unmadem
Member of DD Central
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Post by unmadem on Oct 9, 2014 12:48:13 GMT
from Q&A this morning 9/10/14
Great if it happens but how very curious given last update of sale falling through !
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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 Oct 9, 2014 13:15:34 GMT
Stop laughing at the back there! Havent you ever seen a flying pig before?  Fastest IPO ever maybe? Does beg belief that this will repaid that fast after all the delays. Does show that a more robust approach may produce the desired result. Lessons? |
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Post by davidricketts1 on Oct 9, 2014 13:27:54 GMT
Dear All
I've just got back off the floor... And have put the following up on the website:
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Post by Ton ⓉⓞⓃ on Oct 9, 2014 13:45:37 GMT
Dear All
I've just got back off the floor... And have put the following up on the website:
Now I understand your expression
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mikes1531
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Post by mikes1531 on Oct 9, 2014 14:45:06 GMT
Fastest IPO ever maybe? Does beg belief that this will repaid that fast after all the delays. Does show that a more robust approach may produce the desired result. Lessons? My guess it that when the proposed sale fell through, and the borrower realised that they were facing months of 24% interest, they hastily arranged substitute financing.
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Post by batchoy on Oct 9, 2014 14:52:42 GMT
Fastest IPO ever maybe? Does beg belief that this will repaid that fast after all the delays. Does show that a more robust approach may produce the desired result. Lessons? My guess it that when the proposed sale fell through, and the borrower realised that they were facing months of 24% interest, they hastily arranged substitute financing. Either that or they themselves have pushed a little harder and some or all of the the £1.2M has been paid
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Post by Ton ⓉⓞⓃ on Oct 9, 2014 14:59:41 GMT
My guess it that when the proposed sale fell through, and the borrower realised that they were facing months of 24% interest, they hastily arranged substitute financing. Either that or they themselves have pushed a little harder and some or all of the the £1.2M has been paid Perhaps he remembered where that £1.5m was; down the back of the sofa.
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mikes1531
Member of DD Central
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Post by mikes1531 on Oct 9, 2014 15:35:28 GMT
Either that or they themselves have pushed a little harder and some or all of the the £1.2M has been paid Perhaps he remembered where that £1.5m was; down the back of the sofa. He only needed to find half of that to settle ACs £0.6M loan.
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oldgrumpy
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Post by oldgrumpy on Oct 9, 2014 15:37:53 GMT
More like the time honoured business mantra, "don't pay for anything until you have to".  |
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jonno
Member of DD Central
nil satis nisi optimum
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Post by jonno on Oct 9, 2014 15:38:52 GMT
No,the rest is to settle the default interest!
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Post by Ton ⓉⓞⓃ on Oct 9, 2014 15:47:53 GMT
Has the loan now been delisted?
Is it now untradeable?
I hope there's a little Green or Red LED light on the new site to tell you if open for trading or no.
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mikes1531
Member of DD Central
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Post by mikes1531 on Oct 9, 2014 16:09:25 GMT
Has the loan now been delisted? Is it now untradeable? I hope there's a little Green or Red LED light on the new site to tell you if open for trading or no. The yellow box at the top of the loan's page that used to warn about the change in the credit position now says... And that's why the loan has disappeared from the list of loans with units to sell.
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Post by davidricketts1 on Oct 9, 2014 16:18:16 GMT
Dear All
I've just put a further update up:
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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 Oct 9, 2014 16:36:27 GMT
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j
Member of DD Central
Penguins are very misunderstood!
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Post by j on Oct 9, 2014 21:05:08 GMT
Monies for this loan seem to have been repaid this evening!
That letter did have an effect after all. Can we send out some more please, especially on the defaulting BLs? Amazing how money materialises when threatened with legal action. I think AC should have used the same tactic for loans that never delay draw down & then get alternative refinancing. Alas, we'll never know since changes will come into effect next week
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