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Bugerov, and any others. I just wrote to Audley Funding Plc at ir@audleyfunding.com and received back just now an email that starts "I apologise that this is a standard letter ....". The email at least tells me that they indeed will represent the debt of the Audley Funding bonds and are in touch and monitoring things with Begbies Traynor. If anyone is interested, one can write at that address and I'm sure receive the detailed reply from Audley Funding Plc. It is at least something.
Bugerov, thanks very much for the information which is, regrettably, what I am learning. Which is that there is very little information that is easy to be had. I am hoping my broker can learn more but at the outset, again like you, they know less than I. I have learned from one source at Begbies Traynor that the Audley Funding Plc bond may be held at Truva Trustees (and gave me an email address) but when I wrote them they failed to tell me if they indeed were where the bonds were domiciled. I am trying to find out who will represent the debt with the Administrators. I've just now written ir@audleyfunding.com who Truva says I should contact because they are "...in discussion with the administrator and best placed to provide you with the relevant information. ". I will post here if I learn anything.
Nickkdog. No sadly, heard nothing. I spoke to my broker about a week ago who knew less than I did. I couldn't find anything on Begbies Traynor's website, so e-mailed them (yesterday) for the latest and to ask where updates can be found as the situation develops. I'll share any response on here.
I found the following (unsurprising statement) re the dividend due to be paid ~27 Aug on www.investegate.co.uk:
'The Issuer announces that interest due on the Series 2017-F2 Notes on 27 August 2021 has not been made to holders of the Series 2017-F2 Notes.
The assets and security backing the Series 2017-F2 Notes is described in the Investment Memorandum dated 14 May 2018 as supplemented and amended in the manner described in the notice to Noteholders dated 9 April 2020 and principally consists of loans and related security made by the Issuer to NQ Minerals PLC (the "Borrower").
As a result of the non-payment of amounts by the Borrower to the Issuer, the Issuer currently has insufficient funds to meet its obligations under the Series 2017-F2 Notes.'
Regards... Bugerov
Would be very interested to hear from other investors who bought NQ bonds, Audley Funding and others. I have tried to write to the company, Bedford Row Capital, that the Administrators, Begbies Traynor, have told bond holders of Audley to write to but after 3 attempts and no answer from them, I am wondering what the hell is going on. Does anyone have any info?
I know from your earlier posts Bugerov that you were a bondholder. Have you heard anything?