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Nairaland Forum / Nairaland / General / Investment / MMM Blocks Withdrawal Of Funds For One Month! (130159 Views)
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Re: MMM Blocks Withdrawal Of Funds For One Month! by jollymizzle(m): 8:54am On Dec 13, 2016 |
You don't need a crystal ball to know something isn't right with the world. A participating friend stopped by my place to discuss this crash and thankfully it was on a happy note as he had already withdrawn his 'investement'. While outside I, could 'feel' the signs that things had gone wrong for some pple. One of my neighbors almost ran two pple over. While another neighbor of mine didn't even reply my greetings. None smiled at me. Even as pple reassure each other here that the crash is temporary my advice is anyone who has some amount invested should move on. It was a given that it would crash 9 Likes |
Re: MMM Blocks Withdrawal Of Funds For One Month! by alizma: 8:54am On Dec 13, 2016 |
Basi123:sorry bro, do you know what Yoruba call Ode? what you just put down is enough to tell you, if only you can reason deep, that the MMM is a pool of debt that will certainly crash even if not now. I thought they said the contribution is between member to member and MMM is not holding anyone's cash, if that is true and the 30% interest is real why should MMM prevent people from withdrawing what they "rightly" have? what do we call a bank that tell it customers to stop withdrawal of their money until certain period? BANK IN DISTRESS wake up! MMM IS IN DISTRESS 26 Likes 2 Shares |
Re: MMM Blocks Withdrawal Of Funds For One Month! by uwalakathankgod(m): 8:54am On Dec 13, 2016 |
chia my money oooii |
Re: MMM Blocks Withdrawal Of Funds For One Month! by HOMOTOYOSI10: 8:55am On Dec 13, 2016 |
dacool1: to the fg I say thank you 1 Like |
Re: MMM Blocks Withdrawal Of Funds For One Month! by demolaxl(m): 8:55am On Dec 13, 2016 |
Re: MMM Blocks Withdrawal Of Funds For One Month! by wristbangle: 8:56am On Dec 13, 2016 |
naijaboiy: Am telling u 3 Likes |
Re: MMM Blocks Withdrawal Of Funds For One Month! by Rilwayne001: 8:56am On Dec 13, 2016 |
elfico: The bolded is exactly the truth. Whether or not it resumes in January the scheme will crash, for the rate at which people will flee from it will skyrocket. Those expecting to get help by then will wait tire because no one will want to further take the risk of providing help. The scheme crashed as soon as this news broke out. 3 Likes |
Re: MMM Blocks Withdrawal Of Funds For One Month! by avadella(f): 8:56am On Dec 13, 2016 |
Nothing much |
Re: MMM Blocks Withdrawal Of Funds For One Month! by Nobody: 8:56am On Dec 13, 2016 |
See traffic!! |
Re: MMM Blocks Withdrawal Of Funds For One Month! by badinfluence: 8:56am On Dec 13, 2016 |
What i think.. Mmm would be back, but that would be the beginning of the end. The faith of the participants would be increased, making them pump in more money. Then, boom... That's when it crashes.. 1 Like |
Re: MMM Blocks Withdrawal Of Funds For One Month! by markpenk: 8:56am On Dec 13, 2016 |
Unless a significant number of those GHing are actually pseudo identities created by the company itself and tied to a few ACCTS around the country thus making it easy for them to cash in big time. . Same thing applies to those using bitcoins. Just thinking out loud, didn't mean to alarm anyone. epistleNow: 2 Likes |
Re: MMM Blocks Withdrawal Of Funds For One Month! by Esther99(f): 8:57am On Dec 13, 2016 |
OgidiOlu3:says who? Just that you haven't reach that level |
Re: MMM Blocks Withdrawal Of Funds For One Month! by Ayoemrys(m): 8:58am On Dec 13, 2016 |
FOLYKAZE:,why would they run away,are they the one hold your or any participants money,think well its for the participant benefit, your money is intact you will GH as soon as they unfreeze it,you are only giving the media power by doing this,don't panic,talk to your guider instead |
Re: MMM Blocks Withdrawal Of Funds For One Month! by prime5052(m): 8:58am On Dec 13, 2016 |
Culin:Thats a lie,mavros will still keep growing 2 Likes |
Re: MMM Blocks Withdrawal Of Funds For One Month! by Nobody: 8:58am On Dec 13, 2016 |
FOLYKAZE:many won't see it... you are talking to a set of "greedy, unintelligent" folks. How did they come to know that many people will want to take money for xmas. It's supposed to be an investment as claimed, festive seasons, yuletides are not supposed to affect investment. Their claims are very illogical if you ask me. The worst part is they won't have new members because of this and would get worse. 10 Likes 2 Shares |
Re: MMM Blocks Withdrawal Of Funds For One Month! by bikefab(m): 8:58am On Dec 13, 2016 |
Just imagine! First was ultimate cycler, now Mavro, and my money is hanging on both schemes. How I wan take buy my Christmas rice? I taya o. 10 Likes 1 Share |
Re: MMM Blocks Withdrawal Of Funds For One Month! by Nobody: 9:00am On Dec 13, 2016 |
Get help worldwide is the best Guiders drained mmm Pm me to join 6 Likes |
Re: MMM Blocks Withdrawal Of Funds For One Month! by Lamborghini(m): 9:00am On Dec 13, 2016 |
Rilwayne001: Shut up! Shut the fvck up! We all know the reason for your bad belle is because u could not participate because your religion forbids it. Stop wishing for peoples downfall OK? 2 Likes |
Re: MMM Blocks Withdrawal Of Funds For One Month! by Rilwayne001: 9:01am On Dec 13, 2016 |
epistleNow: And do you think those people would ever want to pay again? In my opinion, i don't think so, because they have nothing to lose as a matter of fact. |
Re: MMM Blocks Withdrawal Of Funds For One Month! by otokx(m): 9:01am On Dec 13, 2016 |
princeofpeace22: They will join after January 12 so be patient. |
Re: MMM Blocks Withdrawal Of Funds For One Month! by blaise01(m): 9:02am On Dec 13, 2016 |
gook:That's it. One month instead of 2 weeks freezing but people have decided to twist the info to mean, u can't get help even if u were 30days old and due. People should read meaning into messages before creating panic. |
Re: MMM Blocks Withdrawal Of Funds For One Month! by Nobody: 9:02am On Dec 13, 2016 |
otokx:ok |
Re: MMM Blocks Withdrawal Of Funds For One Month! by Lamborghini(m): 9:02am On Dec 13, 2016 |
Secrets11: I think Mynd44 put this thread on front page. He even tried becaus he didnt twist the headlines, he told the truth that the thing was frozen for only one month. Thank you mynd44 for considering us and telling the truth. Other mods would have said Mmm have crashed and run away with people money. You are a good person. 1 Like |
Re: MMM Blocks Withdrawal Of Funds For One Month! by Nobody: 9:02am On Dec 13, 2016 |
MrMcJay:hehehehehe.... simple as this. Folks are comparing to Dec 2015. Was MMM this popular then? MMM was not even on NL 2015. It's dead already. 1 Like |
Re: MMM Blocks Withdrawal Of Funds For One Month! by MichaelSokoto(m): 9:03am On Dec 13, 2016 |
wit d kind of comments am reading its Krystal clear DAT we have more envious ass-pained devils in human forms as Nigerian citizens. haba! is it ur money? 8 Likes 1 Share |
Re: MMM Blocks Withdrawal Of Funds For One Month! by ewosk: 9:03am On Dec 13, 2016 |
MMM is the Grinch that stole Christmas.... 6 Likes
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Re: MMM Blocks Withdrawal Of Funds For One Month! by prime5052(m): 9:03am On Dec 13, 2016 |
jollymizzle:It has not crashed,it happenes last year,it's just for the holiday break,those who provide help who are not matched today will not be matched untill next year,i don't see any reason to panic........except for some students who use their school fees 2 Likes |
Re: MMM Blocks Withdrawal Of Funds For One Month! by Nobody: 9:03am On Dec 13, 2016 |
We all woke up this morning to receive the news of “1 month freezing of all confirmed marvos”. This is quite unfortunate but a neccesary measure. However, this piece is my due research and opinion. What does “freezing of unconfirmed marvos” mean? It means you won’t be allowed to GH for the period stipulated. However we can still PH. What is the implication of this? It means that when we PH at this time we wont be merged because there will be no one Ghing. However, your will be credited with the resultant marvos of your PH. That is why you can see how much marvo you have but can’t GH it now. Why the freezing? The freezing is necessary for the sustainabilty of the system. In the previous meetings Mr Andrew say SUSTAINABILTY AND STABILITY of the system is the focus in 2017. So to achieve these goals, it is pertinent that the system is protected. It is a known fact that most participants PHed targeting the festive period to GH. Even me too did same, infact I PHed purposely to prepare for my wife’s delivery and the naming but in the face of this situation am still stead fast. If we all GH heavily this festive season, we wont meet an MMM that is paying us in 2017 because there will be more GH than PH as participants wont PH more this time (therefore pause mode will be activated). Also, the issues of fake POP, delay in response from CRO and moratoruim issue need time to be properly tackled. As all guiders know Mr Andrew said programmers are working to make these issues handled in 24hrs, which is good. VARIOUS OPINIONS …. 1. Some people are of the opinion that we should have been informed but I say NO…. If we were informed the system will crash immediately because no matter how much Admin explains people will rush to GH and then stop PHing. This scenerio will crash MMM this Dec. 2. Some people say Guiders should have been the ones alone to be frozen. While this is a very good idea, I still wont agree…. The ratio of guiders to participant is 1:100. The number of guiders is less to the whole community. 1 guider manages a minimum of 10 people. The PH of these 10 people in most cases is more than what the guider will PH. In time of GH the system will pay the 10 DLs more than the guider. Eg. To pay the guider the system will give him 30% of his marvos + 100% (referral bonus) = 130% But if the system is to pay the DLs it will be 30% x 10 =300% Now which is bigger. However, this might not be a perfect scenerio but it will give us an insight into the issue at hand. Also, there is no way particpants should be frozen and then leave the guiders. No way! 3. Some people are of the opinion that it should have been next week….. I wont say I understand how you feel but this option is risky. If you look at the time frame of the freezing it about 2 weeks to the end of the year and 2 weeks to the beginnig of next week. They are deliberately avoiding the rush hour GHing for the festive season and rush hour GHing from lack of money in January. So the time farme is to play safe. 4. Some people say now it is true MMM has gone on Holiday Pause Mode…..This is not true. The rumour earlier about pause mode was talking about 24-26th December because of bank holidays. This is not an Holiday Pause Mode. So please lets stop that school of thought. 5. Some people are of the opinion that with this new measure a lot of people will not PH again…..Maybe and Maybe not. Have we ever thought why the additional 20% was given as bonus? It means whoever believe in this community even in this time will get 50% growth to His/Her PH. This also tells us that this plan has been there before now, it was not taken impromtu, it was carefully planned. So I PH 1 million now by Jan 14 2017, I will GH 1.5million. That’s the plan. WHAT ARE OUR RESPONSIBILTIES AT THIS TIME Our most important responsibility is to avoid fear and kill panic. The more we fear the more the panic will rise. Now is the time when our knowledge of MMM will be needed both guiders and participants alike. Now is the time when negative publications should not move us no matter who is saying what or who is writing what. Now is the time for guiders most especially to enlighten their DLs and attend to their fears at all times. FINAL WORDS We need to know that the media can’t break us if we have one voice. As a trained journalist that I am, we were taught that “bad news is good news” so I am to certain that bloggers will feed on this quickly and with vigor. But we also need to stand with courage, reseilence and believe that financial freedom is our end goal. Also, I am not in anybody’s shoe to know how this will affect any one but I will only advocate that we be patient and see the end goal and not the now. MMM all the way 13 Likes |
Re: MMM Blocks Withdrawal Of Funds For One Month! by mira4u: 9:04am On Dec 13, 2016 |
Lol I saw it coming and told somebody about my fears and the buff.o.o.n attacked me. 4 Likes 2 Shares |
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