Quote:
Originally Posted by 1MoreFish4U
There were 10's of 1000's of $$$ for sale at 10 - 15% when Cereus was still operating & paying out every week (even if only $250 per account).
At this point a gamble at 5c/$1 might not be a horrible risk, but my best guess is that no player will ever see another peso from the Cereus network.
No there wasn't. People "talked" about 10c but I bet nobody struck a bargain at that level.
Anyone buying at 5c is facing a huge default risk.
1. You pay some guy who is short on cash 500 dollars.
2. Miracle: in 12 months Cereus pays 60c on the dollar.
3. He gets a cheque for 6,000.
What happens next?