We are extremely puzzled by some of the ‘facts’ we have so far been able to extract from Liam Collins and David Bone. When pressed, they admitted that their debts amount to “about” £2,000,0000 (two million pounds). They say they have only 150 investors! Or was that 120 investors? There are other upset and angry people who have invested in Collins and Bone. Are you one of them? Please get in touch so we can exchange facts and suggestions. Some obvious questions are:-
1. Where has that £2 million gone?
2. Why are Collins & Bone so anxious to avoid bankruptcy? (Certainly not because they care about us, their investors!)
3. What is the status of Castle and Gatehouse, one of the companies that Liam described to us as offering further security for invested capital and which he claimed to be one of their ‘family businesses’?
4. When we invested, we understood that the loans were to be guaranteed against actual properties bought with cash, but now we are told that both Liam Collins’ and David Bone’s homes, and also all the student rentals they ‘own,’ are fully mortgaged. Were we sold an investment through misrepresentation? This is what we shall be looking at.
Collins & Bone Investors Blog 