#BulldogP2P asked 8 P2P platforms about their buyback guarantees. All confirmed that the claim ALWAYS, in case of a buyback, will be honored at nominal value.

Intro text from BulldogP2P:

Buyback is an “advertising element” of the sales strategy on P2P platforms. It comes in many flavours named “buyback guarantee” or “a buyback obligation” or “buyback promise”. Its value is not determined by the promises on a website, the nice talk of influencers, bloggers a.s.o. It is written down in a legal document called “Assignment Agreement”.

Since I am confronted with the Atlantis Financiers law case, in which the nominal value of the assignment agreement is put into question, one wonders how the industry standard might look like.

Is it a “real guarantee” or only a “promise” or “hope” or has it “no legal basis at all”?

All platform answers in attached PDF.


#BulldogP2P: For the first time, no daily account emails were sent out by Viventor. A sign?
Yesterday, we already noticed that the FIT (funds in transit) were stopped calculating. The demise.


#BulldogP2P received a reply from $Bondster for the following questions:

I have a request about two topics to you:
#1.Omnigrant and Mikrokasa Originators:
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While in 2020 at year end, some amounts were repaid, we had good hopes about a happy end.
Last 5 months however the repayments stalled.
Is there any news about the repayment schedule?
#2.Lime Zaim:
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Suddenly we observe also that Lime Zaim is passing the 60+ days.
One investor told me:
Lime zaim discriminates Bondster.
In 2020 they were making on time payments to Mintos,
but my Bondster Lime Zaim loans were 100-120+ days late before they paid.
I checked the Mintos pending payments on Mintos and the amount is neglectible.
How about that?

Reply from Bondster:

Transfer of the Debtors’ repayments to the Investors and realization of Buybacks is an obligation of the Provider. In the event that the Provider's Virtual Account maintained on the Bondster Portal shows an insufficient balance, it is not possible to make payments through it, including realization of Buybacks and transferring the Debtors’ repayments to Investors' Virtual Accounts. Everything depends on Provider’s timely fulfillment of its obligations, which in this case means ensuring a sufficient balance in its Virtual Account. If the Provider does not have sufficient funds in the Virtual Account, it is unfortunately not possible to make respective payments.
During the COVID-19 pandemic, some providers became insolvent on timely payments to our platform and investors, mainly those from the Polish market, where not only pandemic measures but also a new reform of the non-banking market had a major impact on their business and financial flow. With all the providers affected in this way, we have long agreed on a relaxed repayment schedule, where the companies gradually pay their debts.
The companies belonging to the Omnigrant Group (Szybka Pozyczka, Szybka Pozyczka Polska, Szybka Pozyczka Artex), which have been significantly affected by the new legislation in Poland, provide us with repurchase funds every week. Monthly, these funds range from € 12,000 to € 20,000 for all three companies. With this regularity (every week), we pay them to our investors in chronological order from the longest pending buybacks. In this way, the entire debt to investors should be repaid during this year.
Mikrokasa is in restructuring proceedings. This in itself means (similarly to Czech law) that claims arising before the start of the restructuring proceedings (July 10, 2020) are satisfied within the proceedings, when all claims against its creditors were filed with the court, including unpaid investments in Bondster in arrears more than 60 days. No final decision has been made yet within the proceedings, currently a settlement proposal is being made by Mikrokasa by authorized court administrators, including other audit activities. The Company continues paying all borrowers' debts related to Bondster loans sold. All funds sent in this way are subsequently distributed in full to interested investors on the basis of reported payments. At the same time, the company paid out all repurchases incurred in the period from July 10, 2020 until the end of April 2021. Currently, the company pays back every month all repurchases whose entitlement arose in the previous month.
Down below I send you a summary of the current situation regarding Mikrokasa's claims:
- Buybackes claimed in the period from 1 April 2020 to 10 July 2020 are registered with the court dealing with the restructuring proceedings, to which Mikrokasa applied last summer. As part of these proceedings, the court will decide on the method of settlement of the registered claims. We monitor the whole situation through a Polish law agency, which represents us (better known as Bondster investors) in this process. (In the appendix, we also send a statement of the company's management on the interim progress of the proceedings).
- Buybacks, which arose after the date of commencement of the restructuring proceedings, ie from 10 July 2020 to the end of April 2021, are currently fully repurchased and paid out with all the requisites.
- Buybacks for which a claim arose (will arise) during the month of May 2021 will, according to the agreement, be paid within the first week of June.
About Lime Zaim, this Provider has some loans with Buyback guarantee 90 days (you can find it in detail of loan). Maybe this will be problem why some loans from them are in delay 60+ days.
Thank you for understanding.
Best regards,
Jiří Kárník

Another P2P legal action group is being created. $Lenndy investors are welcome to contact #BulldogP2P to get involved in a law suit. You can reach him on Telegram: @Bulldog_p2p

Lenndy Telegram group: t.me/lenndyP2P

#BulldogP2P: You cannot see your account on $Viventor anymore. You are forced the make the choice Lex Gielen has prepared for you upfront to continuing on the website. Scandalous.


#BulldogP2P collected info about Dozarplati/DZP-Center/Soyuz 5 from the Russian register, including founders, shareholders, employees, capital and court cases.

DZP-Center employees have been reduced by more than half:

2018:129
2019:126
2020:57 Down 69


$Lenndy is processing withdrawals for P2P influencers like #BulldogP2P in less than a day: "I sold my portfolio's this morning at a loss. I received the funds this afternoon. Happy to leave and not have to bother any further"

At the same time other investors are waiting for weeks:

$Lenndy is offering investor to exit for 50% discount: "We have received a letter from operator First Finance, stating that they have a buyer, who is interested in buying your published sales in second market with 50% loss."

Note that the same people are behind $Lenndy platform and their Loan Originators, so this communication just like the offer is a joke. But as the team behind $Lenndy has stopped withdrawals and are causing a panic among investors, then getting back at least 50% is something many will consider.

#BulldogP2P did some due diligence on $Nibble Finance.
Main problems mentioned:

- Remarkable is the amount of NPL’s (non performing loans) 2,736,000 against the amount of issued loans 4,966,000. This is 55%. Far much too high compared to the industry standard of 25-33%.
- Unclear what the mentioned issue notified by the auditor is, in the most recent financial report.
- Inaccuracy in the total volume of issued loans in the Pashchenko Maxim Interview
- Not listed on MFO ranking, 2019 - means the volume is negligent, or they work in Russia without a license.

From #BulldogP2P: War between Russia and Ukraine could spoil the P2P party.

"Is War Between Russia And Ukraine Now Inevitable? The situation in Eastern Ukraine is critical. Russia and Ukraine are on the brink of an open armed conflict."

"On April 1, President of Ukraine, Volodymyr Zelensky, accused Russia of the increasing presence of armed forces on the borders. He said, “military exercises and possible provocations along the border are traditional Russian games.” He further said that Russia is creating a threatening atmosphere across the border while Ukraine seeks to resume a ceasefire agreement."

"Russian forces are deploying massive amounts of military hardware into #Crimea. One of the largest deployments I've seen in recent memory."


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