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Post by dualinvestor on Sept 18, 2016 9:33:28 GMT
Seems to me this is just point scoring a la primary school playground. Can anyone take seriously posts by SS on a forum late Saturday night? They really ought to grow up and post this thing on their own website so everyone can see it, and perhaps at least in daylight hours not the exact middle of the weekend. Not the sort of mature approach one would expect from a business handling more than £100 million of other people's money, Dualinvestor - you couldn't be more wrong. We launched a loan on Saturday, and undertake business often on a Sunday. Leaving a message on the forum on a Saturday night just means that we are thinking of the business and our investors and that ' there is no time like the present' which has been our mantra from day 1. Deliberation often leads to Procrastination so better to take action and move forward. It also gives our investors as much time as possible to get their personal affairs in order so that they do not miss out on an opportunity that will happen early on in the week. We phrased the post rather cryptically as it is a rather ' interesting conundrum' and was an opportunity to think on a macro P2P scale rather than having a specific loan in mind. Would you rather we don't engage at all with the forum? Reactions like yours might push platforms to take that stance. Really? You choose to post this on a forum late on a Saturday night but not your own Web site? There are plenty of other subjects you don't engage with the forum about at more normal times why is this so different?
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shimself
Member of DD Central
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Post by shimself on Sept 18, 2016 9:36:05 GMT
Aren't we being offered 12% on both platforms, why has the borrower switched platforms?
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oldgrumpy
Member of DD Central
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Post by oldgrumpy on Sept 18, 2016 9:42:24 GMT
Because MT was unable to arrange the full development cost of this project.
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ped
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Post by ped on Sept 18, 2016 9:52:08 GMT
Aren't we being offered 12% on both platforms, why has the borrower switched platforms? 13% on MT? and they are not quite big enough yet. The bit we don't know is what rate the borrower is paying to either platform.
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Post by dualinvestor on Sept 18, 2016 10:01:54 GMT
Because MT was unable to arrange the full development cost of this project. Have SS said they are then? Or have they said they have underwriters for the full amount? Or are they relying on being able to raise funds for each tranche as it arises?
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ablender
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Post by ablender on Sept 18, 2016 10:04:11 GMT
We phrased the post rather cryptically as it is a rather ' interesting conundrum' and was an opportunity to think on a macro P2P scale rather than having a specific loan in mind. Algebraic representation of a particular situation is often used when it can arise in multiple instances. It is also used in algorithmic thinking (example: pseudocode for a software). I do not see any problem with how savingstream presented their OP.
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Sept 18, 2016 10:08:18 GMT
Seems to me this is just point scoring a la primary school playground. Can anyone take seriously posts by SS on a forum late Saturday night? They really ought to grow up and post this thing on their own website so everyone can see it, and perhaps at least in daylight hours not the exact middle of the weekend. Not the sort of mature approach one would expect from a business handling more than £100 million of other people's money, Would you rather we don't engage at all with the forum? Reactions like yours might push platforms to take that stance. Please don't leave... you only just came back  Guys; give savingstream some slack here; they were criticised for not engaging & now they are being criticised for engaging. There was nothing wrong with their OP. savingstream; the majority of us appreciate your input here and hope it continues  .
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woodie
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Post by woodie on Sept 18, 2016 10:25:08 GMT
There was everything wrong with their OP. The more I read about SS the less I like them ... and as another example read the 46 pages on Loan 20.
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dovap
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Post by dovap on Sept 18, 2016 10:27:55 GMT
Would you rather we don't engage at all with the forum? Reactions like yours might push platforms to take that stance. Please don't leave... you only just came back Guys; give savingstream some slack here; they were criticised for not engaging & now they are being criticised for engaging. There was nothing wrong with their OP. savingstream ; the majority of us appreciate your input here and hope it continues . in your opinion there's nothing wrong with the OP. looked quite snidey in mine still an update or any information with remotely any accuracy would be quite novel
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cooling_dude
Bye Bye's for the PPI
Posts: 2,853
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Post by cooling_dude on Sept 18, 2016 10:29:41 GMT
There was everything wrong with their OP. The more I read about SS the less I like them ... and as another example read the 46 pages on Loan 20. 's OP was perfectly reasonable; they don't want a lull and are asking investors to have their accounts ready for the new loan. They expect that some MT investors may follow the loan, and this will create a situation where party A is waiting for funds, while party B is waiting for those same funds to send!
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ablender
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Post by ablender on Sept 18, 2016 10:32:43 GMT
Please don't leave... you only just came back Guys; give savingstream some slack here; they were criticised for not engaging & now they are being criticised for engaging. There was nothing wrong with their OP. savingstream ; the majority of us appreciate your input here and hope it continues . in your opinion there's nothing wrong with the OP. looked quite snidey in mine still an update or any information with remotely any accuracy would be quite novel : You use the word "snidey". I have to admit I had to go and look up its meaning. I re-read the OP and I cannot find anything derogatory about it. It simply states a fact. Can you please explain as I cannot understand your position.
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littleoldlady
Member of DD Central
Running down all platforms due to age
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Post by littleoldlady on Sept 18, 2016 11:00:29 GMT
I don't agree with the criticisms above of the OP which I thought was reasonable. However I would point out that their last sentence (SS cannot be expected to bridge that shortfall.) rather misses the point that SS has no alternative but to do so AFAICS. Whether parts which are unpaid for are sitting in lenders' accounts or are on the SM makes no difference to the bridging finance position (although it does to the interest). Or am I missing something?
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arbster
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Post by arbster on Sept 18, 2016 11:03:34 GMT
I don't agree with the criticisms above of the OP which I thought was reasonable. However I would point out that their last sentence (SS cannot be expected to bridge that shortfall.) rather misses the point that SS has no alternative but to do so AFAICS. Whether parts which are unpaid for are sitting in lenders' accounts or are on the SM makes no difference to the bridging finance position (although it does to the interest). Or am I missing something? I think what you're missing is that people who have unfunded parts might have them taken away more promptly than usual, making them available to the big fish that inhabit the SM. I wouldn't expect the SM to have any available - it's a big loan, bit not that big.
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Liz
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Post by Liz on Sept 18, 2016 11:04:21 GMT
savingstream I can't clear my negative balance because I tried to sell some PBL128 and it doesn't show on the SM; clearly another glitch. My part is 10.3% sold!!! As soon as someone else sells PBL128, it will fix for me but pass the problem on.
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fp
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Post by fp on Sept 18, 2016 11:06:21 GMT
savingstream I can't clear my negative balance because I tried to sell some PBL128 and it doesn't show on the SM; clearly another glitch. My part is 10.3% sold!!! As soon as someone else sells PBL128, it will fix for me but pass the problem on. I plan on selling my PBL128 to fund my purchase, so it looks like i'll be setting my pre-fund at zero!
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