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Ask the HYIP Review Panel a Question

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Posted by: admin

Ask the HYIP Review Panel a Question

Please feel free to ask the HYIP Review Panel a Question about HYIPs, Investing in HYIPs or even about a particular program

Simply start a new thread with the question or name of the program as the title and please give as much details as possible so that your question can be promptly answered

The Review Panel DOES NOT ENDORSE any programs or Admins. Any comments made by the panel or its members are simply their thoughts in regards to a program. All investors are urged to make up their own minds and conduct there own DD before investing in a program

Investing in HYIPs is High Risk, only spend what you can afford to lose. Please also read our DISCLAIMER


Posted by: Sstugatz

I have a question.

Has any program shown interest so far? How many do you think will? These are some very tough criterias and I really feel not many admins (if any) will want to comply to them.


Posted by: admin

No program has shown any interest so far and we made the criteria fairly tough so that only genuine programs that generate real returns would ask to be reviewed. The review process is simply panel members opinions and therefore opinions will vary. A reviewer may think its a great program and another may be very critical of it. In the end this enables readers / investors to make up their own minds


Posted by: Sstugatz

With all due respect, I think you should offer another type of "Review" also. Your concept is great - I wish I would've had it in my site - but:

1- No admin will comply with such extensive demands

2- Until (possibly) someone does, you guys should be doing something else. For instance, bashing programs who aren't legit and will rip off other investors (instead of promoting them *hint: HYIPonzi)

Just my two cents.

Simon


Posted by: admin

Hi Simon

Yes we probably need to make it not as "demanding" to get some admins to submit their program details

In terms of HYIP Ponzi, they had a folder at HpHYIPs which was then transfered here with the merger, there were then reports at TG that it had stopped paying and the folder was moved to the archive section but I don't remember it being promoted by anyone


Posted by: Sstugatz

HYIPonzi: http://www.web-life.org/vb/showthread.php?t=1899 in the Review panel's folder.


The terms you demand to verify an admin's details are just fine; I for one wish all admins would provide such details; but it's simply unrealistic. Demanding less would just open the door to dishonest admins who would manage to provide you with fake information. Tough spot, uh?


Posted by: jaukki

Quote:
Originally Posted by Sstugatz
The terms you demand to verify an admin's details are just fine; I for one wish all admins would provide such details; but it's simply unrealistic. Demanding less would just open the door to dishonest admins who would manage to provide you with fake information. Tough spot, uh?

When will the Mutual Wealth Alliance be reviewed by the panel?
Someone should lead the way...


Posted by: forwardone

Is this the MWA you are referring to, Jaukki?

Quote:
Mutual Wealth Alliance

Geoff


Posted by: jaukki

Quote:
Originally Posted by forwardone
Is this the MWA you are referring to, Jaukki?
That's the one.


Posted by: admin

Quote:
HYIPonzi: http://www.web-life.org/vb/showthread.php?t=1899 in the Review panel's folder.


The terms you demand to verify an admin's details are just fine; I for one wish all admins would provide such details; but it's simply unrealistic. Demanding less would just open the door to dishonest admins who would manage to provide you with fake information. Tough spot, uh?

In regards to HYIP Ponzi, I do remember the particular thread, it was from HpHYIPs, it was actually a part of Edwards "Inside Info". During the merging of the 2 forums a number of folders were closed and the contents moved in to other folders. Inside Info was moved in to this folder, so the thread is not actually from the Panel

There are 3 parts to the Panel

1. WL Members can ask questions about particular HYIPs and panel members will respond with their thoughts, so thats fairly straight forward

2. Admins can submit their program for review by submitting the following info http://www.web-life.org/vb/showthread.php?t=2027 If they dont want to submit all the info for the review, that's fine, however the omission of details will be discussed during the review process

3. Admins can submit their contact details. This is purely optional but we will not be relaxing any of the guidelines in regards to contact details

Yes I agree is difficult to come up with a system that is effective in reviewing HYIPs but its a starting point and sure there will be problems along the way but its just a matter of doing the best that you can

I am always open to suggestions to make it better


Posted by: Sstugatz

Having the panel review MWA and verify our information is something I would've wanted to do and which I had previously discussed with Caper, but unfortunately due to the addition of certain new members to this panel we will not do so.

However, as I have told Caper numerous times if ever you guys need any type of collaboration from myself, HYIPReview or some of our associates, we will be glad to help fight for the common goal of cleaning this arena from all the scum that's in it.

So, indeed, someone should lead the way.

What do you panel experts feel is worth investing in nowadays?


Posted by: admin

Hi Simon

I agree, the "spirit", thinking and direction of the original panel needs to be kept in place, Chris was instrumental in that and that philosopy will guide us for the future

I believe that by working together we can make a difference and it would be great to involve some other people too such as some people from HYIP Review

I will try to send you a PM later today about your ideas

The only program that I would suggest even looking at the moment is PPN and maybe one or 2 other smaller programs that I have been watching over the last few months where the admins seem to be doing the right thing


Posted by: rixzta

Quote:
Originally Posted by Sstugatz
Having the panel review MWA and verify our information is something I would've wanted to do and which I had previously discussed with Caper, but unfortunately due to the addition of certain new members to this panel we will not do so.

However, as I have told Caper numerous times if ever you guys need any type of collaboration from myself, HYIPReview or some of our associates, we will be glad to help fight for the common goal of cleaning this arena from all the scum that's in it.

So, indeed, someone should lead the way.

What do you panel experts feel is worth investing in nowadays?


What an absolutely astounding statement !!

You want others to submit to this "unacceptable" panel membership, but you feel that you are above it ?

If there are folks on the Panel, who'm you do not feel comfortable with then I would think that you would do one of two things:




Posted by: Sstugatz

Rixta: I am not on the panel; how can I resign from it?

I have nothing negative to say about this panel only there is a direct personal conflict between me and someone on it that leads me to believe that this person wouldn't respect the non-disclosure agreement I would have to demand if I was to share information with the panel and you will agree with me that when running this type of opportunity online the last thing you want to do is take chances.

I did not wish to criticize this panel, I apologize if that's what it sounded like. My reasons for choosing not to share my information with the panel are solely personal and do not in anyway interfer with the quality of the work that can be done by these gentlemen.

Hope this clears is up.

Phil: Good call with PPN; they certainly have been doing well and I'm impressed. Finally a positive addition to the arena


Posted by: rixzta

I humbly apologise to you Simon, I was under the impression that you were a Panel member. This of course is my failure to make such a statement prior to confirming the information it relates to.

I once again apologise for my mistake.


Posted by: admin

Quote:
I have nothing negative to say about this panel only there is a direct personal conflict between me and someone on it that leads me to believe that this person wouldn't respect the non-disclosure agreement I would have to demand if I was to share information with the panel and you will agree with me that when running this type of opportunity online the last thing you want to do is take chances.

I did not wish to criticize this panel, I apologize if that's what it sounded like. My reasons for choosing not to share my information with the panel are solely personal and do not in anyway interfer with the quality of the work that can be done by these gentlemen.

Simon, you have not be critical at all, I appreciate the feed back as it helps to make things better at the end of the day, in fact I have enjoyed this thread as some important points have been made


Posted by: awty

Hi, Simon, if it's me that you're concerned about, please, feel free to air it publicly, because, if there is a concern with me, then I believe there is a problem (at least with ME), and I will leave the review panel, as that would be MY problem, and NOT that of web-life or the review board.
Jeff


Posted by: Sstugatz



Not at all Jeff! I always thought of you as a good fella! Don't leave this panel, you're a great addition to it.


Posted by: jaukki

Quote:
Originally Posted by Sstugatz
I have nothing negative to say about this panel only there is a direct personal conflict between me and someone on it that leads me to believe that this person wouldn't respect the non-disclosure agreement I would have to demand if I was to share information with the panel
By saying that one of the panel members would actually be so unprofessional that would not respect agreements, because of some personal conflict you are questioning the whole credibility of the panel.

If there's some insuperable conflict, there should be a way around that. There are more than one person in the panel... If there is a reasonable doubt that one of the members could not be trusted in your case, the panel member should be excluded in your case and the information would not have to be shared with that member.

And if there are other than personal reasons for distrust they should be announced publicly so that the member could either defend him self or resign from the panel.

Quote:
Originally Posted by Sstugatz
and you will agree with me that when running this type of opportunity online the last thing you want to do is take chances.
What kind of risk are you actually talking about? Wasn't MWA supposed to be totally transparent anyway? What kind of information would jeopardize the operation if released publicly?


Posted by: Sstugatz

jaukki:

Only a personal conflict with me make this person untrustworthy in my mind, and only in my case. As I've said, it does not interfer with work that could be done with other program admins, if it did I would indeed explain my position on the subject and the reasons why. But it does not.

While you bring up an interesting point, perhaps the other panel members would agree that it wouldn't be fair to start excluding one another from various verifications for personal reasons everytime the need arises; after all, the key to this panel is to collaboration and I feel this would "break the spirit", in a way. What do you think?

MWA is totally transparent in the sense that members will see an outline of our portfolio, all results updated monthly, the returns, and the distribution of profits. High spenders and selected advisory board members will get to see all details of the investment vehicles we've spent in, and receive extra information about us, our location, our organisation and legal structure, etc... (Which would've been what we have to share with this or a review panel) These high spenders and advisory board members are binded by a strict non-disclosure agreement we wish to see respected to insure the longevity of the program.


Posted by: jaukki

Quote:
Originally Posted by Sstugatz
While you bring up an interesting point, perhaps the other panel members would agree that it wouldn't be fair to start excluding one another from various verifications for personal reasons everytime the need arises; after all, the key to this panel is to collaboration and I feel this would "break the spirit", in a way. What do you think?
My point is that any personal disagreement, distrust or conflict of interest should not be in the way of the work of the whole panel. Any member should be able to step aside if and when necessary. Looking forward hearing comments from panel members.


Posted by: awty

Simon, looks to me like you're asking for what I would consider 'business confidential', which would seem a very reasonable request to me. As for how to handle yours, and similar concerns, would seem to me to be a very valid point.

Some thinking on this might be worthwhile...

Jeff


Posted by: forwardone

Confidence by the Admin in the Panel is of utmost importance in matters such as this.

From my own viewpoint if any Admin wishing to use the review procedure with the Panel, and he had a valid concern about my presence, I would feel obligated to stand aside on that occasion, and would be happy to do so.

Geoff


Posted by: awty

Quote:
Originally Posted by forwardone
Confidence by the Admin in the Panel is of utmost importance in matters such as this.


Yes, absolutely. This is one area that nothing should be left to chance, if at all possible. The information that's involved in something like this I see as rather critical, and should only be 'seen' by people who can handle it properly, and 'left' only with those who can be counted on.

I would be happy to resign if ANY admin had ANY problem with the way I conduct myself. However, I WOULD appreciate a note explaining the problem, if there is one, so that I can take a good look at something I may be missing, or not handling satisfactorily. That would indeed by MY problem, and, as such, should be held separate from web-life and any other member

Jeff.



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