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Author Topic: Fred93 blog - Prosper.com is near bankruptcy  (Read 39532 times)

Fred93

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Fred93 blog - Prosper.com is near bankruptcy
« on: January 29, 2010, 04:03:40 am »
The title says it all.  The blog post includes some boring numerical backup.

http://fred93blog.blogspot.com/2010/01/prospercom-is-near-bankruptcy.html

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bamalucky

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Re: Fred93 blog - Prosper.com is near bankruptcy
« Reply #1 on: January 29, 2010, 07:48:33 am »
I'm guessing Tiffany fox will be responding soon
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God-Father

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Re: Fred93 blog - Prosper.com is near bankruptcy
« Reply #2 on: January 29, 2010, 08:03:35 am »
If she is still there.   ;)
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112233

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Re: Fred93 blog - Prosper.com is near bankruptcy
« Reply #3 on: January 29, 2010, 08:06:00 am »
I agree. I think having a light-hearted exchange with bama is grounds for immediate dismissal.
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NewHorizon

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Re: Fred93 blog - Prosper.com is near bankruptcy
« Reply #4 on: January 29, 2010, 08:55:22 am »
Quote from: God-Father on January 29, 2010, 08:03:35 am
If she is still there.   ;)

Lemme quash that little specter of doubt...
I got Email from her just yesterday.

But of course maybe she's not a full time employee any more and she's just paid hourly to respond to Emails so that it LOOKS like all's well.  (I offer this thought as fodder for the the conspiracy theorists out there.  ;D )
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cowdiddly

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Re: Fred93 blog - Prosper.com is near bankruptcy
« Reply #5 on: January 29, 2010, 09:19:32 am »
Would you guys pipe down. I still have 600 dollars in 20 loan to extract before they are seized as collateral. I need guys like reflective rupee, cash cowboy,midlife crisis ect for a few more months.
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bamalucky

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Re: Fred93 blog - Prosper.com is near bankruptcy
« Reply #6 on: January 29, 2010, 09:20:54 am »
I think Prosper should put up loan requests to finance operations but then again that might scare the lenders off
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NewHorizon

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Re: Fred93 blog - Prosper.com is near bankruptcy
« Reply #7 on: January 29, 2010, 09:32:12 am »
How about an IPO instead?   ;D
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bamalucky

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Re: Fred93 blog - Prosper.com is near bankruptcy
« Reply #8 on: January 29, 2010, 09:46:47 am »
Quote from: NewHorizon on January 29, 2010, 09:32:12 am
How about an IPO instead?   ;D

Sadly you can't short an IPO for 30 days
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112233

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Re: Fred93 blog - Prosper.com is near bankruptcy
« Reply #9 on: January 29, 2010, 09:56:57 am »
Quote from: bamalucky on January 29, 2010, 09:46:47 am
Quote from: NewHorizon on January 29, 2010, 09:32:12 am
How about an IPO instead?   ;D

Sadly you can't short an IPO for 30 days
what about buy put options? So far, I haven't found a clear answer on that.
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NewHorizon

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Re: Fred93 blog - Prosper.com is near bankruptcy
« Reply #10 on: January 29, 2010, 10:30:31 am »
Quote from: bamalucky on January 29, 2010, 09:46:47 am
Quote from: NewHorizon on January 29, 2010, 09:32:12 am
How about an IPO instead?   ;D

Sadly you can't short an IPO for 30 days

You'll have plenty of time....   :)
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christoofar215

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Re: Fred93 blog - Prosper.com is near bankruptcy
« Reply #11 on: January 29, 2010, 10:52:53 am »
There will be no peep from Prosper on this one.

BK'ers tend to hide.
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moneytree4172

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Re: Fred93 blog - Prosper.com is near bankruptcy
« Reply #12 on: January 29, 2010, 11:19:57 am »
I'd never really thought about Prosper as a borrower.  But reading this, I realized I had missed the obvious.  Prosper's disdain for lenders might stem from the fact that Prosper itself, is a borrower with near non-existent credit options.
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Mark12547

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Re: Fred93 blog - Prosper.com is near bankruptcy
« Reply #13 on: January 29, 2010, 11:35:59 am »
With Prosper appearing so close to bankruptcy (at least functionally), and the latest Notes being Prosper's property instead of the Lenders' property, why would anyone be a Lender on Prosper now?
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christoofar215

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Re: Fred93 blog - Prosper.com is near bankruptcy
« Reply #14 on: January 29, 2010, 11:38:57 am »
I just emailed Fred's link to reflective-rupee.   8)
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