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There’s no doubt that Dave is a upright outstanding guy, and D&D has just celebrated for being a year old since then. I have an account on D&D that isn’t surfing much, more of the minimum account type to look what’s going on and see if there’s any potential to put more money in to surf, but something is bothering me much with the decisions that Dave is making these days.
- Making D&D Private
Yes I do understand that the SEC might be clamping down on surfs and that might hinder D&D, but with the surf being made private, lesser people could join them, lesser flow of investors as well.
- Reducing the ROI first to 0.17% (Or something similar)
Not enough funds to sustain the old 1%? Or maybe it’s just a way to pro-long the life of the surf?
- Bringing back the ROI to 1%, Opening the member registration gates more often and extension to 400 days?
A way to get existing private members to invest more and gain back new members?
- Delays in payment recently & turning on compounding option?
Some problems cropping up in D&D already? I wouldn’t really know.
Understanding the fact that this post might stir up current D&D supporters, it’s just speculation. But it’s best to take precaution and I’d think it’s best to present how I feel about them for now.
Popularity: 2% [?]
Yes, it really not comfortable if there are many change in the terms.
I just hope those who get paid aren’t selective members whom he choose.
Hey Jude!
I just joined DND in January of this year, which was right before they went private the first time. When I joined, Dave had compounding on the last day of the month and payment requests on the 1st day of the month. That hasn’t changed. He did lower the rate from 1% to .7% (not .17%) for 2 months, in order to honor stormpay upgrades that were frozen. When paypal clamped down at the end of March, Dave had to make the move to all egold, which was quite a move since most members were with paypal. He tried to make up for some of the changes with some 2% and 3% days and added 35 days to expiration. Yes, he got behind on payments for the first time, but a lot of that was due to scampay and paypal.
I wanted to set some points in your article straight. I agree that I don’t like that he extended payouts from 10 to 21 days. I suspect it was to protect himself. I also don’t like it when private programs flip-flop back and forth between private and open again.
That being said, I’ve no idea whether Dave’s moves are to bring the program life after problems, including a hacker changing egold numbers earlier this month, or whether DND is in trouble and he’s just trying to extend it as long as he can. I’d like to believe that it’s the former reason, but we all know that programs die sooner or later. If you take a look at Dave’s investments were, a lot of them closed down after scampay, so who knows what he’s investing in these days. Most likely it is still other autosurfs. Time will tell.
JMO - Sharon