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Nairaland Forum / Nairaland / General / Investment / Don't Panic!!! Mmm Will Be Back And Better (831 Views)
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Don't Panic!!! Mmm Will Be Back And Better by jomarick(m): 8:21pm On Dec 16, 2016 |
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Re: Don't Panic!!! Mmm Will Be Back And Better by Basalt(m): 8:51pm On Dec 16, 2016 |
jomarick: May God bless you sir. At a point I started thinking if all nairalanders have suddenly gone dumb or just being devilishly ridiculous. MMM will bounce back come January and they will all be put to shame. They are mere sadists 2 Likes |
Re: Don't Panic!!! Mmm Will Be Back And Better by PapaNnamdi: 9:28pm On Dec 16, 2016 |
Basalt: I love it that it happened like dis, u ppl will hope till Dec nxt yr, Shebi fg warn una, cbn warn una, even Seun did not promote mmm posts yet u ppl Wey ph ing now una money don enter 1 Like
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Re: Don't Panic!!! Mmm Will Be Back And Better by Basalt(m): 12:27am On Dec 17, 2016 |
PapaNnamdi: Bros even if MMM don't come back, I will only feel for my downlines. My life has really changed through mmm since I joined in June. So even if it comes to the worst, I will thank God for everything. I borrowed 200k from my mum to start MMM, but I happily returned it in August and have made over million naira from MMM, if you doubt me, chat me privately and I will send you pictures as evidence. It baffles me when you people laugh at yourself and mock yourself as if you are by any means better than those affected. January, all of you will be put to shame. I will quote this envious comment of yours then and laugh at you with my alerts. EVEN AS OF TODAY, WITH MAVRO FREEZING, I STILL PROVIDE HELP I urge everybody to place a PH order right now, let's put nairalanders to shame 1 Like
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Re: Don't Panic!!! Mmm Will Be Back And Better by inspiredabbey(m): 2:08am On Dec 17, 2016 |
The problem with Nigerians is that we are too sentimental and don't face reality. I tried my best to dissuade my friends from signing up to MMM by explaining to them that MMM is not sustainable on the long run and may likely crash by December2016, I studied Ponzi Schemes extensively even before MMM came to Nigeria and I can authoritatively state that MMM scheme in Nigeria will crash finally by first quarter of next year(If it has not crashed already). This is based on the following facts and figures. 1). MMM is not an investment. The sustainability of the scheme is based on the model that at any given time the number of people providing help will be more than the number of people getting help. 2). As at November 2016, the number of people that want to get help has exceeded the number of people providing help. The administrators of MMM tried to make more people provide help by increasing the bonus for people providing help. But due to the fact that Nigerians generally experience cash scarcity towards the end of the year and the campaign by government agencies against MMM,the number of people providing help declined further. 3) MMM Nigeria was not originally designed for the rich elites. The administrators did not envisage that Nigerians will be putting huge amount of money in the scheme at once. But trust Nigerians. Some people even borrowed huge amount of money from banks to put in MMM. While it is easy to match people that put in spare money like between N10,000 and N500,000, it is difficult to match people that put in millions of Naira. 4 ) I also suspect element of massive frauds on the part of the administrators of MMM. It is possible that the administrators opened multiple accounts in different banks and asked people to provide help into such accounts. (Especially huge amounts). 5) We cannot compare MMM in South Africa to MMM in Nigeria as the two countries operate different economic models and the spending patterns and risk appetite of Nigerians is different from that of South Africans. Conclusions 1) I sincerely sympathised with those that may likely lose their money to MMM but I will advice them to take it in good faith and as a lesson that there is no free lunch. Financial success comes from diligent planning and hard work. 2) Nigerians should face the reality that MMM has crashed or may soon crashed. 3) Do not laugh at those that are stuck in MMM scheme. Empathised with them and be willing to assist and counsel them so that they do not harm themselves. 4) The government did not take proactive steps to prevent its citizen from falling prey to this fraudulent scheme. To be fair to the government, enough warnings against MMM was given by CBN, EFCC and SEC but government should have gone further by going after the administrators at the initial stage.(China did it) |
Re: Don't Panic!!! Mmm Will Be Back And Better by PapaNnamdi: 7:40am On Dec 17, 2016 |
Basalt: Even if u PH till January, remember that so many ppl will be waiting to GH in January, Mmm is frozen like ice fish, count ur losses and move on bro, ultimate recycler don resume ponzi u can b part of d tjay |
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