I would go on the side of caution on this one too. If, as he states in his members area in his 1% site, he is having cash flow problems and he will use the funds from the 12% to pay members of the 1% site, has anyone considered the question, how is he going to pay members the 12% return if all funds have gone to pay out the members of the 1%??
Where is the money coming from to pay out the overdue accounts of the 1% AND pay out the new debt of 12%??
It states on the front page of 12% that its not ponzi or using upgrades to pay upgraded members, then where is the money coming from??
I have signed up but am reluctant to upgrade until these questions have been answered, Its ok to trust an admin, which I do trust dadndaves to be honest, but, as history tells us it takes more than an honest admin to come up with the payouts month after month as has been shown at the dadndaves 1% site, surley he should pay all members in the 1% program up to date before opening such a high risk site as a 12%, when it has been proved that these high risk sites crash and burn.
It just worries me that this admin has admitted its going into a high risk site with proven debts, when most high risk sites open with no debt and still close even with honest admins.
David may be honest, no doubt about it, but could we all be throwing good money after bad here.
I think that we should watch this site for at least a month or two before investing.
Also can we use our outstanding funds owed to us at the 1% site to upgrade in the 12% as this would help David save on payment processor fees???
I would feel more confident if these questions could be answered I mean where is all this money coming from if not from us and how can it last?????
Re: 12by12Daily - 12by12daily.net
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