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Messages - Larry321

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Investors - LC / The F grade notes are back
« on: July 07, 2016, 11:00:00 PM »
For the past two days, there have been lots more F and E grade notes listed.
Foliofn - LC /
« on: July 05, 2016, 11:00:00 PM »
I was browsing at loans for sale on the Folio pages.
There are more than a few notes for $150 being sold at a discount of around 2% with $0 paid and 60 payments left.

Doesn't that mean that mean the seller is selling at a loss?
There is one loan, for which the seller, presumeably invested $150 and is selling the loans of $148.98.
There are several other loans with the same sort of discount?
What is the seller's logic in doing that?
How does that benefit the seller?

Also, Folio has loans listed with a negative YTM.
I thought you could not list loans at a negative YTM?
Why would anyone want to buy a negative YTM loan?

Thanks in advance to anyone who answers and clarifies any of tose questions.
Investors - LC / LC Annual Meeting is being Held today
« on: June 27, 2016, 11:00:00 PM »
I was over at Seeking Alpha, and they have news on LC.

Today at 2 ET, they will hold their annual meeting. Share holders and non-share holders will be able to watch and listen to the annual meeting
Link to watch the meeting

Link to the SA article

This is the link from

"The Annual Meeting will reconvene today, June 28, 2016, at 11:00 a.m. Pacific Time with the same virtual meeting access ( Only stockholders of record as of the close of business on April 11, 2016 will be able to vote and ask questions during the meeting using the virtual meeting access. Other interested parties may listen to the audio webcast of the Annual Meeting using the same link above or may dial into a listen-only line by dialing +1 (877) 883-0383, or outside the U.S. +1 (412) 902-6506, with a conference ID 0183459, ten minutes prior to 11:00 a.m. Pacific Time (or 2:00 p.m. Eastern Time)."

I have a work meeting at that time, so I am hoping some of you can listen to it, summarize it here and offer opinions.
LC is getting rid of 179 positions and is making Scott Sanborn CEO.
Investors - LC / New Loans of the E F and G Grades
« on: June 15, 2016, 11:00:00 PM »
I understand now what it must have been for 17th and 18th century sailors to get caught in the doldrums, that low-pressure area around the equator where the prevailing winds are calm and you and your ship sit there for says until some wind finally appears to take you to somewhere where the wind is blowing. For several days, there have been no new E, F or G loans to invest in. Today, finally, there were a few.

My Adjusted Net Annualized Return is at 8.60%.  A few other investors on here claim 9-10%. With no E, F, or G loans, I will never be able to match their wonderful returns!

There seem to be so few of all types of new loans. Or are the good loans being entirely funded so quickly before I even get to see them?

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