Executive Ads bites the dust
After a valiant attempt to design a high-roi program that would avoid some of the pitfalls of other ponzi-based programs, Jim Williams has closed Executive Ads just short of six months of operation. He narrowly avoided a closure in late December by changing the terms from 10% for 15 days to 5% for 30 days and adding some upgrade and withdrawal limitations, but these measures only forestalled its demise. Since it relied on growth to sustain its operation, the moment that upgrade deposits slowed down he was unable to continue payouts, which is a sure program-killer. He has announced that the remains of the last two weeks of upgrade funds will be placed in the P2P program to earn enough for all members who are not in profit to receive a refund.
I have seen posts by several people who say that this failure was the last straw for them and they are leaving the surfing industry for good. I have not made such a decision myself because I view any high-roi program as a gamble with a large risk of losing money, but there are other low-roi surf programs that are safer and return a profit much higher than traditional investments. As an example, the admin of Executive Ads has been running another program that is low-roi for well over a year and plans to continue its operation. Originally named NextDay90, this program is now called History-Ads and pays 1% for 150 days. Jim Williams is able to subsidize its operation with his legitimate off-line business so the risk of closure is extremely low for those who become members of this program. Other similar programs include V-Lane Traffic (1% for 365 days) and MaxAdzPoP (1% daily forever). So I will continue to dabble in high-roi sites for fun, but my serious investing will be with the more stable low-roi sites.