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Post by sma1tman on Feb 13, 2020 13:42:30 GMT
Just doubled up my pledge. I stand to lose 5 figures, what's another 1%?
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bramhall17
Member of DD Central
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Likes: 148
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Post by bramhall17 on Feb 13, 2020 13:53:59 GMT
'Only' a net £4k here but I have pledged 1% gross x4 and will do so again.
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liso
Member of DD Central
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Post by liso on Feb 13, 2020 14:43:08 GMT
I did well out of Lendy and was lucky enough to get out with good returns and no losses. Happy to chip in and help.
Good luck!
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Post by loftankerman on Feb 13, 2020 16:55:50 GMT
Actually ..........wouldnt it be swell if some of the big hitters like Ratesetter /Asscap etc made a high profile donation just to show solidarity with their customers and virtue signal their own credentials? I just posted the link to the page on THC's chat line along with "Buddy can you spare a dime?" They don't know me as my forum name here, but know me well.
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Post by loftankerman on Feb 13, 2020 16:57:19 GMT
Actually ..........wouldnt it be swell if some of the big hitters like Ratesetter /Asscap etc made a high profile donation just to show solidarity with their customers and virtue signal their own credentials? I just posted the link to the page on THC's chat line along with "Buddy can you spare a dime?" They don't know me as my forum name here, but know me well. Got an immediate positive response, they'll check with compliance dept.
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Post by loftankerman on Feb 13, 2020 17:14:27 GMT
I just posted the link to the page on THC's chat line along with "Buddy can you spare a dime?" They don't know me as my forum name here, but know me well. Got an immediate positive response, they'll check with compliance dept. Response from compliance... Unfortunately its not something we as an company or our employees can do unfortunately. Ah Well!
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MarkT
Member of DD Central
Posts: 190
Likes: 159
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Post by MarkT on Feb 13, 2020 17:56:44 GMT
I an sure there are more than ~1200 investors with funds still stuck in Lendy. Why are they sat on their hands instead of putting them in their pockets?
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Post by supernumerary on Feb 13, 2020 19:01:44 GMT
Just after 7pm on Thursday.
15 days to go, £62,770 pledged of the £75,000 stretched target, from 1,212 pledges.
Now at 83.69% of the way, to the TARGET.
A further £12,230 needed to reach the GOAL.
This equates to requiring approximately, an average donation rate of £815.33 per day, over the next 15 days, to get to the £75,000 OBJECTIVE.
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Post by bracknellboy on Feb 13, 2020 19:48:23 GMT
I an sure there are more that ~1200 investors with funds still stuck in Lendy. Why are they sat on their hands instead of putting them in their pockets? 1. Many will not know of the raise, despite best efforts. 2. Some may consider themselves to be in a poor immediate financial state and simply can't afford (though pretty much all could I'm sure contribute a fiver, and this is discussion of number of contributors, not the quantum of contribution). 3. Some will feel its eitehr good money after bad, or don't want to take the risk of it being so: there have been posts on the forum which essentially say that they'd be prepared to contribute after a successful action, but not before hand. Given that the ask was 0.1% logically as a %age that is virtually "no money" so the risk / potential return ought to be seen as low. Of course if the absolute quantum that entails is a decent wedge, human nature will make it feel like a substantially higher risk. Others who have contributed might feel that is a bit like getting a bit of a free ride.
4. Others have posted eloquently that given they can offset, they would need to see a high additional recovery to make it worthwhile. That is at least a logically sound and reasonable position.
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TFTO
Member of DD Central
Posts: 143
Likes: 71
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Post by TFTO on Feb 13, 2020 20:59:04 GMT
Just chipped in 50GBP as I would like to see this case go ahead, although I have nothing in Lendy
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MarkT
Member of DD Central
Posts: 190
Likes: 159
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Post by MarkT on Feb 13, 2020 21:13:01 GMT
Just chipped in 50GBP as I would like to see this case go ahead, although I have nothing in Lendy
I may have to chip in some more, based on your example.
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Post by loftankerman on Feb 13, 2020 23:57:52 GMT
I an sure there are more than ~1200 investors with funds still stuck in Lendy. Why are they sat on their hands instead of putting them in their pockets? I was an early joiner of the Equitable Members Action Group. I was approached by someone I knew who had money in Equitable Life. He asked about membership of the action group and I told him about it and said the suggested annual membership donation was £25. So he asked if any resulting returns would be conditional on membership. I said not and he replied "Well there's no point in wasting money on it then is there, if someone else is going to cover the costs and do all the work?"
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TitoPuente
Member of DD Central
Posts: 624
Likes: 655
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Post by TitoPuente on Feb 14, 2020 8:07:24 GMT
I an sure there are more than ~1200 investors with funds still stuck in Lendy. Why are they sat on their hands instead of putting them in their pockets? I was an early joiner of the Equitable Members Action Group. I was approached by someone I knew who had money in Equitable Life. He asked about membership of the action group and I told him about it and said the suggested annual membership donation was £25. So he asked if any resulting returns would be conditional on membership. I said not and he replied "Well there's no point in wasting money on it then is there, if someone else is going to cover the costs and do all the work?" That's a freerider mentality which in this case luckily is only shared by a minority, probably because of the nature of the segment (people with disposable income and motivation to invest). It is worse in other cases (NHS?).
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starfished
Member of DD Central
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Post by starfished on Feb 14, 2020 8:56:09 GMT
I was an early joiner of the Equitable Members Action Group. I was approached by someone I knew who had money in Equitable Life. He asked about membership of the action group and I told him about it and said the suggested annual membership donation was £25. So he asked if any resulting returns would be conditional on membership. I said not and he replied "Well there's no point in wasting money on it then is there, if someone else is going to cover the costs and do all the work?" That's a freerider mentality which in this case luckily is only shared by a minority, probably because of the nature of the segment (people with disposable income and motivation to invest). It is worse in other cases (NHS?). Intrigued by your bias that you think the freerider mentality is less likely to apply the richer / more disposable income someone has! On a smaller scale, in my limited experience, the richer someone is the less likely they will remember to pay you back money lent / shared in a social setting. On a more larger scale, this current fund raise is to help deal with a rich man who has some might say a free rider mentality...
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jonno
Member of DD Central
nil satis nisi optimum
Posts: 2,808
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Post by jonno on Feb 14, 2020 9:44:56 GMT
That's a freerider mentality which in this case luckily is only shared by a minority, probably because of the nature of the segment (people with disposable income and motivation to invest). It is worse in other cases (NHS?). Intrigued by your bias that you think the freerider mentality is less likely to apply the richer / more disposable income someone has! On a smaller scale, in my limited experience, the richer someone is the less likely they will remember to pay you back money lent / shared in a social setting. On a more larger scale, this current fund raise is to help deal with a rich man who has some might say a free rider mentality... While accepting the premise of your point, I feel we should never co-mingle the notion of a "freerider" with a thief.
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