Wow!
Expected but unexpected news at the same time!!
Attachment 14753
Printable View
Wow!
Expected but unexpected news at the same time!!
Attachment 14753
Got the same. I was always hoping they would do this with the dregs of our investments at some point...the weekly returns for me were getting tiny and tedious.
Someone should be, when it is so hard to make sense of what the company's software is doing.
This was yesterday's screenshot
Attachment 14758
This is today's screenshot
Attachment 14757
See date stamps at bottom at bottom of screenshots.
Seems to be distributing only half of gross interest posted to account - as funds payable after 28% tax deduction and $88.62 being banked to customer's bank account on Monday night.
Screenshot from yesterday
https://www.sharetrader.co.nz/image/...BJRU5ErkJggg==
Attachment 14760
Screenshot today
Attachment 14759
Charge-off reduced Funds available, and not Principal outstanding, after Funds available on weekend banked out to customer
Screenshot today:
Attachment 14761
Screenshot from yesterday:
Attachment 14762
Funds Available OB = 1.94 per screenshot,
Add, Gross interest posted to account after weekend $13.16,
Less, Tax on this Gross at 10.5% $1.38,
Less, Weekend funds banked to customer on Monday $2.65,
= Funds available CB should be =1.94+13.16-(13.16*0.105)-2.65 = $11.06
But Funds available CB, per new screenshot = $9.62 :confused:
Why 'sweat it' now when one day this week Harmoney are Paying Out ALL our deposits...?
End of this Era is just around the corner and all will be settled!!
Well the end of the Harmoney era!
All outstanding Funds have now been fully repaid and loan balance at Zero!
Attachment 14767
HMY completes the closure of its legacy P2P platform
https://announcements.asx.com.au/asx...0j3n1gkslc.pdf
Interesting experiment. Wonder where they got the funds to close it all out at once.
How did P2P via Harmoney workout overall for you lenders? I never leant but interested in how it all went for you all
Over 8 years I ended up with a lifetime rar of 13.15%
$2,230 gross interest received
$635 net charged off principle
Overall it preformed better for me than Lending Crowd currently is.
7.17% rar
$2,355.90 gross interest
$600 charged off
Deleted....
I was interested to know what happens to any future funds that get repaid from borrowers to Harmoney on loans of ours that have gone in to delinquent status...
Those funds should still be our and therefore repaid to us!
They have replied stating that they will come back to me on this matter with a reply.