CIM August Report

Well here's CIM's report for August.

I don't agree with his lack of confidence/understanding on the FX E situation.

CIM however continues to be a great opportunity, especially for the little guy.

"Monthly Report for August

I am pleased to report that the month of August was very much in line with the club’s performance during the past six months since we went public. The ending MPU value of $6.811 showed an appreciation rate of 8.21% over the previous month of July. This is better than July’s rate and, actually the second best month in our six months’ public existence. It is very nice to see this kind of consistency and I can only hope that we are able to maintain this growth in the face of turbulent signs in the future. I’m especially happy about our achievement in August in the face of problems encountered with three programs in our portfolio.

Many of you are most likely aware that Epaybet.com, FX-Experts and FXIG are encountering serious difficulties in their operations. Epaybet in fact has decided to throw in the towel and announced in August that it was discontinuing operations. The admin has assured investors that all monies will be refunded together with profits as of the date it ceased trading. The refunds will start being paid out from late August and will take about two months to complete. Some investors have confirmed having received full refunds on their investments but we have yet to see a refund on ours. I anticipate receiving something from late September onwards.

FXIG, through FeederFund, has also reported having difficulties in their trading activities and won’t be paying dividends for some time in the future. It is my opinion that we should not be alarmed by this since, being in FeederFund’s portofolio, I have much confidence that FXIG will eventually emerge from their difficulties and continue providing good profits in the future. As investors in high yield ventures we should all know that it is not always a bright day in this field of business.

Of more concern to me is FX-Experts. Although the admin has given assurances that refunds will be sent out to investors it becomes a question of how much of our original investment would be returned to us. This is where our reserve balance will come into play and hopefully be able to absorb any losses incurred.

On the positive side, all the other portfolio components seem to be chugging along nicely. In August we added two very promising new programs, Ibiza Traders and Silver Gate Forex Hedge Fund. We won’t be seeing the results from these till end September and I am confident they will both make up for the shortfall from the closed programs.

Thank you all,

Admin"

Make sure you check them out if you haven't already.