‘We Have No Intention To Disappear’, Racksterli CEO Tells Investors

Racksterli Affiliate Marketing Income Programme has no intention to disappear and shutdown operations completely, these were the words echoed by the CEO of the company, Mr Michael Chidiebere.

Investors are agitated, frustrated, and aggrieved by the constant silence, negligence, and lack of proper communication from the management of Racksterli following the shutting down of both the old website and the new advanced website.

But, in a rare reply to conversations on Racksterli WhatsApp group, Mr Michael Chidiebere wrote: “we haven’t disappeared, we don’t intend to disappear, and we won’t disappear.”

When questioned on the reason why he stopped updating investors on happenings in Racksterli, here is what he wrote:

“… Have been doing that for the past three months and what did we get in return? Drags.”

“Now everyone can’t wait to get updates or hear from us. Same updates we were giving and getting dragged for.”

“Truth is, the updates are not necessary as it would only give little blogs something to clout chase with.”

“Only necessary update is the underground works that we’re doing to ensure we continue refunding in the next three months.”

“Hasn’t been easy on subscriber but neither has it been on our ends too.”

“I keep saying this, we haven’t disappeared, we don’t intend to disappear and we won’t disappear.”

“Just like I advised us earlier, all the drags won’t do any of us any good.

“It would actually be in the best interest of everyone if you allow us focus on raising funds so we would be able to continue refunds in three months time.

“Yes you’re pained and yes you need to use the money urgently but it doesn’t change the fact that we need time to make that happen and you need to be patient

Meanwhile, when reminded that the new Racksterli website had been inaccessible to investors since June 28, 2021, Mr Michael Chidiebere replied:

“We don’t need to keep wasting money on server renewal when activities are not running on the site. We have the informations (sic) we need.”

The management of Racksterli, prior to the launch of the new website, only signed a three months contract with the hosting company.

The dedicated server hosting the new website was purchased on March 30, 2021 and expired on June 28, 2021.

Recall that on April 5, 2021, Racksterli launched a brand new advanced website to continue its business activities.

The new website was definitely an upgrade on the old website, with lots of sophisticated features which made it very user friendly to investors.

The new website began disbursing payments to its investors on May 5, 2021; payments continued till June 4, 2021.

On June 14, 2021, the management of Racksterli officially announced that the company had financial issues and would shutdown for a minimum of three months to resolve its financial issues.

The crucial part of the official statement released reads:

“As you know, we were deeply involved in crypto currency trading to generate revenue for the platform and was affected deeply by the downturn in the crypto market.

“Again, due to the CBN regulations in the country that prohibits commercial banks from enabling any entity from performing transactions related to crypto currency, our bank accounts got restricted.

“The other restrictions came from some of our subscribers who reported our accounts thereby making every effort to stay afloat more difficult and these have unfortunately brought us to this point.

“We wish to inform you that we will need a period of three months to resolve our financial issues and continue with the refund process.

“Thank you so much for your continued understanding.
Signed: The Management

Do you think Racksterli would make a return after three months, as promised by the management?

The truth would be revealed by September 15, 2021.

By then, thousands of investors would get to know if Mr Michael Chidiebere is indeed a professional highly sophisticated scammer or an honest business man with a good heart to serve.

But, one thing is certain, the reputation and image of Mr Michael Chidiebere is on the line here, and he is definitely not going to remain the same afterwards.

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