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Nairaland Forum / Nairaland / General / Investment / MMM Blocks Withdrawal Of Funds For One Month! (129343 Views)
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Re: MMM Blocks Withdrawal Of Funds For One Month! by Hiploko(m): 7:34am On Dec 13, 2016 |
KnightOfLaif:when new people can't be registered, how will people be matched? 9 Likes |
Re: MMM Blocks Withdrawal Of Funds For One Month! by nnachukz(m): 7:40am On Dec 13, 2016 |
But I just I got matched to get help. Lucky me. Make the paddy pay me sharp sharp. 1 Like |
Re: MMM Blocks Withdrawal Of Funds For One Month! by MzMercie: 7:47am On Dec 13, 2016 |
nnachukz: Are u serious? Did u click on get help this morning? 1 Like |
Re: MMM Blocks Withdrawal Of Funds For One Month! by eightsin(m): 7:58am On Dec 13, 2016 |
nnachukz: If na u b d paddy, u go carry you two legs go pay for thus kind period and with this kind news? 23 Likes 1 Share |
Re: MMM Blocks Withdrawal Of Funds For One Month! by Seun(m): 8:02am On Dec 13, 2016 |
Yes, this is not surprising. Many Nigerians would want to withdraw funds for the holidays. 15 Likes 2 Shares |
Re: MMM Blocks Withdrawal Of Funds For One Month! by Boring: 8:06am On Dec 13, 2016 |
itunity007: LMAO funny guy 2 Likes |
Re: MMM Blocks Withdrawal Of Funds For One Month! by bestspoke: 8:08am On Dec 13, 2016 |
And what exactly do they think will happen after the pause mode.....Every body ...will Click the Get Help button.. They forgot Nigerians don't have that kind of chill...smh 10 Likes |
Re: MMM Blocks Withdrawal Of Funds For One Month! by bestspoke: 8:09am On Dec 13, 2016 |
Seun:And what exactly do they think will happen after the pause mode.....Everybody will Click the Get Help button.. They forgot Nigerians don't have that kind of chill...smh 5 Likes |
Re: MMM Blocks Withdrawal Of Funds For One Month! by bestspoke: 8:09am On Dec 13, 2016 |
eightsin: lol...when them no Jazz am ![]() |
Re: MMM Blocks Withdrawal Of Funds For One Month! by Nobody: 8:10am On Dec 13, 2016 |
FOLYKAZE: That site has a way of committing someone. Many people are still paying into up to this moment. That is the need to use ur spare cash |
Re: MMM Blocks Withdrawal Of Funds For One Month! by Nobody: 8:12am On Dec 13, 2016 |
Seun: I got paid 200k yesterday. Nigerians got no chill 2 Likes |
Re: MMM Blocks Withdrawal Of Funds For One Month! by Nobody: 8:12am On Dec 13, 2016 |
Gwilld: mtcheeeew! relax 1 Like |
Re: MMM Blocks Withdrawal Of Funds For One Month! by DozieInc(m): 8:13am On Dec 13, 2016 |
futureenergy:True, Mehn am suppose to GH today, no problems it's for the general good. 3 Likes |
Re: MMM Blocks Withdrawal Of Funds For One Month! by Aburi001: 8:13am On Dec 13, 2016 |
Chukzyfcb:Sorry bro. ....life is all about RISK 5 Likes 1 Share |
Re: MMM Blocks Withdrawal Of Funds For One Month! by otokx(m): 8:14am On Dec 13, 2016 |
Its nice to see that Nigerians are not moved by this act. 2 Likes |
Re: MMM Blocks Withdrawal Of Funds For One Month! by CXLVII: 8:14am On Dec 13, 2016 |
Some people re about to be duped! When this happens, the rate of suicide, heart attack, loss of memory and unexplicable death will sky rocket. The dooms day when y'all money will evaporate is unavoidable. In fact, it's a fall y'all know will come. 8 Likes 1 Share |
Re: MMM Blocks Withdrawal Of Funds For One Month! by Basi123: 8:15am On Dec 13, 2016 |
This break is a "cut the hand and save the body" policy... Initiated by MMM. I was sad previously, then I understood finally. We'll all agree that the rate at which money would be extracted by millions of participants this December would be way to much... That's why the increase the mavro, from 30 to 50%. Apparently, the rate of help provided was inversely proportional to the expected estimation. So, they pause was necessary. Why do u feel ultimate cycler couldn't cope, and had to melt down for a while, as they said. The same would have occurred to MMM dis yuletide and hence the pause was necessary. Am no guider, just a regular dude who wanted to cash out his thousands today.. Let's just stay optimistic. I spoke to a guider too, he said the same. Don't panic, it'd be alright, come January. 5 Likes |
Re: MMM Blocks Withdrawal Of Funds For One Month! by Aburi001: 8:17am On Dec 13, 2016 |
Chekitaut:And 2 of my friends just invested #1 million naira each 29 days ago.....Omo see Gobe! ![]() ![]() ![]() 11 Likes |
Re: MMM Blocks Withdrawal Of Funds For One Month! by toprealman: 8:17am On Dec 13, 2016 |
Chukzyfcb:lol |
Re: MMM Blocks Withdrawal Of Funds For One Month! by hekinz82375(m): 8:17am On Dec 13, 2016 |
Mmm |
Re: MMM Blocks Withdrawal Of Funds For One Month! by Alanzazani: 8:18am On Dec 13, 2016 |
juli4dad: Bro baba God dey my side o. this pipo fotlr freeze my 150k. Dem block me but i no send them. make i change line of hustle.they froze my friend's 200k wey en collect from bank. chai. them don scatter people plans 3 Likes |
Re: MMM Blocks Withdrawal Of Funds For One Month! by Nobody: 8:18am On Dec 13, 2016 |
fratermathy:I have been following your replies, you are so on point, even in the case of "plan well", there were offices and it still went under with people's money, so I wonder if this their site doesnt unfreeze, who or how they intend to get their money back? 5 Likes |
Re: MMM Blocks Withdrawal Of Funds For One Month! by 20dollarblogs: 8:18am On Dec 13, 2016 |
For those who have looked into Sergey Mavrodi’s past Ponzi schemes, what’s happening now shouldn’t come as any surprise. The mathematics of paying out more than is invested can only last so long. In a Ponzi points model you can bullshit your investors for a bit by paying them monopoly money. However in a gifting model, funds paid in and re-invested are immediately paid out to existing investors. Over time the majority of invested funds slowly make their way to initial investors, who have grown balances large enough that over time have withdrawn far more than they initially invested. Time also sees this pool of investors grow exponentially, until math catches up to the scheme and it collapses. Again, there’s no monopoly money barrier with gifting payments. A lack of reinvestment at the top-end sees the bottom of the scheme starved of re-invested funds, which means nobody gets paid. And that’s pretty much what’s going on now in MMM Nigeria. Suspending outgoing payments for a month within the scheme might see withdrawals resume at some point, but sooner or later they’re just going to run out again. That’ll see another pause in withdrawals, with each progressive restart collapsing faster and faster. MMM Nigeria investors now have a choice to make: You can either face the reality, or continue to hope against hope that Mavrodi has defied the laws of mathematics and MMM Nigeria will pay out in perpetuity. 18 Likes 1 Share |
Re: MMM Blocks Withdrawal Of Funds For One Month! by Nobody: 8:18am On Dec 13, 2016 |
eightsin: If the paddy doesn't pay, they will kill his account, maybe he has some money already there. So he will definitely pay unless he is a new member. People that are in there up to a year now doesn't panic 1 Like |
Re: MMM Blocks Withdrawal Of Funds For One Month! by abfalkolly(m): 8:19am On Dec 13, 2016 |
Moblord:Stop saying nobody loses money in MMM!!some pple mst lose money..the 30% givin after 30days without any investment will come from heaven abi?..ph by some pple have been used to GH to others..when u ar using capital to pay interest...wht happen when u could nt source for more capital? 7 Likes |
Re: MMM Blocks Withdrawal Of Funds For One Month! by Osama10(m): 8:20am On Dec 13, 2016 |
Hmmmn. 14 Likes
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Re: MMM Blocks Withdrawal Of Funds For One Month! by holocron: 8:20am On Dec 13, 2016 |
FOLYKAZE: And they will put the blame on the media, as always. 4 Likes |
Re: MMM Blocks Withdrawal Of Funds For One Month! by aku626(m): 8:20am On Dec 13, 2016 |
This MMM thing has always been a risk. There is an opportunity for it to still work in January. To be honest we are facing this because GH is getting greater than PH and at the moment this is stabilized things would continue the panic is normal but think about it. what do they gain by shutting down? we are only hurting ourselves by saying we want to leave honestly. The same I believe would happen to banks this season but there is Central Bank to Help. I'd say this scheme has given people hope if we all stop PH-ing we are all going to hurt one another. Its up to us to keep it alive 1 Like |
Re: MMM Blocks Withdrawal Of Funds For One Month! by onatisi(m): 8:20am On Dec 13, 2016 |
Mmm don spoil Christmas for many ppl. Many have even budgeted to use mmm money for their wedding ceremony. 4 Likes 1 Share |
Re: MMM Blocks Withdrawal Of Funds For One Month! by dee02(m): 8:21am On Dec 13, 2016 |
abfalkolly: Dont mind the daft cun.....t! |
Re: MMM Blocks Withdrawal Of Funds For One Month! by osolee(m): 8:21am On Dec 13, 2016 |
Even if you PH today, you won't get match till January 12,2017...so make una relax ![]() ![]() 3 Likes
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Re: MMM Blocks Withdrawal Of Funds For One Month! by Nobody: 8:21am On Dec 13, 2016 |
abfalkolly: You don't understand the system and don't try so hard. That guy is a genius 1 Like |
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