London Capital and Finance

Supercalafragalistic

Sledger wrote: »

Is that a real LCF post or have you made it up ?? If its real can you please forward the source and link. I have been struggling to add arttachnments when this URL pops up and am non the wiser cheers

Sledger ...its a real one. Well 3 ones.

Supercalafragalistic

Masonic, apologies,

Supercalafragalistic

Sledger..here we go

sully1311

Supercalafragalistic wrote: »

Sledger..heres thant facebook link again...dont know if it will work
https://www.facebook.com/groups/2287487818147428/permalink/2307602372802639/?hc_location=ufi

Its from the london capital and finance page for bondholders

The link won't work because the vast majority of us aren't in the group as it's a closed group.

Supercalafragalistic

Supercalafragalistic wrote: »

Sledger ...its a real one. Well 3 ones. Its from texts to a bondholder from 2 different people at surge./lcf or whoever dealt with the enquiries. I got rid of the ladies name who received it and the people who sent it for privacy.
I tried to put a link on earlier to facebook bondholders group, but, i think it was masonic on here, couldnt open it as 8 think you have to be a member?.

Sledger wrote: »

Can you please redo tghe link as get this Sorry, this page isn't available.
The link you followed may be broken, or the page may have been removed. Go back to Instagram.

sully1311 wrote: »

The link won't work because the vast majority of us aren't in the group as it's a closed group.

Not a lot i can do then.

Botheredin

Sledger wrote: »

Can you please redo tghe link as get this Sorry, this page isn't available.
The link you followed may be broken, or the page may have been removed. Go back to Instagram.

Unsurprisingly it has been taken down in the same fashion all of the other characters social media involved in this has been. One wonders why?...

Supercalafragalistic

Ive done all i can on this,p, re typing it out word for word and not mentioning the lady investors name.

verybigchris

Supercalafragalistic wrote: »

... our corporate loans as verified by PricewaterhouseCoopers who audit our accounts....

I hadn't realised they'd switched auditors: PWC in the accounts to 2016, then E&Y just did the final year. Ordinarily I'd not read too much into that (I'm on my third in five years) but given the circumstances you can't help but wonder what the motive was for the change.

jimjames

The FT have now named 2 of the 4 people arrested by the SFO. Curious that they don't name the other 2 people

https://www.ft.com/content/e44379a6-4b31-11e9-8b7f-d49067e0f50d?desktop=true&segmentId=d8d3e364-5197-20eb-17cf-2437841d178a#myft:notification:instant-email:content

Another associated person previously worked for Kent police and arranged to sponsor their rugby team

https://damn-lies-and-statistics.blogspot.com/2019/03/sfo-arrests-not-careless-surge.html

londoninvestor

Malthusian wrote: »

No, the ISA rules are very clear, non-transferable securities are ineligible. If they're non-transferable securities then they're not allowed to be held in IFISAs. Hopefully the investments you are talking about are in reality transferable. Don't most P2P platforms allow you to flog your bonds to others via the platform?

IFISA rules.

Three things are eligible for inclusion:
- peer-to-peer loans
- crowdfunding debentures
- cash

Crowdfunding debentures are required to be transferable. Peer-to-peer loans are not, but:

HMRC wrote:

Eligible peer-to-peer loans are facilitated by an operator authorised within the meaning of section 31(1)(a) or (c) of, or Schedule 5 to, the Financial Services and Markets Act 2000.

The operator must have permission, other than interim permission under Chapter 4 of Part 8 of the Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No. 2) Order 2013 to carry on one or more of the activities specified in Articles 36H (operating an electronic system in relation to lending) and 39G (debt administration).

Which Funding Circle etc are, but LCF clearly wasn't.