These the same team/ thread focus ( clearwell capital) as raising funds on crowdstackers at the moment.. thread went quiet after original comment and hence scratching my head a bit on a yay or nay
(17-11-2018, 12:38 PM)boble000 Wrote: The recent reckless conduct of this quasi P2P lender will result in massive losses!
Any news on this? I used to hold several of their loans on Thincats.
2 other similar companies FCF and Oriel went tits up too, resulting in big losses. Got burnt on Oriel myself.
These type of loans were sold as secured and were anything but secured.
(17-11-2018, 12:38 PM)boble000 Wrote: The recent reckless conduct of this quasi P2P lender will result in massive losses!
Any news on this? I used to hold several of their loans on Thincats.
2 other similar companies FCF and Oriel went tits up too, resulting in big losses. Got burnt on Oriel myself.
These type of loans were sold as secured and were anything but secured.
Last I looked all either status 'A' or repaid on TC. I don't know what the IP knows or doesn't know, they never came back with any info, they posted here and in the other place. The last one I have is very nearly repaid, another redeemed recently, no obvious problems (famous last words).