HotSpot: NSFG allows the withdrawals

by HYWD   [Your Program In Focus]

Accordingly to the update posted here NSFG will apply the 70% loss to the account and allow the investors withdraw what is left or part of it.

This action is probably a result of the warm online discussions in which most members did not justified the freezing of the funds. (And I pretty much agree, locking the accounts would be not different than what any ponzi scam would do).

If you are willing to participate in a discussion if you will stay or withdraw, there is a good one here.

The hopes of Ken and Paul (or at least what they say to the public) are than in several months the accounts will get back to 100%. And looking at the first update when the locking was announced (you can remind yourself about it and see good comments here), it seems that they believe this can happen in 3 months (?!).

This would mean 50% monthly profit compounded for the next 3 months. Let's get real, this won't happen. They were struggling for 5% monthly and now suddenly they expect to make 50%?!

With the much more realistic rate of 5% monthly they will need 2 years to get back to 100%. Let's accept everything they say us is true and they are really recovering and have strategy for that. What is your prognosis - how much time you think it will take to get back the accounts at 100%?






Published at Oct, 30 '06 , Read 4575 times.

If you liked this article subscribe to the Free HYWD Newsletter

   

User comments:

nobshyip at Nov, 01 '06 03:36
I'm not gonna give them any chance to fool around with the money. I'd rather do it myself. Your views Tony?
Reply to this comment

clifton at Nov, 01 '06 05:18
I am kind of hesitating, just because 30% is too little to care about it. I think I can wait 1 or 2 months to see how the recovery plan goes on and unless there is some wonder happening will withdraw. If they are honestly trying to recover, I think they'll need not less than an year to get back to the initial amounts. And even this sounds too optimistic
Reply to this comment

nobshyip at Nov, 01 '06 07:39
The correct amount is not stated as yet, we'll just have to wait. I'm taking it out most probably. Unless they've found the holy grail to trading which allows them to bring up the account within 3 - 5 months, else the money could be use elsewhere for my business or other programs, it'll grow faster that way. Honestly.
Reply to this comment

Now get syndicated content on all recently published or updated articles!

Or add to your favourite RSS readers: