Global Mutual And The Neverending Cycle
What's happening out there in Internets land boys and girls? Drop me a line and tell me your woes, you might even get a mention on this here humble websitey-slash-blog.
Well, Global Mutual and its stable of investment programs keep on churning out the results and news updates.
First up, the short and simple update - Gordon got back to me about Neverending Stori and said that there is one small "tweaque" (another one of his Monty Python-esque play on words I take it) left to go to the website then the last of my missing data shall return. Good stuff - seriously, get into Nes (if you can afford the punt!) I'm loving it.
Now, GMI VCShares has caused a bit of controversy but the downgrading share prices is not a bad thing apparently - it's just a site update. More follows:
"VCSHARES has had some teething problems which should be sorted over the next 24 hours.
The list price has beed reverting to 25cents instead of maintaining the VC growth of 1c aday per $ invested.
VCShares has approached a Marketing Professional to help Market GMI-Vcshares. The individual concerned has had high profile experience in previous VC programs.
It is still a public holiday in Australia, and will probably be the same for US.
While we wait for Aussie Mutual to get back into form for dividends, I am waiting to receive some interest from our FX trader in order to renumerate members while they wait.
It will take 1-3 months for Aussie Mutual to get back into form. In the meantime, we have a plan to back up payments utilizing FX
The rates and auto-payments will be flicked on once the Trader returns interest to us.
I know its been tough for you.
I have had to put off two executives, and may have to temporarily close office in Sydney to save on costs.
I have had several offers of decent office space at resonable prices.
I have had some "NOT NICE" comments from a few who have ventured to say that the shares are worthless.
Let me ask you this question: "How much do you value your own money?"
And again: "How much is it worth having your money invested in a real company, actively trading and about to introduce a cutting edge product into the Australian Finance industry?"
The Nature of Venture Capital is sometime one step backwards, before going forwards again.
The Backstep is over. We are now moving forward again.
You will see the final 3 GMI industries fall into place over the next quarter.
GMI-Sentinel Specialist Hosting Services.
GMI-Shopping.
GMI-Corporate Development.
ALL GMI Industries are collectively owned by GMI paying members.
ALL GMI Profits from all services will be returned the the CO-OP whole, namely in the form of interest.
We are also looking at a card system, but I have not been satisfied with the form of what I have seen thus far.
One year ago, GMI did not exist as a formal company.
We had a cyber presence and about 100 members and dreams.
Today we have a combined 4,000 members, a highly tweked set of scripts, and hopefully most of our first years troubles behind us.
I believe we are set for a wonderful 2006 year of service.
The first three months will be slow, but will pick up pace as all industries come into play.
PLEASE TRY TO REMEMBER THIS:
EVERY STARTUP VENTURE SUCCEEDS OR FAILS IN THE FIRST TWELVE TO TWENTY FOUR MONTHS.
GMI has made it to the 12 month mark.
GMI owes no money.
GMI only pays out on REAL RETURNS.
FINALY: YOU THE MEMBERS ARE GMI
WHENEVER YOU SPEAK OUT IN FORUMS, YOU ARE REPRESENTING GMI!
WHAT YOU SAY IN PUBLIC EFFECTS YOUR PROFITS.
IT WAS A LOUSY LAST QUARTER, BUT HEH, WE ARE STILL HERE, AND HAVE RE-GROUPED, NOW ITS OUR TURN TO BAT.
I hope you will try to be nice to your forum masters, and even though we ain't there yet, I believe we will soon get that watershed that says: WE MADE IT! IT WAS WORTH IT, WE HUNG IN THERE AND NOW WE ALL REAP THE REWARDS.
Lets behave well together and apart,
Lets work together for a joint success as fellow Venture Capitalists.
Gordon M Doherty
International Administrator
GMI 2006"
Nice update from Gordon there rallying the troops.
There was a bit of a prior update on the FX Fund within Global Mutual that I won't publish here, except to say it's 'all good.' From what I can decipher, not all of the earnings can be compounded in the FX Plan (good) and it still is classified as Venture Capital instead of a Mutual Fund due to the way it works (principal locked with lifetime interest.)
Support Global Mutual, y'all!
(It's Australian after all. :-))
Phew, that's a lot of long ass updates in one sitting, so scroll back down and see what you mighta missed out on. Till next time (probably five minutes from now knowing me), I bid you all adieu.
Well, Global Mutual and its stable of investment programs keep on churning out the results and news updates.
First up, the short and simple update - Gordon got back to me about Neverending Stori and said that there is one small "tweaque" (another one of his Monty Python-esque play on words I take it) left to go to the website then the last of my missing data shall return. Good stuff - seriously, get into Nes (if you can afford the punt!) I'm loving it.
Now, GMI VCShares has caused a bit of controversy but the downgrading share prices is not a bad thing apparently - it's just a site update. More follows:
"VCSHARES has had some teething problems which should be sorted over the next 24 hours.
The list price has beed reverting to 25cents instead of maintaining the VC growth of 1c aday per $ invested.
VCShares has approached a Marketing Professional to help Market GMI-Vcshares. The individual concerned has had high profile experience in previous VC programs.
It is still a public holiday in Australia, and will probably be the same for US.
While we wait for Aussie Mutual to get back into form for dividends, I am waiting to receive some interest from our FX trader in order to renumerate members while they wait.
It will take 1-3 months for Aussie Mutual to get back into form. In the meantime, we have a plan to back up payments utilizing FX
The rates and auto-payments will be flicked on once the Trader returns interest to us.
I know its been tough for you.
I have had to put off two executives, and may have to temporarily close office in Sydney to save on costs.
I have had several offers of decent office space at resonable prices.
I have had some "NOT NICE" comments from a few who have ventured to say that the shares are worthless.
Let me ask you this question: "How much do you value your own money?"
And again: "How much is it worth having your money invested in a real company, actively trading and about to introduce a cutting edge product into the Australian Finance industry?"
The Nature of Venture Capital is sometime one step backwards, before going forwards again.
The Backstep is over. We are now moving forward again.
You will see the final 3 GMI industries fall into place over the next quarter.
GMI-Sentinel Specialist Hosting Services.
GMI-Shopping.
GMI-Corporate Development.
ALL GMI Industries are collectively owned by GMI paying members.
ALL GMI Profits from all services will be returned the the CO-OP whole, namely in the form of interest.
We are also looking at a card system, but I have not been satisfied with the form of what I have seen thus far.
One year ago, GMI did not exist as a formal company.
We had a cyber presence and about 100 members and dreams.
Today we have a combined 4,000 members, a highly tweked set of scripts, and hopefully most of our first years troubles behind us.
I believe we are set for a wonderful 2006 year of service.
The first three months will be slow, but will pick up pace as all industries come into play.
PLEASE TRY TO REMEMBER THIS:
EVERY STARTUP VENTURE SUCCEEDS OR FAILS IN THE FIRST TWELVE TO TWENTY FOUR MONTHS.
GMI has made it to the 12 month mark.
GMI owes no money.
GMI only pays out on REAL RETURNS.
FINALY: YOU THE MEMBERS ARE GMI
WHENEVER YOU SPEAK OUT IN FORUMS, YOU ARE REPRESENTING GMI!
WHAT YOU SAY IN PUBLIC EFFECTS YOUR PROFITS.
IT WAS A LOUSY LAST QUARTER, BUT HEH, WE ARE STILL HERE, AND HAVE RE-GROUPED, NOW ITS OUR TURN TO BAT.
I hope you will try to be nice to your forum masters, and even though we ain't there yet, I believe we will soon get that watershed that says: WE MADE IT! IT WAS WORTH IT, WE HUNG IN THERE AND NOW WE ALL REAP THE REWARDS.
Lets behave well together and apart,
Lets work together for a joint success as fellow Venture Capitalists.
Gordon M Doherty
International Administrator
GMI 2006"
Nice update from Gordon there rallying the troops.
There was a bit of a prior update on the FX Fund within Global Mutual that I won't publish here, except to say it's 'all good.' From what I can decipher, not all of the earnings can be compounded in the FX Plan (good) and it still is classified as Venture Capital instead of a Mutual Fund due to the way it works (principal locked with lifetime interest.)
Support Global Mutual, y'all!
(It's Australian after all. :-))
Phew, that's a lot of long ass updates in one sitting, so scroll back down and see what you mighta missed out on. Till next time (probably five minutes from now knowing me), I bid you all adieu.
posted by chancer at 7:13 PM
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