This has been a bad month in the HYIP Land. Here is my overall analysis. I have also saved the detailed analysis on Rog's Offer at the end of this report.

 

KAOnline: I am in profit by 38% above the original invested sum. I am very happy with KAOnline as it currently shows no signs of retreat. My confidence in the program has allowed me to upgrade my investment with KAOnline to 50% compounding.

 

SGFH: The program had a small payout on September 5th. However, I believe that the program will pay more interests in a few days once their profit report comes out.

 

Club FX Traders: I like how PeterB conducts business. Sometimes he gets too technical but it shows that he knows what he is doing.

 

Europe Trade: I am in profit and have decided to compound my money with them for a while.

 

HYIP Pool: It still pays my $0.01 / day. I think it's a good program to sign up with if you want to make sure that your e-gold account is active and has no withdrawal value limits. :)

 

SFGQ Investment: This is the best in the business because I am behind it. :P It was launched officially yesterday. I am in this with 5 figures. Hopefully investors will see the value in what I propose.

 

OSC is blown out of the water as I expected from my October 1st report. I have already written this off in the last report so it doesn't change my balance sheet.

 

NYSE Brokers after 18 days of non-payment, actually paid me my principal + 2 months worth of interests after someone almighty helped me talk to them. I can't disclose his name but my analysis is that NYSE Broker will be gone very soon. Anyways, I am in profit with NYSE Brokers in the strangest way.

 

Rog's Offer is not paying. After following the thread carefully for 2 weeks, I have concluded that this program is better off written as dead than to keep false hopes. I have subsequently written off my investment in Rog's Offer for my HYIP Financial Reporting as it applies to my BottomLine. More details will follow below.

 

I am at 27%+ return above the original principal invested for my overall HYIP portfolio.

 

Rog's Offer upsets me greatly for various reasons and it's not even about the money. I will discuss it as if you have never heard of this program.

 

Rog's Offer has 3 programs offering 3 types of returns. They all have "personal guarantee" stamped all over them guaranteeing the principal. Sounds fair, right? I mean, geez, it's no risk at all. Why not do it?

 

Everyone, including me, trusted Rog. If you look at my earlier blog, you will see that I even pledged all of my interest income to Rog's Offer for the meantime. Throughout October, I have then given Rog all of my interest income even my NYSE Brokers money that I barely just got back. We trusted Rog for a few reasons: 1. He has been paying. 2. He is a senior member of the HYIP community. 3. He is allegedly a former offshore banker and 4. We wanted to believe.

 

Something went wrong here and really, even I was fooled. So what went wrong here? Let me detail the recent history in October:

1. Rog switched the window of payouts for Trade 1 in October. That was a minor move yet  my take on this was that it signaled a cashflow problem.  I was still naive enough to defend Rog and tell everyone that it's OK as long as he pays within 60 days. I was wrong and that was my last defense of Rog's Offer.

2. Rog decided to pull a "System Withdrawal Limit" stunt to stop paying investors. That part is understandable only if the program is legitimate and we can continue to accrue our "200% return per 60days" including our past period's accrual. That did not happen and worse yet, literally most of the rollover interests are accounted as gone. People continued to cheerlead but here is my take on it and I got lynched by Rog's supporters:

    A. We have no way of telling what Rog is doing with the money and if it was indeed making money instead of losing money, we'd be screwed over our profits. This is what bad business partners do to you.

    B. Because we have no control or access to our investment money, we rely on Rog's integrity as a businessman to pay us the agreed profits by the due dates.  

    C. If the program was indeed losing money, he still personally guaranteed our money 100% and we should have the option to withdraw our investment when the "contract term of 60 days" is up. We should be allowed to withdraw our 100% principal and walk away because this is "100% PERSONALLY GUARANTEED."

    D. Cheerleaders keep on saying, "No one lost money in Rog's Offer. Did you? So shut up!" My take on it is that we lose money when we effectively lose control of the money payout. When we have no control over our payment amount and payment timeframe, it's as good as lost. It becomes one of those bad debts that gets written off at the end of the year by your corporate accountant. Sure, Rog promised January 15th, 2007 as the payment date but do you really have a choice to withdraw, ponder the offer and then reinvest? No. So Rog breached the contract agreement not only by not paying you the interests but also by the fact that you have no access to withdraw your principal previously agreed upon.

    E. PPP1 Trade options are deferral tactics. It's like saying, "Hey, I can't pay you but why don't you wait for a while and I will see what I can do to pay you off in 4 months?" This was forced. It's something companies do to defer Accounts Payables when they have cashflow problems. Bingo, it's same as Condition 1 above.

    F. I decided to test the water on behalf of some of my close investor friends by firing off a legal demand email. This was more of a test of Rog's professional experience as a banker rather than anything else. Most people didn't understand and lynched me again but here is truly what happened. I fired it off and asked him to address my account for its past account interests and to be paid at least PPP1 interests and to allow me to withdrawl AND to address the forum regarding our questions and concerns. If not, I'd pursue legal investigations. Get this: Rog sent me back a standard response email that he sent to everyone else immediately and then addressed the forum exactly as he addressed me with the same ambiguous response. At that point, I knew we all just got scammed. Here is why:

           1. An experienced banker under a legal demand letter would take the time to seek legal counsel or have his legal contacts get in touch with me instead of sending me a b.s. counter-demand letter. There would be no way that an experienced banker would reply immediately without carefully rewording his thoughts and ensuring that I would be satisfactorily answered.

           2. The response was ambiguous but it made certain promises again which would then be used as "paper trail."

           3. My questions were still not answered or addressed specifically at Rog's RISK of being legally investigated. Why the heck would a bank owner be so careless?

           My final conclusion is that Rog was never an offshore banker and even if he was, he wasn't a good one. In reality, this is what happened: we invested in someone that we didn't know who decided not to pay us the decent courtesy of valuing our business by giving us the right options to our money. That is a fact.