I understand being nervous, but if it gets to where I don't have faith in those running the program I'll just get out. You won't see me on this site blasting the opportunity with the most promise I've ever seen. Before you or anyone else ever joined, you were instructed to be able to be patient or not join. Anyone with a dab of common sense should know not to invest more than they are willing to lose. Also it is not my job to tell the leadership how to run the program. I'm just thankful that that they can overlook the negative trash on the web from their own members. My 401k has steadily gone down since last october and there is not one thing I can do about it except hang on and wish for the best. I have continued to invest in it every week because I have faith in the american people that things will be fine in the end and I also have faith that p-2-p will be fine also. If there is someone that is bashing the program that can do better, by all means take your payout and start your own program. I for one hate the negativity that crushes the hopes of those that may be considering getting in the program.

Hi,

I don't think Nick will refund our money. My membership was cancelled on 8,April. Martin promised that P2P will refund my money to me. It has been three months now, nothing happened. I've sent many tickets and e-mails to Martin and P2P. No reply at all. Nick owed me $500. I can say P2P's service is very very bad!!

I read many posts on P2P forum that some member's deposits were missing for one, two or even four months with no reply from Nick. Nick's response is sometimes a bit tooooooo slow, I think. Nick didn't trust anyone. He manages all of the money by himself only. So if you want to get your fund back from Nick, patience is a must.


Bear77

= how members feel about

This post has been edited by Hula: Jul 8 2008, 12:46 PM

Palerider, you sound like a fair-minded person. I completely agree that there should be no "negative bashing" of the program. If you look back over my comments, I hope you will see that I have not done so.

There is a difference between negativity and reality. After all, what battery would work without a negative side? So-called negative comments help us to keep things in perspective.

As a former financial adviser, I encourage you to continue to pay into your 401-k in spite of current market conditions. Your balance may have gone down but you continue to purchase and own more shares. This is dollar-cost averaging and is powerful. Right now, you are buying low, thereby purchasing more shares with the same amount of money. Once the market recovers, we will have another bull run and your account balance will recover.

P2P is a pooled program, not an "investment" that you can count on. Any "returns" that you receive would be best placed in your 401-k or some other form of real investment. You may not believe it but there is no way that ANY program can pay 60% per month indefinitely. It's just not possible. Otherwise, Gates and Buffett etc. would be right on the front line putting in their billions!

BTW, regardless of what P2P or Nick says, it is illegal for anyone from the US to participate in any "investment" program not registered with the SEC. It does not matter where the program is located. You may not like this law (as I do not) but if you go to the SEC website and do some research, you will find this to be true.

In any case, my point in posting here is to warn others not to put any kind of "faith" into any program. Instead, consider starting your own business by connecting with a real brick and mortar establishment and build your future with something concrete. This is not negativity but constructive suggestion.

Mark



Yes, I've read this before on the main forum. Others have experienced this as well. That is why I will just wait for my payout.

Bear, thanks for posting your experience.

Mark

This post has been edited by Hula: Jul 8 2008, 12:48 PM

Bear, I wouldn't have canceled my account until I had been paid. I don't even know who Martin is but I know someone who has 2 accounts maxed out and he has never failed to be paid and that's over 80k permonth coming out. The problem with your $500 is probably because you canceled your account before you were paid. I know that was wrong and may have totally wiped out your records. I don't know but probably if you get hold of the right people it can still be resolved, but I wouldn't be on here like many others criticizing the program and still expecting help. Good luck

This post has been edited by Hula: Jul 8 2008, 12:49 PM

It's Martin told me that P2P will keep my records and Nick will refund my money to me when my plan is expired. And then Martin was disappeared and no reply from P2P at all. I think there must be a lot of p2p members know who Martin is.

Bear77

This post has been edited by bear77: Jul 8 2008, 04:15 AM

How is that a "refund?" If you have to wait until your investment matures, then you might as well take the payout. Refund means give my money back immediately or in a reasonably prompt manner and not subject to completion of the term or some other requirements unless otherwise specified (e.g., penalties, etc.).

You cannot have it both ways, if you do not wish to be a member of p2p it is hypocritical to expect to profit from it. When you cancel your account you will receive back what you originally put in.




You do not have to wait until your plan matures, you can get back what you originally put in but it would be hypocritical to expect to profit from a program you have condemned.

OK, friend, it's time to get to the nitty gritty. You have already seen here that other members have followed the advice of canceling the account, only to be told that admin can't find their account details. How convenient!

It makes no logical sense for me to cancel the account before getting the funds. Have you actually read what it says in the back office when you cancel? This is what it says:



Did you get the part where it says all of your account will be LOST? What does that mean to you?

If you can show me where I've "condemned" the program, I'll be happy to eat my words. It seems to me you simply don't like a dose of reality. I can't help you there.

The purpose of a forum is to speak freely. Unless, of course, you prefer fascism, i.e. forums that keep out all negative posts so everything looks squeaky clean. Sorry, that's not the real world.

Once I receive my final payout, I will be gone from this forum. BTW, there is no hypocrisy in wanting my money back now that I've realized that P2P is not what I thought. In fact, it's common sense.

Mark

I`m sorry, I forgot who I was dealing with here and that a complete explanation might be required. To cancel an account and get a refund requires telling Nick what you want. If you do not understand this and cancel your account through your back office, there is no way that Nick can know what you want. Sorry I did not explain this before, it has been a long time since I have Edit: inappropriate

This post has been edited by Hula: Jul 8 2008, 12:53 PM

Hello Mark,

Please state your username here or pm it to me, I can pass it on for you and you will be refunded.

Tappin

1 - Before joining everyone is suppose to read the Terms and check with their country's laws and how they apply to them.
Please re-read the Terms.



2 - This does not appear to be bashing?




Tappin

Tappin, thanks for the offer. My username for both P2P and STP is marsh56

Please let me know when I may expect the refund. The amount in question is the same as the amount for my pending payout from 06/29 which represents all funds due.

I would pm you but I do not have enough posts. Feel free to pm me with any questions. I'm also happy to provide my email address if that will help.


Regards,

Mark


Thanks anyway but Tappin has been kind enough to help this small child. I'm sorry but I don't know how to contact Nick. Do you?

The advice given earlier in this thread was to cancel the account. Now it's to contact Nick. Which is it?

I apologize for being so thick but I believe I am in good company.

Cheers,

Mark



I did read the terms. If taken literally, no one from the US should be allowed to participate. As a result, I am as guilty as the rest but at least I admit it!

And, no, stating my opinion is not bashing. You guys seem to be really sensitive about dissenting opinions. If in fact P2P is legitimate, then it should have big shoulders and take the heat as it comes.

I cannot prove my opinion but neither you nor anyone else can prove that it is legitimate.

Once again, thank you for offering to help. I do sincerely appreciate it. As soon as I am refunded in full, you will not hear from me again at this forum.

Mark

This post has been edited by Hula: Jul 8 2008, 12:56 PM

The program has rules that everyone is suppose to read before they join and if you don't follow the rules you shouldn't complain. If you invested into one of the programs no matter if you changed your mind later, you still invested and it still had a mature date. That's what the rules stated if you read them before any of us joined.

I came across this post in another forum and I thought some of you would find it interesting:

In 1936 Ingvar at the age of 10 began selling stick matches in the village where he lived. It was then Ingvar made a promise to God, that he would give 10% of his earnings back to God if God would only bless his venture and his family. Over the last 50 years Ingvar has become one of the wealthiest men in the world. In 1990 Ingvar awoke from a very terrifying and disturbing dream, realizing he had not keep his promise to God, even though God had blessed him with more riches than most any man on earth. In 1991 Ingvar placed 10% of his wealth in a private hedge fund and dedicated it to God. Over the next 12 years the fund grew to 7.2 billion dollars even though Ingvar had disbursed some of the fund to different charities and organizations. In 2005 Ingvar began to disburse the fund futher, and by early 2006 the fund balance was at 2.3 billion dollars. It was at this time Ingvar decided to use the hedge fund returns and involve as my people around the globe as he could. He had a vision of a pay it forward program that would encompass the globe.

His stipulations for the program where that each person involved must contribute a small amount of their wealth, and they must have faith in something unseen and unproven. (ie the program) In return they would recieve a windfall for themselves and to help others in need. Over his many years Ingvar has many business associates and colleages. He chose one man that he trusted and had a vision like to his own, his name is Nick. Nick was to set up and administer the program and has been given control over the hedge fund returns. In early 2007 the program was completed and put in motion. The hedge fund balance as of this date is 3.2 billion dollars.

The annual returns from the hedge fund, 1.28 billion dollars per year is to be disbursed to those that are invited and choose to be involved. At this time the excess returns are reinvested in the hedge fund. All account deposits are held in a different offshore account. It is calculated that when 60,000 active accounts is reached the program will be re e.valuated and could be closed to new members.

Each established account will continue to be funded by the annual returns created from the hedge fund.

Ingvar continues to give 10% of his yearly income to worthy causes and wishes to see 100,000 active members in this program.

This post has been edited by WASYLBRYTAN: Jul 8 2008, 08:11 PM

hi WASYLBRYTAN, just curious...you're not implying anything with your post above are you?

Is this a fictional account or what does it have to do with p2p?