I feel sad for the week, hopefully things get better after MS has transformed.
I joined Merchant Shares for less than 2 months, It did well for my investments for the 1st month, I am so happy to share it with friends and looking forwards to months and years that follows.
However, “bad” news suddenly happened !
Last week one day when I login to MS, the website displayed a site maintenance notice but few days later, I received an email from the management team explaining that MS is under maintenance for a major upgrade to the new system.
Below, I share with you the information I got from MS via email.
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“ Merchant Shares (MS) is under maintenance for a major upgrade to the new system.
We are registered in Dominica since 2007 and have operated online globally since 2014, and have tax exempt till 2027. So, we have seen our tax free future and a long growth together with our members.
We have been doing web advertising and financial funds management service since a couple of year. The Regulatory has exempted us for financial license if we operate online and outside Dominica country. Due to which we have been successfully operating for all the members around the world.
Someone that is an anti-MS entity who happened to be an attacker and wanted to send MS to a downfall, badly reported to payment methods and regulatory company stating, "MS has been doing financial business with no financial license". We have been forced by the regulatory to immediately stop the business. Payment method company terminated the agreement with us and have given us a couple of weeks to get things fixed up.
As a result, we urgently have to decide how we can build a long path towards financial success.
Our compliance department, consultant attorneys and other financial experts advised us to focus completely on web advertising company, which was being doing partially as web ads and does not require any financial license to operate.
Advertising company is accepted by almost all the payment methods without any further requirements of license to operate.
Here we decided to become a complete Advertising Company by changing the business model.
We are now transforming from a web ads and funds management in financial sectors to a complete web advertising company.
We have decided to pay a minimum daily return of 0.25% as promised till we get the site completely up and running as an Advertising Company, which will be happening in a couple of days.
Your level of trust on us makes us proud and makes us want to strive to become the number one company in the market.
We are trying our best to overcome the current situation as earliest as possible.
Thank you for understanding us and bearing with us.
Sorry for inconvenience caused.”
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I am waiting for MS to re-open it site for members again although personally I am not so keen to advertising company, but I will give it a try for few months before I evaluate this new business model and make decision later whether It suits me or not ?
But, one thing for sure is MS won’t leave it members and run away…
It’s trust worthy !
I sincerely wish that one day MS will come back or set up another company, get a valid license to do financial funds management services as MS history proved that MS can do well in financial sectors.
All the best to Merchant Shares.