http://www.cherryshares.com/?go=239019 updated 12-13 -2010
Shares website has been down for almost ten days now. The original post in a
forum stating it was
due to a DDOS attack and they will be back shortly is probably false information. If that were true Dane and Dominik
would have been in contact with key people who would have kept us updated. There has been no contact with
them to my knowledge with anyone. And, I just go word that one of their support people, a friend who was working
as their support person was just left hanging without a job, with no notice, or communication of any kind.
It appears at this point in time that cherry shares has run it's course and withdrawals were exceeding income
and it was time to pull the plug and do the old cashtanker exit as happened to us last December. Even withdrawals
to AlertPay were not honored in the last days.
On 10-16 -2010 Cherry Shares
issued an email to all participants regarding new rules that will
place on Jan 1, 2011. I have included that memo here at the bottom of this page. Some changes are
slight, but the big change is if you don't have $5000 invested with them by then, your referral link will no
longer work and you will not receive any further referral commissions. This was necessary because some
people are abusing the referral system by cheating and this move will take care of most of that. A second
biggie is that they are not going to pay any referral commissions on the short term plan, the 5% to 5.9%/week
plan, the first one. The medium term plan is the one to target for. $5k gets you 34.8%/month income and
you can add to your account with as little as $50. That's $1740/mo profit on your $5000. In less than
3 months you are in profit.
At the above link click on the
menu items at the top of the page "who we are" and
"what we offer"
to get a good overview of what this company does and what you can earn from it. This company has not
missed a payout or withdrawal request. I know, I was at a low financially when Cashtanker and GNI crashed
and had to take a lot of little withdrawals from here. Each one was always paid on the same day, often within
minutes.This is probably the most credible plan in my portfolio at this time. Although most of us have to start off with
the short-term or daily plan, it doesn't take long to get to medium term plan status where real money can be made.
Again, $5000 in the medium term plan produces 34.8%/month. That's $1740/mo profit on your $5000. In less than
3 months you are in profit.
While we are all wondering how
he pays so much, it appears he is making a killing with our money.
His news update of 7-29 says this: Good news on the earnings front. Mainly due to strong sales from the
iPhone 4 and iPad from US to different countries, earned income fluctuates between 30% and 50%. This
is the income from each contract! That's not per month. That's on each contract and he does many contracts
a month. So it looks like even though we think he pays too much to be real, he easily earns that much and more.
Uses AlertPay, Liberty Reserve, Perfect Money and Bank Wire
Four investment plans
offered: short-term, daily, medium-term and long-term
The head man is Dane William Wolf, Managing Director of Cherry Shares a private investment pool
(Brooksell Universal Limited Company - New Zealand)
I have a copy of Dane's passport, minutes of incorporation meeting Aug 2008, and a copy of their
certificate of incorporation.
I had followed this one for some time before putting it out to my list. I have been with this program over a year now.
It operates flawlessly. Payments are very very prompt. I have taken at least thirty withdrawals from this program
over the course of a year or more and they have all been same day.
How they make money is by converting currency at a
1 to 1 rate, mostly EUR and USD through China, since October 2008.
1. Their company, Brooksell Universal Limited Company - New Zealand, pools funds to a company which Trades with China.
2. They buy goods for USD (For example 1,000.00)
3. But they sell the goods for EUR (Not 1,000.00 USD but 1,305.65 USD)
As a result they pool USD and get EUR back at their Bank account and pocket the exchange the difference.
Payments are handled via bank wire with all the legal documents.
They have been doing this through Brooksell since Sept 2008.
Click on "Who we are" on the opening page for more info.
They are currently paying for referrals according the following schedule
|ACTIVE REFERRALS||SHORT-TERM||DAILY & MEDIUM-TERM||LONG-TERM|
|1 - 5||3%||6%||10%|
|6 - 15||5%||10%||15%|
|16 - 35||7%||15%||20%|
|36 - ANY||10%||20%||25%|
Commission is transferred into your account within one minute
after a successful deposit by your referral, and neither hold-periods nor fees
are applicable to them. You can apply for payment in an instant. No need to be
an investor yourself,
it is enough to simply have an account registered and to visit an ‘Referrals’ section where you will receive your unique link and watch for your referrals statistics.
to Cherry Shares effective January 1, 2011
My Dear Members and Investors,
There have been rumors, discussions, and assumptions regarding the changes with the mighty CherryShares program. These modifications are necessary for the best relationship between us and the investors. Both technical and financial factors have been considered in making these decisions. We want you all to know that your financialhealth is on the
top of our must-do list.
Here are the changes (Effective January 1, 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 offers a quick return of principal.
From Jan 1 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% per week.
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 greater returns than the short term plan. Of course, it
doesn't have the quick return of principal as the short term one has. And interest will be paid just 5 days
a week, not 7 as before. Principal is tied up for 315 calendar days.
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. Pays 8.7% weekly, paid weekly, and requires a $5000 principal amount and that principal
is tied up for 50 weeks.
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. Pays 9.9% weekly. But requires $20k to participate in this one and principal is tied up
for 75 weeks, about a year and a half.
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 clients who have a balance of at least $5,000. This will give our
program a new, professional outfit.
Affiliate program :
For 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
Dane W. Wolf
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