GoldenRocks Update
Well, here's the last specific post on GR I will make (besides informing you whether they continue to pay or not!)
Here's the big Monday update:
"Here's an Admin post on the GR forum:
Dear members,
First of all let me thank you for your PATIENCE and SUPPORT so far, it is GREATLY appreciated.
Let me briefly summerise the GR performance up till this very moment.
All that I can say, though, we had a great year behind. GR has managed to survive for the full 13 months, and I'm not superstitious to call this number, because it was a really successful period for all of us involved.
We have managed to build a great community here, through thick and thin, must I add. Nick has done a terrific job of administering the GR and keeping the whole thing afloat through a lot of odds. My hat is off to his outstanding performance. He was really between a rock and hard place during all these months, while I was away. If you've been with us for the last 8 months you must know what I mean.
Our membership counts almost eight thousands as of today, we have a good amount of capital to work with, we have paid out a fortune during these past months. That all being said, there are changes that are need to be made to ensure the program longevity. I think you all understand that.
We must adjust to the new conditions to be able to cope with the growth in membership and capital of last several months.
The GR fund has grown to the point where it is no longer reasonable to match the funds you loan to us with our own, it can now survive by itself without the leverage we used to provide. This will result in lower return rates, however I think you will still find them attractive.
We shall no longer offer the fixed rate on your loans, the returns shall be variable reflecting the performance of active part of our family fund.
PROJECTIONS FOR THE PRIVATE PROGRAM
There will be no web-site, just this forum that is soon to be private and accessible to the members only.
$100 minimum - $50,000 maximum per day.
Investment period - 40 days (30 business days + several days to toss funds around)
ROI - variable return rate of 30-90% per invesment period plus your capital back at the end of the term.
Payments - payments shall no longer be automatic, you will have to request a withdrawal within 5 business days after maturity. Withdrawals shall be paid manually within 48 hours. Should you fail to withdraw your capital and interest within the timeframe specified, your funds shall be automatically re-loaned and compounded for the next 40 days. This must save us lot's of time, fees and nerves from tossing funds around.
TRANSITION
All current 30 day loans since Jan' 20 shall be paid in 40 days after deposit is made subject to the payment terms above ( you must request a withdrowal of the full loan amount within 5 business days)
All current 60-90 day loans shall be honored and paid automatically under old terms.
The return rate for the remaining loans of January is set as 65% based on actual fund performance since mid of last month.
All current members must URGENTLY register here at this forum as it will be closed for the public in 10 days.
It will take us some time to adjust our database and formulate new terms and conditions. It will be posted here anytime before next Monday.
Meanwhile you can make loans to the e-gold account known to you.
So, well, that's it in short terms, guys. Hope you will not be disappointed by these new program terms. We are open to any feedback that you might provide.
Your humble servant,
Mike
Admin of the Private project GR."
So, you have to go sign up at their forum. Where's that?
Goldenrocks Forum
I'll keep y'all posted... Commentary? Well, they're not down and out yet and the behaviours are a little different and less rushed than normal "we're about to scam off behaviours." If they survive and pay for another year I will count my blessings that's for sure, and if they don't, well they were always high returns and high risk anyway!
Here's the big Monday update:
"Here's an Admin post on the GR forum:
Dear members,
First of all let me thank you for your PATIENCE and SUPPORT so far, it is GREATLY appreciated.
Let me briefly summerise the GR performance up till this very moment.
All that I can say, though, we had a great year behind. GR has managed to survive for the full 13 months, and I'm not superstitious to call this number, because it was a really successful period for all of us involved.
We have managed to build a great community here, through thick and thin, must I add. Nick has done a terrific job of administering the GR and keeping the whole thing afloat through a lot of odds. My hat is off to his outstanding performance. He was really between a rock and hard place during all these months, while I was away. If you've been with us for the last 8 months you must know what I mean.
Our membership counts almost eight thousands as of today, we have a good amount of capital to work with, we have paid out a fortune during these past months. That all being said, there are changes that are need to be made to ensure the program longevity. I think you all understand that.
We must adjust to the new conditions to be able to cope with the growth in membership and capital of last several months.
The GR fund has grown to the point where it is no longer reasonable to match the funds you loan to us with our own, it can now survive by itself without the leverage we used to provide. This will result in lower return rates, however I think you will still find them attractive.
We shall no longer offer the fixed rate on your loans, the returns shall be variable reflecting the performance of active part of our family fund.
PROJECTIONS FOR THE PRIVATE PROGRAM
There will be no web-site, just this forum that is soon to be private and accessible to the members only.
$100 minimum - $50,000 maximum per day.
Investment period - 40 days (30 business days + several days to toss funds around)
ROI - variable return rate of 30-90% per invesment period plus your capital back at the end of the term.
Payments - payments shall no longer be automatic, you will have to request a withdrawal within 5 business days after maturity. Withdrawals shall be paid manually within 48 hours. Should you fail to withdraw your capital and interest within the timeframe specified, your funds shall be automatically re-loaned and compounded for the next 40 days. This must save us lot's of time, fees and nerves from tossing funds around.
TRANSITION
All current 30 day loans since Jan' 20 shall be paid in 40 days after deposit is made subject to the payment terms above ( you must request a withdrowal of the full loan amount within 5 business days)
All current 60-90 day loans shall be honored and paid automatically under old terms.
The return rate for the remaining loans of January is set as 65% based on actual fund performance since mid of last month.
All current members must URGENTLY register here at this forum as it will be closed for the public in 10 days.
It will take us some time to adjust our database and formulate new terms and conditions. It will be posted here anytime before next Monday.
Meanwhile you can make loans to the e-gold account known to you.
So, well, that's it in short terms, guys. Hope you will not be disappointed by these new program terms. We are open to any feedback that you might provide.
Your humble servant,
Mike
Admin of the Private project GR."
So, you have to go sign up at their forum. Where's that?
Goldenrocks Forum
I'll keep y'all posted... Commentary? Well, they're not down and out yet and the behaviours are a little different and less rushed than normal "we're about to scam off behaviours." If they survive and pay for another year I will count my blessings that's for sure, and if they don't, well they were always high returns and high risk anyway!
posted by chancer at 5:38 PM
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