A 3 months hold back for Ibiza Traders. So what’s with all the legitimate programs having different sort of problems now?

Dear Investors,

Today is a sort of black day for us at Ibiza traders. Although the forecasts were very favorable for this month, as I wrote in my last (interim) update, we have suffered a substantial loss. This could happen thru a variety of circumstances but let me blame my self in the first place as I do not like to hide behind all kinds of internal/external causes. I understand that this will come to most of you as a big and nasty surprise. For me it is as least as nasty as for you. Apart from the fact that I have a lot of my own money invested in this project, also my private account was hit to the same magnitude.

Apart from the financial aspect, much more important to me, also my reputation is down the line. So personally this hurts me very much. Forget the idea that we have stolen money from the fund or some other form of fraud committed. We have hard proof for the one’s under you who do not believe us.

In spite of the facts as written above Ibiza traders is not bankrupt. We lost a good part of trading capital but not all of it and above all not our self-confidence either. The loss could occur due to a miscalculation on my end and perhaps a bit of ignorance as well, I have to admit. In the mean time we have looked and found ways to prevent this in the future.