[isaacdstern]

http://finance.yahoo.com/news/deck-c...110800242.html

[MCNetwork]

Looks pretty ominous

[funding pro]

Looks like a law firm trying to make a buck...

[AlexSMF]

So if and or when On Deck settles, the investors affected will each get a check in the amount of 11.48 while the law firm rakes in millions...awesome. welcome to America

[ridextreme]

ambulance chasers

[fundgorilla]

Only a BOZO jumps into the market and buys an IPO on day one. Unless you got part of the placement or some other BBD, that's a formula for disaster.

[Chambo]

BOZO's can hire lawyers too....

[ADiamond]

On Deck’s stock price decline has resulted from Company issued press releases along with analysts’ reports regarding shifts in its lending practices to less profitable channels and longer term loans and the resulting material adverse effects on the Company’s interest rate spread earnings.

what shifts in lending practices do you think they're referring to?

[Chambo]

what shifts in lending practices do you think they're referring to?

"we're a tech company, we're a tech company!"........."oh wait,....."

[Chambo]

what shifts in lending practices do you think they're referring to?

It's that, or someone did some digging and realized their default rates and the types of loans they are truly offering, vs. what they reported in the 10-K are two different ball games

[fundgorilla]

That's probably right, Chambo. I'm not sure how ONDK fooled the Investment Bankers with that rigamarole about being a tech company, but sooner or later, some guy from GS is going to have a buddy with an ONDK loan, he's going to hear all about it, and the word will get out that its a loser. When you look at the top five institutions holding the shares, that's not exactly a list of household names....

[KTK]

Looks like somebody with a short position that would rather cover in the single digits