More turmoils in the HYIP & PTS world.
The first quarter of 2006 has been absolutely very rough!!. I really thought after the Storm Pay fiasco and the 12DP incidence things will get more stable. Everyone learned their lessons and many autosurf's admins evaluated their business model legality as a consequence. However, despite all that a smooth ride in the HYIP and PTS world have yet to come.
1. EMO is in troubled water
EMO has been getting enormous exposure right after 12DP dumped E-Gold. Their traffic ranking went up at fascinating speed and certainly followed by a huge influx of investors' fund. Many autosurfs and hyip programs were started to accept EMO. In my own eyes and I believe in many other investors, accepting EMO means a plus sign to the DD evaluation of the program.
As can be seen from the above link, EMO is under investigation. They're now not in control of their assets and operations. There have been many news all over the net which indicates that EMO is very likely continue to sink. It's like a small boat with tons of gold!! They don't have sufficient fund to match the actual number of invested fund. Although everything is not yet definite, it's very likely that those who have money in EMO will lose their money. I also hate to say this, but this time I'm also a victim.
2. CGFin turned SCAM
I hardly believe the news. CG Financial has gained excellent reputation for quite sometime. I trully believe they're in a legit business. But in fact CG Financial was just another dressed up scammer. I joined CG Fin in their 3rd venture capital that expired March 06. I was very fortunate that I requested withdrawal on 2nd and got paid on 3rd. Until to day, many people who made thier request after the 4th have not been paid. NO communication is made. So it's really the time to close the book on CGFin and dump it in trash.
3. MPDW
MPDW has changed their policy over night. Every investor has now a holding period for 26 weeks before they can request a withdrawal. Sell Back unit is also no longer available. The minimum withdrawal is now raised to 3 units. New investors are accepted at 20 units investment. Wooow!! What do you guys thing?
I really don't like this new policy. I think it's selfish and irresponsible. I'm sure if these new policies were in placed right at the very beginning, there was no way they've got this popular. I'm only a small investor with 5 units investment. It was the minimum limit for anyone who wanted to join in at that time. I've withdrawn a few times but have yet received my original spent back. Lots of people have filed a complaint. Let's see how they react. As for now, my recommendation is to withdraw whatever you have when you can. Certainly don't put anything back in.
4. Black Gold Surf
I know there're some people that have been paid but unfortunately they haven't done mine. I think they're in the verge of collapsing. I would recommend anyone who's in to take precaution.
Enough of all the lousy news. As I mentioned, life must go on no matter what happens. Bad thing happens for a reason and everyone has to learn their lesson to move on. A few good things
1. Phoenix Surf & Wired Surf
Both programs have paid me very promptly. Both Phoenixsurf & WiredSurf paid me very promply within 2 business days!! Phoenix Surf has changed their to manual surfing to make their business model legal. Wired Surf on the other hand sticks to their current model. They believe they've done their legal evaluation before the program was launched. To me they're making much more sense !!! Why start something when the legal status is not clear? But anyway, we have to give credit to Phoenix Surf who's willing to change. This shows that they're serious in their business and looking for a long term venture.
2. Private Opps
This is the last program I joined. I think I joined this one on impulse. I didn't really look carefully on the minimum of each contract. Out of all this time, I still made such a silly mistake. Well I guess I'm only human :). The program so far has gained good reputation. The program offers various contracts with compounding interest. Each contract has a holding period within which you can not withdraw anything. Therefore, please choose a contract that suits you best.
On top of that, Robert Vaughn is quite communicative. He informed every member about almost everything that goes on in the program. Overall, this can be another alternative you can consider to diversify your investment.
I think that's all for now....
