Most of my money is actually showing as unmatched. But I can't cancel the lend order.
Is that a quirk in the system or will this be eventually withdrawable?
"If a Resolution Event is declared we will notify you, along with all other Growth Street investors as soon as possible but at the latest, within 5 working days. All funds held in unmatched Lend Orders will be returned to your holding account."
Post by bgreenwood2000 on Jun 15, 2020 15:50:24 GMT
I’ve had 4 orders cancelled (by GS) today, one of which was only made today - but the others over the past several days. So it looks as though either lending demand had dried up, or they were being very strict with their criteria.
Nearly 80% of my capital is still lent out, but I assume I can withdraw what’s in my holding account. I imagine I can also kiss goodbye to the signup bonus which was due in August :-(
This feels like the worst possible outcome for everyone involved. Borrowers get the debt called in just as the economy is tanking and lenders get this arbitrary roulette game over what is returned when.
I have a grand total of 90p available for withdrawal. Luckily I don't need the liquidity but it is frustrating that this will now be a zombie investment with no interest and no certainty about when (if) we might see the capital again.
I had just over £2K invested here (originally taking advantage of the sign-up bonus).
37% of my capital was available for withdrawal.
I have the same invested but ended up with literally 0% available for withdrawl. The fact it is distributed like this is incredibly frustrating - I planned to withdraw everything at the end of April but so much for that.