(MTAV714) Residential Development in Liverpool DEFAULT (MT)

Average guy, I hope you are right, and this time the borrowers promises to pay come true.  I have a very vested interest in you being right.

I just think that if this situation, and the others MT are 'managing' as they wind down, works out favourably, it will be despite MT's feeble efforts and not because of them.

BTW thank you for explaining why you see current events as favourable.  I thought the same thing the first time I read MT's 'conditions', the ones that expired early this week.

If anyone wants to be depressed go back through the updates and see the promises, the actions proposed and what has actually been achieved since interest stopped being paid.  For that I most certainly blame MT.

I would be interested to know how much the borrower is selling it on for.

If there was always plenty of head room above the £2.5m borrowed, then surely Moneything has always been in a strong position to default it & sell at auction. 

Lenders come first.

If the money is there, go for the borrowers jugular, especially after the way they have treated us lenders; if they lose money I will not lose any sleep over it.

Looks at a quick glance that interest has been paid at 14% and not the 17% current rate. Has anybody got a different view?

Obviously my mental ability is declining, I had to reach for the calculator to check. You are right.

I think I hear the faint sound of the can being withdrawn from the cupboard and readied for its customary boot down the road called "No cash today, maybe tomorrow BB - and that's a story everybody knows"