squid
Member of DD Central
Posts: 141
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Post by squid on Jan 29, 2020 0:02:15 GMT
Evidently not.
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cedarcourtcapital
Member of DD Central
Listening is not the same as understanding
Posts: 190
Likes: 316
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Post by cedarcourtcapital on Jan 29, 2020 11:33:42 GMT
Firm and decisive action, well at least action, this has dragged on long enough.... I give it a 50% chance of a successful payback before the merde hits the oscillating cooling device.
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coop
Member of DD Central
Posts: 714
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Post by coop on Jan 29, 2020 11:44:30 GMT
Bond issue not exactly flying off the shelves is it??
IT could just take time to fill I guess but starting to feel uneasy about this one all over again after thinking we were nearly at the finishing line...
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squid
Member of DD Central
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Post by squid on Jan 29, 2020 11:59:20 GMT
Update on site..
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robski
Member of DD Central
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Post by robski on Jan 29, 2020 12:04:26 GMT
Well done MT, I think it was necessary I am sure the borrowers want this to be a success I still think this will come good for us, but I am kind of resigned to this being a recovery as opposed to a simple cash being actually paid when promised At least the security is good, its very hard to make it disappear
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averageguy
Member of DD Central
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Post by averageguy on Jan 29, 2020 12:11:16 GMT
Well done MT, I think it was necessary I am sure the borrowers want this to be a success I still think this will come good for us, but I am kind of resigned to this being a recovery as opposed to a simple cash being actually paid when promised At least the security is good, its very hard to make it disappear Aye and I hope that if total repayment is not made within 14 days they proceed with legal action
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withnell
Member of DD Central
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Post by withnell on Jan 29, 2020 13:21:33 GMT
Total repayment within 14 days is pretty much impossible, unless they have another funding solution on hold - I'd be happy if they did a Liverpool-style arrangement and got the interest paid up to date, in return for an extension on the loan term to enable to bond to be pushed.
It's possibly a case that no investment house wants to be first to go, but when one does the others will follow.
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hazellend
Member of DD Central
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Post by hazellend on Jan 29, 2020 13:41:43 GMT
I like the new “tough” moneything.
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tommo
Member of DD Central
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Post by tommo on Jan 29, 2020 14:10:27 GMT
I'd be happy if they did a Liverpool-style arrangement and got the interest paid up to date, in return for an extension on the loan term to enable to bond to be pushed. A year's worth of interest at this stage. I wouldn't be against that either.
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robski
Member of DD Central
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Post by robski on Jan 29, 2020 14:50:01 GMT
I'd be happy if they did a Liverpool-style arrangement and got the interest paid up to date, in return for an extension on the loan term to enable to bond to be pushed. A year's worth of interest at this stage. I wouldn't be against that either. I cant see how they will do this, they clearly don't have it so clearing the interest backlog isnt going to help them, unless they are certain the bond sales are going to happen I would have some concerns on the contract for the company who are supposed to be letting the cabins by now. This is the sort of thing that could cause DD to fail with investors and they could get further away from making this happen the longer it goes on. We don't get to see the communications obviously, but I dont think any investors who were fully engaged to buy these "bonds" would not have done so by now Promises, indications and the like mean nothing, stop with the words, show me the money
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Post by GSV3MIaC on Jan 29, 2020 15:02:29 GMT
/moderator hat off
I agree,.. After a year of being lied to by amateurs, and a couple of months of being lied to by professionals, aka various advisors and legal eagles, it is time to draw a line, followed by drawing some intestines. Just hope that by some miracle, the valuation stacks up.
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mikeh
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Post by mikeh on Jan 29, 2020 16:33:01 GMT
I think this is the right way to go. If they are serious about the bonds, they should take the interim re-finance that they were contemplating 6 months ago. Having spent a fortune on lawyers and bond arrangers, I would have thought the last thing they want is the administrators brought in.
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Post by sirpercyblakeney on Jan 29, 2020 18:40:51 GMT
Time for a ritual gutting on the altar of P2P.
Bring on the receivers, minimum timeline, no more give, if the borrower is serious they will have to jump.
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Carter
Member of DD Central
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Post by Carter on Jan 29, 2020 19:00:01 GMT
MoneyThing, do you know why- The borrowers company public website https://www.be*******le*****re***splc.com/ (listed also on the NEX website and on the bond material) is offline and has been so for a while ? Still works if appended with /about-us
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corto
Member of DD Central
one-syllabistic
Posts: 851
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Post by corto on Jan 29, 2020 19:25:57 GMT
MoneyThing, do you know why- The borrowers company public website https://www.be*******le*****re***splc.com/ (listed also on the NEX website and on the bond material) is offline and has been so for a while ? Still works if appended with /about-us not for me
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