Olint announces payments of pre-May requests…

Reports are surfacing that David Smith led OLINT has now outlined encashment periods for requests made by club members prior to May 1, 2008. This information should have been available from May 26, was delayed until May 28, then June 2.

Reports are that members that requested en-cashments before May 1, 2008 should start getting payments as early as June 5, 2008 and should be completed by the end of June 2008.

  1. January 2008 requests – June 5-13, 2008
  2. February 2008 requests – June 16 – 26, 2008
  3. March-April 2008 requests – June 23- 27, 2008
However there are some limits to note.  In the the first period only a maximum of USD $40,000 per client will be paid. Unpaid balances from a request in the first period will be paid in the second period along with requests made in the second period.
 
According to information available, all requests after  May 1, 2008 will be covered by the new encashment policy that came in to effect, June 1, 2008.

As usual monthly gains for the previous month will also be available by Friday June 6, 2008.

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4 Responses

  1. Well, well.

    I can see that the folks on the “investforlosses” site are now up in arms with all the alternatives.

    Can you imagine from January people have not been paid and has been receiving nothing but promises, yet they were continuing to sprout crap on that site. Its laughable.

    I now even see supporters posting that May Daisy is a scam, lol. 🙂

    Well they did not want to hear it from the “detractor” so I guess they wont hear it again, as I think MD has left the house, with the cash I may add.

    This indeed another sad end for many Jamaicans. !!

  2. Regarding encashments I was surprised to see what Olint considers a Standard encashment: USD$500-$500,000, elevated $501,000-1,000,000 and Grand $1,000,000. So ther must be some pretty large individual investors still in the club.
    Bway – $500,000 is nuf corn to me!

  3. Jay a few people got paid on friday. What you have to say about.

  4. Well,

    That is certainly good news for those persons who have been waiting for 6months, and they must be breathing a sigh of relief at this point in time.

    All these months the “O” has been taking in money and paying out very little so I do expect them to have some money available to start making some payout.

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