GNI has Officially Closed:

Earlier this week, all GNI members received the latest update from Robert (the admin) stating that GNI failed in its attempt to recover any of their assets from their account at Yesilada Bank in Cypress, and in turn, GNI were forced to permanently close down the program.

This is what Robert stated in his last email regarding member refunds to those members not yet in profit:

"Despite the 'disingenuous' overtones having made its way around the world of on-line investing, we will be refunding those members who are NOT in profit, an amount equal to 101.5% of their principal investment (this includes interest payments already received)."

I do not think Robert and the GNI Team could be fairer than that?
However it is now for Robert and the GNI Team to deliver on their promise and prove their integrity.

I do have empathy with Robert and the GNI team having to prove their integrity as they have been put in this position not through anything that they have done wrong but through circumstances beyond their control.

The Yesilada Bank was seized by the Government of Cypress and handed over to the Central bank.

It is not beyond the realms of possibility that in the present financial crisis that Governments and Banks find themselves in today, that the Yesilada Bank in Northern Cyprus (allegedly for being under funded) was seized by the Government of Cypress and one has to wonder whether this was a politically motivated seizure to support and bolster the funds of the Central bank and the Government of Cypress.

Suffice to say, the seizing of the Yesilada bank and the subsequent freezing of the GNI account severely restricted the trading ability of GNI and forcing the closure of GNI

This however, does not stop The Central Bank of Cypress from trading the seized assets of the Yesilada bank nor, the frozen funds of GNI for the benefit of the Central bank and the Government of Cypress and, the both making a nice profit from the frozen funds / assets of GNI and its members

Those of you that know me; know that I have a very low opinion of the integrity of the Governments, Elected Representatives, Banks and Bankers in general, and as far as I am concerned they could all be bundled up under the heading of: “legalised criminals,” so perhaps you should not take too much notice of my hypothesis.

When GNI was a private program, (By invitation only or personal recommendation), there were absolutely no problems, profits were, good regular profits and paid out on time.

GNI’s problems started when they opened up the program to the general public that allowed the program to be abused by, “get rich quick by any means,” operators that manipulated the referral program to fulfil their own greed, and with little regard to others within the program.

It is of course; also possible that when the program was opened up; criminal elements became involved.

As I do not know all the facts, I can only surmise that it was these people that started the hate campaign when they were caught, and thrown out of GNI.

There are also people contributing to the spiteful and vindictive comments in the forum that have hidden agendas of their own, that are either sad, spiteful people by nature that just take pleasure from kicking people when they are down or just sad little people that have very little money invested but pretend they have lost their life’s saving due to the winding up of GNI.

It is just a very, very small amount of people that actually contribute to the forums, and in my experience these are people that use forums to try to promote themselves and elevate themselves to what they consider, positions of importance.

Unfortunately they attract similar people as themselves and, although they are a very, very small minority of members, they can be and in this case, a very destructive force.

Do not misunderstand my intentions with regard to Forums, there are some genuine, and internet investment savvy people, that contribute to the forums and forums are good in some ways of judging the mood of members and the performance of the program, however you must always bear in mind, that there will always be a small minority of people that have a destructive element about them and have their own agenda’s, and twist facts to suite themselves or to start rumours. Why, I don’t know?

Anyone in the forums claiming that they have lost their life’s savings is either naive, stupid or just plain greedy, the latter I have no sympathy with at all.

If you are in this game, or thinking of getting into this game, then you have to learn how to play the game and abide by the rules, hints and tips.

When I started in this business my initial, “seed,” investment was $10.
That’s right; I started with just $10, now my minimum, “seed,” investment is a lot more than that. I still stick to the rules but with one slight difference.

There comes a point in your career when the amount you can afford to lose is greater than the amount than you are prepared to lose /risk.

As I am not driven by greed, desperation, or need the adrenalin rush of chasing after every last elusive dollar, limiting the value of my, “seed,” investment to what, I am prepared to lose, and not what I can afford to lose was, and is easy for me.

I am in this business to make money and not to lose money. I have in the past been scammed, conned and lost money. I have had programs crash and yes, in theory, I have lost money, but it was not my money to lose, as I had already taken out my, “seed,” investment, withdrawn a percentage of my profits and rolling over the residual profits to increase my investment, thus, maximizing my profits and minimizing my risk and theoretical losses.

It may sound a peculiar thing to say but, in some ways I am grateful for the losses in the HYIP programs, especially the theoretical losses as they are always one step higher up the slippery slope of the learning curve and believe me, you never stop learning in this game.

The theoretical losses hurt my pride more than they hurt my bank balance and it has given me a better appreciation of lower return investment programs that have more transparency and longevity.

We all have different comfort levels when it comes to the risk factor that we are prepared to take. I still stick with my 1% of something is better than 100% of nothing. So I am more inclined to go for programs that perhaps pay a lower ROI, but give me more control over my money, and allow me to implement my own strategies, such as how soon I can remove my, “seed,” investment, how often, and over what period of time, I can roll over a percentage of my profits or, with draw a percentage my profits that is more suitable to me, and in-line with my strategy.

Most of the time my decision as to which programs to invest in; are based on the comfort level that I gain by the consistency of information from the programs owner’s /operator’s and the transparency of the information.