the financial health of Bondora
Jul 27, 2016 2:31:32 GMT
JamesFrance, gmaxkenny, and 1 more like this
Post by james on Jul 27, 2016 2:31:32 GMT
Platform risk is one of the most significant issues for investors because it can lead to losses far larger than just one borrower. To assist in evaluating the financial health of Bondora please:
1. Say approximately how much of its own money Bondora has in bank accounts in its own name
2. Say approximately what the monthly costs for Bondora are, including all things.
3. Say what other money is committed to be available to cover those costs.
4. Say how many months of ongoing operations at current spending level can be sustained from the existing sources.
Part of the reason for this question is that it seems that Bondora may now be getting close to the point at which all money from the last known fund raising has been spent. But that is a very poor confidence level guess.
Of course actual numbers will be sensitive so percentages for things other than months may be useful
Since this is a risk management exercise, naturally I and other lenders will choose to be cautious and seek to withdraw money or stop lending well before the risk can change from risk to "it happened". Which of course is why I'm giving Bondora the opportunity to provide data to lenders that can demonstrate that this change is a long way in to the future: I prefer not to sell loans and withdraw the money.
1. Say approximately how much of its own money Bondora has in bank accounts in its own name
2. Say approximately what the monthly costs for Bondora are, including all things.
3. Say what other money is committed to be available to cover those costs.
4. Say how many months of ongoing operations at current spending level can be sustained from the existing sources.
Part of the reason for this question is that it seems that Bondora may now be getting close to the point at which all money from the last known fund raising has been spent. But that is a very poor confidence level guess.
Of course actual numbers will be sensitive so percentages for things other than months may be useful
Since this is a risk management exercise, naturally I and other lenders will choose to be cautious and seek to withdraw money or stop lending well before the risk can change from risk to "it happened". Which of course is why I'm giving Bondora the opportunity to provide data to lenders that can demonstrate that this change is a long way in to the future: I prefer not to sell loans and withdraw the money.
