4 Comments

  1. Malthusian
    November 20, 2019 @ 10:15 am

    “If the investors vote for the Liquidation instead of the Administration on 25th November, the £33 million comes off the table and the Buyback investors will not get their money back.”

    Not true, according to https://safeorscam.net/park-first-administrator-is-guilty-of-misinforming-creditors/. The £33 million has been ringfenced on the order of the FCA and will be available regardless of what the creditors vote for.

    From your previous article: “By comparison, Toby Whittaker’s Park First looks a much better bet. The only things that could possibly go wrong are that Glasgow, Gatwick and Luton airports get shut down, or that Elon Musk will invent a Tesla that will drive itself home alone from the airport. ”

    Or that Park First fails to generate enough earnings to pay 8% to investors year after year, *after* all the commissions paid to unregulated introducers, and all the money Toby Whittaker extracts from it, and all other costs. The paragraph above is exactly the kind of nonsense that causes people to fall for scams. “It’s property so it must be safe as houses.” “People always need wood so investing in Brazilian forestry can’t go wrong.”

    Why are you defending this Ponzi scam?

    Why do you think that leaving the ringleader of the Ponzi scam in charge is going to result in a better outcome for creditors than winding it up and maximising recoveries?

    Reply

  2. Peter
    November 20, 2019 @ 4:15 pm

    Who actually wrote this article.
    If the company goes into liquidation then TM loses it and the assets are sold off. The £33 million is ring fenced by the FCA.

    The admistrator will sell or give back control of the business TW. That is totally unacceptable

    Reply

  3. Neil
    November 21, 2019 @ 6:25 am

    This article is very inaccurate! The FCA had confirmed the £33m is available to investors no matter what! Why is the author misleading the readers/investors that don’t know the details??

    Reply

  4. Ex-Member
    November 26, 2019 @ 2:11 pm

    This post here – https://bondreview.co.uk/2019/11/22/park-first-administrators-block-rival-administrator-from-making-their-case-to-investors/#comments – by Brev, on the same topic, seems to conclude this article here, is “nonsense” …. but as I have said before, pension-life.com often reports inaccurate info, rarely does its homework, and often doesn’t really understand the topic it reports on.

    And members of this site pay handsomely for this – annually!

    Ask yourself, why have there been no successes since this “so called class action” started? Maybe there never was a class action?

    Reply

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