Cherry Shares is a well-known and respect online investment program that has earned a lot of money for many investors over the years. That’s right years, as Cherry Shares has been operating for almost 600 days now and therefore it is also one of the oldest paying HYIPs online today. Cherry Shares is always been a sense of hope for us as it shows us that an investment program can last more than a month.
If you are an investor of this program, then you probably already know about the recent changes announced by the administration. The terms of the investment plans would be changed and the new ones will be offered starting January 2011. New CherryShares Plans…
There were some who believe that these changes are only for the good of all investors and the future of Cherry Shares. That the admin of the program knows what he is doing and that we should trust him. But the promise to implement the renewed short-term plan with lower interest in January was broken and it has already been done. And we aren’t the only ones who have noticed and had a problem with this; we have received complaints from our readers regarding this issue. It turned out that those terms which investors saw when they joined the program are not valid anymore. The principal can be withdrawn according to new rules as well as the terms of referral commission (described in the above mentioned news) have changed.
However Cherry Shares might have caused more problems for themselves than they wanted. Many investors decided to withdraw their money because of these unexpected changes and this massive withdrawal has seriously disrupted the cashflow of the project. The administration admitted problems caused by mass withdrawals via Liberty Reserve and the fact that many investors have pending withdrawals because of it. Liberty Reserve seems to be the problem with many programs, HYIP admin’s don’t seem to have enough money in the Liberty Reserve accounts.
Cherry Shares has lost a little respect from us, but they are still there and still paying members. We hope that all will be worked out and that Cherry Shares will make-up for these unexpected changes. We really don’t want to see a program like Cherry Shares go.
You might have seen this if you were logging into Cherry Shares with the last few day:
“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.”
