Update On GNI

There have been certain developments in GNI with regard to their payment processors and this doesn't seem to be the best of seasons to take a chance with them, if you haven't already invested there. There has been some shortage of funds in specific payment processors that needs to be addressed and they are trying to resolve that. But going by the history of hyip industry, this isn't a great sign for a short term investor. Here is an excerpt from their latest newsletter :


"We understand it was announced we would be reverting those transactions for those members who otherwise would not have swapped but for the fact they were coerced. Nevertheless, we have since decided the health of the program supersedes all other considerations. Therefore, we will not be going forward with the planned "bulk swap." as previously announced."

Obviously, this announcement will not affect people who have withdrawn their principle long back and were invested only with profits. However, I'd not recommend investing in GNI at this point. If they ride this crisis and live up to the promises they have made to their investors , then we can reassess the opportunity , but for now it would need a very brave soul to risk your funds here.