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    May 1st 2006

    received this mail, effectively ending a classic though low paying, but solid.

    Dear Members,

    It’s been a hard month. We’ve encountered various problems, not least of which: one of the MWA co-founders has left. This has left MWA in the uncomfortable situation where things are just not moving forward like they should. After long discussions, we have decided to close MWA for good. Now before you panic, check you e-gold account, almost everyone has been refunded their initial deposit(s) (if you haven’t received payment see the note further below).

    In addition, we have taken the remaining available funds in the MWA portfolio and split that evenly between all members (calculated against your deposit size) and added this to the refunded amount. In this way, no member has made a loss, everyone should have at least a small profit (unless you deposited in the last cycle, then you will only receive a refund).

    *IMPORTANT: Three e-gold accounts we tried to pay were blocked, if you have not received your payment please reply to this email right away with subject line “Payment Not Received” and in the body include the e-gold number to pay to, your previous e-gold number, the email address registered with MWA, and your date of birth (so we can verify your details).

    *Note: There are a few more accounts we need to pay, please contact us if you haven’t received payment yet. We are working to have all payments paid ASAP. 90%+ are paid.

    Due to some significant investment losses this month and last, the percentage profit made by all is not as high as we’d hoped. We do, however, still have a couple investments tied up on which we are waiting. These investments are from the higher risk spectrum of the MWA portfolio. If or when these payments are received we will split the profit, again, evenly among members and you will receive another e-gold payment.

    It has been a great experience for all of us, but we hope you understand that continuing MWA at this point would lead to much greater complications.

    Sincerely,
    Mutual Wealth Alliance

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