The newest update seems
. Nick stated he'll be working on payouts all weekend. Hopefully, he knocks down a lot of days.
It is hoped so.......things starting to looking up
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Mark,
When I was a lot younger, I argued with my brother about the number 6. He insisted it was an odd number while I held firm it was an even number. His logic? 3 and 9 were odd numbers, therefore 6 must be as well. When countering that by asking him about 12, his reply was 12 had to be even because it ended in 2. Your argument that Nick stole your money is so much like that argument from about 30 years ago! Look. In your own words, you left with a PROFIT of $100. In your copy and pasting of a portion of the TOS, you bolded out one section and completely over looked the other; the one that is more specifically related to your issues. Check the parts I bolded for you. QUOTE Cancellation Any "P-2-P Network" member can cancel or terminate his/her Account(s) at any time and without any notice. This will mean that the member will no longer receive referral commissions but will continue to receive dividends as stipulated within the various "Plans" until such time that the particular "Plan(s)" has/have reached maturity. Cancellation or termination does not mean your funds will be released. "P-2-P Network" or any of the management reserves the right to "terminate with immediate effect and without notice", should any member be in breach of this agreement. This is not normally done, but can and will be enforced in serious and/or extreme cases !?! When a member is in breach of this agreement in ANY way, their initial Deposit(s) will in fact be returned, however their dividends might OR might NOT be returned ..... ALL depending on the seriousness of their situation/breach, AND will be at the discretion of the Admin and/or Management !?! Or how about this from the FAQ's; QUOTE Is there a guarantee? Yes, we guarantee every external deposit you make into "P-2-P Network"!! You can read more about this further on down this list under the "General Policies" question !! All and all, your argument that your $600 received was all profit and you left your original seed in is so much like my brother's argument; because 3 and 9 are odd, so must 6 be. Sorry but I (and apparently those with the powers to send you on your way) see it altogether differently. You pulled out $600. No matter what you call it (profit or principle) you withdrew it. You put in $500. You took out $600. You are ahead by $100. That $100 is in fact called "profit". You said yourself that you only physically deposited $500. Just because you left it there and rolled it back in, it does not count as another deposit. (See paragraph above) Don't believe me? Log into your account and click on the "deposits" link. You will see exactly how much money you physically put into P2P. How much is displayed on that page? $500, right? Of course that's right! So, you put in $500 and withdrew $600. As you stated, you have $100 in profit. Tell me how this is "Nick stealing" from you? You can't, because he didn't. 6 is NOT an odd number. Here's a bit more from the TOS you apparently overlooked; QUOTE Publicity We will not tolerate nor accept any bad publicity of any nature, from anyone whatsoever. The posting of information in external media sources must be kept appropriate and in line with the terms, rules and regulations of this "Club". If you are unsure ...... PLEASE ASK FIRST !?! Transactions All transactions, deposits and withdrawals related to any of our Plans will be deemed final. In the event of any dispute(s), such dispute(s) must be mailed using our support link. It will be investigated and resolved in terms of the rules and regulations of "P-2-P Network". l\/l
the option is still there to report them to the osc for any/all violations--as I'm sure many disgruntled and anti-nick forces already did.
Time will tell. Perhaps the prophet can impress us with something more precise this time.... Those in already..ridem cowboy
Here's about as accurate a "prediction" I can give at this time. I'll give it in terms of a probability that payments requested on any given day will be completed. I will assume that all from June 6th has been paid as June 7th payments seem to have started:
June 7th: 80% June 8th: 60% June 9th: 50% June 10th: 40% June 11th: 30% June 12th: 25% June 13th: 20% June 14th: 15% June 15th: 10% June 16th: 8% June 17th: 6% June 18th: 4% June 19th: 3% June 20th: 2% June 21st: 1.5% June 22nd: 1% The probability of all payments being completed for any day after June 22nd is, in my opinion, less than 1%. I have already stated elsewhere that nobody who requested a payment on June 24th for example, will receive a payment. Now, of course, Nick could pay just one person who requested on that date just to spite me, but I am saying that the probability that he'll pay everyone who requested up to and including June 24th is as near to zero as makes no difference. So - in summary - if you requested June 7th to June 11th - you have a 'fair' chance of being paid. If you requested June 12th to June 17th - you have a 'small' chance of being paid. If you requested June 18th to June 22st - you have a 'very small' chance of being paid. If you requested a payment after that, i.e. withing the past four weeks, then I'd say the chances of your getting paid are as close to zero as makes no difference. I hope this helps, and makes my position clear. Note that in his latest newscast Kent Black calls MMG a 'swamp', because it allows free debate about programs like p-2-p. Kent is sure that Nick will be paying next year, and deletes posts in his forum (MCF) from anyone who says otherwise. Let's see who turns out to be right about this one, and then we can decide which forum is the real 'swamp'. [edited shortly after posting to fix a couple of typos I noticed after posting]
Another thought - many people with funds in p-2-p seem to have a rather worrying seemingly blind faith in Nick and his program. In the light of the above a word of advice designed to reduce the risk of serious psychological fallout over this program's collapse, which will only compound the damage done by the inevitable financial loss.
If you have funds in here then decide, here and now, that the money is lost. Write it off in your mind. Assume it has gone. Put it down to experience and accept that whatever plans you had for the cash will have to be reworked to fit the reduced financial circumstances that you now find yourselves in. Then, if you do happen to be fortunate enough to receive a payment, see it as a pleasant surprise. Something you didn't expect, like a lottery win. I hope some find this advice useful. One parting thought, however - if you do have any payments from p-2-p - or you are one of those very few who receives one from this point on - you should seriously consider putting those funds to one side and waiting for a period of at least a year or so before touching the money. Pathway-2-prosperity has grown large enough to be a likely candidate for investigation by the authorities, as was the case with CEP and 12daily Pro, and it does not seem unlikely that a receiver will be appointed who will then be chasing all who received payouts requiring them to refund the money they were paid. I expect the chances of this are no more than 50%, but still the possibility is a real one, and you may well regret having spent the money if a court ruling is made against you and you face losing your house over this. Kind regards, Ponzi Nemesis. [b]If you have funds in here then decide, here and now, that the money is lost. Write it off in your mind. Assume it has gone..... Kind regards, Ponzi Nemesis. WOW ! It must be a very important program that it is worth this much anti - work you are doing Maybe I 'll put some money in here, big enemies show me the way
Geez, they are only starting on June 7th payments today, July 19, which is 42 days pending....what is wrong with these people? I mean they have outside investments, (whatever
i recently requested a payout....
If Nick did get caught up to 10 day terms as he stated many times in the past, I would believe this not to be a ponzi. To get caught up on payments at this point would be impossible if it was a ponzi. That would make me a believer.
That sounds very reasonable. Wouldn't it be nice to clear up this ponzi discussion once and for all?
i hope he pays me out..
If Nick did get caught up to 10 day terms as he stated many times in the past, I would believe this not to be a ponzi. To get caught up on payments at this point would be impossible if it was a ponzi. That would make me a believer. I agree, absolutely. If Nick can catch up now, to within 10 day terms, I will agree this is not a Ponzi. I'll apologise to Nick, to everyone on this forum, I'll even eat my toilet as a penance - how about that?* QUOTE That sounds very reasonable. Wouldn't it be nice to clear up this ponzi discussion once and for all? Yes - that would be great. So - a piece of advice to any potential 'investors' - hang onto your cash until p-2-p catch up to 10 day terms - i.e. everyone is fully paid up who requested a payout at least two weeks ago. If they manage this then go for it - p-2-p will have proven to have bucked the trend! Kind regards, Ponzi Nemesis. * In case you couldn't tell from my previous posts I think there is more chance of Osama bin Laden being elected the next President of the United States than p-2-p catching up on payments, but no need to take my word for this - just watch and see how things unfold over the next few weeks - I doubt they'll pay out more than one day of requests for every five business days elapsed, and probably not even manage that, i.e. for every 5 business days that pass they'll get another 4 business days behind, until so little is being paid in that Nick decides to pull the plug to save the cost of the electricity... NOONE has ever failed to get paid from P2P. Everyone has been paid, except for everyone who hasn't been paid, i.e. anyone who requested a payment after June 7th and a fair few from before that if various posts on monitors and forums are to be believed!
The Rebate put gas in my chevy*
just so you know what is happening. It looks like payouts are going on again
i got paid for june 8th on jully 20th
MegaMoneyMaker, your points are somewhat valid. I don't agree with the analogy of the argument you had with your brother. That did not involve money! Big difference.
Just so we all know, my account is still intact and has not been canceled or deleted. I was NEVER notified directly by Nick that my account was being canceled due to any "publicity". In fact, whoever Chris is, he actually thanked me for telling them that I no longer wanted to be involved. He is the one responsible for the fuzzy math. Nick should have big enough shoulders--and pockets--to take a little criticism in any event. What YOU leave out of your counter points is that the promised return is 60% per month. Your point that only my original $500 is guaranteed is irrelevant. The only way to continue getting paid is to re-deposit funds, right? The fact that P2P returns all funds each payout is what makes it a very clever Ponzi. You can't get paid unless you put funds back in. And only Nick knows EXACTLY how much in funds is re-deposited each time. Clever but still a Ponzi. The bottom line is that I was in for 3 months. Based on a $500 deposit, I should be paid a total of $1400--just like anyone else in the program would. There is NOTHING in the TOS or anywhere else that says different. It should not matter whether I stay in or get out--the payout should not differ. That is what is legal, moral and ethical. In fact, I would think that Nick would want to pay us "cry babies" ASAP just to be rid of us! Thanks for trying but your argument is weak--just like P2P at the moment. Mark
Looking for some stuff to get into, remembered this was very popular when it came out. But they have catching up to do it seems? I guess it's another wait and see.
Looking for some stuff to get into, remembered this was very popular when it came out. But they have catching up to do it seems? I guess it's another wait and see. Yes, most definitely wait. Just because Nick made paid for pendings 6/8 yesterday, that doesn't change the fact that: 1) He is still behind 42 days. 2) As of 6:30 pm eastern time, no payments have gone out today. 3) He will have to make payments for several days/day, not just 1 day/day, to get back to terms. My guess is that Nick is working on changing the ROI for his program, don't know for sure since I am not in the inner circle but that scenario seems more likely the more days he is behind in paying.
Oh nineteen - I just hope you took my advice and pulled your funds out of p-2-p before it was too late
Kind regards, Ponzi Nemesis. Oh nineteen - I just hope you took my advice and pulled your funds out of p-2-p before it was too late Kind regards, Ponzi Nemesis. Whats the time-frame to make credit card charge backs?? Personally I would be charging back now if I had made an 'investment' via a credit card. I would feel a little guilty if I had done it through stp, but I would rather feel guilty than be left with a hefty credit card bill. Any reasons for the huge breach of terms?? Nick said before that he had soo much already invested that he didnt need to keep transferring cash from processors into his bank. Hmmm, I wonder if the money is running low?? Also, where is the debit card/energis bank?? I am sure that other admins have done this in the past. This seems to add credency and ppl seem to fall hook, line and sinker. Mention your own processor, debit card then watch the suckers part with their money. I am also a sucker btw. I always feel that this sort of talk makes me feel more secure and I seem to hold more trust for the admin once debit cards are mentioned. I voted PN, btw. Now I am going out on a limb!!!! At the end of September (latest, maybe even August) people will start charging back etc Cant wait for the excuses though. Cmon PN, lets here your top 5 excuses. Here are mine although not in any particulr order 4. Failed Casino 3. Massive hack 2. Too much negativity has made Nick think it is not worth it And the NUMBER ONE excuse........ 1. Fatal car crash!!!! Or am I being too cynical??? I agree, absolutely. If Nick can catch up now, to within 10 day terms, I will agree this is not a Ponzi. I'll apologise to Nick, to everyone on this forum, I'll even eat my toilet as a penance - how about that?* Can you put that on you tube? I would like to see you eat your toilet Can you put that on you tube? I would like to see you eat your toilet Don't worry - you have my personal guarantee that, if p-2-p do catch up to their 10 day payment terms again now, i.e. they clear their backlog and every is getting paid again within 10 business days of making their request for payment, I'll not only eat my toilet but I'll also make a video of me doing so, and I'll get it up there on YouTube. You should be able to find it easily - it'll be right up there along with the videos of Osama bin Laden being sworn in as 44th President of the United States of America. Don't worry - you have my personal guarantee that, if p-2-p do catch up to their 10 day payment terms again now, i.e. they clear their backlog and every is getting paid again within 10 business days of making their request for payment, I'll not only eat my toilet but I'll also make a video of me doing so, and I'll get it up there on YouTube. You should be able to find it easily - it'll be right up there along with the videos of Osama bin Laden being sworn in as 44th President of the United States of America. Thats obama as president not osama Thats obama as president not osama That is substantially more likely, as is p-2-p failing to catch up to within 10 day terms and my not having to eat my toilet. NB I have made this "I'll eat my toilet" statement many times over the past few years in this arena with respect to a number of similar programs - how many times, would you guess, do you think I have had to go through with it? That is substantially more likely, as is p-2-p failing to catch up to within 10 day terms and my not having to eat my toilet. NB I have made this "I'll eat my toilet" statement many times over the past few years in this arena with respect to a number of similar programs - how many times, would you guess, do you think I have had to go through with it? That's because the other programs have been PONZIS That is substantially more likely, as is p-2-p failing to catch up to within 10 day terms and my not having to eat my toilet. NB I have made this "I'll eat my toilet" statement many times over the past few years in this arena with respect to a number of similar programs - how many times, would you guess, do you think I have had to go through with it? It won't be long now! Obama and Osama bin Laden are two different people! By the way what happened to Terry and PTS? Really! they aren't the same people? LOL Yes donnie I think any red blooded american know that. But, Guess what, I am a smart assss. You can answer the other question as well as I can. I have no idea, I let that one go and moved on to something where we all can make money like P2P That's because the other programs have been PONZIS And how many said they were Ponzi schemes do you think? And how many pretended to have 'real investments'? Finally why do you think that payments out of p-2-p might have ground to a halt to all intents and purposes? [answers are 'none of them', 'all of them', and 'payments out rely on payments in which have pretty much dried up now' by the way] And how many said they were Ponzi schemes do you think? And how many pretended to have 'real investments'? Finally why do you think that payments out of p-2-p might have ground to a halt to all intents and purposes? [answers are 'none of them', 'all of them', and 'payments out rely on payments in which have pretty much dried up now' by the way] I don't know which ones you are talking about but yes many sites have been ponzi's that claim they weren't. 24dp being one of them. SOme of them were just scammers some of them thought after they made it so far a different plan would kick in. I know all about it, I talk to very many of the admins in the back ground. They lie to me too. No big surprise. But depending on which ones your talking about not every site that closed was a ponzi. Just cause they didn't last doesnt make it a ponzi. Now to P2P. I don't see any proof of ponzi. They have lasted 18 months and probably most of the members are in profit. I don't personally know any member that isn't in profit yet. The numbers just don't add up to equal ponzi. And payments have not stopped. They are paying out again, not as fast as we would like but they are paying. If it is going down like you said what would be the point in paying out all the money he has in the last couple weeks? What your saying just doesn't make sense.
All 'Nick' has to do is pay out less than comes in and he makes a profit. If he paid out nothing then nobody would pay in - that's why he does it. Oh - and I guess that you don't know the people who are not in profit yet because they'll be the friends and family of the people you do know. Time will show that this is a Ponzi just like all the others - watch how payments fail to pick up and then use common sense to deduce why.
All 'Nick' has to do is pay out less than comes in and he makes a profit. If he paid out nothing then nobody would pay in - that's why he does it. Oh - and I guess that you don't know the people who are not in profit yet because they'll be the friends and family of the people you do know. Time will show that this is a Ponzi just like all the others - watch how payments fail to pick up and then use common sense to deduce why. PN A genuine question, why do you bother. I really can't see the point. Everyone knows its a ponzi, even the supporters. I don't know which ones you are talking about but yes many sites have been ponzi's that claim they weren't. 24dp being one of them. SOme of them were just scammers some of them thought after they made it so far a different plan would kick in. I know all about it, I talk to very many of the admins in the back ground. They lie to me too. No big surprise. But depending on which ones your talking about not every site that closed was a ponzi. Just cause they didn't last doesnt make it a ponzi. Now to P2P. I don't see any proof of ponzi. They have lasted 18 months and probably most of the members are in profit. I don't personally know any member that isn't in profit yet. The numbers just don't add up to equal ponzi. And payments have not stopped. They are paying out again, not as fast as we would like but they are paying. If it is going down like you said what would be the point in paying out all the money he has in the last couple weeks? What your saying just doesn't make sense. Vinman, Have you even been in a internet program that did not fail? Don't worry - you have my personal guarantee that, if p-2-p do catch up to their 10 day payment terms again now, i.e. they clear their backlog and every is getting paid again within 10 business days of making their request for payment, I'll not only eat my toilet but I'll also make a video of me doing so, and I'll get it up there on YouTube. You should be able to find it easily - it'll be right up there along with the videos of Osama bin Laden being sworn in as 44th President of the United States of America. Dear PN, What will you do if payment catches up (which will do very soon). Please take your promise back. Dear PN, What will you do if payment catches up (which will do very soon). Please take your promise back. If payments catch up I will unbolt my toilet from the floor, break it into small pieces with a sledgehammer, set up a video camera and then film myself eating the pieces one at a time. Hopefully I will be able to break the pieces up small enough that this does not kill me, in which case I will then upload the video to YouTube for all to see. Given that it is now July 23rd, the p-2-p website is down again, there have been no payments for requests more recent than June 8th (so they are now 45 days behind and counting) then I think you may be in for a long wait to see that video. Have you worked out yet that I don't think it's very likely that payments will catch up? If payments catch up I will unbolt my toilet from the floor, break it into small pieces with a sledgehammer, set up a video camera and then film myself eating the pieces one at a time. Hopefully I will be able to break the pieces up small enough that this does not kill me, in which case I will then upload the video to YouTube for all to see. Given that it is now July 23rd, the p-2-p website is down again, there have been no payments for requests more recent than June 8th (so they are now 45 days behind and counting) then I think you may be in for a long wait to see that video. Have you worked out yet that I don't think it's very likely that payments will catch up? If you make a promise you have no intention of honouring it becomes a LIE. If you make a promise you have no intention of honouring it becomes a LIE. I know payments will not catch up. So I know I will not have to eat my toilet. But some people here think that there is a chance that payments will catch up, so for them there is a chance I will have to eat my toilet. Now, I am a man of honour, and if payments were, by some miracle, to catch up, then I would eat my toilet. It might take me a while, but I would do it, video it as I described, and post it to YouTube. Given that I certainly will honour my promise you cannot say it is a lie. But given that I know payments won't catch up I am certain that I won't actually have to eat my toilet.
This has truly turned into a sad state of affairs with people clinging to hope that Nick will somehow pull through. It saddens me that he and others have conditioned people to somehow believe just about anything when the obvious is taking place. Even now, some cant grasp onto reality. Maybe they are inexperienced in this field or just gullible.
Is it not time to move this into the scam section where it belongs? Payouts are now at 45 days which is a solid 30 days behind terms.
Please fill out my P-2-P Poll!!
http://www.misterpoll.com/polls/349475 Only people who have been or are involved in the P-2-P program please ., and be honest!! PN A genuine question, why do you bother. I really can't see the point. Everyone knows its a ponzi, even the supporters. Not entirely sure myself why he does it. Maybe he feels he has some kind of moral obligation? The supporters who "know its a ponzi" remain silent, and that will awaken PN every time when a major ponzi is concerned. I expect he'll be in your company until p-2-p hits the sand. Just my prediction. I also hope no one expects him to be obligated to host the "Toilet Buffet" on youtube...it's not going to happen. Vinman, Have you even been in a internet program that did not fail? The question should be: have you been in an Internet program with profit for you ? All programs will fail, also offline businesses fail with a certain % rate. So, failing is not the question, just interesting to come out of the biz with profit. All programs will fail, You mean all "online fake investment scams" will fail, because not all internet businesses fail... QUOTE also offline businesses fail with a certain % rate. So, failing is not the question, just interesting to come out of the biz with profit. But the only businesses off line that fail generally fall into three categories, scam just like on line, poorly managed so can't sustain itself, or crappy product that can't produce enough revenue to continue operating. There are many ONLINE investment based businesses that have not failed and will not ever fail based on not enough new money coming it, meaning they are real businesses. Now there is no guarantee of course that some other fate will not bring them down. But do keep in mind the failure rate of the stuff most people play in is 100% because it was never real to begin with... |