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Pigsback - Free cash for clicks - Newbies please read the First Post!

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  • luxor4t wrote: »
    Today's lucky winners...all from the south east :rolleyes::

    Quiz Winner
    Trivia Quiz Mike, London West
    Travel Quiz louise, London North
    Fashion and beauty Quiz Le , London East
    Entertainment Quiz lewis, Southend-on-sea
    Competitions Zone Quiz phil, Romford

    OMG.... I am one of those in the list so I have won!!! Well that is a first.

    Read this post then had to check my balance and there are the points. I would not have known.

    Thanks to the OP who posted yesterdays questions./ Think it was mbb123 :T:T
    The art is not in making money,
    but in keeping it!!!
  • auntyS
    auntyS Posts: 255 Forumite
    Yorkie410 wrote: »
    I picked this up from the Irish Pigsback forums:

    It might be worth cashing in any piggypoints that you have? :confused:

    Auditors raise fears for Pigsback
    SATURDAY, OCTOBER 31, 2009

    THE future of Empathy Marketing, the company behind the pigsback loyalty brand, has been questioned by its auditors in its latest accounts.

    The company’s accounts show a loss of €5,077,433 for the year ending in December 2008, with net liabilities of €1.6m, compared with a profit of €352,000 the previous year.
    Auditors Deloitte said such losses "cast significant doubt about the company’s ability to continue as a going concern".
    While Empathy attributes its losses to the fall in marketing and online advertising spend, its level of debt is sinking any potential for profitability.
    Turnover of €3.1m generated a gross profit of €2.6m, an inter company loan provision of €4.8m and administrative expenses of €2.7m combined to create an operating loss of €4.8m before tax.
    The firm received a €4m injection from private investor Hotbed in 2005.
    The company also launched its British operation in 2005, and has since attracted clients such as CDWow, Oasis and Tesco to its customer incentive programmes and its online "permission marketing" services. It had hoped its British operations would break even this year. The firm also has Bank of Ireland, eBay and Aer Lingus as clients.
    The directors’ report cites remuneration as being critical for the company’s sustainability, in order to retain key staff. It also says it has cut its operating costs significantly in order to regain a positive cash flow.
    The company is run by founder Michael Dwyer, who has 1.3 million shares in the firm.

    This story appeared in the printed version of the Irish Examiner Saturday, October 31, 2009


    Thank you for the warning.
    I did not know about this so I'm off to spend my points on whatever I can.
    Let's hope there are some vouchers left , and they actually arrive.



    .
  • NAR
    NAR Posts: 4,864 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    And no ct's again today! :mad:
  • cantcope
    cantcope Posts: 1,886 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Debt-free and Proud!
    my dad won the entertainment quiz :D
    Last bet : 26th Oct 2006:j Debt free 25th Feb 2008:j Living "my" dream:T
  • Numpty_Monkey
    Numpty_Monkey Posts: 14,196 Forumite
    10,000 Posts Combo Breaker
    I bet Numpty is wondering the same thing. :p

    Yep:cry:
    auntyS wrote: »
    Thank you for the warning.
    I did not know about this so I'm off to spend my points on whatever I can.
    Let's hope there are some vouchers left , and they actually arrive.
    .

    Just cashed mine in for a M&S voucher:rolleyes:
    I think now we know why there was no Boots vouchers ;)
    apart from Rocky having them all:p:p
    PROUD TO BE DEALING WITH MY DEBT NERD #869
    Numpty,Not sure why but I'm crying :o . Of all the peeps on this board you're the kindest & most supportive of all & I'm :mad: & :( for you all at the same time . Wish I was there to give you a big :grouphug: & emergency hobnobs
    xx
    DFD 5/1/16
  • Do we all need to be worried? I`ve been collecting piggy points purely from click throughs etc. and nearly (or 100/200 points) away from finally collecting a voucher. Should I abandon that plan and go for something else?:confused:
  • faithless
    faithless Posts: 782 Forumite
    Do we all need to be worried? I`ve been collecting piggy points purely from click throughs etc. and nearly (or 100/200 points) away from finally collecting a voucher. Should I abandon that plan and go for something else?:confused:


    Depends just how desperate you are for a stress pig or some pencils - would you be devastated if Pigsback went bust without you getting those?

    Personally I've no use for the tat, so I'd hang on and see what happens.
    If anyone's waiting for 6000 points for a £20 M&S/John Lewis voucher I think I'd quickly cash in 3000 for a £10 voucher though!
  • koala987
    koala987 Posts: 1,342 Forumite
    Part of the Furniture 1,000 Posts Photogenic
    edited 2 November 2009 at 10:15PM
    Yes, I've just cashed in 3000 points for an Arcadia voucher. I was waiting to get to 6000 for a Marks and Spencers one and also I was waiting to see if Boots vouchers came back :mad:

    Best to cash in now - there are some CD's (mostly 1900 points) on the Rewards section if anyone's interested.

    I note it's business as usual for Pigsback - no CT's ........ and no reply on their forum about what's happening.

    We can only wait and see what happens .........
    Don't wait for the storm to pass
    Learn to dance in the rain
  • they can keep my 1k of points which used to be enough for a bit of stuff and now cant even afford there branded crap
    There is a Money Saving Expert quidclan, next time your on quidco have a look for it
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