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Originally Posted by DarkJedi
what was the project about?
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it is/was a pyramid scheme. you 'buy' a site from stocktrader23. he then turns around and sells your site to the next 'investor' for a profit, and issues you a new site. the 'profit' on the sale is split between stocktrader23 and the seller. your sites also have affiliate links, which make a couple dollars while you wait for the sites to sell.
success of the project depended on getting new 'investors', which he did diligently in the beginning. the first guys that got in did pretty well and their sites sold fast to the next tier of investors. the problem is that he stopped building the pyramid - stopped getting new investors - and the money train ran out of fuel.
i understood the structure and path to revenue from the beginning. the part that wasn't explained was the fact that he would totally drop the project and become unresponsive.
as i said, its little money and i dont care about the loss. im just getting this on record for future searches on this guy. gfy's only value is being a public record for the industry..
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