Re: earnbyloaning.com
This is an outline I posted some days ago about some of what was discussed in EBL's last conference call.
For those who missed the conference call last night at 7 PM (March 17th, 2007, US Eastern Time), let me tell you that you missed out on some great information as well as fun.
I feel a lot better about EBL after attending. We now know that EBL, the company, is so strong now it has a reserve fund. If the company had to pay every member’s loans (principle plus interest) right now, there are enough funds and then some. (Please note that members are making personal loans to EBL/Quest Holdings Inc.; and as such, does not position EBL/Quest Holdings Inc. in the Registration need for SEC licensing because they are not consulting or providing investment advice.)
There was a lot of talk about the new software that is being coded right now. Among the features of this new software is the ability to electronically sign your contracts--no more scanning, faxing, or mailing in your contracts. The new software will also keep track of your finders’ fees, your loans, as well as your referrals' loans.
One of the things I did not like, but is now a necessity thanks to uncle Sam is that due to the fact that EBL was investigated by homeland security and PayPal for a $10,000 international deposit via PayPal (which they passed with flying colors), EBL will now in the future be forced to keep records of it's members via photo IDs and proof of residence (address). Similar to what Asian Pay and Alert Pay do right now.
A new VIP plan will also be offered in the future for those who would like to take more risks. You will be able to negotiate the return rate on your loan and whether you will like it to be a variable or fixed rate of return. Of course more info on this and who will qualify will be made available when the plan is introduced.
There was more detail, I am just giving you an outline of what I remember was discussed. In the future, if you are a member, I would recommend highly that you try and attend these conference calls; you can attend through Skype for free!
Edited 10/7/2007 per a request from EBL support.
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Last edited by NelsonN : 10-08-2007 at 11:41 AM.
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