ptr120
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Post by ptr120 on Jan 25, 2022 7:44:16 GMT
IIUC, one of the consultant companies is their former IT guy who built the website (who even used to post on here from time to time). Given that there is no development of the website, only monitoring / maintainance, and posting loan update information, that can't be much work, so i'm inclined to suggest that the makority of this money is going to the former directors / owners of the business.
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merlin99
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Post by merlin99 on Jan 26, 2022 10:44:23 GMT
I have a feeling in my nether regions that we are now approaching what many may refer to as the end game. Not a lot of realistic realisations to come and a lots of costs.
I feel fortunate that I got most of my investments out awhile before the proverbial hit the wall. I am now down to three investments in total with a supposed valuation in the mid four figures but realistically probably only pennies on the pound. I can live with this and put it down to experience and luck that I pulled a hell of a lot more out early on.
Sorry for those who have lost a bundle but that is investing for you and particularly on high risk ventures as most P2P outfits were.
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Post by rp40000 on Jan 26, 2022 13:37:14 GMT
Shocking to see how much Ed and Sophie are making from the administration acting as consultants. The work they are doing can't be a full-time job any more, yet they continue to be well rewarded for what they are doing. How much are they actually getting paid then?
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cedarcourtcapital
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Listening is not the same as understanding
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Post by cedarcourtcapital on Jan 26, 2022 23:39:04 GMT
I have a feeling in my nether regions that we are now approaching what many may refer to as the end game. Not a lot of realistic realisations to come and a lots of costs. I feel fortunate that I got most of my investments out awhile before the proverbial hit the wall. I am now down to three investments in total with a supposed valuation in the mid four figures but realistically probably only pennies on the pound. I can live with this and put it down to experience and luck that I pulled a hell of a lot more out early on. Sorry for those who have lost a bundle but that is investing for you and particularly on high risk ventures as most P2P outfits were. What is the value of this post? Do you also kick small animals? Do you believe those who do not consider your comments smug, will feel enlighten by your 'wisdom'. The last paragraph is too condescending for words. Maybe it would not have been taken as such if you not told everyone how smart you were to get 'most of your investments' out before the end.
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quidco
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Post by quidco on Jan 27, 2022 8:50:24 GMT
Shocking to see how much Ed and Sophie are making from the administration acting as consultants. The work they are doing can't be a full-time job any more, yet they continue to be well rewarded for what they are doing. How much are they actually getting paid then? Consultancy seems to be about £100k a year according to the report at Companies House.
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merlin99
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Post by merlin99 on Jan 27, 2022 10:13:09 GMT
I have a feeling in my nether regions that we are now approaching what many may refer to as the end game. Not a lot of realistic realisations to come and a lots of costs. I feel fortunate that I got most of my investments out awhile before the proverbial hit the wall. I am now down to three investments in total with a supposed valuation in the mid four figures but realistically probably only pennies on the pound. I can live with this and put it down to experience and luck that I pulled a hell of a lot more out early on. Sorry for those who have lost a bundle but that is investing for you and particularly on high risk ventures as most P2P outfits were. Do you also kick sma ll animals?Do you believe those who do not consider your comments smug, will feel enlighten by your 'wisdom'. The last paragraph is too condescending for words. Maybe it would not have been taken as such if you not told everyone how smart you were to get 'most of your investments' out before the end. I made my point in the first paragraph - In my view the end is now close for MT and not a lot of cash is likely to come back to lenders from here on. I would love to be proved wrong but I think not. As to your first question - What is the value of this post? I could say much the same about many of your previous posts on here!
As to the 2nd question - Do you also kick small animals? My answer is, not if I can avoid it. However I do kill a few regularly including unfortunately dogs that worry my sheep. I am after all a farmer amongst other things! As to being smug my answer is not intended to be - just sympathetic as I know at first hand that there are people that have lost their life savings! If you had taken the time to follow some of my previous posts you would have seen that I have lost at least a substantial five figure sum on other P2P outfits principally Lendy and FS that have gone bust. I am not whinging about these, just angry that the FCA let us down. Out of curiosity and given your handle on here - cedarcourtcapital I guess that you are also likely to be in the finance business? I ask as a few years back there was an outfit of similar name flogging dodgy annuities!
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quidco
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Post by quidco on Jan 27, 2022 10:19:24 GMT
Do you also kick sma ll animals?Do you believe those who do not consider your comments smug, will feel enlighten by your 'wisdom'. The last paragraph is too condescending for words. Maybe it would not have been taken as such if you not told everyone how smart you were to get 'most of your investments' out before the end. I made my point in the first paragraph - In my view the end is now close for MT and not a lot of cash is likely to come back to lenders from here on. I would love to be proved wrong but I think not. As far as I can see on the platform there are quite a few distributions to lenders that have not been made yet. Four out of the seven loans I have. Obviously it's hard to work out what the %age returned will be.
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Jan 27, 2022 10:24:31 GMT
How much are they actually getting paid then? Consultancy seems to be about £100k a year according to the report at Companies House. Unfortunately there is a lack of clarity over what that covers. There were three consultants indicated initially, the directors, the IT company and another. The latter two havent been referenced since. Also the original estimate of expenses made reference to platform IT & licensing costs (c£84,000) but there are no entries against that line in the trading account. Given that the platform is still operating and presumably at a cost, are these costs actually covered by part of the consultant fees.
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jonno
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nil satis nisi optimum
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Post by jonno on Jan 27, 2022 11:55:38 GMT
Do you also kick sma ll animals?Do you believe those who do not consider your comments smug, will feel enlighten by your 'wisdom'. The last paragraph is too condescending for words. Maybe it would not have been taken as such if you not told everyone how smart you were to get 'most of your investments' out before the end. I made my point in the first paragraph - In my view the end is now close for MT and not a lot of cash is likely to come back to lenders from here on. I would love to be proved wrong but I think not. As to your first question - What is the value of this post? I could say much the same about many of your previous posts on here!
As to the 2nd question - Do you also kick small animals? My answer is, not if I can avoid it. However I do kill a few regularly including unfortunately dogs that worry my sheep. I am after all a farmer amongst other things! As to being smug my answer is not intended to be - just sympathetic as I know at first hand that there are people that have lost their life savings! If you had taken the time to follow some of my previous posts you would have seen that I have lost at least a substantial five figure sum on other P2P outfits principally Lendy and FS that have gone bust. I am not whinging about these, just angry that the FCA let us down. Out of curiosity and given your handle on here - cedarcourtcapital I guess that you are also likely to be in the finance business? I ask as a few years back there was an outfit of similar name flogging doggy annuities! Wow!!! DOGGY annuities??!! Are they worth seven times more than the normal ones?
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agent69
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Post by agent69 on Jan 27, 2022 12:08:07 GMT
I made my point in the first paragraph - In my view the end is now close for MT and not a lot of cash is likely to come back to lenders from here on. I would love to be proved wrong but I think not. As to your first question - What is the value of this post? I could say much the same about many of your previous posts on here!
As to the 2nd question - Do you also kick small animals? My answer is, not if I can avoid it. However I do kill a few regularly including unfortunately dogs that worry my sheep. I am after all a farmer amongst other things! As to being smug my answer is not intended to be - just sympathetic as I know at first hand that there are people that have lost their life savings! If you had taken the time to follow some of my previous posts you would have seen that I have lost at least a substantial five figure sum on other P2P outfits principally Lendy and FS that have gone bust. I am not whinging about these, just angry that the FCA let us down. Out of curiosity and given your handle on here - cedarcourtcapital I guess that you are also likely to be in the finance business? I ask as a few years back there was an outfit of similar name flogging doggy annuities! Wow!!! DOGGY annuities??!! Are they worth seven times more than the normal ones? Can't be any worse than the one that Equitble life sold me when I bought my first house!
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merlin99
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Post by merlin99 on Jan 27, 2022 12:26:54 GMT
Thanks for bringing to my attention the doggy spelling of dodgy. That will teach me to check to see what my spellchecker has done!
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Mousey
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Post by Mousey on Jan 27, 2022 22:24:36 GMT
In the High Court of Justice Business and Property Courts in Manchester Insolvency and Companies (ChD)
Before His Honour Judge Cawson QC
Sitting as a Judge of the High Court At the Manchester Civil Justice Centre, 1 Bridge Street West, Manchester
On 28 January 2022
In Public
3:00pm CR-2020-MAN-001030 Moneything (Security Trustee) Ltd (In Administration) 1 hr Pre-Trial-Review MSTeams
--> Any other member of the public wishing to witness a hearing being conducted remotely should contact BPC.Manchester@justice.gov.uk for information on how to be joined into the hearing.
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quidco
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Post by quidco on Jan 28, 2022 8:13:39 GMT
There always seems to be money for lawyers
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Post by investor1925 on Jan 28, 2022 9:01:14 GMT
Yes, and I remember who it was posting a couple of years ago saying that MT should be in administration.
Well, now you've got what you wanted, please just get on with life & stop slagging off the rest of us.
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adrianc
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Post by adrianc on Jan 28, 2022 11:53:30 GMT
There always seems to be money for lawyers Lawyers are the only way you're going to see a penny.
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