12 December 2005

As of today 12 Dec 2005, FeederFund is closed to New Members.

It had always been our intention to close membership before the end of 2005. Unfortunately, openly promoting this fact would have caused much unwanted publicity. It would have increased positive reactions and we would have been dealing with many more Members then our systems normally deal with and additionally it would have increased negative reactions, discussing the likelihood of FeederFund folding after the touted date. The added dialogue would have increased our profile to an unacceptable level and considering our desire is to lower our profile, this would hardly have been productive.

So we now enter a new era in FeederFund development. Our concentration over the coming year will be on greater security in our systems and privacy for our Members.

There are a few things now required as a result of this change. They are:

1. Any Member using referral links on websites needs to remove them.
2. Any Member advertising FeederFund needs to stop those agreements, and
3. Members must not discuss or disclose FeederFund information publicly. That specifically includes any online forum. This has always been a Membership Term, but not one that could be enforced, due to our open Membership.
4. The only method of joining PSHI directly is through FeederFund membership. This is no longer an option so in the interim, you may use your PSHI partner link as a referral link for non-FeederFund members to join PSHI directly. Your link may not be publicly promoted or advertised.

One of the first changes to be incorporated will be the transfer to the new server and website system. The functionality remains very much the same, but it lays the basis for developing greater automation in system management and security features. Please bear with us over the coming week as the new system is firstly implemented and secondly bedded in.

This is Part One of a 2 part notice. The second part, dealing with structural changes to strengthen our international legal position will be released before the end of next week.