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Author Topic: So much for the re-opening!  (Read 25197 times)

Xenon481

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Re: So much for the re-opening!
« Reply #15 on: May 09, 2009, 08:35:56 am »
Quote from: Elmslice on May 09, 2009, 08:34:00 am
The new Prosper was even worse than the old Prosper.  Reselling car loans.  Feh.  Good riddance. 

Sadly, I suspect that Prosper will eventually get it's securities registered, and then it's back to business for them, selling junk to suckers.

I wouldn't bet on it with the way that Chris Larsen spat in the SEC's face when they re-opened.
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bamalucky

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Re: So much for the re-opening!
« Reply #16 on: May 09, 2009, 08:40:28 am »
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bamalucky

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Re: So much for the re-opening!
« Reply #17 on: May 09, 2009, 08:43:27 am »
I get the feeling this silly little re-opening pissed somone off & they may never re-open again now.

I'll wager this pissed the VC off too.
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Mark12547

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Re: So much for the re-opening!
« Reply #18 on: May 09, 2009, 08:49:55 am »
Dean82, any objections if I move this thread to the lobby?
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bamalucky

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Re: So much for the re-opening!
« Reply #19 on: May 09, 2009, 08:57:47 am »
Check out the blog

http://blog.prosper.com/
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Mark12547

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Re: So much for the re-opening!
« Reply #20 on: May 09, 2009, 09:19:16 am »
Quote from: big-al on May 09, 2009, 06:21:09 am
Have to wonder if the SEC gave them a choice - either close down yourselves, or we'll close you down.

Or it could have been the California State Attorney General's Office (or some department in California responsible for overseeing investments) having requested that no more unregistered securities be sold, not accepting the California Department of Corporations' approval as sufficient to count as "registered" for purposes of California investors.

Until someone talks, we might never know.
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NewHorizon

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Re: So much for the re-opening!
« Reply #21 on: May 09, 2009, 09:25:02 am »
Quote from: Elmslice on May 09, 2009, 08:34:00 am
Sadly, I suspect that Prosper will eventually get it's securities registered, and then it's back to business for them, selling junk to suckers.

Propser hired Podesta (lobbyists) recently.  If this was done to help iron all this out, then the road back to doing business is probably a long way off.
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dlv1945

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Re: So much for the re-opening!
« Reply #22 on: May 09, 2009, 09:25:27 am »
They just let me take out the $1.68 in my account! (California resident)
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Mtnchick

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Re: So much for the re-opening!
« Reply #23 on: May 09, 2009, 09:55:29 am »
Good bye Prosper -1.0  We hardly knew ye  :'(
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Capital_Finance_Group

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Re: So much for the re-opening!
« Reply #24 on: May 09, 2009, 10:16:36 am »
Quote from: Mtnchick on May 09, 2009, 09:55:29 am
Good bye Prosper -1.0  We hardly knew ye  :'(

Sure we knew them - they originated the idea of syndicating junk cars to numerous "investors" by selling them portions of the 118% future bad debt held against them.
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112233

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Re: So much for the re-opening!
« Reply #25 on: May 09, 2009, 10:18:10 am »
Quote from: bamalucky on May 09, 2009, 08:57:47 am
Check out the blog

http://blog.prosper.com/
even the blog is in a quiet period. where will I get wedding tips now?

that was quite a bitch slap whoever gave it to them.
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Tokyo Joe

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Re: So much for the re-opening!
« Reply #26 on: May 09, 2009, 10:29:36 am »
Hahahahahaha...

How lame is this?!?

The nitwits.  "Outcry" from lenders my ass...
 ::)

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Nora_Lenderbee

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Re: So much for the re-opening!
« Reply #27 on: May 09, 2009, 10:37:28 am »
I almost choked on my coffee when I saw the e-mail.

Was it you, Ira? You, Urbi?  ;)
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JammingJAY

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Re: So much for the re-opening!
« Reply #28 on: May 09, 2009, 10:39:34 am »
So much for crack legal team.

 :D

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112233

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Re: So much for the re-opening!
« Reply #29 on: May 09, 2009, 10:48:29 am »
prosper's road to success

"fly under the SEC's radar" - check
"brush off 6 figure lenders" - check
"kick investors off prosper that mention org in profile" - check
"poof forums" - check
"stick middle finger up at SEC" - check
...
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