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[yankeefan]

That high priced law firm doesn't believe in being on Time? 

to the contrary, they vigorously attempt to be on time.

[mothandrust]

I don't recall them ever promising to vigorously improve collections or vigorously verify borrower information.

How about vigorously tracking down identity theft among defaulted loans according to the guarantee?

I thought they were incompetent slackers, but now they have all this vim and vigor to oppose lenders?

[pacino58]

Prosper's report was past due as of 2009-11-14 ...

Actually it was past due on 2009-11-05 if indeed, the "10-Q is due 35 days after each of the first three fiscal quarters." Appears they couldn't even make the old deadline "(it used to be 45 days)".

I think it is still due 45 days. 

http://www.secfile.net/SEC_calendar.htm#General_filing_deadlines

[Investar]

Prosper's report was past due as of 2009-11-14 ...

Actually it was past due on 2009-11-05 if indeed, the "10-Q is due 35 days after each of the first three fiscal quarters." Appears they couldn't even make the old deadline "(it used to be 45 days)".

I think it is still due 45 days. 
http://www.secfile.net/SEC_calendar.htm#General_filing_deadlines

Thank you for this!

[112233]

Cash and cash equivalents as of 9/30/09: $2,079,624

I think they'll continue to dial back the burn rate just a bit.  That, plus the $1 million from Mr. Morris, put Prosper on a trajectory to run out of money around the end of February or early March.

Or Prosper could just keep adding board members indefinitely, I suppose - each one tossing in $1mil.

maybe they are running out of money on purpose? or should I say, maybe they dont want (or VCs wont give them) large capital infusions until the lawsuit has been resolved?

stay as close to insolvent as possible etc until the lawsuit is over

[ira01]

Cash and cash equivalents as of 9/30/09: $2,079,624

I think they'll continue to dial back the burn rate just a bit.  That, plus the $1 million from Mr. Morris, put Prosper on a trajectory to run out of money around the end of February or early March.

Or Prosper could just keep adding board members indefinitely, I suppose - each one tossing in $1mil.

maybe they are running out of money on purpose? or should I say, maybe they dont want (or VCs wont give them) large capital infusions until the lawsuit has been resolved?

stay as close to insolvent as possible etc until the lawsuit is over

That could take years.

[ira01]

Should be any day now for Prosper's next SEC filing.  Should be very interesting.

[Urbi_et_Orbi]

10-Q filings:

Quarter ending June 30 - 10-Q filed on August 14
Quarter ending Sept 30 - 10-Q filed on November 16

Quarter ending Dec 30 - 10-Q should be here any day now...

[yankeefan]

YOu get mroe time for the 10-k annual report-  like 60 days instead of 45 or some such.  Perhaps soon after march 1.

[nonattender]

Cash and cash equivalents as of 9/30/09: $2,079,624

I think they'll continue to dial back the burn rate just a bit.  That, plus the $1 million from Mr. Morris, put Prosper on a trajectory to run out of money around the end of February or early March.

Or Prosper could just keep adding board members indefinitely, I suppose - each one tossing in $1mil.

maybe they are running out of money on purpose? or should I say, maybe they dont want (or VCs wont give them) large capital infusions until the lawsuit has been resolved?

stay as close to insolvent as possible etc until the lawsuit is over

That could take years.

Not if they go from Pacific to Greenwich Mean Time... 

-t