[mcaguru]

Except that as CEO, his job is to secure the company growth and stock price, and when the value drops by this much, someone needs to be held accountable.

Growth is still part of the story.

[sigmundpannu]

Wow, just saw contracts for 24 months for $190,000 at a factor of 1.18

[staten]

I think they officially screwed it up for anyone else that ever planned to go public in our space....

In the end they are just FIN no TECH

Isaac........there is no fin either

[isaacdstern]

lol

[Scott Williams]

So many people on this forum are always hoping OnDeck fails. From a ISO point of view (not investor), OnDeck is a great funding company to have in your portfolio. Their service is wonderful and nobody can match their speed.

They were the first one of our funders to go public. We should all hope they are successful down the road.

[isaacdstern]

Prosper cutting 28 percent of their staff...

http://www.wsj.com/articles/prosper-marketplace-to-cut-jobs-and-shuffles-executives-1462308893

[staten]

Prosper cutting 28 percent of their staff...

http://www.wsj.com/articles/prosper-...ves-1462308893

This is no surprise. Ron Suber is good at speaking at conferences not much more....they are a c-f*ck and management cashed out at a $1.8 billion valuation. Credit Suisse led the round I think. They are done. Everyone is done actually-which is good for people who actually understand the business (small funders), the tables will turn in terms of commissions soon. I've been waiting to get back in but it probably be another 6-9 months. Can Capital f-upped big time-there is no exit for them. And BFS......well its BFS....lol!

[FUNd]

This is no surprise. Ron Suber is good at speaking at conferences not much more....they are a c-f*ck and management cashed out at a $1.8 billion valuation. Credit Suisse led the round I think. They are done. Everyone is done actually-which is good for people who actually understand the business (small funders), the tables will turn in terms of commissions soon. I've been waiting to get back in but it probably be another 6-9 months. Can Capital f-upped big time-there is no exit for them. And BFS......well its BFS....lol!

What are you saying, that small 1.5x 5 month, junk fee pig funders are going to somehow dominate the space in a few months? Keep dreamin pal. Even if OD and CAN close doors tomorrow, someone with more money will learn from their mistakes and swoop right in.

[hejfund]

this just shows you how rigged the capital markets are. Every single user on this forum knew that ONDK was a piece of dog poo from the day they opened the doors and that it would never make money. Yet all the bankers, VC's and PE's all lined up to roll this stock out and screw the retail investors. Nobody from their team even works there anymore. Now they are all busy peddling the technology to the next group of suckers.

[isaacdstern]

ondeck chart.jpg

[c4get]

Look everyone thinks they know whats going on at On Deck , but I recall when Amazon was in the same position for the same time . I know for a fact that they are doing hires for 300K 400K , outside the US that have experience in Analytic . I will assume that when all is said and done they will have the most quantifiable data platform and will be able to have a 3-4% default rate while funding in a next day space .

They are the ultimate at data mining , they spend as much as everyone on marketing online ( other than Kabbage ) who spends 365 K a month on google per click SEO . I think On Deck has still remained On Deck and will eventually come out as a major player in this .

[c4get]

BusinessLoans.com is a tool people can use to fu=ind a way to see what product is best for their company. They claim to be like Fundera but they are in fact " ON Deck " that is smart !!

[mcaguru]

Yikes stock down even more.

[800fund.com]

There is strong support at zero.

[isaacdstern]

geese....under $5

[mcaguru]

geese....under $5

i believe many mutual funds CAN NOT buy Securities under $5.00