nobsMailing List
Sign up for our free monthly e-newsletter.
nobsNetwork
Nobs Network Forum Nobs Invest - Nobs Investment Community Nobs Forex Blog Forex for Beginner
nobsPopular Entries
Nov 27th 2006
12by12Daily Enables 3rd Upgrade
Tags: No Tags.It’s weird that Dave is doing so much lately.
Hi everybody,
A quick follow up to yesterdays post. Many members have emailed me, and posted in the forum, that they think they should have the opportunity of purchasing a third upgrade package instead of the current two, in light of the fact that their payouts may be delayed by a day or so. We think this is an excellent idea, have done the maths, and we have now enabled this facility.Happy surfing
David
Popularity: 4% [?]
I would appreciate this change. But as there are so many changes right now concerning the cashflow I am a bit worried.
My last upgrade will expire on 11/30 and I am not going to update the next weeks
hm, I wonder who are the members who think they should have the opportunity of purchasing a third upgrade package instead of the current two ?
Hope everything will be fine.
I’m suppose to have one that should have been paid today, but since the annoucement, we’ll just wait for another 24 – 48 hours.
More purchase means more inflow of $$$, I would think that it is a flag indeed….
And of course now This:
FIRST ISSUE – NEW PAYOUT RULES
About a week or so ago I announced that we would now allow upgrades up to a maximum of $12,000. Supporters of 12by12daily saw this as a positive step,however a few detractors decided this meant that 12by12daily had a cashflow problem. By airing their views in public, they have done untold damage to 12by12daily, and whilst we did not have a cashflow problem at that time, things are getting a bit tight now. Up until now, I have resisted the advice of my team to introduce a 50/50 rule, as I believed there were enough supporters of the program to ensure that was not necessary. Unfortunately this was not the case, and we have a situation whereby members with large investments can make a $6 upgrade then take their money and run. This can no longer continue. As of now, if you wish to cashout you must have a member level equal to 50% of your cashout amount. I realise this is very short notice and some members may find it difficult, so I will bend the new rules slightly for som!
e members. If your upgrade expired on or before 24th November, and you do not qualify under the new rules, I will pay half of your cashout amount, and apply the other half to your account as a new free upgrade. These free upgrades will then need to be matched 100% in order to cash them out. (I will delay making payouts to those members for another 24 hours, in case they wish to upgrade, and therefore only need to match 50%) Upgrades expiring on the 25th or later will need to qualify under the new rules. I do apologise for any inconvenience caused to members by this sudden change, however, if we were to continue the way we were, the “hit and runners” would eventually destroy this opportunity. If you always upgrade with the same amount, or are using the 3x3x3 methond, these changes will not affect you. Whilst they may be unconfortable for some members, these rules will help 12by12daily to prosper for many months ahead, and in fact there is no good reason why it cannot las!
t forever.
Payouts will recommence as soon as I have sent this email, and the new rules should ensure that they gradually become earlier and earlier, back to where we were, instead of the current trend of later and later. members with 2 pendings who have reverted to free will not need to email me, as I will be adding the free members to the payout list, and I will be able to pick you up without the need for an email.
For those members who delight in posting negative things in the forums, remember, this is your program. We got through a period of negative forum posts in the beginning, when we had some problems, and we will get through this, and as before, come out even stronger on the other side. I would remind those members that they agreed to the following paragraph when they joined, and will have their accounts suspended or deleted if they continue.
Thanks for the update Ross.