Now let me see if I have gotten this straight. When GPP burst on the scene they made this big deal about how professional they were, how they had all these contacts in the financial arena, etc. But don't take my word for it, here it is straight from the horse's mouth, so to speak, and I quote:
"First of all, we have all the financial resources needed to launch and run an operation this size. Secondly, we have the experience to organize and run an operation with a memberbase of 100,000 at minimum. We also have extensive contacts in the financial world dating back decades. And last but not least, one of the most important factors in any business with online context is the capable and reliable IT-partner, which we have had from the very beginning of the project working with us turning our vision into reality and making our goals more easily achievable."
Now here is the lastest from these "pro's" and their so-called contacts within the financial world, and I quote: "The delay in creating and completing the banking solution is caused by the current turbulent times in the international banking. The initial plan was to provide an anonymous debit card for all the members, but such a thing doesn't exist anymore. After that we started working on the banking solution, but the ever-tightening Due Diligence procedures have slowed us down. We are working with one bank at the moment to find the solution to comply their requirements concerning the member/client accounts, but it looks like the time is running out."
Now I bolded points above for a reason. They have had 3 YEARS to put this together, and they are just now realizing there aren't any anonymous debit cards? They have had 3 YEARS to work out the banking solution, and they are now just finding out banking due diligence is more difficult today? This has been the rule since 9/11. The banking conditions today are no more turbulent than 5 years ago. It is not new, and it certainly didn't just happen overnight. Curious as to why they aren't using the bank in Latvia, or the unlicensed one from Africa with the PO Drop Box in London?
Guess their IT Partner wasn't so capable and reliable either. Losing your web address/domain name, hacked from inside, website erased, etc.. Wonder what would have happened if they had used amateurs? So much for the people behind this being "Pro's."
Your turn chicosan to post in your safe haven how I have this all wrong. Wait, I almost forgot. The people over there don't want you hiding behind their skirts anymore. Guess that means you will have to come back here and respond. Hope it is not too far of a drive for you to the Internet Cafe to do so.
|