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LEGAL ACTION is always a last resort, We have no choice to weather the storm for the time being, I think we will have more news soon.
I hope that BM does pull everything through, and restructures pips for the benefit of all, I look forward to hearing from hi.
Warrens post was like a bomb exploding, but i must admit it wasn"t very well written by a lawyer.
Lawyers just give us fact without emotion, maybe the party life got to much for Warren over there lol.
And what good would that do?
It protects what assets may be left.
This is the worst possible suggestion I've ever read in any forum. After legal costs divided by "x" number of members you wouldn't get 50 cents... this is a very naive idea.
Our best and really only solution is to wait for Bryan to post an update and present a solution. He will post - just no way of knowing when... However even if it is 3 weeks from now, that's a lot faster than any slow boat to china legal action would accomplish. :roll:
I am all for Brian posting, and I am all for a rescue plan, anyway i believe some are already preparing a class action.
"preparing" is the key word here. You're talking about weeks and weeks of preparation - thousands upon thousands of dollars in hard costs - and then more months of negotiation or litigation... I am not interested in creating or becoming a part of yet another "distraction" to the payment or restructuring process.
I agree, Beagle. Bryan is most likely working his butt off getting ready for the regulators who are supposed to be there in a few hours. I for one, offer my support and prayers for him and staff during this critical time.
jt
sjeeh... :roll:
regulators? who? when?Quote:
Originally Posted by john thompson
Legal action is probably going to happen any way
class action only result in the attorneys making all the money and we all get 3$ each what evers left.
best take your chances and let Bryan try to work it out.
some one did a class action suit against American Expess and I got
a .43 cent check in the mail.
Micky - I believe JT is referring to the bank regulators that are supposedly scheduled for a visit to P*ps
Will someone please call an ambulance? I read that stuff about calling for a class action suit. As I prefer not to be banned from the forum I instead chose to bite my tongue off. :oops:
Get A Life!!!!!!! NO, not now - not ever.BB
I'm not happy either at the momment, but I don't think a class action suit is the answer either. PIP's would have to have a minimum of billions of dollars in assests for it to even be a probable solution to save me and some other members.
Getting a check for $.01 to $1000.00 from a class action suit would do me very little good. It would save my home for maybe 30 day's. Then I would just be putting off the enevatable which to me isn't positive. I would be better off waiting for BM to shut the program down or pay everyone as promissed. It might be a huge risk here but a huge risk is alot better then the possible out come of getting very little to nothing from a class action suit that would take months and possibly further delay withdrawals. Also, it helps keep my dream alive of one day actually owning a home instead of renting one. Also, the financial security to say. Kids you no longer have to worry that we could lose our place and now. I can guarantee you a college education. I would not be able to do that if PIP's never pay's.
A class action suit is going to take months. That will not save me now. I need a minimum of $2K per month to remain out of financial trouble. If PIP's never pay's that then I guess I'm in the same boat I was in before I found PIP's.
I do have a plan that would allow me to save my kid's future If I could get $6K by mid Aug. Yet, I need just $100.00 from 60 people or $10 from 600 people. I have a plan to repay everyone double of what I receive and can do it guaranteed within 1 year. However, first I need the people and the funds to impliment my plan.
Well good luck to you all and I hope God watches over all of us.
I beg of you not to start a class action suit for the simple and main reason. I honestly feel it will only make the withdrawal process even longer before any of us see anything.
Which if you take this into consideration some people have posted on this forum in the last two weeks that they received wires from DEC transactions. At least that means money is moving. Still very slow but it is moving.
Best regards
Shawn Buel
I want to know if these *****ts have the ability to read. Evidently they can't. When I joined P+++ It clearly stated the terms and it was a high risk investment. I have never met our leader but it is apparent he is not a runner and hider but a fighter. If he were a hider the site would have been gone weeks ago. We may have to take a little less than we had all hoped for but it is still the best show in town if we get half of what the program was designed to do. I am all for us hanging in there and supporting Brian and helping in any way he may deem we could. I will say this about the man, If this should happen to be a failure, which it won't, I want to be a part of his next endeavor. :D
I just posted about this on another thread that was also talking about the legal action threat by SAAD and some other members who are actually entertaining the thought.
If BM gets wind of this threat I can guarantee you that these members will not be members for much longer.
This is not a practical solution. Even though I will be one of the first to vote for accountability in the business. But, remember it all boils down to the simple disclaimer that is on the website. You loan at your own risk and no profit is implied.Quote:
Originally Posted by reform
The above is extracted from the main public page of pipsinc.com andQuote:
Disclaimer:
Although PIPS adopt a strict risk management policy, it does not offer any guarantees as businesses can go down as well as up. Our diversification enables us to provide as much security as possible within the business world. In a major market crash or worldwide economic disaster there is a risk that all funds could be lost. Please bear this in mind and DO NOT loan funds that would cause you financial hardship if lost. PIPS does NOT sell, offer to sell any form of stocks, bonds, securities or other financial instruments. All the information contained in this site is for personal use only and should not publicized or reproduced in any form whatsoever..
copyright 2003 - Pips Inc. & pipsinc.com
is not considered by the poster of this article to be in violation of
implied agreement of posting of private company information. To that
note, this material is still Copyright 2003 by Pips Inc. (PureInvestor). [/quote]
And if I remember correctly, and I do because I have the paperwork copy here, we all had to sign that disclaimer and fax it into PI when P*Ps came into being.
For a guy who built a small empire from the ashes of the clone days, this Warren geezer, who has only been with the company a few months, (but talks as though he had been there longer), sure has given the boss a complete change of character. Is that sour grapes because he could not have his own way? Maybe, but I have,nt seen Gary go down road yet, and he knows as much as Bryan himself.
Got to use some common sense here, and just wait, we are pretty good at that aint we :wink:
paddy
My personal opinion is that Brian has too much control over 2 many things for a company this size. It's just not a good idea, whats happens if he and Sharon are killed in an accident say, there is no one from what I read who has complete knowledge of how things are running, not even Gary, for this company to survive.
Hi that's a PIPS disclaimer.
What about Picpay?
I don't think that'll happen!! getting paid I mean. I don't know who this Warren guy is but the way he talks about Bryan is as if BM went nuts and is ready for the nut house!!Quote:
Originally Posted by invhope
"IS THERE A LIGHT AT THE END OF THE TUNNEL?"
The answer is simple......of course there is.
There was a light at the end of the PI tunnel and at the end of the GW tunnel, so why would Bryan not be well into planning the next program?
It may be, of course the light of the oncoming express train! :(Quote:
"IS THERE A LIGHT AT THE END OF THE TUNNEL?"
The answer is simple......of course there is.
History of the light bulb
http://en.wikipedia.org/wiki/Light_bulb
I know there are people who are planning on bringing formal charges of fraud against BM for what its worth.
They are desperate and stupid and the only real threat to PIPS because of their impatience in trying to get rich.Bryan never guaranteed anything and everyone signed a disclaimer.So none of the charges will hold up in court and only cause us to truly lose.I say give him as much time as he needs.He hasn't run away with our money and he isn't ripping us off.So anyone considering filing charges is a DF *****.Quote:
Originally Posted by Pauly Walnuts
All of these internet investments are completely destroyed by people who think they own the world.I say F--- em.
:o :o :o That's what I say kdwa3! :wink:
I agree with you 100%.Quote:
Originally Posted by kdwa3
Bryan will clear all this and keep us going forward.
What it's worth is NOTHING!!Quote:
Originally Posted by Pauly Walnuts
Their chances of ever realizing any $$$$ is about "0" to "-50" and it will likely cost them money just to lose money.