rogerbu
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Post by rogerbu on Dec 18, 2015 14:56:15 GMT
MoneyThing. Ed, I note the following in your latest email 'The remaining balance of the renewed loans will be made available to all other lenders when they go live.'. Does this mean that you have implemented a rule that existing holders of that loan can't bid as well during the initial 24 hours?
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davex
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Post by davex on Dec 18, 2015 15:05:36 GMT
As a newcomer i would hope that is the case, but think not.
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rogerbu
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Likes: 213
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Post by rogerbu on Dec 20, 2015 9:47:42 GMT
MoneyThing . Ed, I note the following in your latest email 'The remaining balance of the renewed loans will be made available to all other lenders when they go live.'. Does this mean that you have implemented a rule that existing holders of that loan can't bid as well during the initial 24 hours? Ed. Do you have an answer to this question? Thanks
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Post by MoneyThing on Dec 20, 2015 9:54:08 GMT
MoneyThing . Ed, I note the following in your latest email 'The remaining balance of the renewed loans will be made available to all other lenders when they go live.'. Does this mean that you have implemented a rule that existing holders of that loan can't bid as well during the initial 24 hours? Ed. Do you have an answer to this question? Thanks Morning. Apologies for missing this. Unfortunately, the platform does not have the ability to restrict renewal balances to non-invested investors only. As such, balances are available to all investors. Regards, Ed
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ben
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Post by ben on Dec 20, 2015 10:23:28 GMT
MoneyThing Ed. Do you have an answer to this question? Thanks Morning. Apologies for missing this. Unfortunately, the platform does not have the ability to restrict renewal balances to non-invested investors only. As such, balances are available to all investors. Regards, Ed I think it works fine the way it is, plus with the new ones coming up should be plenty for everyone
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Post by Butch Cassidy on Dec 20, 2015 10:44:54 GMT
As a newcomer i would hope that is the case, but think not. A brief recap of the history of these rollover loans; Initially they were envisaged to be 12 month loans but as investors expressed concerns about this length of commitment on a new/young platform (with no prospect of exit) a break clause at 6 months was given as a compromise to allow the release of funds, unfortunately for new lenders not many original investors want to lapse their holdings. Since then MT have grown at a phenomenal rate & have uniquely remained "in listening mode" to the needs of their investors & have managed to implement a SM (largely due to the amazing workrate & dedication of Shaung - not sure he ever sleeps/eats/stops working) this makes the original structure effectively redundant.
Whilst I can understand the frustration of newer investors who are understandably keen to increase their investment in such a fantastic platform the answer lies in more & larger loans which ED & his team seem to be in the process of providing. I want to express my admiration & thanks to Ed & the whole team for giving investors the opportunity to invest in the best p2p platform bar none & hope that as they continue to grow they maintain the same values & KISS principles that have been demonstrated over the last year. Wishing everyone a Merry Xmas & even more prosperous New Year.
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ben
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Post by ben on Dec 20, 2015 11:10:34 GMT
I think MT should just keep it nice and simple, the site works fine it is still going and you will have time to invest in the future in plenty of other loans, the thing is to be patient if you want to diversify across multiple loans unfortunately you can not do it in an afternoon
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rogerbu
Member of DD Central
Posts: 398
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Post by rogerbu on Dec 20, 2015 12:01:07 GMT
MoneyThing Ed. Do you have an answer to this question? Thanks Morning. Apologies for missing this. Unfortunately, the platform does not have the ability to restrict renewal balances to non-invested investors only. As such, balances are available to all investors. Regards, Ed Thanks Ed. Like others above, I am also happy that the (simple) status quo remain. I asked the question as it seemed from your email that a change had occurred and I wanted clarity.
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