surfer
May 31st, 2005, 10:55 PM
For well over 4 months now, Kim Inman has been
claiming that one of the "outside income" streams
has been bringing in $60-$70K per week.
Well shucks, members just found out that he made
an innocent mistake and it's really been per month.
Or who knows, maybe he really meant per year, or
per decade. ;)
He has made this innocent mistake on every single
conference call that it was mentioned on. Not once did he
ever correctly state that it was monthly instead of
weekly. Until the 5/26 Thursday call, that is.
Below is a little mixture of quotes about income sources
from different conference calls.
Make particular note of the first quote from the 3/17/05
conference call. It seems to me that this $70K/week/
month is from the stream that is eventually supposed
to bring in about $1 billion/year. Seems a bit difficult to
get confused over such an important subject.
The man is having more and more difficulty keeping his
story straight.
From the 1/27/05 conference call.Q6: How much risk is there associated with these outside alternate income sources? How often are these alternate income sources paying off?
A6: We currently have about $60,000 per week being put into the commission’s payable account that is generated from some short term sources. The risk is to me personally, not YMMSS or its members. If these other investments don’t pay off, I take the loss. If there are gains, ALL of the gains are put into the commission’s payable account. Mark has been hired to help analyze opportunities that will help YMMSS generate more income streams. We try and minimize the risks and maximize the profits.
From the 1/20/05 conference call.Kim sets aside half of his profits to use for generating alternate income sources that will feed the commission’s payable account (see explanation below in YMMSS membership section). Right now, it isn’t millions of dollars per day, but it will be. On Friday, January 21, $70,000 will be put into the commission’s payable account that came from additional income sources. Kim has additional income sources that within 18 months should produce millions of dollars per week for the commission’s payable account. He didn’t have to do that, but he CHOOSES to because money isn’t the driving force for YMMSS; Kim’s driving force is not himself helping someone, but you helping someone through him. Kim can only do so much, but each member can do great things together
From the 1/13/05 conference call.We have short term sources that generate very good returns. We also have long term sources that generate very good returns, but Kim never touches those. Those are set aside strictly for income generation for the benefit of the commission’s payable account. Just in the month of December 2004, there were hundreds of thousands of dollars put into YMMSS through alternate income sources. YMMSS has a resort in Belize, exclusive to our membership, which will generate income for the commission’s payable account.
Q3: Is there any time frame as to when the first solution would be in place to stop the increase in cycle times? If no clear time frame is given, how high will cycle times actually reach?
A3: Our target to have the servers in place is in the January/February time frame. We hope to have it done before the end of the month. Murphy’s Law seems to be working against us no matter what. We just happen to be processing record sales days right now. Last year our normal daily payout was around $165,000/day; so far this year, the average is $325,000/day. When we hit big sales days, the cycle times will go up. The great thing about this is while those cycle days go up on big sales days; it goes back down whenever those days cycle back around. Whenever we start paying out commissions for November 18, they cycle times will fall because we had days that the system was not operational at all. We have other income sources that we feed into the commission’s payable account and it’s not unusual to put in $50,000-$100,000/week from those sources. I could spend my time analyzing the time frames for such things, but I think it’s much more important to spend my time generating other income sources. I can’t give you an exact date. If we get the retail site up and start selling retail ads, the cycle times will come down. If we get the servers up and start operating 24/7, the cycle times will go down. Until the servers are up, we are losing one full day of sales every 7 days. In other programs, your biggest concern is usually ‘whether’ you will be paid; with us, it is ‘what day’ you will be paid. Try and have some patience as there are some things that are out of our control and we are working hard every day to get the cycle times back down to 90 days so we can manage it at that.
From the 1/6/05 conference call.The most common question is what are all the income sources for funding the commissions payable account. They are: 1) members purchasing ads; 2) retail ads 3) other sources like profits from Belize resort (exclusive to YMMSS members) and proprietary sources which generate hundreds of thousands of dollars.
Kim manages the cycle times too. He has put money in from short term income-producing sources close to $1 million over the last 4-6 weeks. That didn’t come out of any of the members’ pockets; it came from income-generating sources. Kim has long-term income-producing sources that in two years will generate millions of dollars per day. We are broadening our base by not relying totally on member purchases to feed the commission’s payable account.
From the 3/17/05 conference call.Kim takes a lot of criticism because cycle days are so high. He is willing to take that criticism. The criticism comes because Kim has stated that he is unwilling to use the principal funds to ‘fund’ the commission’s payable account just to bring the cycle days down. Those principal funds are used to secure alternate income sources for the longevity and future of YMMSS. The cycle days will take care of themselves. If he were to use the principal funds to curtail the growth of cycle days, those funds could never be returned. So he uses those principal funds to produce continuing returns for the commission’s payable account. We are already feeding about $70,000 per week into the commission’s payable account; those funds were created from an alternate income source. While that is a small amount of money right now, in about 14-15 months, it will be generating around $15-$16 million per week.
Q2: You had mentioned in the past that you have short term, medium term and long term income sources coming through. I don’t remember what the figures are, but do they overlap? You said something about $60-$70,000 per week coming in now and then a year or so from now it would be like $10 million or something and then 1 ½ years from now it would be $19 million. Does that $10 million and $19 million go to $29 or does it end and start again?
A2: They overlap.
claiming that one of the "outside income" streams
has been bringing in $60-$70K per week.
Well shucks, members just found out that he made
an innocent mistake and it's really been per month.
Or who knows, maybe he really meant per year, or
per decade. ;)
He has made this innocent mistake on every single
conference call that it was mentioned on. Not once did he
ever correctly state that it was monthly instead of
weekly. Until the 5/26 Thursday call, that is.
Below is a little mixture of quotes about income sources
from different conference calls.
Make particular note of the first quote from the 3/17/05
conference call. It seems to me that this $70K/week/
month is from the stream that is eventually supposed
to bring in about $1 billion/year. Seems a bit difficult to
get confused over such an important subject.
The man is having more and more difficulty keeping his
story straight.
From the 1/27/05 conference call.Q6: How much risk is there associated with these outside alternate income sources? How often are these alternate income sources paying off?
A6: We currently have about $60,000 per week being put into the commission’s payable account that is generated from some short term sources. The risk is to me personally, not YMMSS or its members. If these other investments don’t pay off, I take the loss. If there are gains, ALL of the gains are put into the commission’s payable account. Mark has been hired to help analyze opportunities that will help YMMSS generate more income streams. We try and minimize the risks and maximize the profits.
From the 1/20/05 conference call.Kim sets aside half of his profits to use for generating alternate income sources that will feed the commission’s payable account (see explanation below in YMMSS membership section). Right now, it isn’t millions of dollars per day, but it will be. On Friday, January 21, $70,000 will be put into the commission’s payable account that came from additional income sources. Kim has additional income sources that within 18 months should produce millions of dollars per week for the commission’s payable account. He didn’t have to do that, but he CHOOSES to because money isn’t the driving force for YMMSS; Kim’s driving force is not himself helping someone, but you helping someone through him. Kim can only do so much, but each member can do great things together
From the 1/13/05 conference call.We have short term sources that generate very good returns. We also have long term sources that generate very good returns, but Kim never touches those. Those are set aside strictly for income generation for the benefit of the commission’s payable account. Just in the month of December 2004, there were hundreds of thousands of dollars put into YMMSS through alternate income sources. YMMSS has a resort in Belize, exclusive to our membership, which will generate income for the commission’s payable account.
Q3: Is there any time frame as to when the first solution would be in place to stop the increase in cycle times? If no clear time frame is given, how high will cycle times actually reach?
A3: Our target to have the servers in place is in the January/February time frame. We hope to have it done before the end of the month. Murphy’s Law seems to be working against us no matter what. We just happen to be processing record sales days right now. Last year our normal daily payout was around $165,000/day; so far this year, the average is $325,000/day. When we hit big sales days, the cycle times will go up. The great thing about this is while those cycle days go up on big sales days; it goes back down whenever those days cycle back around. Whenever we start paying out commissions for November 18, they cycle times will fall because we had days that the system was not operational at all. We have other income sources that we feed into the commission’s payable account and it’s not unusual to put in $50,000-$100,000/week from those sources. I could spend my time analyzing the time frames for such things, but I think it’s much more important to spend my time generating other income sources. I can’t give you an exact date. If we get the retail site up and start selling retail ads, the cycle times will come down. If we get the servers up and start operating 24/7, the cycle times will go down. Until the servers are up, we are losing one full day of sales every 7 days. In other programs, your biggest concern is usually ‘whether’ you will be paid; with us, it is ‘what day’ you will be paid. Try and have some patience as there are some things that are out of our control and we are working hard every day to get the cycle times back down to 90 days so we can manage it at that.
From the 1/6/05 conference call.The most common question is what are all the income sources for funding the commissions payable account. They are: 1) members purchasing ads; 2) retail ads 3) other sources like profits from Belize resort (exclusive to YMMSS members) and proprietary sources which generate hundreds of thousands of dollars.
Kim manages the cycle times too. He has put money in from short term income-producing sources close to $1 million over the last 4-6 weeks. That didn’t come out of any of the members’ pockets; it came from income-generating sources. Kim has long-term income-producing sources that in two years will generate millions of dollars per day. We are broadening our base by not relying totally on member purchases to feed the commission’s payable account.
From the 3/17/05 conference call.Kim takes a lot of criticism because cycle days are so high. He is willing to take that criticism. The criticism comes because Kim has stated that he is unwilling to use the principal funds to ‘fund’ the commission’s payable account just to bring the cycle days down. Those principal funds are used to secure alternate income sources for the longevity and future of YMMSS. The cycle days will take care of themselves. If he were to use the principal funds to curtail the growth of cycle days, those funds could never be returned. So he uses those principal funds to produce continuing returns for the commission’s payable account. We are already feeding about $70,000 per week into the commission’s payable account; those funds were created from an alternate income source. While that is a small amount of money right now, in about 14-15 months, it will be generating around $15-$16 million per week.
Q2: You had mentioned in the past that you have short term, medium term and long term income sources coming through. I don’t remember what the figures are, but do they overlap? You said something about $60-$70,000 per week coming in now and then a year or so from now it would be like $10 million or something and then 1 ½ years from now it would be $19 million. Does that $10 million and $19 million go to $29 or does it end and start again?
A2: They overlap.