8 March 2010: Wazzup Daily HYIP Updates + GeniusFunds News

Today's news and updates:

Unfortunately, I have to move Santiventures and Skinex to Paying Selectively right now. Both programs have pending withdrawals right now, and I've not heard a word from the admins regarding the situation. Nonetheless, I've seen some members being paid on forums. Please do not invest there until further notice. But judging from the situation, I would say both programs are facing cashflow problems.

Xcelsus (I'm still waiting for my payout) sent out a newsletter a few days ago informing members of the latest changes in the program. One significant change is the lowering of the minimum required to participate in Xcelsus. The admin has decided to lower the minimum to a mere $25 in order to join the Micro Test Plan. The admin has also added SSL-encryption for added security. Here's the newsletter:

Dear Safemoneyinvest, hope you are having a nice weekend, some news here, and welcome to all new members, well last week we had the second board meeting quite a few subjects the most important for us is i motioned again lowering the minimum investment for the normal plans, that is excluding Surf Xcelsus plan, and guess what i finally got it. How we manage it was to draw an average, taking all suggestions from members like some said minimum should be $1 others $5, $10 $20 etc. adding all those and the minimum that was $50 we get $86 we divided by 5 round it up and buala the new minimum to take everyone in to consideration is $25. So from March first the minimum investment for Micro Test Plan is $25, i hope this makes more appealing for you to invest.

Well after the meeting i flew to Can Cun to spend the week end, and let me tell you it is a great place very nice weather, unique white sand beaches, great seafood, great places to visit and do scuba go fishing or just relax, so i thoroughly recommend you get your free vacations and come down here to meet us and spend some real nice time in this Caribbean paradise. Waiting for you Safemoneyinvest

Another update is we migrated servers also attending to a majority of the members concern about security we have now SSL connection, we are installing it in the information sensitive pages but meanwhile if you like to choose secure connection just type https instead of http so for the secured connection that would be

https://www.xcelsus.org

One more we installed a live chat feature in the site now you can contact us directly from there, use it if you have questions or any issue that needs fast action. Or just drop by to say hi. We always appreciate your contact.

We have started the second round of payments this week, i have been having some questions about this i address it in another newsletter back time but here it goes again, results that the script do not fit our kind of plans and times except for the Surf Xcelsus plan so what we do is download the info and all calculations are done off line that is why no earnings appear in your members area but do not worry payments come out automatic so you do not need to request the withdraw, the script serves us to know who invested when and how much, so ill ask you a favor just keep track of your payment number like 1/10, 2/10 etc. you should expect Attention on this one your payments every 20 business days that is Monday to Friday again except for the Surf Xcelsus plan, so from the next day you invested count 20 business days that should give you the payment day and from the next day you received your payment count again 20 business days and that should give you the next payment date more or less, if you still have any doubts or concerns about this please contact us. We will also appreciate if you like to support us at the forums and monitors posting when you got paid, thank you.

Well i think that is all for this one hope to see you soon and have a nice week end Safemoneyinvest

Best Regards
Boss
Proud Xcelsus Admin.

I want to say thank you for an honest program to Fasteddy, a senior member from MMG who poured his heart and soul into running his own HYIP program. However, due to lack of support from members, in fact, I think only a handful of members who actually invested in the program, PsychoticHYIP is closed. The admin has processed refunds for those who were not in profit, and I've already received my refund. Thank you, Fasteddy. Here's the newsletter:

i want to say this is the final day we will be open as we have failed to get new members to sign up, we have been stuck at 19 members and 11 upgraded members foe the last month or so.

I will be sending back your initial spends that you upgraded with. Please look in your liberty reserve account for this money with in the next few days.

Monitors will be getting no money back as this was advet money i paid for the monitoring.

I apoligize for failing you all in this adventure.

Please spend your money wisely in this merket as you will lose it fast.

Take care and thank you all for your suport!!!

I joined an autosurf recently called DoubleFunds which utilizes a very unique concept. The program is a hybrid between HYIP and autosurf, splitting your funds into half and one of the two halves goes into a 2% daily plan, and the other goes toward 10% daily for 13 days. That means if you invest $100 in this program, $50 will pay 2% daily for 100 days = 200% profit, and the other $50 will pay 10% daily for 13 days. Thus far, the program has been paying on time, but I wouldn't recommend joining this one just yet because I've just noticed a few things about the program that I don't feel comfortable about. If you've already joined this program, then please withdraw your daily profit. If you're not in yet, then think about it properly before investing. There are much better programs out there that deserve your investment. Here's the latest newsletter from the admin:

Hi Safemoney,

Todays payoputs are completed. Now over 35 days running strong.
I now require ALL paid users to make a post everyday before you get your payout.
I must do this because I do not see that many users supporting us. So go post now. Inlcude your user ID number.

http://www.moneymakergroup.com/Double-Funds-Doublefund-t329658.html&st=255&start=255

I am also going to give 15 referrals for every $200+ purchase.
Please mail me after your purchase.

Thank you and have a great day.

I expect to see you supporting our program for at least the next 3 months.
How about if you are a forum user you place your referral link in your sig?

Mark Diamond
Double Funds
http://DoubleFunds.com

GeniusFunds has recently sent a mass email to a number of members that involves the launch of several new plans called "Select Plans", which are supposedly offered to "select" few investors (read big investors). I've received the email myself, and was shocked to find, minutes later, that GeniusFunds sent another letter apologizing for their blunder. They explained that the plans are still in the drafting period and are not ready to be launched. Well, I emailed them back inquiring further about the plans, and this is what I received in response:

Dear Cody,

This is stickily per invitation plan for a list of our long time selected Investors.

It carries no no-sale term (with some restriction for the first 30 days) and returns higher profits.

Here are promos to our investment options:

http://promo.geniusfunds.com/geniusfunds_emerging_markets_growth_fund.pdf

http://promo.geniusfunds.com/geniusfunds_world_bond_market_fund.pdf

http://promo.geniusfunds.com/geniusfunds_world_high_yield_deposit_account.pdf

Thank you for choosing Genius Funds.

Panos Christodoulou

Genius Investments Limited

Does that mean the plans are already offered, but only to select few investors? I guess the answer is yes, and I've seen a few posts on MMG about members investing in the select plans already. But the big question, the million-dollar question in fact (literally), is this: Is GeniusFunds having a cashflow problem?

Before I answer that, please be informed that no legitimate business in this world is capable of promising a 1.2% daily return for 5 days a week. It would be a miracle in the investment industry to even promise an annual return of 20% (less than 2% a month!). There are, nonetheless, companies that attempt to achieve such a result, but I've not seen any that have succeeded so far. Not the ones still around in the market at least.

With that in mind, I would like to channel your attention towards several things about GeniusFunds:

GeniusFunds is, indeed, facing a lawsuit right now, and that's one that could potentially cripple the whole program. The lawsuit itself will not be of major problem to GeniusFunds, to say the least, but the ripple effect is one that we should be aware of. Investors are very easily influenced by these factors. And we can expect an uphill battle for GeniusFunds in these few months going into the court.

GeniusFunds has been paying for almost 2 years without any problems now. Does that mean it's risk-free? No, it doesn't. But that does provide us a window into the depth of reserve funds they have. Even if members start pulling out money right now, which undoubtedly they are, I think GeniusFunds will still have support from loyal members who have profited thousands of dollars from them, and that will definitely be a huge factor in determining GeniusFund's longevity.

GeniusFunds is offering "Select Plans", plans that have a minimum of $2000 to join, to only a few investors. What does this mean? If GeniusFunds is facing cashflow problem, wouldn't it be a better option to just open the plans to every investor? Now as a pre-emptive measure, I'll assume that GeniusFunds has been long enough in the industry to know that once they open a plan that promises 10% or higher to every investor, they're doomed. This could explain why the "Select Plans" are offered to only a few select investors that GeniusFunds know are capable of investing large sums of money. And given the size of GeniusFunds, which could easily be one of the largest, if not the largest, HYIP program in the industry, they definitely need tons of money to settle cashflow problems.

In my opinion, if you're already in the program, then let's not shout in panic and fling your hands around as if the world were coming to an end. It would be wise to just observe how things go and just hope that GeniusFunds will survive the trial. Until then, I'm enjoying my daily payouts =D

That's all for today folks! See you tomorrow!