Dear PAM community,
PAM would like to announce changes in its subscription structure, which has been approved by Seeking Alpha.
1. Yearly subscription of $1,200.
2- Monthly subscription of $170/month
3. No free two-week trial.
4. Seeking Alpha guarantees a 30-day money back guarantee to new subscribers.
5. Grandfather clause on all current YEARLY subscriptions; they will keep the current rates until the next yearly payment.
6. Those currently in MONTHLY subscriptions who may want to lock in the lowest annual rate available ($700 less the current 10% discount which in one year is $630), will need to do so before August 1st.
7. All of these changes in subscription rates, and no free trial, take effect August 1, 2020.
The PAM community has expanded so fast that PAM has quickly reached the optimal community size. If we will grow larger, the effort needed to keep members properly coached/educated and apprised about market moves (in advance) will start to affect my (Robert) ability to craft market trades and deliver profits to us, to the members of the community, and to PAM's XXX principals.
For long, it has been the desire of PAM to create a community of professional traders which we at PAM can support properly and effectively. That is the reason why we are opting out of the free two-week trial normally offered by most service units of Seeking Alpha. We have decided to grow organically, at a pace that we can sustain, and not encumbered by what on old member of PAM described as "tourist traders".
We have made a study which shows that "tourist traders" take up most of the hand-holding that we have done in the past. That issue is still manageable with the current size of the community, but if we grow larger at the same pace, we will quickly reach a tipping point. Beyond that tipping point, supporting a larger size of inexperienced members in the community will start to detract from the main objective of PAM which is to make money for PAM, for all members of the community, and for the hedge fund which has supported PAM with financial resources.
The new, no free-trial condition, and new subscription rates were seen as means to discourage "tourist traders," and Seeking Alpha agreed with us. SA also pointed out that a limited number of community members will redound to better and more comprehensive service to each current members, compared to a larger-sized community. We agreed with that observation.
In summary: These steps are being taken to keep the community's core membership to a manageable size so that we can properly train and guide subscribers how to use investment-bank trading strategies/tactics and tools to grow their trading capital exponentially.
Our objective is to create millionaires in the core membership quickly by providing real-money trades which deliver more than 1,440 percent in trading performance or better.
Thank you very much for trust and confidence in PAM. If you have issues with this announcement, I will appreciate it very much if you DM me (Robert) about it.
Robert and Tim
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.