Global Online Depository Falls Into Line (In A Good Way!)

Global Online Depository stays on my HYIP list rather than my ‘Online Investment’ Opportunity list -> However, it may be soon working it’s way up.

It is gaining a lot of buzz and I’ve seen some relatively massive mover and shakers, who usually don’t bother with this arena, signing up and getting on board.

The reason it may soon be moving up my list, for me personally, is because I am once again going to follow up on them in person (and am fact communicating with a few people who can go do some personal visits for me.)

But in the meantime, one thing that irked me if they ARE real is the comparatively high interest rates and the long running promotions to gain initial investors.

Looks like the yard sale is about to end and the rates are about to fall into a much more ‘realistic’ category with the end of the promotion. Which I think is a bloody good thing, and bodes well for upcoming further research into their validity.

Anyway, here’s the word straight from the horses mouth:

“AT 12 NOON, MONDAY - OCTOBER 16TH, 2006 HKT
Global Online Depository’s Loan Program Is Changing
What Will Stay the Same

* Referral Program. Global’s 4-level referral program will continue to pay referral fees according to the current fee schedule.
* Existing Loans. All existing loans will continue at their current interest rates to the end of each loan’s 365-day term, unless you request active loans to be consolidated. After the deadline, consolidateion will close existing loans and create a new loan under the new loan program
* Compounding Option. Members will continue to have the option of setting the compounding percentage for each active loan at any integral value between 0 and 100 percent. The compounding option will also be extended to the new loan types.
* Hold Periods. Withdrawal and transfer of interest payments and referral bonuses are still subject to 90-day and 30-day hold periods respectively.

What Will Change

* 25% Add-on Bonus. This bonus will be discontinued.
* Current Loan Programs. All current loan programs will be closed. No new loans will be activated under current loan types and rates.
* New Loan Program. A new series of loan brackets and rates will go into effect after the deadline. All new loans activated after the deadline and grace period described below will be of the new type and at the new rates.

New Loan Program
YOU LOAN - WE PAY
Name Minimum Maximum Rate
President $500.00 $4,999.99 0.125% - one eighth of a percent
Diamond $5,000.00 $9,999.99 0.250% - one quarter of a percent
Platinum $10,000.00 none 0.500% - one half of a percent
Deadline

* 12 Noon, Monday - October 16, 2006 HKT. Precisely at this time, all current loan programs will no longer be available for new loans. In order to lock in existing rates, a pending deposit record must be submitted from your account prior to the deadline. A pending deposit is generated by completing the 2-page “Initate a Loan” form.
* Future Intentions. You may not submit a pending deposit record with the hope of receiving sufficient funds prior to the end of the grace period defined below. All payments for pending deposits submitted prior to the deadline must also be sent prior to the deadline or they will not qualify for the current loan programs and rates.
* Add-on Bonuses. All add-on bonuses will also be discontinued after the deadline is reached.
* Rollovers. After the deadline, all rollovers will be activated according the the new loan program and at the new rates. No add-on bonuses will apply even for loan activations under the old loan program during the grace period for receiving funds at Global’s office.
* Account Consolidations. After the deadline, combining smaller loans into a single new loan may not be advantageous to existing members who have active loans under the old program. New loans resulting from account consolidation will be under the new loan program and rates. Be certain you understand this before requesting consolidation of your loans after the deadline.

Grace Period

* 12 Noon, Monday - October 31st, 2006. Payments for all pending deposits must reach Global’s office no later than this time. The sole purpose of this grace period is to allow sufficient transit time for payments enroute to Global’s office, which were sent before the deadline defined above. Payments sent after the deadline do not qualify for the closed loan programs and rates.
* Automatic Down-grade. Payments which reach Global’s office past the end of this grace period for receiving funds wiil be activated under the new loan program at the lower rates. If it is apparent that your funds were sent after the deadline, your payment will be applied to the new loan program even though you completed a pending deposit record prior to the deadline.

To Make It Absolutely Clear: In order to qualify for a new loan at the present rates make sure to have all pending loans in the system by the deadline. You do this by clicking “Initiate a Loan” and completing the 2-page form. You must also send your funds by the deadline. The grace period is solely for the purpose of allowing reasonable transit time for payments you have already sent prior to the deadline to reach Global’s office. Payments sent after the deadline will qualify only for the new loans at the lower rates. ”

So guys and gals, there you go. If you do want in, now would be the time to get on the bandwagon, at least initially.

There’s lots of interesting stuff about Global Online Depository floating around right now, lots of comminques from people who’ve visited their warehouses and been astounded by the enormity. Things are heating up, can’t wait to see how any future research should do.