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Messages - NoGoodDeed

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16
Introductions / Re: Looking forward to some great discussions
« on: June 11, 2012, 02:05:39 PM »
OK.  But maybe GM is in a good position to assist with an answer...?

17
Investors - P / Re: Class action lawsuit
« on: June 10, 2012, 12:00:31 AM »
I am afraid you are not going to get what you seek from me. All I will say is this. I have spoken to other investors, some with significant sums in both LC and Prosper about their opinion on this lawsuit. They have said they didn't think the lawsuit would be successful. But I didn't probe any further so I cannot tell you the basis of their opinion.

Any sense of whether or not they thought we'd get to the point of Class notifications going out? 

18
Introductions / Re: Looking forward to some great discussions
« on: June 09, 2012, 11:49:08 PM »
We are happy to participate.  In fact, our CEO, Chris Larsen, is now signed up on this forum as well and has already posted a note.
Glenn

He stepped down as CEO.  Will/did CEO Dawn Lepore drop in?

19
Investors - P / Re: Class action lawsuit
« on: June 09, 2012, 11:41:14 PM »
I have never covered this lawsuit simply because I have been told by several people that it has very little merit and will not succeed. I am not a lawyer but on the advice of others I have never covered this lawsuit on my blog.

Who told you that .....

Hi.  I just now registered and hit the "Notify" button because I'm interested in the answer to ira01's question.

Hey, guys, there's still this.

20
"Better platform for returns," perhaps.  But any thought given to what happens to the borrower's payments should Prosper close down?  Those borrower payments go to Prosper and if Prosper's creditors need to be made whole... 

21
Investors - P / Re: Debt Sales
« on: June 08, 2012, 03:28:01 PM »
Hmmm. That is interesting. I am working on a post on debt collection practices and I hope to get to the bottom of this. Stay tuned to the blog.

Did that post go up?  Can somebody direct me to it?
In the agreement with Prosper that early Lenders signed, didn't Prosper obligate themselves to Debt Sales?

22
Investors - P / Re: Class action lawsuit
« on: June 08, 2012, 03:22:40 PM »
I have never covered this lawsuit simply because I have been told by several people that it has very little merit and will not succeed. I am not a lawyer but on the advice of others I have never covered this lawsuit on my blog.

Who told you that .....

Hi.  I just now registered and hit the "Notify" button because I'm interested in the answer to ira01's question.

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