Thread: A Humble Request (Merged)

Well if we are going to go back in time..... Personally, I think we should get back to the point of when PicPay came into being which I am thinking was April 2004...

So now my questions to add to this timeline are this....

1. When did the money become missing in e-Gold?

2. When did PicPay officially come online?


4D

mia,

In regards to the 3% program mentioned in Vegas....I remember what was said just as you do.

PB

Time to send out a search party for certain persons with a better memory and records than I...............

BTW lets not forget that every time a unit expired that money became part of Pips capital, so was effectively diluting the %age margin needed to generate our 2% returns. If the programme had ever been vulnerable it would have been towards the end of the first six months and that point passed without a wobble as I recall.

In addition has anyone built in any extra margin for leveraging the trades?

On the face of it the companies capital was outstripping the liabilities every day which is why I could never understand why there were so many people claiming that it was unsustainable.

Sorry if I have laboured a point here that may have been made before,

Just a tanners worth,

Michael

Originally Posted by ArcturusI

January, the right side of the ledger was $2.4B or something like that.

Hey All

Fund History... oh yeah that was FUN history wasnt it....


"What does Loan Fund History Mean?


What do we think this means? Well not a lot IMO, so let’s go back to basics and see where this number and others on our "Loan Fund History" page come from. I am only going to look at the following figures to try to demonstrate what I would like to get across (you need to refer to your "Loan Fund History" page):
1. Loan
2. Growth
3. Current Unit Value
4. Total Value
In addition I will also refer to the "Loan Fund Performance" figures on the same page as well.

My last printout (today, for 23 March 2005) shows:
1. Loan........................=$1,151,893,820.00
2. Growth.....................=$19.00
3. Current Unit Value…=$44.00
4. Total Value...............=$2,027,333,123.20


…and "Loan Fund Performance" figures since Nov 2004 are:
1. Nov =$10.45
2. Dec =$9.975
1. Jan =$9.975
2. Feb =$9.975 (currently this shows -9.975, but read $ for the - sign)

2. Growth...................=$19.00
Ok, let’s look at the "Growth" figure for the moment. Going back to basics, growth is simply $0.475/unit/trading day. So until recently (actually a while back) the "Growth" figure was reported on this web page as increasing by $0.475 per unit, each trading day. So we can tell that the in Nov 2004, there were 22 trading days (22x$0.475=$10.45) and in the case of Dec 2004, Jan 2005 and Feb 2005 there were 21 trading days (21x$0.475=$9.975).

So going back to the current "Growth" figure of today, I believe that this is incorrect and should read $8.075 i.e. 17 trading days up and including 23rd March.

3. Current Unit Value...=$44.00
So how do we calculate the "Current Unit Value"? The cost of a unit is $25 and the programming takes this as on the 1st of the month. So the "Current Unit Value" is simply = $25 + "Growth" figure. Using the growth figure on the website of $19.00, makes the Current Unit Value=$25.00+$19.00=$44.00

I believe the "Current Unit Value" to the 23 March is actually= $25.00+ $8.075=$33.075. Ok, let’s now go back to the "Loan" figure....

1. Loan......................=$1,151,893,820.00
This is the important figure IMO, why? Simply because it is an accurate (or at least the most accurate one we have I believe) representation of all the funds loaned by us pipsters to PIPS. Now at one point this was divisible by $25...the cost of a unit...this is not the case with the above figure currently. But let’s not split hairs on this, the main point is this figure above is the amount that pipsters have loaned PIPS, without any factors etc being applied. Also just a quick note that this figure (Loan figure) is recorded as representing only 40% of the funds that PIPS holds. The other 60% is company funds...I will come back to this a little later on. Now on to the "Total Value"...

4. Total Value..............=$2,027,333,123.20
This figure is simply calculated as follows:
Total Value = Loan x Current Unit Value/$25
...................= $1,151,893,820.00 x $44/$25
...................= $2,027,333,123

I believe the *actual* Total Value as of the 23 March 2005 is more like:
Actual Total Value= $1,151,893,820.00 x $33.075/$25
.............................= $1,523,955,524

Even so, what does this figure represent? Well not a lot IMO. As at the end of the old month/beginning of the new month the Total Value "zero's" or a better description is that is initializes itself back *down* to the more *pure* "Loan" figure.

Ok, I can hear some of you say but why is the "Total Value" reset to that of the "Loan" figure at the end of the old month/beginning of the new month? My understanding of the reason why this occurs is that is has to do with expiring units. This is all reconciled by Admin *once* (on this web page) at the end of each old month/beginning of each new month. Can you imagine the work (if it is done manually?) required to do this daily! The reconciliation is done and then the Total Value is reset down to that of the "Loan" figure and this happens each month at the end of the old month/beginning of the new month.

THIS IS WHY I SAY THE LOAN FIGURE IS BEST TO QUOTE AS IT IS NOT RESET/FACTORED ON A MONTHLY BASIS.

Getting back to the point of the “loan” value and it being reported as equating to 40% of the funds (pipsters) in PIPS and the remaining 60% being company funds, I guess this means currently the amount of funds in PIPS is simply:
Amount of funds in PIPS
=$1,151,893,820.00 (40%) + $1,151,893,820.00 x 1.5 (60%)
=$2.9B…yep, $2.9 Billion!!

Lastly, how the above figure of $2.9 Billion and the “Net Worth” of the PIPS and all its operating companies equates few will know, but I think it is safe to say that this “Net Worth” is very likely to exceed “$2.9 Billion”! "

I'm surprised I got through all of that and actually/sorta understood it! I think I'm getting a headache though!

I have been keeping up with this thread ever since ArturusI first posted it.
This is my first post in this thread, but not my last.
I joined PIPS in January 2005 & brought five friends along for the ride.
All of us re-loaned at !00% with intentions of making 1st Wd after 1 year.
We knew the RISK associated with the program, but had tracked it for 6 months
& were willing to get on board.
Like all of you, we hope all will be well when the BNM dust cloud settles.

To help some of the readers appreciate what PIPS represents and the ends to which others will go to see that it fail, I am including the link below.

Tuesday, November 9th, 2004
Confessions of an Economic Hit Man: How the U.S. Uses Globalization to Cheat Poor Countries Out of Trillions

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--------------------------------------------------------------------------------
We speak with John Perkins, a former respected member of the international banking community. In his book Confessions of an Economic Hit Man he describes how as a highly paid professional, he helped the U.S. cheat poor countries around the globe out of trillions of dollars by lending them more money than they could possibly repay and then take over their economies. [includes rush transcript]

If Bryan wasn't trying to free the masses, he would not have been targeted.

Keep one thing in mind, Money-hungry people sell their souls everyday!
ENJOY - http://www.democracynow.org/article..../11/09/1526251
A Longer Interview - http://www.democracynow.org/article..../11/09/1526251

Just a reflection…

I’ve read all the posts in this thread and with a SPECIAL INTEREST…the posts of the Pioneers like Mia and other honourable beings IMHO…

What I get is a feeling that this is TOO MUCH…from the very beginning to the present time this guy …Bryan Marsden… has put a VISION there to follow for everyone who sees this VISION…He is utilizing his cleverness, and his dedication to get this to a DONE…
NO MATTER WHAT….EVEN NOW whit his restricted area of living…

That’s admirable to say the least…

BUT……………………

…If Someone would have that kind of BAD LUCK in all critical situations as mentioned regarding the old programs BEFORE PIPS and having this BAD LUCK continuing up to present time…INCLUDING all the problems with the launching of HALOTTO…

THIS would be the best thriller ever written…

THEREFORE…I suspect that ALL THE TROUBLE is CAUSED somehow…

SOMEONE or SOMEONE’S is not happy if BM is succeeding in his endeavour in life…

I SUSPECT…this is PERSONAL…due to the fact that similar programs are NOT attacked with such ferocity…

Way back BEFORE pips was born SOMETHING HAPPENED to trigger this sort of VENDETTA…IMHO

There are indicators that point in this direction…such as the HATRED manufactured in TG Forum, Owen Platt, FORMER STAFF….TROLLS entering the forums to create turmoil…
Getting the NOW disaffected members to point to BM as the villain of all times…

IN SHORT…there is TOO MUCH of “Bad Luck” to be ignored as just “Bad Luck”…

Just a Thought

Largo

Yes it is a puzzle why it failed and hopefully we will know the outcome soon. BM has a passion to help others. I doubt that has changed.

On a side note....my health is still good and I am cancer free after 2 1/2 years! Thank you.

Barbarajean
BJ

Although I don't have time to read and digest the whole thread as I am in the process of catching up with my works, I do believe things are not as it seems on the surface, but anyway, no matter what the result will be, this experience has been well worth it already.