HIDDEN TRUTH ABOUT COASTIN88
How many times people should be repeated the same old thing? Everything should be taken with a grain of salt. Cause everything has its hidden meaning. Even the last lengthy update from Coastin88. Let's analyze it together and think about what you should believe in it and what shouldn't. So… getting started.
"Hi, Everyone! :-) It seems there has been some confusion based on support tickets and e-mails we have been receiving over the last few days. Some members have been asking why the daily % is now lower than it was before and why it dropped in the first place a few weeks ago, and we had not yet made it very clear. I apologize that we had not made it clear before. We have been doing much work behind the scenes, and we had forgotten to keep all of you posted with all the excitement we have been going through recently on the administrative end".
Wow, it took three weeks to explain it to the members. They must have been patient enough to bear this disgrace. Many members expressed their concerns about such a sudden percentage dropping. First it was called "restructuring process". But people at Coastin88 seemed to be deaf and failed to explain what a mysterious "restructuring process" they were undergoing.
Keep reading… maybe in the process we will understand it? "We do want to address a few things, however, so that there is no longer any confusion with how our program works". Omg, they just realized they should've explained it earlier. "The daily percent is dependent on how much revenue we bring in via advertising, as noted on the How it Works page of our website and in our Terms of Service. Regardless of the amount that comes in, 88% of it is given in direct commissions for all of those who have viewed and rated 15 advertiser websites during the day. This is our way of saying thank you because our advertising would not be effective without you, who view and provide feedback for the websites being advertised through our services. The better our business is, the more revenue we have to share with those viewing the sites advertisers are paying for, the higher the more money there is for each of our viewers that day. This is represented in the form of a daily %". I must admit that it's a perfect explanation on how this ponzi scheme called "profit share" works. But what about lowering percent then?
"As you know, the daily % has been lower recently. There are a few reasons for this". It really took my breath away. It seemed for a moment that they were trying to be honest with their members? Next…
"There were some regulatory issues at another business we own, and many people became concerned that those regulatory issues affected our other businesses, which they do not". Really? Regulatory issues? Another business they own? It's getting more interesting with every word. "The business that is being investigated by the SEC is 100% unrelated to Coastin88, and the other business is being investigated because there was some missing paperwork regarding registration with the US SEC. We are addressing that issue separately, as it is unrelated to Coastin88. I have been made aware that there is discussion in the forums relating to this, and these threads are not related to Coastin88. I would ask that the members discussing this in the Coastin88 forum please go to the proper website forum and discuss it there. It is has no relation to Coastin88 and has confused many other members. Coastin88 is not under the jurisdiction of the SEC, as it is not in any way a security". Let me disagree with that statement. First, I don't think that CEP Trust payment processor which Coastin88 use only "100% unrelated" to them. Really it's hard to imagine that if CEP Group of sites is in trouble Coastin88 is in healthy financial situation. There's much more probability that they are ALL in trouble right now being under "informal investigation". If all the upgrades made to Coastin88 are accepted in CEP Trust, which is unlicensed payment processor based in the US. But what about facts? Even on their main page written "Coastin88.com is owned and operated by CEP Holdings, Inc". So it would be logical to assume that CEP and Coastin88 are not in any way legal entities.
"Due to this confusion and concern, however, many advertisers stopped or slowed their purchasing of advertising packages at Coastin88. Because purchases were lower, the amount that we have to share is less. That it why the percent was affected in the way that it was". But what did you expect of your customers? If you heard about some legal issues in some company which is part of the same holding you're in what would you do? Especially considering the fact that percentage dropped a lot and the company kept silence? I'm sure you would want to get out as soon as possible till it's not too late. And this is what I can call a completely rational reaction of your members. Moreover, everybody knows that put all the blame on members is just a "no-no" action for every autosurf program out there. And Coastin88 is not an exclusion.
"We do have some outside sources of income for Coastin88,…" Omg, it's getting ridiculous already. Just admit that you are pure ponzi program. It would be easier then to explain the rest. "and we use these resources when our advertising has slowed to keep the commission % up for our viewers". Well, I didn't noticed that when percentage dropped to 0.1%-0.2% and now when it's 0.45% today. "We can only safely use so much, however, without endangering the longevity of the business". Then use it, with all this shattered confidence in your program now, it's more than important IMHO. "We can only safely use so much, however, without endangering the longevity of the business. Some have asked us why we have not jumped the percent back to where it was to encourage more participation. The reason is simple: that is not a good long term decision, as it would cost a great deal of our outside resources, and it could risk depleting those resources. This is why we have chosen to help in a bit of an extended fashion at a much lower rate". Well, I don't see the other way to encourage participation. Would you jump on board with such low daily rebates? I certainly would not.
"Truly, the daily % is and should be dependent on our advertisers. If we made it dependent on us, then the business could become unstable and eventually crumble. It is much better to earn at a much lower rate and still be earning rather than lose everything entirely. We function in this way so that we can continue to pay our viewers rather than simply closing up shop when advertising slows down. That is the true strength to our business model: long-lasting stability". What a nice business decision to prolong the life of this ponzi for the administration, but will it be of any benefit for you and me in the long run? I doubt it.
"This said, we will not continue to assist the daily % forever with our outside resources, lest the business become unstable and go bankrupt. We are not in danger of doing so at this time, and we are unwilling to risk getting close to that point. The daily % rests on the shoulders of our advertisers. We will continue to manage the way we do, and we have been all over the country on multiple business trips within the last several weeks seeking more outside income streams to bolster times when advertising purchases are slower. We are doing our part working with all of these resources, but we need you, our advertisers, to continue to purchase more advertising if you want the daily % to be higher and to be maintained at a higher rate". That part amuses me most. I couldn't believe my eyes. They encourage their membership to continue upgrading thus showing the support to the CEP Holdings. Well, it's up to you to do this or not. As for me, I never supported or will support any program which literally begs the members to upgrade more as it is the first sign of the beginning of the end, believe me. Been there, done that! As to outside resources I simply don't believe that.
"Coastin88 is built for stability, and it has the full potential to have a higher daily % than any other business we have worked with, but that potential relies on more than our outside income streams. It relies on you. Together, we can make this program successful again". Yeah! Go, members, go! Upgrade more to fill our pockets before we decided to close the shop and run away. "Thank you very much for your continued support and patience as we work through this slow time. We WILL get through it. ;-) That is truly not a question in my mind. Take care until next time! :-) Trevor". Another word for cheerleaders to quote. Anyway, thanks, Trevor, for this wonderful update which is common to winding down programs as yours.
My personal advice to members is NOT to re-upgrade now until the situation with CEP Holdings is clear or/if the percentage is raised again to appropriate level.
How many times people should be repeated the same old thing? Everything should be taken with a grain of salt. Cause everything has its hidden meaning. Even the last lengthy update from Coastin88. Let's analyze it together and think about what you should believe in it and what shouldn't. So… getting started.
"Hi, Everyone! :-) It seems there has been some confusion based on support tickets and e-mails we have been receiving over the last few days. Some members have been asking why the daily % is now lower than it was before and why it dropped in the first place a few weeks ago, and we had not yet made it very clear. I apologize that we had not made it clear before. We have been doing much work behind the scenes, and we had forgotten to keep all of you posted with all the excitement we have been going through recently on the administrative end".
Wow, it took three weeks to explain it to the members. They must have been patient enough to bear this disgrace. Many members expressed their concerns about such a sudden percentage dropping. First it was called "restructuring process". But people at Coastin88 seemed to be deaf and failed to explain what a mysterious "restructuring process" they were undergoing.
Keep reading… maybe in the process we will understand it? "We do want to address a few things, however, so that there is no longer any confusion with how our program works". Omg, they just realized they should've explained it earlier. "The daily percent is dependent on how much revenue we bring in via advertising, as noted on the How it Works page of our website and in our Terms of Service. Regardless of the amount that comes in, 88% of it is given in direct commissions for all of those who have viewed and rated 15 advertiser websites during the day. This is our way of saying thank you because our advertising would not be effective without you, who view and provide feedback for the websites being advertised through our services. The better our business is, the more revenue we have to share with those viewing the sites advertisers are paying for, the higher the more money there is for each of our viewers that day. This is represented in the form of a daily %". I must admit that it's a perfect explanation on how this ponzi scheme called "profit share" works. But what about lowering percent then?
"As you know, the daily % has been lower recently. There are a few reasons for this". It really took my breath away. It seemed for a moment that they were trying to be honest with their members? Next…
"There were some regulatory issues at another business we own, and many people became concerned that those regulatory issues affected our other businesses, which they do not". Really? Regulatory issues? Another business they own? It's getting more interesting with every word. "The business that is being investigated by the SEC is 100% unrelated to Coastin88, and the other business is being investigated because there was some missing paperwork regarding registration with the US SEC. We are addressing that issue separately, as it is unrelated to Coastin88. I have been made aware that there is discussion in the forums relating to this, and these threads are not related to Coastin88. I would ask that the members discussing this in the Coastin88 forum please go to the proper website forum and discuss it there. It is has no relation to Coastin88 and has confused many other members. Coastin88 is not under the jurisdiction of the SEC, as it is not in any way a security". Let me disagree with that statement. First, I don't think that CEP Trust payment processor which Coastin88 use only "100% unrelated" to them. Really it's hard to imagine that if CEP Group of sites is in trouble Coastin88 is in healthy financial situation. There's much more probability that they are ALL in trouble right now being under "informal investigation". If all the upgrades made to Coastin88 are accepted in CEP Trust, which is unlicensed payment processor based in the US. But what about facts? Even on their main page written "Coastin88.com is owned and operated by CEP Holdings, Inc". So it would be logical to assume that CEP and Coastin88 are not in any way legal entities.
"Due to this confusion and concern, however, many advertisers stopped or slowed their purchasing of advertising packages at Coastin88. Because purchases were lower, the amount that we have to share is less. That it why the percent was affected in the way that it was". But what did you expect of your customers? If you heard about some legal issues in some company which is part of the same holding you're in what would you do? Especially considering the fact that percentage dropped a lot and the company kept silence? I'm sure you would want to get out as soon as possible till it's not too late. And this is what I can call a completely rational reaction of your members. Moreover, everybody knows that put all the blame on members is just a "no-no" action for every autosurf program out there. And Coastin88 is not an exclusion.
"We do have some outside sources of income for Coastin88,…" Omg, it's getting ridiculous already. Just admit that you are pure ponzi program. It would be easier then to explain the rest. "and we use these resources when our advertising has slowed to keep the commission % up for our viewers". Well, I didn't noticed that when percentage dropped to 0.1%-0.2% and now when it's 0.45% today. "We can only safely use so much, however, without endangering the longevity of the business". Then use it, with all this shattered confidence in your program now, it's more than important IMHO. "We can only safely use so much, however, without endangering the longevity of the business. Some have asked us why we have not jumped the percent back to where it was to encourage more participation. The reason is simple: that is not a good long term decision, as it would cost a great deal of our outside resources, and it could risk depleting those resources. This is why we have chosen to help in a bit of an extended fashion at a much lower rate". Well, I don't see the other way to encourage participation. Would you jump on board with such low daily rebates? I certainly would not.
"Truly, the daily % is and should be dependent on our advertisers. If we made it dependent on us, then the business could become unstable and eventually crumble. It is much better to earn at a much lower rate and still be earning rather than lose everything entirely. We function in this way so that we can continue to pay our viewers rather than simply closing up shop when advertising slows down. That is the true strength to our business model: long-lasting stability". What a nice business decision to prolong the life of this ponzi for the administration, but will it be of any benefit for you and me in the long run? I doubt it.
"This said, we will not continue to assist the daily % forever with our outside resources, lest the business become unstable and go bankrupt. We are not in danger of doing so at this time, and we are unwilling to risk getting close to that point. The daily % rests on the shoulders of our advertisers. We will continue to manage the way we do, and we have been all over the country on multiple business trips within the last several weeks seeking more outside income streams to bolster times when advertising purchases are slower. We are doing our part working with all of these resources, but we need you, our advertisers, to continue to purchase more advertising if you want the daily % to be higher and to be maintained at a higher rate". That part amuses me most. I couldn't believe my eyes. They encourage their membership to continue upgrading thus showing the support to the CEP Holdings. Well, it's up to you to do this or not. As for me, I never supported or will support any program which literally begs the members to upgrade more as it is the first sign of the beginning of the end, believe me. Been there, done that! As to outside resources I simply don't believe that.
"Coastin88 is built for stability, and it has the full potential to have a higher daily % than any other business we have worked with, but that potential relies on more than our outside income streams. It relies on you. Together, we can make this program successful again". Yeah! Go, members, go! Upgrade more to fill our pockets before we decided to close the shop and run away. "Thank you very much for your continued support and patience as we work through this slow time. We WILL get through it. ;-) That is truly not a question in my mind. Take care until next time! :-) Trevor". Another word for cheerleaders to quote. Anyway, thanks, Trevor, for this wonderful update which is common to winding down programs as yours.
My personal advice to members is NOT to re-upgrade now until the situation with CEP Holdings is clear or/if the percentage is raised again to appropriate level.
P.S. The information presented herein represents the views of the author at the date of publication. Your choice is to agree or disagree with this article.
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