Thursday, June 22, 2006

Time to get serious

Ok, It really is time to get serious...

This is simply a heads up call to all those aspiring entrepreneurs who have recently suffered from the varied fiascos that have decimated your faith and more importantly your cash flow from your on-line efforts to achive your dreams.

As I predicted 5 weeks ago... It Is Happening All Over again

It seems that various website owners are now OFFICIALLY in PANIC MODE and trying to blame it on e-gold...

Some have simply frozen accounts, while others have closed with a half-hearted but well-meaning promise of refunds (yeah right), although they beg for understanding that it might take months to get some, if any, back.

It is the StormPay fiasco all over again.

Just a convenient excuse to shut up shop or at the very least re-arrange their entire program by changing the terms that they operate under. And what option do you have if you don't lie the "new" terms -- they already have your money.

If they did as they profess and used the "upgrade" funds to actually invest in other ventures they wouldn't be caught with a large balance in "any" processor accounts and therefore couldn't be held hostage by any thing that affects the processors.

Granted they might have some small losses but at most would be a couple of day's worth of transactions. Not the program crippling amounts that they are alluding too.

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