Thread: interesting reading

From TG Forum


I'd just like to add a few points, for those who keepo screaming "where's the proof" one way or another.
The facts, in short are:

Not paying for over a year is not in itself proof that PIPS is a scam. It does mean that they are in default on contractual obligations, and if PIPS were a real company, this would be grounds for an involuntary bankruptcy proceeding. As PIPS is not properly registered anywhere, they are not entitled to bankruptcy protection. This means, from a legal point of view, that PIPs is indeed fraudulent, just because there are only two legal choices, bankrupt or fraud. But that's not, strictly speaking the same thing as a scam.

C&D orders from several states are not in and of themselves evidence of a scam. Again, in a legal sense, several states have ordered PIPS to cease operations in their respective jurisdictions, or provide reason they should be allowed to continue operations. By default (not answering within the prescribed time period) PIPS has chosen to not deny these accusations and by definition admitted they were not in compliance with the laws of these jurisdictions. As Pips is not operating in any place right now, save for Malaysia where the operations are confined to responding to criminal enquiries, they are in a round about way no longer in non-compliance. That only leaves the places that have imposed Civil penalties and only their non payment of these fines is now non-compliant. Outside of these states, they have not been held to be a fraud or scam in any way, at least formally. Of course, not many blue chip companies are more or less banned from operations in at least 6 states, but even that is not concrete proof that PIPS is a scam.
Next, on the constant bickering about whether PIPS hasd money, or if the banks have frozen it et al....Both sides are right. The banks have indeed frozen PIPS assets, so yes, they do have money. Depending on who you believe, it's anywhere from $120K USD to $21M USD, but it doesn't really matter. In order to be solvent to it's lenders/members/investors/suckers it would need just shy of $4Billion USD at least, if you're one of the truely naive who thinks your ROL is still growing. At 2% daily ROL, it needs to generate $80 Million USD EVERY DAY to keep your ROL going, and that increases every day, too. I don't think anyone is deluded enough to imagine that PIPS is generating that kind of cash now, or ever did. That, unlike everything else is in fact evidence of a scam, because no business was ever contemplated by the principals of PIPS that could even come close to making that kind of cash. That is, not even compounded, 29.2Billion dollars annually, a little more than enough to buy Ford, GM and Toyota, so PIPS is either not what we've been told, or much bigger than we ever thought. Anyone who believes the latter needs help.
To those who are saying that BNM has been investigating for X amount of time, and hasn't found anything yet, you're wrong. When you investigate something, and it's legit, it only takes a few days, a few weeks at most. I work at one of the 5 largest companies in the world (Ford Motor) and our annual audit takes about a month, give or take. When a companiy makes notice that their 10K filing is going to be late, it's never because they found such good news that it'll take longer to count all the profits. The longer it goes, the more they're finding wrong, this is almost universally true in accouting. I'll give a dollar to anyone who can find a publicly held company that had it's stock price rise when they announced they were filing late. (It has never happened, I checked) It takes much longer to check out the things wrong than it dioes to say everything is "A-OKAY"

Once again, pure speculation and the fact that it is from TG means that it is crap. Please go to TG if you want to discuss their garbage.

I don't remember Bryan saying that the investigation was still ongoing. Maybe Bryan is waiting for the last details of the restructure. I don't remember Bryan saying that the investigation by BON was against Pips. What if Bryan asked BON to audit the fraud caused by former Pips employees.
If my scenerio is true the TG Forum arguement is a moot point.
As usual.

PIPS IS Properly Registered, in Panama !
This is Just more TG Crapolla from a Trolla !Oh, did I just speak Italian?

Mike

Originally Posted by weathernut

PIPS IS Properly Registered, in Panama !
This is Just more TG Crapolla form a Trolla !Oh, did I just speak Italian?

Mike

se! uh oh, I typed Italian too! You know they "non-believers" will continue to rain on us until BM rolls out the new programs...so, until then we'll continue to get their Crap(olla).

The best days lie ahead and remember we all survived PIPS 2005 and PIPS made us all rich in 2006!

krisark

Grace, mercy and forgiveness will help a man walk tall - JCM

Originally Posted by weathernut

PIPS IS Properly Registered, in Panama !
This is Just more TG Crapolla form a Trolla !Oh, did I just speak Italian?

Mike

Weathernut, I did not know you were bilingual!
Thatsa Nice!

(Note to Mods: Don't worry bilingual is not a dirty word) lol

Load of bo**ocks. Just wasted a minute of my life reading that crap.

Don't worry Adster, we have many more minutes to share!


I just feel bad for member99, he was poorly educated by others. I think all members should show there affection, and no hard feelings towards these trolls. Send him a PM saying how much you care, and enjoy having them around. Heck, at the next convention, we should even buy them a beverage!

So don't the guy, welcome him.

4D

Member99,

As you are QUITE NEW here (1 Post)

I FORGIVE you for your ignorance regarding the PIPS SAGA....
But Please....stay in here...take off your shoes and Relax...Maybe YB will even bring you a Beer...There are SEVERAL Mentors here that you can ask questions of and even listen to...and maybe even LEARN some positive things...who knows?

Cheers

Largo

Originally Posted by luckydog

Weathernut, I did not know you were bilingual!
Thatsa Nice!

(Note to Mods: Don't worry bilingual is not a dirty word) lol

You guys are too funny, I'm cracking up over here!!