Azerion Bonds
Recenly on the loans platform I warned people for Azerion bonds. A Dutch pennystock with a bad management, bad contracts and a threat of AI in the internet ads business. Today the 1HY showed a net loss of 20 million and a lowering of the annual turnover prediction with 10 procent. Another misjudgement by Mintos that will probably lead to heavy losses for investors.
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Ugo,
I almost ruined myself with this platform.0 -
Thank you for flagging this. We know it's a concern for investors holding these bonds when an issuer reports difficult results.
We list bonds after an assessment process and monitor issuers on an ongoing basis, but we want to be transparent: high-yield bonds carry credit risk, and that includes the possibility of issuers underperforming. That's why the risk profile is disclosed upfront, and it's worth factoring in when sizing any position.
For questions about your specific holdings or the latest issuer updates, our support team is available to help.0 -
Thank you Lucja for your transparency.I guess you perfectly lay bare why investing in Mintos is not a good idea. Your asset management and contract conditions are that questionable and deplorable but then hé Mintos can always say people it is your own problem we told you so: it is very risky. Surprised that this bussiness strategy did not lead to bankruptcy yet. Too many dumb investors I presume.
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Ugo,
agree. As I said, this is the only one of the ten platforms I invest with that is giving me trouble, and paradoxically, it’s the one with the best historical reputation. Today, I got yet another canned response regarding a default repayment that still hasn't arrived. Where are we investors supposed to turn?0
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