[Michael I]

He probably has a lisp...

Haha I deserved that , yes gross

[anydealfunded]

Good sport haha

[mcg168]

is this another lawsuit against ONDK or is it related to the lawsuit that was discussed yesterday? It looks like its a different lawfirm

http://www.nasdaq.com/press-release/...20150805-01060

[Sean Cash]

same lawsuit. I think there's some rule that says until the class action is certified, it's fair game for other attorneys to swoop in and represent the class

[J.Celifarco]

$8.96

gotta be getting close to a buy

[Zach]

My bet is that they BK in the next 12 months.

[Mmarano]

:P

My bet is that they BK in the next 12 months.

[mcaguru]

Can someone shed some light on why they took this company public in the first place?

[Zach]

Can someone shed some light on why they took this company public in the first place?

Tech company with a high valuation, sell to major player, cash out.

Great idea, poor execution.

[mcaguru]

I respect Ondeck very much, i just think its a shame (they had no intentions of this being the outcome) while protecting and advocating for not harming the merchant (rightfully so) and having only the best ISO's (again great business practice) turns out they (unintentionally) so far created A BILLION and a HALF PLUS LOSS of shareholders value.

[PRIMO CASH]

Lending Club is dealing with lawsuits and investigations as well. Opened IPO at $29 I believe, down to $13 now. Moral of the story, DON'T GO PUBLIC IN THIS SPACE.....

[Chambo]

I respect Ondeck very much, i just think its a shame (they had no intentions of this being the outcome) while protecting and advocating for not harming the merchant (rightfully so) and having only the best ISO's (again great business practice) turns out they (unintentionally) so far created A BILLION and a HALF PLUS LOSS of shareholders value.

here is where you are wrong Mikey Sweats....

They have been looking to sell and cash out for years. Sharif used to brag to me back in 2008-2009 that B of A was going to buy them for a billion....to which I would tell him that Crack is Whack!

They don't give a rat's ass about the merchants, or even the investors. They were robbing Peter to pay Paul for years with 6 rounds of financing. then they went public, all the employees take a huge cash payout, and leave the investors with the duffle bag of 30% defaults.

[MCNetwork]

Or don't go public unless you can show REAL profits

[Chambo]

Lending Club is dealing with lawsuits and investigations as well. Opened IPO at $29 I believe, down to $13 now. Moral of the story, DON'T GO PUBLIC IN THIS SPACE.....

or more importantly, don;t cook your books to investors.

Unlike on these boards or with PR NEWS, where you can say anything you want about your earnings, or default rates, when dealing with publically traded entities, you actually have to tell the truth and expose your books to impartial inspection.

[MatthewAStucchio]

$8.96

gotta be getting close to a buy

I hope you mean buying puts .. to buy and hold this with what is going on I would not recommend

[isaacdstern]

They sold it the financial community that they were Fintech

A fast growing Fintech company losing money is exciting

Only problem here is that they are not Fintech just Fin and a Fin losing alot of money is not that exciting at all

Tech company with a high valuation, sell to major player, cash out.

Great idea, poor execution.

[Mmarano]

Mat, For the 15th time.. I am not MCAguru... I operate one Name on here. My name. Thank you. The rest of your statement after saying that Guru is sweats.. Which is false, is 100% agreed. Everything you're saying is true, But i'm not guru. sorry to bust on your bubble.

here is where you are wrong Mikey Sweats....

They have been looking to sell and cash out for years. Sharif used to brag to me back in 2008-2009 that B of A was going to buy them for a billion....to which I would tell him that Crack is Whack!

They don't give a rat's ass about the merchants, or even the investors. They were robbing Peter to pay Paul for years with 6 rounds of financing. then they went public, all the employees take a huge cash payout, and leave the investors with the duffle bag of 30% defaults.

[Chambo]

Mat, For the 15th time.. I am not MCAguru... I operate one Name on here. My name. Thank you. The rest of your statement after saying that Guru is sweats.. Which is false, is 100% agreed. Everything you're saying is true, But i'm not guru. sorry to bust on your bubble.

No worries. Meyer is hardly a guru either.

[mcaguru]

GURU is Marcus (Guru only in user name they don't come more humble then me).

here is where you are wrong Mikey Sweats....

They have been looking to sell and cash out for years. Sharif used to brag to me back in 2008-2009 that B of A was going to buy them for a billion....to which I would tell him that Crack is Whack!

They don't give a rat's ass about the merchants, or even the investors. They were robbing Peter to pay Paul for years with 6 rounds of financing. then they went public, all the employees take a huge cash payout, and leave the investors with the duffle bag of 30% defaults.

[Mmarano]

He really is a humble guy.

No worries. Meyer is hardly a guru either.

[isaacdstern]

cage match???

[mcaguru]

thanks a lot! have you been talking to my wife?

No worries. Meyer is hardly a guru either.

[Mmarano]

I used to bring chambo crumb cupcakes and boston cream donuts from dunkin so he would not yell at me in the early days of yellow.. No cage match- I got sugar for him!

cage match???

[mcaguru]

Mike why don't you send Chambo some of your real Cubans

[Mmarano]

Nothing better than those Cohiba cigars.. Puff & Pontificate life..

Mike why don't you send Chambo some of your real Cubans