|
Post by picanto on Jan 28, 2019 12:58:46 GMT
At the time of the result of the vote it took me completely by surprise that Lendy chose the second option despite the vote for the first option overwhelmingly winning. The way Lendy phrased the question made it clear to me that Lendy thought the first option was the most favourable for investors. So I can't for the life of me understand why despite Lendy seeming to favour option 1, the result of the vote favouring option 1, then Lendy decide to go against the vote and choose to go ahead with the second option. The whole thing just doesn't make any sense and unless Lendy can somehow recover the massive amount of loss capital that is inevitably going to happen, then the whole thing shows a complete shambolic disregard towards investors and complete business incompetence from Lendy.
|
|
Mucho P2P
Member of DD Central
Posts: 946
Likes: 1,635
|
Post by Mucho P2P on Jan 28, 2019 13:38:09 GMT
At the time of the result of the vote it took me completely by surprise that Lendy chose the second option despite the vote for the first option overwhelmingly winning. The way Lendy phrased the question made it clear to me that Lendy thought the first option was the most favourable for investors. So I can't for the life of me understand why despite Lendy seeming to favour option 1, the result of the vote favouring option 1, then Lendy decide to go against the vote and choose to go ahead with the second option. The whole thing just doesn't make any sense and unless Lendy can somehow recover the massive amount of loss capital that is inevitably going to happen, then the whole thing shows a complete shambolic disregard towards investors and complete business incompetence from Lendy. Agree fully, someone ought to explain to L the basics, that a bird in the hand is worth 2 in the bush!!
|
|
rocky1
Member of DD Central
Posts: 1,132
Likes: 1,951
|
Post by rocky1 on Jan 28, 2019 14:03:28 GMT
Incompetence,mismanagagement of loans,does anybody really think that liam/lendy gives two f::ks about lenders returns on any of these loans.i feel that our enhanced recovery team are really just here to run it down asap then Liam can lock up and off into the sunset thankyou very much.no matter how many millions lost by lenders will change a thing.what can we do,sue lendy, make claims.NOTHING that's what we can do.
|
|
r1200gs
Member of DD Central
Posts: 1,336
Likes: 1,883
|
Post by r1200gs on Jan 28, 2019 14:12:56 GMT
I expected a loss here, but this is going to be a disaster for me. I hope karma is a real thing, I really do.
|
|
|
Post by GSV3MIaC on Jan 28, 2019 16:54:40 GMT
At the time of the result of the vote it took me completely by surprise that Lendy chose the second option despite the vote for the first option overwhelmingly winning. The way Lendy phrased the question made it clear to me that Lendy thought the first option was the most favourable for investors. So I can't for the life of me understand why despite Lendy seeming to favour option 1, the result of the vote favouring option 1, then Lendy decide to go against the vote and choose to go ahead with the second option. The whole thing just doesn't make any sense and unless Lendy can somehow recover the massive amount of loss capital that is inevitably going to happen, then the whole thing shows a complete shambolic disregard towards investors and complete business incompetence from Lendy. Agree fully, someone ought to explain to L the basics, that a bird in the hand is worth 2 in the bush!!
But what makes you think the bird was ever in the hand? I suspect the £11m offer was every bit as real as the other offers we keep hearing about (the ones for PBL103, for instance), and Ly worked that out before making the mistake of accepting it (and iirc it came with the 'full and final, don't chase me for any more' caveat). Some distrust Ly, some distrust the borrower(s), some are smarter and distrust anything which moves (and many things which don't).
This may make the toxic waste tip, or the 'buy by the sq m' cemetery loans (neither of which materialised) look like great deals ..
|
|
rocky1
Member of DD Central
Posts: 1,132
Likes: 1,951
|
Post by rocky1 on Jan 28, 2019 17:37:20 GMT
how the heck can our security be only 500k.i hope the enhanced recovery team come clean on this and all the other bad loans in this much awaited update at the end of january.lendys claims of 30 point DD before loans were brought to the platform cannot be believed.i cant see how this can happen on this loan and we have still got all the other sh*te to come.the new team should tell it like it is as it seems the rest of lendys crew apart from liam has jumped ship and long gone.lendy have been just as bad as these borrowers and liam brooke is ultimately to blame for all the deceit and ducking and diving for his own gains.
|
|
|
Post by loftankerman on Jan 28, 2019 17:50:25 GMT
Well if all we have to settle for is a pound of flesh instead, all that's going to be left of Liam is his stripey shirt.
|
|
|
Post by mrclondon on Jan 28, 2019 18:52:10 GMT
I've just removed a number of posts from view that either stated £££ figures or requoted posts that did.
Providing that level of detail on this thread will ensure you will end up getting LESS than those figures as any potential buyer will know where to aim their bids.
Apologies if any sensible points of view have been chopped, its not feasible to moderate so many posts individually.
|
|
|
Post by loftankerman on Jan 28, 2019 19:01:03 GMT
I've just removed a number of posts from view that either stated £££ figures or requoted posts that did.
Providing that level of detail on this thread will ensure you will end up getting LESS than those figures as any potential buyer will know where to aim their bids.
Apologies if any sensible points of view have been chopped, its not feasible to moderate so many posts individually.
Thank you!
|
|
|
Post by masquedefer on Jan 28, 2019 20:52:42 GMT
Are we able to mention the upper range figure which is about £3 million more than the average recovered amount assumed by the administrator? I also recommend administrator obtain further independent valuations.
|
|
|
Post by masquedefer on Jan 28, 2019 20:53:08 GMT
Are we able to mention the upper range figure which is about £3 million more than the average recovered amount assumed by the administrator? I also recommend administrator obtain further independent valuations.
|
|
|
Post by loftankerman on Jan 28, 2019 21:01:01 GMT
Are we able to mention the upper range figure which is about £XXXXXX more than the average recovered amount assumed by the administrator? I also recommend administrator obtain further independent valuations. 1. So you don't think the moderator's recent post might apply to your somewhat pointless comment quoting figures? 2. I'm sure the administrator has been scouring this forum looking for pearls of wisdom such as your suggestion on having further valuations.
|
|
|
Post by p2plender on Jan 28, 2019 23:23:55 GMT
This was deemed one of the 'better' loans!!
How Lendy has gotten away with what it has the last 2 years I'll never know.
|
|
|
Post by meg on Feb 1, 2019 14:10:12 GMT
This is my biggest investment in Lendy. I feel slightly out of the loop in terms of what is happening compared to other people on here. I'm obviously not happy about the valuation being so much lower but where are you all finding out these further details? I cant see anywhere on the updates about them taking them to court? Or specific value details... if anyone can point me in the right direction so i can follow it more closely I'd be grateful.
|
|
one21
Member of DD Central
Posts: 398
Likes: 265
|
Post by one21 on Feb 1, 2019 14:15:41 GMT
This is my biggest investment in Lendy. I feel slightly out of the loop in terms of what is happening compared to other people on here. I'm obviously not happy about the valuation being so much lower but where are you all finding out these further details? I cant see anywhere on the updates about them taking them to court? Or specific value details... if anyone can point me in the right direction so i can follow it more closely I'd be grateful. Ditto - I would be most grateful also ! Cheers
|
|