Balder
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NDA
Aug 18, 2018 10:37:54 GMT
ozboy likes this
Post by Balder on Aug 18, 2018 10:37:54 GMT
So a question.
Can anyone who met Lendy at Cowes and signed the NDA make any comment, simply:-
More likely to invest
Less likely to invest
Or the same.
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Balder
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NDA
Aug 19, 2018 11:29:13 GMT
Post by Balder on Aug 19, 2018 11:29:13 GMT
Or was the NDA that draconian, if so adds more to my concerns!
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NDA
Aug 19, 2018 14:11:13 GMT
ozboy likes this
Post by loftankerman on Aug 19, 2018 14:11:13 GMT
They're probably hoping to cut back on potential adverse traffic on TP and here, should anyone be sober enough to see through the champagne haze and call them out.
They'd never make it stick..."I didn't know what I'd signed m'lud, I'd been drugged."
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69m
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Post by 69m on Aug 19, 2018 17:08:04 GMT
The first rule of Cowes Week is: you do not talk about Cowes Week.
This is the first I've heard about NDAs. I'm presuming that they applied only to people attending the Investor Surgery sessions?
If so, it suggests one of two things:
1) Some lenders now know more about the defaulted loans than the rest of us (which wouldn't be right). 2) The face-to-face meetings were actually just as useless as the regular fortnightly updates, hence Lendy's use of NDAs to prevent more public criticism.
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rocky1
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Post by rocky1 on Aug 19, 2018 18:44:07 GMT
who the heck do lendy think they are.they cant even fund the bloody latest tranches of the last unfunded tranches.NDAs,pulling TP reviews,BS updates month after month,cut and paste responces to investors genuine concerns.lendy are a now struggling p2p platform who need to sort out all the sh*t that they through greed ,arrogance,we do what we want attitude have caused.never mind NDAs lendy already operate that one with all current investors and the many non investors hoping to see some capital back one day.lendy get down off your high horse and smell the BS for yourselves.lendy wealth NDAs and all the other sh*t that has been going on for the past couple of years and you expect everybody to continue throwing hard earnt money into your vanity schemes and products.
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ptr120
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NDA
Aug 19, 2018 19:00:24 GMT
Post by ptr120 on Aug 19, 2018 19:00:24 GMT
An NDA with a consumer in this context would very likely be unenforceable (the only remedy being Lendy using their discretion to cease to do further business with the individual). If Lendy have used an NDA to give some investors more information about certain loans than the rest of us, that is if course against FCA guidelines. So, did Lendy ask anyone to sign an NDA, and what did they tell people?
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empirica
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Post by empirica on Aug 19, 2018 19:33:07 GMT
An NDA with a consumer in this context would very likely be unenforceable (the only remedy being Lendy using their discretion to cease to do further business with the individual). If Lendy have used an NDA to give some investors more information about certain loans than the rest of us, that is if course against FCA guidelines. So, did Lendy ask anyone to sign an NDA, and what did they tell people? Interesting point. Can you point me in the direction of the pertinent FCA guideline, please?
Maybe Lendy's defence would be "we're not withholding information, we are quite prepared to pass this information on to any participating loan holder who requests it _ and have stated as such in our newsletters _ on the proviso that an NDA is signed first, with a view to protecting the interests of the other loan holders."
And presumably this only relates to loans that are in default, otherwise there's the thorny issue of SM advantage.
And that leads on to an interesting point about the Wealth products and Lendy managing investments for one cohort and being privy to certain information, whilst another cohort in the same loans doesn't have that information. I wonder what the FCAs view on that is, if indeed it is within their purview?
I've a feeling Lendy haven't told anyone anything that would compromise any given situation one jot. I suspect this talk on their part of NDAs is to try and encourage people to engage with them on their ground, with a view to maintaining a sensible, civil discussion, and are using the old 'pssst, wanna know a secret!?' tactic as a carrot.
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