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Messages - Tomp

#1
Is your primary source a Lending Club press release?
#4
Been saying these men are incompetent crooks since LC was at $25.....hmm why do think Larry just resigned from the Board.
#6
Investors - LC / Dear LC
December 01, 2017, 11:00:00 PM
For the 100th time. They need to FIRE the CIO. It's that simple. They need to fire the CEO. That's even simpler.
#7
Investors - LC / LC Cash on Balance Sheet Down
November 07, 2017, 11:00:00 PM
EXACTLY!!!! and they lost Creg.....and Scott Sanborn and CFO "DON'T KNOW" the number of repeat borrowers.  How much of the origination was churn?

Why is the credit team being fired?https://forum.lendacademy.com/Smileys/default/huh.gif" alt="???" title="Huh" class="smiley" />
#8
Investors - LC / Excess interest payments
September 21, 2017, 11:00:00 PM
lol...LC doctored loan documents (i.e.. committed fraud) I have zero doubt that they take over payments into income and never refund the borrower. Their business is built on churn, charging origination fees and prepayment fee to investors.

On that note, what is the status of the springstone write-off. LC ran that business into the ground. No doubt overstated value on the balance sheet now
#9
Good God! so you are saying your investment thesis is "hope". lol