The program remains open to new members until further notice. If I feel it has reached a point where I need to close it to new member deposits I will give 3 days notice. With periodic reopenings. You will be paid back to the e-gold account you made your spend from in 30 days.
Max is stil $500 min. is $10.
It has been about 2 1/2 months now since the program was launched and all continues to go well. Payouts continue right on schedule. I am doing away with the 15 day plan. Right now there is no interest in the 15 day plan, 100% of the people in the program are in the 30 day plan, so going forward that will be the only option.
Also, I need to clarify how the principal guarantee works. So far everyone has been fully paid with earnings so it hasn't been an issue. Also I don't see it being a current issue since I have not experienced any losses in the last few weeks. However, just to clarify up front. The gurarantee means that if I were to add up total deposits and subtract total withdraws into and out of the e-gold account then people are guaranteed to always have a break even scenario. I am careful to keep cash reserves to cover for losses. So for example if you put in $500 and your spend expires and you are paid $675 and then you put $300 back in again as a 2nd spend your total deposits would be $800 ($500 + $300) your total withdraws would be $675 for a net differnce of $125. If the program experienced significant losses and the "gurantee" portion needed to be utilized, then this example would have guaranteed back to them $125 to bring them back to break even.
Finally, I would like people to start indicating (via email or PM at MMG) when they make their spend what their intentions are at expiration. (payout profits---reinvest principal) (full reinvest), (full payout), (payout $100---reinvest $200) or whatever the case may be. This helps to cut down on processor fees and helps me plan out the cashflow needs. I will not hold you to what you indicate. In other words if you state to "reinvest principal and payout profits only", then change your mind later that is fine, but if you could indicate your plans when you make the spend then try to stick to that then it will help tremendously.
Thanks for all the feedback from the last post. Most chose to email me. The return will stay at 135% over 30 days. However, I will reserve the right to payout a lower amount if I feel it needs to be done due to negative circumstances. This is just being stated as a FYI, but again I emphasize I don't currently see any need to pay out less than 135%.
Thats all for now.
