Unfortunately I have to move FastProfitStudio to Problem status after just 3 days online due to selective payments being made. In fact, many investors have not received their payouts, and I'm currently waiting for my pending withdrawal to LibertyReserve as well. I will give the admin 24 hours to resolve these issues, and if no payouts are processed during the meantime, I will move this program to Not Paying. Please do not invest there any longer.
A shocking news came from StaunchFinances yesterday night as the admin officially announced the closure of the program. For those who decided to jump in early, they are still not in profit yet, but they would've at least incurred minimum loss from this program. This is the nature of the game -- sometimes you win, sometimes you lose. The admin, Brent ran an autosurf program prior to opening this one, and even then, the program collapsed after several weeks. This one's, of course, significantly longer in terms of days online, but both didn't make me any richer. I wouldn't necessarily blame the closure on the admin because I can see that he's still a newbie and that there could've been ways to prevent this from happening so early. Nonetheless, the game's over for this one, so please do not invest there any longer.
If you can recall my latest update on CherryShares regarding their issue with HYIP.com, seems like they've managed to amicably solve this problem. Apparently CherryShares has had a conversation with the admin(s) of HYIP.com, and decided that HYIP.com fulfills their advertising requirement, which means CherryShares has decided also to part ways with MoneyNewsOnline.com, another prominent blogger/monitor. Seems to be that CherryShares reckons that MoneyNewsOnline's presentation style and approach towards advertising don't auger well with their policy. Here are the details:
Dear Members and Investors,
First of all, we want to wish you a great weekend ahead of you and forthose who love soccer - wonderful moments watching the World Cup! We
really hope you will have good time both watching the tournament and
knowing that on each day there is one company that pays your
interestes, without any delays at all!
You all have witnessed these days the confrontations that we had with
administration of hyip.com. They are over now! After a very
professional correspondence and exchange of mutual courtesy we`ve
managed to get to a compromise. We defended our position and stated
again that *we were not aware* about some of hyip.com listing rules.
After some investigation that included also the communication with
hyip.com administrator, we did find out that such rules are fully
merited and are supported by evidence to a great degree.
Also, after making thorough analysis of Money News Online site, we did
conclude that the presentation style and the attitude are not a
suitable advertising area for such a program as ours. In every action
that we take, we don`t want to harm our reputation and also our
flawless approach to our customers. Therefore, we decided to withdraw
our previous advertisement order with MNO. We also know that there are
a big number of customers that will share the same opinion with us.
We wish you all the best and let`s enjoy this great summer with goals
on your scree and cashflow in your accounts!
Sincerely yours,
Dane W. Wolf
Managing Director
That's all for today folks! I'll see you tomorrow with more news from the industry!
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