Pages: 1
Private Mutual Equity Update
(Click here to view the original thread with full colors/images)
Posted by: admin
The latest on PME
________________________________________________
News Update, August 02, 2003
Welcome to all our new members this week! Payouts for this week have been completed. The rate for this week was 1.32%. All payments have been verified, so if you feel you have a missed payment, please use the contact form on the website to let me know. Be sure to include a copy of your original spend. Click Here for Contact Form
If you made a spend from July 26 on, you have already received your 10% bonus, and your first weekly pay will be August 09/03.
It was another good week this week, and the fourth straight increase, not a lot but it's growing at a steady rate. Our rates for the last few weeks have been:
July 05 - 1.20%
July 12 - 1.24%
July 19 - 1.26%
July 26 - 1.30%
Aug. 02 - 1.32%
I'd like to say I'm totally optimistic that this weekly increase will continue, but the truth is at the moment I just don't know. A couple of people have asked me how the situation at VBU will affect PME, and I can't answer that yet either. The truth is, (and I'm not going to sugar coat this) that in the short term we will be affected resulting in lower rates for the next few weeks. How low? That I can't say until we see what the fallout in terms of other programs is. My feeling is that it will take about a week to see just how many other admins out there use this as a reason to change their payouts, or as an excuse to close up shop. As for me, let me just state for the record that I'm not going anywhere. Some changes may have to be made, but at the moment I'm not planning anything until I see what happens in the next couple of weeks.
And now ... are you ready for some good news? A few weeks back I mentioned that I had taken one of my own personal accounts, and turned it into a reserve/supplemental account for PME. Well, I'm very pleased to say that after a month of saving/re-investing on a 50-50 split, the first PME Bonus payments were sent out tonight. At the time I created the fund, I hadn't decided exactly what to do with it, except to use whatever had accumulated at the end of 30 days to meet the goals of getting our members into profit, paying off old spends, building up a reserve, and pumping up the investment account. What I finally decided is that I want to use these extra funds to get everyone into profit, especially the older members who have been so patient throughout all the rebuilding. So this month's bonus payments were paid out to members who spent between January 15th and 25th to bring them up to 100%. That means that all spends up to and including January 25th are no! w in profit 
The next batch to be worked on is January 26th to 31st. As soon as there's enough in the account to bring all the spends from those dates up to 100% another batch of bonus payments will go out.
I know I've been a bit long-winded this week, but I wanted you to know what's going on. That's it for this week except ... if you haven't signed up for the forum yet, please do so and take a minute to post a positive comment when you get paid. Every comment helps visitors to the site know that we are here and paying, and intend to be for a long time to come Click Here to Signup to Forum
Have a great week everyone! Thanks for being a PME Member
Ruth