I have received one wire in the past and it went through without a hitch.

catch me on Yahoo IM (if you have it) (ID mudluckymarketing) or MSN (email is mudluckymarketing@yahoo.com) and we can chat.

Mud

A properly run business does not make you wait months and months for money that is supposed to be in your own asm account...unless there are problems.

I dont think ASM was started out as a scam..to take your money and run. But you can not deny with no new money coming into ASM it will die. This is ponzi. Ponzi doesn't mean it meant to be a scam from the beginning. Ponzi means New money is needed to pay old money.

I think ASM had every intention to try and make it work...now after 2 years + they have run dry on cash! They will keep trying to pay people..having hope of a miracle...All the big money accounts being locked or stolen buys them lots of time and saves them loads of money.

I have run my own business for years...I see things many of you dont....Right now they are "robbing Peter to pay Paul"! those they flag as loyal supporters probably have a better chance then those that are not.

Cant get blood from a stone tho...havent any of you noticed Chris talks about a whole lot of nothing? Chris is a bullshitter...a BS salesman...he has no idea whats needed to run asm or to interact with his clients(which is needed for a business to succeed)..I could show you all stupid email upon stupid email from Chris...

And let me say this as well..when Chris writes his customer base telling them what to sell and how much to sell thats not collusion on ASM part to manipulate?...

I have seen emails from chris to traders telling them to stop withdrawing or stop selling ASMA1. You should gaurd those emails you speak of, as they will come in handy down the road.

I have both of them as well as ones of him telling me to put up buy orders on SD's and stop putting up so many SD sell orders...He also froze my account for a few days for withdrawing too much. I have it all saved for sure!

..........

I have the stop selling ASMA1 shares that the market can't support it email as well.

This is in everyway a Ponzi scheme - it needs a constant flow of new money to pay old money - hence the reason for 2-3 month delay's in payments and locking out those who were regularly withdrawing.

The major flaw (among many, many, many - oh did I say many) in the development of ASM was the amount of bonus money that ASM paid out. In the beginning thousands and thousands of dollars were being handed out daily in bonuses for just about everything. ASM didn't have the bank to support bonus funds and underestimated what you could do with these funds.

The development of the "cornerstone" partners was genious! At the time it was announced most of us early people were able to take $2-3k in deposits and turn it into 5-10k profit. So investing $5k of "profit" was a pretty easy decision for what the possible pay off could be. At this time, we also had no reason not to trust Chris. He was paying withdrawals and only broke a few hundred promises at this point... not the thousands we are at now.
So he could take $5k from each cornerstone partner off of the market.

Then selling ASMA1 on the open market was another genious development. Where do you think those shares were coming from. Remember ASM is under no oversite, therefore I can with almost certaintly conclude that ASM open the flood gates and sold A LOT more shares than you all thought. I bet it could be proved (if need be) that ASM was releasing thousands of shares a day that were not in the float. --- Once again genious because again it was taking money from the traders account and locking them into ASMA1. Oh and ASMA1=Chris' pocket!

IMO... this was either a well conceived scam from the very beginning, or a very poorly executed business. Either way, your ASMA1 share will never be worth more than the paper they are printed on - oh that's right, they haven't been printed yet. (Disclosure: I have 20,000 ASMA1 shares)

However, I would guess 99% of ASM traders know's what it is and are just keeping quite to get as much money as possible out before it is too late. The other 1% will never believe this - regardless of what happens, how much evidence there is, or what any of us say.


And one last thing to all those you say - "I got paid or I know someone who got paid". --- If they stopped paying everyone the site would be officially closed. They need to pay a few people to have those say "I got paid or I know of someone who got paid".

I have a question for you guys that say ASM is a ponzi scam where new money is needed to keep the market going. I do agree with this statement and I have been saying that since I started at ASM back in April of 2005.

Here is my question: "If ASM started using advertising on the site and used that money to either eliminate commissions by using that to fund the div pools and for profit or just used it as a supplemental source for the div pools would ASM still be a Ponzi Scam?"

Also for VY: "Since you are a programmer and know a lot more about computers and stuff than I do. How much money do you think Chris had to use to fund the initial idea of ASM?"

Thanks for your answers guys.

Best Buy for Business (this is a link) was set up by the firm I work for for about half a million dollars.

I can't even put a price tag on ASM's website, because even the cheapest site we would do would still be much higher quality than that. But, lets suppose Glock still wrote the trading engine (I'd say that that is a 6 month project for 1 programmer so lets say that cost 40k) and my firm was tasked with building the ASM website and the UI around that engine. 4 resources for 4 months plus the equipment and licencse...cost about $150-200k, but would look a shitload better and not have all the errors.

I obviously don't have access to most of the ASM source code, but I can see all the Javascript that Glock writes, and let me tell you, it looks as if he took a Javascript class in 1995 and never kept up with the times. And I can tell by the way that the pages render his ASP code is less than rock solid as well. And I can tell by the way he is constantly being asked to fix and correct payouts and prices, that his engine code (I'm guessing he used C++) is less than perfect as well. It also looks like enough money wasn't spent on testing. Think about it...my firm writes eCommerce and Order Management software for firms like Best Buy...imagine if our pricing software had errors what the repercussions would be. No one can write perfect software, but when it comes to handling other peoples' money that is one case where there is absolutely no breathing room, not even a miniscule inch, for faulty code in the software. Transaction-handling software must be perfect. Save the buggy code for the UI. (In other words, if you have to rush something, rush the UI, not the business code. Of course in ASM's case it reeks of both.)

EDIT: Hey Lsu I guess I went off there...long story short I think ASM tehcnical costs to put the site up were probably $200k. I doubt Glock did it alone and it probably took him a year.

It wouldn't be one because as many have said from the beginning, all ASM needs is an external source of funds. Everybody who had math at school and isn't blinded by a pair of shades will easily see that the current set-up won't work because the commissions force you to always sell higher than you bought (or sell for a loss) and sooner or later, someone will have to end up with shares that are soooo way overpriced that no one will buy them anymore. ASM was smart enough to disguise that as much as they could with bonus money, illogical split rules, forced splits, a guy who claims that some things in the market can't be explained because humans act irrationally, etc.
But no matter how much they disguise it, the underlying model remains a ponzi scheme as long as the traders are responsible for funding their own (!) dividends (which is the major difference to a real market.. funny that Alpi, the business major, fails to see that.. well, actually not that funny since he's working for ASM.. but oh well).
Now, the thing with advertising and external sources of income has been brought up many times. The first time it was suggested, Glock and Chris replied, "We don't like ads. Period." The discussion was over before it started.
A few months ago, Chris all of a sudden threw out a little forum post stating that ASM will look into selling ad space (and worded it as if it was his own idea). However, as everything that could contribute to ASM becoming legitimate, this post quickly vanished in the forum depths and has never been brought up again.
Does that answer your question?

P.S.: Thanks for the insight from a real programmer's point of view, Vince!

Thanks for the responses guys.