kermie
Member of DD Central
Posts: 691 
Likes: 462
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Post by kermie on Oct 9, 2015 16:44:32 GMT
if it's one thing this forum loves it's conspiracy and wild speculation. The reddit troll must be laughing reading this thread  |
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Post by yorkshireman on Oct 9, 2015 17:36:00 GMT
And I’m still none the wiser as to which platform it’s supposed to be.
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Post by oldnick on Oct 9, 2015 18:28:54 GMT
Twelve and three quarters. Just run at the wall Harry!
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oldgrumpy
Member of DD Central
Posts: 5,087
Likes: 3,233
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Post by oldgrumpy on Oct 9, 2015 18:36:27 GMT
Twelve and three quarters. Just run at the wall Harry! Oh come on oldnickyorkshireman isn't that bad!! Do you really want to give him a cracked bonce and/or to be charged with wanton criminal damage by illegal wall demolition?  It's platform NINE and three quarters.
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Post by oldnick on Oct 9, 2015 18:37:20 GMT
Don't spoil my fun!
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Post by westonkevRS on Oct 12, 2015 8:36:47 GMT
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JamesFrance
Member of DD Central
Port Grimaud 1974
Posts: 1,323
Likes: 897
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Post by JamesFrance on Oct 12, 2015 8:47:29 GMT
The link isn't working but it is all on their website, glad I avoided this one www.trustbuddy.com/ |
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james
Posts: 2,205
Likes: 955
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Post by james on Oct 12, 2015 9:36:07 GMT
Really interesting that they made it all the way to a stock market listing with those issues apparently in place. I wonder who their auditors were during the relevant times?
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Post by wiseclerk on Oct 12, 2015 10:49:33 GMT
I don't know either if Trustbuddy was meant by the article that started this thread.
There were some warning signs in case of Trustbuddy and the stock has been in decline for quite a while.
While it won't have a long-time impact on p2p lending outside Sweden, I do pity other Swedish p2p lending companies that have recently launched. It will be a hard blow for them and make it very challenging for them to build trust and propagate p2p lending.
It also demonstrates that the industry is vulnerable to fraudulent behaviour by the companies themselves. So far the focus on fraud risks has been on outside fraud (borrowers, cyberattack risks).
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Post by yorkshireman on Oct 12, 2015 12:11:25 GMT
Out of curiosity, where is the connection between the following quotes on this thread:
“it is one of the smaller of the 100 or so firms ... operating under the FCA regulation.”
“The irony here is that the journalist in question was a paid for spokesman of a P2P firm that launched in a blaze of expensive publicity.”
“Twelve and three quarters. Just run at the wall Harry!” and “It's platform NINE and three quarters.”
And Trustbuddy?
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TitoPuente
Member of DD Central
Posts: 624
Likes: 655
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Post by TitoPuente on Oct 12, 2015 12:19:44 GMT
I believe that this will scare investors inside and outside Sweden.
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sam i am
Member of DD Central
Posts: 697
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Post by sam i am on Oct 12, 2015 12:30:36 GMT
Out of curiosity, where is the connection between the following quotes on this thread: “it is one of the smaller of the 100 or so firms ... operating under the FCA regulation.” “The irony here is that the journalist in question was a paid for spokesman of a P2P firm that launched in a blaze of expensive publicity.” “Twelve and three quarters. Just run at the wall Harry!” and “It's platform NINE and three quarters.” And Trustbuddy? I was also trying to find a link between Trustbuddy and the FCA. If they are not regulated by the FCA then presumably Trustbuddy are not the firm referred to in Anthony Hilton's article.
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Post by westonkevRS on Oct 12, 2015 13:31:49 GMT
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Investor
Member of DD Central
Posts: 662
Likes: 590
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Post by Investor on Oct 12, 2015 13:33:46 GMT
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Post by wiseclerk on Oct 12, 2015 13:36:35 GMT
It looks like Which magazine were quite prescient in their response to the FCA on crowd-fundng: " The FCA should be aware of European based crowdfunding platforms trading cross border and remaining
outside of UK regulations." actually the issue at Trustbuddy was not that it is cross-border but rather that the management is accused of acting fraudulent and that the business model was payday like loans (remember Wonga, too) I still think cross border lending is an interesting field of p2p lending and a market that will grow.
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It's platform NINE and three quarters.
