Since everyone was so helpful I thought I would enlighten you with an update.
As BG suggested I also suspect that the magic v chip I installed is defective. However to exchange it I have to pay the shipping and the supplier wants an additional $15.00 to test the chip before they will replace it. I don’t think I should post my thoughts on that one! (fear of getting banned) I decided as Many suggested to purchase the Duo chip from modchips.cc as it will probably be cheaper in the long run.

You definitely wont be sorry. ;)