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. <snipped>
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
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.
QUOTE (marsh56 @ Jul 6 2008, 01:34 PM)
<snipped>
The only reason I considered P2P was that a good friend had a "hunch" that this might be one of the good ones. His suggestion came with all of the warnings and I made my own decision. After being in for about 3 months, it is now clear to me that this is not a legitimate program. <snipped>
All the best,
Mark
2 - This does not appear to be bashing?
Tappin
marsh56
Jul 8 2008, 11:43 AM
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
QUOTE (WASYLBRYTAN @ Jul 8 2008, 01:36 PM)
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.
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
QUOTE (Tappin @ Jul 8 2008, 02:20 PM)
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?
"The only reason I considered P2P was that a good friend had a "hunch" that this might be one of the good ones. His suggestion came with all of the warnings and I made my own decision. After being in for about 3 months, it is now clear to me that this is not a legitimate program."
Tappin
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
Palerider
Jul 8 2008, 01:39 PM
QUOTE (RPanoz @ Jul 8 2008, 10:33 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.).
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.
WASYLBRYTAN
Jul 8 2008, 08:05 PM
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.
manosteel
Jul 8 2008, 08:38 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?
manosteel
Jul 8 2008, 09:01 PM
I'm guessing that was the story posted on TG?
I don't go to TG.
Been a long time mmg suits me fine.
zotopec
Jul 9 2008, 01:24 AM
I think you guyz should look at the matter with your negativity glasses off. This is a public forum with so many 'masters' and 'experts' 'professors' 'fact-diggers' 'know-it-alls' who are only looking at the matter one-sided. If you think this is gonna sink, can you explain why they keep paying date after date? If this was a ponzi, and you make it quite clear that only 20K people are easy to handle with, what is the point in putting website down? Won't they need more sign-ups and putting website down for a couple of days is gonna cost them quite a few members, nah?
Somebody was even smart enough to speculate that perhaps Nick has having trouble with too many people maxed out........I don't know to laugh or to cry to this brilliance...would not simply disallowing second account solve that problem? Why you folks are making yourselves the laughingstock of others who are happy enough to be wherever they are. Now we are to see your faces after a couple of weeks as it has been prophecised that a couple of week should see it......lol.
Insulting language edited
cvkint
Jul 9 2008, 04:56 AM
QUOTE (zotopec @ Jul 9 2008, 05:24 PM)
cvkint.........I have something for you to ponder over with whatever you have that you call a brain..........Stupidity and Integrity ain't the same thing
Thanks, not sure what it has to do with me... matter of fact I don't see a post from me in the last number of pages so again not sure why as usual some of you guys try to make this personal..... you just keep spouting your nonsense and all your personal insults and I'll continue to discuss facts with people that wish to discuss facts.. I'm sorry if that concept is a hard one for you to grasp. There is nothing personal here, if you want to put your money in this program that is up to you, but as long as some of you continue to try to pretend it's anything more than just another HYIP/Ponzi you are going to have some people that will take issue with that based on their research and point out the opposing point of view.
Your comments about negativity are really quite amusing, anybody that does not see things as the powers that be want them to is negative, when in fact it works exactly the same way in reverse...odd how the "cheerleaders" don't see that. Pardon my use of the word cheerleaders as it's just a catch all for those that are still in "belief" mode.... enjoy your time in this program and your taking personal shots.. I guess I will just have to make do with this poor pathetic thing I wish was a brain...
later,
marsh56
Jul 9 2008, 08:10 AM
WASYLBRYTAN, that's a very nice story. If it is true and can be independently verified, then I would be the first in line to participate. Otherwise, the lesson of the story is still powerful because of the principles of giving and stewardship.
Based on my experience, all HYIPs have a story attached to them. P2P could end up being the one exception in a thousand where the story is true. We may never know for sure.
As long as opposing views are put forth, they should have the same respect shown as those that agree with yours. Over the years, I have personally known some very fine people who were abused by owners and admins of HYIPs. That is one reason I feel as strongly as I do.
Many lives have also been shattered when a program suddenly stops and takes everything with it. Let it be known that I do not "wish" or "hope" that P2P fails. There is nothing you or I can do about it. The point of all of my posts has been to show another side of this type of program. In the end, it will either continue or not. For the sake of the members, I of course hope that it does succeed.
Mark
cvkint
Jul 9 2008, 09:15 AM
QUOTE (marsh56 @ Jul 10 2008, 12:10 AM)
WASYLBRYTAN, that's a very nice story. If it is true and can be independently verified, then I would be the first in line to participate. Otherwise, the lesson of the story is still powerful because of the principles of giving and stewardship.
It's not true, well yes the fund itself could in fact exist, but Nick has no connection to it.. make a couple of calls to the IKEA head office and ask for further info about their charity and who in fact is in charge of it...
It's just another smokescreen to keep people misdirected...
The only reason I hope programs like this fail sooner rather than later is that the longer they are up and running the more people get hurt when they fail, that is really issue. There are many many good honest people in these programs that believe with all their hearts they are real and while they are receiving money they do many good things with it... so it is a double whammy when it fails as all those acts of charity and giving stop as well... just another reason to avoid these online things like the plague...
WASYLBRYTAN
Jul 9 2008, 11:04 AM
QUOTE (cvkint @ Jul 9 2008, 09:15 AM)
It's not true, well yes the fund itself could in fact exist, but Nick has no connection to it.. make a couple of calls to the IKEA head office and ask for further info about their charity and who in fact is in charge of it...
It's just another smokescreen to keep people misdirected...
The only reason I hope programs like this fail sooner rather than later is that the longer they are up and running the more people get hurt when they fail, that is really issue. There are many many good honest people in these programs that believe with all their hearts they are real and while they are receiving money they do many good things with it... so it is a double whammy when it fails as all those acts of charity and giving stop as well... just another reason to avoid these online things like the plague...
I just received today's update from p2p. It was very encouraging.
janice
Jul 9 2008, 12:42 PM
i was thinking about joining this one is it worth it?
drillbit
Jul 9 2008, 01:32 PM
QUOTE (janice @ Jul 9 2008, 01:42 PM)
i was thinking about joining this one is it worth it?
Nope. They keep getting further behind on payments by the day. Its up to 30 or more days already. It has all the classic signs of a ponzi spiraling down a toilet.
moonchild
Jul 9 2008, 02:40 PM
QUOTE (WASYLBRYTAN @ Jul 9 2008, 10:04 AM)
I just received today's update from p2p. It was very encouraging.
What update from P2P? One of the biggest problems with P2P seems to be a lack of communication with members.
If you are indeed receiving updates, would you be so kind as to share them with the rest of us who are not receiving them?
pinnochio
Jul 9 2008, 02:40 PM
QUOTE (drillbit @ Jul 9 2008, 10:32 PM)
Nope. They keep getting further behind on payments by the day. Its up to 30 or more days already. It has all the classic signs of a ponzi spiraling down a toilet.
Does this mean if it goes back to about 15 or 20 days it doesn't have all the classic signs of a ponzi spiraling down a toilet? What would be the recommendation then? Does it get promotion to full approval status, or perhaps just to ponzi status but without the spiraling bit?
manosteel
Jul 9 2008, 03:03 PM
QUOTE (pinnochio @ Jul 10 2008, 06:40 AM)
Does this mean if it goes back to about 15 or 20 days it doesn't have all the classic signs of a ponzi spiraling down a toilet? What would be the recommendation then? Does it get promotion to full approval status, or perhaps just to ponzi status but without the spiraling bit?
LMAO!!!,
that spiralling down the toilet bit is care of a certain individual who other parties like to ascribe praises to for his supposed abilities at prediction.
Well...those amazing powers of clairvoyance and magnificent prophetic prowess are jusy hyipland urban legend har har...
The end would come by the end of june?
NEWSFLASH!
It's still on its feet.
Predicting timelines and its non-fulfillment is amusing.
Of course nothing lasts forever...any idiot would know that.
As to prophesying an exact timeline...? What a joke.
That said, the IKEA story sounds like another joke. Sounds as if some p2p investor went overboard and concocted a piece of fiction.
What joker posted that on TG?
drillbit
Jul 9 2008, 03:29 PM
QUOTE (manosteel @ Jul 9 2008, 04:03 PM)
LMAO!!!,
that spiralling down the toilet bit is care of a certain individual who other parties like to ascribe praises to for his supposed abilities at prediction.
Well...those amazing powers of clairvoyance and magnificent prophetic prowess are jusy hyipland urban legend har har...
The end would come by the end of june?
NEWSFLASH!
It's still on its feet.
Predicting timelines and its non-fulfillment is amusing.
Of course nothing lasts forever...any idiot would know that.
As to prophesying an exact timeline...? What a joke.
That said, the IKEA story sounds like another joke. Sounds as if some p2p investor went overboard and concocted a piece of fiction.
What joker posted that on TG?
Glad you have a sense of humor. If they get caught up within their terms then yeah it would be a hyip/ponzi that is paying. Right now, its not and I dont think it will ever make that big of a comeback. They are on the ropes. How many hyip/ponzi games come back after getting this far behind?
Manosteel, you know what this game is all about. Could you honestly recommend p2p to somebody knowing what kind of shape its in?
WASYLBRYTAN
Jul 9 2008, 03:41 PM
QUOTE (moonchild @ Jul 9 2008, 02:40 PM)
What update from P2P? One of the biggest problems with P2P seems to be a lack of communication with members.
If you are indeed receiving updates, would you be so kind as to share them with the rest of us who are not receiving them?
Contact your upline to get the link for the private lounge.
backontrack
Jul 9 2008, 03:55 PM
QUOTE (moonchild @ Jul 8 2008, 06:02 AM)
Many things can happen with a program which will cause temporary difficulties. This is totally understandable. What is less understandable is the failure of administration to keep the members informed. It is this lack of communication, rather than anything done or not done, which is causing the nervousness and uncertainty of the members.
Right. Communication is an important factor that should not be ignored.
manosteel
Jul 9 2008, 03:58 PM
QUOTE (drillbit @ Jul 10 2008, 07:29 AM)
Glad you have a sense of humor.
Why thank you..I'd like to think that I do.
QUOTE
If they get caught up within their terms then yeah it would be a hyip/ponzi that is paying. Right now, its not and I dont think it will ever make that big of a comeback. They are on the ropes. How many hyip/ponzi games come back after getting this far behind?
You are of course coming from a vantage point and supposition/assumption that they're all ponzis.
That's the school of thought you're sticking with--you and other like-minded, mostly on the p2p thread in TG. Remember the 5/100 or 1/100 scam/ponzi theory? Depending what school of thought you were once in or never was..that is where your perspective takes root.
Now, other parties would go so far as: do further inquiries and diligence to know for sure if it is all legit or not..I would if I felt motivated to do so... maybe I would eventually, maybe not. As long as I'm convinced there's still something in it for me.
It's the game it is(all part of what it is--that there will be haters/naysayers/bashers--I had been one at one time or another).
There will be losers.
There will be winners.
There will be bashers for the sake of just being one because it's fun!
There will be those who really care--and it's not just playing messiah.
Do I have a stake in this?
Of course ...you know I do.
Will it last forever?
We both know the answer to that don't we?
Will I be crying to mommy if it's gone 5 minutes from now? No. Been in this long enough to know how to play it. The mere fact you're posting here--you ARE familiar with things in this arena.
QUOTE
Manosteel, you know what this game is all about. Could you honestly recommend p2p to somebody knowing what kind of shape its in?
drillbit, whether you believe me or not(I really could care less)..in all my years in this s***hole of an arena, I have never once peddled a program...referrals--? Never been there.
Would I recommend p2p (in particular) to my grandmother?
Refer to my answer above.
Reportedly legitimate or allegedly illegit-- I simply don't do referrals-- especially knowing the odds of this arena.
Those who are in any of these programs should really treat it as a game notwithstanding all that is aid for or against it.
pinnochio
Jul 9 2008, 04:11 PM
QUOTE (drillbit @ Jul 9 2008, 11:29 PM)
If they get caught up within their terms then yeah it would be a hyip/ponzi that is paying. Right now, its not and I dont think it will ever make that big of a comeback. They are on the ropes. How many hyip/ponzi games come back after getting this far behind?
Fair enough. ok, whilst we're doing the predicting thing can we have a look at the other side, just for balance? Let's say it gets caught up and keeps paying within terms. In your mind at what point does it stop being a hyip/ponzi?
manosteel
Jul 9 2008, 04:17 PM
sorry pinnochio.
I'm obviously not drillbit.
But my reading is: that he regards all these types of programs as ponzis.
I'm sure he'll be on board to respond.
drillbit
Jul 9 2008, 04:24 PM
QUOTE (pinnochio @ Jul 9 2008, 05:11 PM)
Fair enough. ok, whilst we're doing the predicting thing can we have a look at the other side, just for balance? Let's say it gets caught up and keeps paying within terms. In your mind at what point does it stop being a hyip/ponzi?
At the point Nick discloses an audited set of books proving that he can make what he claims he can. When he has an attorney issue a statement to his legality. So basically, it never will stop being a ponzi because everything that has been said and done to this point has been a fairy tale to keep everybody pumped up and keep the cash flowing with hopes of making it big. Some have by the way but most will lose in the end. Thats the ugly part. A lot of people are afraid to post what they are thinking right now with hopes they will get paid this one last time.
If you get paid out after all of these delays will you put your money back in now? Nobody in their right mind will do that. Oh, a few that dont understand the game or have the experience will but the majority will run for the hills. If they get caught back up after that and then some then maybe you could consider going back in for a cycle with a small amount to test the waters. This program needs fresh cash and new members.
Through all of these delays, server issues ect.... I have noticed that their has been no problem depositing cash but the major hang up is getting it out. Think about it and I hope you are able to get your money out.
backontrack
Jul 9 2008, 04:25 PM
QUOTE (Palerider @ Jul 8 2008, 07:22 AM)
... I for one hate the negativity that crushes the hopes of those that may be considering getting in the program.
But I think that's the point of this forum. To allow all opinions to be expressed.
When I was considering joining this program, I came to MMG to read all the posts to get a flavor for how much life was left in this program.
Based on all the positive and negative opinions I read, I made my decision.
It's vital to tell both sides of the story. If it wasn't for the mix of all types of opinions, I would have gotten a lopsided and slanted view of the program.
So, it's important that we have a free, open and independent forum here.
I'm thankful to MMG for that.
drillbit
Jul 9 2008, 04:28 PM
QUOTE (manosteel @ Jul 9 2008, 04:58 PM)
Why thank you..I'd like to think that I do.
You are of course coming from a vantage point and supposition/assumption that they're all ponzis.
That's the school of thought you're sticking with--you and other like-minded, mostly on the p2p thread in TG. Remember the 5/100 or 1/100 scam/ponzi theory? Depending what school of thought you were once in or never was..that is where your perspective takes root.
Now, other parties would go so far as: do further inquiries and diligence to know for sure if it is all legit or not..I would if I felt motivated to do so... maybe I would eventually, maybe not. As long as I'm convinced there's still something in it for me.
It's the game it is(all part of what it is--that there will be haters/naysayers/bashers--I had been one at one time or another).
There will be losers.
There will be winners.
There will be bashers for the sake of just being one because it's fun!
There will be those who really care--and it's not just playing messiah.
Do I have a stake in this?
Of course ...you know I do.
Will it last forever?
We both know the answer to that don't we?
Will I be crying to mommy if it's gone 5 minutes from now? No. Been in this long enough to know how to play it. The mere fact you're posting here--you ARE familiar with things in this arena.
drillbit, whether you believe me or not(I really could care less)..in all my years in this s***hole of an arena, I have never once peddled a program...referrals--? Never been there.
Would I recommend p2p (in particular) to my grandmother?
Refer to my answer above.
Reportedly legitimate or allegedly illegit-- I simply don't do referrals-- especially knowing the odds of this arena.
Those who are in any of these programs should really treat it as a game notwithstanding all that is aid for or against it.
Fair enough but if someone just wanted advice about joining at this time what would your answer be?
QUOTE (backontrack @ Jul 9 2008, 05:25 PM)
But I think that's the point of this forum. To allow all opinions to be expressed.
When I was considering joining this program, I came to MMG to read all the posts to get a flavor for how much life was left in this program.
Based on all the positive and negative opinions I read, I made my decision.
It's vital to tell both sides of the story. If it wasn't for the mix of all types of opinions, I would have gotten a lopsided and slanted view of the program.
So, it's important that we have a free, open and independent forum here.
I'm thankful to MMG for that.
Your correct. No amount of negativity or positive posts will sink a program. Its either real or its not and its safe to say p2p is not the real deal just like the other 99.9 percent.
manosteel
Jul 9 2008, 04:41 PM
QUOTE (backontrack @ Jul 10 2008, 08:25 AM)
But I think that's the point of this forum. To allow all opinions to be expressed.
When I was considering joining this program, I came to MMG to read all the posts to get a flavor for how much life was left in this program.
Based on all the positive and negative opinions I read, I made my decision.
It's vital to tell both sides of the story. If it wasn't for the mix of all types of opinions, I would have gotten a lopsided and slanted view of the program.
So, it's important that we have a free, open and independent forum here.
I'm thankful to MMG for that.
I concur.
Very good post.
QUOTE (drillbit @ Jul 10 2008, 08:28 AM)
Fair enough but if someone just wanted advice about joining at this time what would your answer be?
Honestly?
Like somebody on a forum perhaps?
Personally, I'd wait and see.
But if you want in, know the risk and spend with both eyes open. Risk(emphasize risk or gamble) the minimal amount you're comfortable with.
pinnochio
Jul 9 2008, 05:03 PM
QUOTE (drillbit @ Jul 10 2008, 12:24 AM)
At the point Nick discloses an audited set of books proving that he can make what he claims he can. When he has an attorney issue a statement to his legality. So basically, it never will stop being a ponzi...
Just to make sure I'm hearing you right. Because Nick hasn't disclosed his books and got his attorney to issue a statement it's a ponzi?
drillbit
Jul 9 2008, 06:10 PM
QUOTE (pinnochio @ Jul 9 2008, 05:03 PM)
Just to make sure I'm hearing you right. Because Nick hasn't disclosed his books and got his attorney to issue a statement it's a ponzi?
Maybe I worded that a little wrong. You have to apply common sense. You cant make 60 percent month after month after month. If you could Nick would control every dollar, pound, paseo ect in the world in a few short years which begs the question why does he need your money? I have seen a million of these programs come and go and heard every excuse you can think of. If this were really a real program dont you think they would be registered somewhere in order to do business? Of course they would. But, this is the internet where tall tales are told and suckers get sucked in and its a place where the experienced player knows the rules of the game and plays accordingly to make sure he gets his profit. Some, not all, will say anything to keep confidence up and keep the newer people investing.
I not aware of any program that has ever opened their books nor provided proof of legality. They are all sitting in the scam section or if not will be soon. A ponzi has a life span of 3 months to 3 years. Nobody knows for sure. It depends on how fast the membership grows. P2P has fit this to a tee and in fact they took the stats off their webpage because I posted sometime back with a logical explanation of how they were still alive. It was based on exponential growth of membership but it seems that has slowed now or either Nick has had enough and is going to make a grand escape soon. I dont know which but I know they are in trouble.
If I could view the books and it was legal I would join in a second. Im sure its not. Nick is not smarter than Bill Gates. Warren Buffet has never dreamed of returns like this. In a nutshell, this is a fraudulent scam. I dont know a nice way to say it but if you get paid out keep your money in your pocket.
moonchild
Jul 9 2008, 06:39 PM
QUOTE (WASYLBRYTAN @ Jul 9 2008, 02:41 PM)
Contact your upline to get the link for the private lounge.
My upline knows as little as I do about what is going on. She is quite upset at the fact that she put in a request for a cashout more than 5 1/2 weeks ago and still has not received it. In fact, she has not been able to get any information as to what is going on.
Not only does she not know but neither does her sponsor or her sponsor's sponsor because I have communicated with all of them.
Given this situation, what exactly am I to do, or for that matter are they to do, since their situation is no different from mine?
Accountant
Jul 9 2008, 10:53 PM
QUOTE
Remember the 5/100 or 1/100 scam/ponzi theory? Depending what school of thought you were once in or never was..that is where your perspective takes root.
IF the 1/100 or 5/100 were real numbers that would be an incredible improvement, there are 10,872 of thousands of programs in the scam section, there are maybe a dozen in the current that are more than 6 months old and only about 10 in all forums that have the timeline and size of this scam, which is dying in front of our eyes. By any reckoning that the 1/100 rule was applicable there should be 350 programs at Talk Gold that are 6 months-2 years old and still growing, not very likely you'll see that, not a single one from 2 years ago, less than 50 more than 6 months and of those 48 will go within a few months or are not very big and never will be. P2P is just a very successful con, but if you lay it out on a curve like they teach in a statistics class and if fits damn well for a 3-6 month normal expectancy with all known programs falling well within 2 standard deviations, just as monkeys throwing darts at a list of stocks would do.
WASYLBRYTAN
Jul 9 2008, 11:13 PM
QUOTE (moonchild @ Jul 9 2008, 06:39 PM)
My upline knows as little as I do about what is going on. She is quite upset at the fact that she put in a request for a cashout more than 5 1/2 weeks ago and still has not received it. In fact, she has not been able to get any information as to what is going on.
Not only does she not know but neither does her sponsor or her sponsor's sponsor because I have communicated with all of them.
Given this situation, what exactly am I to do, or for that matter are they to do, since their situation is no different from mine?
IF you are an ACTIVE MEMBER of P2P and presently have an INVESTMENT RUNNING there is an email address i can give you to ask for help entering the private chatroom. What is your username? you can pm me if you dont want it made public. When I can verify that you are an invested member I can send you the email address and instructions on what to put in it. Any active member should be able to get in, I dont know how you managed to pass it by.
contrarian
Jul 10 2008, 12:52 AM
QUOTE (Accountant @ Jul 10 2008, 07:53 AM)
..., just as monkeys throwing darts at a list of stocks would do.
...damnit! I've got a leak! OK, who revealed my top-secret proprietary trading system to you?
wwind3
Jul 10 2008, 04:00 AM
QUOTE (manosteel @ Jul 9 2008, 06:58 PM)
Why thank you..I'd like to think that I do.
You are of course coming from a vantage point and supposition/assumption that they're all ponzis.
That's the school of thought you're sticking with--you/////////////////////////////////////////////////////////////////////////////////////////////////////////////////////
Those who are in any of these programs should really treat it as a game notwithstanding all that is aid for or against it.
I agree with the "game" analogy-------NOW. However--at one time I was also a newbie and didnt understand how these things work...Cost me about a thousand bucks to figure it out. Wish I had had the counsel of the "naysayers" back then. Like I Like to say---"You cant know what you dont know"
P2P and the other ponzi/investment programs are not being sold by Nick etal as "games" but investment programs. That's my gripe I guess.. I think the naysayers are needed to combat the cheerleaders and referral whores and inform the public as to the nature of these programs as they see them. Then if people still want to join--then cool with me---I am actually quite the libertarian in most things.
I do think P2P is a ponzi and is illegal in most jurisdictions. But if anyone wants to participate--then have at it----I think we all are responsible for our own actions and should face the consequences of those actions--both the legal and moral consequences..
cvkint
Jul 10 2008, 05:39 AM
QUOTE (pinnochio @ Jul 10 2008, 08:11 AM)
Fair enough. ok, whilst we're doing the predicting thing can we have a look at the other side, just for balance? Let's say it gets caught up and keeps paying within terms. In your mind at what point does it stop being a hyip/ponzi?
Great question.... I can answer that (yes I know it was not addressed to me) and have a couple of my own questions.. maybe you can answer.
What terms are you referring to, the original 48 hours terms when it was just a baby ponzi taking it's first steps..or the new improved 5 - 10 business days terms?
Now my questions... why did the terms have to be changed from 48 hours to 5 to 10 business days? I mean this is a company that claims to be paying out upward of 700k in a single day.. they can't afford to have a real database, with a computer doing the work for them instead of the claimed MANUAL (read time consuming so as to have an excuse for payments being behind) method...or how about why business days? I mean they are only sending numbers on a screen from THEIR script to YOUR e-currency, no reason to be only business days then... what about the interest, money/profit is added seven days a week so why not payments too? Someone once said it was so Nick could get a rest, but if the profits are being added seven days a week, why can't payments be made..or are they claiming that ONLY payments are verified...so money coming in is NOT verified it's just assumed to be right or gosh maybe its done in an automated way... hmmm why not do that for the payments as well??
Obviously we will never know if this is a Ponzi or not until it's dead and the autopsy is done...but the fact remains for a program that claims to pay out the sums this one does it is amazing that a multi millionaire (as Nick claims to be) has the time to spend on all those 50 buck payments...and manually doing all that work... no matter how illogical it is...
Don't worry I realize nobody can come up with a logical or heaven forbid provable set of answers to the above questions, but the point is simply to have such info in the public domain so that those that are NOT drunk from the kool aid will have another tool in their DD chest.
drillbit
Jul 10 2008, 06:54 AM
Just food for thought but why is a multi millionaire living in hick town Ontario? No offence to the residents of Baysville Ontario but it just doesnt add up. People of that stature are out getting fitted for Armani suits, playing golf at an elite country club, and browsing around at the local Mercedes dealerships. Mega business does not happen in small town Canada.
Before anybody wants to jump me and say this is Nicks choice then I suggest you have a PI run down his assets. Its a matter of public record and if you find out the guy owns a 91 Dodge Diplomat and rents then there is a pretty fair chance he has been lieing to his members. There is all sorts of information that is available that is a matter of public record and it can be had for a a small price of around 100.00. This guy may have filed bankruptcy in the past yet no one has took the time to investigate it properly. Its a little late now but just throwning out some ideas. Would it or would it not be interesting to find out what sort of real estate holdings millionaire Nick has?
marsh56
Jul 10 2008, 07:08 AM
I am wondering about all of this manual work that Chris and Gary are doing. This is the 21st Century after all! I hope they are being well compensated for their efforts.
There was a program about 2 years ago that was running like clockwork for over a year, paying 40% per month but with no compounding allowed. It actually paid 10% weekly directly to your e-currency account, i.e. you didn't even have to request a payout.
My "sponsor" and many others had proof documents of both the individual behind the program and the "investments". I saw copies of these documents and thought for sure this was finally the one in a thousand--the real deal. Once payments started to slow, the admin began the blame game: too many members, too large a database, payment processors screwing up, and--of course--server issues!
Many members had this guy's cell number and were calling him constantly to get to the bottom of the delay. He then "employed" a few of the larger list owners to "calm the troops" and told them that he had hired a number of people to manually compile the database due to the server issues.
Long story short, it was all a ruse. His cell phone was disconnected. Private investigators were sent to find him. The documents--including a driver's license--were later found to all have been forged. He was never found and was estimated to have made off with about $12 million!
What's the point? Even if you think you have proof, you don't. Unless you can witness for yourself the day to day operations of the so-called investments behind these programs, then you can pretty much be assured that they won't last. Some are just run better than others.
A sad part of this story is that a humanitarian group had just met in person with the owner about 2 weeks before the program collapsed. They wired $100k and never saw it again. In fact, they were one of the groups that immediately sent a PI to find this guy but he was nowhere to be found.
Whatever you do with your money is your own business. Just consider looking at both sides of the coin before parting with it.
BTW, I haven't heard anything yet on getting a refund. As soon as I do, I will report back here that it was successful.
Mark
manosteel
Jul 10 2008, 08:14 AM
QUOTE (wwind3 @ Jul 10 2008, 08:00 PM)
I agree with the "game" analogy-------NOW. However--at one time I was also a newbie and didnt understand how these things work...Cost me about a thousand bucks to figure it out. Wish I had had the counsel of the "naysayers" back then. Like I Like to say---"You cant know what you dont know"
P2P and the other ponzi/investment programs are not being sold by Nick etal as "games" but investment programs. That's my gripe I guess.. I think the naysayers are needed to combat the cheerleaders and referral whores and inform the public as to the nature of these programs as they see them. Then if people still want to join--then cool with me---I am actually quite the libertarian in most things.
I do think P2P is a ponzi and is illegal in most jurisdictions. But if anyone wants to participate--then have at it----I think we all are responsible for our own actions and should face the consequences of those actions--both the legal and moral consequences..
Reasonable imo.
"naysayers" do have their say in this here thread.
If you ask me, "bad publicity" from "naysayers" --I really have no problem with--it's all part and parcel of the "game".
Besides, it is a public forum, a public discussion. No censorship save for unruly behavior of course.
I just cant help but laugh at all the timeline predictions of its demise.
Personally, if certain "naysayers" succeed at this endeavor(the demise of p2p)--just so's they get some kicks and an ego-boost one way or another, fine by me--it's really part of the whole risk factor in playing it.
I do know some of the bashers are trying their darndest to transform this mmg thread to the likeness of the one running at TG lmao.
knock yerself out peeps!
oneluke
Jul 10 2008, 09:52 AM
Personlly I don't see what all the carrying on is about here...the TOS of every investment/spending site on the internet basically tells everyone not to invest anything you can't afford to loose and that that program cannot be help responsible for our being paid....enough said...
Nick has made me a ton of money over the years and if p2p should fail...I'll be waiting for his next program.
Life itself is a gamble but ain't it fun !!!!!!!!!!
Please you guys don't blow a gasket over the health of p2p. ________________________________________________________________________________
umuc
Jul 10 2008, 03:55 PM
Exactly everyone who is a member knows by now that you dont get paid the very second your plan expires but you will get paid and paid well. I really fault anyone who complains because its up to the members to budget thier own money and make such delays a non issue. If you have any amount of time in this business you can absorb any delay with each payout from a prior month.
cvkint
Jul 10 2008, 05:30 PM
QUOTE (umuc @ Jul 11 2008, 07:55 AM)
Exactly everyone who is a member knows by now that you dont get paid the very second your plan expires but you will get paid and paid well. I really fault anyone who complains because its up to the members to budget thier own money and make such delays a non issue. If you have any amount of time in this business you can absorb any delay with each payout from a prior month.
Yes you are quite right, but when people try to tell other people that this is a real business and they believe it, they would then expect that being a real business they would pay within the terms they themselves set out... if you bought a term deposit at your local bank that was due to expire after it's term of 30 days.. and 5 weeks later you still hadn't received your money you would be very concerned about the health of your bank... which is why some people in P2P that were lead to believe with many often repeated lies that this was in fact a real business (when it's obviously not) are now worried.. there are more and more reports every day of people waiting weeks and weeks, in fact a lot longer than the currently stated 30 some days...there is only so long a period of time that the cheerleaders and pimps will be able to keep people quiet about their alarmingly delayed payments... the cracks have already started to show... this is sounding more and more like the Legisi forum all the time... boy did that get ugly at the end.
vinman
Jul 11 2008, 11:55 AM
QUOTE (cvkint @ Jul 10 2008, 08:30 PM)
Yes you are quite right, but when people try to tell other people that this is a real business and they believe it, they would then expect that being a real business they would pay within the terms they themselves set out... if you bought a term deposit at your local bank that was due to expire after it's term of 30 days.. and 5 weeks later you still hadn't received your money you would be very concerned about the health of your bank... which is why some people in P2P that were lead to believe with many often repeated lies that this was in fact a real business (when it's obviously not) are now worried.. there are more and more reports every day of people waiting weeks and weeks, in fact a lot longer than the currently stated 30 some days...there is only so long a period of time that the cheerleaders and pimps will be able to keep people quiet about their alarmingly delayed payments... the cracks have already started to show... this is sounding more and more like the Legisi forum all the time... boy did that get ugly at the end.
This is a real business but it is not a bank. Yes I agree if your bank takes to long to get you money to you than I would switch banks but this is a whole different story. Your talking real investments and as much as one would try to keep terms sometimes things happen. All the crying and complaining in the world won't change things. How many of you are prepared to look like the boy calling wolf when things are caught up and running smooth again. If you put in to much money or you are counting on this money to pay bills than you were foolish. Your definition of a real business is comparing to a bank. What about a car dealer, they are a real business. They might buy 11 cars and think they will sell 3 a day. But they might end up not selling any for a couple weeks. That is a real business and reality sucks. But in the end it all works out.
Accountant
Jul 11 2008, 12:02 PM
My fault everyone, sorry. See, I won $23 billion at the craps table the other night and they have to pay me first.
vinman
Jul 11 2008, 12:10 PM
QUOTE (drillbit @ Jul 9 2008, 07:24 PM)
At the point Nick discloses an audited set of books proving that he can make what he claims he can. When he has an attorney issue a statement to his legality. So basically, it never will stop being a ponzi because everything that has been said and done to this point has been a fairy tale to keep everybody pumped up and keep the cash flowing with hopes of making it big. Some have by the way but most will lose in the end. Thats the ugly part. A lot of people are afraid to post what they are thinking right now with hopes they will get paid this one last time.
If you get paid out after all of these delays will you put your money back in now? Nobody in their right mind will do that. Oh, a few that dont understand the game or have the experience will but the majority will run for the hills. If they get caught back up after that and then some then maybe you could consider going back in for a cycle with a small amount to test the waters. This program needs fresh cash and new members.
Through all of these delays, server issues ect.... I have noticed that their has been no problem depositing cash but the major hang up is getting it out. Think about it and I hope you are able to get your money out.
I am not afraid to say what I feel and I think Nick and his crew have done a fabulous job for over a year. I only wish I would have got in it sooner than just a few months ago. Either way I have made a nice profit and I look forward to continuing to make a profit. YES I will keep putting my money into P2P after getting paid.
I don't expect Nick to prove anything other than catch up on the payouts. He doesn't need to tell us how he does it! If your not happy not knowing then don't put your money in it. Lets face it, if your right in saying that people will get paid and not put any money back in, it really won't matter if he has real investments. Because the ones of us that still have money in it will continue to get our money invested and continue to watch it grow. And contrary to your statement " Nobody in their right mind will do that." I am left handed so I am in my right mind. No worries here!
vinman
Jul 11 2008, 12:45 PM
QUOTE (drillbit @ Jul 10 2008, 09:54 AM)
Just food for thought but why is a multi millionaire living in hick town Ontario? No offence to the residents of Baysville Ontario but it just doesnt add up. People of that stature are out getting fitted for Armani suits, playing golf at an elite country club, and browsing around at the local Mercedes dealerships. Mega business does not happen in small town Canada.
Before anybody wants to jump me and say this is Nicks choice then I suggest you have a PI run down his assets. Its a matter of public record and if you find out the guy owns a 91 Dodge Diplomat and rents then there is a pretty fair chance he has been lieing to his members. There is all sorts of information that is available that is a matter of public record and it can be had for a a small price of around 100.00. This guy may have filed bankruptcy in the past yet no one has took the time to investigate it properly. Its a little late now but just throwning out some ideas. Would it or would it not be interesting to find out what sort of real estate holdings millionaire Nick has?
Food for thought. There was once a man name Sam Walton. Sam started a small store you may have heard about it. It is called Walmart. Sam was one of the richest men in the United States, his money would make our bank accounts look like one day shopping allowance. Sam lived in a hick town in Arkansas and he drove a 1977 ford f-150. It was red, beat up and had some rust on it, but he loved that old truck. I met him in Missouri and he had driven up from Arkansas instead of flying in his helicopter. I had the same truck only mine was green. He hung around the everyday common people and he lived very happy.
Plus there are very many rich people that have filed bankruptcy, that means nothing to me. Why should it matter what Nick owns or where he lives. I hope that I can be rich one day so that I can move to a hick town and wear t-shirts and shorts every day, shoes optional. Why should he wear an armani suits?
WASYLBRYTAN
Jul 11 2008, 01:00 PM
QUOTE (drillbit @ Jul 9 2008, 04:24 PM)
At the point Nick discloses an audited set of books proving that he can make what he claims he can. When he has an attorney issue a statement to his legality. So basically, it never will stop being a ponzi because everything that has been said and done to this point has been a fairy tale to keep everybody pumped up and keep the cash flowing with hopes of making it big. Some have by the way but most will lose in the end. Thats the ugly part. A lot of people are afraid to post what they are thinking right now with hopes they will get paid this one last time.
If you get paid out after all of these delays will you put your money back in now? Nobody in their right mind will do that. Oh, a few that dont understand the game or have the experience will but the majority will run for the hills. If they get caught back up after that and then some then maybe you could consider going back in for a cycle with a small amount to test the waters. This program needs fresh cash and new members.
Through all of these delays, server issues ect.... I have noticed that their has been no problem depositing cash but the major hang up is getting it out. Think about it and I hope you are able to get your money out.
I hope you realize Nick has no intention of revealing anything to the likes of you because you are nothing and he couldn't care less what you think. Meanwhile, we would like to thank you for entertaining us with your moronic diatribes while we sit counting our money and laughing at you.
Palerider
Jul 11 2008, 01:55 PM
QUOTE (showtimeinvegas @ Jul 6 2008, 07:38 AM)
All I can say is that I have been in this industry long enough to know that the majority of people in this biz tend to talk out of both sides of their mouths...aka two-faced. While their post may reflect that they are behind Nick 100%, in reality you can bet that when/if they receive their next payment, they are keeping it all and not re-investing. I think Nick is facing a problem of too many members that have maxed out their accounts (no more growth) and not enough new members coming in or old members re-investing to offset that. And yes, we all know what the definition of that is. In my mind, there is no reason for a site that claims to have outside streams of revenue to be 31 calendar (not biz days) behind in payments. Just my 2 cents, but strong caution is advised. Think that's a bit of a no brainer advise right now.
I guess I'm brain dead, but if I am I made the decision on my own. I had a payout due 2 days ago right in the middle of this slow down. It was a little less than 4k, but I rolled it right back in for another 60 days. I have confidence in the program and those running the program. That's why you'll never see my post being critical win or loose. I'm not building my life around the program, but if it continues to do good it can sure change my future like it has many others already. I've been in since early may and I'm a patient person. That was the main qualification for someone desiring to becoming involved and I have that part locked in. I realize most every program winds up being a scam, but if this one turns out that way it just does, but I don't sit around and worry about it or pretend I know what's going on behind the scenes. If I were that smart, i'd be running my own program and people could be talking about me and letting someone else rest. If it were to go belly up today, it has still been an exciting 2 months. Good luck to everyone in p-2-p.
drillbit
Jul 11 2008, 03:30 PM
QUOTE (WASYLBRYTAN @ Jul 11 2008, 01:00 PM)
I hope you realize Nick has no intention of revealing anything to the likes of you because you are nothing and he couldn't care less what you think. Meanwhile, we would like to thank you for entertaining us with your moronic diatribes while we sit counting our money and laughing at you.
No doubt your correct about Nick revealing anything to me or anyone else for that matter because there is NOTHING TO REVEAL! You have not been to loud lately WASYLBRYTAN and its pretty obvious why. Payouts are now at 35 plus days. I did hear that a handful of alertpay payouts went out today though. I sure hope those who got paid dont reinvest for their own sake.
As far as Nick caring I was not aware that you were his spokesperson these days. I know good and well that he monitors these forums to see what the general feeling is and he is left with only one forum of safe haven. He apparently cant even keep his own running. Yeah boy, that sounds like how a millionaire does business. Like or not reality is getting ready to put a lot of people in a tail spin unfortunately.
davidjenkins
Jul 11 2008, 03:47 PM
QUOTE (drillbit @ Jul 11 2008, 11:30 PM)
No doubt your correct about Nick revealing anything to me or anyone else for that matter because there is NOTHING TO REVEAL! You have not been to loud lately WASYLBRYTAN and its pretty obvious why. Payouts are now at 35 plus days. I did hear that a handful of alertpay payouts went out today though. I sure hope those who got paid dont reinvest for their own sake.
As far as Nick caring I was not aware that you were his spokesperson these days. I know good and well that he monitors these forums to see what the general feeling is and he is left with only one forum of safe haven. He apparently cant even keep his own running. Yeah boy, that sounds like how a millionaire does business. Like or not reality is getting ready to put a lot of people in a tail spin unfortunately.
Boy your so boring your a long playing record,,,,
PonziNemesis
Jul 11 2008, 11:06 PM
QUOTE (davidjenkins @ Jul 11 2008, 04:47 PM)
Boy your so boring your a long playing record,,,,
You lose a lot of money in this one, isn't it boyo? Yachy da!
Donnie
Jul 12 2008, 12:29 AM
The lottery is gambling right? I live about 5 miles from a small town and I went there yesterdayto get something to eat. While waiting on my food I went next door to a store to see if I could get something for a headace. There was at least 12 or more people in there purchasing lottery tickets! I did not see anyone trying to stop them from losing their money!
What are the odds in winning the lottery? I do not know but it is high! Nobody can stop someone from gambling!
Have a nice day everyone!
This is a "lo-fi" version of our main content. To view the full version with more information, formatting and images, please click here.