BTCohen
September 2nd, 2005, 02:18 PM
Well, here goes
From IT4Us ' Invisible Man - Paul
Posted: Sun Aug 28, 2005 6:13 am Post subject: ANNOUNCEMENT August 27th 2005
--------------------------------------------------------------------------------
Hello Everyone.
I have been receiving complaints and challenges from certain individuals which I feel are worth mentioning and answering here.
However, before I begin with that just let me explain a wee bit first.
I am a fellow member. I am not a founding member. I haven't been around for the three or so years previous during which time a lot of trial and error and planning was going on behind the scenes. I had no knowledge of all that hard work which had gone before.
I joined some time after I.T. had been in business, “and yes!” the returns seemed unbelievable but everyone was obviously happy and so I knew I should at least give I.T. a go before it disappeared like the rest of them.
I counted on I.T. to disappear since that has been the nature of HYIP's from the beginning. The idea is to get in soon and get out quick!
I was actually making profits this way. It is a bit like buying shares short term, and knowing when to get out, being the trick.
I could see something about these HYIP's that others couldn't see it seemed. Having reached the top level in my industry which is sales based, I knew a lot of the tricks being used by these companies. I also knew a great deal about how to appeal to the masses from my advertising days and I could see that many would get "sucked in" and lose their money.
It's a lot like the stock market. There are only two things that drive the stock market, “Greed and Fear”. People buy when they see the price rise (greed) and they quickly sell when they see the price fall (fear of losing their money).
Similarly, these HYIP's promise the world with their smiley people on the front page and their fancy words to attract the people to give them their hard earned money. They then pay on time for a while to build confidence and when they reach a certain level of cash in the kitty they suddenly close shop and disappear.
Since then I have paid attention to every other High Yield Investment Program I was watching or invested in, “mainly for fun”, dissolve into cyberspace.
I.T. is the only one remaining who was on that original list of mine.
When you go to buy something the first thing you do is evaluate it. You deal with the practical side of things by deciding if it's really what you want and how much you are prepared to pay for it.
The interesting thing is that when humans finally decide, they make that decision based on emotion.
For example; “does the (English; tyres) (US; tires) have plenty of tread on them?”, “is the engine in good condition?”, “will my surf board fit in?” etc, etc.
Then the next thing that comes is the crunch! The salesman says "Yeah!” and you'll be the envy of all your neighbors because this color only came in the limited edition and so it's almost a collector’s car"!
DONE DEAL!
You bought on emotion after all the practical analysis then later discover it's as common as dirt. Funny how once you buy something you discover every second person seems to own one as well and the spare parts are extremely expensive. Well not enough due diligence was carried out after all.
How do I know this? FROM EXPERIENCE FOLKS! I'm no different to any of you after all.....lol
Back too the “I.T. topic”!
Now let's try and get things into perspective. Your local bank offers you how much interest on your savings? Not worth mentioning right?
You can invest in fixed long term insurance bonds, or managed funds where a whole lot is taken by admin fees, but generally it's impossible to get rich on savings interest within one's own country.
So, the answer is to go off shore.
Now generally, that means finding a good broker in an off shore tax free jurisdiction. BUT, you have Buckley’s chance of doing that since it is a “who knows who” environment.
If you could get that kind of information then you would be able to invest in similar insurance bonds and managed funds and get a huge 15%pa to 80%pa return over a diversified portfolio.
If you do your due diligence and take some advice from those who are successful at doing this then you should be able to receive an average return of 25% per annum without too much effort. Brilliant!
ANY RETURN HIGHER THAN 60% IN THAT ARENA SHOULD BE LOOKED ON AS VERY HIGH RISK.
“The higher the reward, the higher the risk”
So! What view do we take of an investment offering 200% per month? Normal? I think not, High risk? That's for sure!
How long has the company been around? Not long! Shall I put all my money in it? You're kidding! Shall I plan to retire on it within 6 months? Get real!
Hmm! Well that's the way I was thinking since I knew about off shore investing and recognized the risks. Nevertheless, there seemed to be something special about I.T. even for me.
Now, I realize that there are far too many people who can use their computer and suddenly find themselves dealing with an off shore opportunity. Trouble is, off shore means you kiss good bye to your country's jurisdiction and sovereignty, so if you proceed and you get into strife then there is no one to file a complaint with.
"Proceed with caution" reads the sign.
THAT'S WHY I INTRODUCED YOU TO THE SEVEN GOLDEN RULES WHICH I HAD TO LEARN BY MAKING MISTAKES AND FINDING OUT THE HARD WAY.
SO GUESS WHAT? I have just been told by a member who describes themselves as "a representative of the membership" that, quote;
"Once our funds were no longer available we started to get lectures from TIM about the 7 rules of investing. What a bloody insult that was! We couldn't withdraw our money but we were told to diversify, shame on you TIM"
Oh mummy!!! So, I made a horrible mistake by trying to enlighten all those who had not done their due diligence and were finding out about the rules the hard way.
Sorry I insulted you!
Perhaps I should have posted the 7 rules way back before you joined - would that have helped? . . . .Wait a minute, I did post them!
Oh woops, I forgot - people just don't read beyond "got paid thread" . . . . Hmmm!
Well I tried! Which is more than the complainant did.
There were in fact a huge number of people who THANKED ME, as they found that information very useful, otherwise you have to wonder why I would bother to continue!
Dealing with the general public has never been easy since we all have our own opinions and views on this world. So I'm stirred but not shaken....lol
To show someone where they went wrong is an insult it seems. They would have preferred me to warn them in advance. How convenient!
Mind you, no one warned me! Damn!
So the complainant wants me to hold their hand and lead them down life's treacherous pathway. That's how it seems doesn't it?
Back when I.T. was in portal mode you could say anything! Everyone was so deliriously happy that black could mean white and that was also ok. Now they read between the lines and turn things around and conveniently leave out bits when quoting....oh well!
Money is certainly a powerful drug, but is also a powerful tool. Too bad so many are drugged!
The poor are "programmed" to think it's for spending, and the wealthy know it’s simply a tool. The greatest problem is to do with the mindset behind that, trying to see the world in a different light, from a completely different angle.
The complainant writes; "where are the investments that I.T. has our money invested in"?
Very sorry! As we have mentioned many times, that is confidential information. We are not a public company and you are not a shareholder!
Next came the funds dilemma and the question; "Where is all the money that we were told is safe and reinvested"?
Actually, that is a sensible question. Let's put it this way.
Those huge returns you were receiving! Where do you think the money came from? I.T. certainly wasn't going to get that from investing in the local bank!
Didn't you wonder even a little about that?
Well it goes back to what I just said. The wealthy know that money is a tool. They know that the wealthier you are the more privileges you receive, the more opportunities open up to you.
Those opportunities are not spoken of by the wealthy since if you are not very wealthy it's a pointless exercise. You would need at the very least a million just to enter those markets. Five would be better.
Thus, in order to offer you those enormous returns, I.T. would have to maintain enormous deposits in those markets. Well, you all know how things went. The e-currency restriction, the portals restriction, the thing went into a spiral and when the total funds (deposits and interest) dropped to lack of movement then the returns also fell dramatically. It was a lot more complex than that unfortunately.
However, we knew what had to be done. Well not straight away ! When I think back it was like a bad dream as we went into damage control mode without quite knowing at first what exactly was the damage.
The answer was to stop payouts and let the funds build up again. That is still happening but at least now we are able to pay out something at the same time and that will increase.
Once the funds get back to where they were then those higher yields will come back and away we go again. In other words we dropped below a certain threshold. Now having said that, guess what? Here come all the folks reading between the lines again. Trying to analyze something about which they know absolutely nothing.
At least now you realize that your individual funds are piggy backed onto much larger funds and that is how you receive those high rewards.
Now having said this much at great risk of being ridiculed into oblivion, can you begin to see that although we are stressed and saddened by the difficulties being faced by those members who have come to rely on I.T. funds, that we are also saddened that they did not do their due diligence.
“Do we have a plan to turn this all around?” you may ask. That is what we are working on at the BOD level, and what we have desperately been trying to tell you.
I just wish you could be told more. I really do! We are working towards surprising you all, and if things go well then that would be great! But enough said, sorry!
“Why?”, because we are simply not going to give away any more information for security reasons especially the heads up about objectives which are reliant on events yet to happen.
PRIORITY ONE
The first part of that plan is to get everyone paid up to date.
PRIORITY TWO
Get the investments running again with the new it4us “Investment Portfolio”.
PRIORITY THREE
Start the education process. To teach you how to protect yourselves from the kinds of things you have suffered in the past.
PRIORITY FOUR
Find those people who have reached a certain stage where they can join our team of off line members in the PHP side of the I.T. business.
No doubt there will be other priorities, but those above are where we are right now.
I hope I am not lecturing you. That is what has been claimed by the complainant. All I am trying to do is shake you up and make you realize that we all have to take some responsibility for our actions. As someone said that, "I shouldn't expect to get through to everyone since I am used to talking to adults"...lol.
During the year I posted information about asset protection, money management, off shore investing and mindset, planning and goal setting, information on purchasing properties and establishing trusts etc, etc, etc.
Many of those lessons cost me thousands of dollars and came to you for free. That was before Mac invited me to join the team.
Many came from life's lessons and came to you as general information to be shared. I was very pleased that so many expressed their thanks as it gave me the notion that I was doing something useful.
Now with payments starting again I can see it won't be long before we can get that information flowing again.
Mark is now back from his travels, Mac and the BOD are in forward motion with much on our agenda. Too much really, but our next Board meetings are just over a week away and many of the problems will be resolved then I'm sure.
ON THE ISSUE OF PAYMENTS
You would all like to know where we are up to in the process, so we have requested from our tech department that they speed up a process that they have already been working on, one which will provide accurate and effecient "Bank Level" type stats within your own accounts. If Mark has the time, he will try to get something written up that will explain what his team is working on, and what to expect.
To those of you, who are in financial difficulty, please don't lose heart.
If you are in the situation where you have lost your family home or some disaster of that nature has occurred, then you will need to supply us some proof of that.
Why?
Later on when we are able, it is being discussed as a possibility that I.T. will donate funds to your account for reinvestment ( amounts not discussed yet) that you can quickly rebuild or reclaim that part of your life. This is something that is planned when things are back to full steam ahead.
I know I have been hard hitting with my lessons about investing and taking responsibility for your actions. However, we are not a benevolent society.
Nevertheless, behind all of that is a very compassionate BOD whose plans are in favor (English: favour)of the membership.
However, such plans are still on the "drawing board" until the BOD meets again.
Thus you understand why much is being kept in reserve until we recoup our position in the markets. Telling you of plans ahead just doesn't work because of the negative folks who are only here to cause problems. If it weren't for them then we would share more information with you.
If we knew for sure that everyone was on the same page we would write a great deal more on that page.
Meanwhile this "bunch of scammers" still refuses to take any money in until people are paid up. This "Ponzi" which stopped taking money in some time ago since it had "enough ?" and should have run away, is still here !
Mummy ! What are we doing wrong?
Well I see it is time for a strong coffee now. But at least all that is off my mind (and now on yours - it would seem ).
I bid my sincere thanks to you all for your perseverance and understanding, including my own family who sees the dull side as well as the shiny side.
Paul
Director for Communications
From IT4Us ' Invisible Man - Paul
Posted: Sun Aug 28, 2005 6:13 am Post subject: ANNOUNCEMENT August 27th 2005
--------------------------------------------------------------------------------
Hello Everyone.
I have been receiving complaints and challenges from certain individuals which I feel are worth mentioning and answering here.
However, before I begin with that just let me explain a wee bit first.
I am a fellow member. I am not a founding member. I haven't been around for the three or so years previous during which time a lot of trial and error and planning was going on behind the scenes. I had no knowledge of all that hard work which had gone before.
I joined some time after I.T. had been in business, “and yes!” the returns seemed unbelievable but everyone was obviously happy and so I knew I should at least give I.T. a go before it disappeared like the rest of them.
I counted on I.T. to disappear since that has been the nature of HYIP's from the beginning. The idea is to get in soon and get out quick!
I was actually making profits this way. It is a bit like buying shares short term, and knowing when to get out, being the trick.
I could see something about these HYIP's that others couldn't see it seemed. Having reached the top level in my industry which is sales based, I knew a lot of the tricks being used by these companies. I also knew a great deal about how to appeal to the masses from my advertising days and I could see that many would get "sucked in" and lose their money.
It's a lot like the stock market. There are only two things that drive the stock market, “Greed and Fear”. People buy when they see the price rise (greed) and they quickly sell when they see the price fall (fear of losing their money).
Similarly, these HYIP's promise the world with their smiley people on the front page and their fancy words to attract the people to give them their hard earned money. They then pay on time for a while to build confidence and when they reach a certain level of cash in the kitty they suddenly close shop and disappear.
Since then I have paid attention to every other High Yield Investment Program I was watching or invested in, “mainly for fun”, dissolve into cyberspace.
I.T. is the only one remaining who was on that original list of mine.
When you go to buy something the first thing you do is evaluate it. You deal with the practical side of things by deciding if it's really what you want and how much you are prepared to pay for it.
The interesting thing is that when humans finally decide, they make that decision based on emotion.
For example; “does the (English; tyres) (US; tires) have plenty of tread on them?”, “is the engine in good condition?”, “will my surf board fit in?” etc, etc.
Then the next thing that comes is the crunch! The salesman says "Yeah!” and you'll be the envy of all your neighbors because this color only came in the limited edition and so it's almost a collector’s car"!
DONE DEAL!
You bought on emotion after all the practical analysis then later discover it's as common as dirt. Funny how once you buy something you discover every second person seems to own one as well and the spare parts are extremely expensive. Well not enough due diligence was carried out after all.
How do I know this? FROM EXPERIENCE FOLKS! I'm no different to any of you after all.....lol
Back too the “I.T. topic”!
Now let's try and get things into perspective. Your local bank offers you how much interest on your savings? Not worth mentioning right?
You can invest in fixed long term insurance bonds, or managed funds where a whole lot is taken by admin fees, but generally it's impossible to get rich on savings interest within one's own country.
So, the answer is to go off shore.
Now generally, that means finding a good broker in an off shore tax free jurisdiction. BUT, you have Buckley’s chance of doing that since it is a “who knows who” environment.
If you could get that kind of information then you would be able to invest in similar insurance bonds and managed funds and get a huge 15%pa to 80%pa return over a diversified portfolio.
If you do your due diligence and take some advice from those who are successful at doing this then you should be able to receive an average return of 25% per annum without too much effort. Brilliant!
ANY RETURN HIGHER THAN 60% IN THAT ARENA SHOULD BE LOOKED ON AS VERY HIGH RISK.
“The higher the reward, the higher the risk”
So! What view do we take of an investment offering 200% per month? Normal? I think not, High risk? That's for sure!
How long has the company been around? Not long! Shall I put all my money in it? You're kidding! Shall I plan to retire on it within 6 months? Get real!
Hmm! Well that's the way I was thinking since I knew about off shore investing and recognized the risks. Nevertheless, there seemed to be something special about I.T. even for me.
Now, I realize that there are far too many people who can use their computer and suddenly find themselves dealing with an off shore opportunity. Trouble is, off shore means you kiss good bye to your country's jurisdiction and sovereignty, so if you proceed and you get into strife then there is no one to file a complaint with.
"Proceed with caution" reads the sign.
THAT'S WHY I INTRODUCED YOU TO THE SEVEN GOLDEN RULES WHICH I HAD TO LEARN BY MAKING MISTAKES AND FINDING OUT THE HARD WAY.
SO GUESS WHAT? I have just been told by a member who describes themselves as "a representative of the membership" that, quote;
"Once our funds were no longer available we started to get lectures from TIM about the 7 rules of investing. What a bloody insult that was! We couldn't withdraw our money but we were told to diversify, shame on you TIM"
Oh mummy!!! So, I made a horrible mistake by trying to enlighten all those who had not done their due diligence and were finding out about the rules the hard way.
Sorry I insulted you!
Perhaps I should have posted the 7 rules way back before you joined - would that have helped? . . . .Wait a minute, I did post them!
Oh woops, I forgot - people just don't read beyond "got paid thread" . . . . Hmmm!
Well I tried! Which is more than the complainant did.
There were in fact a huge number of people who THANKED ME, as they found that information very useful, otherwise you have to wonder why I would bother to continue!
Dealing with the general public has never been easy since we all have our own opinions and views on this world. So I'm stirred but not shaken....lol
To show someone where they went wrong is an insult it seems. They would have preferred me to warn them in advance. How convenient!
Mind you, no one warned me! Damn!
So the complainant wants me to hold their hand and lead them down life's treacherous pathway. That's how it seems doesn't it?
Back when I.T. was in portal mode you could say anything! Everyone was so deliriously happy that black could mean white and that was also ok. Now they read between the lines and turn things around and conveniently leave out bits when quoting....oh well!
Money is certainly a powerful drug, but is also a powerful tool. Too bad so many are drugged!
The poor are "programmed" to think it's for spending, and the wealthy know it’s simply a tool. The greatest problem is to do with the mindset behind that, trying to see the world in a different light, from a completely different angle.
The complainant writes; "where are the investments that I.T. has our money invested in"?
Very sorry! As we have mentioned many times, that is confidential information. We are not a public company and you are not a shareholder!
Next came the funds dilemma and the question; "Where is all the money that we were told is safe and reinvested"?
Actually, that is a sensible question. Let's put it this way.
Those huge returns you were receiving! Where do you think the money came from? I.T. certainly wasn't going to get that from investing in the local bank!
Didn't you wonder even a little about that?
Well it goes back to what I just said. The wealthy know that money is a tool. They know that the wealthier you are the more privileges you receive, the more opportunities open up to you.
Those opportunities are not spoken of by the wealthy since if you are not very wealthy it's a pointless exercise. You would need at the very least a million just to enter those markets. Five would be better.
Thus, in order to offer you those enormous returns, I.T. would have to maintain enormous deposits in those markets. Well, you all know how things went. The e-currency restriction, the portals restriction, the thing went into a spiral and when the total funds (deposits and interest) dropped to lack of movement then the returns also fell dramatically. It was a lot more complex than that unfortunately.
However, we knew what had to be done. Well not straight away ! When I think back it was like a bad dream as we went into damage control mode without quite knowing at first what exactly was the damage.
The answer was to stop payouts and let the funds build up again. That is still happening but at least now we are able to pay out something at the same time and that will increase.
Once the funds get back to where they were then those higher yields will come back and away we go again. In other words we dropped below a certain threshold. Now having said that, guess what? Here come all the folks reading between the lines again. Trying to analyze something about which they know absolutely nothing.
At least now you realize that your individual funds are piggy backed onto much larger funds and that is how you receive those high rewards.
Now having said this much at great risk of being ridiculed into oblivion, can you begin to see that although we are stressed and saddened by the difficulties being faced by those members who have come to rely on I.T. funds, that we are also saddened that they did not do their due diligence.
“Do we have a plan to turn this all around?” you may ask. That is what we are working on at the BOD level, and what we have desperately been trying to tell you.
I just wish you could be told more. I really do! We are working towards surprising you all, and if things go well then that would be great! But enough said, sorry!
“Why?”, because we are simply not going to give away any more information for security reasons especially the heads up about objectives which are reliant on events yet to happen.
PRIORITY ONE
The first part of that plan is to get everyone paid up to date.
PRIORITY TWO
Get the investments running again with the new it4us “Investment Portfolio”.
PRIORITY THREE
Start the education process. To teach you how to protect yourselves from the kinds of things you have suffered in the past.
PRIORITY FOUR
Find those people who have reached a certain stage where they can join our team of off line members in the PHP side of the I.T. business.
No doubt there will be other priorities, but those above are where we are right now.
I hope I am not lecturing you. That is what has been claimed by the complainant. All I am trying to do is shake you up and make you realize that we all have to take some responsibility for our actions. As someone said that, "I shouldn't expect to get through to everyone since I am used to talking to adults"...lol.
During the year I posted information about asset protection, money management, off shore investing and mindset, planning and goal setting, information on purchasing properties and establishing trusts etc, etc, etc.
Many of those lessons cost me thousands of dollars and came to you for free. That was before Mac invited me to join the team.
Many came from life's lessons and came to you as general information to be shared. I was very pleased that so many expressed their thanks as it gave me the notion that I was doing something useful.
Now with payments starting again I can see it won't be long before we can get that information flowing again.
Mark is now back from his travels, Mac and the BOD are in forward motion with much on our agenda. Too much really, but our next Board meetings are just over a week away and many of the problems will be resolved then I'm sure.
ON THE ISSUE OF PAYMENTS
You would all like to know where we are up to in the process, so we have requested from our tech department that they speed up a process that they have already been working on, one which will provide accurate and effecient "Bank Level" type stats within your own accounts. If Mark has the time, he will try to get something written up that will explain what his team is working on, and what to expect.
To those of you, who are in financial difficulty, please don't lose heart.
If you are in the situation where you have lost your family home or some disaster of that nature has occurred, then you will need to supply us some proof of that.
Why?
Later on when we are able, it is being discussed as a possibility that I.T. will donate funds to your account for reinvestment ( amounts not discussed yet) that you can quickly rebuild or reclaim that part of your life. This is something that is planned when things are back to full steam ahead.
I know I have been hard hitting with my lessons about investing and taking responsibility for your actions. However, we are not a benevolent society.
Nevertheless, behind all of that is a very compassionate BOD whose plans are in favor (English: favour)of the membership.
However, such plans are still on the "drawing board" until the BOD meets again.
Thus you understand why much is being kept in reserve until we recoup our position in the markets. Telling you of plans ahead just doesn't work because of the negative folks who are only here to cause problems. If it weren't for them then we would share more information with you.
If we knew for sure that everyone was on the same page we would write a great deal more on that page.
Meanwhile this "bunch of scammers" still refuses to take any money in until people are paid up. This "Ponzi" which stopped taking money in some time ago since it had "enough ?" and should have run away, is still here !
Mummy ! What are we doing wrong?
Well I see it is time for a strong coffee now. But at least all that is off my mind (and now on yours - it would seem ).
I bid my sincere thanks to you all for your perseverance and understanding, including my own family who sees the dull side as well as the shiny side.
Paul
Director for Communications