Lenders per loan may give a better indication of current active users rather than total registered (which will include non-lenders and leavers). Lender trend is down whilst selling is up so the market also provides feedback.
You have suffered a malfunction - you have written a long and pointless post that is in no way relevant to the subject in my post It was entirely relevant and addressing your suggestion that the success of my strategy to date has nothing to do with historical fact when it is a historical fact that my strategy was a successful one for the circumstances of the time and resulted in me avoiding all 20 defaulted loans by selling out early. Also it was far from pointless for me to mention that you have written several times on here recently that you are selling out early - when you have repeatedly criticised me for doing the exact same thing as you.
Defaults can and will occur - if (or when) they occur during term then the SM will likely be paused in line with the requests from the FCA Of course defaults can occur - 20+ already have. I made reference to that. I also made the more important point that the LY defaults policy is changing with effect from 1 Aug 2017, which changes the circumstances in which a loan may default. That is in the future. I have never written about the future or proposed a strategy for the future. None of us even knew about the 1 Aug changes until a short while ago. You are trying to conflate the previous / existing defaults policy with the future, FCA compliant defaults policy. They are totally different and I also made it clear that I am winding down my LY portfolio with a view to exit by the end of the year.
I'm not picking a fight with you; in fact, my OP didn't even quote you (it was in reply elliottm ). You are the one who makes it a hobby to insult those who bother to do DD along with digs aimed directly at me. I think you have suffered a malfunction here. Your post, 2 above, directly quoted me and responded to what I wrote. Otherwise I would not have replied. It is here - p2pindependentforum.com/post/203262/thread
And I have never insulted anybody on here or changed somebody's post to 'pointless' in a quotation. I don't ever insult people, let alone make it a hobby. I would have been, quite rightly, banned if that were the case. Everybody is entitled to their opinion and to adopt their own approach. There is no right or wrong way, or right or wrong strategy. If there was, everybody in the investment world would use the right way and it would be an ever growing tower of unstoppable success for everybody. A world where everyone was a winner, which is an impossibility. I think you should give more respect to the views of others who disagree with you and consider that, sometimes, they may be right and not consider the expression of an alternative point of view to be an insult.
I will leave it there.
* Text in blue written by GeorgeT.
Tbpf 'long and pointless' post could justifiably refer to the similarly waffly elliottm.
When investors were invited to take part in this loan they were advised in the prospectus that "The powerboat will be located in an indoor storage facility when not in use for promotional activities." A race is not per se a promotion. Through racing a business may promote itself but that does not make racing a promotional activity. If it should come to a court of law I am comfortable that a judge would agree with my view of the matter. By agreeing to allowing the boat to race FS is laying itself wide open to litigation from investors should the boat be lost or damaged. To bring FS to its senses needs a court injunction served on the boat owners. That would make a splash!
The boat being lost or damaged might be current best method of repayment via insurance, unleash the beast! 🛥😎
The 4 remaining loans are not overdue yet and I tend to trust that they will be repaid on specified dates. The loans are still secured.
df whilst the loans aren't overdue my concern is that the loans are no longer secured. I believe all the security that was recoverable has been and will be apportioned accordingly. This will leave an outstanding balance which appears to be held against a promise, or am I missing something.
There would have been a final car inventory list for each loan, where the cars are not physically recovered the directors are currently committed to providing their monetary values.