The managing director of CherryShares (cherryshares.com) Dane W. Wolf has sent out a newsletter called Big Announcement which starts with a very intriguing foreword:
There have been rumours, discussions, assumptions regarding the changes with the mighty CherryShares program. These modifications are necessary for the normal work of the relation between us and the investors. The technical and financial factors have been essentials in taking these decisions. We want you all to know that your financial health is on the top of our must-do list.
Well, what are those changes which have caused rumors and discussions? Let's take a look at them together because they are very important considering the fact that CherryShares.com is one of the most popular programs and has very many investors. The admin has decided to change conditions in some plans. You probably know that there are 4 investment plans at CherryShares.com and they are: Short-term, Daily, Medium-term and Long-term Plans. And now let's compare old offers and new ones which will take place since January 2011.
1. Short-term Plan:
Old offer: 5.8% weekly (50% principal is available to withdraw after 2 weeks and 100% after 3 weeks). Interest is available for withdraw anytime.
New offer: 5.0% weekly for first 3 weeks and 5.9% weekly after 3 weeks (100% principal after 3 weeks). Interest is available for withdraw anytime.
2. Daily Plan:
Old offer: 1.1% daily (100% principal after 45 weeks). Interest is available for withdraw anytime.
New offer: There are 2 of them.
Daily Old for investments before January 1: 1.54% daily (7.7% weekly). Interest is available 5 times a week.
Daily New for deposits after December 31: 1.52% daily (7.6% weekly). It says that these deposits will be displayed in a separate block on the page balance, however it is not specified about the interest availability.
3. Medium-term Plan
4. Long-tern Plan
No changes. However deposits in this plan are accepted only till December 25. New deposits for long-term investment plan will not be accepted after December 25 because the maximum number of clients has been already reached.
There is also a new rule for new members because the administration of CherryShares has a huge database already. The registration for new customers will only be possible through the referral link of any of program's clients with a balance of at least $5,000.
And last information in the newspaper is regarding the affiliate program : For the 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.
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