Republic of Panama, September 12, 2008

Administrative Department

Friday came and went, and I’m still waiting. I sent out a quick notice to them through the “attention to the client” link. Let’s see what happens on Monday. or Tuesday.

P.S. the writer of Finanzas Forex Blog dropped me a comment on my last post, and explained a little more about commodities. I checked out his blog, and found a wealth of information. You can find the google translated version here.

Things are going nicely with Finanzas Forex so far. At the beginning of the month, I tried to make a small withdrawal, to see how it would work. Seeing as how the minimum was $300, I went with that.

Now, there are two ways to make a withdrawal in FFx:

1) Conduct a traditional transaction, where you put in your bank details, and hit send. The downside is that any transaction takes about two weeks to complete, in or out.

2) Do an account-to-account transfer of the money to someone that also wants to avoid the two week waiting period. You put the money into their FFx account, and they write you a check. Apparently, there are people lined up to do this kind of transfer.

Since I wanted to see all of the ins and outs of bank transfers, I went for option two.

I don’t know if it was a coincidence or some kind of cosmic irony, but a few days after I put in the request for my withdrawl, Finanzas Forex announced they were having bank problems, and was in the process of changing the bank they use to conduct transfers. I don’t know if that will set me back a few days, but i’m checking my bank account every day to see when the funds will come through.

Updates on FFx: Some unnerving things bubbled up to the surface in the last few weeks:
There was an email, sent out by the director of forexmillonario.com, stating that FFx would have a zero tolerance policy for those that deliberately defame and slander the company. Here’s an excerpt:

-La Compañía hará seguimientos a Inversionistas actuales y gente del común, deshonestos y que denigren de la Compañía; aplicándo ahora si, todo el rigor de la Ley para evitar comentarios negativos y mentirosos en contra de FFX. Abogados en cada País se encargarán de colocar las demandas respectivas. Además, si el infractor es Inversionista de FFX, perderá su inversión, como sanción punitiva para comenzar. Todo esto será obviamente con pruebas contundentes y no por comentarios o rumores de otros usuarios.

Now, I’m all for stopping slander and libel, but I certainly hope that they will allow investors to review the company with a critical eye. I am especially concerned about the threat to take away our investment, as a “punitive sanction”. Here’s hoping my blog isn’t considered “negative” to the company.

For now, i’m taking a “wait and see” approach. Several people close to me are already making contacts and signing up people, which I think is great. But as for me, I would like to be absolutely sure that everything is going to work as smoothly as I pitch it… As soon as those 300 bucks come through, i’ll let you know.