GoldNuggetInvest Newsletter January 19, 2009
Greetings GNI Members:
We hope, most sincerely, the shock of the changes has somewhat subsided and you, along with the community at large can appreciate what it is we're trying to get accomplished - the return of GNI to financial health.
As we expected, there have been some questions that need to be answered and some clarification to some decisions and procedures that may otherwise need an explanation.
Before doing so, it may shock some of you to know that, as of 8:00 am on January 18th (GMT), of the 10,000 or so active customers, only 2886 have signed up and are members of our private forum. About 25%+…
1. We cannot emphasize the importance of ALL participants in GNI, sign up and, when seeking out information related to GNI, use the forum as a point of reference and information!
2. Built into the script and available to ALL members is a security log. This security log contains every IP from which your account has been accessed. We need EVERY member to go into their security log and review the IPs listed (by clicking on the IP). For those who are not familiar with an "IP", it is your Internet Protocol Address and is a identified by a 4 numeric characters off set by periods after each one. Looks something like this:
68.3.243.11
When you click on your IP, it will open a new browser page showing the exact location, date and time of the person who accessed your GNI account.
It is entirely possible you may have three or four different IPs, but they should all reflect your own physical, geographic location. If it does not, your account was accessed by a hacker or someone other than yourself and your GNI, along with any other critical account information (or other data) has likely been accessed by, or exposed to someone who is likely not looking out for your best interest.
You need to contact your computer manufacturer or other expert and take the necessary steps to secure your computer. This includes changing passwords WEEKLY, backing up your data etc. Don't expose yourself or others to hackers.
The activities you undertake to prevent or mitigate hacking of your computer will be taken into consideration if something adverse happens to your GNI account. We have the capability to review your account access activity so please take the requisite steps to ensure your accounts integrity.
3. Forex Trading: Because of some of the verbiage relating GNIs current financial health to the positions held in the forex market, some of you have questions / concerns whether GNI is or has become active in Forex Trading.
We are NOT, in any way, engaged in forex trading as a source of income for GNI customers. Of late, 75% of our arbs are traded in GBP, 20% in Euros and only 5% in USD. As a result we are constantly exchanging funds from one currency to another and by default, are affected by the exchange rate. Again....we are NOT a forex based investment scheme.
4. Upgrading of Account Status: Some of you feel you have wrongfully been denied entry into the Premium Plan; have been saving with the intent of introducing all of your funds into the Premium Plan or something along those lines.
As much as we value our customers (and we most sincerely do!), our current focus is to restore our Project to solid financial health. Some of you had your pending withdrawals reversed back into your wallet for re-deposit, some of you had your deposit(s) remanded to the monthly plan right before your deposits would have, collectively, qualified for the Premium Plan or some other non-elected sacrifice you have had to make. We weren't looking to win any popularity contests by taking these steps, we are looking forward to getting this matter behind us as SOON as reasonably possible. To do this, sacrifices were inevitable. Some were compelled to make more than others and for that we appreciate what you are doing. In the long haul, we will all benefit from these sacrifices.
5. Length of Plan Cycle: While the plan(s), monthly and premium are on a monthly cycle, the specific length of this cycle is exactly thirty (30) calendar days. This will not affect the dates that GNI enables the dates to request withdrawals (the 1st - 7th of each month) nor the dates in which payment will be made (the 8th until the end of the month).
6. Going Private: The issue / question of GNI privatizing has surfaced for legitimate reasons, we had envisioned the project needing this status during the first quarter of this now, current year, 2010. Given our current state of affairs; the exodus of customers preceding the holiday time frame and the decreased revenue coming into GNI at the present moment, the benefit(s) of doing so does not justify the resources (time and expense) to follow this through to completion, AT THE PRESENT TIME. To be sure, GNI has a considerable amount of funds in preparation to going private, all of which will be set back for a future date and time.
Be looking forward to these as we progress through the most challenging times of our program.
Yours,
ROBERT and GNI TEAM
