This headline was kinda ironic because of all the enthusiasm the admin of 12Daily.Pro Brian put into his eagerly-awaited update regarding refunds and the future of 12Daily.Pro. He decided to return all the upgrades made on the 15th and the 16th server time to the members not in profit. Unfortunately those who upgraded earlier will receive only 5% refund. Here’s the whole update published on all the forums:
“Due to some faults in our recent business strategy we lost a significant amount of our funds and could not continue paying everyone at the promised rates. But we don’t give up so easily. All the remaining funds will be refunded as stated below:
– Members who upgraded on the 15th and 16th of June ( server time ) will get their upgrades for those days back if they are not in profit or just a part of those upgrades equal to their overall loss.
– Members who upgraded earlier and returned less than 50% of their upgrades will get a 5% refund.
After processing the refunds we will continue our work, but the investment limits will be much lower now ($1200 / upgrade, 4 upgrades max) and all the previous earnings will be canceled. We hope you can give us another chance and thank you for your support.”

As you can imagine this update was taken very badly as many members never withdrew a cent from the program and constantly reupgraded or just joined too late to make some profit. That’s why such the decision to return only 5% (measly amount really) and continue the program as if nothing happened seems ridiculous to many investors. Of course, 50% instead would be better, and the admin could then have counted on some loyal members’ support. But this ridiculous offer, which certainly didn’t add credibility to the program, was received as some kind of bad joke.

The admin of 12Daily.Pro promised that all the refunds will be processed within the next 48 hours and as far as I know many members received them already. But even if the 5% refunds are processed does it mean that 12Daily.Pro will be successful again and be able to start from scratch as if nothing happened? Of course it won’t happen.

The worst case scenario will be that 12Daily.Pro will not get enough upgrades and has to close prematurely. Of course, the admin doesn’t make refunds just to keep his good name. He’s completely anonymous and will stay that way. If he didn’t want a bigger piece of the pie he would not decide to start Round 2. He’s obviously here for more money.

So a better scenario will be that a small amount of members will trust the admin again and will upgrade with smaller amounts. That will make Round 2 last a lot longer than Round 1 and 12Daily.Pro could become a stable program. In my opinion, the real reason of why Round 1 ended so fast was the fact that the members started to join with thousands of dollars and the admin got greedy and so had to end the program prematurely. Of course, I can’t read the admin’s mind and know the real reasons of the closure. But I guess I’m not that far from the truth when surmising what may have really happened.

Be it this or that, one thing is for sure: 12Daily.Pro failed to become the best and long lasting autosurf program in 2008. And even if the Round 2 takes place it will never become so popular as it was before. I’m really sorry for those who lost in 12Daily.Pro but let’s wait and hope that the admin at least refunds 5%. I still have doubts in my mind it will happen!

Other news for today.

The most exciting news today came from Tradelite program. Continuing its amazing development Tradelite offers their investors who have more than $1,500 in either active contract (118% after 20 days, 147% after 40 days or 194% after 60 days) free Visa debit card. This is the update from Martin Mitchell (read my interview with him here) that all the members received today to their emails:

“Almost three months ago, we made a promise to all our future members: We will never stop developing, improving and adding new features to our investment platform! As another fulfillment of this promise, we have now introduced FREE Tradelite VISA Debit Cards. You can now withdraw your offshore earnings from your Tradelite account at ATMs in more than 170 countries. In addition, you can use your card to pay at stores anywhere in the world where VISA cards are accepted. The card, the shipping and the funding of your card are absolutely FREE, there are no hidden costs. More information is available inside your Tradelite account.”

Surf-Redefined announced a referral contest today: “Today Surf-Redefined‘s much awaited referral contest has just started! Great prizes await the winners of this amazing contest we just started! Prizes: 1st prize will get $100, 2nd prize will get $50, 3rd prize will get $25. This will not be out last referral contest because there will be more. Our contest will run from today until July 9, 2008. Rules are simple, we will count total upgrades referred by the user and not the number of referrals referred to our program. This is to prevent cheating because anyone can just refer people and they do not upgrade. Monitors will be qualified only to win the 2nd prize and 3rd prize and not the grand prize!” I was never an admirer of referral contests because as a rule they start at the stage when the program is at an end. Of course, I’m not telling you that Surf-Redefined is going to close anytime soon. There’s just a possibility that the members will promote the program more thus causing a bigger cashflow and therefore shorter lifespan for Surf-Redefined program. Anyway, if you’re interested in getting more info about this autosurf please refer to my interview with the admin published here.

Today I received my payouts from LibertyInsider, Tradelite, ProfitsAddict, 8DailyForever, AcmosTrade, SafeAtom and EliteMoney. Unfortunately, there’s still no news from GoGoTrade and V-Project. I still hope they will come back online soon.

Another program I joined today is aimed only for serious investors that can afford to invest $150 minimum in a medium-term program called LargeSum. I will make a detailed review of LargeSum tomorrow. Today I’d like to say that LargeSum is online since 2006 and seems to be a stable and well-established program with plans starting from 1.6% for 30 trading days with principal return. More details will follow tomorrow so stay tuned!