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Post by cashmax on Mar 6, 2019 10:29:09 GMT
Heard a rumour that there were some big changes at Lendy this week. Expected to see something on here TBH, anyone else heard anything?
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Post by picanto on Mar 6, 2019 10:31:54 GMT
Staff changes? They seem to have a very much different staff team to what they had this time last year. But I've not heard anything specifically about this week, but I don't hear much from Lendy these days anyway.
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Post by cashmax on Mar 6, 2019 10:35:29 GMT
I heard (via a friend of a friend who works there) that Lendy continues to operate as normal for now, but the whole exec team are no longer at the helm! No idea how much truth there is in that and it's at least 3rd hand so would have thought that someone else would have heard about it if there is any truth in it.
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Post by picanto on Mar 6, 2019 10:42:00 GMT
I heard (via a friend of a friend who works there) that Lendy continues to operate as normal for now, but the whole exec team are no longer at the helm! No idea how much truth there is in that and it's at least 3rd hand so would have thought that someone else would have heard about it if there is any truth in it. That's strange because it was only early December when Lendy announced a new board on the news section of their website, so have they left Lendy already?
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Post by p2plender on Mar 6, 2019 10:59:09 GMT
How many 'turn up' there now? The execs will be out spending their ill gotten gains.
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Post by mrclondon on Mar 6, 2019 17:31:45 GMT
I heard (via a friend of a friend who works there) that Lendy continues to operate as normal for now, but the whole exec team are no longer at the helm! No idea how much truth there is in that and it's at least 3rd hand so would have thought that someone else would have heard about it if there is any truth in it. That's strange because it was only early December when Lendy announced a new board on the news section of their website, so have they left Lendy already?
And it seems plausible that at least 1 of the 3 newcomers has indeed left already. GA's linkedin profile shows his tenure as Dec 18-Feb 19 (3 months) not "- Present".
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Monetus
Member of DD Central
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Post by Monetus on Mar 6, 2019 17:50:12 GMT
That's strange because it was only early December when Lendy announced a new board on the news section of their website, so have they left Lendy already?
And it seems plausible that at least 1 of the 3 newcomers has indeed left already. GA's linkedin profile shows his tenure as Dec 18-Feb 19 (3 months) not "- Present".
Lendy surely wouldn't fire the board that they hired 3 months ago with much fanfare as part of their new and improved strategy - would they?? 
A glance over LinkedIn seems to suggest a lot of other staff have also been "let go" or left of their own accord over the past few months so I'm really not sure if there are many full-timers left. Is this all part of a new strategy to massively reduce overheads and solely use external contractors for recovery whose fees would theoretically come out of investor returns and not Lendy's own capital in a bid for survival? They seem to have pretty much given up promoting to new investors as their Instagram, Facebook and LinkedIn have been a ghost town since December. Liam's apologetic emails a few months ago were clearly just a load of hot air also based on the new "enhanced" copy and paste communications that we've been receiving. A lot of the loan updates in March don't seem to bear any relationship to the previous month as if they've been written by a total stranger. It's all a very sad state of affairs really... I think we've reached peak Lendy.
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Post by cashmax on Mar 6, 2019 18:22:11 GMT
The information I was given suggested that the whole team, including Liam, we no longer steering the ship. Given that Liam had significant control, I'm not sure how that would be possible without some sort of intervention.
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Monetus
Member of DD Central
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Post by Monetus on Mar 6, 2019 18:31:38 GMT
The information I was given suggested that the whole team, including Liam, we no longer steering the ship. Given that Liam had significant control, I'm not sure how that would be possible without some sort of intervention. 
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Post by picanto on Mar 6, 2019 20:34:07 GMT
If this is true, it is very worrying. Almost feels like Lendy have given up... And if Lendy's board have left then surely we, as investors, should have been informed about this rather than hearing about it through the grapevine?
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nyneil
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Post by nyneil on Mar 6, 2019 20:48:38 GMT
I heard (via a friend of a friend who works there) that Lendy continues to operate as normal for now, but the whole exec team are no longer at the helm! No idea how much truth there is in that and it's at least 3rd hand so would have thought that someone else would have heard about it if there is any truth in it. Sorry to be pedantic, but does "the whole exec team are no longer at the helm", mean that some of them are or none of them are? It rests on the interpretation of "whole"
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invester
P2P Blogger
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Post by invester on Mar 6, 2019 21:14:20 GMT
Wouldn't surprise me at all if the end game is simply trying to log in one day and finding out the site is 'offline for upgrade' a la Collateral. These chumps are not going to give us any notice.
When the money runs out where are they going to turn to? They haven't published an annual report (which they have done for the past couple of years), no doubt because the figures suck.
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Post by cashmax on Mar 6, 2019 21:46:33 GMT
If this is true, it is very worrying. Almost feels like Lendy have given up... And if Lendy's board have left then surely we, as investors, should have been informed about this rather than hearing about it through the grapevine? Just to qualify this, it's a massive Chinese whisper from a staff member, who may well have the wrong end of the stick in the first place. If there is any truth in this I would imagine it will come out quite quickly, it supposedly happened on Monday AM.
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Post by martin44 on Mar 6, 2019 23:04:15 GMT
So who the heck is leading this sinking ship?  |
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Post by loftankerman on Mar 6, 2019 23:44:31 GMT
They've probably stuck the captain's hat on the cabin boy and all b*gg*r*d off in the jolly boat.
In my days at sea in the 1960s I met a Second Mate who told me of an embarrassing situation he had found himself in some time earlier serving on another of our ships. While heading outward bound across Biscay he had noticed a wreck at Biscay's Southern tip. He concluded that the vessel had grounded as a result of them not having allowed for the current driving them into the bay. He roared laughing and pointed this out to the Mate who was about to take over the watch. At that point the Master who was also on the bridge stormed out slamming the chartroom door after him.
Having asked “What was that about?” The Mate told him that the Master had been the Master on the grounded vessel. His action on grounding had been to put the accompanying wives on board into a lifeboat and take them and some crew members safely ashore without having done anything to notify the authorities or the ship owners. The Mate on the ship, having effectively been left in command was not so ill advised as to do nothing and made a radio telephone call to the head office. They wanted to know why the Mate was making the call and not the Master. The upshot was that the Master lost his job in the prestigious company they worked for. However, it hadn't disbarred him from achieving a similar position in that golden age of our illustrious and much loved fleet.
So, remember the names you've seen in Lendy, you never know where they’ll pop up again regardless of past performance.
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