nobsMailing List
Sign up for our free monthly e-newsletter.
nobsNetwork
Nobs Network Forum Nobs Invest - Nobs Investment Community Nobs Forex Blog Forex for Beginner
nobsPopular Entries
Greetings everyone,
This is the long awaited announcement/explanation post. Due to numerous requests, the management has decided to rebuild ProfitSwinger, and to do this we have to restart the program and all the pending amount will be reset to its original amount, the principal; and to make refund process of the principals by stages.
Why the need to reset ProfitSwinger?
Problem with backlog payouts
- Our e-gold backup funds have been depleted for payouts and our funds in offshore in the form of cash is impossible to bring in about USD45k per day to purchase e-gold and to make the payouts. It is not very advisable as we do not want our bank account frozen as the Big Brother has more than a pair of eyes. We rather take the safe steps rather than risking hundreds of thousands for speed.
- A lot of our time wasted on fixing this issue alone. Even though we have tweaked several times the script, the problem just keep repeating and this is because we show earning earned daily. So when there is a glitch even a day the pending amount will show short. It is disappointing and not worth it to continue with the current script.
- Logically, if all the fund wants out and nothing comes in there is nothing for us to trade and invest, then give return later. Most of the time forum member attitude plays an important role influencing the total deposit each day ProfitSwinger gets.
Solution?
We will stop taking deposits from the current ProfitSwinger site
We will get the new site up, and for your information the script is almost done and being tested. We will have it announced when the new site is ready and available.
The old site will still be available until we have finished refunding the entire principal.
This strongly depends on:
How well the next PS will be, inclusive the plan and contingency plans
How fast we can liquidate the money from offshore for e-gold purchasing
The current resources that are already available since the operation of PS will be used. This means that we will start fresh but with much better running than when PS first run. The current fund holding will still continue in investment form.
We will revamp the script so that we could work with it easily and anticipate in less issues arising.
Having extra admins as well as adding more staff officially.
————————————————————————————–
We hope that the tribulations we have faced have concluded a lesson for all that PS in the end is just another “HYIP Program” and there will be times that will be at the top as well as at the bottom.
Since the beginning we do not guarantee your investments but if possible cope with the risk you are comfortable with and we will manage your fund the best possible we could. We do not work for anybody and if you are confident please invest wisely and if you are not there are other guaranteed investments out there.
Yours truly and faithfully,
ProfitSwinger.com Admin
P/S: Sorry for the late update, were too busy reconstructing a better PS. Please accept my apologies on behalf of PS Team.
Popularity: 1% [?]
I’ve never joined this program but I find them honest as long as they refund their members and (like any hyips) there was NO guarantee of profits so they comply to their TOS. No investors should complain, it would be so easy to run away with the money instead of facing difficulties. PS has a long history of payouts so I feel it’s safe to join their new venture when they decide to re-open it.
Agreed with u Luc. I’m not a cheerleader but I believe the refunds will come soon. At least they are beter than Solid Investment