The GoldNuggetInvest Shakeup

The long running and popular HYIP, GoldNuggetInvest, that's been getting a
lot of criticism lately for delayed payments has announced a major shakeup
within the program and out of all of this...I have to give a thumbs up for issuing
the lengthy Update they sent out to me and members.

The site is back up after a day or so of alterations which includes switching me
from a weekly payout plan of 6% to a monthly 16% payments of my invest starting
on ....February 1st. Before I was earning 24%+/- depending on the days in a month.
My pending, which I usually cashout every Monday has now been placed in my
e-wallet and I'll wait to cash that out in the new payment window of Feb 1st to the
7th with payments commencing on the 8th of February.

Now if you have a downline, which some have that's so deep you can't see the
bottom, an upgraded member will earn more where Referral Commissions will
be based on the monthly amount of a member's re occurring invest....

For example. Customer makes a $1000.00 purchase into the Monthly plan.
Referrer would NOT receive 50.00 as they otherwise would (at the onset).
What they would receive is $8 per month for 14 months or 112.00. This is
calculated as follows: ($1000 = customers invested principal)($160 = the
monthly interest received by customer for one month)(.05 or 5% = the declared
rate of return for referral commission)=8(14 = the number of months invested) // $112.00.
 
The rate of commission would be slightly higher if your downline invests
in the Premium Plan


This is the gist of the "Recovery" Plan and not set in stone as changes could come
into affect in the future. The Investment I am now in will last for 14 months and
the Admins have committed themselves to that.



However....now it's one day, one week and one month at a time to see if this
new strategy will work out for all involved. A couple months from now if everything
is running smoothly, I am sure members prefer getting paid regular, instead of the
Admin's "folding" which they considered as an option in their update but obviously
moving ahead with the changes...whew!

This brings me to my opening paragraph where I gave a thumbs up to the Update
about a recovery plan with GNI. Let's face it...what happens when 98% of the programs
online run into trouble. The Admins fall silent, scripts drop offline where Hosting is
canceled or just no payments being issued while the program continues sucking
in more unfortunate investors into the scam. Therefore, I respect the forthcoming
of the crew from GNI in facing the members and state that they are in trouble, here's
a plan we think will work.






 

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Comments

  • 1/17/2010 8:19 PM blondie wrote:
    Good update there Gord and I agree with you 100%
    I know it's a little less but at least it's still there.
    Night

    Blondie,

    Always positive when Admin(s) hang in there and
    pay members what they can instead of clicking
    on a site and "poof!" it's gone, funds and all.

    Gord
    Reply to this
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