madpierre
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Post by madpierre on Dec 8, 2015 16:23:04 GMT
This is a nonsense. The original post on this thread laid out a perfectly sensible way of operating, with any pledges over £2000 clearly stated as being pointless. Are you now saying that someone pledging £10k (and funding their account with £10k) will receive 5 times as much as someone who stuck to the rules you posted and only pledged the £2000 maximum? Me thinks the deep-pocket lobby has been in over-drive since Andy's original email Ahem
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jonno
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nil satis nisi optimum
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Post by jonno on Dec 8, 2015 16:25:57 GMT
Me thinks the deep-pocket lobby has been in over-drive since Andy's original email Ahem Are you suggesting I've already answered my own question? Must put the whisky down
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stevio
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Post by stevio on Dec 8, 2015 16:27:07 GMT
Hi guys Thought I would interject here. This is something new that is being done on the fly to avoid what happened last time and also give more flexibility on other loans in the future. It is using a feature that wasn't designed for it, but will be changed to accommodate loans such as these. There won't be any gaming of the system, we will allocate on a fair basis and it would be great if you could bear with us on this. Like andy said, it won't be the last one, so your feedback is very welcome and is being taken on board... Or we would have just done fast fingers again!! Keep your feedback coming for future uses of this feature and we will,as always take it on board. Regards Ablrate I don't think anyone minds tweaking the system afterwards, I think people don't like the system being changed almost mid way through
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ianj
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Post by ianj on Dec 8, 2015 16:28:58 GMT
Continuing a Carrollian theme initiated elsewhere..... Confusion is rife, so ablrateandy pronounces a 'last clarification'.
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madpierre
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Post by madpierre on Dec 8, 2015 16:35:46 GMT
Ahem Are you suggesting I've already answered my own question? Must put the whisky down Just playful humour following my remarks yesterday
I'll happily finish off your whisky though
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Post by wildlife2 on Dec 8, 2015 16:40:10 GMT
I think the confusion is about the pledge button being pressed too many times in excitment of a new loan, which took the max limit over the £2000 for some.
( I calmly pressed just once, so I'm hoping that worked )
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Post by yorkshireman on Dec 8, 2015 20:46:25 GMT
If I get a fair share by not being excluded by those with deep pockets and fast fingers then I’ll be happy.
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blender
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Post by blender on Dec 8, 2015 22:34:17 GMT
I think I would prefer to keep well away from people with deep pockets and fast fingers.
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Post by yorkshireman on Dec 9, 2015 8:14:03 GMT
I think I would prefer to keep well away from people with deep pockets and fast fingers. Very wise.
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jonno
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nil satis nisi optimum
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Post by jonno on Dec 9, 2015 9:51:37 GMT
Hi guys Thought I would interject here. This is something new that is being done on the fly to avoid what happened last time and also give more flexibility on other loans in the future. It is using a feature that wasn't designed for it, but will be changed to accommodate loans such as these. There won't be any gaming of the system, we will allocate on a fair basis and it would be great if you could bear with us on this. Like andy said, it won't be the last one, so your feedback is very welcome and is being taken on board... Or we would have just done fast fingers again!! Keep your feedback coming for future uses of this feature and we will,as always take it on board. Regards Ablrate Thanks for the feedback I think we all know that you're doing your best to balance many views. However,can you please clarify one particular point that is puzzling me and probably many others. Why did the original email explicitly state that it would "be futile" to BID in excess of £2000 (which seemed clear and fair) and was then turned completely on its head in subsequent comms? Any prospect of you giving an answer to this please?
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Post by ablrateandy on Dec 9, 2015 10:18:49 GMT
Yes. We changed our mind on the procedure before sending out the official communication on the deal. Subsequently we clarified and re-stated the procedure to ensure that the procedure that we were using was clear.
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jonno
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Post by jonno on Dec 9, 2015 10:25:12 GMT
Yes. We changed our mind on the procedure before sending out the official communication on the deal. Subsequently we clarified and re-stated the procedure to ensure that the procedure that we were using was clear. Thank you, but could you share the rational behind your change of mind please.
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ianj
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Post by ianj on Dec 9, 2015 10:41:20 GMT
Yes. We changed our mind on the procedure before sending out the official communication on the deal. Subsequently we clarified and re-stated the procedure to ensure that the procedure that we were using was clear. The problem was that it was, as can be guaged by comments posted, manifestly unclear for quite a while! "We've changed our minds" displayed prominently could have prevented much frustration. It didn't help that, at no time, did you give any explanation as to:- . why there was a change of approach . the mechanism by which allocations would be made (how will discarded over-pledging be handled). You say it will be 'fair' but don't let the us judge for ourselves Poor communication is poor PR - as other platforms on this Forum would be able to confirm.
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SteveT
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Post by SteveT on Dec 9, 2015 10:47:14 GMT
Well I've pledged the maximum £2000 that we were told would be taken account of. My judgement of the fairness (or otherwise) of this new process will hinge on what size of loan part that gets me. With 45 mins left, the auction is closing on 400% funded so, if the allocation process is fair, I'm expecting ball-park £500 ... It ought to be more than that if those that have ignored the £2000 limit are pegged back they should be.
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blender
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Post by blender on Dec 9, 2015 10:51:31 GMT
Well I've pledged the maximum £2000 that we were told would be taken account of. My judgement of the fairness (or otherwise) of this new process will hinge on what size of loan part that gets me. With 45 mins left, the auction is closing on 400% funded so, if the allocation process is fair, I'm expecting ball-park £500 ... That should be Ok because the 400% includes all the pledges.
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