Update From TFT

Here is a rather disappointing news from Andy. But don't dispare yet, things may not be as gloom as it seems. According to Andy, the old system that TFT is using to generate revenue may not be sufficient to substain it's payout as he seems to be using some of the new investor money to make payout. He proposed a new plan and that is to diverge all the money into the Private Placement Program. He will be closing the site temporarily on 3rd Jan 07 and will begin paying off all investor on 31th Jan 07 with the same ROI of 180%. Here is the update:

"There is going to be a twofold change to TFT.

We have had a few problems with the earning vehicles used for TFT. My sense of why is connected to the recent actions of e-gold and a perceived dropping of confidence in them. Comments by many that e-gold was going to close has added to the general decline. While this is not my position - the way that we used to generate returns has been steadily dropping. Looking for the right alternatives is a daily process.

Steadily dropping returns has meant that some incoming were used to pay existing obligations.

The decline started early December and accelerated throughout the month. This has caused a cash flow issue .

Within the HYIP arena there are such things as private placements - they tend to be "those things you hear about but never actually eventuate." My reading and research has shown them to be real - but previous to now I have not been able to access one directly.

This has changed over the last little while.

The reality part is that I cannot say a whole lot about it but I can assure you and reassure you that I have done my homework.

This opportunity (high risk though it is) is one that I plan to capitalize on.

The downside - the placement fees are high - we are talking serious money here.

So after much discussion here is what I am going to do.

All available TFT funds are to be diverted to this opportunity. This amount still does not meet the minimum required so the following will happen.

Payouts will stop - for the course of the trade.

TFT incoming spends will go to the placement.

TFT will close on 3 January (1 week)

ALL spends (all existing/outstanding ones + all new ones) will be paid in full as of January 31.

To be clear - no more TFT payouts till Jan 31 then EVERYONE gets paid.

Additionally a place in the forum will be set up for those who wish to participate more directly in the placement. Access to that is going to be at my discretion. I cannot empahise enough that this is a private offer. I cannot and will not dicuss publicly.

Participation will be via e-gold - that doesn't change.

Maximum amount to invest is under review.

One more thing - once the amount needed to participate is reached all offers will be closed. We will not accept more than we need. Period.

Now this is not a "going private" thing. It is an opportunity to pool funds to participate in a private arrangement.

I also know (extremely well) that this is going to cause some discussion dissention crtiticism etc. I accept that - just as - on opening the program I accepted the responsibility to generate the returns to you in the most efficient manner possible.

To head off queries -the most obvious being could TFT continue - based on the current (right now) trend - No. Could we trade out? I was and am going to try - and this is the option I have decided upon.

Are refunds available - No they aren't.

I had previously stated that if and when TFT closed everyone would be happy. This closure is sooner than I thought - but I am adjusting to the circumstance.

It is my real belief that although the delay of payout until 30 days may cause some (a lot?) of pain for some, the fact that the program will payout every member in entirety is a plus.

Now the other thing I need to mention. I reckon you have heard this spiel before - I think I have heard things along similar lines. Why should you believe me? To answer that I can only say that I am going into this trade openly and will keep people posted along the way as to progress. I am not closing the forum - nor XLO (which is it's own distinct program). I am working to provide each and every one of you the return you were after - circumstance has dictated that this will take longer than originally thought.

In closing - I take full responsibility for this decision. I understand that is not going to be popular to all - but it is my thought out and considered opinion that it is the best option for everyone.

Your comments are always welcome.

Andy"

Here are some replies from Andy:

"This is not posted in anger - it is posted in empathy. you chose to high risk and you chose me to manage it. I am keeping my end of the bargain - and doing it the best way that I can. I understand your anger - but I will ask you - do you really think I would be here like this if I thought the whole world was going to stop?
BTW yeah I have been bits n pieces of PP too and from my reading of them what I was in vs what I am offered are two different things.
Not here to calm you down - I am here to make this work"

"First comment and this answers many of the points here. Could you please re read the announcement. Please?
To clarify. TFT funds now + TFT funds that I get + placemnent funds I get all pool together to meet the trade figure. Consider it this way - if you want to be in the placement - and you have an outstanding spend in TFT - you are in. If you want to put more in then you have 5 days in which to do so. If you want to find out more about the placement - and to the person who posted re caution yes I am being VERY careful - this is not a snap decison - anyways to find out more I will have a separate folder tomorrow.
To anyone who thinks TFT is dead no its not its closing - its not dead.
Consider (before anyone asks) February exists ... as does March.."

"I got Ms Beverlys message - much appreciated it was too.
I donlt expect to come out smelling like roses.. but I do know that what I am proposing is not an "end game".. It is a finalisation of a chapter - the book goes on..
ROI - 180%"

"Read the whole thing another way (just a susuggestion)
The last TFT spends will be accepted on Jan 3. All existing and future payouts will be made Jan 31.
A separate program is opening - details to be posted privately. Payouts for this will be made Jan 31st at 180%.
I submit I could have told you just the above. It may have been easier for everyone to accept.
Because in a nutshell this is what is happening."