Bond issue

Tikka_49

Anyone heard of RDT Cryptex Mining? They are offering an attractive bond & I wondered if they are genuine?

Keep_pedalling

Rearrange the following words

Barge long touch with don’t a.

AnotherJoe

Tikka_49 wrote: »

Anyone heard of RDT Cryptex Mining? They are offering an attractive bond & I wondered if they are genuine?

Attractive to who? The easily scammed?

Tom99

The fact you have to ask, its called 'Digital Currency Data Center Bonds' and when you try to request an investment brochure you get the message
'There was an error trying to send your message. Please try again later.'
Probably tells you everything you need to know

dunstonh

They are offering an attractive bond

Who says it is attractive?

They are not FCA regulated. So, they do not offer anything that falls within the retail financial services market. They do not quote a companies house reference number on their website and there is no match on companies house when doing a search. Do they even exist?

The address on the website is wrong. Berger House is in a different postcode.
There are 248 companies registered at Berger House. That suggests virtual offices exist in that building. On the list companies registered at that address, RDT Cryptex Mining is not listed (or anything close to that)

It appears they are issuing a loan note (not a bond in the retail sense) offering 9.2% to fund their Oxford datacentre. That means it has a high chance of failure and they have not been able to obtain conventional borrowing and need to offer high rates to get the money. The rate reflects the risk of loss.

DrSyn

They are not a bank or a building society so your money is not protected by the FSCS.

A bond is just a loan to a government or company. If they decide not to return your money, you have a problem!

Their bond is supposed to return a minimum of 9% annual return.

If the largest 100 companies in the UK, can only come up with a yield of 4%. How is this single company (which I have never heard of) going to provide 9%?

I therefore consider this a very high risk investment.

With all the above points in mind and considering what the other posts have written, I do not find this bond attractive in any way!

As you have never heard of the company either, I am surprised you consider this bond attractive.

AnotherJoe

Keep_pedalling wrote: »

Rearrange the following words

Barge long touch with don’t a.

Nope, that doesn't work without the missing word !

TwinB1005

I have only just come across this but felt I must reply even though I could be too late. I know someone who has lost a lot of money with this company. I can definitely confirm it is a scam and if you know anyone who is thinking of investing please let them know.