ozboy
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Post by ozboy on Nov 12, 2020 0:00:45 GMT
And the Daily Mail :-
"The middle-class capital gains raid: Heat on Rishi Sunak over tax watchdog's plan for a £90bn hit on property owners, savers and investors to claw back spiralling Covid cost."You REALLY don't need crystal balls to see that "we" are going to get well and truly shafted, to pay for everybody and everything. Some have had a VERY good Covid, all to be paid for by "us." www.dailymail.co.uk/news/article-8939799/The-middle-class-capital-gains-raid.html |
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ozboy
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Post by ozboy on Nov 11, 2020 17:42:27 GMT
My experience is to always remove the Perpetrators (in this case, the Platform - MT) from the equation.
They have shown their colours by their disdain - a total lack of even half reasonable communication, whilst rakeing in ££££s of our money, for little effort.
This is not honourable and all things considered I would definitely vote for taking them out of the situation and running with independent Administrators.
Just MHO.
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ozboy
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Post by ozboy on Nov 10, 2020 15:24:30 GMT
No problem MoneyThing, despite repeated polite requests for an Update on this Loan (last Update 3 months ago) you have shown your clear contempt for Lenders by still refusing to pass on ANY information whatsoever. There are many Lenders on here who are very well connected, your reputation and conduct will follow you and your future business ventures may not turn out quite as lucrative. That is all. |
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ozboy
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Post by ozboy on Nov 9, 2020 15:29:46 GMT
Apologies, I am not particularly articulate at the best of times. So, to precis:- 1/ Of course we will have to pay more, that's a given. And most of us won't mind, as long as it's a "fair" share, and we're not targetted.
2/ When the Government does eventually recoup costs, it is VERY unlikely to be "fair". and is also VERY likely to target certain groups. 2/ SO, what assets are especially difficult for Governments to raid/tax/steal? Probably like many on here, I was in the Boy Scouts ................ "Be Prepared!"  |
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ozboy
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Post by ozboy on Nov 9, 2020 13:14:32 GMT
Bit of an alarmist heading, but we all know the humungous Covid Bill that is racking up has to be paid for, and the Government will definitely go after anyone who has any Assets and is considered "well off". And any sense of "fairness" won't come into it, we will be striped. So, what strategies, other than maybe moving Assets offshore, are the best course of action? Buy physical gold/silver and bury it? Stick with "reliable" shares/funds? Cash is king, until The Government decides it's a soft target and overnight raids your piggy bank? Of course The Usual Suspects will also have to be hiked - VAT, Income Tax, Inheritance Tax, National Insurance, Corporation Tax, etc. Negative Interest rates? Devalue the Pound too? It's gonna be very, VERY grim if you don't prepare now to protect your life's savings . IMHO .
Yours, The Jolly OzBoy, always the Harbinger of Glad Tidings.  |
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ozboy
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Post by ozboy on Nov 6, 2020 15:53:28 GMT
........... allowed to interfere with their liquid lunches.
Followed by a very nice, very long afternoon nap.
"It's not our money!"
That is all.
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ozboy
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Post by ozboy on Nov 5, 2020 11:46:09 GMT
NEVER give up, remember The Battle of Britain!!!! And, of course, David and Goliath. 
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ozboy
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Post by ozboy on Nov 4, 2020 17:01:38 GMT
Since Administration, my "investments" have returned very little leaving me with several thousand pounds capital losses. When FS talked of 10% returns I assumed that was interest on capital not OF capital. Was I wrong or were others likewise deceived? Your Funding is Secured in their pockets. And the only "interest" I have is in how the hell they managed to get away with it.I don't think they will, I'd be VERY nervous if I was involved. What happened at FS is FAR too blatant & serious (and provable) to be ignored by the FCA. The FCA's reputation (particularly regarding P2P) is in complete tatters and they know it, their credibility just doesn't exist and only naive idiots trust them on anything now. Funding Secure, Collateral, and Lendy will (should/must) be dealt with in the fullness of time, but it takes a while to build a good case. Lord knows there is a Mount Everest of evidence. IF nothing ever eventually happens re these three Platforms then the FCA should be summarily shut down, as the useless, ineffective & arrogant organisation they have so far proved themselves to excel at being, in facilitating what happened within these P2Ps. MANY will be pushing for that FCA shutdown if justice is not done, if only to protect future investors from the FCA's Gross Incompetence. A seismic shift of mindset from "Deny culpability on everything and cover our backside at all costs" to actually admitting mistakes and fulfilling their remit, "Protect the financial consumer", would be a good start. But I don't think any of us think that will ever happen.
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ozboy
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Post by ozboy on Oct 28, 2020 17:56:47 GMT
MoneyThing, your last Update was on 06/08/2020 when, among other things, you stated:-
.............................an offer for the full asking price was submitted on plot * and the sale is expected to exchange shortly.
and
The Administrators will be placing the lower undeveloped site into auction shortly.
Please update on this Loan by this Friday 30/10/20
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ozboy
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Post by ozboy on Oct 26, 2020 20:21:14 GMT
Most peculiar, ron . £260k loan running for a little over 1,000 days would have accrued something in the region of £90k interest so amount outstanding to lenders is going to be in the region of £350k. You'd have thought that £482k from the sale of both properties would cover that. Even after 10% receivers* / sales / legals (£48k), 5% FS fee (£13k, on loan amount) and 3% CG Fee (another £13k, on net redemption), there's still be over £400k in the kitty. And that's not including the £10k received 'on account' and which I've assumed will have gone AWOL by now. * Interesting thing about the Receivers is that none were officially appointed against the borrower company. Maybe that isn't a requirement in Northern Ireland? However, when it comes to the updates, there some confusion here, as well (my emphasis): 14/10/2019 - ... taking further action and issued the borrower with a formal demand for the funds with a view to appointing receivers25/10/2019 - Further to the formal demand sent to the borrower we had no response to deadlines set for proposals to be received and have now formally appointed receivers15/01/2020 - Receivers were appointed at the end of November due to lack of communication from the borrower. We are awaiting the receivers recommendations and will update in due course. 03/04/2020 - The borrower has not responded to the formal demand. We have contacted Receivers with a view to appointment and we are currently reviewing the proposed costs involved. We will provide a further update in due course. So they were preparing to appoint Receivers. Then they did. Then they confirmed they did. And then ... then they decided they might appoint Receivers, depending on costs. Might understand it if CG had been brought in after the January update, but they'd held tenure since the previous October, so should have had a firm handle on things by the time of that January update. Just tagging fundingsecure2 on the off-chance they read this, just so they are aware of the confusion surrounding the situation here and maybe a clarifying update can be provided. Otherwise it'll be a case of wait and see and, potentially, another loan for the CC to add the growing 'what-the-hell-happened-here' list. 15/01/2020 - Receivers were appointed at the end of November. 03/04/2020 - The borrower has not responded to the formal demand. We have contacted Receivers with a view to appointment. Call me old fashioned, but isn't that blatant lying?And doesn't that, along with one or more other well known loans, constitute an open & shut case?
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
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Likes: 4,857
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Post by ozboy on Oct 26, 2020 13:37:17 GMT
I have been taking mind reading lessons and I think I am very ready to now turn Professional.
For instance, I know what you all think of Luxmore & Hackett, and what course of action you insist the FCA takes.
We shall see.
That is all.
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ozboy
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Likes: 4,857
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Post by ozboy on Oct 25, 2020 11:39:29 GMT
My favourite example of correct/lateral thinking that pic. They couldn't armor the whole plane for obvious reasons, so only armoured the sections where there are no red dots. This obviously being the areas that were vulnerable and sustained catastrophic damage, these planes never returning to be able to be inspected! PS - There's more to the story, they initially armoured the red dot areas and wondered why they were still losing planes. Eventually the penny dropped! PPS - Apologies if y'all already knew this. As an Aussie I find it a fascinating war story. |
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ozboy
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Likes: 4,857
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Post by ozboy on Oct 23, 2020 18:26:33 GMT
Spot ON! 👍
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ozboy
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Post by ozboy on Oct 23, 2020 9:59:12 GMT
Time to wake the FCA up and get them involved.
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ozboy
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Likes: 4,857
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Post by ozboy on Oct 22, 2020 14:36:53 GMT
You are now out of order MoneyThing, please update on this loan urgently.You cannot treat Investors, who have a great deal to lose, like this. Trust me, it will come back and bite you. Update NOW. I thank you. OzBoy. |
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