August 5. Daily news
Today’s post I would name “The Falling of Giants” as two very popular programs seem to be ready to pull the plug very soon. I am in profit with them so it doesn’t bother me much but those members who continue to upgrade are at risk of losing their money in my opinion.
The first such program is PSTraffic. I warned you in my previous entries that admin was playing “survival game” but now it must be obvious to all members. To make long story short, starting today total ROA decreases to 120% instead of 130%. Admin explained in his update: “By popular decision by members: The majority of members also would like total ROA to be 120%“. It’s just another admin’s ploy: first pronounce the democracy, then make a poll and that’s it – 120% by popular demand. He only didn’t mention in his update that first he caused panic among members by implementing withdrawal’s limits and changing terms of the program every day. For example today he announced that “AP ad packs have really plummeted. Effective August 5th, there will be a $15 limit placed on AP withdrawals only whether members purchase ad packs or not. When I placed the same limit on E-gold withdrawals it really helped in building up E-gold reserves. In less than 1 week E-gold reserves started to increase. I am very confident that the same will happen with AP reserves. Alertpay users should continue to purchase ad packs with the same vigor as they have in the beginning of the program“. I’m not so sure of members’ confidence in PSTraffic as admin seems to be. It really makes no sense to put more money in now just to prolong its lifecycle. I will not put 50% back anymore until admin make this rule mandatory to receive the payments. And I can assume that it will be his next move. Surely 120% is a good percentage but only if it’s implemented right from the start of a program. Dropping the percentage is a big red flag for me and it’s not supportable under any circumstances. I see that possibly program’s funds are not so healthy but trying to reduce the percentage to 120% can kill the program. Just be careful!
The second program which may be done soon is SwiftMoneySurf. “Earnings Cash $4188.5444” – this astronomical amount I have found in my account today. But it’s just a mistake I suppose. What I don’t like is the fact that admin now has pretty good excuse to put tomorrow’s payments on hold. Perhaps it was his initial plan and this problem is just a make-believe excuse to feed members with. Anyway we will find it out tomorrow because Monday is a cashout day for SwiftMoneySurf. Another update from admin looks good so I will give it the benefit of the doubt till tomorrow. Below is this update: “We encountered another small problem I will fix this too. I just fixed the last one within a day I will fix this also please stop sending in tickets saying your account is way too high. I know and I am fixing them surf and continue as you normally do as I am fixing things“.
I received only one payment today – from IncomeStorm which is consistently growing with already more than 1200 members. The payments are going steadily and within few hours after request. I think IncomeStorm is still undervalued. That’s why I have sent several questions for admin today and hope he will answer them soon. I suppose 15 days of program’s life is a good term to strike a balance. If you want my opinion in general about this program you can read it here.
Filed under Daily News by on Aug 5th, 2007. Comment.
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Comments on August 5. Daily news
If you think back to June 1st He started playing these games with e-gold users.Right before he wiped e-gold users accounts then deleted the accounts,he posted things were well and to keep upgradeing.Which alot of members did,myself included I even upgraded June 6th the day he announced he was going to audit accounts.I guess he thought all members are stupid and would just shrug it off.No stupid him I know of
15 plus members that did not remain,and these were members that were putting in $100.00 and more.Some were members not using e-gold because they knew that before long it would happen again and this time with another PP.Just keep in mind this program is a ponzi he even admits it.Looking at the post in some of the forums he does have a big cheerleading team that belive he is the next beat thing since sliced bread,but when the toast pops up the members will be left with just crumbs.
Hi, Rees! Of course it’s a ponzi and it’s on the last stage of decline now. So grab your money and go out of here. This will not end good. Regarding cheerleaders: there will always be blind people ready to believe in every admin’s word. But they are victims too who mislead other members in my opinion. Paul.