TitoPuente
Member of DD Central
Posts: 624
Likes: 655
|
Post by TitoPuente on Jun 20, 2022 8:30:09 GMT
hi all, do we have any update on this one? Thanks. The next Administration report will be published in September.
|
|
qlassa
Member of DD Central
Posts: 57
Likes: 25
|
Post by qlassa on Jun 26, 2022 21:07:19 GMT
Thanks, will wait and see.
|
|
|
Post by webbski9 on Jun 30, 2022 19:27:28 GMT
Is the report sent to all investors or do we have to access it from another source ?
|
|
ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,216
Likes: 11,408
|
Post by ilmoro on Jun 30, 2022 20:01:03 GMT
Is the report sent to all investors or do we have to access it from another source ? It will be on Companies House
|
|
TitoPuente
Member of DD Central
Posts: 624
Likes: 655
|
Post by TitoPuente on Sept 21, 2022 13:02:09 GMT
New Admin report posted at CH. Should be available in the next few days.
|
|
ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,216
Likes: 11,408
|
Post by ilmoro on Sept 22, 2022 7:54:20 GMT
New Admin report posted at CH. Should be available in the next few days. Available now as is the one for the related loan. Not inspiring reading.
|
|
TitoPuente
Member of DD Central
Posts: 624
Likes: 655
|
Post by TitoPuente on Sept 22, 2022 12:49:40 GMT
£380,935 distributed to MT to date + an estimated additional £80k to be distributed = £460,935. The original loan was £1,919,700 so the expected recovery is 24% of principal. There are pending issues to be resolved with the rent guarantee that may reduce those £80k. The administration is expected to end within the next 6 months. This is a Harvard case of P2P FUBAR.
|
|
quidco
Member of DD Central
Posts: 294
Likes: 361
|
Post by quidco on Sept 22, 2022 14:54:40 GMT
£380,935 distributed to MT to date + an estimated additional £80k to be distributed = £460,935. The original loan was £1,919,700 so the expected recovery is 24% of principal. There are pending issues to be resolved with the rent guarantee that may reduce those £80k. The administration is expected to end within the next 6 months. This is a Harvard case of P2P FUBAR. Out of that though presumably comes the "agreed" MT fees
|
|
averageguy
Member of DD Central
Posts: 1,174
Likes: 855
|
Post by averageguy on Sept 22, 2022 17:49:36 GMT
…so the interim distribution to be made shortly mentioned early August….hmm wonder what their definition of shortly is
|
|
m2btj
Member of DD Central
Posts: 630
Likes: 768
|
Post by m2btj on Sept 23, 2022 8:33:05 GMT
£380,935 distributed to MT to date + an estimated additional £80k to be distributed = £460,935. The original loan was £1,919,700 so the expected recovery is 24% of principal. There are pending issues to be resolved with the rent guarantee that may reduce those £80k. The administration is expected to end within the next 6 months. This is a Harvard case of P2P FUBAR. Out of that though presumably comes the "agreed" MT fees More like "greed fees"! The rich rewards of failure!
|
|
merlin99
Member of DD Central
Posts: 129
Likes: 271
|
Post by merlin99 on Sept 23, 2022 11:00:45 GMT
…so the interim distribution to be made shortly mentioned early August….hmm wonder what their definition of shortly is and are they measuring in light years?
|
|
|
Post by conductor50 on Sept 23, 2022 17:00:23 GMT
…so the interim distribution to be made shortly mentioned early August….hmm wonder what their definition of shortly is They have got our money so the interim payment must be made by the end of the month or I will be writing to my MP.
|
|
derbyfella
Member of DD Central
Posts: 70
Likes: 45
|
Post by derbyfella on Nov 2, 2022 16:55:38 GMT
did you write to your MP and any response?
|
|
travolta
Member of DD Central
Posts: 1,482
Likes: 1,193
|
Post by travolta on Nov 2, 2022 20:10:37 GMT
They didn't specify to whom the interim payment would be paid.... Perhaps they paid themselves: Every Thing.
|
|
jo
Member of DD Central
Posts: 739
Likes: 498
|
Post by jo on Nov 3, 2022 16:54:07 GMT
…so the interim distribution to be made shortly mentioned early August….hmm wonder what their definition of shortly is I think at this point Administrators on all crashed platforms have an irrational (or is it rational?) fear of having to actually make distributions. Wide boy lawyers with spurious claims have seen to that, smdh.
|
|