The Lemon Fool

I hesitate to post on this board as I'm tweaking the rules a bit, but where else should it go?

I've just been sent a gift voucher with a difference.

Http://masterofmalt.com gift vouchers never expire. Not only that but they pay interest: their value increases by 5% a year. Mine is worth £50.08 today.

And they can be redeemed by the person who bought them. I think that makes them pretty much a bond? With the proviso that the T and C's could change at any time.

Midsmartin wrote:And they can be redeemed by the person who bought them

- redeemed for cash?

-sd

Redeemed against any product available on the site - so not a bond.
T&Cs are here :- https://www.masterofmalt.com/c/the-lega ... ers-terms/

Midsmartin wrote:I hesitate to post on this board as I'm tweaking the rules a bit, but where else should it go?

I've just been sent a gift voucher with a difference.

Http://masterofmalt.com gift vouchers never expire. Not only that but they pay interest: their value increases by 5% a year. Mine is worth £50.08 today.

And they can be redeemed by the person who bought them. I think that makes them pretty much a bond? With the proviso that the T and C's could change at any time.

I kind of agree with you, this looks exceptionally dodgy. Struggling to see how this is not a public offering of the company's debt. Fancy contacting the FCA about it??


GS

Reading the T & Cs, the voucher is refundable in cash, but only the face value - not the interest/discount. So the 5% can only be used to purchase booze. I've known worse ways to spend "interest".