Outside Revenue Sources?????

[Otherguy]

I read this on the YM forums:

----------------------------------------------------------
I hope as you have seen the concerns you also have seen
some of the actions..

We now have a growing Auction Site open to members and non
http://www.ymauctions.com

Also a nice Golf Game .. happy to report many love this game
and it has begun to make commissions from those who wanted to
get more involved.

http://www.ymgolfonline.com

YMProducts
http://www.ymproducts.com Dan tells me response has been
tremedous

New Business/Ad Directory found on http://www.ymmss.org
this is huge addition
---------------------------------------------------------------

I have just visited these four sites and am left dumbfounded. There is, I am told, many more of these 'revenue sources' on the way.

[ComplexKid]

There's a fishing hut in Belize-- http://www.gooddiving.com -- you have to buy an EPC to go on holiday there, but I doubt there's enough of a turnover for profits from there to be put into YM proper.

[surfer]

The current "income streams" are a joke.

Just an attempt to distract members from the
reality of skyrocketing cycle times and a lack
of common business sense on Kim Inman's end
of the business.

All Kim did was sign up for a bunch of affiliate
programs and put up a bunch of banner ads.

Something that basic could have been done
from the beginning since it takes a whole
minute or two to sign up for each affiliate
program.

And then they supposedly spent weeks to launch
a simple auction site run on a php script that
many hosts include with your Cpanel. When it
was "launched", hardly any changes had been
made from the original out of box appearance.
A pretty sad effort if they had truly been working
on it for weeks.

Since YMMSS is probably still weeks or months
away from launching the "retail site", if it ever
launches, their only hope are Kim's mysterious
outside revenue sources.

Supposedly, the first such source went into the
kitty on Monday(5/16) for $300,000 which led to
their biggest one day "payout" in over 2 months,
$656,918.00

Of course, this didn't stop cycle times from rising
3 days over the weekend because YMMSS would
need about 60 streams of this size just to hold
the cycle times where they are now.

Members are being misled into believing that cycle
times are going to magically plummet if and when
they finally get past that magical Nov. 18 date.

Nobody seems to notice that in order for cycle
times to get down to 90 days by the end of this
year, YMMSS would have to "pay" well over
$400 million in the next 7+ months. Good
luck. :head:

[Dreamer]

2006 will be a wonderful year for ymmss.

If, by surfers numbers, if we just use a baseline of $400million at the end of 2005, in order for ymmss to keep up 90 days, that will have to double 4 times in the year. Thats 16x per year. Now, remember, ymmss will be here forever because they have been here for 3 years.

So:

2005: $400million
2006: $6.4billion (year 4)
2007: $102billion (year 5)
2008: $1.6trillion (year 6)

And, just out of boredom, remember its 60 - 90 days (if your that gulliable). So, 60 days will double 6 times a year or 64x a year.

2005: $400million (I dont wanna do the math for a 60 day cycle)
2006: $25billion (year 4)
2007: $1.6trillion (year 5)
2008: $104trillion (year 6)

Why are people falling for this?

[69mike]

man dreamer, i'm gonna be rich.....

let me get my money ready.....lol

thanks for the info.

YMMSS, is another program that is slow.

I haven't been paid yet....

i don't know if i will ever be.

Kim sounds like a good person.
He answered my questions and tiold me of future plans for YMMSS.
No other owner with the exception of Janet of Empowerism has ever done this.

I hope YMMSS is successful.
Kim's a good person.

Best luck to him.

69mike
btw this is my 11th post!
woooohoooo
does this make me a veteran?
am i catching up to sisco or ycchen? lol

[Arzel]

Mike,

Are you ok?

Just take a few deap breaths and say.

"YMMSS is a scam.......PIPS is a scam......Empowerism is a scam.....They are all scams.."

As with any addition the first step to a road of recovery is acceptance.

[Gringo]

Just an attempt to distract members from the reality of skyrocketing cycle times and a lack of common business sense on Kim Inman's end of the business

And the distraction seems to be working for now. All these outside income sources and an increase CT 5 days over a period of 5 days making the total at 210 days now. Not much reaction judging by the posts on the YMMSS forum to this inconsistancy. Mostly "it's all coming together now", and "Kim always delivers" type of comments. Could be that interest has dropped off to the point that most people don't care anymore, or that the facts haven't sunk in yet.

Anyway the next great false hope are the new servers, which will have zero affect on CT. Then it's the ever elusive retail site and more outside income sources...

[Salsa]

I agree that all of the "outside revenue" sites that you mentioned, Otherguy, are jokes. As cheap as they were to produce, I think they have little hope of getting out of the red--much less contributing.

As for last Monday's $300K, I'm not convinced that there really was $300K of outside revenue put directly into the commissions payable account as promised--and if there was, that's really bad news for YMMSS. The way their commission system works, $300K of fresh cash should have paid off $630K of commissions--if 30% of EPCs were paying cash and 70% were immature or mature and repurchasing. And actually, I think that percentage has typically been significantly lower than that--considering that not one $10 EPC purchased since Sept 2003 has yet matured to pay 320, and so many mature EPCs reportedly set to repurchase, etc. Without the "new" $300K, the daily payout for May has averaged about 100K, so Monday's three-day payout should have been nearly a $1M day!

(By the way, in the above case of cycling $300K to "pay" $630K in commissions, the system is set up for Kim to take out $110K for "administration"--25% of the real money each time a virtual commission is "paid." A sign of Kim's true benevolence is that he put that $300K of "outside revenue" directly into commissions payable. Normally, it would take $400K to get that effect because he would take his 25%--$100K--off the top. And by the time the remaining $300K cycled virtual commissions for the day, he would have another $110K. So out of the total $400K, members get $190K, and $210K goes to Belize. That's on the 30/70 calculations. Back in the good ol' 25/75 and 20/80 days--that's when he took some real money!)

If there really was a fresh $300K, the bad news for YMMSS is that it would most likely mean that some 85% of the commissions were taken as cash--which could require many members to be doing such drastic things as bailing with the "pay by website" option. Or, it's remotely possible that the block of commissions payable at the time happened to be mostly due to pay cash anyway. Or it's possible that the three day payout had really lousy sales just previous to it. Or maybe it was $150K that Kim planned to put in all along, and he simply called it $300K because he knew it would "pay" $300K as it kept recycling virtual money until it was used up paying real money--Kim taking out 25% out at each cycle, of course. None of those options is pretty, but which ever is the worst case or combination, that's probably your best bet at this time in YMMSS history.

And Mike, I wouldn't believe for a minute that Kim is a good man. What he's good at is putting together a scheme that let's him take more money from the system than the total membership combined--even if everybody did eventually get paid! And that's on the face of it--simply by doing exactly what he said he would do--convoluted and evasive as his words are. But what he is really good at is committing affinity fraud. He is really good.

You go, Gringo. I doubt that there ever were plans (much less a need) for new servers--much less the claimed multi-million dollar bank of them. The retail site is surely bogus, too. It's all talk in order to string people along for as long as possible.

All visiting YMMSS members: Arzel gives good advice.

Salsa

[surfer]

And the distraction seems to be working for now. All these outside income sources and an increase CT 5 days over a period of 5 days making the total at 210 days now. Not much reaction judging by the posts on the YMMSS forum to this inconsistancy. Mostly "it's all coming together now", and "Kim always delivers" type of comments. Could be that interest has dropped off to the point that most people don't care anymore, or that the facts haven't sunk in yet.

Anyway the next great false hope are the new servers, which will have zero affect on CT. Then it's the ever elusive retail site and more outside income sources...

Only a few dozen hardcore members seem to be
buying into it completely. The falling payout
numbers show this.

I do believe your comment about interest waning
to be accurate as well. Those who have been
"complaining" realize it falls on deaf ears and they
get the same tired excuses.

Supposedly, AT&T is just about finished with the
lines for the new servers and then testing needs
to be done.

Then we'll get to start hearing excuses about the
delays in the retail site launch. They certainly
don't have much to offer to large clients.

We'll also get to see how quickly they get the
much anticipated Cash Cards International (http://cashcards.net)
accounts set up. At last report, YMMSS was
going to set up an account for everyone. If
Kim sets himself up as an affiliate or an agent,
this will be yet another cash cow for Mr. Kim
Inman to make money from the members.

[surfer]

As for last Monday's $300K, I'm not convinced that there really was $300K of outside revenue put directly into the commissions payable account as promised--and if there was, that's really bad news for YMMSS. The way their commission system works, $300K of fresh cash should have paid off $630K of commissions--if 30% of EPCs were paying cash and 70% were immature or mature and repurchasing. And actually, I think that percentage has typically been significantly lower than that--considering that not one $10 EPC purchased since Sept 2003 has yet matured to pay 320, and so many mature EPCs reportedly set to repurchase, etc. Without the "new" $300K, the daily payout for May has averaged about 100K, so Monday's three-day payout should have been nearly a $1M day!

(By the way, in the above case of cycling $300K to "pay" $630K in commissions, the system is set up for Kim to take out $110K for "administration"--25% of the real money each time a virtual commission is "paid." A sign of Kim's true benevolence is that he put that $300K of "outside revenue" directly into commissions payable. Normally, it would take $400K to get that effect because he would take his 25%--$100K--off the top. And by the time the remaining $300K cycled virtual commissions for the day, he would have another $110K. So out of the total $400K, members get $190K, and $210K goes to Belize. That's on the 30/70 calculations. Back in the good ol' 25/75 and 20/80 days--that's when he took some real money!)

If there really was a fresh $300K, the bad news for YMMSS is that it would most likely mean that some 85% of the commissions were taken as cash--which could require many members to be doing such drastic things as bailing with the "pay by website" option. Or, it's remotely possible that the block of commissions payable at the time happened to be mostly due to pay cash anyway. Or it's possible that the three day payout had really lousy sales just previous to it. Or maybe it was $150K that Kim planned to put in all along, and he simply called it $300K because he knew it would "pay" $300K as it kept recycling virtual money until it was used up paying real money--Kim taking out 25% out at each cycle, of course. None of those options is pretty, but which ever is the worst case or combination, that's probably your best bet at this time in YMMSS history.

Salsa

Good point about $300K in real cash reflecting a
much higher amount in the "commissions paid"
numbers Salsa.

It probably did account for close to $500K of the
$650K that was shown as "paid" on Monday. I
saw a number of people that had multiple $320s
that they were getting paid on.

Good observation also about the "power of $10"
EPCs that have yet to mature from the last
quarter of 2003. YMMSS only had around 1000
members at the end of 2003. Those little $10
purchases will gradually create even more of a
financial burden on YMMSS as they mature.

Ahhh, the rewards of getting in early on a ponzi
scheme.

FWIW, tonight's conference call is supposed to
cover details of the other 2 larger income streams
that have recently been mentioned.

[Gringo]

FWIW, tonight's conference call is supposed to cover details of the other 2 larger income streams that have recently been mentioned.
Yes, and I'm hoping someone will ask for at least a general description of the types of investments they are doing, since there is no long term, low risk, legitimate investment that can produce the type of returns they are promising.

[Dreamer]

I dont care about general descriptions. I want specifics to see how long he stutters over himself trying to come up with some lie he had written down before.

[sigx97]

There's a fishing hut in Belize-- http://www.gooddiving.com -- you have to buy an EPC to go on holiday there, but I doubt there's enough of a turnover for profits from there to be put into YM proper.

OK here is how dumb I am, :crazy: but what does this mean? I;m a scuba diver and I dont get it.

[ComplexKid]

I'm not sure what you don't get. Kim owns (we think, nobody's been able to prove actual ownership) the resort listed at gooddiving.com

In order to book a hut/cottage/whatever at Good Diving you have to join YMMSS--pay YMMSS $23 or so on top of whatever the holiday resort costs. The claim is that the resort is so profitable that they are able to funnel monies from Good Diving to the YMMSS commissions payable account, thus making it an 'external source of income'.

I find this claim dubious at best. That's all.

[MatrixWatch]

And it is really odd scenario too. YMMSS is basically starting up profitable businesses only to pay off "the debt" of their ever-increasing chain scheme.

It seems a little backwards to me. Shouldn't a business owner just start businesses and make money? Why bother with all of this "put the profits into the YMMSS pool" sillyness?

If YMMSS continued this process, then they would eventually have hundreds of profitable businesses operating all over the world, and only a very small amount of it (if any at all) would go into Kim's pocket, because he is paying off YMMSS cyclers. YMMSS seems like an endless liability, from a business owner's perspecitve.

[Dreamer]

Watchdog, I'm sure you know the answer to your question, so I hate having to answer it, but here goes:

Every EPC purchase Kim will pocket 33-50% of the total money. So, that 80million that he claims to have paid out, $35million is probably in his pocket, another $35million is probably back in the system and $10million was paid out.

So long as this stays open for him, he can continue making money by doing nothing and having his diehard supports argue for him. Its a no loss situation for him because he claims the business is in Beliz so people cant really touch him.

But, why pay into ymmss for these businesses? Well, when the site closes, and all the losers walk away with another horror story to tell about believing an online business, kim doesn't have to forfeit his resort, or his server, or anything else he is buying with the members monies. Some people work hard for a living to get such things, and kim just lies and steals it.

So, why pretend like he's putting any money back? 1. There is no proff that he is. He doesn't make the payables and receivables accounts available to the members. But the people there are claiming all these outside sources, even though quickly doing the math shows that kim has taken out much more money from the pot than ouside sources have put into it.

Until he produces some records, its safe to assume that if he is getting any money thru his click thru advertising, or whatever else he considers advertising, it is probably going into his pockets not to the members.

[Gringo]

If YMMSS continued this process, then they would eventually have hundreds of profitable businesses operating all over the world Quite true, and the thing is all the outside businesses in the world will never be able to keep up with the goal of having a pool of money double every 90 days. The business model is flawed all the way through. Proof is that cycle times have gone up every month for the last 11 months and all the outside sources have not brought it down.

[Salsa]

I agree with your reasoning, Dreamer. Estimating how much Kim has taken out of the system, however, is more straightforward than the other numbers. With reported commissions paid now at $88.3M, that's also how much money has gone into the commissions payable account, but administration (Kim) takes 25% off the top of all money coming into the "system" before putting the other 75% in the CPA. Therefore, the amount coming into the system would have been $117.7M (87.3*4/3), of which Kim's take is 25%, $29.3M.

That's only since 1/1/2004, but it appears that the total commissions paid before that had to be something under $1M. Also, to be fair, 3% of the total system money goes to sponsors, if any, and Kim's part is only 22%, which brings his take to about $26.1M. He also has to take operating expenses out of that, but, for the actual infrastructure provided, they would have to be nominal at best.

As for actual cash paid to members, that is tougher to estimate, but here's what I've come up with. While more and more members seem to be taking cash, the historical average seems to be something less than 25%, and that agrees with the models I've run. In times past, it's possible that some payouts have even been 0% cash.

For example, imagine a day with $100K of EPC sales, and in the next payout there is a block of $225K due to repurchase instead of pay cash. Kim first takes his $25K off the top and puts the other $75K in the commissions payable account. Each time that CPA cash is used to repurchase EPCs instead of pay cash, the real cash is put back in the "system," where Kim takes his 25% before returning the balance to the commissions payable. In the current scenario, before he gets to the first cash payout, he will have taken the entire $75K out in administration fees (except for a fraction of the next position to cycle), there will be a reported commission payout of $224K, but none of it cash, 0%. Those good old days are surely gone for Kim, but the historical possibility of occasionally approaching them makes the overall estimates of 25% of recorded payouts being cash seem high. If it's accurate, however, actual cash paid to members would now be about $22M, or 43% of the total cash taken.

All of this assumes that the reconstructed records that Kim has provided (vague as they are) and his explanations of how the system works are accurate. However, it seems to me that a man who could create such a diabolical scheme would also take every opportunity to graft as much more money from the "business" as possible, as others have suggested.

And this brings me to an apology for my abrupt reply to Mike, above, when I said that "I wouldn't believe for a minute that Kim is a good man." That isn't exactly true. I first looked into YMMSS because a relative recommended it to me. As I did my DD, the testimonials were especially compelling. Such testimonials coming from only within an organization are classic red flags of affinity fraud, however. All the other flags for Ponzi and fraud were also there. Still, for the longest time, I accepted the possibility that Kim was merely a good but misguided man. Holding on to such hope is also a phase that many well-meaning people go through when they begin to suspect a swindle. It took me a long time to put the possibility from my head, and I don't even have any money invested! For those who have, the realization is much more difficult--and the more they have invested, both financially and psychologically, the more difficult it is. What I should have said is, "Knowing what I know now, I wouldn't believe for another minute that Kim is a good man." We each need to reach our own conclusions in our own time, and I've had it easy. Keep your chin up and your eyes open.

I wish you well,
Salsa

[MatrixWatch]

But, why pay into ymmss for these businesses? Well, when the site closes, and all the losers walk away with another horror story to tell about believing an online business, kim doesn't have to forfeit his resort, or his server, or anything else he is buying with the members monies. Some people work hard for a living to get such things, and kim just lies and steals it.

Actually, owning all of those businesses makes him more of a target for lawsuits from YMMSS victims. Lawyers will always take a look at the potential defendant's assets and determine whether they are sufficient to pay the class, court fees, reasonable attorney's fees, etc. In other words, they want to see if it is worth their while to file the lawsuit and invest all of time into it.

In this case, the answer in the lawyer's mind would be a resounding 'yes', because Kim has all of these businesses floating around. It also makes it easier for law enforcement to to track Kim down.

[Gringo]

In this case, the answer in the lawyer's mind would be a resounding 'yes', because Kim has all of these businesses floating around. It also makes it easier for law enforcement to to track Kim down.

If the company and assets are offshore, collecting on the judgement would be a problem. This is one of the reasons he's offshore. The other one is to prevent U.S. government authorities from shutting him down, which if he were U.S. based, they would likely be getting close to or already done by now.

[Arzel]

I think Gringo is right. Belieze will be a nice place for Kim to "retire" when this all comes crashing down. And if he really does own it (the website says otherwises) he will just stay down their

[danielmeyers]

Here is what one member posted in the YM forum as to how they explained the YMMSS "business" to potentiel new members:


As you buy credits, you are placed on the bottom of a "ladder", and as other members buy more EPCs you are moved up and up until you reach the top, which is when your position has doubled and you get payed, this is called a cycle. For example $10 goes to $20 once you reach the top. Now, there are different options you have to get payed, you can choose to get payed once your position reaches $320; here half ($160) goes to purchase 16 extra EPCs and your positions go back to the bottom, and the other half goes to pay you. The other option once your positions reach $640, half goes to purchase extra epcs and half pays you. By doing this your are guaranteeing yourself an income after every cycle.

So, if you start with a $10.00 purchase you will get payed, depending on what option you choose, after 5 or 6 cycles.

Now, as you analize this you will see that this system doesn't really have a future, because after each cycle more money needs to be coming in to pay out comissions, and eventually the system will die.
So this member recognizes that the business, if left alone, cannot sustain itself - members need to keep making purchases. Wow. This is just a classic view of "ponzi versus real business".

Many copycat programs and competitors have dissappeared because of this. This also caused ymmss to take a big hit at the end of last year, and is still suffering from it. Last year in October we had about 5000 members and by January we had 20,000, an INCREDIBLE increase! Unfortunately these members that joined didn't really understand the business and made several small purchases and stopped and decided to let their positions mature. This caused cycle times to increase enourmously. They are currently at 225 days per cycle, a BIG difference from the desired 60 - 90 days per cycle.
The competing programs disappeared because they did not employ the one key secret that YMMSS does: psycology. That is Kim's secret. He and his minions continue to use psychology to rally the members, while the competitors tried to survive on the 'business model' alone. YMMSS, however, is starting show its true colors, and members like me are slowly coming out of the fog. Once they do, YMMSS will no longer have this secret advantage, and it will also fold.

I will, at this point, share the fact that I only spent $60 on YMMSS a few months ago. I am happy that was all I spent, but I also recognize that it a pitance and doesn't qualify me to complain too loudly about it - others have spent thousands more, and I feel bad for them.

To avoid "death", the company needs income that does not depend and rely on new purchases from members and new members, right? Management had this in mind since the beginning, but due to the unexpected increase in membership last year, thanks to the launch of the new website which facilitated new members to join, they were caught off-guard. Now there are several different incomes streams that feed the comissions payable account.
Yes, every business needs to continue to recieve income from its customers in order to survive. The big difference, and its a critical one, is: who are the customers? In the case of a real business, customers can be almost anyone, but they're for sure outside of the business, or otherwise the business doesn't have any net income. Look at a company like Dell - I am sure that they sell some computers to their staff, but you don't see them saying to their staff "you better buy more computers from us, or you won't be getting a paycheck".

In the case of a ponzi, the 'customers' are all members, and they're paying themselves (recycling money). And it actually does not matter to a lawyer whether YMMSS has some incomme coming from 'outside sources'. What matters is where is the majority of money coming from? The little trickle of thousands from outside sources pales in comparison to the millions put in by members.

And one more observation: all of those people who were convinced to "try" YMMSS with $10 or $20 or (in my case) $60 will make up the vast majority of userss I think. So they don't really have much to lose personally, and in that respect are not motivated to sue YMMSS or file a complaint with the proper authorities. The only way to get that done is to get the "big losers" to file complaints, or to organize some kind of class action law auit - difficult because members are from all different countries. Gee, YMMSS is really set up to take advantage of a lot of little people.

Daniel

[Gringo]

Well, well, well. Looks like at least one of the so called outside revenue streams doesn't exist. See the Q&A on the Belize resort here: http://www.ymforums.com/viewtopic.php?t=16148
BELIZE RESORT

1. What is the weekly/monthly revenue from the
resort?

Currently there is none. It is going back to the
resort.


Turns out it is generating no income into the pool. It's all going back into the resort. Meaning the resort is breaking even or losing money. What brilliant situation this is--the outside income source also requires outside income!

[surfer]

Of course, you do realize that only registered
members of the YMForums can access that
thread. So a number of people here won't
be able to read it.

[Arzel]

I heard that also on the conference call.

I am actually a little surprised, based off my calculations the belieze resort should have been able to pump a few thousand dollars a month into YMMSS. Given this new information the Belieze resort will most likely never ammount to anything more than a free vacation spot for Kim and Mark.

[Bocotora]

Ive been following the postings for about 2 or 3 months. Ive been dieing to post some info but had some problems with registering. Anyway all solved.

Im on the ground in Belize.

If you look at the pictures, of the resort you notice a three story cream and brown building & maybe a couple of sat dishes on the roof. Top floor to be for Servers. { same story since last year]

The good news. If he is busted in US court Belize will hand him over in about 2 seconds. Look for a Gibson from Indiana who scamed a whole bunch of people out their court settlements in class action lawsuits. And he was a lawyer.

Local banks refuse to do business with him. Wont take his money as he wont say how he makes it.

Lets hope someone puts him out of business soon.

[Arzel]

One the YM forums Alan posted this about the Belieze resort.


The resort was a going concern, when it was purchased. It was turning profit's of $3M annually.

Since last year it has had major investement and upgrading, including building a pool, installing a generator and sat-link for internet. Also more accomodation was built.

Profit's will begin to show again later this year.

Alan


Unfortunately those numbers don't add up. $3 million a year is about $8,300 in profit a day average, or about $250 to $500 a day profit per guest (10 rooms 6 cottages, roughly 16 to 33 guests). But since the advertised rates are only from $250 to $330 a day per guest (including diving, meals and ground/boat transportation, bar extra) results in at most just under $4 million the return on investment per year would be about 75%! Which means that the business would be a cash cow. No business person in their right mind would sell this business unless they got a huge price.

No the Belieze resort was not making that kind of profit, simple logic dictates that it is just not possible, although rates vary across various businesses, room and boarding/recreation rates run on average about 10% to 20% according to published US national statistics. In fact all businesses in general average slightly higher at just about 22%.

A more reasonable estimate for the Belieze resort is $600,000 to $800,000 a year tops, and even that I think is a little high. If it was higher, these improvements being made would have been made long ago, and Mr. Good would have no reason to sell.

Just another situation where YMMSS facts just don't quite add up to what is logically deductible.

[Salsa]

You're right, Arzel. I saw that thread, too, but my immediate reaction was different, and I didn't crunch any numbers. I was simply filled with wonder at Kim's business acumen. Who else could purchase a business that's turning a $3M profit and immediately turn it into a loser?

Taking a second look, the $3M figure seems more likely to be a past owner's gross revenue rather than any possible net profit.

[Salsa]

Things are somehow starting to look even worse for the Belize resort. The most recently closed auction for a 1 WEEK STAY FOR 2 at the Lodge on St. George (http://ymauctions.com/item.php?id=911) went for only $730. That's only 22% of the $3,325.50 stock rate. I guess that not many YMMSS members are planning trips to Belize--or they're all so rich that they don't care about a couple thousand dollars.

Salsa
______________________________

[Gringo]

They've finally agreed to bury that cash cow, YMMSS Golf game. As described here (http://www.ymforums.com/viewtopic.php?t=25544) by Mike H.: YMGolf will not be part of our future endeavors. However, much has been learned from the site that will enable us to tackle other ventures in the proper, time tested formula. For whatever reason they are letting the auction site live for now. Remarkable since there is a whopping 1 item on there at this moment. lol
There is a pending question for Kim regarding the profitability of the resort, so it will be interesting to see how Kim handles that one.

[AvidA]

Things are somehow starting to look even worse for the Belize resort. The most recently closed auction for a 1 WEEK STAY FOR 2 at the Lodge on St. George (http://ymauctions.com/item.php?id=911) went for only $730. That's only 22% of the $3,325.50 stock rate. I guess that not many YMMSS members are planning trips to Belize--or they're all so rich that they don't care about a couple thousand dollars.

Salsa
______________________________

I can verify with a great deal of certainty that that's a "negotory" on that last statement. :crazy: lol

[Not_Concerned]

I can verify with a great deal of certainty that that's a "negotory" on that last statement. :crazy: lol

My God, I love you, AvidA!!!!

[AvidA]

I love you, too dad...Oops! I mean Not_Concerned! lol lol

[Gringo]

Latest update on the profitability of the resort: We are on the brink of profitability and those profits will feed the RFA. lol

Soon...Any day now...

[weirdid]

We are on the brink of profitability and those profits will feed the RFA.


So, does this mean that the holiday complex was purchased with funds from YMMSS ?.
If this is correct, then, it could be said it was bought with the proceeds of crime.

[Gringo]

So, does this mean that the holiday complex was purchased with funds from YMMSS ?. Yes, it came from the 25% Kim takes off the top of all funds put through the system.

[itstheone]

For those who don't have access anymore, i probably won't much longer, this was posted for the conference call questions.

STA has paid $100 Million To Affilliates in the last 3 years.
That is really GREAT.
It also means that admin has had over
$22 Million over the last three years. It was said that half of
the 22% that admin receives off the top is to earn outside income
for further contributions to the RFA.

My question is have we lost all of that money ($11 million +)
in bad investments or are the following still working.

If STA has totally lost its income stream that was to produce
$4 Million a month starting Janruary 2006 it would be nice to know.
If it is still on the table it would be nice to know.

If STA has totally lost its income stream of $16-19 Million per week
due to start July 2006 it would be nice to know.
If it is still on the table it would be nice to know.

When the Resort that STA built in Belize might become profitable
and contribute to the RFA, would be nice to know.

Details not required
Posibilities and hope are really nice to know.

Thanks For listening
Thanks even More For Business Outlook / Forcast

STA can and will be a help to all of its affilliates.
We would just like to know.
-------------------------------

This has just been asked in the office as well

Posted: Fri Mar 17, 2006 4:15 pm Post subject: Income Streams

--------------------------------------------------------------------------------

I copied the following from a post of May of 2005. Does anyone have an update on this matter?

From Jim H

Kim spoke about income streams coming to himself & Mark all the time, but they are carefully being scrutinized by Mark & the legal team before the OK is given to sign any papers.
But every week there are investment offers always coming in.

It's true that the 1st income stream (300 k monthly) papers were signed about a month ago, & that's why it's starting for us this coming week..

It's also true that this past Monday, May 9, Mark told me he & Kim were definetely ready to now sign the papers for the 2nd larger & better income stream. Mark was very hopeful this could be done by late this week.

And there are several others he is presently in the process of examining carefully.

In the next couple of weeks we should hear whether he & Kim will also sign for the 3rd very large income stream.
Mark is waiting to receive a little more info. about it.

There are actually two long term income streams signed for also, which you possibly confused with each other.
In about 8 months there will be several Million coming in weekly (I'm not sure of the exact amount, somewhere around 4 to 6 Millon).
As far as the 18 Million weekly: This income stream will begin about this time next year, give or take a month.

---------------------------


The answer was

Mark Boike is looking after this and other
financial concerns for the business.
Regarding Mark, Kim said on the last
conference call:

"Mark is our Chief Financial Officer; he is knee deep in taxes in addition to his other work. Unfortunately, he does need time to sleep, but he has been working 16 and 20 hour days, 7 days a week. I need him to keep working on the things that we have him doing for the benefit of all of us. Mike's job and my job include communicating with the membership and that is why you hear from us on a regular basis. Mark's primary focus is to do the things financially for the benefit of all. When the demand on his time is reduced, he will be available."


I wonder what Mark has been doing the last 10 months, he sure as hell ain't been doing what he's paid to do!!

Git 'er done :thumbsup:

[AvidA]

Outside Income Resources??? lol lol lol lol lol I am sorry but just seeing this is a thread makes me laugh. I have been hearing that blarney/****e for 3 years now. :shake:

[neighbor]

Seriously Traumatized Affiliates, Starting To Awaken,
Seeing The Anomalies, Sanctions Turning Affiliates, as more are seeing the light,
Stories Told Affiliates are maturing, Stall Tactics Asserted last year are coming due,
Yarns Mark Manufactured Spring Summer, Stalling The Answers, are coming due,
Yarns Mike Manufactured Spring Summer, are overdue,
Yarns MrKim Manufactured Spring Summer, Poof; <{ok I cheated a little this time}
A ‘1 $10 EPC’ purchase building to a good retirement income, long poofed;
60 to 90 day cycle times, poof,
Long awaited servers will allow daily processing, Poof;
STA/NECC cellular-long distance bills feeding CPA/RFA, poof
$Millions$ in revenues from Belize diving resort, poof;
Humanitarian enterprises will start feeding CPA/RFA, poof;
Every form of Kim & Mark’s “Outside Revenue Streams”, poofed

Affiliates belief that all these announcements represent income to be taking place
some time in the near future, this is the only reason that this thing has kept going…
greatest among these, the $19 million a week, a “done deal”, and is coming due.

Progress in ‘Poofing’ made just in the last month…
Debit Card “on the way to your home address” even this week, poofed;
Two weeks to ACH, Direct Deposit, poofed;
Debit Card “website available in back office this weekend, poofed
their programmers working with our programmers migrating data, poofed;
$35K a week, poof; $300K a month feeding RFA, poof;
Every announcement or reference made about the maturing $19 mill a week, poof;
Mike’s 100’s of Retail Advertisers “chomping at the bit to join and spend”, poof;
STA/ Stormpay affiliation, poofed;
Substantial weekly income from Esto’s Greenwood mlm, poof;
Alexei Goloubev, poped;
Barry & Jim and their weekly Conference calls, Poof;
Multiple “Live” Conferences with Kim Inman, poof; his “recording” is more available.
Mark Boike, poof; Mark can’t come to the phone now, 9 pm is past his bedtime…but,
Mike can squeeze some time thou, even thou he’s wearing “two” sets of antlers now!
Conference phone calls, pooffing;
Affiliate numbers; pooffing;
STA Chat room daily attendance, pooffing;
YMForums daily attendance, pooffing;
Kim Inman himself, about to go poof?
And,
Suspicious Tortured Affiliates, are Started Taking Action…

Neighbor

[yeppers]

Well, well, well. Looks like at least one of the so called outside revenue streams doesn't exist. See the Q&A on the Belize resort here: http://www.ymforums.com/viewtopic.php?t=16148


Turns out it is generating no income into the pool. It's all going back into the resort. Meaning the resort is breaking even or losing money. What brilliant situation this is--the outside income source also requires outside income!i have a sneaking suspicion that the outside income for the resort came out of our pockets.