rgog
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Post by rgog on Mar 25, 2018 11:53:18 GMT
Basically, the two directors are making a very good job of concealing whatever assets they own, if they actually do. Even Charley and Piggy couldn't find anything. Of course, some directors are very resourceful. Perhaps when a platform takes a loan especially where any guarantee is involved they should require documentary evidence of the assets purportedly owned and supporting it?
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mikes1531
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Post by mikes1531 on Mar 27, 2018 18:26:23 GMT
Perhaps when a platform takes a loan especially where any guarantee is involved they should require documentary evidence of the assets purportedly owned and supporting it? That might give a bit of comfort, but it could be misplaced. When things start to go pear-shaped, guarantors' assets have a tendency to disappear in a hurry.
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Post by brightspark on Mar 27, 2018 19:15:56 GMT
Investors me included have to write off their losses and move on. There is no real alternative. The rest of the money is lost. It sucks. FS has lost my goodwill and further business.
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macro
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Post by macro on Mar 27, 2018 20:35:14 GMT
I'm away to pick my scabs  |
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bugs4me
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Post by bugs4me on Mar 27, 2018 21:46:03 GMT
Perhaps when a platform takes a loan especially where any guarantee is involved they should require documentary evidence of the assets purportedly owned and supporting it? I wish it was that simple but assets do have a convenient habit of disappearing. Hence most investors feel PG's are simply not worth considering including myself.
Old ground - discussed at length but the loan was (like many) far too hands off - zero platform monitoring, questionable asset, no borrower commitment. All in all we were dealt a dud and FS were (again) asleep on the job. So any chance of further repayments is zilch.
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Post by jakebullet on Jun 12, 2018 14:57:40 GMT
There's a new update. I don't think I'm breaking confidentiality by saying we're getting nowt.
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Post by carol167 on Jun 12, 2018 17:39:24 GMT
So how much is FS going to compensate us for their incompetence on this one ?? because they certainly should. Totally mishandled.
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adrian77
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Post by adrian77 on Jun 12, 2018 17:59:53 GMT
totally agree - although we ain't seen nothing yet!
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mariner
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Post by mariner on Jun 12, 2018 18:31:53 GMT
Not a chance of getting anything
Small extract from the confidential report (sic)
"placed by prior jusdgments"
As stated by many, if FS cannot even get their grammar correct, what hope have we when they are dealing in millions of pounds of our money?
Probably not aware there are such things available as spellcheckers, too busy churning out loans
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bugs4me
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Post by bugs4me on Jun 13, 2018 8:54:42 GMT
A - So how much is FS going to compensate us for their incompetence on this one ?? B - because they certainly should. C - Totally mishandled.
My Bold
A = Zero
B = It's not in their DNA
C = Agreed - they were rolled over. Sorry investors were rolled over
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btc
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Post by btc on Jul 18, 2018 11:33:03 GMT
A further (small) amount has been recovered and will be distributed shortly. A further update will be sent directly;y to investors when the administrators provide the next formal update which is due in August.
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SteveT
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Post by SteveT on Jul 18, 2018 11:41:31 GMT
A further 1.5% recovery repaid today.
Oddly, it's simply been paid as "Credit to your account - Reference: Additional recovery loan ID 6742133163" and not as a recovery payment linked to the loan itself, so it currently isn't captured in the Tax Statement.
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Post by brightspark on Jul 18, 2018 19:56:50 GMT
I wondered where that bit of dosh had come from. I withdrew it straight away into my bank account along with a tiny bit from the Llandudno loan which has also paid me a smidgen.
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Post by mrclondon on Apr 6, 2019 16:23:52 GMT
A further 1.5% recovery repaid today. Oddly, it's simply been paid as "Credit to your account - Reference: Additional recovery loan ID 6742133163" and not as a recovery payment linked to the loan itself, so it currently isn't captured in the Tax Statement. fundingsecure - this issue was never resolved last summer, the tax statements are still omitting the 2018-19 recovery on this loan.
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