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Messages - dompazz

#1
Just curious, how much would you be willing to pay in fees for an unlevered fund?  Assume it is a traded fund so you could get in and out at will?  What about a levered fund?
#3
Investors - LC / Lending Club Site is Down
June 08, 2016, 11:00:00 PM
8:01am -- and it's down again.
#4
Over the past month I have been buying the cigarette butts on Folio.  Loans with <=12 payments, good credit and payment history were selling for 2-5% discount.  That seems to have dried up. 

I am also seeing more of my notes selling at a premium of >1.5%.  I even sold a note last week that I picked up the week before for a 2.5% discount for a 1.7% markup.  Good times.

The quality of notes getting listed on the primary market in the last few days has picked up (in my eyes).  I'm back to buying there, though I am still not adding new money to LC, just re-investing cash flows. 
#5
Investors - LC /
May 22, 2016, 11:00:00 PM
Cutting the intern program makes sense, even it is not a large cost.  You have federal investigations and are under intense scrutiny by the press.  The last thing you want is a low paid intern to get access to sensitive information and share it with the world.  I saw it as a "closing ranks" move, not a cost savings move.
#7
Investors - LC /
May 18, 2016, 11:00:00 PM
I have not received the letter either.
#9
I'm not sure what is the bigger offense.  A) the board found that the company has falsified records in the deal with Jefferies.  B) The CEO owned a stake in a company he wanted LC to invest in and neglected to tell anyone about the conflict of interest.
#10
https://forum.lendacademy.com/index.php?topic=3778.msg33893#msg33893">Quote"> from: PhilGD on April 27, 2016, 01:31:03 PM
#13
I was chatting with a friend that works as an institutional investor.  He was curious about P2P Lending and Lending Club specifically.  During our discussion, he mentioned how he wouldn't invest in the stock as it has been a dog and I mentioned the huge short interest.  Later we talked about the lack of a bankruptcy remote vehicle and how a LC bankruptcy could really hose retail investors.  In passing he said, "I would just hedge that by shorting the stock." 

That's when it hit me.  The huge short interest in LC stock could very well be hedges by the institutional crowd.

Thoughts?

Anyone out there that is willing to fess up that they, too, already thought of this and are short LC stock?