paulgul
Member of DD Central
Posts: 401
Likes: 92
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Post by paulgul on Sept 24, 2015 10:28:27 GMT
Shame it's not going ahead (email just arrived) but I think it reaffirms my confidence in the platform My thoughts exactly - no point in going ahead if Ed wasn't 100% happy and confident
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webwiz
Posts: 1,133
Likes: 210
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Post by webwiz on Sept 24, 2015 10:36:49 GMT
A real shame for Ed after having invested so much time. I am sure that all lenders really appreciate his efforts and integrity.
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james
Posts: 2,205
Likes: 955
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Post by james on Sept 24, 2015 11:26:39 GMT
Thanks for taking the decision to walk away when necessary. A very good sign for the future, even if not nice to do.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 10,888
Likes: 11,110
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Post by ilmoro on Sept 24, 2015 11:32:20 GMT
Will you still be looking to help them borrow through another platform as indicated in the initial email? So moving on - new partner? Likely to come to fruition shortly? Apparently roughly 4-5mil cash just waiting to flow your way
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Post by MoneyThing on Sept 24, 2015 11:54:30 GMT
Will you still be looking to help them borrow through another platform as indicated in the initial email? So moving on - new partner? Likely to come to fruition shortly? Apparently roughly 4-5mil cash just waiting to flow your way Afternoon ilmoro, I did say that, however it was more on the basis that if MoneyThing couldn't raise sufficient funds to take on a loan of this size and therefore would pass it onto a another platform/provider who could. Having now gone through all the detail and come to the conclusions that we have drawn, I wouldn't be comfortable passing this onto another platform. I also think that because of the complexity of the deal, I think it is more appropriate for a different type of lender to take on specifically one with perhaps a few large private investors who can see the full disclosure of the loan particulars & borrowers under an NDA. I will post an update on loan/partner progress later this afternoon.... Kind regards, Ed
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jonbvn
Member of DD Central
Posts: 326
Likes: 95
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Post by jonbvn on Sept 24, 2015 14:12:41 GMT
Although it is a pity the loan did not come to fruition, I appreciate the effort that went into the DD.
Remember - get rich slowly!
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woodie
Member of DD Central
Posts: 120
Likes: 78
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Post by woodie on Sept 26, 2015 19:59:43 GMT
Just got up to date re. mega loan ... well done Ed for walking away ... confidence in platform increases.
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