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I don't think it's possible to make a profit at $.16 per raw click-through. Something is happening: shaving, or what counts as a "click through" is the join page or five pages into the site, or something. Either that or they are doing what XPics did: ignoring those who opt out of their trials, ignoring cancel orders, overcharging cards, etc.
I wouldn't touch a $.16 click-through program until I understood how they worked, and by then I'd probably have enough info to reject them.
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