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Andy updates via xlo-tft’s forum,
I have taken the decision to put XLO into holiday mode for the remainder of the month of January 2007.
This decision is not taken lightly - but is a neccessary one to ensure the long term viability of XLO and also TFT.
As you would probably be aware - the closure of TFT has been a major issue and I am working to find solutions for that.
XLO is the other program we have - and this is completely separate from TFT. However both programs are my responsibility and to be fair to everyone the pressures right now mean that I am not devoting the best that you deserve to either.
The time off from XLO will give me the much needed time to focus solely on TFT and find solutions.
I will- of course - be in the forum daily- you can be sure that we are not going anywhere.
I am certain that this announcement will cause a wave of concern - but there is - in all reality- no cause for panic or worry.
I need a little time to refocus and move forwward.
I thank you all for your support over the last 12 months and look forward to the future.
Andy
Uh… hmm, why do I get the same feeling that this is not gonna pull through? And here’s an earlier update from Andy if anyone missed it,
The is the update as of Jan 1 .
The announcement of changes to TFT - along with plans for the future - has led t a general out pouring - some of it information- some of it grief and anger. I do understand the whole range of emotions - and I have left everything as open as possible so that you can have full access to vent.
The plan that I had been looking at was extremely high risk - as many of you were only to happy to tell me. I agree - and I will also say that to recoup looses - or to attempt that - requires a high paying and high risk approach. It would appear that many are not happy with that.
A flood of emails and info ensued and I have been exploring various options. Some look very stable and attractive - but the bottom line is - without the huge risk that many are unwilling to take - there is no way that I can recoup and ensure payout for everyone. The plans are attractive - but - that will mean that the TFT program closes as of last week, and I will move forward with a completely new arrangement. No refunds - it is what it is.
Is that the update you wanted? I am sure it is not. However - having not given you the runaround thus far - it is not time to start now.
Assuming the above approach is adopted - there is going to be huge anger and a sense of betrayal. It is also quite possible that whatever I propose will be met with derision and scorn. If that is the case then - it would not be wise for me to even try to continue anything other than XLO.
All of the programs I am being offered require a minimum entry point - to meet that entry point more funds need to be collected. More research needs to be done (some offices are closed until Wednesday)
I also must emphasise that my initial update on TFT proposed a course of action that was huge in risk - but would have payoffs. That option is still available - but I am loathe to pursue it given the out and out reisitance.
Refunds are not an option - the risk was high - and this was made clear when you entered. I do not want to fall back on the old standby of “dont invest more than you can afford to lose” - such advice only rubs salt into the wound. I would simply say - it was high risk and the losses occurred such that the program can not continue.
This is as open an honest update as you can get. Right now NO decisons have been made - but the above outlines what I have in front of me.
In summary the options are:
Pursue an extremely high risk and unpopular venture - with no assurance of payout. IF however it succeeds then there will be all losses recouped.
Close TFT - and offer a new program. No refunds
Close TFT . No other program offered.
In all cases XLO continues …
Right now I have more research to do on some programs I have been offered… I have to await the opening of offices and people to be back at work before I can finalise that.
Sigh.
Popularity: 2% [?]
I doubt we will see these programs back. XLO had a great run… TFT was a bit shorter than most of us expected, but that’s that.
SCAM!
THATS IT!PONZI FINALY STARTING EATING ITS OWN LEGS!
TFT WAS SCAM FROM THE BEGINING.
Thanks, cry scam after the least amount of trouble. I would feel that if after 3 months it cried poor, but it is just not so. He has real money going into real avenues of making money, and lastly it is only 2% not 12×12. Give it time, and we will see. Even if he does close down, he has had a better run that most, and isn’t a scam. Thanks Andy, and hope to see you in better shape by February.
Chris
MMC, I’m standing on your side as well.
RollingStone, until Andy made no refunds and responses in February, you can cry scam then, until then it’s still far away to tell.
cshcrew33, you have any sort of proof that Andy has real
money in real avenues?
Blah Blah Blah! People still refuse to accept the reality. TFT is going to be SCAM! SOON!
“Until then it’s still far away to tell.”
We all know hos these things go.
XLO had great run.Folks already made lot of money of it.
But now this the end.