Wealth4allteam sent out a members update and it's long and detailed. The entire update is posted here for you to read in case you missed it. I am still keeping my fingers crossed on this one for now.
"This is the latest update dated September 20, 2012 @ 11:00pm. We again than you for your patience and for being valued members of the wealth4allteam family. We love and appreciate all of you and look forward to keep working together well into the future. There is a lot of information that we need to talk about on this update. We have been working day and night (literally) to complete the many tasks that are in front of us and ahead of us. The good news is that we have made great strides and have a much firmer direction in which we can keep moving forward. Please understand, as you will see in this update, that there is some information we had, but we could not share until we were assured it was accurate and feasible information. We do not want to pass information along to you that we cannot deliver on. So, with that said, let’s start the news Update. 1.- Wealth4all will re-open its doors ! yes you heard it right, we are re-launching the program again but this time we are looking for a home overseas where the laws that govern our kind of business are friendlier and will allow for the business to last a long time without the fear of being shut down. We are contracting with a firm that specializes in setting this up and as of right now, we are looking at 2 to 3 weeks before re-opening our doors to the world. There will be some changes to the comp plan (we will explain those changes next week on another update as they are completed) but it will be still by far, one of the best programs on the internet and a great income opportunity. 2.- Our preliminary accounting of the system has been finished and we can now give you some of the details in regards to your e-wallets. Based on the fact that the program will re-open and everyone is invited and can participate as before, here is how we are going to cash-out your account to the e-wallets in Wealth4all. (Please understand we are not talking about I-payout but about your welath4allteam.com back office e-wallet) A.- Members who have withdrawn 150% or more of their deposited amount will not receive a cash payout to their e-wallet as they are considered paid. We found that the average of those in this category to have withdrawn over 700% of their initial deposit amounts. We believe that is more than fair compensation. B.- members who have withdrawn a portion valued at 125% of their initial deposit, will see the difference of the initial deposit and the withdrawn amount back into their e-wallet. This approach accounts for a generous 25% profit to this group out of cycled earnings. C.- members who deposited funds and were not able to withdraw ANY of their money out before the temporary shutdown, will see ALL of their deposit put back into the e-wallet. Most of this group has not cycled more than twice in the system This takes care of the cash-out to e-wallets in the wealth4allteam back office. You will be able to go into the back office and see the amount placed in your e-wallet account by no later than Wednesday September 26th, 2012. 3.- TAP earnings and re-purchase values. We are still evaluating this area and are coming up with a fair way to compensate everyone for a percentage of those earnings, TAP values and re-purchases. The reason we know it will be a percentage is because of the fact that new money has not been generated from sales of TAPs and because of the fact that the majority of people have indeed taken out more money than what they had deposited. We still feel that to be fair, some compensation is needed in this area and we are trying to figure out how we are going to do it. We may end doing a PSU payout as we did last time so people can get paid on those values based on the profitability of the company as we go along and the payout will be limited to the amount we deem as owed to the member based on their individual account. Again, we are working on this and will be announced as soon as we make that decision. 4.- I-payout account balances and withdrawals: We are right now going over the I-payout accounts and reviewing the latest withdrawal batch that was made before the shutdown. Please understand, our withdrawal payouts are done on a batch system and anything that was withdrawn the day before the shutdown did not get approved to go into the e-wallets until the next day and then that payout would have had a final approval at 5:00pm EST for release. That is why, that payout was held and not released. Now, we will release the money from that last withdrawal batch using the same formula that we used for the cash-out. If you have withdrawn 150% or more out of the system and you had a withdrawal request, then that request will be cancelled. Anyone else under that threshold will be paid for their withdrawal. You can expect to receive that very soon. We anticipate two or three days before we release it as this is a manual operation and there are over 1200 requests on that last batch. Also, many of the people that had made deposits into I-payout right at the end or even after we closed the site will see their money returned to them using the same method that they used to put it in the system. That operation has already started and we have had many of you report that you indeed received those funds back into your accounts. For the others that have not received it yet, please have patience and understand that once the money leaves the I-payout system it is in the hands of the federal banks and Credit/Debit card processors and we have no control over them. ALL of those funds have been returned and are on their way. 5.- Weekly calls will start next week. Along with the emails and recorded update calls, we will also re-start our weekly calls next week. We are deciding what days to do them. We are thinking Tuesdays and Thursdays as it divides the week nicely. You’ll hear from many of us on those calls depending on the updates we are giving at the time. There will be a time for questions and answers but it will be limited as we cannot be on these calls for hours on end as work needs to be done so we can complete our tasks and re-launch successfully. We will make an announcement via email by this weekend. Well, that was a long update but that is about half of the things we are working on. The other half is all the work going on the Genesis project which is advancing beautifully and on time. We will update you on that at a later date. Please understand that this information is meant for our members and that we are trying our best to return to everyone a program that they loved and is successful. The current environment here in the US does not allow for that to happen and that’s why we are looking at the alternatives. There is no other reason and we want to make sure you understand that. We hope that you see the reasons we are doing things the way we have, and we ask you to have patience and stay the course with us. You will again see that the results will be worth the wait, and this time even better than before not only with the wealth4allteam program but then with the new launch of the Genesis project. The future looks bright and we are happy you are here with us. Thank you, Wealth4allteam Management"No upsets so far with all the programs am involved in. Just wish the month will continue the smooth ride but you can never tell in this niche. Right5 admin has now enabled payouts on saturdays. Previously it was only possible on working days.
Friday' Joke A young boy enters a barber shop and the barber whispers to his customer, “This is the dumbest kid in the world. Watch while I prove it to you.” The barber puts a dollar bill in one hand and two quarters in the other, then calls the boy over and asks, “Which do you want, son?” The boy takes the quarters and leaves. “What did I tell you?” said the barber. “That kid never learns!” Later, when the customer leaves, he sees the same young boy coming out of the ice cream store. “Hey, son! May I ask you a question? Why did you take the quarters instead of the dollar bill?” The boy licked his cone and replied, “Because the day I take the dollar, the game is over!” A nice weekend to every one Ciao