11025
Member of DD Central
Posts: 740 
Likes: 862
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Post by 11025 on Mar 18, 2018 10:55:39 GMT
why not have an OPTION 4
Explain fully Lendy's behaviour in this , their DD etc, what exactly has gone wrong and why this is in such a horrendous mess ,
then give Investors proper information to make a decision to go forward
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MarkT
Member of DD Central
Posts: 190
Likes: 159
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Post by MarkT on Mar 18, 2018 11:09:29 GMT
why not have an OPTION 4
Explain fully Lendy's behaviour in this , their DD etc, what exactly has gone wrong and why this is in such a horrendous mess ,
then give Investors proper information to make a decision to go forward Some time ago I posted that Lendy needed to become a "learning organisation" if it was to survive and prosper. This was in regard to two loans, the Tin Shed and the Pig Farm. Sadly I see little evidence to suggest that Lendy has taken this advice on board.
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Post by harryvederci on Mar 18, 2018 11:21:50 GMT
theres a very recent local press article which proves illuminating as to the current status (and the parties involved) which you can also x ref to the most recent planning amendment docs.
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Post by charliebrown on Mar 18, 2018 12:02:04 GMT
How is it possible to make any informed voting choice when the 'informed' aspect is totally missing from Lendy's description of the situation - like what are the planning issues ? "We were also advised that due to planning issues not identified by the relevant parties during our initial due diligence period, any sale of the Property was significantly restricted."From the phraseology used in 'The three options' it is clear that Lendy don't want to be bothered with options 2 & 3, so I'd guess at an 80+% of the vote being in favour of option 1. You literally 'pays your money and makes your choice' and in the present circumstances, my choice will probably be for option 1. Totally agree. I think LY want option 1 and option 2 and 3 are worded in a way that would persuade most towards the option 1 loss. If i was a vindictive guy i would be tempted to vote for 3 just to annoy LY, but of-course they would continue to bleed the security for the privilege and the appointment of a 'planing consultant' would most likely be the same chimps that miss-valued and overlooked the land ownership problems in the first place. Lender losses wouldn’t directly cause a platform failure, after all lenders take the hit not the platform. However, the indirect consequences of losses worries me greatly. The bad sentiment towards LY has been building and building and building. LY seemingly don’t care and their arrogance and apathy knows no bounds. Lenders are voting with their feet and that spells big trouble. The LY machine cannot function unless new loans are being filled and poured into the top end of the funnel even when nothing decent ever seems to come out of the bottom end of the funnel. I don’t feel that LY can continue as they are. If the bad news and bad sentiment continues then new loans won’t fill and LY will collapse. Personally that’s why I have continued to invest in the new loans, as a platform collapse would be more catastrophic for me than some partial capital losses on some bad loans.
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Post by GSV3MIaC on Mar 18, 2018 12:22:14 GMT
theres a very recent local press article which proves illuminating as to the current status (and the parties involved) which you can also x ref to the most recent planning amendment docs. How about posting the link over on DDC (You are eligible to join), or failing that PM it to me or someone else who can do so ?
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Post by harryvederci on Mar 18, 2018 13:20:48 GMT
thanks GSV3MIaC & link sent.
Also thanks for dd forum mention, but to be fair I dont really have the time to engage with another forum as i'm in full withdrawal mode from p2p and 100% on the equities markets, as the risk/yield profile suits me better...just a matter of individual choice.
Good luck to all who remain!
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Post by Butch Cassidy on Apr 5, 2018 16:17:52 GMT
Just under 50% of my holding has repaid, actually 46.6% but no explanation or e-mail given - don't look a gifthorse in the mouth I suppose 
Edit: Explanatory e-mail now received - £1.5m returned with possibly another £400k (withheld VAT) to follow, pending HMRC approval
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sl75
Posts: 2,092
Likes: 1,245
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Post by sl75 on Apr 5, 2018 16:24:18 GMT
Just under 50% of my holding has repaid, actually 46.6% but no explanation or e-mail given - don't look a gifthorse in the mouth I suppose My email was received just a couple of minutes after you posted... check again? I don't really understand why VAT enters into the picture at all, but agree that I'd rather have the undisputed amount whilst someone figures out the final paperwork and official confirmation.
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littleoldlady
Member of DD Central
Running down all platforms due to age
Posts: 3,045
Likes: 1,862
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Post by littleoldlady on Apr 5, 2018 19:03:38 GMT
Anyone planning to claim the loss in this tax year?
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11025
Member of DD Central
Posts: 740
Likes: 862
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Post by 11025 on Apr 11, 2018 11:33:29 GMT
This is now showing as available on the secondary market ,
anyone care to comment ?
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Liz
Member of DD Central
Posts: 2,426
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Post by Liz on Apr 11, 2018 12:05:56 GMT
This is now showing as available on the secondary market ,
anyone care to comment ? Sell! Clearly it shouldn't be and you should contact Lendy.
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11025
Member of DD Central
Posts: 740
Likes: 862
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Post by 11025 on Apr 11, 2018 12:30:31 GMT
This is now showing as available on the secondary market ,
anyone care to comment ? Sell! Clearly it shouldn't be and you should contact Lendy. Ha ha yes , I put it on the sec market before posting !
lol
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Post by brock on Apr 11, 2018 12:42:20 GMT
Ah! A chance to top up!  |
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11025
Member of DD Central
Posts: 740
Likes: 862
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Post by 11025 on Apr 11, 2018 12:43:36 GMT
Ah! A chance to top up! Better be quick though ⭐
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11025
Member of DD Central
Posts: 740
Likes: 862
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Post by 11025 on Apr 11, 2018 12:53:29 GMT
It looks like I have inadvertently started a competiton to see how much can be listed before they notice  |
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