I got this new update from Wealth 4 all this morning in my email and I really think this is some good news:
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Dear Juan ,
This is the latest update dated September 20, 2012 @ 11:00pm.
We again than you for your patience and for being valued members of
the wealth4allteam family. We love and appreciate all of you and look
forward to keep working together well into the future.
There is a lot of information that we need to talk about on this
update. We have been working day and night (literally) to complete the
many tasks that are in front of us and ahead of us. The good news is
that we have made great strides and have a much firmer direction in
which we can keep moving forward.
Please understand, as you will see in this update, that there is some
information we had, but we could not share until we were assured it was
accurate and feasible information. We do not want to pass information
along to you that we cannot deliver on. So, with that said, let’s start
the news Update.
1.- Wealth4all will re-open its doors ! yes you heard it right, we
are re-launching the program again but this time we are looking for a
home overseas where the laws that govern our kind of business are
friendlier and will allow for the business to last a long time without
the fear of being shut down. We are contracting with a firm that
specializes in setting this up and as of right now, we are looking at 2
to 3 weeks before re-opening our doors to the world. There will be some
changes to the comp plan (we will explain those changes next week on
another update as they are completed) but it will be still by far, one
of the best programs on the internet and a great income opportunity.
2.- Our preliminary accounting of the system has been finished and we
can now give you some of the details in regards to your e-wallets.
Based on the fact that the program will re-open and everyone is invited
and can participate as before, here is how we are going to cash-out your
account to the e-wallets in Wealth4all. (Please understand we are not
talking about I-payout but about your welath4allteam.com back office e-wallet)
A.- Members who have withdrawn 150% or more of their deposited amount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withdrawn over 700% of their initial deposit amounts.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B.- members who have withdrawn a portion valued at 125% of their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.
3.- TAP earnings and re-purchase values. We are still evaluating
this area and are coming up with a fair way to compensate everyone for a
percentage of those earnings, TAP values and re-purchases. The reason
we know it will be a percentage is because of the fact that new money
has not been generated from sales of TAPs and because of the fact that
the majority of people have indeed taken out more money than what they
had deposited. We still feel that to be fair, some compensation is
needed in this area and we are trying to figure out how we are going to
do it. We may end doing a PSU payout as we did last time so people can
get paid on those values based on the profitability of the company as we
go along and the payout will be limited to the amount we deem as owed
to the member based on their individual account. Again, we are working
on this and will be announced as soon as we make that decision.
4.- I-payout account balances and withdrawals: We are right now
going over the I-payout accounts and reviewing the latest withdrawal
batch that was made before the shutdown. Please understand, our
withdrawal payouts are done on a batch system and anything that was
withdrawn the day before the shutdown did not get approved to go into
the e-wallets until the next day and then that payout would have had a
final approval at 5:00pm EST for release. That is why, that payout was
held and not released.
Now, we will release the money from that last withdrawal batch using
the same formula that we used for the cash-out. If you have withdrawn
150% or more out of the system and you had a withdrawal request, then
that request will be cancelled. Anyone else under that threshold will
be paid for their withdrawal. You can expect to receive that very
soon. We anticipate two or three days before we release it as this is a
manual operation and there are over 1200 requests on that last batch.
Also, many of the people that had made deposits into I-payout right
at the end or even after we closed the site will see their money
returned to them using the same method that they used to put it in the
system. That operation has already started and we have had many of you
report that you indeed received those funds back into your accounts.
For the others that have not received it yet, please have patience and
understand that once the money leaves the I-payout system it is in the
hands of the federal banks and Credit/Debit card processors and we have
no control over them. ALL of those funds have been returned and are on
their way.
5.- Weekly calls will start next week. Along with the emails and
recorded update calls, we will also re-start our weekly calls next
week. We are deciding what days to do them. We are thinking Tuesdays
and Thursdays as it divides the week nicely. You’ll hear from many of
us on those calls depending on the updates we are giving at the time.
There will be a time for questions and answers but it will be limited as
we cannot be on these calls for hours on end as work needs to be done
so we can complete our tasks and re-launch successfully. We will make
an announcement via email by this weekend.
Well, that was a long update but that is about half of the things we
are working on. The other half is all the work going on the Genesis
project which is advancing beautifully and on time. We will update you
on that at a later date. Please understand that this information is
meant for our members and that we are trying our best to return to
everyone a program that they loved and is successful. The current
environment here in the US does not allow for that to happen and that’s
why we are looking at the alternatives. There is no other reason and we
want to make sure you understand that.
We hope that you see the reasons we are doing things the way we have,
and we ask you to have patience and stay the course with us. You will
again see that the results will be worth the wait, and this time even
better than before not only with the wealth4allteam program but then
with the new launch of the Genesis project. The future looks bright and
we are happy you are here with us.
Thank you,
Wealth4allteam Management
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So they are going to re-open this great business and I'm more than happy with this announcement. Let's hope for the best! I would love to see Wealth 4 all going back online ;)
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