My OWN readings to CEO POST, analytical approach.
Eventhoguh we should always wait for BM to feed us with info, and not to speculate things, it still doesn't hurt to post some merely PERSONAL anylysis or readings to recent CEO post especially if they are not rooting from negative feelings that pips is dying.
1- First valuable impression I got is that pips is STILL there(didn't collapse like what some folks anticipated)-quote(road to this year would be a bit bumby) (excuse my English).
2-Got the feeling that eventhough he had some news for us but he declines to tell. sine it will get curculated(all over the net) not the exact quation but meanigs remain the same. Beside he wants to give room for any unexpected obstacles that may occur to his good news before they get implemented.
3-He mentioned that they are working things out to me means some major constructions going on. Simple logic= if pips was dying out there is no need to spill sweats right? the man is recostructering the pips house. Here comes the main factor of delays. And folks we need to realize that most if not all of structures in the financial arena means some sort of sacrifices from investors side. when I joined PI back in Nov 2003 I paid 800$+ for 2 cloyne positions. When the system shifted to pips I found myself have one pips position instead of 2. I raised a question and received a detailed reply from Brian himself. It was the price paid for trasformation and also one reason being to distribute positions fairly among ALL pipsters was very satisfying replies to me. So my point here is to prerpare myself and my fellow pipsters for some funds losses that MAY come along with any new rebuilding or future constructions.
There are some scenarios ahead which in my opinion may take place:-
1- Reduction to 2%/day to some lower percentage in order to regain the lost funds(sizuer, frozen,..etc) and let pips move with a reduced profit.
2-The new out look may ask members who already recoped their inital capital in pips to give the way for other fellows who didn't gain back the capital by letting first batch of WD to go for them first(fair enough)(In my case I already gotten back my initial capital only) and would be more than happy for any new construction to take my ROL for my other beloved members.
3-Both a cap + a limt to WD times/month. possible
4-PIPS may think to MERGE with another big online invest company yes big guys will be happy to have us(PI have big bucks right?) meaning for pips to benefit from the new company's payment gateway(Unfortunately it needs to be a USA one) givien the current condition that some USA states are running after pips.(A USA flavored one also would work).
5-This merge can increase the profit % ruling the above redution out e.g. to 30% or even more with BOTH cap & time limits as to WDs.
6-The last resort and worse scenario would be total delays of WD with some good and firm guranttess from CEO that they WILL be paid in the very coming future(shouldn't be more than 1-2 months) till the constrution finishes. My bet is Brian will fight AGAINST this using everything in his capabilities as a humanbeing.
PS: I am neither a PIPS-USA member, nor an insider of a pips company so these are just readings to management's mind and also to compare this to the last transformation from the PI 2% program into pips formula. lots of sacrifices to reach our goals and CEO kept his word by confirming that the new system was going to bring more$ to members it did. I would stay positive untill otherwise officially stated.
And remember:
THE ROAD TO SUCCESS IS ALWAYS UNDER CONSTRUCTION.
Disclaimer:
The above are mere opinions and analyatic readings to BM recent update,and shouldn't in any ways be interpreted or implied diffrently.
Analysis from big update from BM
Time for a reality check. Multi-multi million dollar company, having trouble figuring out how to pay people.
BUT, still finds a way to produce a video product for sale.
Now let's see, there is not a bank in the known civilized, or un-civilized world that will work with this large company, in order to make money for themselves.
And lo and behold, after 7 months of high financial dealings, statements of incredible break-thrus in the banking business, and basic "if you don't like the way we play the game, We'll take our ball and go home" comments,
the latest and greatest news update, is as always, next week, folks, next week.
Far out.
Thanks WallyD2......I feel better already
Quote:
Originally Posted by WallyD2
drgibble - in reality, there are in fact very few banks that will work with PIPS or PICPAY due to the size and complexity of the transfers required.
There are many thousands of small banks, particularly in the Caribbean, the USA, former territories of Russia, etc., that would welcome PIPS (or PICPAY's) funds but try to get those funds out again. Deposits are welcomed but withdrawals are stonewalled.
I've had a few experiences with banks of the type I've described and their favorite tactic (especially now thanks to the so-called Patriot Act of the USA) is one where they hang on to funds saying that the funds will have to be verified as to origin, etc., etc. Another ploy of Caribbean banks in particular is to tell the client that they now suspect the funds may be of criminal origin or were deposited for 'laundering' and that due to regulations of the state they will now have to be held by the bank (usually forever - or they tell you that their correspondent bank is now bankrupt). Excuses are a dime-a-dozen but maybe you get the drift.
The US Federal Reserve (the 'Fed) actually has nothing to do with the US govt - it's a private corporation and they, as well as the US govt, claim they have the right to control the usage of US dollars.
So - I think that Bryan has a tough row to hoe - not too many banks will cross the US govt or the Fed just for the sake of facilitating PIPS payments. I believe that if PIPS can get the Cambodian bank going they may soon be accepted into the 'club' of the major banks, but it will still take some doing.
Regards -
.........................................
What you say fits in with my intuition and it's great to have somebody with experience to lend it some "concrete. Thanks :D
Insights o international banking
WallyD2
Thanks for the insights on international banking.
I would suggest that you next buy 20 tickets in the PIPS-AID lottery.
You may have a better chance at recouping your investment, that is if they ever pay off on the lottery.
