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Post by Badly Drawn Stickman on Sept 20, 2019 19:48:10 GMT
Seems like a compromise position is on the books on this one.
Others may have more radical views on the update.
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badersleg
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Post by badersleg on Sept 20, 2019 19:48:52 GMT
Update on site.
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hazellend
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Post by hazellend on Sept 20, 2019 20:01:33 GMT
Buyer has agreed that interest will be brought up to date Monday... we shall see, if not then looks like a bad ending in sight.
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Post by brianac on Sept 20, 2019 20:05:16 GMT
The Parrot analogy looks (unfortunatley) accurate.
:-(
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cwah
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Post by cwah on Sept 20, 2019 20:06:37 GMT
good thing I sold it all when I could
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Post by brianac on Sept 20, 2019 20:15:32 GMT
"it appears that they have been playing for time to be able to raise the necessary funding."
No kidding!
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Post by notascooby on Sept 20, 2019 20:31:23 GMT
"... And who knows. The horse might learn to sing." Niven & Pournelle
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Post by Badly Drawn Stickman on Sept 20, 2019 21:51:41 GMT
"... And who knows. The horse might learn to sing." Niven & Pournelle Only singing the blues on this one.
Taking on the role of positive thinker on this one (beyond doubt helped by the fact I now only have a very small exposure to it, and suspect I am already 'up' on this loan) If the interest payments are brought up to date next week, the SM should be reactivated and those wishing to exit have a good chance. The loan would have reached a position where completion will happen eventually and their would be buyers. A far better position than currently I would suggest. I also have a negative version if there is demand for it.
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upperdeane
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Post by upperdeane on Sept 20, 2019 21:59:09 GMT
I've just read the MT update. No surprise there... absolute load of BS has been given to MT recently. It sounds semi promising, but I will be very surprised if any interest is forthcoming on Monday. Hopefully I'm wrong.
Have a good weekend and lets get back to this heap of sh*t next week.
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Post by quidsaveblue2003 on Sept 20, 2019 22:02:16 GMT
my questions
1-why the buyer plays with the completion date for a long time if he has no ways to get the funds? he should know he needs another lie immediately on the following day.
2-how could his solicitor cooperate with his lies all the time?
3-this loan is overdue for 4 months(june/july/aug/sep). if I'm right, he needs to pay over £140k interests on monday(let me know if my calculation is wrong.) is this feasible for him?
it seems this buyer is too easy to say yes, I really doubt if he could bring the interests up to date just in 2 days. if he could, he already did this long time ago, no needs to keep lying.
therefore, although MT mentioned the buyer agrees to bring the interests up to date on monday. but it seems just another try from this desperate buyer who wants to survive 2 days more.
it brings me the memory that MT ever pleased to inform lenders that newcastle loan borrower agreed to pay 2% more interests long time ago.
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upperdeane
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Post by upperdeane on Sept 20, 2019 23:17:58 GMT
my questions 1-why the buyer plays with the completion date for a long time if he has no ways to get the funds? he should know he needs another lie immediately on the following day. 2-how could his solicitor cooperate with his lies all the time? 3-this loan is overdue for 4 months(june/july/aug/sep). if I'm right, he needs to pay over £140k interests on monday(let me know if my calculation is wrong.) is this feasible for him? it seems this buyer is too easy to say yes, I really doubt if he could bring the interests up to date just in 2 days. if he could, he already did this long time ago, no needs to keep lying. therefore, although MT mentioned the buyer agrees to bring the interests up to date on monday. but it seems just another try from this desperate buyer who wants to survive 2 days more. it brings me the memory that MT ever pleased to inform lenders that newcastle loan borrower agreed to pay 2% more interests long time ago. Indeed. Its amazing the BS the buyer and his solicitor seems to have given. I don't really understand how this is possible as the various solicitors I've dealt with over the years have operated on verified facts rather than the fiction/lies which seems to be the case here. Agreed, to bring the interest upto date on Monday will be a significant financial undertaking, which is why ill be amazed if it happens on Monday. I hope it does as it will give us all some confidence regarding the potential purchase. But I'm not holding my breath on this one. If this actually completes this month I'll be surprised.
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Post by brianac on Sept 21, 2019 4:58:00 GMT
Being blunt, if we ever see any return on this one I shall be surprised.  Brian |
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Post by Duane Dibley on Sept 21, 2019 7:24:55 GMT
I've just read the MT update. No surprise there... absolute load of BS has been given to MT recently. It sounds semi promising, but I will be very surprised if any interest is forthcoming on Monday. Hopefully I'm wrong. Have a good weekend and lets get back to this heap of sh*t next week. We know it's BS, they know it's BS and I suspect they know that we know it's BS, but they'll continue to feed it to us while ever MT, if not believing it, are still accepting it and repackaging it to us in nice round pats.
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hazellend
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Post by hazellend on Sept 21, 2019 7:53:10 GMT
I've just read the MT update. No surprise there... absolute load of BS has been given to MT recently. It sounds semi promising, but I will be very surprised if any interest is forthcoming on Monday. Hopefully I'm wrong. Have a good weekend and lets get back to this heap of sh*t next week. We know it's BS, they know it's BS and I suspect they know that we know it's BS, but they'll continue to feed it to us while ever MT, if not believing it, are still accepting it and repackaging it to us in nice round pats. If interest is paid on Monday, it’s not BS. If interest is not paid, it’s BS
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Post by Badly Drawn Stickman on Sept 21, 2019 8:10:45 GMT
We know it's BS, they know it's BS and I suspect they know that we know it's BS, but they'll continue to feed it to us while ever MT, if not believing it, are still accepting it and repackaging it to us in nice round pats. If interest is paid on Monday, it’s not BS. If interest is not paid, it’s BS Not easy to raise funds over a weekend I would suggest, reasonable timescale would be Wednesday before feeding the rhubarb.
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