Jude just posted that a few of us were talking in a conference. One of the things we were discussing was Leo’s excellent advice on “The Problems With Forums. Why You Should do Due Diligence on Posters in Threads”, located in DrunksWorld. (Read it! It’s extremely useful when you are trying to decide on joining a program or re-investing in one.) We were also discussing the SEC investigating Global Online Deposit news. Read the full story here. That lead to a conversation on how programs call investing different terms, like “loan”, “deposit”, “membership fee”, “ad pack”, etc.
The subjects reminded me of an old saying:
“If it walks like a duck and quacks like a duck, but they call it a goose, then it is still a duck!”
Another version of this can be applied to programs that quit functioning, usually quitting payouts:
“If it walks like a duck and quacks like a duck, but doesn’t swim, then it is a dead duck!”
JMO,
Sharon
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