12/07/2010. Daily News from the Industry

Hi, guys! Well it looks like most people’s favorites Spain won the World Cup last night. Deservedly so I thought. They were better and have been consistently the best team in the world since winning the European championships two years ago. I was kinda sad though as I supported Holland. As The Rolling Stones once sang “you can’t always get what you want” but I guess I’m still glad that at least there’s a new winner of the trophy and it went to the team that deserved it most. Something a bit less celebrated recently is the HYIP with many investors either on holidays or simply being very cautious about both investing and reinvesting.

I’m not 100% sure yet but the future doesn’t look bright for the short-term program ProfitStars as today no payouts have been completed yet. I don’t know the reason for it yet but I saw on the forums some non-payment reports already which usually means that the program might really be in trouble. I believed ProfitStars was really a program with a twist and really had some unique features that could make it last longer. So what happened is this: either the investors didn’t reinvest after the first cycle despite all the bonuses made available by the admin or else he just got too greedy and closed early since the program was such a popular option among investors. Anyway, I’m aware of my responsibility about creating panic among investors but I simply cannot recommend you invest or re-invest in ProfitStars at this moment (at least until the admin replies to me and pays all the delayed payouts). It would be sad to see such a quality program go but it’s already well past 21 GMT and the withdrawals are not paid while the FAQ page says that “withdrawal requests are processed every day between 7.00 am – 09.00 pm GMT within 15 minutes”.

I noticed that there was some kind of virus yesterday when I tried to access FundsOMatic site (reviewed here). Fortunately my anti-virus software was able to detect it and prevent access to the site. It probably saved my computer from being seriously affected but I’m not quite. I must say that the admin was very fast to reply to my concerns and he promised to discuss it with his hosting provider. I don’t know if this talk helped but today when accessing FundsOMatic everything seemed to be back to normal. I remind you that they pay 0.8%-1.8% for 200 days and 7%-14% for 26 weeks and accept all the popular payment choices including LibertyReserve, PerfectMoney, AlertPay, GlobalDigitalPay and even already dead StrictPay.

The site of ReProFinance was offline for over 24 hours due to some server maintenance. Now it’s back and the instant withdrawals are working just fine again. Unfortunately there is still no update published regarding this issue so I guess it wasn’t all that serious after all. ReProFinance (reviewed here) pays a very moderate return of 0.8%-1.5% for 90 days and 0.9%-1.9% for 180 days with principal returned on expiry and only LibertyReserve and PerfectMoney e-currencies accepted.

The admin of GoldCollarInvest asked me to update the review which was published on MNO earlier to reflect the changes that the payouts are not automatic anymore and you have to request it manually since the switch to the licensed GoldCoders script recently. So the plans still suggest that you get paid 8% to 12% weekly return but the rules on how it’s credited to your account have changed and you can read more about that in my updated review here. Also the admin of GoldCollarInvest told me that he was pretty busy recently so he would answer the questions for the interview I sent to him as soon as he gets some spare time.

Please note that the PrivateDiamondClub website might be not available at the moment for some users as it looks that their hosting provider is experiencing some technical difficulties. The admin has already informed the members about this on his Twitter http://twitter.com/pdiamondclub which you can check often for all the latest updates even if their main site is down. Here is what is written there regarding the temporary downtime:
“Dear members, we are having a server downtime. I don’t know why yet, but it seems our host is facing the same issue. We will be back shortly!”

By the way, staying on the topic of PrivateDiamondClub I must say that I received a pretty huge update last night after publishing my daily updates already. So in a nutshell what it’s all about:
1) the website’s update is nearly completed;
2) their continuing adventures in the African diamond trade;
3) some important change in withdrawals schedule and from now on they will be processed only on Tuesdays and Friday (instead of the previous Monday to Friday schedule).
I guess that last point will be of most interest for the members of PrivateDiamondClub investing in its daily, weekly or monthly plans (more about the plans read in my review here). So I imagine that the decision was made to reduce the work load on the support staff and free up some time for other important stuff like answering support tickets, working on the site features and trading issues.
Anyway, the whole update is quite long and if you’re interested you can read the full version below. So here is the latest from PrivateDiamondClub:
“Dear PrivateDiamondClub friends,
This is my trading news update from my last journey. While Lars is in Kenya I asked Hilde to send this newsletter to our members. The site update is slowly going to be finished. As I know the Digipass Pin Code and the SMS verification is giving our programmer some headache. But most updates are done. If a site is not working for you please send an email to mail@pdc-ltd.com
Lars, director of the PrivateDiamondClub, will send out his newsletter out tomorrow.
Back to my journey!
While the official value of the trade was US$500,000 I decided to trade US$ 700,000.
I made many trades in this area and I knew the official who is a certificated mining owner and trusted in our business.
However, my partner (the mining owner) was aware of our internet site and said there is a web of people who make money from the sector, not only people me and Lars know, or government officials, traditional chiefs, no now also foreign investors all living off the backs of the diggers by extorting a percentage. I ask if this is a problem. And yes. One signature was missing. And I suggested ways of co-ordinating the trade. I wanted to sign the contract over US$670,000 but the miner valued his own product just US$610,000. What a deal… No time to loose. But the signature that our club is international was missing. Lars needed to be contacted. We are know as investment club. But online is something new in Africa…
Also a law in Kenya stopped me, after my Diamond Expert Henry informed me about the quality… I contacted Lars who had to fly to Kigali, than to Burundi. In the end after Lars needed to use his contacts and his friendship to some high officials and we had the signature. (please note our privacy policy for Lars von Oldberg and the head of trading + our trading partners!) Kenya has a laws and our certificate is just for imports of uncut gemstones valued under US$750,000. The quality much higher. Henry, our diamond expert, was so impressed, he checked 3 times… The rough value in Kenya without any work would be already over one million dollar. Our heads were spinning. Now we had the product and Lars did what he could. Me and Henry moved to Burundi by road. There this law is not known. A small tip at the boarder was a must… … After the tin trade deal… we lost time. And our big investors are mostly not online, but most important the people who buy the product from us, waited long enough. After I refused to sign the contracts to buy shares of the tin mine I had to come back with nice profits. It took time. 2 hard weeks… And the trip was over. Henry, me and a 3rd partner transported the diamonds by road to the capital of Burundi and some of the rough diamonds went yesterday by plane to Kenya. The other part will be sold from here. (I write in US$ to make it easy, normally we calculate in carats).
I am thankful for the knowledge of Henry. As a trader, I am also in charge of valuing the product. But this is sometimes impossible. I would have undervalued the stones, and this would be a disaster. Our certificate is limited and rough stones valued over US$750,000, and than we have a higher tax class for all stones (35% higher). And we are not allowed to sell them shortly after. There would be in a lock in period of 2 month. But we avoided it… The products are safe and 2 of the 3 rough stone buyers are in Kenya already. The other buyer from Dubai will finalize everything with Lars in Kigoma next week when we settled. For me… A very successful trade. A bit like the stock market with ups and downs… but what counts is the profit… and we are more than satisfied. We decided to move the main trading office away from Kenya this week or next week, because me, Lars and also
Mrs. Natasha. A. are mostly traveling to plan the trips. We are near the boarder of the DRC or the CAR! We are moving our office due to a lot of reasons, positive for our investors and more easy for us. Our Financial Director will update you on this weekend. Now I am working on the final part of my tin deal video! Part 3 should be ready in
2-5 days! My news section can be found in our new “news and media area” the downloads should be ready tomorrow. I guess yesterday and today our web programmer was more interested in watching the Finals in South Africa, and with a beer in one hand and the remote control in the other hand I guess it’s difficult to control the computer as well. The most important news from Lars was a decision from me and Lars. The new terms.
Please note the old withdrawal terms will change from Monday!
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“Old Withdraw Terms………
…Interest is paid daily, weekly or monthly to the member’s account. To withdraw money from the balance the member has to make a withdraw request in the member area. All withdraw requests are paid within 48 hours (up to US$25,000) or within 62 hours (over US$ 25,000) via e-currencies…”
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“New Withdraw Terms
Interest is paid daily, weekly or monthly to the member’s account. To withdraw money from the balance the member has to make a withdraw request in the member area. All withdraw requests are paid on Tuesdays and Fridays via e-currency. Western Union and Bank Wire Investors are getting paid within 12-24 hours on business days for requests under US$15,000. Requests over US$ 15,000 take
up to 48 hours”
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We are also avalible for our members via phone again.
Tel : +255 778 26 5231
(On business days Lars, our Financial Director Natasha A. M. or myself will be available for you between 11:00am – 06:00pm (CAT)
Please note the Timezone. We are using the timezone (CAT) that is (+ 3:00 hours GMT)
For now, thanks to everyone who helped from investors to officials and I send all my best wishes to Spain. Well done.
The Head of Trading , 11 of July 2010
PrivateDiamondClub Limited”.

I was paid today from the following programs on my monitoring list:
OnyxInvClub, InWolton, GoldCollarInvest, Biffalo, FluxRates, FundsOMatic, SolidInv, HOX, YamaFinance, RedOrchidInvest, YesInvestment, GoldenInvestment, EzProfit, CherryShares, OilStructure, Disalina, ReProFinance and FreshReturn.

That’s all for today, guys, and I hope to see you all on my blog tomorrow!