r1200gs
Member of DD Central
Posts: 1,336 
Likes: 1,883
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Post by r1200gs on Aug 12, 2019 10:09:19 GMT
New to this forum as a poster but been following it for several months. I have a healthy four figure sum 'invested' across the Porsche, BMW and Panoz and was bracing myself for a ~60-70% recovery but not sure where this latest revelation leaves us (probable c. 100% capital loss I fear). Also annoyed by the fact that MT seem to have clearly listed <borrower name redacted by mod> in each loan to clearly denote they were all to the same borrower. Alas, I foolishly believed FS would have done the same and so I was diversified given the fact that FS has at times mentioned that multiple loans are to the same borrower. Agree with others here - FS never include this sort of detail in their updates and they also tend to be littered with typos which doesn't really inspire confidence. This seems to only be a copy/paste of the Moneything update and not something they would've posted themselves. It's a derailed update because MT did a detailed update. Indeed, some appears to be cut and paste. I know what I think the update would have looked like if MT were not involved.
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arby
Member of DD Central
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Likes: 959
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Post by arby on Aug 12, 2019 10:11:11 GMT
New to this forum as a poster but been following it for several months. I have a healthy four figure sum 'invested' across the Porsche, BMW and Panoz and was bracing myself for a ~60-70% recovery but not sure where this latest revelation leaves us (probable c. 100% capital loss I fear). Also annoyed by the fact that MT seem to have clearly listed <borrower name redacted by mod> in each loan to clearly denote they were all to the same borrower. Alas, I foolishly believed FS would have done the same and so I was diversified given the fact that FS has at times mentioned that multiple loans are to the same borrower. Agree with others here - FS never include this sort of detail in their updates and they also tend to be littered with typos which doesn't really inspire confidence. This seems to only be a copy/paste of the Moneything update and not something they would've posted themselves. It's a derailed update because MT did a detailed update. Indeed, some appears to be cut and paste. I know what I think the update would have looked like if MT were not involved. could almost be said you have '2020' vision 
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thedog
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Post by thedog on Aug 17, 2019 12:35:39 GMT
It's a derailed update because MT did a detailed update. Indeed, some appears to be cut and paste. I know what I think the update would have looked like if MT were not involved. could almost be said you have '2020' vision It is good to get a detailed update but from the style and content my guess would be that this is a form of words for joint posting agreed between FS/MT on the one hand and the Administrators (and their legal advisors) on the other. The Administrators will know the platforms need to give an update summarising the formal "Administrator's Proposals" but they all (Administrators and platforms) will be nervous of the potential legal and commercial consequences that could have if poorly drafted, given that there are serious allegations of fraud and criminality and the probability of speculation on discussion boards (like I'm doing now......)
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