TitoPuente
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Post by TitoPuente on Jan 26, 2021 20:56:39 GMT
Look at the bright side: They did not charge the 3% service fee. Most probably because there are no joints open tonight to go spend it in champers.
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TitoPuente
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Post by TitoPuente on Jan 26, 2021 20:50:10 GMT
This has been my only consistent payer for quite a while. I may be an exception, I'm not too bothered that the latest interest (and partial capital repayment?) has been retained if it increases the likelihood of full capital return over the next few weeks. It's interest only. Unfortunately the interest retained will not, in any shape or form, increase the probability of a successful refinance in the next few weeks.
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TitoPuente
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Post by TitoPuente on Jan 26, 2021 12:50:24 GMT
It's Moo****s modus operandi. They will sit in, get comfortable, and use their statutory powers to profit as much as they can.
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TitoPuente
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Post by TitoPuente on Jan 22, 2021 15:00:35 GMT
This one usually pays interest on 21st or 22nd of the month. As it's only a week or so to (the latest) re-finance date, maybe they'll lump interest and principal together and perhaps there'll finally be a capital return here soon!! There was some action on companies house yesterday, I have yet to check it out so it might be. Just the confirmation statement.
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TitoPuente
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Post by TitoPuente on Jan 18, 2021 13:24:10 GMT
We never got to speak with the buyer. We are awaiting a response to our email. There is nothing material to report at present but we are continuing with this potential purchaser and looking at alternatives for the sites. As you can imagine at present selling a pub is a buyers market ablrate any update on these please? Not wanting to jump in here but making sure the update in the last video (21/12/20 minute 7.30) got to everyone interested. In my opinion, not a lot can be done until the hospitality industry turns the corner.
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TitoPuente
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Post by TitoPuente on Jan 13, 2021 20:44:07 GMT
Blimey!At this rate they'll be selling at a premium soon. All the doubters must be out, now.
I feel for those poor (now poorer) sceptical 8% sellers...
Historically there are plenty of subscribers to the buy-high-sell-low doctrine. A few of them could not even spell the gerund panicking.
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TitoPuente
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Post by TitoPuente on Jan 5, 2021 12:24:20 GMT
Same here.
The Moo****s MT page includes (my bold):
"I want to withdraw my funds, how long will this take? If your account is showing that there are funds available to withdraw and these have not been received, there may be short delays in these being returned to you. Unfortunately, these delays are inevitable as the bank accounts are transferred into the Joint Administrators control and while the Joint Administrators undertake a regulatory review of the accounts."
It's an administration after all. Supporters have been warned (not that they could do anything).
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TitoPuente
Member of DD Central
Posts: 624
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Post by TitoPuente on Jan 3, 2021 15:13:42 GMT
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TitoPuente
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Post by TitoPuente on Dec 21, 2020 11:51:08 GMT
Admin Proposal available at CH. Receivers valuation at £500k versus MT original valuation at £4.5m TC owed £2.8m and MT £1.07m (assumed to include interests and penalties). So there you have it.
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TitoPuente
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Post by TitoPuente on Dec 19, 2020 10:19:01 GMT
Indeed lenders lent money to Lendy, NOT the Borrower on this model 1 loan. So the model 1 loans were the safest? Which ones are model 1? Is there a list somewhere? Not exactly. Look at Appendix B and do the math.
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TitoPuente
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Post by TitoPuente on Dec 17, 2020 12:46:49 GMT
"That the planning authority is unable to consider the application submitted under Section 42 of the Town and Country Planning (Scotland) Act 1997 as it is seeking the development of land without compliance with conditions previously attached to a planning permission that, by virtue of the entire demolition of the former courtyarded farm steading where the proposed conversion, alterations and extension of such formed an integral part of the description of the previously approved development, is no longer considered to be extant".
Appalling.
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TitoPuente
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Post by TitoPuente on Dec 16, 2020 13:16:14 GMT
The AM01 date of appointment is 21/10/2020 so today is the Proposal's deadline, if I am correct.
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TitoPuente
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Post by TitoPuente on Dec 11, 2020 9:11:25 GMT
If this ends in MT Administration, I would expect that MT will distribute what remains of the funds that were retained for legal costs.
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TitoPuente
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Post by TitoPuente on Dec 4, 2020 10:14:32 GMT
My solicitor registered a unilateral notice on the landlord's title at the time I bought the plot. Although this does not mean I am a secured creditor, I still remain the owner of a registered plot therefore, once the land will be sold on auction to a new developer, he cannot disregard the existing unilateral notices. I have already been in a similar situation in the past. I believe that, even if there is a serious and experienced developer who is interested in completing this project, he is just waiting for the current owner to go into liquidation so that he can show up once an auction is held. The location is excellent therefore there is still a good profit to be made for an experienced developer. I might be wrong, of course, but I really don't see how you (lenders) can get your loan (partly) back unless you force the borrower to go into liquidation. It is now almost one year since the "buyer" bought the shares of this company. Do you really still believe that he could find the funds he needs to complete this project? I would be really surprised if this happened. I lost you. In the case of an administration, how do you expect to recover your deposit if lenders would only recover part? Do you believe that you rank ahead of MT lenders?
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TitoPuente
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Post by TitoPuente on Nov 27, 2020 8:51:21 GMT
Two days ago the company was "pleased to announce that it has raised a total of GBP 335,365.80 (gross) from institutional investors (GBP 278,365.80 at 5p per share and GBP 57,000 at 5.5p per share) through the issue of 6,603,680 new ordinary shares (‘Placing Shares’) under this equity issue. The Company will use the proceeds from the equity issue for general working capital purposes"
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