toffeeboy
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Post by toffeeboy on Jan 10, 2017 17:34:49 GMT
I give up, if many of you are prepared to put up with the omission, as standard practice, of very important and basic material facts then so be it, fine. <redacted> I didn't think that was an insult registerme , as most forumites know if I was connected to any P2P sites then it would have to be disclosed in my profile and show up whenever I made a post on the site to let everyone know I was connected to that site.
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ozboy
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Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on Jan 10, 2017 17:47:59 GMT
Thank you toffeeboy, you are a gentleman, much more than I am, and I withdraw my comment. Wait a minute, it's been withdrawn for me! :-)
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Post by Ton ⓉⓞⓃ on Jan 10, 2017 17:52:23 GMT
I give up, if many of you are prepared to put up with the omission, as standard practice, of very important and basic material facts then so be it, fine. <redacted> I didn't think that was an insult registerme , as most forumites know if I was connected to any P2P sites then it would have to be disclosed in my profile and show up whenever I made a post on the site to let everyone know I was connected to that site. It's a difficult balance, I didn't take it that seriously but others viewing might easily so do, now if there was a smilie after it there would've been no doubt. But it's all tidied up now anyway
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Post by supernumerary on Jan 10, 2017 17:54:05 GMT
I have taken the time to go back through previous postings made by Saving Stream, to find this quote, which IMHO, is pertinant to the due diligence performed by Saving Stream; 2: " complete lack of DD" we take offence at that. Our DD was incredibly tight behind the scenes not just on the land but also the borrower, his track record, his personal wealth and other information such as a large grant being made by the local council. One of the downsides of the P2P form of funding is that a very vocal minority can cause big ripples very quickly. Lack of DD was not the problem, lack of access to commercially sensitive information was. And this will happen again in the future, we just cannot put some info out into the public domain for various reasons - it is our intention to be absolutely transparent with as much as possible but sometimes it is not possible to do so. We do rely on your trust in our capabilities to a large extent and hope everyone understands that. PLEASE see the attachment for the FULL Saving Stream post, dated the 8th March 2016. Attachments:
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toffeeboy
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Post by toffeeboy on Jan 10, 2017 18:07:51 GMT
I didn't think that was an insult registerme , as most forumites know if I was connected to any P2P sites then it would have to be disclosed in my profile and show up whenever I made a post on the site to let everyone know I was connected to that site. It's a difficult balance, I didn't take it that seriously but others viewing might easily so do, now if there was a smilie after it there would've been no doubt. But it's all tidied up now anyway Starting to sound like my girlfriend there with her usual comment of "how was I suppose to know it was a joke if you didn't put a smiley face after it" apparently get a sense of humour and you'd know it was a joke isn't the correct reply
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Liz
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Post by Liz on Jan 10, 2017 18:13:37 GMT
It's a difficult balance, I didn't take it that seriously but others viewing might easily so do, now if there was a smilie after it there would've been no doubt. But it's all tidied up now anyway Starting to sound like my girlfriend there with her usual comment of "how was I suppose to know it was a joke if you didn't put a smiley face after it" apparently get a sense of humour and you'd know it was a joke isn't the correct reply Back on topic Is it just me investing in this loan; If it isn't shelved. I have sold a loan part to fund this, this morning. Back to the SM-FFF.
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toffeeboy
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Post by toffeeboy on Jan 10, 2017 18:19:38 GMT
Starting to sound like my girlfriend there with her usual comment of "how was I suppose to know it was a joke if you didn't put a smiley face after it" apparently get a sense of humour and you'd know it was a joke isn't the correct reply Back on topic Is it just me investing in this loan; If it isn't shelved. I have sold a loan part to fund this, this morning. Back to the SM-FFF. I get the feeling that ozboy might be investing in this
If it isn't shelved is the right thing to say I think as don't think that this is going out today.
I am still investing but the amount has definitely dwindled throughout the day as I get more and more uncertain, if it doesn't go out today then I might change my mind completely and give it a miss.
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guff
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Post by guff on Jan 10, 2017 18:34:49 GMT
Wait a minute, it's been withdrawn for me! :-) Just like that!
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on Jan 10, 2017 18:38:56 GMT
No, SS won't get my spondoolies for either of these. I'm a simple guy (simpleton?!) - if something ultra basic is not alluded to, what else lurks beneath? I'm deffo out. As an Epilogue, I get the feeling that this issue will (hopefully) not arise in the future. For the time being anyway. :-) Happy Investing All!
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mason
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Post by mason on Jan 10, 2017 18:55:14 GMT
It would seem that there is a larger issue at hand here. As I understand it, SS has been informed that they have provided prospective investors in this loan with factually incorrect and misleading information. If they now go ahead and launch the loan without clarifying the situation, then they will be straying from an act of oversight to an act of deception. I'll be watching how this situation develops with keen interest.
As someone earlier in the thread said, if it doesn't smell right, don't invest. That applies at the platform level as well as the loan level.
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twoheads
Member of DD Central
Programming
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Post by twoheads on Jan 10, 2017 19:02:32 GMT
I don't think this will go live soon. [Probably wrong... as usual.]
However, I will invest in both but not for full term... probably sell after around 8 months (or shorter if more negative information appears).
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,162
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Post by ozboy on Jan 10, 2017 19:05:39 GMT
I think you and Guff, and a few others, are getting my drift, mason!
I will go on a Learn To Articulate Course immediately.
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mason
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Post by mason on Jan 10, 2017 19:22:58 GMT
I don't think this will go live soon. [Probably wrong... as usual.]
However, I will invest in both but not for full term... probably sell after around 8 months (or shorter if more negative information appears). There are no guarantees when it comes to selling out early. Personally, if I wouldn't be willing to hold to full term, I wouldn't invest. That said, I always avail myself of the opportunity to let someone else step in at the end of the term if I can and so far that has always worked for me.
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dandy
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Post by dandy on Jan 10, 2017 19:27:16 GMT
SS need to keep writing loans of greater value than those entering negative territory for obvious reasons. how else can the payment of interest on negative loans be afforded. its a very simple business model. like cash flow projections and stuff
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Jeepers
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Post by Jeepers on Jan 10, 2017 19:28:22 GMT
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