Me2 Today

Well! It looks like a new chapter in the life of me2.
A new games area has been added and the announcement that shares are now not shares but Metoos.
I gather we are going to be able to purchase shares with this Metoo (hopefully on the 1 to 1 basis)
The countdown was a bit of a letdown, I think most of us were expcting some major announcement.
All these things take time, but things are falling into place, it’s better to get things right than having to keep changing them.
Lets hope, and I’m sure we are all waiting for this share/Metoos business to get sorted so that we all know where things stand.
In the meantime our Metoos are already earning us something, that’s a bonus

And Just In Case You Missed It!

Sunday 1st August 2010 Latest announcement! When your shares are converted into Metoo's, those that want to exchange them for registered shares will have 90 days to do so at the rate of 1 to 1

When the Metoo launches the name will be given to your allocated shares and your benefits will begin. Under an agreement with Complete Earth you will be able to exchange your Metoos for Registered Shares and the recommended rate will be set by Complete Earth. However Complete Earth is ready to make one small concession. They will guarantee that everyone between ID numbers 1 and 600,000 will be given a 90-day window to convert their Metoos into Registered Shares at a rate of 1 Metoo: 1 Share. In that period Complete Earth will increase the daily conversion maximum to 25,000,000 Metoos or more than two billion across the 90-day window. That’s more than enough to cover all members and assures you that any allocated shares amassed to date can be converted into registered shares within 90 days of the Metoo going live.

Anyway incase you missed it here is the rundown on The World of the Metoo

M2E 3D will be based on the village that becomes a metropolis and like every village it needs its own internal economy. Ours will be called the Metoo and they’re pretty cool because they give you:

1. A real world income source

2. The chance to use them in the 3D world

3. The chance to convert them into registered shares

Metoos = Real Word Income

Every member already has Metoos!

When you became a member or recruited someone you received some Metoos. When you upgraded or did some work you received even more Metoos. In fact if you click on the SHARES tab right now, you will see thousands of Metoos sat there, and every single Metoo has been making you a small amount of money!

“But I can only see shares...”

OK. We need to do a very quick recap here...

When you became a member or recruited friends we agreed to give you some shares. They were held by a partner company (now held by Complete Earth). The automated transfer system would allow you to convert all your shares into real, registered, fully paid-up shares and you would receive a share certificate for them. Then every year you would receive a dividend (a slice of our profits) and eventually you would be able to sell them on the stock market. Trouble is that automated system became delayed and so we started thinking... how can we make M2E more fun and give everyone a real world income that grows from every sale?

Currently your shares are “allocated”. This means that our partner company (Complete Earth) has set aside a number of paid-up shares for you. However to transfer 570,000+ sets of shares to our members would take a ridiculously long time without using an automated system. So unfortunately your shares have remained in an “allocated” state. In the very near future your allocated shares will be called Metoos and they will become the living economy of M2E 3D.

It works like this:

You continue with your membership and as we evolve into M2E 3D you will be able to earn more Metoos in different ways: from recommending new members to upgrading your virtual apartment. You could win one of our games or start an in-world business. There will be dozens of ways to earn more Metoos and so the more involved you become with m2E, the greater the number of Metoos you will own. Now like we said, those Metoos are worth money to you!

M2E will soon be making sales and depending upon the type of sale we’ll be putting up to 24% into a special METOO account. Every day that money will be shared (pro-rata) between all the Metoos in existence and your share will be added to your online statement (coming in M2E 3D). To be completely fair we’re going to backdate this to 9th January 2009: the day me2everyone.com went live. So, your Metoos have already started to earn you a little money. The more sales M2E achieves in the future (upgrades, business memberships, advertising, tree sales, game sales and a whole lot more) the more money goes into the Metoo fund. The more Metoos you hold the greater your share of the pool.

Metoos = In-world Virtual Currency

You will be able to use your Metoos within the 3D world – perhaps buying game credits or improving your experience. You will be able to gift them to your friends or to the Complete Earth Dream Maker Foundation where they can achieve some benefit for various charities and good causes. Earn Metoos for doing “village” type jobs and transform these into better ways of making a real income.

Metoos = Ownership of Me2everyone PLC

Remember, me2everyone is the village that becomes a metropolis all owned by you.

Every day Complete Earth will offer up to 12,000,000 fully paid, registered shares in Me2everyone
PLC which you can acquire with your Metoos. That gives you a chance to share in our long-term future. Complete Earth will set an exchange rate every day (say 100 Metoos = 100 Shares) and you choose how many you want to convert. You get the registered shares and the share certificate and Complete Earth receives the Metoos.