Wednesday, May 30, 2007

IMPORTANT UPDATE ON COF

This is the latest update on COF Payouts.

Basically, Cayman is on a business trip overseas & will be back by June 14th. He reassured that everyone will get paid. What he wants to do after he's back is to start paying everyone their principle back (including your compounded principle which's the current principle not yr original principle) less any payouts that has been made, that way at least some of you will still get your $$$ back. After that, he intends to pay EVERY QUARTER around 15% on your original principle until you made some good profits.

Due to some unforseen circumstances beyond his control, certain offline & online investments didnt actually deliver what he expected (alot of reasons behind too complicated to explain right now) & hence partly of the long delayed in the payouts. But dont worry, he assured that NOONE will lose a cent in COF & he'll be liquidating some of his assets & will expect the refund of the principle to everyone completed within 90-120 days after he returns.

The method of payment will be either US accounts, Australian accounts, ceptrust & debit card (still looking into it).

Thank you everyone in advance for your patience!

P/S: Please DO NOT talk trash in the MMG thread as Cayman will be monitoring it & it's up to his discretion whether you'll be paid back or not.

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