We've touched base with ETC.
We will now think about the situation and no doubt have further discussions with them.
That will not be until after 30th September.
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Previously on "Felicitas recalling loans - going on the offensive"
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Originally posted by GregRickshaw View PostWhat happened there?
See posts #19 and #20
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Smite them.
What they're asking for from me isn't even that much compared to others but I'll still pay towards their demise. Vultures.
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Originally posted by DealorNoDeal View PostIs "going on the offensive" against Felicitas a good idea?
I don't know but just asking.
I'm still of the view that their threat of taking people to court, to recover the "debt", may be nothing more than a scare tactic.
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Originally posted by piebaps View PostI don't even think its that much DOND. This is IMHO a speculative punt done on an "if you don't ask, you don't get basis" not unlike the Montpelier repayment requests and we saw what happened there.
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Originally posted by webberg View PostWe do speak with ETC regularly and we will pick this up with them but it will not be until late next week or the week after.
There are perhaps two key issues here.
The first is strategy. We have a view as to where the parties are and what a "good" outcome would be. I'm sure that ETC do as well. Hopefully we will see some synergy there.
The second is cost. We have tried to go with the "high client numbers, low per capita cost" model and to date we are comfortable with that. If ETC are planning a proactive strategy, it may be that that proves too expensive for our clients.
We'll have a chat and see where we get to.
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I don't even think its that much DOND. This is IMHO a speculative punt done on an "if you don't ask, you don't get basis" not unlike the Montpelier repayment requests and we saw what happened there.
Leave a comment:
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Is "going on the offensive" against Felicitas a good idea?
I don't know but just asking.
I'm still of the view that their threat of taking people to court, to recover the "debt", may be nothing more than a scare tactic.
Leave a comment:
-
We do speak with ETC regularly and we will pick this up with them but it will not be until late next week or the week after.
There are perhaps two key issues here.
The first is strategy. We have a view as to where the parties are and what a "good" outcome would be. I'm sure that ETC do as well. Hopefully we will see some synergy there.
The second is cost. We have tried to go with the "high client numbers, low per capita cost" model and to date we are comfortable with that. If ETC are planning a proactive strategy, it may be that that proves too expensive for our clients.
We'll have a chat and see where we get to.
Leave a comment:
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Originally posted by corvetto View PostI've been viewing the forums on this for a while now and joined-up today.
I am now getting help from etc tax and they sent me an email on Friday about going on the offensive against Felicitas and the trustees with a barrister they are teaming up with. Looks like we need the numbers to keep the costs down, so putting this out there.
corvy
Leave a comment:
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Felicitas recalling loans - going on the offensive
I've been viewing the forums on this for a while now and joined-up today.
I am now getting help from etc tax and they sent me an email on Friday about going on the offensive against Felicitas and the trustees with a barrister they are teaming up with. Looks like we need the numbers to keep the costs down, so putting this out there.
corvyTags: None
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