Here is something for CPUI members to think about
Financials before suspension of operations: -
Total Funds Managed by CPUI: ***036;1,817,268
Total Member Owned Funds: ***036;1,210,135
The profits and amounts owned by the Management team equal +***036;600k. To
increase the chances of a full and complete recovery we have absorbed
this amount as losses. Therefore the target amount for a full and
complete recovery is ***036;1,210,135 instead of ***036;1,817,268.
At this stage the current situation is:-
Available Funds for trading: ***036;180,000
Funds with Zenestate: ***036;32,000
Funds with Host501: ***036;46,000
Funds with ICC: ***036;25,000
Total CPUI Funds: ***036;283,000
The original notification stated the total funds lost by CPUI was approximately ***036;850k
The CPUI funds within this account was approximately US***036;850k but this was only a fraction of the total trading account balance as biggles101 had other accounts combined into one, including a massive amount owned by Henry MacDonald, the fund manager for the fruit/vegie/produce trades.
If total member owned funds was ***036;1,210,000 and ***036;850,000 was lost dosen***39;t that leave ***036;360,000, but look there is only ***036;283,000, what happened to the other ***036;77,000 of members funds????
Adam claims ***036;3,000,000 was lost from the Biggles101 trading account, and he now claims he has personally lost nearly ***036;1,000,000.
Although I have personally lost almost
***036;1Million due to the recent events and I have been affected emotionally, I am
NOT giving up.
So lets see what this means. The original e-mail did not mention any of Adams personal loss, but it did mention a ***036;850,000 loss of CPUI funds and "a massive amount owned by Henry MacDonald" so if Henry MacDonald lost a massive amount which must have been much bigger than the ***036;850,000 or the ***036;1,000,000 lost by Adam himself how much could it have been. Well at the very most it could have been ***036;1,150,000 as:
***036;1,000,000 Adams own money (includes ***036;600,000+ Management Team money)
***036;850,000 CPUI Members money
***036;1,150,000 Henry MacDonald money
Dosen***39;t seem to me that HM***39;s loss is a massive amount in comparison to either members or Adams own loss, and the CPU Members money is certainly not a fraction of the HM loss, well it is, but a large fraction LOL.
So in conclusion we have ***036;77,000 missing from members money, and exagerated statements about HM***39;s losses or Adams own loss or perhaps something else is going on Adam?.
I can***39;t wait for the next update, I am sure there will be even more contradictions to come.
One more thing, there was mention that there was an auditor involved. I would like to see the offical auditors report to prove any of these claims are actually true. It should not be a problem for Adam to provide this report to members.
Seeking the Truth