22/06/08. Sunday News and Reflections

There’s just a couple of news items I want to report on today. For instance, I received a strange newsletter from MMG forum last night where they actually endorsed Tradelite program. I call it strange because I always thought that MMG forum always kept their distance, remained neutral and not endorsed any online investment program. I guess Tradelite made them change their mind. Just look what they said in their newsletter:
“Tradelite is another program that stands out from the current offerings on MMG. Their site design is very clean and professional, as has been their communication style and advertising campaign. There returns are on a respectable cycle, maxing out at nearly 200% ROI after 2 months on their “60D” plan. Tradelite clocks in as another program that reminds many members of the old days, especially when compared to all the other “20% an hour for 20 hours” style hyper-programs that are saturating the HYIP industry right now. The company says member funds are traded on the markets into a handful of different ‘derivatives’ by seasoned former JP Morgan traders, and that only 5% of funds are at risk at any given time. They also offer the ability to cancel investments at any time for a modest 10% fee. Tradelite shows DDOS protection on their site, as well as information about their formation and protection as a Panamanian company.”

I wonder if Tradelite is really the great program which we have been hoping to see for such a long time. And in my opinion it really stands out from the other high-yield programs. Judge for yourself: real registered company, unique and secured script, instant payouts, original plans and the possibility to instantly withdraw your principal with a 10% fee. There are many other things that I outlined in my review of Tradelite published here. Also you can find out more details about the program in my interview with Tradelite project coordinator Martin Mitchell here. I will not repeat myself but just say that I agree with MMG experts evaluation of Tradelite‘s potential and think that Tradelite is really the program one should join.

Another thought occured to me today. I asked myself a question: is it possible that a program can regain its popularity in its second round after refunding just 5% to the members? Well, as you can probably guess I’m talking about 12Daily.Pro – a surfing program that once being a popular autosurf stopped paying after just 7 weeks and opened another round. Many members were angry at this admin’s decision and it’s understandable – they lost some money. But let’s look at the situation from another angle: the admin of 12Daily.Pro didn’t run away like other 99% of the admins do. He refunded 5% to all the members not in profit and promised that during Round 2 that had started a couple of days ago these members would get bonuses up to 50% of their lost amount from Round 1. I think in this case it’s much better than nothing.

The admin just posted this on MMG forum: “You will get additional 45% of your losses during Round 2, but there is no specific time-frame for this. Referral commissions or other earnings except for upgrades in Round 1 are not subject to refund.” Many people wonder if there’s some trick to collect more money before vanishing. Well, I don’t think so as in Round 2 many members will be aware that 12Daily.Pro is a ponzi-program and will treat it as such instead of rushing and depositing thousand of dollars like it was in Round 1. Exactly this thing in my opinion was the main reason behind 12Daily.Pro‘s premature demise in Round 1: many members upgraded thousands but they withdrew even more and many of them appeared to be “hit-n-runners” and not reupgraded. Of course, this event would end every ponzi-program and as you know a constant positive cashflow is essential for its survival.

There will be a completely different situation in 12Daily.Pro Round 2. The cashflow will grow slowly and steadily and so avoid the problem of extremely fast growth. The admin will have no reason to close the program too early and theoretically Round 2 can be run for months. The regaining of the members’ trust will be an extremely difficult task for the admin and it will surely take much time and during this time a few smart members will make profits. This shrewd minority seems to know the rules of the game and started making upgrades now fully realizing that the chance to be in profit for those who will join fast is very big.

Anyway, these ponzi games are really hard to understand and even harder to predict what will happen next. But in my opinion the admin of 12Daily.Pro Brian really wants to rectify the situation and avoid the issues that happened during Round 1. Let’s see how it will go in Round 2 as I upgraded already and got paid some referral commissions. The only changes that happened to 12Daily.Pro in Round 2 are:
1) the maximum upgrades should not exceed $1,200 and
2) AlterGold is not a payment processor for upgrading anymore.
The other rules stay the same and to know more about 12Daily.Pro you’re invited read my interview with the admin Brian here.

Please don’t get me wrong as it’s what I’m thinking and I can be mistaken as well. But this is how I see things with 12Daily.Pro currently. Then history will tell us what will happen next. See you tomorrow as usual!