FBN Associates - Year 2000/Y2K IPO!!! Message Board

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Technology Stocks : FBN Associates - Year 2000/Y2K IPO!!!

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To: tugboat who wrote (2191)	12/2/1998 1:05:00 PM
From: Bill Ulrich	Read Replies (2) of 2770

Interesting. One question though. Here, they say it's unique and there's nothing else like it: fairshare.ebgi.com And here, they describe the system of cascading membership: fairshare.ebgi.com &#147For any person who enrolls through you directly, you are designated as their Referral source. If you are a charter or regular member you will receive a Reward equal to 20% of their membership fee&#133For the special Charter Memberships, you will receive almost twice that much. &#147any of the people you referred in turn refer someone else, you become that new person's Senior Referrer. as a Senior Referrer, you get 20%-30% of the new person's membership fee. &#147&#133as each of these new members renew their memberships each year, you as a Referral source or Senior Referrer will get yet another Reward. We call it a Residual. &#147&#133Referral sources and Senior Referrers are eligible for Residual Rewards on the membership renewals for which they are credited. The Rewards start at the same level as the first year, then decline during the third, fourth and fifth years.&#148 My question? Simple: What's so new about a Ponzi (or Pyramid) Scheme?

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