|
|
| Author |
Thread Statistics | Show CCP posts - 0 post(s) |
Droodid
Antec Enterprises
60
   |
Posted - 2015.11.29 11:31:33 -
[1] - Quote
I'll fill that 10. Confirm and I'll send ISK to Grendell. |
Droodid
Antec Enterprises
60
|
Posted - 2015.11.30 20:56:25 -
[2] - Quote
Sent. |
Droodid
Antec Enterprises
94
|
Posted - 2016.01.31 16:25:22 -
[3] - Quote
I received interest for December on the 1st January. Perhaps January will be on the 1st February? |
Droodid
Antec Enterprises
94
|
Posted - 2016.02.02 12:51:03 -
[4] - Quote
I've sent wreck 21 a message asking him/her to confirm why interest payment is late. |
Droodid
Antec Enterprises
95
|
Posted - 2016.02.04 10:18:29 -
[5] - Quote
No, have been in touch with Grendell regarding the possible default. No response from him yet. |
Droodid
Antec Enterprises
98
|
Posted - 2016.02.19 17:58:12 -
[6] - Quote
Edwin Rothbard wrote:Stuff
I sent my 10b blindly, absolutely I did. I had no idea what the collateral was, on the other hand I did have Grendell assuring me it was worth 33b ISK, which is 110% collateral. I think you'll find that's standard. This isn't my first rodeo, it is however, my first default since 2009 so I'll take that success rate any day.
I'll take the ISK please/option 2, Grendell. I would have taken the skins, but now everybody knows what the collateral is I'm not interested! |
Droodid
Antec Enterprises
98
|
Posted - 2016.02.25 21:29:53 -
[7] - Quote
Edwin Rothbard wrote:wreck 21 wrote:If you guys get this worked up about someone defaulting on a 30b loan secured @ 110%, I can't imagine how you cope with witnessing actual abuse of power. At no point was the collateral worth 110% of the loan amount. That's not your problem though as that falls on the investors for failure to perform their own due diligence. For those who think that was Grendell's job I would like to point out that in most real-world transactions involving escrow the escrow merely holds the goods, they do not provide due diligence. It's still up to the investors to do their homework.
To be fair I did as much due diligence as I could. Grendell wouldn't tell me what the collateral was, which is fair enough I wouldn't expect him to. Unlike in the "real world", he confirmed that the valuation of the collateral was correct.
Please tell me exactly what else I could have done besides getting in touch with the third party and specifically checking the value of the collateral? Was I supposed to just assume that Grendell was lying to me about the value? |
|
|
| |
|