After reading this tread and others, I've come away with one underlaying theme here or lack thereof. That is communications from top to bottom has been a total failure. It's easy to see why people are angry and upset and idle mind is the devils workshop. In order to elimnate that we must commuicate at all levels. Sometimes the truth hurts but its still the truth. Information is the corner stone of any business no matter how small are large. Empires were conquered and civilizations destoryed for lack of infomation.
You have PIPS members who really over extended and are now in various financial troubles due to numerous factors. Its easy to see why they are upset and angry a misstake was made on there part. You can say it was common knowledge that this was a high risk venture. This still does not remove the responsible from PIPS in the handling of funds, investments and payments on a timely manner to members. Problems became apparent early on so why wasn't the issues addressed? If mangers where at fault why weren't they fired if there was fraud why weren't they jailed of course thru the normal due process of justices and the law.
What has happen to the program in my view could have been avoided, please understand this is just my opinion.
PIPS, provide a platform where everyone would have come out a winner, here again is another problem, we are well aware there are forces out there who will go to any lengths to keep the common person down in the trenches.
I'm well aware this may offend some, but this is communications. Even now I feel there is information that could be passed on to members you cannot and should not deprive anyone of this simple courtesy.
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Thread: Lack Of PIPS Communications
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07-01-2006, 10:40 AM #1
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Lack Of PIPS Communications
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07-01-2006, 01:01 PM #2
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^^ It doesnt offend me. It says what I've been wanting to say. Now seems like everything is about Lotto and nothing about PIPS.
Yes I agree that by putting money into PIPS I agree to the terms that PIPS is a high risk venture and all. Nonetheless, knowing that I was supposed to get the returns as promised back then, I made my decision based on what I saw I could achieve (I thought).
I moved to another country thinking that I could start a new life here without much hassles. A sudden close down of PIPS has not only caused me lotsa hardships, but also my family back home who sometimes had to support me financially.
The fact that I'm stuck financially in another country and yet can't go home. Do you know how it feels? Very depressed, indeed.
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07-01-2006, 01:26 PM #3
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i know the feeling.
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07-01-2006, 01:38 PM #4
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Originally Posted by vincekua
Based upon the definition(s) of risk, how were you (or any of us) "supposed to" to get a particular return or "promised" a particular return? The words I quoted don't fit with the work "risk". The words "could" or "possibly" do, but not "supposed to" or "promised".
The sad thing is that there are entirely too many people on here that believe they were "supposed to" or were "promised". If you go to a stock broker and put your money with them, they aren't going to promise/guarantee you a thing except that they are "trying" to increase your stake. Many of these same people are the ones that ended up causing the eventual seizure and ceasing of operations because of their complaints (to various authorities) that they didn't get what they felt they were "supposed to" get or "promised" to get when, in actuality, they were only told that it was a "risk" but that they "could" get the returns illustrated (if things went well).Last edited by everwiser; 07-01-2006 at 01:48 PM.
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07-01-2006, 01:45 PM #5
Please read some other members good post
Originally Posted by spongebob
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07-01-2006, 02:04 PM #6
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Thank You newlife and everwiser!
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07-01-2006, 03:05 PM #7
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Why do people keep quoting the "high risk" excuse. The risk was of a global meltdown or downturns in the economy, not the risk of mismanagement and fraud....This was supposed to be a legitimate company and we (mistakenly) assumed that it was well run. Whenever anyone dared to question that aspect, they were shot down. Now we are paying for not demanding a full explanation of what was going on behind closed doors.
Avery
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07-01-2006, 03:25 PM #8
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Originally Posted by avery
Risk is risk; period. Any number of things contribute to it and any single major item can bring that risk to reality. Many people on here believe that by saying they were "promised" or "guaranteed" a profit on their "risk" enough times equals it being gospel that they would get rich. To put it in plain terms, "It just ain't so!"
I've said it in other threads and I'm "risking" getting repetitive but everyone was instructed and agreed to not "risk" more than they could afford. It doesn't get any simpler than that. "Hope for the best, but plan for the worst." The "hope" was taking the chance for a great return. "Planning for the worst" was not risking too much (life, liberty, and/or happiness) on that chance.
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07-01-2006, 03:35 PM #9
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Originally Posted by avery
Remember Enron? I thought that was supposed to be a legitimate company? It was registered with the SEC and the blessings of many in the current US administration and all the golden trappings......
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07-01-2006, 03:40 PM #10
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Originally Posted by everwiser
So what are these people going to say next? That Bryan was responsible for supplying the email service and the pens and papers for these trouble makers to contact HSBC so that HSBC would shut down the Pips bank account?
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