ozboy
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Post by ozboy on Apr 16, 2020 3:09:22 GMT
You outed yourself as a person referred to in my Topic, I did not refer to any named individual.
So that's a "No."
You are on record as constantly defending FS' deplorable conduct in the face of overwhelming evidence to the contrary.
Again, the question is, "Why?".
Every poster on here has their own opinions on that and your motivations.
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on Apr 15, 2020 22:37:02 GMT
arby Member of DD Central Funding Secure (FS DD)
Albion Grove, London - Bridging DEFAULT - FULL RECOVERY
Mar 24, 2019 at 7:35am via mobile cwah likes thisQuotelikePost OptionsPost by arby on Mar 24, 2019 at 7:35am
Mar 23, 2019 at 11:52pm cwah said:
So the developper bought the flat and land for £966k.
Then decide to split it and refinance only based on land......
So if he default, how would the recovery go?
1. Only based on the land at residual value. That may as well sell as low as £200k
2. Based on the 2 flat + land sold previously at £966k, which is likely to make a full recovery + interest.
I can't see any mention of personal guarantee... So whats the chance to recover from the original sold assets?
The VR is based on the land only. As is often the case, that is what we have to rely on. If that is anywhere near accurate then the security is fine, however I'm sure we all know one or two instances where valuations have been a little optimistic 
The possible difference this time is that planning has been granted, rather than anticipated. Land with planning in London will always have a high residual value, assuming it doesn't lapse...------------------------------------------------------------------- Only "one or two" were "a little optimistic". How about over 90% of the whole damn FS Loan Book where VRs were criminally optimistic. Which many of us warned against time and again but you would argue the toss. Consistently. You asked for proof and I have provided it, so now scurry away and delete all your past incriminating posts. If you haven't already. It will be to no avail, because most of us on here have VERY good memories. I thank you.
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ozboy
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Post by ozboy on Apr 15, 2020 16:39:45 GMT
So, they are, as we say in Oz, lower than shark  . [ <- Should Have Interesting Times ] Descipable, I suppose shills think they're very clever and "good at business." Dishonest wankers who get what they deserve. PS - No I am not bitter and diid not get overly caught, I just feel VERY sorry for anyone who was taken in, I loathe dishonesty. That is all from me. |
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ozboy
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Post by ozboy on Apr 15, 2020 16:25:44 GMT
Many on here are all very "Pommy Polite" which is an admirable attribute and all very nice, but it does not stand you in good stead when swimming in shark infested waters. The FS Flagwavers are responsible for untold damage to some people's wealth and need to be called out. As I have said, some sort of admission and apology would show if they have any vestige of contriteness, they should hang their heads. I am not holding my breath. Do you include me in your list of people in need of being "called out"? If anyone did lose money because of my statements then I wholeheartedly wish that could be reversed. While some of my loans have paid out in full since administration began, a few more than I ever expected are showing material deficits, such as Weston Rhyn yesterday. Obviously I'm expecting an overall, but marginal, loss. I hope that the situation for many is not significantly worse than that, but depending on the specific loans you're in I suspect it will be unfortunately. What are you hoping to achieve with this post? I am hoping, we all are, to hear what your motivations were, in the face of a mountain of irrefutable facts against everything you uttered. You had an agenda, just what was it? What connections did/do you have to FS and/or its Borrowers? Regardless of your answers we will of course never know, but we can surmise.
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ozboy
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Post by ozboy on Apr 15, 2020 16:20:05 GMT
Wottasurprise, arby has "Liked" your comment. |
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ozboy
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Post by ozboy on Apr 15, 2020 12:41:30 GMT
Many on here are all very "Pommy Polite" which is an admirable attribute and all very nice, but it does not stand you in good stead when swimming in shark infested waters.
The FS Flagwavers are responsible for untold damage to some people's wealth and need to be called out.
As I have said, some sort of admission and apology would show if they have any vestige of contriteness, they should hang their heads.
I am not holding my breath.
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ozboy
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Post by ozboy on Apr 15, 2020 12:00:28 GMT
Most of us on here tried valiantly for years to warn others of the FS scam but the Flagwavers would have none of it and continued to vigorously extol the "virtues" of FS.  I feel VERY sorry for anyone who began investing or added more to FS Loans after reading the Flagwaver's constant bigging up. Heads have been below parapats of course but an admission that you were totally wrong and an apology of some sort would show you have some integrity. Unlike FS. |
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ozboy
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Post by ozboy on Apr 14, 2020 21:43:29 GMT
GREED has no conscience or morals.the directors of these failed platforms are clearly proving that even long after they have gone they are still rubbing their hands as each loan is confined to history. Never fear rocky1 and other Chaps and Chapesses, it is only a matter of time before someone pops round and has a cup of tea and a friendly chat with these naughty FS Directors. Just as they will have a tea and scones soiree with the Collateral and Lendy Directors too.
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ozboy
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Post by ozboy on Apr 14, 2020 21:27:22 GMT
Second that copacetic. Have been an employee twice in UK firms that went into Administration and have watched and experienced Administators at close quarters. They're exactly like RICS in how "Professional" they are. Know wot I mean. |
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ozboy
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Post by ozboy on Apr 14, 2020 13:39:55 GMT
Don't forget yet another three months of "forbearance" for this "new equity partner" to stump up the spondoolies.
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ozboy
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Post by ozboy on Apr 9, 2020 11:45:23 GMT
FCA expects firms in the P2P sector to offer appropriate forbearance at an early stage where the customer indicates they are experiencing payment difficulties as a result of coronavirus.www.fca.org.uk/publication/feedback/fs20-3.pdfWon't be many Borrowers claiming that then? 😂 🤣
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ozboy
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Post by ozboy on Apr 9, 2020 10:27:21 GMT
You knew the risk..as stated..you didn't know about possible corruption, lies.. collusion with borrowers, hidden charges etc... with the FCA support.Surely most of those are part of the risk of P2P lending ? You must have realised you were lending to sub prime borrowers so a high possibility of corruption, lies and generally dodgy borrowers. There is a reason they are paying the high interest rates for P2P. Have you missed the key point though mattygroves? Which I have highlighted.
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ozboy
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Post by ozboy on Apr 1, 2020 17:20:15 GMT
OR: Adding to an IFISA this tax year using funds previously withdrawn from different other Flexible IFISAs during the current tax year? I vaguely recall reading on here that you can withdraw funds from a Flexible P2P IFISA and that you do not have to re-invest back with that same IFISA Platform but can reinvest the withdrawn Flexible IFISA funds into any another, different Flexible IFISA, as long as within the Tax Year? That is, I have withdrawn funds during the current tax year from three Flexible IFISAs and now want to add all these funds back into just one Flexible IFISA before the end of this tax year. I can't find the answer on HMRC's website nor after a trawl on here, any of you learned fellow investors know if this is allowed? Thank you in advance. A Grateful OzBoy.  |
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ozboy
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Post by ozboy on Mar 29, 2020 10:21:22 GMT
The fact we have not received a single penny in nearly TWO years says it all. (BDO appointed 27/4/18) Every penny coming in is simply paying straight out to BDO's "Costs & Expenses" and there is nothing for us. We are being rinsed. I expect this Gravy Train will continue unabated. I recall the Judge at the appointment of BDO said s/he would " Keep a close eye on costs." Yeah, right. EDIT: NEVER forget, the FCA created and are 100% responsible for all this. PS / EDIT 2: No doubt BDO will be sending the FCA a very nice Christmas card, and suitable basket of wine/delicacies. Call me a cynic, but I can't help thinking that BDO are doing more to protect the interests of the FCA than that of the Lenders (they are getting paid handsomely for this). They are just buying time for FCA to finish their investigation before laying their cards, so as not to contradict each other (read not to put FCA in a tight corner). Won't be surprised if they have signed an under the table NDA to FCA :-( Correct. IMHO.
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ozboy
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Post by ozboy on Mar 28, 2020 12:42:28 GMT
One thing that may be relevant or may be coincidental - crime. My local shop says it was robbed of stock by several men in a gang - not something they had happen before. An armed robbery happened locally. NHS staff being mugged for badges. I doubt collection of crime figures will be considered essential work. The perceived wisdom is that crime goes down at times like these (eg WW2) and people pull together. Not sure if that is happening. It does seem domestic violence is well up, though obviously alcohol related public disorder will be right down! There was loads of crime during WW2, it just wasn't reported, for obvious reasons. .
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. [ <- Should Have Interesting Times ]
