Planet 42 update

Ugo

• May 08, 2026 08:48

The latest comment below from Mintos regarding Planet 42 reveals two things:
1. Mintos has absolutely no influence or power to recover investors’ money. They hold their hand out and almost pissing in their pants to ask for repayment.
2. It is fabricating a story to deflect investors’ complaints. 

The company has not made payments for the last three months. In April, we were informed that another secured creditor had also not received payment. We are currently observing a change in the company’s willingness to engage constructively. As a result, we are consulting with other secured creditors and legal counsel to determine the best course of action.
Until concrete next steps are agreed upon, we will limit further updates to avoid compromising potential recovery options of the unpaid amounts.

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  redbullsuechtig

  • May 08, 2026 09:31

  Alivio Capital – no payment for 27 months, excuses, "no news," and "time horizon still being determined."

  Dozarplati – no significant repayment for 14 months, lots of empty talk, and the time horizon keeps getting pushed back.

  Kviku – no repayment for 47 months, also lots of empty talk and "no news since last month."

  And Planet42, well, see Mr. Ugo's post.

  The sentence I can't stand the most, yet always have to read: "No news since last month."

  Okay, Mintos obviously has no influence on geopolitical circumstances. But if Mintos really is as big as they always claim, with millions of investors, then they should damn well at least take a stand with Alivio and Planet42 instead of cowering and stringing their investors along!

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  Ugo

  • May 08, 2026 12:58

  @redbullsuechtig: so true. It's getting worse and worse. Imagine if Nera Capital default, which isn t obvious but no sign or guarantee that it is not going to happen.

  Both Planet 42 and Alivio Capital prefere not to think about the credit crunch I guess, because today they both do business as usual. Mintos is a broker and seems not to care what is happening with your money only care about their own risks(read the annual report). The question is whether  the FCMC (Latvian financial regulator) under the Latvijas Banka is failing to control Mintos. The FCMC may impose fines or even revoke Mintos’s license if it determines that Mintos is engaging in misleading practices or failing to comply with regulatory requirements, particularly with regard to transparency and investor protection. In that case we should gather a lot of investors and file a claim, at least it could open up what Mintos is concretely doing to protect investor's money.

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