robski
Member of DD Central
Posts: 772
Likes: 462
|
Post by robski on Jan 24, 2020 8:23:55 GMT
Personally I don't feel a big risk on this one, but thats not to say its about time Moneything started getting serious, maybe they are, its not how their comments come across. End date is tomorrow, so I am sure we will get some new promises asap Maybe someone in the family has a off short trust fund or something that can be liquidated, those sorts of promise usually go down well
|
|
averageguy
Member of DD Central
Posts: 1,174
Likes: 855
|
Post by averageguy on Jan 24, 2020 10:45:11 GMT
Personally I don't feel a big risk on this one, but thats not to say its about time Moneything started getting serious, maybe they are, its not how their comments come across. End date is tomorrow, so I am sure we will get some new promises asap Maybe someone in the family has a off short trust fund or something that can be liquidated, those sorts of promise usually go down well ....its a year since they paid any interest with the margin of debt to last known asset value continually being eroded....they got cash from somewhere to fund the listing ..that wont have come cheap....i hope MT draw a line today no matter what promises are made ..those concerns involved with the NEX listing wont have gone unpaid thats for sure....corporate advisors...solicitors et al...not cheap!
|
|
keystone
Member of DD Central
Posts: 714
Likes: 575
|
Post by keystone on Jan 24, 2020 11:32:25 GMT
Personally I don't feel a big risk on this one, but thats not to say its about time Moneything started getting serious, maybe they are, its not how their comments come across. End date is tomorrow, so I am sure we will get some new promises asap Maybe someone in the family has a off short trust fund or something that can be liquidated, those sorts of promise usually go down well ....its a year since they paid any interest with the margin of debt to last known asset value continually being eroded.... they got cash from somewhere to fund the listing ..that wont have come cheap....i hope MT draw a line today no matter what promises are made ..those concerns involved with the NEX listing wont have gone unpaid thats for sure....corporate advisors...solicitors et al...not cheap! I'm pretty sure the £2.6m+ they have from MT lenders would cover any fees.
|
|
mw
Member of DD Central
Posts: 179
Likes: 81
|
Post by mw on Jan 24, 2020 18:27:22 GMT
Update on site to say update on Monday
|
|
averageguy
Member of DD Central
Posts: 1,174
Likes: 855
|
Post by averageguy on Jan 27, 2020 20:09:35 GMT
Update on site to say update on Monday Well..if one is posted tonight one assumes its not because they coughed the Money up...one assumes the delay is either MT deliberating over the next course of action or still waiting for the borrowers to come up with some sort of deal/confirmation there of Shrug
|
|
ptr120
Member of DD Central
Posts: 1,201
Likes: 1,350
|
Post by ptr120 on Jan 27, 2020 20:18:25 GMT
It'll be a long journey back if they've been to put a padlock on the security
|
|
mw
Member of DD Central
Posts: 179
Likes: 81
|
Post by mw on Jan 27, 2020 20:52:33 GMT
Update on website - update tomorrow awaiting further detail.
|
|
averageguy
Member of DD Central
Posts: 1,174
Likes: 855
|
Post by averageguy on Jan 27, 2020 20:57:33 GMT
Update on website - update tomorrow awaiting further detail. Thanks
|
|
ptr120
Member of DD Central
Posts: 1,201
Likes: 1,350
|
Post by ptr120 on Jan 27, 2020 21:27:05 GMT
It doesn't seem to be listed on NEX anymore as a pending transaction. Does anyone know when that disappeared? I wonder if that has been pulled, and we are now looking at another repayment method?
|
|
robski
Member of DD Central
Posts: 772
Likes: 462
|
Post by robski on Jan 27, 2020 21:40:32 GMT
Its active not pending
<link identifying borrower removed (it can be found on another post in DDC for those with access)>
|
|
ptr120
Member of DD Central
Posts: 1,201
Likes: 1,350
|
Post by ptr120 on Jan 27, 2020 21:47:54 GMT
Thank you. Market cap is £0.1M which suggests it has only raised £100k so far - correct? I wonder if that is even enough to pay the outstanding interest? A slightly moot point as the bond can't draw down until the security hs been released (which would require our loan to be repaid).
|
|
robski
Member of DD Central
Posts: 772
Likes: 462
|
Post by robski on Jan 28, 2020 7:16:32 GMT
Thank you. Market cap is £0.1M which suggests it has only raised £100k so far - correct? I wonder if that is even enough to pay the outstanding interest? A slightly moot point as the bond can't draw down until the security hs been released (which would require our loan to be repaid). Yep thats all thats been raised and suspect thats the directors themselves, getting the minimum in place to allow the listing
|
|
averageguy
Member of DD Central
Posts: 1,174
Likes: 855
|
Post by averageguy on Jan 28, 2020 11:44:56 GMT
Thank you. Market cap is £0.1M which suggests it has only raised £100k so far - correct? I wonder if that is even enough to pay the outstanding interest? A slightly moot point as the bond can't draw down until the security hs been released (which would require our loan to be repaid). Yep thats all thats been raised and suspect thats the directors themselves, getting the minimum in place to allow the listing Ye and we lent them the money (currently interest free) to do it
|
|
averageguy
Member of DD Central
Posts: 1,174
Likes: 855
|
Post by averageguy on Jan 28, 2020 20:41:09 GMT
Taps table and whistles whilst patiently waiting for expected update
|
|
ptr120
Member of DD Central
Posts: 1,201
Likes: 1,350
|
Post by ptr120 on Jan 28, 2020 23:21:32 GMT
MoneyThing you may be waiting for an update but so are we investors who have lent our capital. You have promised an update today (after postponing it since yesterday). There are 40 minutes of 'today' left. Will you honour your undertaking?
|
|