PBL143 - J** House, ***** Rd, London, NW5 *** REPAID

Same here. I'm surprised at the amount of fuss about the exact launch time; admittedly they shouldn't have been so precise unless they were certain to deliver.

It's a wonder that any kind of financial organisation is working at the weekend, and it's great to have them make the effort to contribute here. Unfortunately they're not going to please everyone whatever they say. It must be frustrating.

I only live around the corner from SS. I wondered earlier whether some people might encourage me to go and petulantly stamp my foot outside SS towers until the PBL was launched.
Incidentally, has anyone had a chance to see the fascinating grade 2 listed pile they inhabit? Distinct shades of Addams family, it really is amazing.
The name of the house also appears to be spelled incorrectly on the SS web site and companies house documents. Duh.

I'm really surprised that people continue to think that the fuss was about the exact launch time.  It wasn't.  The worst of the fuss started when SS claimed there hadn't been a delay.  The words they chose to use didn't help, but the real problem was their denial that any delay had occurred.

It's remarkable how many brand new forum accounts have been created this weekend by "heavy investors" in Saving Stream to complain about this loan and to say they're pulling out of Saving Stream as a result.  I'd never have thought big hitters could be so emotional and impulsive...

B*** sHitters, even  .

2 cents worth:

1) savingstream communication has always been generally poor.  They were better at the beginning but have no consistency at all.  It's a small company and what you get is based on the character of the individuals. They need a communication/marketing manager who is better versed in dealing with investors.
2) Some loans are very good, some not so good. There is a need to be selective.
3) The SM being clogged up is nothing new.  Whenever they have released too much this has happened. They recalled the large batch of London loans when they were not going to be filled.  There is a certain capacity that will easily fill. The new loan is above that.  They may or may not take up the slack.
4) Prefunding for such a large loan is silly.  And the numbers they get in will never be a true reflection of actual demand. 
5) There are some good pickings but there is a herd mentality. When fewer people buy, then all stop buying. I am now topping on other safer loans which 2 days ago would have been snapped up!

I would like to take this quote as the starting point. As I see it, there can be two main reasons for the current swell in SM,
i) people want to get out due to discontent as expounded in this thread above,
ii) people need to sell because they have over under-estimated how much they will get from this prefund.

Isn't this creating a situation where people are loosing out on interest while potentially putting off buyers?

I am aware of the queues and no one want to be the one of loosing their place, but as I see it, at least based on what I observed in the past, this glut will not last so why loosing out on interest unless one is very tight for money (over prefunding or necessities of life). 

This makes me wonder if the people who said that they will pull out are actually doing this (pull out vs need for funding pbl143) and if so whether they are acting in a rational way.

Thinking about it, there can be another possibility, as arbster pointed out, there have been a "remarkable" amount of new members. Possibly they do not have the past experience of the waves created in the SM of this stream. This can frighten people. As with rivers, if there is a fork, make sure you take the correct turn. The wrong one may lead to a waterfall.

Thanks mikes1531 - Corrected

Are you talking about meerkats?