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Post by Badly Drawn Stickman on Jun 30, 2018 8:36:48 GMT
Well, where is hazellend to put her 'positive spin' on this ...... surely Lendy can do no wrong?
Hazellend's profile states that 'she' is male. Just saying. I firmly (well as firmly as a man totally lacking conviction, can) believe what people get up to in their private lives, is their own business. Does seem to be a common oversight, I usually go with neutral terms if doubt exists.
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averageguy
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Post by averageguy on Jun 30, 2018 9:30:37 GMT
Well, where is hazellend to put her 'positive spin' on this ...... surely Lendy can do no wrong?
Currently praising Lendy on another thread
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Post by charliebrown on Jun 30, 2018 13:33:02 GMT
If the Exeter loans repay tomorrow I’ll be more than astounded. Lendy updates are a pack of lies (yes, probably lies by proxy, but lies nonetheless). About the only truthful update they’ve ever posted is “no change”. Well, just as I thought, I had no need to be astounded. Yet another Lendy falsehood.
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ptr120
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Post by ptr120 on Jun 30, 2018 13:36:24 GMT
Why haven't they put an update on the website? This procedure of keeping investors in the dark for the sake of the 2 week BS cycle is really frustrating! This is Lendy we are talking about - the platform that prefers to treat investors like mushrooms - in the dark and covered in sh1t
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Post by loftankerman on Jun 30, 2018 13:45:31 GMT
When providing information in updates and the like any company has to bear in mind what may be a bad choice of words or on dangerous ground, particularly when circumstances are not the best. I could not believe it when Lendy acknowledged they'd not made any efforts to confirm that the tales of success in Wolverhampton had some basis in truth. If at some future point they are taken to task, every statement they've issued, or review they've quashed on Trustpilot, could be used against them. At the present time I'm surprised they have anything to say about a lot of things.
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Post by charliebrown on Jul 1, 2018 1:05:16 GMT
When we push them for specific updates they post specifics that never materialise. When we berate them for posting specifics that never materialise they revert to posting nonspecific BS. I’m not sure which is worse incorrect information or no information.
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dermot
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Post by dermot on Jul 2, 2018 15:21:29 GMT
OK, any thoughts on the update this week?
The dog ate my homework? Brexit has stalled the completion due to a world cup goal deficit?
Ah, the completion has been delayed because Andy Murray has had to pull out of Wimbledon due to injury, and the prospective purchaser is in shock.
Glad I'm only in Exeter for a few hundred in total now ...
Anyone seen updates on sales or other news from 'outside' sources? Couldn't find anything from a recent link.
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Monetus
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Post by Monetus on Jul 5, 2018 7:56:04 GMT
Looking forward to this weeks update...
Any bets on the re-finance mysteriously falling through this week and back to square one?
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Jeepers
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Post by Jeepers on Jul 5, 2018 12:04:01 GMT
Looking forward to this weeks update... Any bets on the re-finance mysteriously falling through this week and back to square one? No, its far too early for that kind of update... First it will be solicitors dealing with enquiries... then the man in charge of the refinancing company is on holiday...then 'funds will be in place' then it will fall through and be we'll be back at square 1 around mid-august...
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Post by charliebrown on Jul 5, 2018 12:53:35 GMT
Looking forward to this weeks update... Any bets on the re-finance mysteriously falling through this week and back to square one? No, its far too early for that kind of update... First it will be solicitors dealing with enquiries... then the man in charge of the refinancing company is on holiday...then 'funds will be in place' then it will fall through and be we'll be back at square 1 around mid-august... I think the general mood has been that this story of refinance is a fairy tale. If LY told me today was Thursday I’d definitely need to check the calendar. Zero credibility.
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Monetus
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Post by Monetus on Jul 6, 2018 15:15:16 GMT
Well would you believe it!
"Whilst the borrower was targeting completion of the refinance on or around 30 June 2018, this was not achieved due to the borrower seeking to renegotiate the agreed settlement sum and make it subject to reserved matters which would have substantially reduced the return to investors. In light of this, and after lengthy discussions with the borrower, we have confirmed that unless he agrees to pay the previously negotiated settlement sum, we will proceed with alternative exit options. We are in preliminary discussions with an interested third party."
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webwizard
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Post by webwizard on Jul 6, 2018 15:22:06 GMT
Well would you believe it! "Whilst the borrower was targeting completion of the refinance on or around 30 June 2018, this was not achieved due to the borrower seeking to renegotiate the agreed settlement sum and make it subject to reserved matters which would have substantially reduced the return to investors. In light of this, and after lengthy discussions with the borrower, we have confirmed that unless he agrees to pay the previously negotiated settlement sum, we will proceed with alternative exit options. We are in preliminary discussions with an interested third party."Actually that was the update last time (22 June), the latest is: After further discussions with the borrower, it is expected that it will be in a position to move forward with legals this week, with a specific completion date to be set thereafter. Further information will be provided as and when we are able to do so.
EDIT: Looks like the above update has now been deleted from the system and it has reverted to the posted one above. Some update error I suspect.
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Monetus
Member of DD Central
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Post by Monetus on Jul 6, 2018 15:33:14 GMT
Well would you believe it! "Whilst the borrower was targeting completion of the refinance on or around 30 June 2018, this was not achieved due to the borrower seeking to renegotiate the agreed settlement sum and make it subject to reserved matters which would have substantially reduced the return to investors. In light of this, and after lengthy discussions with the borrower, we have confirmed that unless he agrees to pay the previously negotiated settlement sum, we will proceed with alternative exit options. We are in preliminary discussions with an interested third party."Actually that was the update last time (22 June), the latest is: After further discussions with the borrower, it is expected that it will be in a position to move forward with legals this week, with a specific completion date to be set thereafter. Further information will be provided as and when we are able to do so. There is a gremlin in their update system I think. The update I posted was there but then removed and the update you have posted is a much older one repeated.
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jsmill
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Post by jsmill on Jul 6, 2018 15:34:04 GMT
Well would you believe it! "Whilst the borrower was targeting completion of the refinance on or around 30 June 2018, this was not achieved due to the borrower seeking to renegotiate the agreed settlement sum and make it subject to reserved matters which would have substantially reduced the return to investors. In light of this, and after lengthy discussions with the borrower, we have confirmed that unless he agrees to pay the previously negotiated settlement sum, we will proceed with alternative exit options. We are in preliminary discussions with an interested third party."Oh you mean it isn't repaying after all? Who saw that coming! Any bets on how long Lendy will string this one out for?
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Monetus
Member of DD Central
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Post by Monetus on Jul 6, 2018 15:36:38 GMT
Well would you believe it! "Whilst the borrower was targeting completion of the refinance on or around 30 June 2018, this was not achieved due to the borrower seeking to renegotiate the agreed settlement sum and make it subject to reserved matters which would have substantially reduced the return to investors. In light of this, and after lengthy discussions with the borrower, we have confirmed that unless he agrees to pay the previously negotiated settlement sum, we will proceed with alternative exit options. We are in preliminary discussions with an interested third party."Oh you mean it isn't repaying after all? Who saw that coming! Any bets on how long Lendy will string this one out for? Cue start of negotiations with the “interested third party” for a few months now...
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