Traderj

I won't say what it is, but members it seems are able to get on the site via the IP address I have not tried it personally but that is the commonly accepted route to go.

Well that is the funny part, Greg asked for 30 to 60 days to start making payments.. hmmm sounds a lot like PeterB, but I digress... anyway it's funny how he asked for that like 3 weeks ago but members keep saying well give him his 60 days to make good.. ummmmm why is it still 60 days? Don't the days now count?

It astounds me how many people really believe it's just all gonna be perfect.. much like the ClubFX thing now Greg is talking about everybody getting their principal back, I know if I "loanded" him 160k like some members have I would not be happy about that money having been in Greg's control for even one month with zero return on it.. forget months on end...

elanore

Deleted by me.

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Out of the mouths of babes you have founded strength...
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dag

I was ripped off by Legisi. I was suppose to get paid Aug. 15th, when I called the company they told me I would be paid Sept. 14th.
September 13th came and Greg wrote a long letter wanting 30 to 60 more days. I called 810-230-3205 and they told me that they would have to find the money to pay everyone. When I looked at the web site today it is GONE. I called corporate office and all they have is an answering machine. The office is CLOSED.

Traderj

God how I hate to be the voice of reason in anything regarding Legisi as quite frankly I think Greg is a very very poor manager and communicator as proven over the last little while and also by your experiences.

But having said that and in the interest of fairness I still think it's too soon to consider that anybody has been ripped off by Legisi yet. I stress the word YET.

Yes they have some serious cash flow issues no doubt about that. They also have some major staffing issues. There is also no doubt that Greg was rather arrogant when he set up the company and figured he could just host it on US soil and not have issues, that of course turned out to be false.

Loaning is a very gray area as far as the SEC is concerned and Greg might yet be charged with selling unregistered securities.. although that has not happened yet.

So have payments stopped? Yes they sure have, but there is plenty of proof to be found on the net that Greg, via Legisi owns millions of shares of stock. Some of it I will admit is penny stock and at this point not looking like it's got much value. But he also claims to have large positions in a few IPO's that are waiting to be cleared for trading, if this is true it's quite possible he could be able to get out of a large part of the financial mess he is in.

The question is, do we (you me or anyone) believe him about the IPOs? I am still on the fence on this one as I've seen no actual proof of it only of the penny stocks.

But when all is said and done Greg asked for 30 to 60 days from the latter part of September to try and make things right. He is far too visible, both his home and business information is out there for all to see for him to just vanish like so many nameless faceless guys.

So while there is a LOT of indication that in fact Legisi might have been just another well done Ponzi there is also some indication that it was not. As with all things of this nature only time will tell.

My Personal opinion is that the truth lies somewhere in the middle. I won't got into all the reasons for that here but there is a strong case to be made for why I feel that.

So don't give up on your money yet, but as with all things I hate to trot out the old stand by, make sure you never invest more than you can afford to simply walk away from on a moments notice.

J

Traderj

Hmmmmm ok I don't like this... it was just forwarded to me from an active Legisi forum member....

Where the money that was loaned to Legisi Holdings is right now is frankly nobody's business except Legisi Holdings. The only concern members have is getting their money back. This will happen as soon as liquid funds become available. Any more threads or posts speculating about the money, where it is, how much is it... anything of that nature will be deleted and those members risk being removed from the forum.

Welcome to 1940 in Germany folks, do what we say, think what we say and don't dare question.

This type of post from a Legisi MOD no less is what concerns me the most about the program and it's leadership.

I couldn't disagree with the point of that post more. It is in fact VERY MUCH the business of every single member of Legisi where the money is. As the comapany is NO LONGER living up to the terms of the LOAN, they should at the very least show all these members they are asking for patience from where the money is and why they should feel comfortable in waiting for it to be returned.

The post above is very much a scary turn of events in the good old Legisi history... the point that so many people can't seem to get is, even if Legisi some how against all odds does pay back every penny of principal on every loan it doesn't change how scary the above posting is, or how poor the leadership has been throughtout this ordeal.

allinvain

Sad, next thing you know all Legisi forum members will be required to end their posts with a "Siel Heil!" or "Heil, mein Fuhrer Greg!"

I think there are a lot of "true believers" in Legisi so it's kind of hard for them to face the possibility of the program going under. Who knows, I will just wait and see. I maintain a spectator's interest only as I wasn't one of the "lucky ones" to join that merry group of lenders (I decided to be nice and not the evil word "investors").

I just hope for the sake of Legisi members that Greg is not like PeterB in the sense that he decides to go out and buy fancy pool with Legisi members' money. Lol, heck, if I was a Legisi member I'd be parking my RV on Greg's front lawn and not leave until I see my e-bullion account credited.

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Traderj

The really sad thing is there are people in that forum lining up to be part of Legisi II I mean seriously... like I've said I much like yourself am on the fence on this right now, as to whether it will recover the funds or not. But having said that, I simply don't understand how people can see zero return on their money for months at this point and somehow think this equates to quality performance and/or leadership... simply staggering...

I hope he is not either, I don't know why but if you had asked me a few months ago about Greg I would have said seems like a reasonable enough guy although his communication skills blow.. but these days I really don't know what to make of the nonsense going on over there. I actually unsubscribed myself from the Yahoo members group as it was getting sillier by the minute... the forum on the official site has become totally censored, neither of which bode well for the future.

Missy04

What is Legisi II? Don't tell me that McKnight is planning on starting up another one of these things?

mbongwe

What he did with this stocks is actually pump-and-dump scam, pretty illegal itself. Hopefully that alone can put him in jail for long time to come.

I am not surprised there are people wanting to join Legisi II. A sucker is born every minute

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allinvain

lool..I think TraderJ meant that bit about Legisi II as joke. I doubt Greg would be stupid enough to give it another go or that people would be even stupider to end up losers all over again, but then again, I've been disappointed by humanity on so many occasions that it would best for me not to have such hopes.

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