Primus Hub New Program

New Program: PrimusHub
In W4a’s place will be a new Private Membership Association, centered around a “hub” site.The hub site  will offer different money making opportunities revolving around a social networking site. The different money making opportunities mentioned were a marketing system, a penny auction site and a monthly sub-based 2×20 matrix site.

Note: You do NOT need to participate in the new program, but in order to be refunded if you were not in profit or get your cash out for the AUs you currently own, but you need to join the PMA. The cost is $1 lifetime membership fee, there is at least $1 available for you to pay the fee in your W4a balance.

I’m not sure what yet, if any, the new site will offer any ways to earn passively other than buying Founder Shares either with fresh money or with W4a refund money (explained more below).  I have no idea what my participation level will be in the new program yet, as we still have no idea what the qualifications will be or what the new compensation plan is etc. That being said, while I’m not thrilled about programs where recruiting is mandatory, I do understand W4a’s position from a legal standpoint
There are no links available yet for the new site. They should be sending us more info in the coming days. Do not sign up for anything yet.
Founder Shares:
We can buy founder shares for the new company if we wish for $25 dollars each. You can use money in your available balance if you have any or you can use fresh money deposited into your Ipayout accounts. Earnings on founder shares will be passive. You buy them and then will receive a percentage of company profits monthly for the life of the program. At first, earnings will be based on 15% of the company profits. Once they finish cashing out everyone’s AU’s, that percentage will jump to 25%. All founder shares bought before Oct 20th will qualify you for a bonus of 10% extra founder shares. There will only be a finite amount of Founder shares available, but they didn’t say how many.
Refund and Cashout info:

If you were in profit:

You are NOT eligible for a refund, however you will still get paid 90 cents for each AU you have. These will also be paid out monthly in amounts depending upon how much new money the company takes in. It will most likely take a few months before you are paid completely for your active AUs. You need to pay your dollar and  join the PMA in order to get paid (Click on “Make Payment” in your W4a back office).

If you were NOT in profit:

You are eligible for a refund, minus any withdrawals, for your seed money.  In order to get access to it,  Pay your $1 and join the PMA and then withdraw from your W4a available balance.

- If your deposits were up to $50: Withdraw the entire amount now.

- If your deposits were from $51-$200: Withdraw $20 now.

- If your deposits were from $200 and up: Withdraw 10% now.

The amounts above only reflect the amounts you can withdraw right away. They need a bit more time for the rest. The next scheduled payment date is on the 15th of Nov. Victor said depending on how many people opt out or instead purchase founder shares, the date may be sooner than that.

Cashouts for active AUs:
Wealth4all will be paying back 90 cents for each active AU we have. You can see how much yours are worth in your back office, see “Adv. Unit Value:”. The first payments for AUs will be on Nov 15, and paid a percentage of company earning monthly until they are paid in full. Again, you MUST pay your $1 and sign the PMA agreement in order to get paid for either your refunds or your cashouts for active AUs. Once those are paid in full, that will be the end of their obligation to us unless we decide to join the PrimusHub.
Wealt4AllTeam announced yesterday that they were closing to make way for for a new program; PrimusHub, as well as what the cashout procedure will be for the old W4a.