Administrative failures
Nera Capital loans are still recorded as having interest paid for April and May (in some cases partially in arrears), whilst no payments have actually been made. Furthermore, no interest is being added to notes that are still running as normal, which constitutes a form of fraud. Loan holders are entitled to view the outstanding balances held with Nera Capital. These balances must be properly recorded.
This now also applies for the majority of Imagina Leasing notes, for which the July interest payments have not been recorded (as pending). Once again, Mintos is showing no sign of acting in the interests of its clients, or its administrative system is failing completely. In both cases, it is time for the regulator to intervene.
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I agree, @Mintos please take responsbility and explain us what we need to expect for our money.
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Gregor Rosario Vecchi Hi, thank you for reaching out. Good progress has been made regarding Nera, and we are currently finalizing the details. A full update will be published early next week. We appreciate your patience as we work to keep you informed.
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"Patience" and "keep you informed", with the (still ongoing) silence...really pushing the boundaries there :D
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Justin A new Nera update was published on Wednesday, 2 September. You can find it in the Overdue section of your Mintos account.
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Lucja
Okay. We’ve already heard about regarding Nera. But what about EDS? Is there absolutely no news? What about the refunds scheduled for August? The sale of the property? Has it just vanished?
Give us some concrete updates. Thanks.0 -
Lucja (Mintos) Thanks for the heads up; but where *exactly* do I find the info? Not sure what you're referring to by Overdue Section. Thanks!
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Hi Laura, This is the update that you can find in the loans overdue section of your private area clicking on the nera raw 'negotiating' link: https://www.mintos.com/en/overdue-payment-updates-nera/
Thanks Lucja, can you give us an ETA on when we can expect to see some few money flowing back from Nera to our portfolio?
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Una stima?? Non scherzare.
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@ Rosario, a sweet question of which I doubt you get an answer. Mintos has put all Notes in longtime overdue, even the ones that are running till mid january (legally illegal I believe) but it does give an indication about repayment to my idea. I guess you won't see any money at least not before February 27. Probably later. Mintos is not transparent about what kind of deals they are exactly making with NC, so This can also be a pretention of working on it without any guarantee.
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Hi, thank you for following up. We are actively managing the Easy Debt Service case, with ongoing discussions covering both outstanding payments and the property sale proceeds. We will share a full update as soon as we have confirmed information to communicate (the aim is to share the update this week). This remains a priority for our team.
Regarding Nera, we don't have an ETA for repayments at this stage. We're finalizing the remaining steps of the restructuring and will share an update once that's done.0
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