GBC is implementing new rules on members
withdrawing funds.
I don't have a problem here
since I always repurchase increasing
my PIF Pool Fund each week.
Good move to ward off Hit and Runners.
Trial Addition to the Profit Share
This new rule doesn't concern 90% of
GBC members who repurchase before or
after being paid as a routine, week in and week out.
Withdraws over $28 will require a minimum
$10 PIF Pool Purchase within a given week or
the following week's rebate could be calculated
at 1% per day for 7 Days.
Withdraws over $40 will require a purchase of
a minimum of $15 PIF Pool Fund.
Withdraws over $50 will require a minimum
$20 Moose Boost or 2 $10 PIF Pool Funds.
Withdraws over $100 will require a minimum
50% repurchase.
These new rules apply to withdrawals of
$29 and higher. A member's earning rate per
day could be reduced to 1% per day for 7 days
for the following week's rebate calculations
if not adhered to.
1) A member has the full week to make a
repurchase(s)...before or after being paid from GBC.
2) If a member doesn't comply and receives
1% per day for 7 Days rebate payment for a
given week and then repurchases...then rate
will revert to 2% per day for 7 days on the
next "rebate" run.
3) If a member doesn't repurchase at all and
remains on the 1% per day rate...
achieving 150% expiry will take longer at
1% per day.
4) If a member remains on the 1% per day rate,
eventually, his or her, weekly rebates will fall
below $29 and the weekly rate will revert back
back to 2% per day.
5) A reminder this new trial rule doesn't apply
to members earning $28 or less per week and
loyal Club members who repurchase weekly
regardless.
This new trial "Pay It Forward" Club rule makes
for a more even disbursement of funds for
members on the low and high scale with regards
to the number of $20 Moose Boost and PIF Pool
Funds held each week.
