MMA posts 82% equity loss

MMA Update
Though Forex trading is very risky, losing 82% of equity shows an inferior trading strategy. However, this is what happend to MoneyMovesAsia (MMA). In news dating back to December, Chris Johns managing director of MMA has been stalling payouts for his investors. Some of them have been waiting to see their first returns since August. By responding defensively to questions in the forums, but not actually refunding most of his clients, Johns has angered them into raving and ranting about his business.

I knew that no matter what happens, I have to make good on my promises and keep it within a level I can ‘afford’ My name is all over this, this is not a ponzi, I have other successful businesses that do business with other businesses that perform due diligence on me personally as well as the company, I cant afford to let me name go to hell just for $37,000 dollars, so as I say and and I said now, all investors in the general will not lose a single centavo, they will profit, even if I lost, its that simple

Chris Johns (MMA), hyipdiscussion.com

However, by not paying the remaining funds to his clients upon request, replies to Johns have become more and more edgy.

Talk is cheap. Unfortunately “at least so far” you have failed to prove by any actions that you are such a man of honor as you just claimed yourself to be. I have seen you break your promises too frequently to believe your words without egold arriving in my account. Let’s see how this drama will end up.

Source: Hntwo, hyipdiscussion.com

Also, many attempts by Johns to paint a hopeful picture have made no impression on investors. Especially since the loss of equity in the Money Moves Forex Fund has officially been stated to be 82%, more than was previously announced.

… I have no issues will allowing someone to login to my bank and verify things, we have been having very strong revenue growth and we should hit 32-35K in Jan.
…

Anyone invested in MoneyMoves Forex Fund, please email me, we have liquidated and have the cash in our E-gold account to complete payouts. There is a 82% loss. Those who do not wish to have cash back, can stay in, we will transfer to funds to SGFQ to trade and hopefully recover some or all of our losses.

Source: Chris Johns (MMA), hyipdiscussion.com

I have no doubt you truly are an Entrepreneur with business ventures and goals. But you sacraficed them the minute you starting raising money this way.

But facts are facts you came here promising to pay 10% monthly. And you convinced people you could. The system changed to 5% but very few if any even have seen that.

Source: Luckyd1976, hyipdiscussion.com

Communicatively, bringing bad news late is either a successful strategy, or the biggest mistake one can make. In the case of Chris Johns, it is visibly the latter.

Experiment Update
My experiment with MyRandomDownline is going well. I have submitted a banner for one of my ventures and got it added the same day. All my submitted referral links have been clicked on at least once. The impressions (times an ad is viewed) in one day is impressive compare to most autosurfs and count 2762 in total. Communications between MRD and its members seems to be without trouble. The NetProfitGroup forum got off to a good start with some well known high yield community members and bloggers signing up. If MRD makes it through its first month, then it appears Leo from Drunk’s blog has created a successful advertising program based on a sturdy business model. Compared to many autosurfs out there, MRD may prove to be a real alternative. (NOTE: The link above contains my referral number.)

Autosurfs
CommandCharlie.com is about to launch. Quite a few autosurfers have shown interest in this one, and claim the admin can be trusted.

Scams
According to Drunk’s blog, stay away from 24dailypro!

Troybank may turn into a scam anytime soon. I am not in this one as I do not support ponzi’s, but post this information here for newbies who did join.

The big warning sign now is that Troybank is offering “Troybank Shares” which will supposingly return 100% each month.

Most probably they feel that this is the best time for them to collect some bigger spends and run away. I will be surprised if they pay even the first time for these shares. Of course it depends a lot on how many shares will be bought. If people buy slowly, they may feed shares payments for a month or two.

Source: High Yield Weekly Digest