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PointShareXtreme (PSX) payments to resume?

September 22, 2007

At the same time PSX investors are engaged in fiery debates about Henry James Banayat's letter in the article "PointShareXtreme (PSX) admin responds to scam accusation," an announcement was posted at Compumatrix.biz announcing that PointShareXtreme.com and other related sites will be offline during the weekend supposedly in preparation for the upcoming processing of member payments.

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PointShareXtreme admin responds to scam accusation

September 1, 2007

Pinoy Money Talk recently received an email purportedly from PointShareGold / PointShareXtreme (PSG/PSX) admin Henry James Banayat, in response to an article we posted reporting his arrest and the growing criticism of investors against his programs.

In the email, Banayat explains why PointShareXtreme (PSX) is not and should not be called a scam.

Full text of the (unedited) letter after the jump.

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Filipino admin of ‘Point Share Gold’ program arrested but now out on bail

July 24, 2007

Pinoy Money Talk (PMT Forum) member manoy06 disclosed today that Henry James Banayat,  CEO and administrator of online investments scams Point Share Gold (PSG) and PointSharExtreme (PSX), was arrested last week in La Union City, Philippines by members of the Ilocos Regional NBI office.

However, the suspect is reportedly now out on bail.

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