ozboy
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Post by ozboy on Oct 21, 2020 15:28:07 GMT
Not in this Loan, but, basically, the Borrower got the whole loan for Free? Trousers the lot, "Thank you very much"!  Has to repay ZERO? |
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ozboy
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Post by ozboy on Oct 19, 2020 17:28:49 GMT
THREE YEARS!!!!!! Of course, CG & Co, like all Administrators, are beyond reproach, and are ultimate Professionals with extremely high values & integrity and are dealing with Funding Secure as quickly and fairly as they possibly can. 
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ozboy
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Post by ozboy on Oct 17, 2020 21:13:42 GMT
Cleaning out process is a natural way of selection. It happens to all new markets as they move to maturity. You may look at the stock market during tech bubble. I mean stocks were skyrocketing up with no acceleration in earnings, actually, with no earnings at all. When the market eventually came to senses, lots of bankruptcies followed. From the bubble arose some of the greatest companies we have now: Amazon, Google, eBay and about ten more. The same will happen with the P2P alternative platforms. More will be uprooted and will be remembered no more. Others will rise and start dominating the field. Regulation is a plus, despite it does not always work. But those platforms that are willing to be licensed at least show they want to be transparent and responsible with investors' funds. Other factors should be there too. Viventor is now moving towards securing an Investment Brokerage License. That's a great plus for them, including strengthening of AML/KYC procedures: www.viventor.com/blog/posts/viventor-launches-automated-and-kyc-aml-compliant-onboarding-process Errr, you what? A willingness to be licensed shows that they want to be transparent and responsible with investor's funds?!!! Where'd you get that cod logic from? In many cases, it is more likely that FCA "Licensing" gives them just the cloak of respectability they need to enable them to appear "honest" and then proceed to fleece investors with impunity. Because, when they do, the FCA is most concerned with covering its own backside and denying culpability!
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ozboy
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Post by ozboy on Oct 16, 2020 14:32:34 GMT
Weary Investors are long overdue a report on this Loan MoneyThing, please UPDATE us asap. |
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ozboy
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Post by ozboy on Oct 15, 2020 22:05:59 GMT
As far as I could observe over an hour, Hackett seemed the more dominant Director. And far more culpable I believe for what has happened.
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ozboy
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Post by ozboy on Oct 15, 2020 16:48:45 GMT
For the Apologists out there (are there any left?), I would just like to say that I met with the above back in the day in their offices. They know, and knew, exactly what they're doing. Which is probably why Noman left. Remember him? I thank you. Have they had their assets frozen yet? I have no idea, but AFAIK you have to be under "investigation" for such freezings to occur? Also, AFAIK, it's only the Lendy Directors who have had assets frozen so far in P2P? I have said it before, until the FCA/Police get serious and prosecute & jail several P2P Directors, "Professional" Valuers, Borrowers, and perhaps an Introducer or three, nothing will ever change in P2P. You really do invest at your peril.
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ozboy
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Post by ozboy on Oct 15, 2020 13:21:14 GMT
For the Apologists out there (are there any left?), I would just like to say that I met with the above back in the day in their offices.
They know, and knew, exactly what they're doing.
Which is probably why Noman left. Remember him?
I thank you.
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ozboy
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Post by ozboy on Oct 12, 2020 13:36:43 GMT
Note that the closing date has been extended to 12th October. .... That is today, I would urge anybody who is minded to to respond. The consultation is due to be looked at by the Treasury Committee when completed so you can be certain that views will be scrutinised by people other than the FCA. If in doubt contact me by PM. Done. After I made the prudent decision to delete the string of ultra strong expletives.  
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ozboy
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Post by ozboy on Oct 9, 2020 17:21:52 GMT
A very good question - I have been thinking about this I would say - is this really a non-refundable deposit - there may be a get-out clause which FS have overlooked? Maybe he took a punt and thought he could get the re-financing Is the chap who paid the deposit related to the orginal borrower - you never know! Whatever does not ring true and I hate to think what is going on here I can foresee we lenders losing well over £2m over his bloke's developments - wonder if the £6m he took all went on the developments - course it did! Yet another total horlicks which I hope FS can be sued over. As Adrian has alluded to, possibly when a "Non-Refundable Deposit" turns out to be, errrrr, Refundable? !!!! Always remember, this is FS you're dealing with, those who possessed Masters Degrees & PHDs in Ethics & Truth Economics.
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ozboy
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Post by ozboy on Oct 9, 2020 12:13:13 GMT
Now why would Administrators embark on "poor marketing"? * Being on hourly rates (as long as there's loot in the coffers) they have no incentive to string sales out? In fact, Administrators are VERY efficient, I am always constantly amazed at how good they are at timing the final winding up of a company with just enough left to still pay their fees. Uncanny that, takes real skill, they're VERY good at their job aren't they. PS - * Or, indeed, instruct poor value, incompetent agents?  |
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ozboy
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Post by ozboy on Oct 8, 2020 21:54:59 GMT
Well spotted! The price seems to have gone back to £4.47M and it is listed as exchanged on the A*****s website. I know it is well below what the loan value is, but this is good (and unexpected) news,....if true. I wonder what MuchoP2P was looking at? Any news MuchoP2P? The suspense is killing me man! Sorry for the delay. No point in me spouting hearsay until I have checked it out thoroughly. There are rumours that she is still in talks with various law firms, but nothing of substance. At last! Now let’s see how much we get back from that sale. Any future updates on this saga, I will post here.
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ozboy
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Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on Oct 7, 2020 19:50:10 GMT
HMRC
the FCA
Administrators
Platform Directors
Valuers
RICS
Introducers
Just one big happy family, all lining up to Gang Bang lenders.
Thank Fornication we have Duck and Lings beavering away, they're our best hope really. [Massive Thumbs Up Emoticon here. ]
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ozboy
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Likes: 4,857
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Post by ozboy on Oct 7, 2020 16:20:41 GMT
I've lost count of the flurry of emails. Good to see that they're on the case and not hanging about with the ole "Endless Forbearance", a la Funding Secure's favourite trick. And it WAS a trick.  |
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ozboy
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Likes: 4,857
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Post by ozboy on Oct 4, 2020 19:26:57 GMT
I am nowhere near informed enough to have an opinion on the randomness of Premium Bonds, but I do recall an in-depth technical article on the subject which I read a few years back. This particular article expounded that TRUE randomness via electronic means is an impossibility, due to the inherent limitations of the electronics employed. Or somesuch. I know I will be corrected, but it's not my opinion, just what I remember reading. As an anecdote, I have random (or "shuffle") on my Juke Box and I am always surprised that in amongst the "random" selections (from about 2,000 songs) there are the same two or three that inevitably feature within the first hour or two of playing nearly every time I select "Shufflle." I am not The Red Baron, you can shoot me down. |
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,165
Likes: 4,857
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Post by ozboy on Sept 28, 2020 20:11:24 GMT
More than 3 weeks have elapsed, UPDATE now overdue please ablrate. |
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