Expiring Units:

[maouse]

Posted by voiceofreason on another thread:

"expiring units - funnily enough nobody ever talks about them, which if PI were a legit business would surely be the backbone and make this whole operation possible in the first place?"

Good question. What happens to expiring units folks? Aren't they "claimed" by PIPS?

So if the fund went from 1.7 billion to 3 billion in 6 months, 1.7 billion in units expired. Wouldn't that mean that Mr. Marsden should have 1.7 billion in net assets somewhere?

I loan PIPS $450, and get 17 units put in the trust. If he's really making the interest he claims, then he should get the $425 from the expiring units (as he claims).

Sure, he only has to make enough to make about 40% more in 6 months (about .33% per day), but that isn't what he claims to be doing. And that just keeps him "above water". And doesn't explain expiring units and what happens to them.

Interesting topic for sure...

ps. I've stated long ago that the 2% daily ROL is entirely doable, because the actual payback is only about 0.33% compounded, not 2%. But the extraordinary claim is that he makes 2%... and should keep the expired units. Which amounts to an amount equal to every dollar ever deposited (minus fees) by everyone up until six months ago. So he should have as much money as he reported six months ago. About 1.7 billion. Himself. Besides the fund. And besides PicPay withdrawal requests. I wonder what PIPS Inc. net assets statement is...

-Marcel

ps. this should put him on the top of the Forbes 500 list within about 2 more years...

[maouse]

Which all begs the question:

If he's got 1.7 billion, can he fix the BDH I've been on and on about?

Well, "if" he's making the 2% he's been claiming since inception of the program, then it should be a piece of cake. If he had 0.5 billion in the fund last July, that means he should have 2.2 billion in a bank somewhere (from expired units).

BDH problem fixed!

"IF"

-Marcel

ps. I believe anyone who thinks that two billion in traceable assets (from PicPay deposit records and PIPS investment records) can't fix one billion in questionable assets is a bit off their rocker... but that is me...

[nemesis2]

It doesn't matter if they are expired or not - the dead ones have the same value as live ones

[maouse]

Originally Posted by nemesis2

It doesn't matter if they are expired or not - the dead ones have the same value as live ones

Well, if he is doing what he claims.

If he is not, then its anyone's guess as to the value of "expired" units.

I mean, if he makes only 0.66% daily ROL on your initial units:

425 * 0.0066 = 2.805 per day. Times 120 days. Equals $336.6.

Now. He has to pay you back 2% for 120 days. Minus the original amount.

425 * 0.02 = 8.5 * 120 = 1020 - 425 = $595.

So, if he takes your original $425, and adds the $336.6 interest, then subtracts the payout of $595, then he makes $166.6 on those units in that 6 month period.

Which is to say that he can do significantly WORSE than 2% per day in reality, in order to keep his head above water.

$595 - 425 = 170. 170/425 = 40% over 6 months. 0.33% per day is break even.

He says he's making 2%, but in order to stay in business he needs nowhere near this amount. Of course, that makes him a liar (again). But it makes the "plan" a lot more feasable.

My point is that the expired units may not have the same value. Because he has no other way to re-coup his losses other than claim a loss. If his "traders" underperform and only make 0.15% daily what happens? He only has $501.5 to pay the $595 he needs (in real units or withdrawals). Does he balance that from the "good times" above where he made 0.66% ($166.6 profit) and balance his books at $73.1? (this presumes you never get into a negative balance situation, because then it all falls appart in another 6 months if they underperform again)

I mean, I can see how it could work, and could see it in January. I just think most indications are that he is NOT doing any of it. If he is, he only needs 40% returns in 6 months to break even. Everything above that is "gravy" to buy Bistros and Fashion shows with. This is why eventually I ask about what market he's doing it in. The logical conclusion from assuming it is legit leads to these sorts of questions. So that one knows when to withdraw because one can predict (if one knows) when a market/trade is not going to return 0.33% per day any more.

-Marcel

[maouse]

Also, is this why he makes you buy 6 units each month?

That way, he is assured the ability to "slush out" $150 from every account each month after 6 months. 200,000 accounts. $30 million a month (which right now is only half a day's ROL, mind you). Flow control...

-Marcel

[Kairos]

Yes expired units have a value since they are $25 a pop, but they also pay daily interest. So by making units expire PIPS gets that $25 for good, and also gets to stop paying interest on the unit.

I wouldn't worry about it too much; because I think every single unit in PIPS will expire soon

[ex-pipster]

I wouldn't worry about it too much; because I think every single unit in PIPS will expire soon

I agree, and PIPS will be over.....

[voiceofreason]

maouse,

thank you for picking this up and running with it. Even though ex-pipster and Kairos want to stop this discussion - too mentally challenging maybe - it is a lot more useful than calling others names for disagreeing.

Don't forget the $20 membership fee, times how many accounts? Surely, a tidy sum rolling in per month.

Like I wrote before, just what money did he use to pay the Hilton?

I wish we could get an insider to talk. Somebody please keep an eye on Gary.

Your numbers show that it might have worked like that and that Bryan might have based his plans on figures like that (maybe figuring in how many people will WD early and how many will let it grow). I still find it hard to believe that you start a complete scam and then make sure everyone knows your face and name. Looks like he thought he could cope with the problems and they have now fully engulfed him like the Tsunami. Plus, I don't understand how he can suck so completely at corporate communication and eventually have this backfire.

Let's not forget that Bryan publicly claimed that the internal Pips funds were growing at an even larger % than our 2%!
It surely would take some balls or a sociopathic personality to lie like that.

Another thing, I wonder if the Isabellamina Foundation is still getting payments?

[40BIGFTWHRS]

What most pipsters fail to realize is the program was a scam from the very beginning. Marsden never had any plans to trully make the unbelievable work. He carefully played along until he could get the maximum amount of money possible and then slowly sneak out the door.

Questions to why Marsden is not a scammer:

1. Everybody knows what he looks like, he wouldn't show his picture if he was going to scam people!

He never gave a damn if people knew what he looked like. The scheme was to get as much as possible, putting on so-called conventions (expensive get togethers and maybe an hour watching Bryan pull ping pong balls out of a rat cage?)

Marsden has plenty of your money, enough to disappear anywhere he would like.

2. Well he wouldn't have started the Bistro and the Fashion Companies

Yes, but what are the franchise fees? About $500,000.00 total? Marsden never had any intention of giving members any of these profits. I would bet that he has already transfered the ownership over to the wife. Once again your money was used to build a few Bistros that no one visits and a fashion line that only a PIPS supported paper will have anything to do with.

3. The banks

The biggest laugher of them all. How is it that a bank cannot process 50 withdrawls per day? That is a joke. I could do that with my business checkbook while I ate a bowl of cereal and got the kids off to school. Once again excuses you soaked up from Marsden the Messiah.

4. The Isabella Foundation

Never existed under the UN charities as Marsden suggested. A set up non-profit (this pisses me off to no end) that Marsden paid $50 bucks each to a fat guy and one of the IT guys nephews to pose for the check presentation.

But I saw Bryan at the ribbon cutting ceremony?

Yes you did. It was in his backyard where he promised kids from the neighborhood ice cream, had the fat guy and the nephew over and Sharon provided the red ribbon and scissors from her sewing box.

5. Bryan has staked to much in this to be a scammer.

Actually Bryan has staked just enough so he could bide his time slinging his plan of preying on individual greed until it was time to pack up the house and get the hell out of town before some angry pipster showed up for "a come to Jesus meeting" with his worthless ass.

PIPS will go down as one of the biggest, well thought out plans ever to hit the greedy suckers on the Internet. It has all the hallmarks for the Guinness Book of World Records.

[dirty_bird]

Originally Posted by 40BIGFTWHRS

What most pipsters fail to realize is the program was a scam from the very beginning. Marsden never had any plans to trully make the unbelievable work. He carefully played along until he could get the maximum amount of money possible and then slowly sneak out the door.

One of the best posts I have seen here on TG. Good job.