|
ira01
|
 |
« Reply #120 on: December 15, 2008, 12:51:05 PM » |
|
Prosper got $40M of VC, not $20M..
Are we really sure Prosper got the entire $40 million? Did the VCs write a $20 million check, followed by another $20 million check? I suspect not. I bet Prosper was promised $40 million, but the VCs make payments. Perhaps 40 $1 million installments. Which, undoubtedly, stopped when the securities violations were found. (I mean "quiet period" started.)  It appears from their S-1 that Prosper received the whole $40M. The investments were structured as stock sales, so the VC got Prosper stock and Prosper got VC cash. Furthermore, Prosper's cash on hand, also from the S-1, is consistent with their receipt of the entire $40M. |
|
|
|
« Last Edit: December 15, 2008, 08:21:28 PM by ira01 »
|
Logged
|
|
|
|
|
Senator
|
|
« Reply #121 on: December 15, 2008, 08:08:53 PM » |
|
Are we really sure Prosper got the entire $40 million?
No, it appears from their S-1 that Prosper received the whole $40M. You mean "Yes" where you say "No", right? |
|
|
|
|
Logged
|
Stats as of 3/5/2010:
Total withdrawals: $3,460.37 minus (-) Total deposits: $3,600.00 = ($139.63)
Cash balance: $0
Principal value of active notes: $1.73
Total active notes: 1 of 70.
Successful loans are made to persons who are on a clear path to financial stability. -Mjerryfirst May 18th, 2008.
I know that when I make my 10% those "unbelievers" will call it luck cause that will be the easiest way to excuse their mistakes. -Researchpro May 5th, 2009.
It's a great time to be poor and irresponsible in America. -PPT May 2009
|
|
|
|
ira01
|
|
« Reply #122 on: December 15, 2008, 08:22:36 PM » |
|
Are we really sure Prosper got the entire $40 million? No, it appears from their S-1 that Prosper received the whole $40M. You mean "Yes" where you say "No", right? My "No" refered to the latter part of your post, where you speculated that Prosper received the money in dribs and drabs which would have stopped, rather than in two $20M installments. |
|
|
|
|
Logged
|
|
|
|
|
bamalucky
|
|
« Reply #123 on: December 15, 2008, 10:56:59 PM » |
|
I wonder if they had any of it invested with Bernie?
|
|
|
|
|
Logged
|
There are no stupid questions, just stupid people.
|
|
|
|
Senator
|
|
« Reply #124 on: December 15, 2008, 11:21:53 PM » |
|
My "No" refered to the latter part of your post, where you speculated that Prosper received the money in dribs and drabs which would have stopped, rather than in two $20M installments.
Thanks for the clarification. |
|
|
|
|
Logged
|
Stats as of 3/5/2010:
Total withdrawals: $3,460.37 minus (-) Total deposits: $3,600.00 = ($139.63)
Cash balance: $0
Principal value of active notes: $1.73
Total active notes: 1 of 70.
Successful loans are made to persons who are on a clear path to financial stability. -Mjerryfirst May 18th, 2008.
I know that when I make my 10% those "unbelievers" will call it luck cause that will be the easiest way to excuse their mistakes. -Researchpro May 5th, 2009.
It's a great time to be poor and irresponsible in America. -PPT May 2009
|
|
|
|
beerbud1
Guest
|
|
« Reply #125 on: December 20, 2008, 10:26:20 AM » |
|
I wonder if they had any of it invested with Bernie?
What would happen if they did? |
|
|
|
|
Logged
|
|
|
|
|
brianguy
|
|
« Reply #126 on: February 05, 2009, 01:09:36 PM » |
|
AFAIC, my state owes me some money.
|
|
|
|
|
Logged
|
|
|
|
|
brianguy
|
|
« Reply #127 on: February 05, 2009, 01:10:50 PM » |
|
I wonder if they had any of it invested with Bernie?
I think you mean, you wonder if they were one of the folks who "made money" with Bernie  |
|
|
|
|
Logged
|
|
|
|
|
|
|
beerbud1
Guest
|
|
« Reply #129 on: February 12, 2009, 11:21:02 AM » |
|
I spoke with my contact in the Florida Office of Financial Regulation and he tells me that Oregon, Missouri, and Florida are waiting on the sidelines to see What the SEC and NASAA are going to do next.
He said there is still some unresolved issues with NASAA and Prosper.
He led me to believe that Oregon, Missouri, and Florida are planning on filing suit against Prosper depending on what happens with the SEC.
|
|
|
|
|
Logged
|
|
|
|
|
Senator
|
|
« Reply #130 on: February 12, 2009, 01:55:07 PM » |
|
Can anyone make a case that Prosper will survive these lawsuits?
Prosper as on-going concern seems quite unlikely.
|
|
|
|
|
Logged
|
Stats as of 3/5/2010:
Total withdrawals: $3,460.37 minus (-) Total deposits: $3,600.00 = ($139.63)
Cash balance: $0
Principal value of active notes: $1.73
Total active notes: 1 of 70.
Successful loans are made to persons who are on a clear path to financial stability. -Mjerryfirst May 18th, 2008.
I know that when I make my 10% those "unbelievers" will call it luck cause that will be the easiest way to excuse their mistakes. -Researchpro May 5th, 2009.
It's a great time to be poor and irresponsible in America. -PPT May 2009
|
|
|
|
Fred93
|
|
« Reply #131 on: February 12, 2009, 01:56:31 PM » |
|
He led me to believe that Oregon, Missouri, and Florida are planning on filing suit against Prosper depending on what happens with the SEC.
SEC has settled. Do they think there is more coming out of SEC? |
|
|
|
|
Logged
|
|
|
|
|
beerbud1
Guest
|
|
« Reply #132 on: February 12, 2009, 03:16:22 PM » |
|
He led me to believe that Oregon, Missouri, and Florida are planning on filing suit against Prosper depending on what happens with the SEC.
SEC has settled. Do they think there is more coming out of SEC? He told me to call him next Tuesday and he would give me an update at that time. |
|
|
|
|
Logged
|
|
|
|
|
Investar
|
|
« Reply #133 on: February 25, 2009, 12:43:31 PM » |
|
He led me to believe that Oregon, Missouri, and Florida are planning on filing suit against Prosper depending on what happens with the SEC.
He told me to call him next Tuesday and he would give me an update at that time.
Did you follow up since your post on the 12th? Did you get any hints about what the states might know is happening behind closed SEC doors? I interpret your report so far to mean possible OR, FL, MI plans are pretty much on hold pending final SEC action on Prosper's proposed platform? Thanks. |
|
|
|
|
Logged
|
|
|
|
|
beerbud1
Guest
|
|
« Reply #134 on: February 25, 2009, 01:39:34 PM » |
|
He led me to believe that Oregon, Missouri, and Florida are planning on filing suit against Prosper depending on what happens with the SEC.
He told me to call him next Tuesday and he would give me an update at that time.
Did you follow up since your post on the 12th? Did you get any hints about what the states might know is happening behind closed SEC doors? I interpret your report so far to mean possible OR, FL, MI plans are pretty much on hold pending final SEC action on Prosper's proposed platform? Thanks. I just called him and the final agreement has not been signed yet, and prosper hasn't paid the fine yet to nasaa. He also told me Florida has not signed on to the agreement yet. |
|
|
|
|
Logged
|
|
|
|
|
