Tuesday, December 12, 2006

Update From Just Pays Daily

Richard of Just Pays Daily have made an important update. He has decided to change the min. investment to $100. He will be proceeding to return the fund for those who have less than $100 in their account. The reason for such move is to lighten the load of the admin work so that he can free himself to make more profits. He will also be setting up a pool fund which will be run by his friend for those who have less than $100 to invest. I personally feels that this is a good move by Richard..what else could be more important than making profits? Anyway, here is the update:
"Hello,

Right, changes!

We have now implemented a $100 minimum investment into Jp-Daily and have removed the trial investments promotion.

As well as this, we are going to begin cashing out our smaller investors by returning their investment balances to their e-gold account. (No fees are deducted during the cashout - so a free withdrawal).

Once everybody is cashed out (who has less than a $100 investment balance) we will tidy everything up. Implement a slightly new way of showing the accounts - but will be more or less the same. Just a different system for account numbers; will be: 1,2,3,4,5,6 etc. No batch numbers or anything, just a fixed account number (bit more privacy).

Also we will no longer be posting e-gold receipts in the withdrawals folder. We shall instead just post when withdrawals have been done for today and that will be it.

The referral program has been put on hold as a temporary measure. Just to reduce workload during this transition. We will resume the ref program once we have cashed out all the small investors. But for the time being its simply OFF.

That is pretty much it. Things will all become clear over the next week or so as we remove the smaller investors. But daily returns will resume as normal in the mean time.

*If you are a smaller investor (sub $100) then its probably not worth your while making a withdrawal request this week, as you're going to get cashed out (for free) over the next few days anyway. So no point you wasting $1+3% in requesting a withdrawal. You can if you like, but not really worth wasting your money over.

Post any questions."

"Also we are setting up a pool program for smaller investors to take part in, if they are unable to meet the new $100 minimum investment amount. Details for that will be revealed over the next few days."

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