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Post by dodgeydave on Aug 29, 2017 2:00:22 GMT
Very amusing actually.
So we have a platform that had 2 loans last month and 1 loan this month. Looking to get extra money onto the platform.
The important issue has to be are ReBS trying to bring some quality loans to the platform.
We were promised 10 to 15 loans per month for July and August , that never happened .
How long can this farce continue , what is the profit to ReBS on a 37k loan. I cant see that paying many wages.
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c88dnf
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Post by c88dnf on Aug 29, 2017 21:39:56 GMT
Your only hope is probably to offer a 5% discount and sell them to a bigger mug .. 8>. Although you may have missed the boat by now .. unless you believe Mr Barnum ('one born every minute'). I note that ReBS are possibly attempting to recruit more "bigger mugs" via this forum, inviting those who've expressed an opinion on the recent Funding Circle changes to join their site, stating that they are "keen to pick up customers irritated by the recent FC changes". At least - I assume a similar PM was copy-pasted to plenty of other people who made minor contributions to that thread... seems that recruit-to-dilute might not be an outdated concept? You never know - perhaps they'll successfully recruit enough "bigger mugs" to allow the current set of mugs to exit... I too have been the lucky recipient of a PM solicitation to join ReBS. PM sent to admin, though such a cackhanded message was enough to make me immediately smell several rodents.
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adrian77
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Post by adrian77 on Sept 24, 2017 15:43:14 GMT
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Post by captainconfident on Sept 26, 2017 8:06:29 GMT
What did you find interesting in this year old article about FundingKnight?
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oldgrumpy
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Post by oldgrumpy on Sept 26, 2017 8:52:55 GMT
What did you find interesting in this year old article about FundingKnight? Far more interesting is what GLI/Sancus have up their sleeve now that Funding Knight has full FCA authorisation. I'll bet they are working on an IFISA for launch within a few months (early 2018?) with a grand resuming of FK activities. (They've still got Kay  )
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Post by captainconfident on Sept 26, 2017 9:01:40 GMT
With you all the way, OG. Through their still active SM, I've taken large positions in a few FK loans. Regarding speculation about REBS, I've said before that this is unfair to the company to do this and I think admin should caution against it. We are protected to a great extent by their FCA registration, as outlined here:- www.4thway.co.uk/candid-opinion/what-happens-when-a-p2p-lending-website-goes-bust/REBS business model is different and is a valuable component of a ...um... calorie controlled diet. |
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adrian77
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Post by adrian77 on Sept 30, 2017 19:41:48 GMT
Having read this assertion which may or may not be true I have done a bit of digging with my beloved 3-legged bloodhound - not sure what to make of what I have found but it is all very interesting regarding very recent director changes etc. I have also looked at the latest returned accounts and charges with other director related companies. Doubtless some accountant will do the same and post his/her conclusions on this forum...in the meantime I am not reversing my decision to sell-up which may be my loss but I like to be cautious with my hard-earned money.
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adrian77
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Post by adrian77 on Oct 1, 2017 9:17:40 GMT
I too have only failed loans left in and share your prediction. That said I guess professional investors have flagged REBS as a cheap buy about to come onto the market and with better management and more resources it could take off - but in the meantime I AM OUT.
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