy don't you just hate it when expectations are set and not met.
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blender
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Post by blender on Apr 24, 2017 11:10:49 GMT
Expectations disappointed is not so bad. Promises shouted in capitals missed, unacceptable.
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invester
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Post by invester on Apr 26, 2017 8:59:53 GMT
It does seem strange that ABL have gone all FC about this loan.
I don't for a minute think that they are incompetent and would forget, so it is fairly concerning that they would renege on a pledge to do something.
The kind of delays involved makes it look like the borrowers are getting one over on them.
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Post by ablrate on Apr 26, 2017 9:45:12 GMT
Sorry on this. ablrateandy is on this, we have done the bits that we needed to do and now we are sorting out the implementation of the returns. Rest assured we are on it and it will be sorted very shortly.
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Post by Butch Cassidy on Apr 26, 2017 9:58:21 GMT
Rest assured we are on it and it will be sorted very shortly. I rather hope not - I'm much happy with my money sat earning 15% than having to find it a new home
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pom
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Post by pom on Apr 26, 2017 11:53:12 GMT
Rest assured we are on it and it will be sorted very shortly. I rather hope not - I'm much happy with my money sat earning 15% than having to find it a new home Yeah it's rather a double edged sword isn't it?
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Balder
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Post by Balder on May 3, 2017 8:44:37 GMT
Sorry on this. ablrateandy is on this, we have done the bits that we needed to do and now we are sorting out the implementation of the returns. Rest assured we are on it and it will be sorted very shortly. ablrate and another week.
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Post by Butch Cassidy on May 3, 2017 9:04:22 GMT
There is a very simple solution; make this loan tradable on the SM - killing two birds with one stone, allows those agitating for the return of their money an escape route & those who actually want to increase their holding an opportunity to do so.
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Post by ablrate on May 3, 2017 19:05:24 GMT
There is a very simple solution; make this loan tradable on the SM - killing two birds with one stone, allows those agitating for the return of their money an escape route & those who actually want to increase their holding an opportunity to do so. Hi all We are having a meeting tomorrow to organise the payments etc. Will update holders then
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Post by ablrateandy on May 3, 2017 21:12:47 GMT
Hello and apologies from OUtofthebox. We got rather caught in a delay setting up bank accounts. Anyway, lenders have an email and we will be pushing money back to lenders tomorrow.
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jfm
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Post by jfm on May 3, 2017 21:45:56 GMT
Hi Andy ablrateandyCould you expand on your interest logic here? I notice that the annual tax statement did not recognise the later funding tranches as having paid interest to acquire, so does that mean the whole outlay is capital and how would the different tranches fit together. Can you show that the net gain on a full redemption is recognised as interest? No more, no less?
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SteveT
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Post by SteveT on May 4, 2017 5:16:06 GMT
Hi Andy @ablerateandy Could you expand on your interest logic here? I notice that the annual tax statement did not recognise the later funding tranches as having paid interest to acquire, so does that mean the whole outlay is capital and how would the different tranches fit together. Can you show that the net gain on a full redemption is recognised as interest? No more, no less? ablrate has previously commented that the annual tax statement on the website is not yet complete, as it's not offsetting accrued interest purchased against interest paid. This loan in particular is the one that most needs that problem to be fixed!
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