Topics addressed in this Newsletter :
1. Charitable Giving
2. Introduction of New PP; Global Digital Pay
3. Status of Wire Transfer Capabilities
4. Summary of the New Plan / Description
5. Hardship Withdraws / Random Payments
6. Status of Payments
7. Dissolution / Deposit Repurchase Program (GNIHausfrau Saga Cont'd)
8. Summary
Greetings are Extended To Friends, Family and Associates of GNI:
We hope you all have had an opportunity to successfully withdraw from your cash balance, as payments continue to go out as per our restructuring plan introduced in January, 2010.
Many have expressed interest as to the progress we have made with the recovery of the program, given the severity of the restructure and the reduction in benefits to which all were subjected. The short and most on-point answer is that it is way too soon to tell, given the new plans have not yet kicked into affect. We will however, advise the community at large as progress is made.
1. The first installment of $11,010 was forwarded to the Charitable Organization, US2UGANDA4life on Friday, Feb. 12.
In response, we received the following:
We continue to be amazed by your organization's generosity and willingness to get on board with our vision for Uganda. I can confirm that your transfer was deposited in our account ($10,995 after deduction of $15.00 for international wire handling fee). YOU GUYS ARE AWESOME. As a small token of our appreciation and in an effort to reach out and say thanks to everyone who has participated in this gift our board members signed the attached certificate of appreciation at our most recent meeting. I have saved it as a .JPG file in case you would like to forward to a broader group and please invite everyone to log onto the site and sign up for information we want to keep them up to date and allow them to follow along with the progress at both the Orphanage and the Medical Center.
(We will post the .jpg file at our private forum.)
Again, from the bottom of our hearts, THANK YOU ALL!
http://www.us2uganda4life.org
Please take a moment to visit our website and consider partnering with us in Uganda!
2. We are pleased to announce GNI's expanded capabilities to include a new E-currency / Payment Processor (PP):
Global Digital Pay (GDP) https://www.globaldigitalpay.com/
We are confident in their capabilities to operate in a safe and reliable manner. They are a credible option!
3. Wire Transfer to and from GNI - Despite the script showing a capability, GNI is not currently accepting nor sending wire transfers for or on behalf of any of our customer base.
4. Summary Plan Description - Recap
In January - 2010, market conditions and other extraneous factors necessitated that GNI overhaul the program, thereby ensuring a fundamental return to financial health while providing a very fair return to the customer base responsible for its previous success.
In February - 2010, it was decided, to reward those investors who had been striving to reach the higher payment threshold, to modify the plan. No longer is a member's interest rate determined by any one single deposit, rather by the sum of the collective (total) sum as determined following the date that clients interest is paid or when a new deposit is received.
a. All investment instruments (those funds that enter into trade with GNI on behalf of the customer) are known as 'deposits'.
b. All deposits are made from your E-Wallet (explained below), and must be equal to or exceed 50.00 to qualify as a valid deposit.
c. No member may have, collectively, deposits exceeding $100,000 without specific permission from the program administrator or his designee.
d. Interest payments are made on a 14 times, 30 day cycle which is effected from that time funds are successfully moved from customer's e-wallet into a deposit; weekends and holidays inclusive and are paid into customer's 'cash balance.'
e. Interest is paid into customer's 'cash balance,' from which he or she may withdraw funds back to their designated Payment Processor / E-currency or can re-invest into a new 14 month deposit. Until such time that client has a cumulative total (in deposits) of less than $21,000, he or she will receive 16% per month for the cumulative total until such time that their total is equal to or exceeds $21,000.
g. Once customer's cumulative, total amount of deposits exceeds $21,000, he or she will receive the Premium interest rate of 20% for that period of time that the cumulative total remains above $21,000.
h. Should customer's cumulative total dip below $21,000, he or she's entire balance will revert back to the lesser rate of 16%.
i. Should customer want or need to cancel a cashout to an outside processor; and instead revert these proceeds to their E-wallet (and create a new deposit), he or she may do so by clicking the 'Request Cashout' located on the bottom left side of the menu then scrolling to the bottom of that page to ‘Pending Cashouts’.
There, customer will find those pending cashouts waiting to be released by Admin. Customer may click (check) the box next to those cashout(s) they wish to cancel. Having selected the appropriate cashouts they wish to cancel, a verification box will pop up necessitating user to confirm or cancel the requested action. After selecting the appropriate action, the pending cashout will then revert back to users, wallet, cash balance or remain at the status quo, the withdraw to be released by GNI admin.
j. The term of the deposit (14 months) does not change if or when customers driving interest rate changes. All terms of deposits are 14 months. Return of principal is included in the monthly payments. There will be no return of principal at the conclusion of the 14 month term.
5. Hardship Withdrawals / Random Selection
I would like to take a moment to discuss with all of you, my friends, our current philosophy as it applies to GNI's current situation, our Terms of Service and our customers.
Part of my success in life, but even more so in business, has been my personal commitment to client / customer service. Indeed, without a customer, it matters not how good of a product you may have. The point is mute!
Top quality customer service: It's a benchmark that I have always maintained before speaking with or writing to any customer or potential customer since I can remember. Never before did I think I would make the following statement. The imminent survival of GNI, the return of the program to its previous level of capitalization and assurance this will never happen again, compels me to put the program, within reason, ahead of the individual customer.
When the situation with Yesilada caused our funds to be frozen, never did I think that we would be, here in the ladder part of February, without that critical capital. We have to prepare to go the long haul without these funds. It won't be easy...
We now have a Deposit Repurchase Program in place as will be explained below. No accelerated, early or preferential payments or payouts will be made outside of this program.
6. Status of Payments - As was mentioned on the forum some time back, the possibility that all payments could not be made by months end was very real. This has turned out to be the case. We apologize for the inconvenience; we will nevertheless, continue to work towards getting everyone paid in a timely fashion.
What we can expect is to slip the payment schedule back a bit. This does NOT mean we are running, it does NOT imply we won't meet our obligations, it means we are working and pushing as hard as we can to get everyone their funds as soon as we can. Keep the faith.
7. Deposit Repurchase Program ---- VERY IMPORTANT
To accommodate those who wish to ameliorate themselves from their deposits, GNI is implementing a Principal Deposit Repurchase Program.
This program is targeted to:
1. assist those who failed to observe GNI's ongoing admonition that it is set up to be a second income,
2. help those who, when signing up with GNI, ignored the Terms of Service providing for GNI's contractual right to modify the plan(s) rate of return to ensure the integrity of the plan(s) and the welfare of the members,
3. benefit members who seek an opportunity to further maximize their returns otherwise unavailable but for this program's implementation,
4. enhance GNI's capitalization by raising additional revenue.
Before implementation of this or other similar programs, a general understanding amongst all participants within GNI needs to be adhered to.
a. There is to be No Selling of, or Purchasing of GNI deposits outside of this defined program between members, a members and non-members, two non-members or any third-party persons or entities;
b. Any sale which has been consummated will need to be 'unconsummated' (returned) and renegotiated through the program currently offered;
c. Any deposits which have changed hands, not having been done through this program, will not be honored as a valid deposit, no interest payments will be made and the principal, will be subject to forfeiture.
It's not worth risking your hard earned funds to this possibility, so please, DO NOT jeopardize the program by making poor decisions.
Details:
1. Sellers will make their interest in selling their deposit(s) known in a section of the forum which is being put together as you are reading this, up by Ingenue.
2. By participating in the forum with authority given to you by GNI, to sell your deposit, you agree to limit all activities and negotiations to the GNI forum, your private email or PM.
3. 20% will be deducted from the selling price of the deposit which serves to offset the costs associated with removing the funds from trade, re-register the deposit reflecting the new owner (transfer fees) and a surcharge which will be used to further capitalize and strengthen GNI.
4. Those who desire to increase their GNI holdings shall, after reviewing the available deposits on the forum, will contact the seller via PM or any other way that seller wishes, made known in the forum; express their wanting to enter into negotiations to purchase their available Deposit via Private Messenger (PM) private email or some other discretionary manner agreeable to both buyer and seller.
Note: Because the forum and, to a lesser degree, GNI as a whole, takes privacy issues very seriously, we cannot guarantee your privacy or any consequences (IF ANY) for unveiling any privacy you have come to expect.
5. All sales transfers or trades must be reported to Debbie by both the buyer and seller at GNISeller@gmail.com. She will inform what, if any, documentation may or may not be necessary to consummate the transfer and will instruct buyer the methodology to make payment. Payments will NOT be made through the script, they WILL be made pursuant to Debbie's instructions.
6. All sales are final, but further repurchase of any deposit is always possible.
To best explain this program, we'll use our beloved characters 'Lam' and 'GNIHausfrau' (who might I add, recovered her blond hair).
GNIHausfrau, in true character fashion, over-charged during the holidays purchasing, for herself far too many items and forgetting completely about the charities she was supposed to promote at GNI (the children of Africa thank you Hausfrau !!!).
Hausfrau then remembered hearing about some buyback program being orchestrated by GNI. Hausfrau's blond hair started spinning…."Hmmmmmggggggggzzzzzzzz…I have a better idea." she said to her hair.... "I'll sell mine on Ebay or better yet, 'Greg'sList.' I'll make a fortune!!!"
Fortunately, before she could get her blond hair in motion, she discussed this idea with her friends who rightfully explained, there was no faster way to get removed from the program than attempting to sell her deposit outside of GNI's Forum.
Off chafe her blond hair and on went her "thinking cap" deciding she would attempt to sell one of her four deposits. So, the following day, she posted on the newly set aside area of the GNI forum, the 5000.00 deposit she needed to pay for her Macy's and Nordstrom credit card bills…
Lam, being the staunch and thrifty pragmatist that he is, was ALWAYS looking to increase his his net worth, but only in a way that reflected the highest moral standards possible. He saw Hausfrau's "deposit 4 Sale," in a thread on the GNI Forum. Lam had read, then confirmed by PM, he could buy Hausfrau's $5000.00 at a significantly discounted price.
WHAT A DEAL!!! (Lam thought to himself). I can get a $5000.00 deposit for $4000. Indeed, Lam could score the "deal of a lifetime" while allowing Hausfrau to fill her pockets to overflowing with cash....$4000 right???
WRONG....declared Debbie at GNI. Because these deposits were locked into trade for 14 months, registered in the name of the Purchaser of Record in the purchaser's E-currency / PP of record, there would have to be a method to recover costs associated with these transactions.
The resources required to move these funds was more than Hausfrau could put in her Station Wagon.
Professor Poindexter determined GNI would need to include a 20% transfer fee. Whenever funds must be pulled out of trade, converted to a PP and human resources are utilized, costs are incurred. Further, Professor Poindexter explained to Hausfrau (with her "thinking cap" in the "on" position), GNI is in Restructuring Mode, this is a good opportunity for them to rebuild their program by developing a new income stream.
Hausfrau, after having received her new funds, successfully slipped off her thinking cap and slipped on her blond hair all the while was wondering to herself... "Where's the mall, this money is burning holes in my clothes?" (Story to be continued in the next newsletter where we'll introduce Hausfrau's friend, Sandi and her daughter, Holli -Dolli.)
8. Summary / Conclusion / Comments
I know those of you who have, to date, not been paid, are very disappointed, discouraged perhaps even angry. We understand this! It, however, doesn't change the facts, the current market conditions nor does it unfreeze our funds tied up at Yesilada Bank in North Cyprus. Unlike the Central Governments of the world, we don't have the ability to 'make' money with a printing press.
Many of you have asked what can you do to help us. What everyone can do is remain positive and as much as possible, supportive of the new income streams we seek to push the program forward.
Have a great weekend! We're working hard!
Robert and your GNI Support Team
