switch47: MINUTES OF MEETING FROM MMM GUIDERS MEETING OF WEDNESDAY 21-12-2016
*1* The programmers are busy working towards implementation of the new model. In this new model it won't be possible for GH to be more than ph. It won't be also possible for everyone to GH at once. Once implemented we will resume activities.
*2* Keep your down lines updated with the latest info. Keep the communication lines open.
*3* Unfreezing should happen before 14 January 2017 if implementation of the new model is completed
*4* Change of guiders button to appear anytime soon most likely this week.
*5* Soon the guiders school will be automized and will make it impossible for mentors to manipulate it.
This is a confirmation that Chuddy and co Guiders had opportunity to manipulate the MMM systems before.
switch47: *6* MMM is coming on board as promised and will be stronger than ever before.
*7* Encourage everyone to PH cos their mavro keeps growing
*8* You will be able to GH once the mavros are unfrozen
*9* You wont be able to get the Christmas bonus if your new PH is lower than your last GH from when it was announced i.e 7th Dec 2016.
*10* Phone number verification exist in other countries and would be implemented in Nigeria very soon
*11* We will overcome and you will see that. Thank you
These people are so bold and confident that they have many gullible members, if not why are they asking members to continue "PHing". This is the time to minimize losses by not "PHing" for now.
switch47: anybody who plans to GH and run away without Providing help will be a loser because next year MMM NIGERIA will be stronger than ever !! for your information MMM Nigeria is here to stay ..... the propaganda against it is just a waste of time .... there are many other programs like it .... it is a movement ..... even the press and the government can not stop the MOVEMENT .
It is neither the press nor government that will stop MMM but MMM itself, by freezing. Exactly what has happened to MMM in Nigeria.
Let me explain in simple terms why pyramid schemes are not sustainable.
For simplicity, let us assume a world with population of 1 million people and each person holds 100 Naira. The total money in circulation would be N100 million, since there is no production the total money won't increase.
Let's look at a simple pyramid scheme. A participant is expected to "PH" N100, bring in six new participants and "GH" of N600.
This is what would happen. Level 1 Participant: The creator (Chuddy) will easily bring in six new participants and collect their N100s. At the end of the day, he ends up with N700. Mind you, he didn't "PHed" to anybody.
Level 2 Participants: For the 6 participants to fully "GH", they will have to bring 36 new participants into the scheme. They part with their N100s too and the level 2 participants would now be worth N600 each.
Other Levels: The 3rd level participant will now require 216 new participants.
Level 4 will need 1,296 new people. Level 5 will need 7,776 new people. Level 6 will need 46,656 new people. Level 7 will need 279,936 new people. Level 8 will need 1,679,616 new people. Level 9 will need 10,077,696 new people.
Now this is the most important thing about pyramid scheme, the freezing point.
In our case study, the scheme can never reach Level 8.
Why?
The scheme now requires over 1.6 million people to move on. I hope we still remember that the total population of this imaginary planet is only 1 million. Extra non-available 600,000 people are required to ensure the participants on Level 7 fully "GHed".
It is the point this point that this particular pyramid scheme would freeze.
Gooodnews: this wouldn't have happened if people had participated with small money, N100mil could have bailed them out but as usual greed and now it has happened, they won't bring all the money money made, after all, it was supposed to be provide HELP, they will only bring a fraction of what they have made out it.
God dey
they said that if one way close, another one do open. with bitcoin, all the lost coin shall be regained. you may wish to join me through my signature.
Renegrade: I saw a post on NL and I joined this UC group, they are very fast and they care about their team members, I got paid my first 12.5k in a day. People are getting paid by the hour
It is only a greedy person that will want to reap where he did not sow.
NgeneUkwenu: Leave them, to continue living in denials..I have bought enough ropes for my neighbours who invested Millions...in case they need it on the 14th January..
Honestly, I really can't understand these people at all. Instead of thinking how to cut (minimize) their losses, they are talking of "PHing" again. Can people be this stupid or naive?
The Board of Inquiry actually showed that, as at the time of the incident, the unit’s water tanker still contained water, but a soldier mischievously concealed it. That soldier was charged and punished accordingly Lol..,..... How one person go take hide water tanker?
kstix: I knew there was something fishy about that video. But quick question. How did one soldier manage to conceal a whole water tanker? Evil that men do.
That question says it all. Nothing is fishy about the video but the NA statement.
VajanahDischaj: illiterate! does MMM give to ppl? see otondo like u don mumulishly click 'like'.
no wonder u guys hate MMM,ignorant saddist. LOL
The quality of your contribution made me laugh.
I joined NL more than 10 years ago, precisely in May 2006. Take a look at my profile and read some of my past posts. A very intelligent person would easily discern the kind of person I am.
samsonkjohn: Some biggotten comments can be irritating, you are here following Nairaland like ur life depends on it, fools, you know noting about MMM, only mere stupid financial interpretations, as if you have gone for any business school or even iCAN b4. Nonsense. Movrodi as brought change and a freedom from mental financial slavery, instead of you to study how it works , u keep blabing bullshit. MMM as come to change for good.
This puase mode shows that MMM as financial security for everyone and ensures no one looses any money be it new or old participants
When it opens by January you will come back and beg to join. God bless Movrodi, God bless MMM . Together we change the world
candidbabe: I think I will invest triple of what I did on November when it comes back on January. My money will never be dormant in Nigerian bank.
I thought I read that participants can still to continue to provide help. You don't really have to wait till January before moving your money out of the bank.
HenryThegreat1: . look at who is saying is not greedy. very easy to said. the truth is that u don't have capital simple. I joined September here but God have used that platform to wiped away my tears.
I joined NL in May 2006, take a look at my profile and read some of my past posts. A very intelligent person would easily discern my nature.
There is great gain in Godliness with contentment.
HenryThegreat1: mmm is still alike. between Monday till date I have pledged help of 500k for me and people under me. keep deceiving urself. nairaland yeye online platform
You better keep the "few change" you have left in order to minimize your loss. I can tell you without any fear of contradiction that this version of MMM is dead. For sure, another one will resurrect in the near future. Gullible and greedy people will still participate and late joiners will lose money heavily again. And the cycle continues.
It is not rocket science to prove that MMM or any other pyramid scheme is unsustainable. Take a look at the pyramid chart below. If you join the scheme late and you're on level 13, it would require the population of the whole world to participate which is impossible.
A venture that it is not creating wealth (production of goods and services that are paid for) cannot share or distribute wealth (in form of interest, profit, gains, dividends etc.). Anyone that expects otherwise is either greedy, naive or simply stupid.
"Baba Ijebu" and other types of game of chance (that are licensed by government) are much better for risk takers, though I am not recommending them for people ooooo because "me I no dey gamble".
Dc4life: Honestly, people should grow up, why rejoicing because people lost huge amount of money in a quest to enrich themselves? Heard stories of single mothers who managed to carter for their children with the lil profit they got from mmm, in life we just have to take one hard quest in order to succeed. I never liked mmm scheme but I believe mocking/celebrating the lil problem that came up is uncalled for , we should learn to act like adults in all our doing , mmm is still better than fraud.[/b]
Profit is the surplus of Gross Turnover over Total Costs. How did she arrive at profit when there was no business activity that should generate Turnover?.
Seunjungle: All I noticed here is that it is bad belle people that dominates the entire social media. I don't know what gain they will get if MMM crash today which will never happen because they still maintain their(MMM) stands and credibility in those countries that had faced the problem MMM Nigeria is experiencing now. We Mavrodians still have 100% hope in MMM. We are the ones that put money, I don't understand why you guys are crying on behalf of us..did we complain? What you don't know is that it take great mind to be an achiver of good things in life. Like what chuddy just said that majority of bloggers bastardising this scheme even did it, just that they are looking for ways to extort you fools! Who among you can give me one or two countries where MMM was before and no more there because one reason or other?am waiting
Great minds? How?
I see gamblers on the street everyday, what made them great?
Great minds are inventing, make discoveries, doing great exploits!
Sexxkillz: [color=#000030]There's nothing for you to remind me of. Use your brain. This isn't like a mathematical equation where you're asked to find "X". . . You're only asked to use your brain.
If MMM reopens in January, they'll only ask you guys to deposit more money "PH" before you can receive your money "GH". And as predictable as you dumb heads are, you'll deposit more money and that's when it'll finally Pack UP!
You invest in a scheme that isn't a business, a scheme that only relies on new members to pay old members, and you expect it not to fail?
Your brain power and a dead battery = the same fucking thing.[/color]
Honestly, I still can't understand how people fell for this stupid fraudulent scheme.
FortuneTeller: The replies in this thread are examples for why countries don't want Nigerians. No one has condemned the man for fraud. No wonder there is so much suffering for evil Naija.
This country is fast becoming irredeemable. We have lost our morals completely. It's a shame.