Oceanside Forex Prepares For Massive Expansion: U.S. Based Investors Put On Temporary Hold In The Network, Forex Managed Account Developments, Additional Forex Trading Systems, Aggressive Trading Lot Sizes, Public Advertising, And A Goodbye To The “Trolls” Of Popular Ponzi Forums
by Oceanside on Friday, August 6th, 2010 | 1 Comment
9
Share“Hard at work” is an understatement when it comes to the efforts of the Oceanside team to prepare the companies infrastructure for the future.
Originally designed as an Offshore Based Private Offer, the Oceanside Network launched simultaneously with Oceanside Forex Managed Accounts back in October of 2009. After retaining legal counsel from a US Securities attorney based out of San Diego, the Private Offer was re-examined and it was deemed that due to the significant growth and projected future growth of the Oceanside Network it may prove difficult in moving forward that the offer is still private in nature. As a result, the owners JD Kaiser, Justin “Broker” Jones, and the head trader lovingly known as “Mac” have closed the Network temporarily to all new US investors.
Beginning as early as October, US residents will have the option to open their own managed accounts starting as low as $1000 utilizing the new Typhoon trading system.
“We really like what we have seen so far with this new hybrid system, but we need further testing before we are willing to release it to the public,” stated Broker. When questioned on whether or not the Network would be re-opened to US based investors he said, “Well, we just received an 11 item Project Calendar from our attorney on how we could utilize Regulation A of the SEC in order to re-open our pooled funds option for the US. We’re not opposed to it, but as a board of directors we have decided to wait until after January 2011 with the new CFTC regulations forthcoming from the Obama administration before we make a decision, and begin the lengthy registration process. In the meantime we really feel that Managed Accounts just might be the way to go in moving forward.”
In other news the Waverunner system on the live account has been updated to the latest version featuring an optimized surfboard mechanism and so far the showpiece account is showing a positive result of well over 1% corporate returns here in the first week of August. With the new safety features in place Oceanside was confident and moving forward to the .08 lot size on their live showpiece account. The Demo account has sustained some losses this month, but it was still operating on a slightly older version where in a worst case scenerio it could eliminate profits when it closed out a pair which recently happened on the GBP/CHF.
With the announcement of Managed Accounts starting at $1000, Oceanside has set in motion a massive Radio and Television based advertising campaign that is estimated to begin on October 1st.
JD Kaiser, the founder, had the following to say:
“If all goes well with our remaining tests on the Typhoon, we have in place, an advertising package at a value of $50,000 per month to start. People could potentially be driving down the road in every state nationwide and hearing about Oceanside Forex Managed Accounts through their radio. The advertising agency has reserved it’s number one call center specifically for this project and we are extremely excited about how this increased volume will increase the quarterly dividends for our Gold (and higher) investors at Oceanside.”
Low Ticket Forex Managed Accounts
President Broker Jones explains the reasons for the low ticket managed accounts and why investors from outside of the North American continent will not have access to these lower level managed accounts and will instead be directed to the Oceanside Network offer.
“It was never our intention to subject ourselves to the increased Administrative effort and lower corporate profits of these low ticket forex managed accounts. When we run the numbers on a $1,000 managed account we actually lose money in Administrative costs. In order to compensate for this we will be charging a $250 non refundable fee in order to become a part of our Oceanside opportunity. This fee will include main account and sub account set up in our New Zealand financial entity, as well as a Visa credit card, KYC filing, and access to our private forum where both Managed Account holders and Network investors will integrate and communicate. Our offshore clients will still have access to managed accounts however they will remain at $50,000 for the entry level.”
Multiple Trading Options?
With the Waverunner in “full steam ahead mode” and the potential release of the Typhoon system, Oceanside investors may soon find themselves presented with multiple choices when investing funds.
“I don’t want to go into too much detail at this time,” said Mac, the head trader at Oceanside, “but if everything pans out how we think it can with this new system, we may have several new options on the table. It is possible we will see a combination of settings presented in an Ultra Conservative, Moderate and Aggressive posture. Don’t be too surprised if following the Typhoon system we also acquire additional trading platforms.”
“I can visualize that we will always be examining potential options for our investors, whether that is new systems entirely, or simply different risk settings based on lot sizes and trading mechanics. However the key point I want to establish here is that in regards to the Typhoon I have been looking at this methodology for over 2 years now, and we simply will not rush the dissection and analysis of pending investment vehicles. While investing will always have it’s inherent risks, we want our members at Oceanside to know that we have performed and will continue to perform exhaustive testing with a given platform before offering it to them.”
Server Error On 8/2
There was a server error on 8/2 where two large progressions were disconnected which resulted in a $20,000 hiccup. In a very short time period the occurance was resolved and monies were credited back into our accounts and once again our brokerage has shown it’s integrity and we continue to move forward, business as usual.
When questioned on how did this happen? President Broker Jones stated:
“I don’t care where you are trading, these types of things happen at every broker in the world. What matters is how these situations are resolved and we are confident that the solution in this regard has been fair and amicable and we are looking forward to what the rest of August has to offer.”
Waving Goodbye To Popular “Troll” Forums
After having spent considerable time and energy “battling the trolls” on forums such as Money Maker Group, Talkgold and Scam.com, we have decided that for the time being we are moving on. We’ve been beyond patient, and more than forthcoming when it comes to showing as much proof as humanly possible regarding our system and business model.
President Broker Jones offered the following closing statements:
“We could have Donald Trump and Warren Buffet both publicly endorse Oceanside, and these “trolls”, (because they love to hear themselves talk), would accuse us of kidnapping and or bribing them.”
“We have hired an extremely competent legal counsel in our US Securities attorney and yet on these forums out there, apparently there are a lot of “armchair lawyers” who know better than our counsel and we’ve heard everything from “Oceanside is a ponzi scam” to “Broker Jones and JD Kaiser are going to jail” to “Oh your lawyer sucks”. Honestly, if they really want to believe we would put all of this time and energy over the last three years only to ignore the laws and regulations so that we could go to jail, they need to have their heads examined.”
“We’ve spent three years now working on Oceanside. Two years of planning and development to launch our company back in October of 2009, and now closing in on our first year of actual operation. Our business model, like any good business model, continues to adapt and grow as we continue to expand globally, and we are prepared to conform to any new regulations such as the potential new CFTC regulations coming around the corner in January 2011. Right now our immediate solution is to offer only Managed Accounts to US residents. We could go forward with Regulation A and full registration with the SEC right now, but rather than shovel funds, time and energy into what is a fairly lengthy process at this time we’ve chosen to wait until the new regulations are weighed in on early next year.”
“At the end of the day Oceanside is prepared for massive expansion, and we have Legal counsel, an Accounting firm, and three new offshore corporate structures soon to be completed. We have both our Managed Accounts and our Network offer for those residents around the world where it is legal for them to pool funds in an offshore investment, and we also have our vision to provide an institutional grade investment experience for the average person all over the world. The “trolls” can go ahead and keep talking, for now, but at the end of the day here at Oceanside, we are preparing to experience one of the most epic, “I told you so”, moments in the online world. I personally can only imagine the looks on their faces when driving down the road, in every state in the US, they start hearing Oceanside Forex Managed accounts advertisements coming through their radio.”
“Oh….and we are well aware of their slinging mud at our brokerage firms too, and we will continue to nod and smile as the months and years roll by, and I personally cannot wait until they see the name of our latest broker. I don’t want to give away the name just yet….but again….I cannot help but imagine the looks on their faces and hear them stammering….’but…but….but’.”
“Meanwhile, with the permission of the “trolls”……we’re going to get back to the business of creating millionaires around the world, and they can sit in their little “mud pits” and rant and rave until the proverbial cows come home for all we care. We wish them the best of luck in their financial pursuits.”
~Free Your Life, Live Your Dreams~
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It will be a long & expensive process but the days of "free slander and libel" on scam.com are coming to an end.
Re: Oceanside Network is a scam..
Originally Posted by Unsaved Trash
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