Isn’t this the latest update on this pool? Basically, there is a liquidation process going on and the assets should be liquidated by Q4 2024
Hi @hepp @Sefigo I can help answer technical questions about token price or how the Tinlake platform works but I do not have any information about the assets.
The price dropped because the pool’s assets have passed their maturity date without being repaid, and these late assets were automatically marked by the system as late and unpaid. When assets are late, their value is removed from the NAV, impacting the pool’s tranches. This follows a waterfall structure where the junior (TIN) tranche is depleted first, then the senior (DROP) tranche if losses exceed the TIN tranche (you can read more about how the tranches work here).
Note: Branch pool does not have a Mezzanine, only Junior and Senior tranches.
In this case, late assets in the Branch pool completely depleted the TIN tranche (making TIN tokens worth 0 DAI) and nearly halved the DROP tranche value (making DROP tokens worth ~ 0.69 DAI).
If the issuer repays the assets, the value will be restored.
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Well well well, the day we all knew was coming has come… 
I’ve tried to avoid looking at the platform as long as I could but I had to check. I am beyond disappointed in the issuer. He has not communicated in nearly a year. No assets repaid. He has done nothing… Is he even alive?
As I have said earlier we really cant blame the team even though I wish you could get me my money back or somehow force the issuer to make a statement so we understand what is going on and what is to come. If the issuer can let us know the status of these assets in the real world it would go a long way. Maybe they are late onchain but there has been a repayment plan put together or maybe the assets are in default, but this limbo of zero information is not acceptable.
I cant speak for everyone but I know that I certainly did not do nearly enough research into @Fabien, 1754 or Branch. Not doing enough research was a colossal mistake and one I take on myself. Seeing everything that has come out about Fabien, I cant say I am surprised anymore. Has anyone reviewed the subscription agreement or the offering PPM to view our options? I am digging in 
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This is Eden P. Quainton, counsel to Davoa and 1754. Please note that this is a public forum on which parties to private placements, including those involving CFG Foundation and its representatives, 1754 and Davoa, do not and should not publicly comment. However, we can confirm that 1754 1 has made payments to its creditors and that 1754 3 is on track to wind up its affairs by the end of Q4 2024. Please direct any questions to mo@1754.finance.
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Did I get it right that investors into 1754 Branch 3 (senior tranche) are expected to receive approx. 69% of their initial investment back by the end of Q4/2024 if the pool is not repaid? Can someone please confirm this is how it looks at the moment?
I simply have to repeat how big of a disappointment is CFG team’s leaving their OG investors at bay and not providing any updates or communication platform with updates. I’m part of some other class actions and the team always managed to find a way how to inform and update their investors.
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We all felt the same. They said they are just middleware, so my question is: does that stop you from getting updates from the issuer? Or is it because of the ‘DAO’ stopping you from getting information from the issuer that is dragging our funds? We invested through the Centrifuge website, they made us feel like we were investing directly in 1754; it has nothing to do with them. Anyway, the email you saw up there is another dead address that nobody replies to, so here’s the only place you will get updates
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Yeah, @equainton can’t be serious if he is really suggesting to write to mo@1754.finance He is the first to know that it is a dead address and complete waste of time to ask any questions there.
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4 months have went by since the last post on this forum thread.
Is there any update regarding our stolen funds?
It’s funny and pathetic that all investors have no clue what’s happening and have to chase for updates from time to time. When you ask Centrifuge, they’ll tell you that you signed an agreement with the issuer, and it has nothing to do with them—email the issuer. But when you email the issuer, nobody replies. None of this happened when I invested with Goldfinch and Maple Finance; they always communicated with the issuer and provided updates to investors. Scroll up, and you’ll see the counsel mentioned they would repay by the end of the year, so I’ll just wait, but I’m not putting much hope into it. The chances of getting our funds back are very slim. I warned about this two years ago when I saw they kept making false promises again and again.
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Why did you delete your post, bro? I think it described the current state of things correctly.
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It’s probably banned/removed by a mod.
I have a friend who got permanently banned from this board due to ‘bad attitude’ when he was just speaking the truth haha
Glad to see your post back up again. I completely agree with you. How Goldfinch and Maple treat their investors in similar situations is incomparable. No hiding behind DAO, no lame excuses, no suggestions to reach out to an email address where everyone knows nobody will ever reply from… It is such a shame Centrifuge can’t get at least close to them with regards to transparency and effort to help their investors who were impacted.
I’m also giving them time until end of the year and if nothing happens I’ll ask my lawyers to do their job.
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I think you misunderstood my previous comment. Please re-read it again. I didn’t talk about my posts at all. I asked @hepp why his post suddenly disappeared (hence I asked why he deleted it and that’s why I replied directly to him and reacted to his post - and later added another reaction). It really was removed for a while but re-appeared again later.
Are there any news on this? Q4 has passed already!
I checked the Delaware Court case update (CFG Services, Ltd vs. Davoa Capital, LP) and asked ChatGPT to summarize the case status and progress. This is the current status for anyone who is interested.
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there we go, once again complete silence after another deadline passed, no update, no explanation Investors have to chase for update endlessly. this feels more like a night market investment. totally unprofessional
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Thanks for this. It looks positive.
Judgment for $1.018,531.98 entered on July 16, 2024.
Are all investors holding BRDROP tokens covered by this judgment, or just investors in Series 1 and 2? Is the judgment intended to cover CFG’s losses only?
What steps should investors in Branch Series 3 be taking? If the legal action noted above does not pertain to Series 3, is anyone (CFG Services LTD. for sample), planning to sue in respect Series 3 losses? Some guidance would be appreciated.
Also, as a courtesy, perhaps the plaintiff, CFG Services Ltd., could post periodic updates here?
zaatar
@zaatar Please note that the Delaware litigation CFG Services, Ltd vs. Davoa Capital, LP is unrelated to the 1754 Factory LLC pools. There are different legal entities involved.
We can confirm that CFG Services Ltd has not received any payment of any kind from Davoa Capital LP despite the judgment award you have cited above.
We will post periodic updates when we have public information that can be shared. We will not post non-public information to this forum.
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do you have any update?
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