FREE 100 PEPs are back for new SQIP members!
June 9, 2009 5:33pm CST
I just received an e-mail from Sqip regarding some updates on the site. The good news is the FREE 100 PEPs (Private Equity Points) that ended last May 26, 2009 are back! PEPs are like your "share" in the company. The current value of one PEP is 0.73 euro (and it is increasing every week). So all those who like to join Sqip FOR FREE will be receiving 100 FREE PEPs upon signing up. Another good news is that you get 1 PEP for every member in your group 10 levels deep! They are putting in more features in their website. So those who are not yet members of Sqip, now is the right time to join. I will be happy to refer you. Just send me a message. Cheers!
9 Jun 09
I also received the mail from them today..But I don't understand the PEP.Please clarify what can we do with this PEPs? Am I am able to sell this? I don't think so as this is given to us free of cost. How can we get benefit from this site with/without investment? Or we must invest to earn from this? I registered with this site when the PEP value was 0.50 Euro and now it is 0.73.Euro and nearly 50% has increased in its value.But it seems there is no use in the free PEPs. Is it not? If my view is not correct, please let me know the fact..
• United States
9 Jun 09
I too am confused. I thought a pep was kind of like stock and that we would get money based on on their earnings. I haven't made any money from them yet. Has anyone? I guess I just don't understand how it works. After reading the mail I went and looked through all the information the their site and I guess they think that by june next year 100 peps will be worth 2100 euro... that seems a little crazy to me that's well over 2000usd I think .73 euro is like 1.01usd at the moment.
10 Jun 09
@24champ Thanks for explaining about PEPs. I am in the idea of buying some more PEPs here but still I am having some hesitations to invest in the newly emerged site. As the value of the PEPs are increasing, I am keeping my plan pending with the doubt , is the site showing the value of PEPs increasing to get the investments from the members.
10 Jun 09
I came through about the site but couldnot find out whats the payout and I think its a showoff as its not possible to earn such amount so quickly from a site. Can anybody tell me whats the payout of the site and when we can cashout.