jonno
Member of DD Central
nil satis nisi optimum
Posts: 2,790
Likes: 3,211
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Post by jonno on Aug 2, 2022 8:34:28 GMT
So MCL have been drawing their fees since the 19th of last month and promised updates and dispursements by the end of the month. These have not materialized, with no sign of any explanation. Just what are they doing for their money? Probably having lots of liquid fuelled meetings to discuss to discuss how much longer they can delay paying out!! So if they "discuss" it twice does that result in a double charge?
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quidco
Member of DD Central
Posts: 294
Likes: 361
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Post by quidco on Aug 2, 2022 8:57:39 GMT
Anything based around "fees" is intended to obfuscate actual effort and rip off investors imo.
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jo
Member of DD Central
Posts: 739
Likes: 498
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Post by jo on Aug 2, 2022 15:33:01 GMT
Wonder when the cut-off for 'early next week' is.
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jonno
Member of DD Central
nil satis nisi optimum
Posts: 2,790
Likes: 3,211
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Post by jonno on Aug 3, 2022 8:52:48 GMT
Wonder when the cut-off for 'early next week' is. Erm..................that'll be late next week
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merlin99
Member of DD Central
Posts: 129
Likes: 271
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Post by merlin99 on Aug 3, 2022 11:19:05 GMT
Wonder when the cut-off for 'early next week' is. Erm..................that'll be late next week Or possibly the week after!
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dh1
Member of DD Central
Posts: 392
Likes: 404
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Post by dh1 on Aug 3, 2022 15:14:16 GMT
Some loan updates have just turned up.... No sign of money, yet... On a quick read it looks like there will be 17% to 25% (of capital) distributions on a couple of loans. Doesn't look like much has happened in the real world.
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averageguy
Member of DD Central
Posts: 1,174
Likes: 855
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Post by averageguy on Aug 3, 2022 21:28:38 GMT
Some loan updates have just turned up.... No sign of money, yet... On a quick read it looks like there will be 17% to 25% (of capital) distributions on a couple of loans. Doesn't look like much has happened in the real world. Reading through that pdf file on the Scottish loan brings home the scale of fees being charged …such as 17% realisation fee progress on others seems painfully slow…I thought Liverpool would have been sorted by now and that they would have been able to make distribution on the Plymouth one
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quidco
Member of DD Central
Posts: 294
Likes: 361
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Post by quidco on Aug 4, 2022 8:16:55 GMT
Some loan updates have just turned up.... No sign of money, yet... On a quick read it looks like there will be 17% to 25% (of capital) distributions on a couple of loans. Doesn't look like much has happened in the real world. Reading through that pdf file on the Scottish loan brings home the scale of fees being charged …such as 17% realisation fee progress on others seems painfully slow…I thought Liverpool would have been sorted by now and that they would have been able to make distribution on the Plymouth one Well the one I looked at £745k was lent originally, £352k was recovered, £128k (17%) to be returned to investors after all the fees
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Post by marcusponds on Aug 4, 2022 9:28:06 GMT
Some loan updates have just turned up.... No sign of money, yet... On a quick read it looks like there will be 17% to 25% (of capital) distributions on a couple of loans. Doesn't look like much has happened in the real world. Where did you get the information from ? I've had no email and I don't see anything on the MT website?
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quidco
Member of DD Central
Posts: 294
Likes: 361
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Post by quidco on Aug 4, 2022 9:32:12 GMT
Some loan updates have just turned up.... No sign of money, yet... On a quick read it looks like there will be 17% to 25% (of capital) distributions on a couple of loans. Doesn't look like much has happened in the real world. Where did you get the information from ? I've had no email and I don't see anything on the MT website? There are updates against the loans
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dh1
Member of DD Central
Posts: 392
Likes: 404
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Post by dh1 on Aug 4, 2022 10:56:25 GMT
Yep. If you go to "Support" then "Loan Updates" there they reside in all their splendour... marcusponds
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mw
Member of DD Central
Posts: 179
Likes: 81
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Post by mw on Aug 4, 2022 11:47:26 GMT
Something's happening on the website with MTAW1020 at the mo.. I just logged in and saw the full Capital amount in my available funds.. sad to see it go down by three quarters soon
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elsee
Member of DD Central
Retired:D
Posts: 200
Likes: 117
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Post by elsee on Aug 4, 2022 11:51:18 GMT
I have money in my account! (at last) but they are still processing so can't withdraw yet.
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mw
Member of DD Central
Posts: 179
Likes: 81
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Post by mw on Aug 4, 2022 12:36:46 GMT
I've just withdrawn mine and it let me so now I'm running...
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investibod
Member of DD Central
Posts: 288
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Post by investibod on Aug 4, 2022 14:43:57 GMT
I have seen my balance go up by a whole £1.00.
Looks like it will be home brand Rich Tea rather than Hobnobs.
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