I'm really surprised about what has happened to Profit Gears. Here is the last update:
Subject: An Important Update
Date: Mon, 20 May 2013 14:33
We will start this newsletter from where we left in the
previous one. We mentioned that "We strongly believe
that no program can be successful without the support
of the members." We still believe in same.
We have few members who have posted in forums that they
have been deceived as they could not understand the program
when they joined and upgraded.
Isn't it correct that one should never join a program without
first reading and understanding it. The site was pretty clear
from day 1 about the Gears and it was no way a HYIP. Even if
some people felt that the information provided out there is
not enough, then they should have first inquired further
details instead of simply putting their hard earned money
with confusion. We are all responsible for our own actions
and no one else.
We have a clear policy on refunds which is mentioned in FAQs
as well :
"CAN I GET A REFUND AFTER I BOUGHT SHARES?
You are making an advertising purchase. All advertising credits
are awarded instantly. We do not guarantee earnings. We offer
no refunds to clients as all sales are final."
We have been contacted by one promoter who has asked to provide
a mass refund. We are trying to determine if this is a small few
because we have received refund requests from even less than 10
members so far.
We are here to be fair and honor the terms on our website. We
want to run a great program for you, but ultimately it is your
decision as members. Without the majority support, it is not
feasible for ProfitGears to be a success.
Therefore, we are coming out with a 24 hour refund period starting
now, during which you will be given an opportunity to apply for
refunds. By applying for a refund you agree that you will be
receiving no more than 80% of the funds deposited by you and
would accept the refund as full and final settlement of your
ProfitGears account and your account would belong to admin
thereafter and that you shall have no dispute with respect
to the settlement going forward. The amount already withdrawn
will be deducted from the same. The above is, of course,
subject to the funds not getting locked by any of the Payment
Processors we are using.
Any refund request sent through Support Ticket will not be
processed. You must apply through the below mentioned link
We are here with clean intentions and consider you, the members,
as the people who should decide the way forward for ProfitGears.
The refunds would be paid, subject to above, to all members who
apply and thereafter the way forward for the remaining members
would be decided, whether to start afresh or to refund them as
We are once again highly thankful to you for your support.
So after this email you have to carefully thing about what you are going to do:
Keep working with Profit Gears or ask for a refund. I'm not going to keep working with it as I'm sure that most of the membership will leave: no members, no money.
If you have put funds into Profit Gears I suggest you ask for a refund using the link provided and look for something else...
Best of luck!