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Jul 31st 2006
I made some DD and explain briefly the program.
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Admin Contact and Address: Joe Hunter - Fairfield, Alabama, USA 35064 - Telephone: Private - The domain was created on the 25th April 2006 and will expire on the 25th April 2007
Admin Contact and Address: Joe Hunter - Fairfield, Alabama, USA 35064 - Telephone: Private - The domain was created on the 25th April 2006 and will expire on the 25th April 2007
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The good sign is that - unlike many hyips - there are no inflated statistics on the home page. Joe is keeping honest records of his program progress.
The good sign is that - unlike many hyips - there are no inflated statistics on the home page. Joe is keeping honest records of his program progress.
Bear in mind there are some infos the admins have to keep secret and it’s impossible to verify ALL infos provided. Internet is based on TRUST.
How does tenforever is making money? Joe declined the answer, in one word: it’s TOP secret. He said it’s a complex profile consisting of many types of investments but for the sake of competitiveness, he won’t divulgue details otherwise other ventures will learn about it and be as successful as they are. I like his honesty, it’s better then to hear admin saying they are investing in FOREX as a cover.
How do they make money with their plans?
In 10 days, tenforever would have made enough profit from the member’s deposit. With that profit, they will keep a certain percentage and reinvest the rest again to make even more. The kept percentage is to cover withdrawal requests just in case members do so before tenforever reinvestment comes back to them with even more profits. They’ll keep on doing this and by the end of 30 days, they’ll be able to pay the members the regenerated profits, which is slightly more than 300%. Whenever that is more than 300%, tenforever takes a small profit for themselves and use the remaining to regenerate again.. in order to cover other members’ withdrawals. It’s very complex, but definitely sustainable with careful management of the funds. They’ve done it this way for years with their own money and have never lost a single cent! in fact, it proved to be very profitable, which motivated them to create their program to rescue this industry. At the end of the day, not only they’ve made some profits for themselves but they also helped all members to profit as well.
In 10 days, tenforever would have made enough profit from the member’s deposit. With that profit, they will keep a certain percentage and reinvest the rest again to make even more. The kept percentage is to cover withdrawal requests just in case members do so before tenforever reinvestment comes back to them with even more profits. They’ll keep on doing this and by the end of 30 days, they’ll be able to pay the members the regenerated profits, which is slightly more than 300%. Whenever that is more than 300%, tenforever takes a small profit for themselves and use the remaining to regenerate again.. in order to cover other members’ withdrawals. It’s very complex, but definitely sustainable with careful management of the funds. They’ve done it this way for years with their own money and have never lost a single cent! in fact, it proved to be very profitable, which motivated them to create their program to rescue this industry. At the end of the day, not only they’ve made some profits for themselves but they also helped all members to profit as well.
The program tenforever is what we call in the english jargon: a “sleeper”, the admin doesn’t advertise heavily cause he wants his business grow NOT too FAST but STEADILY. This prevents the program from being labeled a ponzi, because a ponzi needs an ever-increasing number of deposits to sustain. When a surge comes in due time to their popularity, they will cap the max amount they can hold at any one time by stopping new memberships in order to make the fund very manageable for them.
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The program:
The minimum Deposit is $1 in the Standard Plan and $10 in the Quick Profits Plan
Standard Plan: returns 10% until you request a cashout
Quick Profits Plan: returns 120% in 11 days
5% Ref. Commissions, 10% Ref. Commissions for at least 6 referrals
A Weekly Reward Bonus where the benefits are shared with members.
Standard Plan: returns 10% until you request a cashout
Quick Profits Plan: returns 120% in 11 days
5% Ref. Commissions, 10% Ref. Commissions for at least 6 referrals
A Weekly Reward Bonus where the benefits are shared with members.
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You can also get infos on MMG forum or in their own forum, the link is in the front page of their website.
The site link: http://www.tenforever.com/?ref=realestates
Popularity: 3% [?]
OMG, so you think is ten “forever” is not a Ponzi??
OMG …..may god help you.
maybe you should add that this is a game and that there s nothing possibly real with such returns….even Chancer would have done that
Serious Investor, you may have some proofs to say this prog. is a Ponzi???.. If so, pls, let us know!.. Never draw too fast conclusions!
Damien_k, there are always risks involved in any program, I said in the 1st part to treat this one as a “game” and use the Golden Rule. Personally, I’ve already made 11 times my initial investment, I play only with my profit now… so far, so good!