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Feb 23rd - Daily News

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elmeroxas
Traffic Value: $51.43587 Philippines
0 like this post 1 people
24/02/2015 03:43
meaning, all my investment in FTQ will be swap for shares... sad
hayrog01
Traffic Value: $822.81278 Australia
0 like this post 0 people
24/02/2015 03:48
Thanks for the answer yallit
boilermaker
Traffic Value: $723.49201 South Africa
0 like this post 0 people
24/02/2015 03:53
Jo please just answer this, when will the next swap be after this?
you can close the ftqs down if this is going to be a regular happening like its seeming to become.

Please reply on this Jo. next swap, when?

tx
yallit
Traffic Value: $2,148.94717 Philippines
3 like this post 0 people
24/02/2015 03:57
@boilermaker, it's too early to ask for the next swap when we're not yet done with the upcoming swap. It all boils down to whether or not there's a need for another swap.
druth8x
Traffic Value: $22,417.44153 United States
2 like this post 0 people
24/02/2015 04:00
Rich did actually give a timetable in one of the news posts about when the next and final swap will be.

I think it was Summer 2016.

But, yes, it will all boil down to when is the right time to do so.

And, he really thinks it will be the last.
boilermaker
Traffic Value: $723.49201 South Africa
0 like this post 0 people
24/02/2015 04:01
man, we need to know, whats the use you go and shoot yourself in the foot by investing in a ft and get it flippen swapped for peanuts again.
boilermaker
Traffic Value: $723.49201 South Africa
0 like this post 2 people
24/02/2015 04:03
it realy comes across, and sorry for saying so, but it comes across as if Jo really dont care and has no respect for the people that are building his business for him.

First time in my life ,i heard a boss of a company say flat out he dont care about his staff, coz basically thats what we are, arnt we?

Not good.
boilermaker
Traffic Value: $723.49201 South Africa
0 like this post 0 people
24/02/2015 04:04
and i really really had so much respect for him and what hes done here when i started.
lokebmk
Traffic Value: $3,170.45051 India
3 like this post 0 people
24/02/2015 04:05
Jo come for morning brake fast ....grin

AnilSuthar
Traffic Value: $760.15377 India
0 like this post 0 people
24/02/2015 04:07
I DID NOT GET YESTERDAY'S ADS, WHERE ARE THEY ?? THE CRON IS SCARING ADS SO THAT THEY DON'T COME TO ME cwy
yallit
Traffic Value: $2,148.94717 Philippines
1 like this post 0 people
24/02/2015 04:09
@boilermaker, the swap is always a last resort. So if the new programs in the pipeline will add value to MTV and be able to pay out the new FT investments that will pour in after the upcoming swap, then we may not have another swap for a year or so.
jobenvy
Traffic Value: $236.92954 Philippines
2 like this post 0 people
24/02/2015 04:15
I have a theory i think JO is doing a BAP-shares swap now early and placing that 60 day hold because he feels PayPal is NOT coming back. My theory is JO will build another PTC website for us. We'll still have MTV to mess with until the new site comes up. He's covering his ass making sure everyone has their investments off paidverts just in case.  I just wish he'd be more open and tell us, but its pretty damn obvious wink
dukecloud
Traffic Value: $56.84123 Philippines
0 like this post 0 people
24/02/2015 04:25
what about cashout jo?
can you make it today?!!!!
iworknet
Traffic Value: $400.67513 Philippines
3 like this post 0 people
24/02/2015 04:26
@ paidverts - Administrator


"1. We will be swapping all BAP & FTQ investments for shares, at a rate no higher than $0.35/share, between the following dates: Mar 30th - Apr 2nd."


Please Do not change this period date so we can make proper adjustment with our hardworking investment.


We noted this coming plan so please, Don't change it, consider us in this matter.
richiem
Traffic Value: $680.27326 Philippines
0 like this post 0 people
24/02/2015 04:31
No ads.

The wait... waiting for a programmer to wake up and do something about the Cron.

Waiting for Slosumo and Jo to wake up and say something.

No ads.

Ad filter at $0.0005, but no ads.
MikeMazzone
Traffic Value: $1,181,925.44366 United States
1 like this post 0 people
24/02/2015 04:39
Carlos is absorbing the small shortfall in bank assets (to prevent us having to sell bitcoin so cheap). So that'll save us a lot of money.


I wouldn't be so sure bitcoin is cheap.  That $178 support level from 6 weeks ago might not hold 6 months from now.  This course of action may cost a lot of money rather than save it.  The recent incident with Yan actually shows the superiority of fiat currency to bitcoin.
yallit
Traffic Value: $2,148.94717 Philippines
14 like this post 0 people
24/02/2015 04:41
@jobenvy, the reason for the swap is right in front of your eyes. You just need to check FTQ, Results Card and PV's System stats. And of course you need to have an understanding how the business model works.

- PV invests 50% of the ad pack purchases in FT or shares to repay PV members.
- FT repayment has started to slow down. Sure, the last entry still shows that it was repaid within 83 days but if you check the Results Card, you will see that the next rounds will take longer to complete.
- the Results card shows an average revenue of about $20K daily. These past 3 days, it's below $10K. The amount shown in the Results card is used to repay FT investments.
- PV purchases have dwindled. Purchases is down to around $20K daily or even less. Take note that 10% of the revenue of PV goes to the Results card.

That being said, we have a good amount of development funds since 74% of investments in the FT goes to Development funds. The problem though is that they're not being used at the moment to create new programs that's supposed to contribute to the Results card.

Let's say Jo decides not to push with the Debt Swap and simply waits for the new programs to be implemented, here's what's expected:
- FT will take twice or even thrice longer to be repaid
- Since PV's big investments is locked in Rounds 55 and above, there won't be a substantial supplement to the daily ad issue. With just $20K ad pack purchases daily, that means the minimum expected ad issue is just around $2K.
With that kind of results, MTV and PV won't be too attractive to new users at all. Of course, we can hope that the new programs add new revenue to clear out the FT investments fast but how long will it take to do so?
mamun94
Traffic Value: $112.18605 Bangladesh
0 like this post 0 people
24/02/2015 04:53
I also like that. I think that is the great .......<3
chrismedina
Traffic Value: $127.20102 Philippines
0 like this post 0 people
24/02/2015 04:53
@yallit
Bro..I need to confirm..after the bap swap, all our bap will turn into shares at 700bap per share
After that we will going to sell shares at the price of 0.35???is that correct? What do you suggest if my assumption is wrong?
HasinthaKJ
Traffic Value: $2,462.55898 Sri Lanka
1 like this post 0 people
24/02/2015 04:56
@paidverts/jo


can you release cashout today. 
so we could know what is our next step???
please..
hoping for response regarding this matter.
thanks
$2,632.52 $153.48 5 Days, 4 Minutes
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Forum - News - Feb 23rd - Daily News
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