I know TakeAction has been giving you all the information that he is privy too, and has relayed to you much of our conversations regarding all the issues associated with EV.
His explanations have been very professional and accurate based on the circumstances at the time.
We have, in addition to current programmers working on the program fixes, hired the services of a programming company to fix and test all the problems with the EV script and the mail interface. They will also be doing some additional work that is required so we can fully account for all the dollars used and paid for from referrals.
I have realized that much of the problems associated with the program were created more by external forces than our internal interface problems, and were, to coin a phrase, “intentional”. A small node of information disappears, and it affects many other aspects of a program that depends on the credit and debits in an account, and is automated to self correct thereby perpetuating an erroneous account balance. Basically, one small issue can grow to be a huge mountain that seems unassailable, and is the ultimate goal of the originators to affect the disruption and disenfranchisement that results. The program issues exasperate the situation and bring us to this time and place.
I have asked the Master Trader to sell our short positions and return the funds to EV accounts, so when the program is up and running I can make payouts. I am hoping this will happen prior to Christmas. Our long term positions will stay unaffected and be used to generate the returns required to make additional payments as time progresses.
It is my greatest desire to make EV last for a long time and to rise from this tumultuous time stronger than ever. There will be changes made to best protect the interests of all, and to correct some of the problems that were made of our own doing because of our naivety in these online programs. There will be some who feel they were unjustly affected because of individuals who took advantage of the opportunity. No one person is being singled out as a result of our changes.
I ask you all to understand that the returns paid by EV, and those we will continue to pay, are far above what you would earn locally.
There is a desire by many to find the highest paying shortest term program there is, no matter the risk. We are unable to compete on a long term basis with these type programs, as they are not constructed for longevity. We must adjust our positions on all levels and look to longevity rather than mass appeal. I full expect 50% -60% of our investor base to dissipate upon the maturity of there plans because of our new policies. When this happens, and it will in the next few months, we will then have the true core group, and deal with them with a private type investment strategy that will be more rewarding.
I pray you all understand.
Best Regards;
A.DiSondrio