SPML/LMC anyone claimed for mis selling and unfair charges?

[MARTIN3030]

MARTIN3030

In order to save repetition of numerous enquiries would you be kind enough to explain what a moderated user is?.Are their posts edited before posting or are they prevented from posting entirely?Your team is the same as the people on here albeit with a great deal more experience and use your own value judgements to say who can and who cannot post.

The founders of this site intended it to be an open forum subscribed for by the users and a democratic platform for the users voice subject of course to proper legal restraint for the good of the site.The users should therefore have a voice and opinion in the censure of any of the members for proper democracy to work here.You have removed one of the most valuable posters here and we are not happy with the reasons why.There is a huge conflict of interest that has been created here and the whole fundamental reason for the sites existence has been in my view and that of many others undermined.It would be therefore in the interests of the site that an open response is posted here for all.From the number of posts and views this must be one of the most important threads on the site.Your response on the open forum would therefore be welcome.In this case I believe it would be appropriate and we will take a vote on it if necessary or/and contact the site founders if you feel this is appropriate.

 

 

 

Yes of course you are entitled to explanation for the points you raise.

 

The site rules applicable are;

 

 

7 ACCOUNT RESTRICTIONS

 

7.1 Users who post anything that is likely to require the intervention of the Site Team (see section 3) may find that their account is restricted in some way.

 

7.1 There are various options available to the Site Team when dealing with users who have broken site rules. These include (but are not restricted to) the removal of individual posts, restriction or removal of the site’s Private Messaging facility, moderation (meaning a user’s posts will be subject to checking prior to them appearing on the forum), and in more serious instances, a user may be banned.

 

7.2 If any action is taken against a user, any subsequent attempt to bypass moderation will result in a ban.

 

 

 

 

 

Very rarely are there any restrictions placed on an account without team input which follow guidance-so these are not decisions of a personal or individual nature-so not taken lightly.

 

 

The user concerned here has not been banned,the restrictions still allow them to post,albeit after first being approved.

The site team cannot be blamed if the user chooses not to post.

 

Site Admin ARE aware of the need that has been created in having to place restrictions here,as indeed earlier in the thread.

 

Can you tell me exactly what you propose to take a vote on ?

 

Anyway I hope that explains your questions.

Insofar as reasons why individual restrictions have been brought about,I am not prepared to discuss it,and in any event,those concerned will have been notified as to the why's and wherefores.

 

If you do wish to contact the site owners,then thats your choice.

[ryde]

Thanks for your time and explanation martin the vote was simply to elicit an open response to our concerns.

You state the user in question has not been stopped from posting but has not posted and that any of his posts must meet prior approval.

As he is one of the most knowledgeable posters on this site and an expert and central to our collective complaints to companies house which were fully legally justified and are now producing real concrete results we would be most grateful if you could remove the restriction on sending him private messages for advice on these ongoing matters of great importance..

[MARTIN3030]

Ok ryde.

I am in agreement with you on this and will see that that function is restored.

[ryde]

Many thanks martin from us all.Paranoia has gone,faith has been fully restored,sorry for any adverse comments, borne entirely of lack of knowledge and consequent frustration.

[MARTIN3030]

Its ok I understand.

I have sent you a pm.

[ryde]

Sced,

 

can you post up Resetfan Ltd, latest accounts?

 

 

 

 

 

 

Makaveli

in da VoJ

 

sced this suddenly appeared for your attention,have reposted in case you missed it.

[MARTIN3030]

That post has been viz already-I saw it there last night.

[ryde]

We must have all missed it as it would have saved all the shenanagins today.

[MARTIN3030]

Maybe I should just add that restricted account postings will stay by date and time posted until approved.

Therefore if a thread continues into a second page and then the waiting approval posts are done-it means that users would not ordinarily see them unless they went back.

You will see that ITBG HAS indeed been posting-but no one appears to have seen it.

[MARTIN3030]

Having checked -I can confirm that this post was deffo approved for viewing on 4th.March.(evening).

[MARTIN3030]

Ok will leave you to it now.

[ryde]

You must be a fellow night owl Martin, I used to work nights many years ago so its like day to me still..

[MARTIN3030]

Yes had a few late ones last few nights and feeling it.

[littledotty27]

ITBG

 

Your inbox is full,please empty then we can make contact with you.

[pt2537]

sced this suddenly appeared for your attention,have reposted in case you missed it.

i approved this post last night, as i didnt see any harm with it, if a user is moderated, then if i see a post that can be approved then i will always approve it

[scedminc]

sced this suddenly appeared for your attention,have reposted in case you missed it.

 

Hi Ryde,

 

Must of missed this one.

 

Attached as requested.

 

Sced.

Reset Fan Accounts.pdf

[scedminc]

It was all written in T & C's that they would be using Capstone for admin. Buried in the small print was that they COULD sell it on. I'm sure if we were factually aware that we'd be left open we just wouldn't have done it. You think you are with a lender. They had the money, they own the title. You just don't expect to be part of this s**t that they sold off and didn't have the money in the first place.

 

Hi Crapstone,

 

I tend to disagree in my case. There is no mention of Capstone being admin in my T&C's. PML used to adminster their own accounts and I took my mortgage out at the transition period to Capstone. It seems they overlooked sending me notification and now they point blank refuse to send me anything. So I point blank refuse to pay a company that claims they administer for PML but payments show on my statement as being made to SPML. Therefore unless they can give me written evidence from PML of assignment then as far as I am concerned I cannot pay as PML provide me with no means. Why should I believe I have to pay Capstone without written assignment any more than I should believe that I have to make payments to yourself. In fact I'd rather pay my money to you then at least I know its going somewhere potentially good. That's not an offer though lol.

 

Sced

 

Sced.

[littledotty27]

Sced

 

Having probs opening the file,keeps coming up with error file could be damaged.

 

Anyone else having problems opening it?

[scedminc]

Sced

 

Having probs opening the file,keeps coming up with error file could be damaged.

 

Anyone else having problems opening it?

 

Hi LD,

 

Seems to be opening fine for me when I click the link.

 

Have re-attached here for you just in case.

 

Sced

Reset Fan Accounts.pdf

[littledotty27]

Thanks Sced,opening fine now

[ryde]

Do you know there was actually more debate on here about LC being absent than when hes actually here.Personally think the Archer argument could just have swung it.Thanks for everyones efforts,hope he appreciates it.

It naievely never occured to me before but all these spvs were set up by lehmans as channels for the investor funds both ways ie notes bought by the investor then interest paid to them from our mortgage repayments via ostensibly the lender to capstone to the spv to the noteholder with percentage profit withdrawn at each step.

So lehmans are the parent of the lender,the administrator and set up the spv plc.So where do all the profits go and into whos pocket when the spv is running profitably?? Lehmans who are bankrupt.? some hidden account?

Edited March 5, 2010 by ryde

[ryde]

So the resetfan accounts on a very quick look as with all the others basically all show theyre skint and moving debt around.Theres no intention to appoint directors to sppl as they owe them 55million for shares in the company,so no directors no demand for the debt.SPPL are therefore as good as gone.

All this lot needs to be set out on a big spreadsheet who owes what to who it seems to me the only way theyre all trading is because of the intercompany debt if it was all called in it would probably add up to a great big minus so theyre all trading whilst insolvent.Theyve just shifted funds and issued unpaid for shares to keep the whole lot superficially afloat.What a tangled web.

 

On a lighter note did Rooster uk start this thread ?:Got an old Egg Agreement (Pre 2005) then have a look here

Edited March 5, 2010 by ryde

[ryde]

re resetfans accounts EXTRACTED statements in bold

The company is the sole shareholder of sppl which has no directors ,in its capacity as sole shareholder the company has determined that there is no prospect of sppl demanding repayment of the debt in the immediate future.

The investment in sppl includes 55million in preference shares which the company has not yet paid for.(and which will never be demanded)

IN OTHER WORDS 55MILLION WROTE OFF THE BALANCE SHEET TO A DEFUNCT COMPANY WHO HAVE NOW LED ALL THEIR CUSTOMERS IE YOU TO BELIEVE THAT YOUR LOAN HAS BEEN TRANSFERRED TO CAPSTONE OR SPML.THIS IS THE REASON NO ACCOUNTS HAVE BEEN SUBMITTED OR DIRECTORS APPOINTED OR EVER WILL BE.

 

THE COMPANY ARE ALSO 100% SHAREHOLDERS IN MANY OF THE SPVS.

On 29th August 2008 the company resolved to increase the allotted share capital to £1 billion 1 on the same date the company issued £25 million ordinary shares fully allotted and paid up for by Mable commercial funding.

(What impeccable timing.)

I WAS UNDER THE IMPRESSION THAT IT WAS A CRIMINAL OFFENCE TO DISPOSE OF ASSETS KNOWING OF IMPENDING BANKRUPTCY WHICH HAPPENED 3 WEEKS LATER!The ink was barely dry on the cheque.

 

 

Dates when the various entities went into admin.

Lehman Brothers Limited - 15 Sept 2008

Lehman Brothers Holdings PLC - 15 Sept 2008

LB UK Re Holdings Limited - 15 Sept 2008

Lehman Brothers International (Europe) - 15 Sept 2008

Storm Funding Limited - 23 Sept 2008

Mable Commercial Funding Limited - 23 Sept 2008 ----3 WEEKS AFTER RINSING AWAY 25million

Lehman Brothers Europe Limited - 23 Sept 2008

Lehman Brothers UK Holdings Ltd - 29 Sept 2008

LB UK Financing Ltd - 2 Oct 2008

LB SF No. 1 - 2 Oct 2008

 

Does anyone smell a rat or a shipfull?

Edited March 5, 2010 by ryde

[littledotty27]

I smell plenty of rats Ryde & more than a shipfull!!

Edited March 5, 2010 by littledotty27

[I'm the bad guy?]

..will give update, shortly.

 

 

 

 

 

 

 

 

 

 

Makaveli

KwA