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Post by Badly Drawn Stickman on Nov 8, 2019 18:19:02 GMT
Read updatePresumably best suited to people in the London area?
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star dust
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Post by star dust on Nov 8, 2019 18:28:49 GMT
Well I guess they might manage some virtual conferencing? I'm disappointed it's only going to be investors with large holdings in the frame, and not even the chance of a collective vote for some medium to smaller investors. Can't help feeling a bit stitched up yet again. It'll be costing us all more though won't it. One can but hope that perhaps the NDAs for these members will be less onerous and/or they will be more forthcoming with information in general, otherwise I'm personally completely failing to see the value in all these CC's.
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Post by Badly Drawn Stickman on Nov 8, 2019 18:59:11 GMT
Being both Model 1 and Model 2, I have slightly mixed feeling (Much more by value in 2)
It does seem a bit unnecessary as the CC are already raising the matter but somebody with a good understanding of the situation may be able to argue the case well enough to convince three administrators of the fairly obvious.
But as you say I'm sure it will all be top secret.
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Monetus
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Post by Monetus on Nov 8, 2019 23:30:33 GMT
This is excellent news.
A sensible move given the circumstances.
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ian
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Post by ian on Nov 10, 2019 13:51:35 GMT
Can someone explain the difference between model 1 & 2 investment.
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Post by GSV3MIaC on Nov 10, 2019 15:03:43 GMT
Can someone explain the difference between model 1 & 2 investment. Model 1 loans were to Lendy, or Savingstream, who passed the money on to the end borrowers. Model 2 were direct between lenders and borrowers, with LY merely the agents managing the contracts. Badly.
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Post by Companion Cube on Nov 10, 2019 17:35:57 GMT
Can someone explain the difference between model 1 & 2 investment. Model 1 loans were to Lendy, or Savingstream, who passed the money on to the end borrowers. Model 2 were direct between lenders and borrowers, with LY merely the agents managing the contracts. Badly. I can't remember if I clicked on the model 2 checkbox all that time ago as I am in several platforms. Does anyone know how I can confirm which model that I'm in for each of my 3 remaining distressed loans. Also which is the desirable model to be in? I'm guessing model 1.
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garfield
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Post by garfield on Nov 10, 2019 17:42:53 GMT
Model 1 loans were to Lendy, or Savingstream, who passed the money on to the end borrowers. Model 2 were direct between lenders and borrowers, with LY merely the agents managing the contracts. Badly. I can't remember if I clicked on the model 2 checkbox all that time ago as I am in several platforms. Does anyone know how I can confirm which model that I'm in for each of my 3 remaining distressed loans. Also which is the desirable model to be in? I'm guessing model 1. Hi, which 3 loans are you in?
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Post by Companion Cube on Nov 10, 2019 17:47:46 GMT
I can't remember if I clicked on the model 2 checkbox all that time ago as I am in several platforms. Does anyone know how I can confirm which model that I'm in for each of my 3 remaining distressed loans. Also which is the desirable model to be in? I'm guessing model 1. Hi, which 3 loans are you in? I'm in dfl012, dfl005 and dfl019. 9k left in lendy. Not looking good.
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Post by GSV3MIaC on Nov 10, 2019 18:08:43 GMT
Iirc only dfl1 and dfl2 were under the old, type1, terms. A few pbl loans were too. If you search the forum there is a complete list in one or two places.
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garfield
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Post by garfield on Nov 10, 2019 18:40:05 GMT
Iirc only dfl1 and dfl2 were under the old, type1, terms. A few pbl loans were too. If you search the forum there is a complete list in one or two places. dfl1 is model 1, but dfl2 is being considered as model 2. dfl5, 12 and 19 are all model 2.
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sl75
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Post by sl75 on Nov 11, 2019 10:41:22 GMT
If we accept the premise that the CLB's interests may diverge from the CC's interests [hence barring people from being members of both groups], which side of that divide will the LAG be on (presumably the CC side, given that the CC consists mostly of members of the LAG), and what equivalent group might need to exist for the other side?
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Monetus
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Post by Monetus on Nov 11, 2019 10:51:30 GMT
If we accept the premise that the CLB's interests may diverge from the CC's interests [hence barring people from being members of both groups], which side of that divide will the LAG be on (presumably the CC side, given that the CC consists mostly of members of the LAG), and what equivalent group might need to exist for the other side? Is this even a real question? Trolling surely....  We welcome the creation of the CLB and look forward to working with its members to achieve the best result for investors.
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Post by tigerbalm on Nov 11, 2019 11:57:03 GMT
I agree with Monetus here, taking up positions 'against' other groups is definitely counterproductive and in my opinion counterintuitive. Let's be positive towards things that might be positive.
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Post by GSV3MIaC on Nov 11, 2019 13:17:20 GMT
+1
Personally I don't see that applying unfair t&cs to model2 loans, to bolster the LY finances so they can repay model1 loans is fair or equitable. And yes, I have some of each.
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