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Posted by: gg
We have just invested into PIPS.
Having signed up, we went to the forum to seek an exchange for egold
to Pic Pay.
We were contacted by a member there, they offered to send $930 picpay
for $900 egold. The exchanges then were done.
From there we processed the original $470 payment, and then puchased
an additional 19 units. We now have 36 units in PIPS.
SO bottom line - the remainder of the funds in MR have been placed in
PIPS. We will compound this 100% until we can pay out all of the
members who are in loss. This will take as long as it takes. If
Pips fails, so does this effort. You all need to understand that.
When and if more funds come into the MR account then they will be
added to the PIPS program. There is still $100 in the egold account -
we can only add to PIPS as and when exchanges to picpay are
available.
Both GG and I will be administering and monitoring the progress of
these funds.
This effort may take 12 months to generate all that we need, but we
will do what we can to ensure that anyone that spent to Managed
Returns receives at LEAST their money back.
Kiss and GG
Posted by: forwardone
That sounds a good idea, GG and Kiss. As you`ve already stated elsewhere the remaining $1,000 wouldn`t go very far in reimbursing members, so investing in what many consider to be one of the more dependable programs like PIPS is probably the best option. 
I`m sure we all wish you every success over the months with this venture.
Geoff
Posted by: gg
Geoff
If it works then that would be great.
We are already getting criticisms lolol Apparently we should have got a better exchange rate and so on.
Looks like we can not please everyone.
Posted by: forwardone
Ah well, I think the `exchange rate` thing is called being wise after the event. The main thing in my view is that you are doing something about the situation.
I don`t now see any point in asking you or Kiss to constantly keep updating us about what`s happening, because from my limited knowledge of PIPS much of it goes on behind the scenes, apart from adding new units as and when funds become available.
All I would ask of you is that if possible you return to the forum from time to time to give us a few updates, which I`m sure would be appreciated by members of MR, and of general interest to the membership here.
Geoff
Posted by: gg
I will always be happy to post updates.
We know we have run MR to the best of our ability and we are STILL trying on behalf of the members.