17th February, 2009

We are currently facing a peculiar situation that did not arise out of a crisis. In fact there is NO crisis at all. But it eludes us WHY a sizeable number of Investors have been suddenly influenced by a surge of irresponsible, uninformed motivated ratings and status remarks being handed out by a few public forums. We are swamped by a stream of requests for withdrawal of Principals.  Just at a time when we were trying to grapple with the effects of a purely temporary but unprecedented issue with one of our major FSA-approved brokers, a few members have chosen to land us in some kind of inconvenience by putting us under a pressure of tackling withdrawals of a huge volume of principals in addition to interests. We have therefore, in the larger interest of the majority of our members who have reposed so much trust in us, and with the paramount objective of keeping our ship stable, taken a decision that sounds unpleasant, but is aimed at securing the good of all.

The decision is very simple. We are putting a hold on all requests for PAYOUT of Principal amounts till the 1st of May 2009 or until we catch up with the last pending interest withdrawal, WHICHEVER IS EARLIER. No request for withdrawal of principal shall also be recorded till April 15.

Our topmost priority now is clearance of Interest payouts. This is how the backlog-planner looks like. Check your standing and let us know ONLY if we miss you out.

Interest WITHDRAWAL REQUESTS MADE UPTO ( 05/02/009 ) SHALL BE CLEARED BY 29/02/009
Interest WITHDRAWAL REQUESTS MADE UPTO ( 10/02/009) SHALL BE CLEARED BY 12/03/009
Interest WITHDRAWAL REQUESTS MADE UPTO ( 17/02/009 ) SHALL BE CLEARED BY 19/03/009
Interest WITHDRAWAL …

You may kindly continue to ask for your interests in the normal course. We are delayed, we know that. BUT SOME OF OUR MEMBERS ARE GROSSLY MISTAKEN TO THINK THAT this means the earth is moving! NO … THAT IS NOT SO Nothing will change for our committed members in the long run, but we will change the way we work.

We will start paying off principals FROM THE 1st OF May ( latest) and also recommence the normal payout schedules hopefully with all backlogs cleaned up, both for principal and interest. In case we fail to repay any principal after the 1st of MAY, Fx-Interest.com shall pay an additional interest (FROM 2nd May ) on the returns for the specific plan in which the investor had deposited. This will be 0.5 percent for Daily plans, 2 percent for weekly plans and 5 per cent for monthly plans. (ON AND FROM 2nd May 2009 TILLTHE DATE WE CAN REPAY THE PRINCIPAL). However, since Fx will go private from 1st of March, investors who have asked for withdrawing their principal investment, shall NO LONGER be retained or accepted as members of Fx Interest.com. They will be members ONLY TILL THEIR PRINCIPALS REMAIN PENDING WITH US . They will not be allowed to sign up afresh.

We are obliged to our dedicated Members and supporters who have stood by us. In fact they have started a new thread on the Forum requesting sanity. You make us proud! As Fx goes private, you are the ones we will work for. The time has come to shed flab.

Quite a few Members have taken back their requests for withdrawal of principal. We thank you so very specially and hope others shall see your reason and follow. Of course, we leave the choice to you.

We will have regular updates on the withdrawal situation. We are not going places!
Thanking you for everything,
With best regards
The Fx-Team

 

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