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Hi
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Here is the latest update from
NovatechFX corporate:
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"Dear Member,
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We want to first take a moment to thank our users who have trusted NovaTech with their investments over the last 4 years and want to ensure all that we are committed to continue to thrive
and prosper in this everchanging environment.
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We recognize in order to do so that adaption is a requirement of any business who wishes to remain relevant in the marketplace. With that said, we would like to provide our users with enhancements to our program, along with future guidelines for managing the flow of finances.
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Effective April 1, 2023, we would like to announce the following changes to our existing compensation plan, and briefly explain the mindset behind these changes.
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1. NovaTech wishes to waive the service fee charged to our members for the months of April,
May, and June. We appreciate the patience and encouragement our members have demonstrated over the past few months, and although it may seem a small token to most, we think it is only fair we offer this as a gesture of our appreciation. Please note during this time, residual income, which is based on this fee, will also be suspended.
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2. Indirect referral fees
will be temporarily suspended.
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3. In return, Direct referral fees will be INCREASED by 50%! (Please reference updated Compensation Plan in the backoffice.)
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4. The Profit Sharing Pool will be temporarily suspended, resuming
3rd quarter 2023. Please note users MUST maintain current ranks in order to qualify for the pool. Lifetime Ranks will no longer apply.
We feel the above changes will help reward members who are actively investing and building with our business and wish to continue doing so, while eliminating unnecessary compensation that may cause further strain on our business model.
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In reference to current and future cash out requests and processing.
We wish to honor our promise to resume Trading cashout withdrawals as of April 1, 2023. However, we also recognize the need to set parameters in doing so in order for us to resume a normal, realistic flow of finances.
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Effective immediately, the following guidelines will be implemented until further notice.
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1. Bonus withdrawals will be limited to Mondays each week, 12:00 am - 11:59 pm EST. The goal is to pay all requests made during a specific week
before the next withdrawal period begins. We understand this may take a reasonable period of time to adjust to.
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2. Trading withdrawals will be limited to the 1st to the 5th of every month, payable by the 30th of each month. Trading withdrawal requests will also be subject to the following guidelines.
  a. Capital (Trading balance) requests will be limited to no more than 5% of trading balance for the month of April. Increasing to 10% for the month of May, and 15% for the month of June and ongoing.
  b. Trading balance requests may only be made once a month.
  c. A 5% withdrawal fee will apply to all TRADING cash out requests.
  d. New registrations may not request a trading balance withdrawal for first 90 days.
  e. The 14-day cancellation policy is still in effect.
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All changes will apply for as long as needed, till such time that NovaTech feels these parameters can be adjusted.
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In order to prepare for the updates above, the following activities will begin to take place.
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1. All existing Trading Balance requests will be returned to trading accounts and will be subject to the new guidelines. This will allow users to also continue earning ROI on these balances.
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2. All existing Bonus Balance requests made PRIOR to March 14th will be
cancelled and also moved to the Trading account. This will not only relieve NovaTech of trying to continuously play "catch up," but will also allow many users who expressed interest in doing so the ability to earn ROI on these balances as well.
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While we know some of these changes will take time to adjust to, we strongly believe we must adapt in order to
ensure we continue to strive as a business.
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We again appreciate everyone's patience and value your trust.
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Rev. Cynthia Petion, CEO
NovaTech, LTD"
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See you at the top!
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Troy & David
The Satoshi
Show
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