I will post the latest SQIP update to follow.  First I would just like to add there are changes coming in the back office and you likely have seen part of those already.  Booster has been reintroduced and you can buy PEPs for a minimum of $0.50, fifty cents.  I thought they said 50 cents but that likely depends on whether you have Euros or US dollars as you main currency account.

The price for SQIP continues to increase. It currently stands at 1.42 Euros or 2.04 US$.  This is a good deal as anyone joining for free will receive 100 PEPs and that is valued over $200US.  They are projecting a value of 5 by year end. So bring in your friends and introduce it around, responsibly of course.

Booster is live now.  FTS PEPs will follow soon as will Ad Pool at the same time.  They are asking members to remain calm as these things take time to put into place and have the software working properly.  Transfers to and from your SQIP account to the Ewallet, also you will be able to transfer funds or PEPs to other members.  Now with the Ewallet working this opens up the potential to bring in many other members into SQIP.

One more thing before the update.  I asked how the FTS system was going to work as it is being changed.  Some of us purchased both the 100 and Euros positions.   Here is the answer I was given

“The new FTS will work in a similar way to the initial but buggy system.
All of your open positions are treated as single 1 euro purchases and will
move through to closed profit. The programmers are currently testing the
system to optimize the speed while keeping the profit percentage as high as
possible.”

So this should work out ok for us even though the payout will be much lower, it should ensure the system pays out much faster.

Here is the SQIP Update:

Thursday. 20th Aug.

Hi,

If you have been following our global ranking and PEP value growth you will see that we are moving steadily towards our goals.

In fact we are on target to see the PEP value reach 5 Euros by the end of this year.

We had trialed a product that we called Booster a few weeks ago. Booster lets you purchase PEPs at discount.

We have had a lot demand to bring Booster back. So we have and it is available now.

Booster is a great way to increase your equity value in Sqip while paying less than 30 cents per PEP and you get the full PEP value credited to your account t instantly.

You also get paid instant commission when anyone in your equity group purchases a Booster package.

You can purchase Booster packages from funds in your ewallet account or funds in your Sqip Account balance. The system will always check your ewallet first to see if there are enough funds to make the purchase before checking your Sqip Account balance. The purchase price will be debited from your wallet if there are enough funds to cover the purchase. If not, then the funds will be debited from your Sqip Account balance.

Your Sqip Account balance displayed in your back office is NOT your Ewallet Account balance…so don’t confuse these 2 separate balances.

You can also purchase PEPs even if you have a small balance showing in your back office. You can convert small amounts into PEPs with one click. The minimum amount is only 50 cents. You can only do a conversion from your Sqip Account balance but NOT from your ewallet account.

We have replaced the support site with a much easier to use email support system. Sop lease make sure you enter a valid email address when contact us so that we do not have any more issues about our replies not arriving into inboxes.

Within the next 24 hours you will also have the possibility to transfer funds out of your back office to your ewallet account. You will also be able to transfer PEPs to another member as well as send and receive money from your back office balance to and from other members.

We are working on completing version 2 of the FTS. We know that there are thousands of members waiting for this and we are on it.

When it is completed, there will be FTS PEPs and AD POOL available immediately. Sqip Lotto will take a bit longer as we are in the process of acquiring an international lotto license so that we can offer our members a legal lotto that pays commissions via the FTS as well as generating large donations for good causes that the members select or introduce but more on that later.

We will also be tweaking the ewallet system so that every member gets one automatically set up for them.

We just want to remind everyone that we are all very active here at SqipCom and if you do not hear from us for a couple of weeks please do not think that anything is wrong.

So please just take it on trust that no news is good news and we are actively moving forward to reach out goals.

Speaking of the new Sqip networking site; the portal will be replaced very soon with a new site for social and business networking.

You will not need to register again simply login and explore the site when it is there€¦probably next week we will publish that site.

When you login you can access your back office, sqipmail etc.

We have integrated a few nice features like chat rooms with audio/video as well as multi media sharing you can create your own private chat rooms for conferencing, sharing music and videos etc.

You can also connect to your twitter account and send updates directly. You can also connect to your Facebook account and update your wall etc.

If there are videos, audios photos etc that you were thinking about downloading from any of the sites currently in the portal, then please do this very soon as these sites will no longer be available when the new single multi feature social site gets published.

Please keep in mind that we only launched on 1st May. We are quite literally just getting going and have a way to go before we reach our targets….and with thousands of new members joining us every week we are making great progress.

So, be patient, manage your expectations and let our teams get on with what they are working one and always keep in mind that this a process and processes take time to unfold€¦with new things being developed along the way.

Just keep an eye on the PEP value; that is your gauge to what is happening in Sqip. And as long as that value keeps going up then you have nothing to worry about and a lot to look forward to and celebrate.

One final note: Please treat our support teams with respect. If something is wrong please do not rant at our support staff; it is not their fault. They are here to assist you to help and support in any way they can. And we know that our support services are totally awesome, lightning fast and intelligent.

But, if they get a slap they are likely to slap back. So please be polite and objective when contacting any of our support teams and they will bend over back wards to help you out.

Sadly we had to delete some members from the database and give warnings to others because they opted to be abusive and aggressive rather than polite.

We simply have a zero tolerance to this sort of thing.

Whatever the issue is; our general support and ewallet support teams will get it sorted out for you you just need to explain the issue and ask for help and it will be there for you.

Until next time.

SQIP Team.