Hi
This, as is typical of PIPS, is an unconfirmed rumour that was passed on to me by a very senior support person.
Firstly the messages supposedly from gary and Warren are bogus. YES they have resigned but for personal/medical reasons.
Secondly, the reason why picpay is in such a bad situation with withdrawals is that the amount of fraudulent funds in the accounts is almost untraceable. This in itself has been stopping most transfer requests.
Now what Bryan is going to do is to start a seperate payment processing company and all NEW Loan roll over payments will go into there for immediate withdrawal. Picpay will cease to exists after some time and any surplus of funds will go to charity. This has had to occur due to the fraud of certain members.
So some bad news wrapped into some good. At least withdraw requests will start to move again.
Aparently, they are expecting this to become public knowledge in the next 7 days or so.