Quote:
Originally Posted by 108088
Hey guys!!!
What's that CherryShares has announced about the Short-Term investment plan which changes should take effect on January 1, 2011 as per their email announcement last October 16. But now they've made it effective this November 19, 2010???
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Early changes, I think every investor wondering...
Why?! *
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NOV 19, 2010 - the rules has changed for short-term investment plan.
ROI : 5.0% weekly (First 3 weeks), 5.9% weekly after 3 weeks.
We know that this one of the most appreciated plans because it was offering a quick return of the principal. It was the best offer on the market, but unfortunately 95% of all investments were made solely for referral commissions. We are interested in investing, but not in games with referral commission.
From now on (including your existing active deposits), the conditions are :
After just 3 weeks (Dec 10, 2010 for existing active deposits) all the money will be available for withdrawal at any time. The percentage in the first three weeks will be 5% per week, after that it will be 5.9%. For the deposits made on a short-term investment plan the referral commission will not be paid.
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...anyway, CS reserves the right.
Cherryshares.com - Private investment pool.
View our Terms and Conditions
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Oct 16, 2010.
Cherryshares.com - Big Announcement
From: "
*"
To:
*
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My Dear Members and Investors,
There have been rumours, discussions, assumptions regarding the
changes with the mighty CherryShares program. These modifications are
necessary for the normal work of the relation between us and the
investors. The technical and financial factors have been essentials in
taking these decisions. We want you all to know that your financial
health is on the top of our must-do list.
Here are the changes (Since January 2011) :
1 - Short-term investment plan :
ROI : 5.0% weekly (First 3 weeks), 5.9% weekly after 3 weeks.
We know that this one of the most appreciated plans because it was
offering a quick return of the principal. From now on, the conditions
are :
After just 3 weeks all the money will be available for withdrawal at
any time. The percentage in the first three weeks will be 5% per week,
after that it will be 5.9%.
2 - Daily investment plan:
ROI: Deposits that were made before January 1, 2011 (Daily Old) :
1.54% daily (7.7% weekly)
This plan has been chosen by those who wanted bigger returns than the
short term plan. Of course, it doesn`t have the quick return of the
principal as the short term one has. We will give out interests for
just 5 days a week, not as before.
Deposits which will be made after December 31, 2010 (Daily New) :
1.52% daily (7.6% weekly). These deposits will be displayed in a
separate block on the page balance.
3 - Medium-term investment plan :
No changes.
4 - Long-term investment plan :
Deposits to this plan can be done before December 25, 2010. After
December 25 new deposits for long-term investment plan will not be
accepted. We have reached the maximum of clients we wanted to have for
this.
New members :
We have a huge database already and this is why registration for new
customers will only be possible through the referral link of any of
our client with a balance of at least $5,000. This will give our
program a new, professional outfit.
Affiliate program :
For the deposits made on a short-term investment plan the referral
commission will not be paid. The referral links of customers with a
balance of less than $5,000 will not be active. Therefore, new
registrations via such links would not be possible.
We shall close this big announcement with a quote:
‘There is nothing wrong with change, if it is in the right direction’
- Winston Churchill
Sincerely yours,
Dane W. Wolf
Managing Director
1 Year = 365 days
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