A Phoenix Surf Update

Quoted

PhoenixSurf did a conference call today basically
announcing that the current payout structure is not working
and that the members will be refunded their money. They intend
to restructure the plan but this time only offer this to
NME members.

You shouldn't ignore warning signs regardless of how you feel
about a program, the DDOS attacks were faked to help stop the bleeding
from their losses in e-gold a few weeks back but never posted it
because none couldn't confirm it.

Ok... I wasn't in on the call, and am only able to piece
together what is going on from those who were on the call.

So, help me to see if I understand this correctly:

There is over $720k stuck in EMO still.

There was $500k taken from PS's e-gold account.

There was $2 million that was either taken by someone
within the company or someone from the outside got in.

The admins of NME ran numbers this weekend and it was
determined that continuing to run PS as it currently stands
is not feasible.

Everyone's principal will be refunded, PS will be revamped
with a new earning structure, then reopened -
but only to those who sign up for NME.

Can you please confirm or correct these for me?
I'm very much in the dark as to what is going on.

Thanks!

Rob

End of Quote

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