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Post by explorep2p on Nov 14, 2017 11:58:31 GMT
Can someone please explain to me, how it is, that - Mogo report shows Borrowings from p2p lenders 5,811,420 EUR, Mintos statistics shows Mogo in Latvia Outstanding €11,465,403 Availiable for investment, Mogo in Latvia ~ 1,000,000 EUR So, platform statistics is showing that Mogo has borrowed ~ 10 000 000 EUR, but report shows 5,811,420 EUR ? Report: blog.mintos.com/mogo-interim-condensed-financial-information-9-month-period-ended-30-september-2017/Statistis: www.mintos.com/en/statistics/Jack It's an interesting question. There's a few things that could help to bridge the gap - at least 1.5m of the loans on Mintos were put on the platform after September 30 (likely much more, it's difficult to calculate this precisely). There is also the 'skin in the game' of 5% that applies against all loans on Mintos. And there is currently 1.3 million of loans unsold but listed as available. The important thing is that they have €30 million of loan receivables and only €6m of P2P funding, so there is no evidence that they hold less loans than they have put onto Mintos. There is also a possibility that other companies within the Mintos group own some of the Latvian loans that are placed onto Mintos.
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Post by jackp2p on Nov 14, 2017 19:39:28 GMT
Ok, I belive we will just need to wait untill both companies release audited annual reports which we can than compare. For the moment I can not find enough reasons for 6+ mill. gap.
Anyway, untill this is regulated they can write whatever data they want in the statistics.
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