Last word on Paidverts

REMEMBER: DO NOT INVEST WHAT YOU CAN'T LOSE..INVESTIGATE THE SITE..USE CAUTION.. Debt Swap (Forcibly Converting BAP into MTV Shares) – On December 31st 2014 PaidVerts debt swap was performed. All your Bonus Ad Points (BAP) have been exchanged for cash shares at MyTrafficValue. Your BAP has been reset to 0, forcibly exchanged for MTV shares and now to receive your BAP back you will have to either sell your shares at a certain price (will have to wait for the price to rise at profitable level) or to buy new ad packs to receive new BAP. With this change basically they turned all members into forced MTV shareholders, brought Paidverts into BAP free state by resetting your BAP balance, and ‘forcing’ members to pour fresh money into the system to regain BAP back or to buy cheap shares and later to sell them at profitable levels. Although it is likely to make profit out of this debt swap (you will have to be patient and wait for the shares price to rise), I don’t really like the way the admin is forcing you to do things he wants you to do. Few days before the debt swap the Paidverts’ admin claimed that everything was doing well, boasted about 100% liquid state, claimed that there is enough money for everyone to cashout their balances. If Paidverts was so awesome then there is no need to wipe out the BAP debt to make Paidverts “awesome again”, as they claim, because according to the admin Paidverts was already “awesome”. There is nothing awesome in suddenly resetting balances and forcing people to do what the admin wants they to do. He says just sell your shares at the right price and you will get back where you were before the debt swap. You will have to be patient and wait for the share price to rise at profitable levels and until that happens, those that will sell their shares will obviously lose. Take note that there is transfer fee when you sell shares which goes back to the site or to admin’s pockets. Members worked hard to earn BAP in order to reach certain BAP groups and now they have to start over again. The way I see it, this debt swap was performed only to pour fresh money into the system, because after converting the BAP to shares members have two options to regain their BAP back, either sell their shares at profitable levels (someone have to buy those shares) or buy new ad packs to receive new BAP. That’s why now members are receiving higher daily paid ads (compared to the period before the debt swap). People are buying bulk ad packs (gives them BAP in return) with a purpose to climb up to higher BAP groups in order to receive higher daily paid ads. And when everything gets “back to normal” I guess there will be another debt swap to make Paidverts “awesome again”. To sum up, with this dept swap, those members that will sell their shares shortly after the debt swap will lose, the ones that will play smart and wait for the price to rise will make profits and without doubt the one that will benefit the most out of the debt swap is the admin himself as he earns commissions from all unreferred members who are now building up their lost BAP by purchasing bulk ads. Taken from the forum at Mytrafficvalue: Upcoming debt swap facts: 1. We will be swapping all BAP & FTQ investments for shares, at a rate no higher than $0.35/share, between the following dates: Mar 30th - Apr 2nd. eg. For every $350 you are owed from the fast track queue, you will receive 1000 shares. eg2. For every 700 BAP you have, 1 share will be issued. 2. Your account balances will not be touched. That's your money, and can be cashed out at any time. Or saved in your balance to be used after the swap. 3. When we initiate the swap, the BAP marketplace (ability to sell shares directly for BAP) will be suspended for 60days. You can still sell shares for cash during that time. 4. When we initiate the swap, we will be limiting PV Bulk Ad Purchases to 1-5ad packs per day, per user for 60days. ($1.05-$5.25/day maximum) 5. When we initiate the swap, we will be limiting 170/200/250 plan investments for 60days. $1-$10/day per user for 170 + 250 plans. And $1-$250/day per user for the 200 plan. * 250 Plan Upgraded users will have their upgrades extended by 60days, as a result of this limitation. * The 240% plan upgrades will be exempt from these limitations. 6. Up until the swap, Fast Track Payments will continue as normal. And there will be daily ad issues from Monday to Friday only (cron permitting!) - With a guaranteed minimum value of $10k per issue. ------------ I am done with Paidverts. I lost out during the last swap and now he is doing it again. I cannot afford to keep buying ads to bring my BAP up. I wish this had worked out, it started out so good, but, PTC sites are risky with a very high scam rate. I will talk about the differences between Bux sites and real PTC sites in my next post.