you know there is a point where you have to take a step back from the cheerleaders and really decided are they as stupid as they act and appear to be, are they just misguided people that were led down the garden path or are they cold calculating criminals.. it's obviously very to tell in many cases, but after reading the latest vomit from LOA on MCF Lite it has now become clear this guy/girl (I am assuming guy) is either in so deep in this his life will be ruined when it fails for good, or he is part of the scam.
One does not even need to work hard to see the lies and just out and out bull of this latest post... one just have to follow his own logic to it's logical (or lack thereof) conclusion to see the lengths this guy will go to make up stories...
The post in question....
http://www.asamonitor.com/forum/inde...dpost&p=213884
I will pick out the parts that I plan to reference, but of course you can click the above link to see that I am not taking anything out of context..
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And believe me there are many opportunities out there to make a very high rate of return when you invest millions.
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So then by using this logic, if there are many opportunities out there to invest when you have millions, there must be just as many if not MORE if you have billions? Stands to reason right? Or at the very least billionaires must have the SAME places to invest as the lowly millionaires, if this is NOT so please explain why.
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let's use $10,000 as an example. Say nick invests $10,000 and through this investment he receives a return of 40%.
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So lets ignore the last 4 months as P2P is that far behind in payments, but lets give them the benefit of the doubt and say ok for 14 months they paid out more or less within their stated TOS. Can somebody please show me any company, single investor or anything else on the planet that show an ROI of 40% for 14 months straight? Even all those millionaires we talked about before... Not because I said so or I know it's true.. PROOF.. show me one shareholder report, one corporate tax return, ONE thing anywhere in the world that shows a company or person earned 40% per month for an entire year? Yeah I know, impossible.. and you will see how there is NO proof forthcoming... moving on....
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If I piggy-back my $100 on that amount making $10,100 then Nick's return is $4,040. So we can see where Nick can easily give a person back 60% on their money for a 30 day plan and still have a profit of $3,980 for himself
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Now please pay close attention to the math here. Nick had 10k of his own money in place. The member added 100, the total invested is 10,100. with a 40% return the total capital would be $14,140.
Nick would owe the member $60. meaning he would earn 3980 himself for a net return of 39% so he is taking a 1% hit on the money each and every month.. but lets look at the reality of this gesture in the long run.
Let's assume Nick being a millionaire has 1 Million invested.. and his active members which the commonly accepted number of them is 8k. Again as with all numbers dealing with scams it's impossible to know for sure, but as this is the number that the faithful use, it's good enough for me.
So by the time you take into account all the compounding and the people that took out their seed money etc..etc.. you have a whole bunch of people (as the cheerleaders claim) that have maxed out their accounts now... so I won't make it too hard on Nick.. how about ONLY 100 of the EIGHT THOUSAND members have maxed out accounts...
Their total invest at 25k per would be 2.5 million. So Nick has 1 million of his own money in play and the 100 maxed accounts have 2.5 million in play. For the sake of exposing the stupidity of LOA's math we will ignore the other 7900 members as adding them must makes it look all the more insane..
Ok, so 3.5 million add on 40% = 4.9 million... of course Nick owes 60% to the maxed account holders... 60% of 2.5 million would be 1.5 million. Hmmmmm lets look at that a little more closely...
2.5 million in capital, 1.5 million owed in profit for a total sum of 4 million. So in order for the maxed account holders to earn their 60% each and every month, Nick would have to lose 10% of his account each month.
Do the math, Nick started with ONE million, after he pays out the 4 million owed to the maxed account holders he is left with 900,000 so he loses 10% of his capital each month... so in about 8 months he would have NO money invested... so what would the people be piggy backing on????
I am being generous here as it's quite possible there are more than 100 people with maxed accounts. Plus there is no chance in the world that Nick is earning 40% month after month after month... if my numbers are wrong please point out where? I am only using the actual numbers that LOA holds up as PROOF that this thing works..
You can shrink the actual numbers if you want it doesn't get any better. Assume Nick only has half a mil invested.. he will lose more each month.. well I guess I owe thanks to LOA at least he showed how it's impossible for P2P survive as advertised.
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The naysayers and disgrunteled members have bashed this man and called him a liar much to much when all he has tried to do is give the little guy the opportunity to fulfill some of their dreams in life.
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Yeah he's doing a hell of a job, no payments in a month, pending payments are four months behind and growing. Maybe if Nick registered his business and filed taxes for it and did the things that real honest legal and legit businesses do he would not have the public relations nightmare he does.. but then that would be too easy wouldn't it.
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Now this my friend is the truth, I don't expect the naysayers to accept it because they want this to be an illegal program. But with all their babblings of ponzi and scam will not change what p2p really is. A fantastic legitament program.
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Hmmm how do you know this is the truth? Have you seen some proof of 40% per month?? Why doesn't Nick show everyone that? It is an illegal program all you've done is show how running it was you say Nick will be broke soon, maybe that's why payments have stopped huh?
So you continue to claim this is legit, but I still have not seen a single iota of proof from you.. yes yes, now you're going to say "I won't post it because you're just going to twist it to suit your agenda.." that is your usual dodge.. but the truth remains you can't argue with facts. You show me where P2P is registered to operate a business as it is currently doing.. do you really believe that any company can just tell people to give it money and they will piggy back it somewhere with no contracts no disclosure no anything?
The only thing that still really baffles me is why do the rest of the millionaires and billionaires in the world not invest with Nick? I mean if he can make 40% a month why don't these guys work with him?
Look at these slugs.. last year Bill Gates was worth 51 BILLION
http://www.usatoday.com/money/2007-0...ire-list_N.htm
But this year his net worth is only 58 billion...
http://www.forbes.com/lists/2008/10/...ires_Rank.html
hmmmm his net worth only went up 15% FOR THE WHOLE YEAR...
Why oh why doesn't he get smart and invest with Nick??? He can make 40% a month and be the richest man in the world again in no time...
I think you get the point right?? The richest man in the world last year had his net work go up 15% for the entire year but NICK can pay you members 60% a month... this does not ring any warning bells for you????
Good lord... it sure should...
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