Yet more glum news: -
TFT is closing.
Adam posted a message on the forum to say "We have had a few problems with the earning vehicles used for TFT." He goes on to say he plans to invest all the money in TFT into a private placement and he will then pay everybody out on the 31st January.
He is still allowing purchases to be made until the 3rd January but he will no longer being paying out.
At the moment I think the chances of being paid out fully from this program are 50/50 but all I can do is wait and see what happens.
Andy mentions in the post that this change will not effect XLO but I cannot see how that will work. I am now in profit with XLO and had started to put some of the profits back in. I put another $100 into the program a few days ago but I will not be investing anymore.
Onto happier news: -
I did invest with Coastin' 88 but rather than put $300 in as I originally planned I put in $330 and every day I cashout from CEPCoast and Coastin88 and put all the money straight back into Coastin88.
I will continue to do this until the total amount of money flowing into the program starts to steady out.
I'm not sure on the best way to show the money on the right hand side of this blog. It is easy with programs such as 12by12 (R.I.P.) and other programs that cash out once, but with the profit share model you can cash out daily and re-invest.
For example - At the moment my Coastin 88 account looks like: -
| ID | Amount | Purchase Date | Total Percent Earned |
|---|---|---|---|
| 2524 | $130.00 | 12-22-2006 | 40.00% |
| 2845 | $220.00 | 12-23-2006 | 32.00% |
| 3005 | $40.00 | 12-24-2006 | 24.00% |
| 3218 | $45.00 | 12-26-2006 | 16.00% |
| 3561 | $45.00 | 12-27-2006 | 8.00% |
| Total Ad Packs: | 5 | Total Amount: | $480.00 |
Does this mean I should count my Coastin 88 account as $480?
If anybody has any ideas about this then please let me know.
I'll have a think about it and update when, and if, I work it out.
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