Interview With The Gordon
(You know, like Anne Rice.)
I spoke to Gordon yesterday via phone for a general chat. He's got a lot of things on his mind at the moment, and had just arrived at work when I called him.
There were a few ideas brought up, for the future, that can't be mentioned here. Some I like, some not as much, but all are interesting and different. None of the ones I can't mention really relate to GM, VCShares or NES directly.
What did I learn? A few tidbits and updates really.
Neverending Stori
As you know, the NeverendingStori has faced a plague of troubles. However, now with a local IT guy in place, it looks like it's about to get operational again.
The NES account that is traded has grown quite sizeable since its inception, and the concept is working fine so far.
One problem during the downtime has been the script automatically doling out incorrect payments to people. This was why we were getting reports of people being sporadically paid (incorrect amounts, both lesser and larger.)
Depending on how the program goes, there may be a daily withdrawal limit placed. One number thrown around was $20 a day. Gordon was only speculating, and hasn't decided, but even $20 a day at worst case scenario is still bloody good off $100 I think!
Let's see how it goes.
Global Mutual
He has also started paying out GMI members again. (I can confirm this!)
GMI VC Shares
After this, the focus will be on GMVCShares members - finally, I hear many of you saying.
The plan still stands to make GMVCShares the main focus of members, and amalgamate accounts. He is undecided to what extent - but we may even see eXtreme accounts ported over to GMVCShares.
I personally think this would eliminate a lot of the clutter, and confusion people feel.
Many of you might be thinking right now - but VCShares are worthless!
Not so, Gordon feels. He understands that as of now many of you are stressed and think they are just numbers on a screen.
However, in his words, 'once the big payouts come the VC Shares will fly!'
Consolidating most if not all of the program into a 'flying' VC Shares becomes a much more tasty prospect. I don't expect miracles or anything, but I hold out (quite reasonable) hope that my VCShares are going to be a killer little opportunity in the coming year or more.
One problem Gordon addressed - in relation to unsatisfied investors - is that (paraphrasing) 'what they have to understand is that it's a high risk investment.'
That may be so, and the terms have always been liquid as per the Terms and Conditions you agree to when you sign up at the site, but unfortunately, by providing plans that superficially have a fixed interest, people are going to get into an uproar, believing GM is not living up to its end of the bargain.
Fine print in the User Agreement versus easily-read weekly percentages: I know which one is going to win out in the eyes of many a consumer.
That's why I look forward to VC Shares kicking off and hopefully killing confusion as well - by not 'promising' some fixed interest rate (which is not so much fixed if you read the fine print) and doling out dividends based on performance, I think there'll be a lot less complaints, confusion and attacks.
And if it does fly - I think there'll be a lot more happy GMers as well.
So don't give up hope guys and gals, this old bird is always catching a gust of wind, and continues to soar (despite the dives.) At least, as far as we can tell, for all intents and purposes - it's a REAL HYIP! :)
I spoke to Gordon yesterday via phone for a general chat. He's got a lot of things on his mind at the moment, and had just arrived at work when I called him.
There were a few ideas brought up, for the future, that can't be mentioned here. Some I like, some not as much, but all are interesting and different. None of the ones I can't mention really relate to GM, VCShares or NES directly.
What did I learn? A few tidbits and updates really.
Neverending Stori
As you know, the NeverendingStori has faced a plague of troubles. However, now with a local IT guy in place, it looks like it's about to get operational again.
The NES account that is traded has grown quite sizeable since its inception, and the concept is working fine so far.
One problem during the downtime has been the script automatically doling out incorrect payments to people. This was why we were getting reports of people being sporadically paid (incorrect amounts, both lesser and larger.)
Depending on how the program goes, there may be a daily withdrawal limit placed. One number thrown around was $20 a day. Gordon was only speculating, and hasn't decided, but even $20 a day at worst case scenario is still bloody good off $100 I think!
Let's see how it goes.
Global Mutual
He has also started paying out GMI members again. (I can confirm this!)
GMI VC Shares
After this, the focus will be on GMVCShares members - finally, I hear many of you saying.
The plan still stands to make GMVCShares the main focus of members, and amalgamate accounts. He is undecided to what extent - but we may even see eXtreme accounts ported over to GMVCShares.
I personally think this would eliminate a lot of the clutter, and confusion people feel.
Many of you might be thinking right now - but VCShares are worthless!
Not so, Gordon feels. He understands that as of now many of you are stressed and think they are just numbers on a screen.
However, in his words, 'once the big payouts come the VC Shares will fly!'
Consolidating most if not all of the program into a 'flying' VC Shares becomes a much more tasty prospect. I don't expect miracles or anything, but I hold out (quite reasonable) hope that my VCShares are going to be a killer little opportunity in the coming year or more.
One problem Gordon addressed - in relation to unsatisfied investors - is that (paraphrasing) 'what they have to understand is that it's a high risk investment.'
That may be so, and the terms have always been liquid as per the Terms and Conditions you agree to when you sign up at the site, but unfortunately, by providing plans that superficially have a fixed interest, people are going to get into an uproar, believing GM is not living up to its end of the bargain.
Fine print in the User Agreement versus easily-read weekly percentages: I know which one is going to win out in the eyes of many a consumer.
That's why I look forward to VC Shares kicking off and hopefully killing confusion as well - by not 'promising' some fixed interest rate (which is not so much fixed if you read the fine print) and doling out dividends based on performance, I think there'll be a lot less complaints, confusion and attacks.
And if it does fly - I think there'll be a lot more happy GMers as well.
So don't give up hope guys and gals, this old bird is always catching a gust of wind, and continues to soar (despite the dives.) At least, as far as we can tell, for all intents and purposes - it's a REAL HYIP! :)
posted by chancer at 2:32 PM
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