Review Of The Interview With InoFund HYIP Site Owner David Brown.
On the usually great blog Ecommerce Journal we read the article relating to the Interview of David Brown, owner of the Inofund Net Online HYIP site. This is one of the HYIP sites we are currently testing, which means we have invested a small sum with them.
It is, alas, my duty to report that I was quite flabergasted at the brutal honesty of Mr. Brown. He is actually forewarning us that, I quote, “Perhaps, when the business becomes unprofitable in 2009-2010 we will shut it down after making payments to our customers.” It is unfortunately all too often what happens to Online HYIP Sites, except for the “making payments to our customers” part.
I know that we are in a High stakes, high risk environment, but, please, Mr. Brown, spare me the adrenaline shot next time ! Sure, the text probably originated from a non-native english source and something got lost in the process of translation. It still scared the hell out of me.
Further, the interview reads like an obvious infomercial. A highlight on the 13% commissions referers get from Inofund Net, and yet another one on the DDos protection. True, every week, some or other HYIP site is the target of “denial of service” attacks; it seems the hacking community out there have grouped barrages aimed at specific sites, picking out one at a time. That reeks of organized actions, but in the web 2.0 environment, thing can go very fast on the Internet.
The Lusaka Stock Exchange did indeed go up quite a but last year. Part of our due diligence is also to go on a fact finding mission. But stating: “I think it will be interesting for you to know that a few weeks ago Zambia’s stock market jumped thousands percent within a day.” is not quite clear to me.
And painfully clear is this: “Certainly, there are some risks but they are covered by the professional speculations of our traders.” There goes my adrenaline again! I hope he did not recruit NickLeeson or Jerome Kerviel for that matter, but it would have been nice to know a little more about the traders. There you have it, you read it for yourself: they speculate.
That is, they take “educated guesses”, hoping they took into account all variables and pray no unexpected event comes to throw havoc in their profit curve forecast, which becomes investor’s as well.
Further, here is talk about transfer of payment costs, wich we all know are prohibitive if we choose the traditional methods, which makes us dependent on not always reliable digital funds service providers. According to Inofund Net, it is the fact that most payment systems are registered in offshore areas that is preventing mainstream large companies from entering the online HYIP market by entering into partnerships with existing payment processors.
