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MMM Blocks Withdrawal Of Funds For One Month! - Investment (14) - Nairaland

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Re: MMM Blocks Withdrawal Of Funds For One Month! by Nobody: 9:40am On Dec 13, 2016
Mmm has done the best thing,for there system not to crash,that how they did last yr,so don't be panic

2 Likes

Re: MMM Blocks Withdrawal Of Funds For One Month! by DJMCOTTY(m): 9:40am On Dec 13, 2016
Whitemoney:
My 1.7 million, oh why why.. I don't believe
you can lie... tongue

1 Like

Re: MMM Blocks Withdrawal Of Funds For One Month! by ekesoft(m): 9:41am On Dec 13, 2016
Appdriod:
This message appears on every participant of MMM as they log into their PO



Mavros are the unit of pseudo-currency used by participants. (Mavro is shown below in the MMM Android app)
Mavro, while in the system, grows at a rate of 30%.

A confirmed Mavro refers to a pledged amount (Provide Help) that has been redeemed (Paid to another participant).
Frozen Mavro is not an alien term in the Mavrodian (what Participants of MMM fondly call themselves) circle. Mavros after being confirmed stay frozen for certain period of time, until it's release date (usually less than 3 weeks).

In a recent Christmas promo launched by the website, additional 20% accrued bonus was added to all who made pledges, this led a lot of faithful Mavrodians to make pledges. They were mostly matched to pay their pledge faster than usual.

It is unclear if during this mandatory 30days of being frozen, whether frozen Mavro will grow.


All things being equal, some of the implications of this would include:

1. No participant can get help (withdraw the already paid money) until January 12th 2017.
2. Due to number 1 above, no participant can Provide Help (pay money) since no one gets paid till January 12th 2017.

The news broke at 1am Tuesday morning, a day always anticipated by Mavrodians as Mavro Day, since Mavros grow on Tuesdays and Thursdays. Hence many participants wait till Tuesday morning before asking to Get Help (make withdrawal).

It's been claimed by participants that the same scenario played out in December 2015, hence they are calm assuring every member that it is not a crash landing.
Guy what browser do you use

1 Like

Re: MMM Blocks Withdrawal Of Funds For One Month! by jollymizzle(m): 9:41am On Dec 13, 2016
nanya124:
Some days ago,I heard MMM Nigeria has about 3 million participants out of over 170million population Nigeria has. Does it mean that MMM Nigeria has already grown to its peak?
mmm gave that figure to convince people that the market wasn't saturated. It's lies of course. Many pple are the already operating multiple accounts already. Take the no of pple following this thread and you can estimate that maybe 20million Nigerians are participating already and many with multiple accounts

5 Likes

Re: MMM Blocks Withdrawal Of Funds For One Month! by epistleNow(m): 9:41am On Dec 13, 2016
markpenk:
Unless a significant number of those GHing are actually pseudo identities created by the company itself and tied to a few ACCTS around the country thus making it easy for them to cash in big time. undecided. Same thing applies to those using bitcoins.

Just thinking out loud, didn't mean to alarm anyone.


That there is a script, hopefully not played out.
Re: MMM Blocks Withdrawal Of Funds For One Month! by MaziOmenuko: 9:41am On Dec 13, 2016
See number of people viewing! This one don pass Nairaland football viewing centre!

Lucky enough, seun was fair with the topic: if to say 'crash' enter anywhere there, una for know how far by now.

4 Likes

Re: MMM Blocks Withdrawal Of Funds For One Month! by MurphyInc(m): 9:41am On Dec 13, 2016
*DEAR PARTICIPANTS*

1. It's not too good news that all confirmed mavro are frozen for 30days.

2. And it's not the right timing for this to be implemented considering the news about 14th Dec. previously escalated by the media.

3. We all know the mmm community has helped a lot of people, yet many are hurt due to this sudden decision.

4. I believe we all will support what will sustain the community beyond 2016, but must be done by putting the participants at the forefront of decision. Because the system is participants-based system.

5. On the other hand, things are done in other to sustain the community. Even the 30days frozen period has been implemented by other platforms.

6. The scenario is December will witness high or massive withdrawal (GH), PH is expected to reduce because many wanna celebrate the festive period with what they have, while few are ready to PH.

7. If all that have mature Mavro should GH, the tendency of them being paired and help provider uploading fake pop will be high.

8. We would have preferred gradually that some mature GH are frozen while some released. And as more people PH more, GH are matched. And others are unfrozen. The decision lies on MMM admins which I believe they understand how this things should work out but sample opinion should have being gotten from participants. And I think it was an oversight.

9. I know it's not easy for us to bear especially this time around. I want us all not to loose hope.

10. Discussions ongoing on guiders platforms on how best to reinstall the commitment of participants to avoid total panic.

11. No one is praying for the end of mmm. It's just a frozen period to avoid excessive GHing. We all know that if GH exceed PH, there is bound to be problem. proactively this decision was taken.

12. Despite we were warned to PH our *spare money* many borrowed to PH. And we have also noticed people not obeying the PH n GH monthly. These lapses are also not helping.

13. *I don't know the best way to convince anyone now.* I have received countless calls n message this morning. All I could buoyantly say is, let's all encourage ourselves and stay together during this period. Believing n hoping the challenges fissile out like vapor.

14. No perfect system out there but we all need to work and agree towards making things work out same time. *One month frozen period should not scare us*..... we should look forward to MMM sustainability.

*On behalf of the community, I apologize to any inconveniences and challenges we are all experiencing and which I also know u have the responsibility to also talk to your downlines and encourage them about the mission to sustain the community.*

_*The process of implementation might be wrong, but the vision to sustain the community is more key than satisfying few participants*_

*LET US ALL STAY ALERT* *stay strong, stay focused and remain encouraged. It's our community*

Thanks

*GUIDERS*

3 Likes

Re: MMM Blocks Withdrawal Of Funds For One Month! by aku626(m): 9:41am On Dec 13, 2016
Bro when something is frozen it don't grow, its frozen continue next year. I believe you would not be able to withdraw all your cash all at once when they resume.

prime5052:

Yea,it's all frozen but its still growing grin i can wait till next yr tongue grin
Re: MMM Blocks Withdrawal Of Funds For One Month! by UjSizzle(f): 9:41am On Dec 13, 2016
obayaya:


Don't get it twisted...

MMM has just crashed for good...
No it hasn't

1 Like

Re: MMM Blocks Withdrawal Of Funds For One Month! by Whitemoney: 9:42am On Dec 13, 2016
DJMCOTTY:
you can lie... tongue
mind your business son

1 Like

Re: MMM Blocks Withdrawal Of Funds For One Month! by Nobody: 9:42am On Dec 13, 2016
Seriousboy:


You got to have positive mindset when comes to investments, even though you are not a member of MMM, don't expect others people's investments to crash it might backfire your own investment if you have one.

#ThinkPositively
#Nopanic


You call ponzi schemes an investment? What then will you call real estate? Over-investment abi

10 Likes 1 Share

Re: MMM Blocks Withdrawal Of Funds For One Month! by Rilwayne001: 9:42am On Dec 13, 2016
chinnyonwu:

Pls shut the fork up. Your religion and intuition forbid it, yet you decided to do it but only got saved by Holiday.
You didnt know it was evil? Fooool?
It didn't beat your imagination when you decided to do it? Fooool?
You didnt see the warning and still decided to go ahead? Foool?
What gives you the confidence to criticize victims? Fool?
May Sango strike your nyash.

Hehehe grin grin grin meanwhile this same step of freezing the account was exactly how they scammed people in south africa.

I tell you, you will cry your ass out for the rest of this month cheesy

6 Likes 1 Share

Re: MMM Blocks Withdrawal Of Funds For One Month! by smark61: 9:42am On Dec 13, 2016
Hmmmm i'm aving mixed feelings o...I told myself dat I will ph 50k dis December but ended put giving out way more. I just hope n pray it does not crash till my money comes back
Re: MMM Blocks Withdrawal Of Funds For One Month! by Culin(f): 9:42am On Dec 13, 2016
Crash system is when we log in and do not see the website, Ultimate cycle went offline without informing her members. MMM has given us the reason why they did what they have done. We need to Trust them and believe that the overall Success of the Community is paramount to them. Remember we don't pay to MMM we pay ourselves so what do they gain if they close down the site? Be encouraged and plan towards GHing after the three weeks, if you have been matched to pay trust the system and please go ahead and pay while watching your Mavro grow to be withdrawn after three weeks from today. So PH and PH while your mavro grows.

#ISTANDWITHMMM

5 Likes

Re: MMM Blocks Withdrawal Of Funds For One Month! by SilaV: 9:43am On Dec 13, 2016
[quote author=SilaV post=51884789]I sincerely do not want MMM to crash; not because I have any money in it, but I believe it has helped a couple of guys that joined early in some ways.The ONLY WAY MMM can bounce back is to use this technique that one of the similar communities is using.The technique is that you MUST PH for the SECOND TIME before being allowed to GH for your first PH ;and this second PH you are to make must not be less than the first PH you made. With this system in place, there will always be money available for every potential participant that will want to GH. Also, there won't be anything like people making panicking withdrawal because there is the trust that the last person that GHep also has money relaunched into the system.What this means is that anyone that feels like withdrawing his/her membership will still leave money into the system to cater for those that are to GH.I believe if MMM can implement this, the system will be on ground for a very long time.The only sacrifice those whose money is frozen now is to provide another help get in order to get their money back and let the system continues.If this is not done, no sane person will provide the help you need in January because it is evident that you will run away after being able to "survive" the heat.The Guilders and managers of MMM should take note of this information and implement it if they want a sustainable system next year.[/quote

3 Likes

Re: MMM Blocks Withdrawal Of Funds For One Month! by protocol(m): 9:43am On Dec 13, 2016
Chukzyfcb:
and today na my last day to complete 30days
pray against near sucess syndrome
Re: MMM Blocks Withdrawal Of Funds For One Month! by Limus: 9:43am On Dec 13, 2016
EVERYONE IS TALKING AS IF MMM IS THE ONE HOLDING YOUR MONEY.
MMM IN JUST THE MIDDLE MAN BETWEEN THE BUYER AND THE SELLER.
MMM PUT THE MEASURE IN PLACE AS A RESULT OF PAST EXPERIENCE.
MAJORITY OF PEOPLE ARE REQUESTING FOR HELP ALREADY WHY FEW PEOPLE ARE GIVING HELP BECAUSE OF XMAS
THEY ONLY DO IT NOW TO PREVENT PEOPLE FROM LOOSING THEIR MONEY AT THE LONG RUN.
PLEASE REMEMBER THAT MMM IS JUST THE MIDDLE MAN.
Re: MMM Blocks Withdrawal Of Funds For One Month! by Godtaye: 9:43am On Dec 13, 2016
I hope my pairer pays me
Re: MMM Blocks Withdrawal Of Funds For One Month! by tosyne2much(m): 9:45am On Dec 13, 2016
Chukzyfcb:
and today na my last day to complete 30days
Be like say witches and wizards dey use your picture take fan to themselves

1 Like

Re: MMM Blocks Withdrawal Of Funds For One Month! by Nobody: 9:45am On Dec 13, 2016
eddiebomba:


To show you how daft some of our youth are - they have smart phones, but theyre not smart; they don't have the sense to use those same phones to google the term Ponzi scheme .

What is a Ponzi scheme?

Who was the man named Ponzi?

They don't ask those questions; all they know is that "abeg forget dat thing, MMM is real, dem dey pay, I'm making cool cash Mehn! "(in Boy Alinco slang)

Well, one really hopes the price they pay for their willful ignorance isn't too steep! cos I aint gonna have no sympathy for no-one who entered this fiasco blindly!

Word!

See how internet dey flow like water nowadays (when I started using the internet in 2003...back then na to go to cafe and pay money before you use the thing....and for 2 hours maximum....unlimited browsing at night......now you can browse on your phone anytime!)....and see how google dey work well well.....yet some people will use google for downloading davido and psquare.....instead of educating themselves.

3 Likes

Re: MMM Blocks Withdrawal Of Funds For One Month! by dmcdad: 9:45am On Dec 13, 2016
ddippset:
I hope those of us on moratorium, they will use this one month to solve it?
You sef go change your account details? How long e don dey now?
Re: MMM Blocks Withdrawal Of Funds For One Month! by Ritzychic(f): 9:45am On Dec 13, 2016
trevolady:



I hope the person pays you, we ar in the same shoe embarassed
lol

[sub][/sub] I hope so too
Re: MMM Blocks Withdrawal Of Funds For One Month! by Nobody: 9:45am On Dec 13, 2016
UjSizzle:

You don see oracle na grin
I don't know if/when it will crash. All I know is that a December account freeze is not unusual. I don't even participate in this thing, yet I have better information than active participants. You folks need to ask questions more before dipping both feet.
you don't participate....m Hmmmm, you can tell that to Mavordi.
Re: MMM Blocks Withdrawal Of Funds For One Month! by 20dollarblogs: 9:45am On Dec 13, 2016
have you heard of SOLID INVESTMENT AND VASCO INVESTMENT back in 2004, i lot close to 200k then, same plan, same scheme
onatisi:

This happened in 2007 ooo. And up till now it is still like a dream,not because of the money I lost but because of the way and manner the whole thing was packaged. It was later I chatted with some Malaysians and they told me that the whole thing was setup in Malaysians and the it was the Europeans that lost most,some invested 10k dollars in it. Since then anytime I hear or see any of these scheme ,I always talk to myself aloud " onatisi remember deal2join".

3 Likes

Re: MMM Blocks Withdrawal Of Funds For One Month! by Nobody: 9:46am On Dec 13, 2016
dmcdad:

I dey ooo bruv, but i dey do am with sense. Not like alot of peeps wey dey use their last card.cheesy

U dey smart. I never had a thing for ponzi schemes so I no do and I no dey against who dey run am but some people phool well well. Dem go out their last card there
Re: MMM Blocks Withdrawal Of Funds For One Month! by obayaya(m): 9:46am On Dec 13, 2016
UjSizzle:

No it hasn't

Where are they going to get the cash to pay the peeps they are owing right now with interest?

Because whenever they unfreeze the accounts, nobody will be willing to pay in money till the dust settles at Least.

There's simply no coming back from this..

10 Likes

Re: MMM Blocks Withdrawal Of Funds For One Month! by progress69: 9:47am On Dec 13, 2016
anigbajumo:


Mmm is trying to avoid the risk of more people ghing for xmas. It is normal for people to need money during Xmas. They know GH may likely exceed pH. They don't want to take that risk. If they don't consider that, then problems are bound to occur. People will GH and will not be matched early. So to avoid that, reduce GH pressure and increase ph, which will be used to pay matured gh by January. I believe our participants will remain calm. You can see why we need to stick with a system that has been well planned out. Some other scheme may not have considered this, that is why, some of the scheme are bound to fail. Long live MMM.


You are putting your money in a scheme like the one u just explained? Blood of God!

3 Likes

Re: MMM Blocks Withdrawal Of Funds For One Month! by olajosy: 9:49am On Dec 13, 2016
I hope mmm participants will not start saying M- Mogbe!!! M- Mote!!! M- Modaran!!!

4 Likes

Re: MMM Blocks Withdrawal Of Funds For One Month! by tosyne2much(m): 9:49am On Dec 13, 2016
I just hope they come back oooo cos I feel sorry for a friend who called me with tears this morning

4 Likes 1 Share

Re: MMM Blocks Withdrawal Of Funds For One Month! by dmcdad: 9:50am On Dec 13, 2016
ollah1:


U dey smart. I never had a thing for ponzi schemes so I no do and I no dey against who dey run am but some people phool well well. Dem go out their last card there
I purposely stop PHing when November-December reach. Why? Because I already envisioned something like this happening before or during the yuletide. One thing about me is that, I think way ahead of a vast majority of people.

E make me come switch to GHW cause of their policies and some other considerable factors. Meanwhile, I too no dey fancy ponzi schemes ooooo. I just try this time, but with smartness and utmost caution.

2 Likes

Re: MMM Blocks Withdrawal Of Funds For One Month! by Culin(f): 9:51am On Dec 13, 2016
Good morning dear mavrodian!!! Welcome to *MMM pause mode* firstly what is MMM pause mode ; pause mode is a mechanism introduced to *MMM in 2011* to to salvage the community when there's panic in the air and to control the equilibrium between the provide help and get helped help que, during the period of pause mode all confirmed mavro shall be frozen to counterbalance the equilibrium between the provide help and get helped. And after when the provide help is greater than the get helped the system will come back to normalcy. This is a measure that's have been implemented in South Africa in April this year and people of South Africa survived it, and in may they are back and better, so it has happened in Nigeria just let us be steadfast and do away with panic. Media will surely carry propaganda against this but don't let this affects us. Please I enjoyed every up line to explained to their down line very well that we are on pause mode which shall be lifted in a Short time. *Long life MMM Long life Nigeria*

1 Like

Re: MMM Blocks Withdrawal Of Funds For One Month! by Setaje(f): 9:51am On Dec 13, 2016
onatisi:

This happened in 2007 ooo. And up till now it is still like a dream,not because of the money I lost but because of the way and manner the whole thing was packaged. It was later I chatted with some Malaysians and they told me that the whole thing was setup in Malaysians and the it was the Europeans that lost most,some invested 10k dollars in it. Since then anytime I hear or see any of these scheme ,I always talk to myself aloud " onatisi remember deal2join".



Please don't kill me wiv laugh. I have been reading your comments from the beginning. You mean say u still check if that websites exist!!!! Lmaooooo. The name sef get as e be!!! Hahahhahahaha grin

1 Like

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