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Re: Prezzy Box exclusive 20% cashback

Enough of this W/C stuff, Kev. Keep this site clean and no toilet humour please.
by blythburgh
Fri Mar 11, 2011 8:14 am
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Offer to ex-Rpoints/CBK members

As you may be aware, Rpoints Limited the company that used to operate the and cashback websites, was wound up by creditors late last year. Rpoints Ltd was founded by me back in 2003 and I continued to be involved up to its unfortunate demise, which left a significant number of members with unpaid cashback.

Please note: these websites have since been acquired from the liquidator by another company. The comments that follow only apply to the previous company

I have stated here , in the live webcasts and at length on the website (though the posts have since been removed) that I believe this was largely the fault of management who got involved in the company in 2007 (when I stepped down as a director) and provided supporting information to substantiate that. But inevitably the fact that I was strongly linked with Rpoints may put off some people from joining imutual.

I can point to several factors that should convince people that imutual is actually the least likely of all cashback sites to fail to honour cashback, namely:
- That imutual is owned by its members and therefore must act entirely in its members interests, not outside shareholders
- PLC status (which I believe no other 100% cashback site has) which obliges directors to publish full accounts and supporting information, as well as allowing you to attend and vote at AGMs
- The openess I believe I have demonstrated to reinforce this mutuality concept, as evidenced by forum discussions, webcasts etc.
- Most significantly, the recently-announced Directors' Guarantee where imutual's Directors personally guarantee any awarded-but-unpaid cashback in the highly unlikely event that the company becomes insolvent. Again, something no other cashback site offers

I also stated at the time of company's winding-up, my hope that some kind of offer could be made to members who had lost cashback as a result. I attempted to purchase the assets of the company from the liquidators but unfortunately these were acquired by another company. However, I still want to find a way to allow these members to get back every penny of the cashback they were due. To this end, I make the following offer:

Anyone who lost cashback as a result of the Rpoints Ltd liquidation* is invited to do future transactions here at imutual (a site that offers 100% cashback AND shares in the company), and I will top up their cashback earnings by an additional 20% up to the amount of their losses

A few things to note about this offer:
- I am underwriting this offer personally; i.e. I will finance any 'loss' incurred by imutual PLC in servicing ex-Rpoints/CBK members*. imutual will, of course, stand to benefit from any increased membership and transaction activity
- I no longer hold data from Rpoints Limited on members and who was owed what - that belongs to the new owners and the liquidator is unable to provide me with that. So I'll rely to an extent on existing imutual members to pass on the word about this gesture.
- Any losses will need to be proven (a copy of suitable correspondence from the liquidator should suffice) and exclude any payment the member receives as part of the liquidation process. I would expect the liquidation of Rpoints Limited to be completed later this year

So the procedure for any ex-Rpoints/CBK member* wanting to claim this top-up is as follows:

- Register at imutual and send a PM or query stating the total amount of your claimed loss.
- We will add a transaction to your statement, with "RpointsLtd" loss in the reference column and your claimed loss shown in the Order Value column
- Do future transactions through imutual. For each awarded cashback transaction, we'll add an extra 20% cashback to your balance (until the total amount of extra cashback equals the amount of your claimed loss). The extra cashback will be shown against your 'claimed loss' transaction, not the merchant transactions
- The offer remains open for any transactions done through imutual up to 1 Jan 2013. It also applies retrospectively (i.e. to ex-RpointsLtd members who have already done imutual transactions)
- On completion of the liquidation of Rpoints Limited, forward a copy of correspondence from the liquidator as proof of your loss.
- We'll then convert any pending '20% extra' transactions to awarded status, up to the value of your loss (adjusted for any dsitribution you may receive from the liquidator).
- Any such '20% extra' transactions will be ringfenced by the afore-mentioned Directors Guarantee (even while they are still pending, provided that the related transaction has been 'awarded')

* You can claim for any lost cashback with respect to, and shoppingtactics while they were run by Rpoints Limited (i.e. up to 11 Nov 2010), but not any other white label sites (for this, you should claim from the white label 'owner')

I hope you can appreciate why the above process is necessary (to protect myself against bogus/inaccurate claims). Of course this doesn't put right all the wrongs of the past and there is a danger of this looking like a 'guilt trip'; but I feel this is the right thing to do. Of course, I hope that this gesture also helps to boost imutual's membership (and image) which in turn would benefit me personally. But without that indirect benefit, I really wouldn't be in a position to make such an offer

Feel free to ask any questions about this and, most importantly, pass the word onto any people you know who might qualify :thumbup:
by richard@imutual
Thu Mar 24, 2011 3:33 pm
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Re: Clean jokes - post 'em here

The new Zoo keeper

A bloke starts his new job at the zoo and is given three tasks. First is to clear the exotic fish pool of weeds.

As he does this a huge fish jumps out and bites him. To show who is boss, he beats it to death with a spade.

Realizing his employer won't be best pleased he disposes of the fish by feeding it to the lions, as lions will eat anything.

Moving on to the second job of clearing out the Chimp house, he is attacked by the chimps who pelt him with coconuts.

He swipes at two chimps with a spade killing them both.

What can he do? Feed them to the lions, he says to himself, because lions eat anything..

He hurls the corpses into the lion enclosure.

He moves on to the last job which is to collect honey from the South American Bees. As soon as he starts he is attacked by the bees. He grabs the spade and smashes the bees to a pulp. By now he knows what to do and shovels them into the lions cage because lions eat anything.

Later that day a new lion arrives at the zoo. He wanders up to another lion and says "What's the food like here?"

The lions say: "Absolutely brilliant, today we had Fish and Chimps with Mushy Bees
by richard@imutual
Fri Apr 22, 2011 7:48 am
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Re: Offer to ex-Rpoints/CBK members

"if you have any plans to answer the questions to all old R-Points/Shopping Tactics ;) /R-Points White Label members whether or not they are registered I-Mutual members"

Having given this further consideration, I am prepared to extend the offer to members who had outstanding balances at the ShoppingTactics site; recognising that the redemption facility was not working for quite some time
by richard@imutual
Thu Apr 28, 2011 5:09 pm
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Re: quidco results to 31/7/2011

Indeed. No thread like this would be complete without a post from cbl being negative about imutual. Reiterating points that have been made many times before. Of course quidco can get deals that we can't at present. They have over 1m members versus our 3,000. They have £43.5m turnover versus our £40k

The question relevant here is: as and when imutual achieves a similar size to what quidco is now, would its members tolerate a difference of £5.5m between what it receives from merchants and what it pays out to members? And if the answer is "no", then that's an argument for supporting our imutual model and helping it to achieve its objectives. And that requires being positive, not negative

The only reason I posted on the thread was due to a question specifically to me by K.C. ;)

"kevinchess1 wrote:

Maybe CBL can answer how People can pay £5 a year when other sites don't have any charges"

My response was factually correct ;)

Bar the new merchant suggestion thread which I will continue to post on for as long as you continue to pay 100% rate on all no spend offers that are added to the site I will leave the rest of I-Mutual forum discussions to you and your apparent followers as I really have other things that would be much more productive for me to do.

What is important Richard is what the vast majority of active cashback users across all cashback sites think and I am pretty certain that the vast majority of those who do spend/high value type transactions are very happy with T and Q sites - Many more merchants/offers and much higher rates of cashback much more often + the sites have stood the test of time ;)

"The question relevant here is: as and when imutual achieves a similar size to what quidco is now", - rest is as the saying goes is now history ;) Do you really think masses of active spend type/high value transaction cashback site users including those who like to do Gambling site offers with cashback profit will switch again :?:

I-Mutual doesnt even have Post Office as a merchant

No supplementary questions please ;)
by cccashbacklover
Mon Apr 16, 2012 7:11 pm
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Re: Record forum activity..... again!

But surely a lot of it is being artificially generated by bribing people with shares. Witness the post below which started off being useful and worthwhile. Although in my opinion should never have been started but reported via the broken link facility, but ended up with totally useless replies. After the announcement that the merchant link was working again.
by Dream on
Wed May 02, 2012 8:41 am
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You are not authorised to read this forum.
by cccashbacklover
Sun Jun 17, 2012 5:44 pm
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You are not authorised to read this forum.
Mon Jun 18, 2012 1:18 am
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Re: Possible new logo - your thoughts?

I prefer the 4th one, but a signed photo of me underneath would really brighten it up :thumbup: :lol:
by xxxraichxxx
Fri Jul 06, 2012 4:45 pm
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Re: Bumping topics: what should the rule be?

dorisisfurtheraway wrote:
Drahcir wrote:Perhaps create a separate forum for good causes!

Only if we can have a forum for bad causes as well.

Thanks for that, I've just donated! :twisted:
by Oggy
Wed Aug 29, 2012 6:19 pm
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