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Post by quidsaveblue2003 on Jul 16, 2018 8:50:22 GMT
I agree with you.
This loan is in default status since Feb this year. After almost 5 months, there is no real move or hardly any real value information on this loan.
It is always said the administrator is almost there, but more than a month passed, there is still no update.
We would like to know where we are, and even there is a huge loss, we still would like to be prepared for this.
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Monetus
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Post by Monetus on Jul 16, 2018 12:51:34 GMT
The administrators were appointed on February 26th. The administrator’s report was expected "next week" on 28/03/2018. The administrator were nearing completion of their initial assessment on 13/06/2018.
It's now the July 16th - nearly five months have passed and still no report?
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Monetus
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Post by Monetus on Jul 22, 2018 17:50:01 GMT
Any update on when we can finally expect this report MoneyThing? Five months is an awfully long time to wait for the Administrators initial conclusions.... How has this one taken so long when the Plymouth one was wrapped up so quickly?
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james21
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Post by james21 on Jul 22, 2018 18:35:02 GMT
There wont be an update any time soon because they dont know what to do. The concentration at the moment is on the pipeline and its bare. Most investors have their investments for sale. No one is buying. Looks like MT is dying on its feet. Ashamed to be an investor
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amwinv
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Post by amwinv on Jul 22, 2018 21:07:26 GMT
Most investors have their investments for sale. No one is buying. Looks like MT is dying on its feet. Not to defend MT or this whole Bolly episode or anything, but this statement is wildly incorrect. LOANS FOR SALE: under 4 million. LIVE LOANBOOK: almost 30 million. That's a little over 10% of all investments on MT that are currently for sale. Quite different from your statement. Just wanted to point that out. Last thing we need even is more panicked investors joining the herd.
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agent69
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Post by agent69 on Jul 22, 2018 21:16:46 GMT
Most investors have their investments for sale. No one is buying. Looks like MT is dying on its feet. That's a little over 10% of all investments on MT that are currently for sale. But the other 90% would be on the SM if there was any chance of it selling
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averageguy
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Post by averageguy on Jul 22, 2018 21:20:20 GMT
That's a little over 10% of all investments on MT that are currently for sale. But the other 90% would be on the SM if there was any chance of it selling Cobblers
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ozboy
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Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on Jul 22, 2018 21:38:20 GMT
But the other 90% would be on the SM if there was any chance of it selling Cobblers I think agent69 had their tongue firmly against their cheek........
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amwinv
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Post by amwinv on Jul 22, 2018 22:13:26 GMT
But the other 90% would be on the SM if there was any chance of it selling Just because I'm a spreadsheet nerd and love working things like this out..... Theres only another 11 million that could be put up for sale and sit in those current queues. That totals 15 mil. Still only half the loan book. So there's still 50% of the loan book - 15 million bangers - that is still very much in demand, and gets snapped up pretty quick once it's put on sale. I'd like to see more new, quality loans coming into play, sure.... but I think MT are far from dying on their feet at the moment. #famouslastwords
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Post by quidsaveblue2003 on Jul 22, 2018 23:05:59 GMT
We just want an administor report on this default loan, simple like that.
It is a reasonable request after 5 months wait.
Do not talk about how much loan on the book as it is nothing to do with this default loan.
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agent69
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Post by agent69 on Jul 23, 2018 7:30:32 GMT
But the other 90% would be on the SM if there was any chance of it selling Cobblers 17% of my MT loans are in default and 60% unsellable due to the length of the SM queue. That's nearly 80% that I would ditch straight away if I could
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averageguy
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Post by averageguy on Jul 23, 2018 8:43:18 GMT
17% of my MT loans are in default and 60% unsellable due to the length of the SM queue. That's nearly 80% that I would ditch straight away if I could Couple of posts above yours by amwinv answers it nicely
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averageguy
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Post by averageguy on Jul 23, 2018 8:44:56 GMT
I think agent69 had their tongue firmly against their cheek........ Ah...we need a cheek emoji
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agent69
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Post by agent69 on Jul 23, 2018 9:39:07 GMT
17% of my MT loans are in default and 60% unsellable due to the length of the SM queue. That's nearly 80% that I would ditch straight away if I could Couple of posts above yours by amwinv answers it nicely Answers what nicely? I didn't ask any questions
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averageguy
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Post by averageguy on Jul 23, 2018 10:00:06 GMT
Couple of posts above yours by amwinv answers it nicely Answers what nicely? I didn't ask any questions Ok have it as you wish.....his reply sums it up nicely imho
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