Thread: why snapshot?

Im sorry to say that I am not very informed on this issue.
But why is it so important to do this or why do you take snapshots?

Please enlighten me :D

Thanks 8)

Why snapshots?

The reason is my friend that the trolls, the doomsters, seem to have a
firm footing wherever Pips is discussed and boy oh boy. they're making the most of it.

Do you know, the trolls are in almost every forum I look into, including, would you believe it, the Mozilla Firefox forum - and DX4 Dummies, a teaching forum is as big a scam as everything else.

Nasty little creeps, guys who probably need a cure for chronic jerks
and are covered in spots

Many years ago, a well known radio journalist caused absolute
panic in the streets of New York and other US cities........

"Save yourselves, the Martians are coming",
he said. I think this was around the time the first film adaption of the
H G Wells novel "War of the Worlds" was released to the circuits.

Have you seen the new one? - better watch your backs - lol

Remember, if BM didn't say it, it ain't true !

Originally Posted by anonymus

Im sorry to say that I am not very informed on this issue.
But why is it so important to do this or why do you take snapshots?

Please enlighten me :D

Thanks 8)

To keep a copy of your records in the event pips closes down (proof)

or maybe when pips gets morphed into............
:)

Callum,

Warren (Pips legal guy) has resigned and advised that we take a snapshot, and that we move funds from pips (registered in panama) to picpay (registered in Malaysia and owned by Brian/Sharon). Once it is in picpay it is legally ours. He also advises that we do a WD as then they have to pay us.

Warren is certainly not a troll. I'm sorry but you need to take off the rose-tinted glasses. Perhaps pips will continue, although probably not in it's present form, and I certainly hope it does, however some form of damage-limitation is a wise move at this point.

PIPS 2% may not continue in it's current form but will need some enhancement and the other businesses if successful will prosper.Whatever the outrcome I don't think we will lose our funds.Bryan isn't a thief.He's a smart guy and will come up with a plan.Let's give him some support and the benefit of the doubt for the time being.

Originally Posted by callum

Do you know, the trolls are in almost every forum I look into, including, would you believe it, the Mozilla Firefox forum - and DX4 Dummies, a teaching forum is as big a scam as everything else.

Not everyone that speaks bad of BM or has doubts is a troll. I hate the
over use of the word and the blanket reference that someone that isn't
sprouting happy thoughts about PIPS is a troll.

Now to answer the question that was asked:

I do not know where the root of the recommendation exists but it was echoed by reputable members. It was recommended that (and you can do what your heart feels) that.

1. Put your PIPS account on 100% withdrawl and transfer all available
funds to your PICPAY account
2. Take those funds and make a wire transfer to your bank
3. Take a snapshot of your PICPAY account - inother words a paper
trail. A personal record of all monthly transations. Making your
own bank statement (per say).

The legal thinking behind this recommendation is that IF (I emphasize
IF) PIPS closes then the money in picpay is not affected. It is outside
of the PIPS company and into your own PICPAY account and that
money is in effect yours and if you have to legally get it then you
have a better legal footing.

On a personal note: I was doing this anyway. I was still making my
monthly withdrawls and making a PDF document of all my transations.
I wasn't thinking that pips was doing wrong, but just some record keeping and when withdrawls were (in theory) catch up - I would have some monthly income coming in. I still haven't done the 100% withdrawl. I am still keeping on track of what I planned to do regardless of the problems.

I think Snapshots of accounts are always a good idea. Regardless of the current situations.

Ryder