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An Email Interview with Christian Te, InfinityShares. Some questions are further reinforced in with Christian on my IM (MSN in this case) and him answering real time.

Tell me more about yourself?

Well, first off, my name is Timothy Christian Te, I usually leave out the Timothy name when going online because of well, Im used to people call me Chris or Christian. Im 26 years old (as of December 27, 2006) I was born and raised in the Philippines, and living in Davao City, Philippines. Im a student, currently getting some advance classes for extra credit. I am the co-founder of the program, as well as the main trader for a few months now.

Are you involved with any other programs before? List them if you have.

Me? Nope

Is there a team involved with InfinityShares? Who are they and what do they do? Briefly introduce them as well

Steven – Main Admin, Program Owner, Co-trader

Robert – Programmer, in charge of tech issues

Stijn – Support Staff, Forum Moderator

Can potential investors or the current members visit you if they have any queries about InfinityShares?

Sure.

How can they do that?

Well, if they’re in the area (Davao, Philippines) they can submit a support ticket asking for my phone number, and we can arrange a meeting if scheduling permits. I think the same applies for Steven for people in Belgium.

Why did you start InfinityShares?

InfinityShares is the “baby” of Steven. He’s pretty passionate about the program and frankly, its rubbing off on me and a lot of members as well. The program was started because we simply got tired of getting our money scammed from us, and also it’s a pretty good money making opportunity. We wanted a place where we could pool our money, and earn without worrying that the money will be gone when we wake up in the morning. Of course we knew the risks involved with forex, and decided that the risks were acceptable because of the certainty that the money was actually being traded and not just passed around to different people.

When did InfinityShares start?

Start is a very vague word. Steven told me about his idea about July or August of 2005. At that time it was just a couple of scribbled notes with some pretty nice ideas. It took a couple of months for us to write everything down and setup actual plans, but in December 2005, we started looking for people to pre-invest to help facilitate the construction of the script and to cover misc costs like hosting and others. We opened the program around May 2006 when the script was completed and trading started.

You have a very unique share system. Could you explain how it works?

The Share System. First you purchase shares from the Admin or from the share market. Once your share is “active” it will begin to earn (or lose) depending on the trading performance of the week. Let me put in an example

Share Price: $4.52
Performance: 3%

So, for every share you have, you would receive $0.13 (3%) as dividends. It’s not that cut-out tho. Because we usually take a few cents from the dividend to raise the share price.

Extended example. You have 10 Shares of $4.52, the result comes out at 3% for the week. Your 10 shares would earn you $1.30. It would be divided up like this. $0.30 would be used to increase share price, so you would be left with 10 shares valued at $4.55 each (from 4.52, and the next week’s percentage earning would be based on the new share price, so basically, the higher the share price, the more dividends people would get) and then the remaining $1 would be split, 10% to your sponsor, and 90% to you, so $0.10 would go to your sponsor and $0.90 would be available to you for withdrawals or purchasing of new shares.
It sounds… complicated, but everything will be done for the members, and the computations will be shown on our weekly update email with the dividends. What the member just has to do is buy shares, and check his/her account weekly to see what has happened.

“Instant Buy” shares from the admin would mean buying the share directly from the admin with a fee of 3% added on top of the current share price. Since members would be bringing in “new” money, this money still has to be converted from e-gold to real cash to be put into the live trading account.

“Share Market” Since the shares being purchased come from another member, this means that the money value of the share is already in the trading account and that the money is only being passed from one member so no fees on top of this, but the price would be determined by how much the buyer is willing to pay the seller for their shares.

Do you engage a third party to design and manage your script?

Yep. The script is 100% built from ground up.

I understand the script is being built up from scratch, but that doesn’t mean that it will not be scrutinised by hackers. Is there a regular backup of data? If yes, how regularly?

We backup the database every time we approve transactions (Share approvals, withdrawals). So if anything should go wrong, the data should reflect the last viable “Snapshot” of the script.

Withdrawals are processed daily?

Its very rare that we see a withdrawal Monday-Friday, but it happens, and we process them when we see them.

Is there any additional steps taken to secure members fund?

Nothing that seems necessary at this point, since funds are moved out of the e-gold account to another account not in any way linked with the script. This other e-gold account is the one used to transact to-from the bank account and is not visible to any other person, just to be safe.

What Support Options do you offer your members?

We have contact forms on our site, and our support forums.

Is there any plans to close your program or go private for new investors at anytime?

Not at this moment, but we do plan to stop new funds from being deposited once we reach a certain amount since our broker has a limit on the amount we can trade without actually presenting incorporation documents and proof of source of funds. We cant really tell them “Oh we got the funds from a bunch of strangers off the internet”

What’s the amount we’re looking at?

We would probably stop accepting new members after we have around $250,000 in the account, it may be earlier, but it’s really to early to know.

Do you provide your members with regular updates as to what is going on with InfinityShares?

At least once a week when we announce results, and when we have other news to give to our members (like todays currency change up)

Do you currently run any other sites/ programs?

Nope

Are you a member of the CFTC or NFA?

Nope

Are track records available to investors?

Since our trading account is directly linked with one of the owner’s bank account, it wouldn’t be prudent to show everyone our account statements. But we do allow periodic checking of the account by individuals if and when there is ample time.

Which broker are you using for forex trading? Do they accept E-gold? If they don’t, isn’t there suppose to be a fee involved when it comes to in and outexchanging of funds? How are you dealing with those issues (if any)?

You can see which broker we’re using from the screenshots, and from trading account access. But we prefer no to let every member know which broker it is. Also, they do not accept e-gold, and the fees are covered in the instant buy section of this document.

Is it possible to allow me to look into your forex trading account with view permission?

I can give you remote access to my pc, and connect to the trading account from there. We cant risk our platform key to be floating on the internet.

Does the trader have any sort of trading system to ensure the returns or at least with the risk minimized? If yes, describe in details

We’d like to think that we’re that good, but we can not guarantee very good results all the time. We do guarantee that losses will be kept at a minimum, as no position remains open without myself or Steven watching the position. We make very conservative trades, take conservative earnings, and cut our losses immediately, no “hoping” that a position will turn itself around. We don’t trade when we feel that the market conditions arent stable. We don’t trade just for the sake of trading. We could very well not trade for a whole week if nothing concrete presents itself.

Is there a Reserved fund established?

We’re slowly building up a reserve, but it’s no where near the amount we would like it to be. Our goal for a reserve would be 25% of the total account size, which would very well cover any drawdown that might occur. Take note tho that the current reserves are no where near that amount.

Would you like to add anything else?

We don’t boast of a 15-year track record, or a no-loss system, or a very impressive list of trades. We’re just a couple of traders that trade conservatively and don’t take unnecessary risks with members’ money.

What do you think of our blog?

It’s pretty informative, and doesnt mince words (which is great IMO)

Thank you for your time.

You can always sign up with them and check out their structure. I’ll be following up with some mini audits and review. Stay tune.

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