Saturday, December 30, 2006
Demise of The Finer Things - Xlentxtra
This is proving to be a very daunting month for surfers out there. Could the demise of TFT be the last straw that breaks the camel's back?
I am not trying to be cynical, but private placement is somewhat of a taboo in this industry, especially if a program is facing cash-flow problems.
Andy has been a good admin thus far and has always conducted his business in a honest and efficient manner. In fact he is one of my all-time favorite. So has Dave in the days of DadandDaves. However, we all know the outcome in this industry and it is something which we have to live with if we want to play the game.
Autosurf Dummy do not think it is wise to place more money into the program just yet lest investors get hurt more than they have already been. However, that is not saying that this program is dead in the water. With Andy's experience and goodwill, the program may just see the light at the end of the tunnel and investors should stay calm and wait till Jan 31 for the final judgment.
I am not trying to be cynical, but private placement is somewhat of a taboo in this industry, especially if a program is facing cash-flow problems.
Andy has been a good admin thus far and has always conducted his business in a honest and efficient manner. In fact he is one of my all-time favorite. So has Dave in the days of DadandDaves. However, we all know the outcome in this industry and it is something which we have to live with if we want to play the game.
Autosurf Dummy do not think it is wise to place more money into the program just yet lest investors get hurt more than they have already been. However, that is not saying that this program is dead in the water. With Andy's experience and goodwill, the program may just see the light at the end of the tunnel and investors should stay calm and wait till Jan 31 for the final judgment.
There is going to be a twofold change to TFT.
We have had a few problems with the earning vehicles used for TFT. My sense of why is connected to the recent actions of e-gold and a perceived dropping of confidence in them. Comments by many that e-gold was going to close has added to the general decline. While this is not my position - the way that we used to generate returns has been steadily dropping. Looking for the right alternatives is a daily process.
Steadily dropping returns has meant that some incoming were used to pay existing obligations.
The decline started early December and accelerated throughout the month. This has caused a cash flow issue .
Within the HYIP arena there are such things as private placements - they tend to be "those things you hear about but never actually eventuate." My reading and research has shown them to be real - but previous to now I have not been able to access one directly.
This has changed over the last little while.
The reality part is that I cannot say a whole lot about it but I can assure you and reassure you that I have done my homework.
This opportunity (high risk though it is) is one that I plan to capitalize on.
The downside - the placement fees are high - we are talking serious money here.
So after much discussion here is what I am going to do.
All available TFT funds are to be diverted to this opportunity. This amount still does not meet the minimum required so the following will happen.
Payouts will stop - for the course of the trade.
TFT incoming spends will go to the placement.
TFT will close on 3 January (1 week)
ALL spends (all existing/outstanding ones + all new ones) will be paid in full as of January 31.
To be clear - no more TFT payouts till Jan 31 then EVERYONE gets paid.
Additionally a place in the forum will be set up for those who wish to participate more directly in the placement. Access to that is going to be at my discretion. I cannot empahise enough that this is a private offer. I cannot and will not dicuss publicly.
Participation will be via e-gold - that doesn't change.
Maximum amount to invest is under review.
One more thing - once the amount needed to participate is reached all offers will be closed. We will not accept more than we need. Period.
Now this is not a "going private" thing. It is an opportunity to pool funds to participate in a private arrangement.
I also know (extremely well) that this is going to cause some discussion dissention crtiticism etc. I accept that - just as - on opening the program I accepted the responsibility to generate the returns to you in the most efficient manner possible.
To head off queries -the most obvious being could TFT continue - based on the current (right now) trend - No. Could we trade out? I was and am going to try - and this is the option I have decided upon.
Are refunds available - No they aren't.
I had previously stated that if and when TFT closed everyone would be happy. This closure is sooner than I thought - but I am adjusting to the circumstance.
It is my real belief that although the delay of payout until 30 days may cause some (a lot?) of pain for some, the fact that the program will payout every member in entirety is a plus.
Now the other thing I need to mention. I reckon you have heard this spiel before - I think I have heard things along similar lines. Why should you believe me? To answer that I can only say that I am going into this trade openly and will keep people posted along the way as to progress. I am not closing the forum - nor XLO (which is it's own distinct program). I am working to provide each and every one of you the return you were after - circumstance has dictated that this will take longer than originally thought.
In closing - I take full responsibility for this decision. I understand that is not going to be popular to all - but it is my thought out and considered opinion that it is the best option for everyone.
Your comments are always welcome.
Andy
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