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A.- Members who have withdrawn 150% or more of their deposited amount will not receive a cash payout to their e-wallet as they are considered paid. We found that the average of those in this category to have withdrawn over 700% of their initial deposit amounts. We believe that is more than fair compensation.
B.- members who have withdrawn a portion valued at 125% of their initial deposit, will see the difference of the initial deposit and the withdrawn amount back into their e-wallet. This approach accounts for a generous 25% profit to this group out of cycled earnings.
C.- members who deposited funds and were not able to withdraw ANY of their money out before the temporary shutdown, will see ALL of their deposit put back into the e-wallet. Most of this group has not cycled more than twice in the system
This takes care of the cash-out to e-wallets in the wealth4allteam back office. You will be able to go into the back office and see the amount placed in your e-wallet account by no later than Wednesday September 26th, 2012.
A.- Members who have withdrawn 150% or more of their deposited amount will not receive a cash payout to their e-wallet as they are considered paid. We found that the average of those in this category to have withdrawn over 700% of their initial deposit amounts. We believe that is more than fair compensation.
B.- members who have withdrawn a portion valued at 125% of their initial deposit, will see the difference of the initial deposit and the withdrawn amount back into their e-wallet. This approach accounts for a generous 25% profit to this group out of cycled earnings.
C.- members who deposited funds and were not able to withdraw ANY of their money out before the temporary shutdown, will see ALL of their deposit put back into the e-wallet. Most of this group has not cycled more than twice in the system
This takes care of the cash-out to e-wallets in the wealth4allteam back office. You will be able to go into the back office and see the amount placed in your e-wallet account by no later than Wednesday September 26th, 2012.
dah pulih dr deman.mari mari wd...tengok siapa yg kena
OK I have had a chance to go through the recording a couple times just to make sure I completely understand everything that was said. Now with doing that there are still quite a few questions that I will need answered as we move forward. Here is a breakdown of the conference call as I understand it. I apologize now for the length of this email but I want to make sure I leave nothing out. I do strongly suggest that EVERYONE take the time to listen to the recording at least once to get more understanding. The call was broken into 3 sections so that is how I will present this email.
1. Wealth 4 All
- Wealth 4 All as we know it NO LONGER EXISTS
Based on legal advice and sustainability issues Wealth 4 All can no longer operate as it was and the decision was made to completely drop this model
- Access to our Wealth 4 All back office will remain intact. We all can go there to see what amount of money we have available to us and also to see what dollar amount our AU(advertising units) will pay us. Depending on the available amount of money you have in your cash balance you will be able to immediately withdraw based on this criteria: If you have less than $50 cash balance available you can withdraw that total amount. If you have between $51-$200 you can only withdraw upto $20 immediately and if you have a cash balance of $201 or more you are only illigible to withdraw 10% of your cash balance immediately. The next payout date will be November 15/12 and the amount available to withdraw on that date is not known at this time as Victor did say it will all depend on profits brought in and could be anywhere from 10% again all the way up to the remaining 90%.
- Active AU's in your back office have been converted into an actual dollar amount. so as an example if you had 1000 active AU's in your account when the system shut down you will now see you have $900 in Advertising Unit Value(as we all know we only receive .90 for every active AU we own). The way this will be paid out is the company will take 10% of its monthly profit each month and pool that money to pay out the AU Value for each member monthly until all of your AU value has been paid out. What percentage will we receive each month is not known at this time.
- PMA(Private Membership Association). Everyone should have received min. of $1.00 in their cash balance. For all existing members it will cost $1.00 to join the Association. You MUST be apart of the association to receive any monthly payout for your AU value. So I HIGHLY RECOMMEND everyone go into their back office and pay the $1.00 to join the membership and then read and sign the contract to join the membership even if you do not want to proceed with the new company because again without joining the membership you WILL NOT be entitled to any payouts from your AU value. To pay to join the PMA simply go into your back office and click on MAKE PURCHASE and you will see the drop down menu(JUST LIKE WHEN YOU WERE PURCHASING TAPs) and pay the $1.00, then go to were it says PRIVATE MEMBERSHIP AGREEMENT--CLICK HERE and read the agreement and fill in your name at the bottom.
- Founders Shares. Founders shares cost $25 each and can be purchased from the cash available in your cash balance or you can fund your cash balance from IPayout to purchase these shares. If you purchase Founder Shares before Oct 20/12 you will receive a 10% bonus amount. ex you purchase 4 shares before Oct 20 you will be credited with an addition .4 bonus giving a total of 4.40 shares. The company will take 15% of their profits monthly and put it into a pool and then will divide that amount by the number of shares bought in total and you will receive an amount per share each month. You will continue to make monthly founder share income for as long as you are a member. They said they will be putting a cap on the amount of shares sold but as of this writing I do not know what that total is. After they have finished paying out the total amount of AU's they will add that 10% into the Founder Share pool each month. Again you MUST be a part of the membership to earn from Founder Shares.
2. PRIMUS HUB
This is the name of the new business. Basically Primus Hub will feature many separate businesses within the HUB. The ones mentioned on the recording are: Primus Social, Primus Auctions, Primus Marketing and Primus Mall and they said the potential for more.
- Primus Social. This the MAIN Business in the HUB that basically everything flows through. It will be a Social Site but with added features. You will be able to have upto 4 profiles(Personnel, Business, Family and Blogs). There also will be widgets that will aloow you to connect to facebook, twitter, etc as well as bank accounts and many other sites of your choosing. Built into the social site will be a compensation plan. This will be a 2 x 20 matrix and the cost to join Primus Social will be $12.95/month. This matrix will be a company forced top to bottom, left to right matrix which will allow you to earn on both direct and indirect members. The payout for each level as not been made public yet. In order to earn from the matrix you must have personally enrolled 2 people which will allow you to earn on your first 5 levels. Enroll 2 more people and this will allow you to earn from level 6-10 and finally enroll 2 more people and this will allow you to earn on levels 10 thru 20. They mentioned they will have rotators and coops available to everyone to help enroll people(costs if any not known).
- Primus Auctions. I think it is safe to say that by now most people know what a penny auction is and how it works. With Primus Auctions you will earn 10% on the amount of bids your personnal enrolled members OR customers purchase. Also if one of your personally enrolled members or customers were to win an auction you will also receive 50% of the retail value of that product. EX if you enroll Johnny and he wins a computor system that has a retail value of $1000.00 you will receive a commission cheque for $500.00 which is 50% of the retail value. They plan on having a wide variety of items for auction with emphasis being on Huge Travel packages, Golf packages etc. Bids will cost $1.00 for the higher priced items and $0.65-0.75 for everything else. Another nice feature of Primus Auctions is they will return to all people who bid on items and lost 10% of the bids they used. Lastly they will also feature dollar days or Free days. What this means is if someone wins a trip with a $2000 winning bid on dollar days they will not have to pay the $2000 but will only have to pay $1 for that item and on Free days will not have to pay anything.
- Primus Marketing. A complete array of marketing tools and platforms will be available including complete training on how to use all of these. Marketing packages will will vary from FREE upto $39.95 -$59.95 which you will also receive commissions on if your enrollee decides to purchase.
- Primus Mall. There will be a mall embedded into the Social site so everyone can buy brand name products at a very reasonable and low price. Pricing will only be marked up 10-15% from cost so will be very competative with all other online stores. Once again commissions will be paid if your enrollee or customer purchases from Primus Mall.
There will be more businesses added to the HUB as we move forward.
OK, well that wraps up the 2 1/2 conference call in a nut shell. with that all being said here are my thoughts:
I do feel that the business presented to us- Primus Hub will be a business that will be very successful however in order to to gain the most earners you will have to do some work and enroll members under you. They do give options for this to happen with rotators and coops within the business. Also even if you cannot enroll people since this a company forced matrix you will earn from indirect members being placed below you. However, I do have concerns with the Founder shares and I personally will not be purchasing any. Here is my reasoning: Each share costs $25 and without knowing how many shares are being sold and knowing that when the company was giving PSU(Profit share unit bonus to members that where in the company when they restarted in January) the most it paid out was .47 per share, I feel it will take a very, very long time to break even and then even longer to profit. I realize there is much greater profit potential with the auction and such but for me I feel I could use the money I would spend on Founder Shares to better use to make profits quicker and longer. Again this is just my observation.
All in all I do recommend everyone minimally join the Membership and sign the agreement to be elligible for your payouts. I also recommend to everyone to join Primus Hub and have a look around and join Primus Social for only $12.95 and work the business and join the coop or rotator if needed as because I see a very profitable business presented to us that will be around for along time.
I will be sending out my link to all my downline as soon as I have joined and I do ask that when you join you join with this link.
I hope this email has helped clarify the changes and help you understand the new program moving forward. Please feel free to send me an email to ask any questions you have and I will do my absolute best to answer them.
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