Thread: BNM Short news on the investigation

WORKS FOR ME ;-))

Originally Posted by bburgess

It will be a great Christmas 2006 for all us PIPS members. PIPS will return by then as BM said in his Christmas 2005 post.

I think we all can forget this PIPS story!!!

waiting mode... ok because it seems most selected this option,
there is no choice so I am afraid we can forget about Pips.

Originally Posted by greeneyes

I Like Your Post And You Style. I Agree With Your Thoughts. One Thing That Has Been Bothering Me For Months Is This; If Those People Who Are Being So Negative About Not Receiving Their Monies Went To Las Vegas Or Some Other Gambling Pplace And Lost Their Monies, Would They Go To The Owners Of The Casinos And Ddemand Their Moniey Back Because They Lost?
Investing In Itself Is A Gamble, So Why Boo Hoo So Much - If You Have Faith Like The Majority Of Us Do, You Will Quite Possible Get Your Money Back And More. Sooooo, Join With The Rest Of Us And Have Patience, Pray, Play And Enjoy Live. You Are Only Making Yourselves Miserable By Complaining.
God Bles And Pips Will Return.

AMEN, Greeneyes !

Mike

Originally Posted by greeneyes

I Like Your Post And You Style. I Agree With Your Thoughts. One Thing That Has Been Bothering Me For Months Is This; If Those People Who Are Being So Negative About Not Receiving Their Monies Went To Las Vegas Or Some Other Gambling Pplace And Lost Their Monies, Would They Go To The Owners Of The Casinos And Ddemand Their Moniey Back Because They Lost?
Investing In Itself Is A Gamble, So Why Boo Hoo So Much - If You Have Faith Like The Majority Of Us Do, You Will Quite Possible Get Your Money Back And More. Sooooo, Join With The Rest Of Us And Have Patience, Pray, Play And Enjoy Live. You Are Only Making Yourselves Miserable By Complaining.
God Bles And Pips Will Return.

Thats the way I have always looked at it. The money I " loaned " PIPS was equal to the money my wife lost in Vegas that same year.

H...., Life is a gamble
Everyday I get up I thank GOD or whoever you might thank that I am alive to enjoy the sun, the rain, my pain thats with me daily.

God Bless and keep your hope alive, Bryan is a man of vision, a man willing to try where others will not.
And remember if you try you might fail but if you dont try you have failed.

moh43

The problem I have with using a Las Vegas analogy is that if I had won playing the slots, then I would expect to be paid. I mean the gamble was playing in the first place but if you win you expect to get paid. I knew that there was a risk involved when getting into PIPs but my understanding was that money in Picpay was safe and backed by gold.

Originally Posted by BeerHunter

The problem I have with using a Las Vegas analogy is that if I had won playing the slots, then I would expect to be paid. I mean the gamble was playing in the first place but if you win you expect to get paid. I knew that there was a risk involved when getting into PIPs but my understanding was that money in Picpay was safe and backed by gold.

You are absolutely right, picpay funds were supposedly risk free and must be accounted for it is our money, Pips is a different situation.

Hi Marek, thanks for the update. Patience is virtue. Just got to waited out.
Please continue to keep us inform.
poconos.

Originally Posted by Admin

What's still strange is that, they have now spent 1 full year almost,and havnt decided if they will procecute Or not! Still going good in MHO.

Lets hope for the best.

marek

There is a lot of money banks can make by holding funds overnight, Imagine years!

Regards and God Bless,
VidaSinDeudas

Originally Posted by OICU812

You are absolutely right, picpay funds were supposedly risk free and must be accounted for it is our money, Pips is a different situation.

I agree.

Monies in pips 2% programme could be at risk if financially a “global meltdown” occurred.
Monies in picpay were “good as cash” and backed by gold reserves in Australia.

BNM’s accountants will finish their audit eventually. Only then will we know if the Central Bank of Malaysia will allow pips to continue or not .

We have a long wait ahead of us.