I will never endorse this concept with a good conscience! I will never recommend it! There are just to many un-controllable elements. This concept, in my opinion, is certainly not the pot of gold at the end of the rainbow!
I do find it suspicious that so many new members most of whom have aliases are suddenly promoting this concept instead of the ‘get a real job,’ mentality which I approve of!
You not going to get the thousands of members to join subscribe to this concept from TFSA. At TFSA, we ask the difficult questions and as you can no doubt ascertain are not at all dissuaded from making our voices a spublic as possible.
What you fail to realize is that you on public record! This record can never be deleted. So if things go south thousands of people will be expecting answers from you!
“Ubuntu is the essence of being humane" Desmond Tutu
Spelling mistakes and/or typographical errors I found in leading publications.Click here
sabbaticus
I think you miss read what I wrote, I clearly stated that some of the newly registered could be playing with i.p addresses, and you Joined Oct 2011 that hardly puts you in the newly registered category.
And yourself as, someone who has invested in the scheme, does it not concern you, that in a thread you started so many newly registered are praising the scheme though none of them have got their initial investment back yet, plus a profit?
Please note in no way I am saying that you are connected to the newly registered, or trying to insult you, I know your only connection with the newly registered is that you all have invested in the same scheme.
However I will state it loudly and clearly such returns on investment being claimed in this thread clearly point to a ponzi scheme.
Madoff
Five Key Elements of a Ponzi Scheme (From how stuff works)
The Benefit: A promise that the investment will achieve an above normal rate of return. The rate of return is often specified. The promised rate of return has to be high enough to be worthwhile to the investor but not so high as to be unbelievable.
The Setup: A relatively plausible explanation of how the investment can achieve these above normal rates of return. One often-used explanation is that the investor is skilled and/or has some inside information. Another possible explanation is that the investor has access to an investment opportunity not otherwise available to the general public.
Initial Credibility: The person running the scheme needs to be believable enough to convince the initial investors to leave their money with him.
Initial Investors Paid Off: For at least a few periods the investors need to make at least the promised rate of return - if not better.
Communicated Successes: Other investors need to hear about the payoffs, such that their numbers grow exponentially. At the very least more money needs to be coming in than is being paid back to investors.
Steps in the Ponzi Scheme
Ponzi Schemes are quite basic but can be extraordinarily powerful. The steps are as follows:
Convince a few investors to place money into the investment.
After the specified time return the investment money to the investors plus the specified interest rate or return.
Pointing to the historical success of the investment, convince more investors to place their money into the system. Typically the vast majority of the earlier investors will return. Why would they not? The system has been providing them with great benefits.
Repeat steps 1 through 3 a number of times. During step 2 at one of the cycles, break the pattern. Instead of returning the investment money and paying the promised return, escape with the money and start a new life.
You can not expect answers from me, you did not put your money into my account.
Thats the point you missing, I go with what I think can work for me..and I can afford to lose if it goes south
But what the hell gives you the right to claim anything from me? I did not say you must put your money, I did not make up your mind for you
I merely said there are other munerous entities out there that offers different options or services
And the best thing is that those sites have their respective contact details and its an indivuduals choice to make contact with them or do as much research as they want
SSS100, a drastic departure from your initial position of promoting this concept! You must apprecaite that you are promoting this concept. If things do go wrong for thousand sof South Africans, they'll need to address their complaints with those who are promoting the concept and encouring them to join. So if things do go wrong, I think that you the ideal person to deal with all the disgruntled poeple who tried this concept. It's not improbable that that day may come, and when such a day comes, at least we have you on public record. Potential angry investors will need to at the very least have an opportunity to have a meeting with you when things go South. Since you confident that this will never transpire, you should update your profile to such an extent that all South Africans can very easily trace you.
If you haven't already noticed this is a reputable site and we protect our Fellow South Africans here. Most of our names are on public record and therefore people such as myself can be very easily traced.. I wouldn't have it any other way!! In my opinion there's just too much alarm bells here. I don't beilve you! This is my final position! I also don't find you to be credible! In my opinion you attempting to get new members to join this concept and I suspect that you are failing dismally! Invest your own money in this concept, don't encourage others to do the same, as prima facie, if you do mislead anyone into elaborate returns and they don't get such returns then their complaints should be directed directly to you.
“Ubuntu is the essence of being humane" Desmond Tutu
Spelling mistakes and/or typographical errors I found in leading publications.Click here
sabbaticus
I wonder how many of these risk takers will be so open and up front to admit when they realise that they have been scammed.![]()
Excellence is not a skill; its an attitude...![]()
If you check or trace backwards you will realise that I got to post about the concept as I was going my research after having heard about it
There is difference there.
Having done my research, I made up my mind. And I have continuously stated on my posts that a person must do their own analysis and make up their mind
That is not promoting or discreting the concepts, but letting each one explore and decide on their own
I wouldn't get too strung out by the one post wonders, folks. This thread is getting a lot of attention and as a result it's bound to attract them.
The scariest thing to me is the way the search volume on Net Income Solutions is climbing. Defencex seems a relatively new version of this "scheme" by comparison, and yet, comparing the two.
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Participation is voluntary.
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I surely will be one of the first...if not the first to openly admit if I have been scammed
And I think Dave is right, the post got more than it was supposed to when I initially posted
Now sure how it works in terms of blocking it Dave?
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