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Post by elljay on Feb 8, 2015 8:12:51 GMT
I think now we have worked through it, the ban is no longer needed. Agreed, though it would have been helpful for someone to report the thread so it could be updated.
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Post by elljay on Feb 8, 2015 8:19:04 GMT
Reading through the thread I think all your points have been addressed. If you still have concerns that the forum is under the control of Assetz post, report or send a PM and I will address them.
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Post by Deleted on Feb 8, 2015 8:56:42 GMT
Yes indeed.
To summarise:
* P2P Independent Forum is owned by Assetz (I think this should be displayed somewhere, like the footer, for full transparency)
* However, the moderators are not from Assetz
* the Assetz FF loan defaulting triggered some heated discussions, which were stopped by moderators, not by Assetz
* Assetz has fully recovered the FF loan (well done)
* Hopefully, late joiners can now see the information on what happened and how it was dealt with
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Post by elljay on Feb 8, 2015 9:26:08 GMT
* P2P Independent Forum is owned by Assetz (I think this should be displayed somewhere, like the footer, for full transparency) Incorrect. The forum was set up by andrewholgate and the domain name was paid for by Assetz, but the passwords and control are now with the moderators who, as you say, are not Assetz employees. When the domain name expires in a few years someone other than Assetz will pay for the renewal. The forum is free (paid for by adverts). The mods give their time for fun.  * However, the moderators are not from Assetz Correct. * the Assetz FF loan defaulting triggered some heated discussions, which were stopped by moderators, not by Assetz Correct. Statements were made that may have got the mods into trouble and also made Assetz job at recovering the loan more difficult. * Assetz has fully recovered the FF loan (well done) I'm not an investor at Assetz, but reading the thread that appears to be the case, although there may be question about the interest if I'm reading correctly? * Hopefully, late joiners can now see the information on what happened and how it was dealt with That's a good point. We'd need to dig through the threads in the "pink" area and see if there was anything libellous in there before they could be moved into the public area. Personally I'm not sure it's worth the effort given that things are now resolved, though happy for that to be discussed.
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ilmoro
Member of DD Central
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Post by ilmoro on Feb 8, 2015 21:07:21 GMT
Personally I'm not sure it's worth the effort given that things are now resolved, though h for that to be discussed.I don't imagine it's worth the effort. If it's important for people to know the full story, they should join the private forum which I th is working well. As an aside, I'm happy to pay the £10 a year or so for the domain name, as I'm sure many others are. Guess the argument is whether non AC lenders should be able to see how AC has handled a difficult & complicated recovery & there is some discussion on the private board which is relevant in this case. However, there are 15 different threads, some of which are related to technicalities on interest & others which probably are better left where they are.
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Post by bracknellboy on Feb 8, 2015 21:38:18 GMT
Staff discussion on this point - potential for reviewing and redacting as appropriate material on the pink thread and moving to the public board - was pretty short. It is not going to be done.
Not a bad time to remind members of the sticky post/thread near the top of hte private board which encourages posters to primarily put new threads into the 'white' i.e. main forum unless there is a compelling reason to do otherwise. The title of that post 'Think Pink' might arguable be better titled 'Think WHY Pink' or 'Think White' (and scream at the washing machine / that red shirt) if you are subsequently 'Thinking Pink'. But regardless the guidance is reasonable.
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Post by Deleted on Feb 9, 2015 9:53:28 GMT
Guess the argument is whether non AC lenders should be able to see how AC has handled a difficult & complicated recovery & there is some discussion on the private board which is relevant in this case. However, there are 15 different threads, some of which are related to technicalities on interest & others which probably are better left where they are. Yes indeed. Maybe AC should make an official post summarising what the issue was, how it was handled, delays for investors, lessons learnt from it etc. If I were AC, I wouldn't see this as negative, but more a testimony of the effort and result to recover the loan by the platform (and also what has/is going to be implemented to reduce similar future cases).
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shimself
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Post by shimself on Feb 9, 2015 10:08:03 GMT
Yes indeed. Maybe AC should make an official post summarising what the issue was, how it was handled, delays for investors, lessons learnt from it etc. If I were AC, I wouldn't see this as negative, but more a testimony of the effort and result to recover the loan by the platform (and also what has/is going to be implemented to reduce similar future cases). Agreed. Just to check stomato, you understand all you have to do is to put a few pounds on AC and then ask for access to the pink pages. TC have a 2 forums(fora) system for similar reasons. I hope you can now see it's legit and reasonable.
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Post by Deleted on Feb 9, 2015 10:27:35 GMT
I still think transparency is better, as opposed to burying down some discussions. I am for the freedom of speech! If some individuals say improper things, then they are liable for it.
Regardless, yes, I understand I could access the private forum (as I am an AC investor), but it looks like I would need to read many posts to have a view on what happened. On the basis that the issue is closed now, and AC recovered the loan, then a summary would be more useful (and a good success story anyway).
I don't think success will be defined by having no defaults (as it's not realistic), but more on how those are dealt with, and it looks like AC did well for that troubled loan.
As for Andrew, he is very protective of his "baby", as any entrepreneur would be expected to be obviously, but he needs to chill out a bit and not call people libellous, as soon as they say something he does not like...
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ramblin rose
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Post by ramblin rose on Feb 9, 2015 10:50:08 GMT
I still think transparency is better, as opposed to burying down some discussions. I am for the freedom of speech! If some individuals say improper things, then they are liable for it. Regardless, yes, I understand I could access the private forum (as I am an AC investor), but it looks like I would need to read many posts to have a view on what happened. On the basis that the issue is closed now, and AC recovered the loan, then a summary would be more useful (and a good success story anyway). I don't think success will be defined by having no defaults (as it's not realistic), but more on how those are dealt with, and it looks like AC did well for that troubled loan. As for Andrew, he is very protective of his "baby", as any entrepreneur would be expected to be obviously, but he needs to chill out a bit and not call people libellous, as soon as they say something he does not like... It's more about what the borrower concerned would consider libellous; we don't want the forum embroilled in issues of this type, and we certainly don't want the ability to get our money back being jeopardised by the borrower throwing up those sorts of complaints. Better, all round, to be able to prevent it whenever the situation arises regardless of whether those not involved at all feel it's transparent or not. A reasonable enough summary is available via the loan pages themselves (Recent Activity and Q&A) on AC which any AC member can access. I do take your point about it being good PR to be able to show how a tricky situation has been handled, after the event when the dust has settled, but it's not the responsibility of mods and admins who already donate enough of their time for free to be enabling that for any p2p company. It's something that the company concerned could consider making available as a case study on their own publicly available wev pages. Edit: I see now, from Andrew's post below, that there was 'libel' discussion that we were not party to. However, it was originally the risk of libel accusations against the forum that prompted the inauguration of the private board, so my point still stands in any case.
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Post by andrewholgate on Feb 9, 2015 10:52:39 GMT
I still think transparency is better, as opposed to burying down some discussions. I am for the freedom of speech! If some individuals say improper things, then they are liable for it. Regardless, yes, I understand I could access the private forum (as I am an AC investor), but it looks like I would need to read many posts to have a view on what happened. On the basis that the issue is closed now, and AC recovered the loan, then a summary would be more useful (and a good success story anyway). I don't think success will be defined by having no defaults (as it's not realistic), but more on how those are dealt with, and it looks like AC did well for that troubled loan. As for Andrew, he is very protective of his "baby", as any entrepreneur would be expected to be obviously, but he needs to chill out a bit and not call people libellous, as soon as they say something he does not like... I will make this a public statement, as after I sent you a PM you are now referencing a private comment made in that PM. I consider that a huge breach of trust, and I even suggested you contact me directly to talk. You have yet to do so, except via PM. Points to make: - You have made factually incorrect statements about Assetz Capital in this thread, which I have since clarified elsewhere. You have yet to confirm that you were wrong in those statements. You have also been corrected by the Moderators and normal forum users. Yet you still persist in saying them. - I have never said things were libellous, but I did say in a PRIVATE message to you that they are "potentially libellous". See my above comment, where you make statements that "the forum is owned and controlled by AC", that is potentially libellous. To clarify - Libel is a method of defamation expressed by print, writing, pictures, signs, effigies, or any communication embodied in physical form that is injurious to a person's reputation, exposes a person to public hatred, contempt or ridicule, or injures a person in his/her business or profession. The statement you have made is "injurious" to ACs reputation and therefore have the potential to be libellous. - Assetz Capital has never squashed discussion here, or elsewhere. The decision was taken by the Moderators to create a new private board where discussion could take place unfettered by the potential hazards of doing so in a public forum. My only request to them was that they be aware of the supposition and conjecture that was rampant at that time. - Assetz Capital has taken a lot of criticism on this board, probably more than other platforms. The reason for that is the forum users know that we are very active here, taking feedback, listening, considering and make changes where they are needed. I am not averse to taking that criticism, as other forum users will testify to. - Chill pill? You obviously don't know me. One question for you, why don't you invest in FC?
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jo
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Post by jo on Feb 9, 2015 10:53:09 GMT
I'm not convinced it's Andrew who needs to chill out.
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Post by Deleted on Feb 9, 2015 11:10:47 GMT
I will make this a public statement, as after I sent you a PM you are now referencing a private comment made in that PM. I consider that a huge breach of trust, and I even suggested you contact me directly to talk. You have yet to do so, except via PM. Points to make: - You have made factually incorrect statements about Assetz Capital in this thread, which I have since clarified elsewhere. You have yet to confirm that you were wrong in those statements. You have also been corrected by the Moderators and normal forum users. Yet you still persist in saying them. - I have never said things were libellous, but I did say in a PRIVATE message to you that they are "potentially libellous". See my above comment, where you make statements that "the forum is owned and controlled by AC", that is potentially libellous. To clarify - Libel is a method of defamation expressed by print, writing, pictures, signs, effigies, or any communication embodied in physical form that is injurious to a person's reputation, exposes a person to public hatred, contempt or ridicule, or injures a person in his/her business or profession. The statement you have made is "injurious" to ACs reputation and therefore have the potential to be libellous. One question for you, why don't you invest in FC? OK! Exactly my point... Anyway: * Forum: I asked the question and got the answer, thanks. I had read somewhere that there was some initial relationship between AC and this forum (which was true), and I didn't know if that relationship was still ongoing or not (AC does not manage the board anymore). That's why I asked the question, but seems to be a very touchy subject * I haven't made any injurious statements about AC or anyone on this forum * What FC has got to do with anything? And yes, I have invested in FC and others. I have even published a review/comparison of the three platforms on this forum, based on my own experience over the last few weeks. All very factual and based on my own experience (during that particular time), which I am entitled to publish. Other people may have a different experience based on their own investment and timing (legal disclaimer!) You need to chill and not have a go at your own customers/investors! BTW, there is still a statement on your website about risk, which I believe is still factually incorrect... I am sure, reading the recent various posts, you will figure out what it is.
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jonno
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Post by jonno on Feb 9, 2015 12:27:51 GMT
Dear @stomato and andrewholgate: Is there any chance a line could be drawn under this puerile,stagnant and time wasting arguement and all start concentrating on AC going forward i.e. how can we get back to the position of 12 months ago where AC was undoubtedly emerging as the leader of the P2P pack which appears to be evaporating before our very eyes. |
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Post by andrewholgate on Feb 9, 2015 12:31:36 GMT
Line drawn for me. jonno - There is a large volume of deals coming. February will see us looking to fund £8m and March could be our first £10m+ month. April's pipeline is looking very strong. The hiatus has been troubling for many but I was always confident it was down to a number of reasons that have now passed. Here's to a very exciting 2015. |
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