|
|
Post by queenvictoria on Feb 15, 2020 9:04:31 GMT
As the original goal was £25k, I don't like the assumption that the real goal was £75k, but it had to be presented as a stretch target to get people onboard. Come on. We are all on the same side. Lets focus our displeasure on Lendy and Mr Brooke not on each other. If LAG constucted a way of presenting the targets to get max buy-in then good on them.
|
|
|
|
Post by gramsky on Feb 15, 2020 9:27:12 GMT
The question I would like answered is: how long before we get this to court?
|
|
quidco
Member of DD Central
Posts: 295 
Likes: 361
|
Post by quidco on Feb 15, 2020 9:41:04 GMT
The question I would like answered is: how long before we get this to court? I'm ready
|
|
|
|
Post by gramsky on Feb 15, 2020 9:51:17 GMT
The question I would like answered is: how long before we get this to court? I'm ready We all are, maybe Lisa could let us known what sort of time scale we are talking about.
|
|
bramhall17
Member of DD Central
Posts: 88
Likes: 148
|
Post by bramhall17 on Feb 15, 2020 10:21:06 GMT
I think this is a worthy venture and will double up this week on what already exceeded their request by a factor of four. I would encourage anybody who has any involvement in P2P to make a contribution no matter how small or large. I only have a very modest exposure to Lendy but I know of some people who stand to lose life changing amounts of money. Yes they have been very unwise and even naive but this is not a crime. In an era of ultra low interest rates they were just looking for a bit of extra income from their hard earned money, often to do a few more things in retirement. Instead they are now looking at potential outcomes even worse than initially declared. The process IMO from an ethical standpoint should all be about maximising returns to lenders. Least we forgot lenders are the only people who are going to lose serious money in this sorry mess.
|
|
|
|
Post by default on Feb 15, 2020 14:28:59 GMT
I think this is a worthy venture and will double up this week on what already exceeded their request by a factor of four. I would encourage anybody who has any involvement in P2P to make a contribution no matter how small or large. I only have a very modest exposure to Lendy but I know of some people who stand to lose life changing amounts of money. Yes they have been very unwise and even naive but this is not a crime. In an era of ultra low interest rates they were just looking for a bit of extra income from their hard earned money, often to do a few more things in retirement. Instead they are now looking at potential outcomes even worse than initially declared. The process IMO from an ethical standpoint should all be about maximising returns to lenders. Least we forgot lenders are the only people who are going to lose serious money in this sorry mess. If Lendy had genuinely done what was claimed, no one would be in this position. Any blame for this is primarily on them. We, the general public, should not be exposed to financial products that are basically fraudulent. This needs exposing. And that is why I want to see a public inquiry.
|
|
|
|
Post by paul123 on Feb 15, 2020 16:41:31 GMT
From Lisa on fb: LAG counsel has now met with RSM and Shoesmiths. At this meeting we posed a series of questions and were provided with a considerable amount of information to review. We are now working to understand the best strategy to move forward based in this new information. Unfortunately the meeting ended without an agreement for RSM to fund our costs and even if some costs are paid, the mess left by Lendy's Directors will require several court orders to begin addressing the predicament we find ourselves in. It's clear now that this money raised here is critical and well spent. We MUST fill our funding goals. www.crowdjustice.com/case/lendy-action-group-legal-fund/ |
|
|
|
Post by supernumerary on Feb 15, 2020 19:01:52 GMT
Just after 7pm on Saturday.
13 days to go, £64,902 pledged of the £75,000 stretched target, from 1,264 pledges.
Now at 86.54% of the way, to the TARGET.
A further £10,098 needed to reach the GOAL.
This equates to requiring approximately, an average donation rate of £776.77 per day, over the next 13 days, to get to the £75,000 OBJECTIVE.
|
|
rocky1
Member of DD Central
Posts: 1,139
Likes: 1,963
|
Post by rocky1 on Feb 16, 2020 8:51:42 GMT
The question I would like answered is: how long before we get this to court? I'm ready I'm Spartacus 😉
|
|
jonno
Member of DD Central
nil satis nisi optimum
Posts: 2,808
Likes: 3,242
|
Post by jonno on Feb 16, 2020 10:35:56 GMT
Careful................he died last week 
|
|
IFISAcava
Member of DD Central
Posts: 3,692
Likes: 3,018
|
Post by IFISAcava on Feb 16, 2020 10:37:51 GMT
Careful................he died last week And Brian long before
|
|
|
|
Post by supernumerary on Feb 16, 2020 19:05:07 GMT
Just after 7pm on Sunday.
12 days to go, £65,567 pledged of the £75,000 stretched target, from 1,283 pledges.
Now at 87.42% of the way, to the TARGET.
A further £9,433 needed to reach the GOAL.
This equates to requiring approximately, an average donation rate of £786.08 per day, over the next 12 days, to get to the £75,000 OBJECTIVE.
|
|
travolta
Member of DD Central
Posts: 1,506
Likes: 1,214
|
Post by travolta on Feb 17, 2020 9:39:52 GMT
|
|
gon
Member of DD Central
Posts: 70 
Likes: 57
|
Post by gon on Feb 17, 2020 17:41:07 GMT
We have committed money to the LAG fund raise but what are lender's views with regards to those who did NOT challenge the new T&C's issued by Lendy in March 2018? Is the challenge going to be along the lines that those who did not agree to them and / or challenged them should not be subject to those Terms OR is the challenge on the basis that the T&C's were actually unfair and therefore should not be allowed?
Apologies if this has been covered elsewhere (either on this forum or on the LAG forum - which we are also signed up to) but it would be helpful if we could have dome clarity on this please?
|
|
|
|
Post by loftankerman on Feb 17, 2020 18:04:52 GMT
We have committed money to the LAG fund raise but what are lender's views with regards to those who did NOT challenge the new T&C's issued by Lendy in March 2018? Is the challenge going to be along the lines that those who did not agree to them and / or challenged them should not be subject to those Terms OR is the challenge on the basis that the T&C's were actually unfair and therefore should not be allowed? Apologies if this has been covered elsewhere (either on this forum or on the LAG forum - which we are also signed up to) but it would be helpful if we could have dome clarity on this please? Short answer from me is that I don't know. However it was pretty clear to me that one could not comply with their requirements if one disagreed, because it was not practical to immediately sell ones loan shares and subsequently withdraw funds if one had immediately stopped using the web site. Even expediting withdrawal and exit could have been inferred as accepting the T&C. So I figured than a prompt exit was the optimum solution rather than pointlessly debating terms. The tip of my tail got caught in the door on the way out but I can cope with that. Water under the bridge, but I'm happy to make a brief comeback here just for this funding exercise, then I'll be disappearing again as I don't have enough in the pot to be stressing myself about it.
|
|
