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Post by ablrateandy on Sept 30, 2015 15:42:52 GMT
Hopefully the email is as satisfactory a result as people could want.
*puts on helmet and hides under the desk*
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ianj
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Post by ianj on Sept 30, 2015 15:52:39 GMT
Hopefully the email is as satisfactory a result as people could want. *puts on helmet and hides under the desk* Hope the helmet fits and the table's sufficiently robust! You say 'The balance will be pro rata’d based upon the highest of :
1. How much your available balance was at 9pm on the night of the loan being priced
2. How much you have invested in the SeAB loan at 5pm on 2nd October'
Did you mean 8pm, the time the loan it went live?
By 9pm I'd requested my cash be withdrawn!
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oldgrumpy
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Post by oldgrumpy on Sept 30, 2015 15:56:50 GMT
Mmm! Ingenious, linking this to a little "nudge" into another loan. I am in that, to a mid three figure amount, and that is what I wanted from the containers; I wonder what the formula will award me... almost worth applying just to find out if it is more then ninepence.
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Post by yorkshireman on Sept 30, 2015 16:11:40 GMT
Hopefully the email is as satisfactory a result as people could want. *puts on helmet and hides under the desk* Hope the helmet fits and the table's sufficiently robust! You say 'The balance will be pro rata’d based upon the highest of :
1. How much your available balance was at 9pm on the night of the loan being priced
2. How much you have invested in the SeAB loan at 5pm on 2nd October'
Did you mean 8pm, the time the loan it went live?
By 9pm I'd requested my cash be withdrawn! Likewise, I’d requested my cash to be withdrawn by 9pm. So assuming it should read 8pm does that mean I would get a share of the container loan based solely on the balance in my account as I have no intention of investing in the SeAB loan based on the figures provided?
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paulgul
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Post by paulgul on Sept 30, 2015 16:50:40 GMT
Hopefully the email is as satisfactory a result as people could want. *puts on helmet and hides under the desk*
2. How much you have invested in the SeAB loan at 5pm on 2nd October'
Seems more like blackmail to me, what does this loan have to do with the containers loan. If this is the only way to get the SeAB loan to fill then there must be something seriously wrong with it
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SteveT
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Post by SteveT on Sept 30, 2015 17:02:14 GMT
2. How much you have invested in the SeAB loan at 5pm on 2nd October'
Seems more like blackmail to me, what does this loan have to do with the containers loan. If this is the only way to get the SeAB loan to fill then there must be something seriously wrong with it I'm not applying for any allocation (I bagged a slice initially) but I support ablrateandy's logic of prioritising those lenders who are investing in the growth of the platform as a whole, not just the 14% "crown jewels"
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arbster
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Post by arbster on Sept 30, 2015 17:08:19 GMT
2. How much you have invested in the SeAB loan at 5pm on 2nd October' Seems more like blackmail to me, what does this loan have to do with the containers loan. If this is the only way to get the SeAB loan to fill then there must be something seriously wrong with it Don't be daft, it's not blackmail, it's about ensuring people that deposited for Containers, but put the money into SeAB instead when they didn't get a slice, don't get screwed over.
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Post by wildlife2 on Sept 30, 2015 17:16:02 GMT
I have now put more in the SEAB loan to help fill it, instead of keep chasing the highest rates.
Edit.....I joined Ablrate a year ago when they started and am pleased with the steady returns so far.
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Post by yorkshireman on Sept 30, 2015 17:19:18 GMT
2. How much you have invested in the SeAB loan at 5pm on 2nd October'
If this is the only way to get the SeAB loan to fill then there must be something seriously wrong with it The accounts say Caveat Emptor.
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madpierre
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Post by madpierre on Sept 30, 2015 17:44:50 GMT
That is the most appallingly conceited email I have ever received. I cannot leave Ablrate soon enough, but I am totally perplexed by the SM so that may prove difficult.
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Post by ablrateandy on Sept 30, 2015 17:57:27 GMT
Sorry - by "9pm" I was referring to what people had uninvested immediately post-deal. (obviously no cash will have "left" our client account outside of banking hours). I'm not going to be penalising those who withdrew at 8.01pm. (Or those who went to the secondary market to spend money at 8.02pm after they missed out.
It's a manual process and will be handled with a degree of understanding that arbitrary cut offs aren't appropriate.
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stevio
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Post by stevio on Sept 30, 2015 18:33:58 GMT
Seems more like blackmail to me, what does this loan have to do with the containers loan. If this is the only way to get the SeAB loan to fill then there must be something seriously wrong with it I'm not applying for any allocation (I bagged a slice initially) but I support ablrateandy's logic of prioritising those lenders who are investing in the growth of the platform as a whole, not just the 14% "crown jewels" If it was 'prioritising those lenders who are investing in the growth of the platform as a whole' then surely it should be based on the total investment in the platform and not one specific not so popular loan. Its a simple marketing ploy, blackmail is a little 'strong'. For me, to increase the share of which is likely to be a small amount on offer, I would need to invest more than the amount I had available for the decent container loan in a loan with slightly poorer returns and security which is 'questionable' for me, and then still have the amount I wanted to invest in the containers in my account as well! No brainer for me I am afraid My main problem is that I have invested elsewhere at least some of the money I wanted to invest. Also in addition I now have to make a blind guess how much I would be allocated and ensure those funds are available This is turning into a headache and I am not sure its really worth the hassle!
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james
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Post by james on Sept 30, 2015 18:45:05 GMT
My main problem is that I have invested elsewhere at least some of the money I wanted to invest Given the demand I suspect that the pro-rated amounts are going to be quite low and that you won't have much trouble paying for whatever you get allocated.
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Post by ablrateandy on Sept 30, 2015 18:55:09 GMT
If people want to put maximum amounts on how much they take then that is fine. It is a manual process and we are not and have never been a "Computer says No" outfit.
If anyone is struggling with the secondary market, there are tutorials on site or call me and I will talk you through how to sell loans.
If people get too much and then don't want them I will happily buy them back off you for face value at any point in the next month.
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oldgrumpy
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Post by oldgrumpy on Sept 30, 2015 19:00:13 GMT
I envisage that allocations will not be high. Doesn't ABLrate know exactly what my failed bid was in those first few seconds? That will be the maximum I would like, but I doubt I'll get it.
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