Nera Capital investors — time to stop waiting quietly?
15 weeks, zero payment. Interest, principal, nothing. "Final stages" of a term sheet since June 15 — still unsigned two weeks later.
Meanwhile Nera Capital Ltd is announcing new $75M funds and a "$1 billion" portfolio milestone on LinkedIn. Money is clearly moving somewhere — just not toward us.
Worth knowing: the SPV holding our notes had under £1M cash against £59M owed in its last filed accounts. The secondary market won't touch these notes even at 30% off. And Mintos itself admits it can't verify the SRA review independently — everything we've heard comes from the law firms who owe the money.
If you're affected and want to compare notes, reply below. Worth deciding together what's next: Trustpilot, a Latvijas Banka complaint, maybe a journalist.
Mintos's next update lands ~July 13. If there's still no signed term sheet by then, polite patience isn't a strategy anymore.
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It’s a shell lending to a shell. What nera makes is irrelevant.
Regulator won’t move, terms are compliant,Bite the bone and accept you have 0 control on what is happening, it won’t turn as bad as many fear around here.
Planet42 was a lost cause 2 years ago and it’s now over 70% back. Is it irritating, absolutely.
Can it be changed, no…
Welcome to that tranche of investment 🤷🏻♂️🤣0
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