#323

I think this is a good question, which should more appropriately be posed to Assetz on the Q&A for this loan. Btw (this perhaps also of interest to andrewholgate) I happened to be on this loan’s Q&A on 2nd Sep & noticed a question by another lender to Assetz (asking why the – considered highly relevant - information had not been presented to lenders before Jack C asked it) was summarily deleted by Assetz. It was posted at 18.39.

Assetz have been good in the past (as they should be) asking challenging questions, signs of these standards slipping recently with some heavy hands running the Q&A…

Censorship (particularly when relevant & unnecessary) is not a good thing, makes you wonder if there's anything else behind the bushes…

You’ve misunderstood (or been misinformed) Andrew. The question deleted on this loan was not posted by me but someone else (cactusroger I believe). IIRC it simply asked why the q’s raised by an earlier lender had not been disclosed. Given these questions highlighted a quite massive fall (or even eligibility) in the project’s FIT income (throwing into question the WT’s viability), lack of disclosure was/is not a small matter. I think the information should have been included (& clearly highlighted) in the CR. Any comments your side?

In the interests of transparency it would be helpful if cactus’ deleted question could be posted here (& answered by AC) so lenders can make their own judgements. chris, presumably you have a record of all deleted questions?

Perhaps useful to know who at AC can delete q’s on Q&A. If it is only 1 person that might be good (in terms of their accountability to you), but on renewable loans like this (which require some specialist knowledge) it may be that the person involved didn’t understand the serious implications at hand. In which case perhaps you should have someone super partes suitably trained in things green they can refer to when needed?

Related question: if people involved in bringing the loan onto the platform (eg RSM or introducer) are able to delete questions that would be poor practice imo - people who stand to benefit from fees or bonuses etc earnt should not be in a position of governance over the Q&A. Does/can this happen on AC? Who deleted this particular question?

Andrew you are inviting lenders to direct q’s to you directly. Whilst laudable, if as AC grows you are less aware of the exact standing of every loan in your loan book & listen a little too much to internal voices (& a little too little! to lenders), that process is likely to be less effective than you might think. Food for thought?

Sidenote: I presume (if you are being told everything by your Q&A team) you are aware that a wind turbine in your (& GEIA’s) portfolio seems to have gone missing?

The above was posted by me, but for some unknown reason I have a different username there.  I think it was created a few weeks back when I had difficulties logging in.  But I thought I had deleted it.