URGENT: Media opportunity for Radio 4's Money Box show

This is a good question and I am glad you raised it actually. The simple answer is that a group like this wasn't formed for Collateral because enough investors didn't work together in order to create one.

Unfortunately the Lendy collapse was always likely to attract more media attention purely because it's a significantly larger platform. While I may appear to be one of the public "faces" of this Lendy Group I can assure you that countless people are involved and this is a huge collective effort with a significant number of investors working on it (and we need more help urgently as it's growing rapidly!) Organising something like this needs a huge amount of coordination and requires a significant amount of time, energy and resources. We will soon be appealing for more help from here and other forums also as there are many capable people here in the P2P community who can help make a difference.

In all honesty it would have been much easier for me to just sit back and do nothing and be a passive observer of the whole thing as I am extremely busy personally right now and also with my own business. I have been pretty much full-time on this whole thing since Friday 24th May to the detriment of my work (and amazing and extremely patient wife!) However, having been involved with P2P for a number of years I just cannot sit back in good conscience and watch another P2P disaster unfold without at least making an effort to try and do something about it. 

In regards to Collateral, I am currently on the Creditors Committee so I am of course bound by a strict NDA which limits the amount of information I can share publicly to virtually nothing. This isn't the case with Lendy - I am able to speak freely. It would be unrealistic for me to start an action group for Collateral now as I wouldn't be able to say anything. However this doesn't mean someone else can't? There is absolutely nothing stopping anyone from forming a Collateral Action Group but it has yet to materialise. 

The other difference is that prior to the Collateral administration I also had no experience whatsoever of dealing with administrators, lawyers, legal frameworks or insolvency practitioners. Even though the circumstances are clearly awful, the Collateral situation has given me some extremely valuable experience that I otherwise wouldn't have had. To be honest I'm not even sure I would have had the confidence to be involved in setting up something like this until now. 

I can understand where you are coming from, but I can assure you that I am still putting a huge amount of time and attention into the Collateral administration (I have been in communication with BDO several times already this week and there is a Creditors Committee meeting coming up shortly on the 18th of June). On a personal note I also have significantly more capital invested in Collateral than I do Lendy so I most certainly will not be forgetting about all you Collateral investors

I can chose to buy products and services associated with large marketing budgets or products and services with far smaller budgets.

This is surely incomparable with the licence fee which is a national tax that is applied by law under penalty (ultimately) of prison for non-payment? 

They've always had a policy ... it's getting beyond one that is the challenge.

The main focus of the segment is the FCA's new regulations and whether or not they make any difference to investors. There will be the opportunity for some Lendy chat regarding your experience but the new rules are the primary topic. 

Funny you mention skin in the game, because the FCA specially has forbidden this to happen because of the risk of conflict of interest....