Dan,
We got some work to do with the communication in the field. HOWEVER, We don't sell memberships, we sell products. It is not necessary to buy products to earn override commissions under the new plan for the binary. The structure for your business centers can too be made at no cost. In other words one can choose 1,3,or 7 business centers at no cost with 1,3 or 7 bonus product earn outs. (The New Deal, is simpler and is a better deal for everyone) People can select 1 of 3 product packs, which implicit creates the RSBV, which in turn create commissions. This should help those that even were critical or did not understand the plan before. RSBV is created by product sells.
As far as the ping price goes. Sorry, the ping is not for sale to Non-Reps. These products may become available in the future for retail sales, but for now the products are to be used in lueu of reps. sales compensation. This is a new account with us and they have opted to go this route. They did come to us, this is true. We currently have about 88% of the golf market. Ping is the only account which I see as being "premium incentive." We also have high grade golf accessories and art work.
Sorry for not getting back as I planed, but the SI system would not let me log onto to post message. (I only had one post yesterday as well, under the trial membership)
To Dan: IHIN has for many years been trying to go public. This company has spent tens of thousands to go public through an IPO to raise capital. The SEC has been throwing up ever blocking to prevent this. The SEC could not prevent a reverse merger and the board of directors elected to go this route. I do not agree with your conclusion that IHIN was not prepared for the SEC. They have legal staff which is the sole function to defend IHIN from the likes of the SEC. And these guys don't like to lose. They have tremendously deep pockets and backing of the Federal government. The battle may be rounding up on this issue, but they and others will be back with more, I'm sure. It's part of the industry dance one has to make. However, I'm confident that over time, this company will make it. The problem is like what Stan said, there is no play book in this industry. From my point of view, Government should stay out of people's lives. They protect us not. I mean, "talk about a pyramid," our government is the biggest pyramid ever. These are the guys who brought us at our expense the Social Security system. This is an example of a bad pyramid, it is upside down on it's point. This fits into the ponzi scheme category. People that are working today are paying into the S.S. Fund and the fund is paying out for people retired today. Talk about schemes. Maybe, the SEC could file suit against the S.S. department. They would have a much better case.
However, there is hope for young companies in this industry. The DSA can work with Washington to work out universally accepted guidelines for MLM companies. IHI, a member of the DSA, wants to be a part of such a move. (This is my understanding) The way it works today is this. When a company gets large, its gets "looked at." (A nice way to say they get there ass neck deep in potienital law suits, then they go to the courts, if they can afford too or they just shut down and the leaders/founders of the company are bared from "pyramid marketing," for life. However, most companies don't get this far. The courts via SEC or FTC or AG change the comp plans and the company goes back to the market less viable. Hint: Comp plans determine growth rate. So if a comp plan is changed before there are millions of sales reps., the company can not compete effectively with those companies that do have millions of reps. Its tough.)
Did I mention that, if the state AG calls your company in as to the questions raised by others in the state. Such as the "silents," in that state, then the company brings a legal staff to that state. And one of the things notorious for the AG to do is to set up an investigation. Do you know who pays for the investigation, that's right the allege bad company. (Now They don't have too, they could just shut down if they want too.) This company, its my understanding, has done this many times through out the nation. This cost is quite high, look at the finicials, talk about an expense.
But the State AG's know who IHI is. It does not seem fair play when you have to pay for an AG's staff to find out something wrong about the company. In big business and MLM is big time big business, you must prove yourself at your expense, in order to profit from the needs in a market, industry, etc.
The question is out: Do you want government to make choices for you as investors, or as anything else. MLM empowers people with money and resources to speak out against them. I love the ideals in which our country was founded on and the subsquent government. But It's our government, and we can change it. It's a huge ineffective pyramid, that has us at the bottom. (our votes flow to the top) MLM should have a right to survive. The market place will decided if MLM is effective at product movement or not, not the government. I submit to you that every person should have the right to choose. Freedom comes with cost. People like silent, even though, I couldn't disagree with him more, have a right to be critical of this company and MLM. But we too have rights to choose and so do others. That's what we want. (No hype)
-Lawrence
P.S. Full and appropriate disclosure had been made. The SEC had a couple of hundred boxes worth of disclosure. IHI legal parties from around the nation had put it together over months and months. That just doesn't stack up Dan. Are you listing to those class act suit people? I heard through the grapevine that the FILLING of the suit may be in violation of the courts order against such fillings. I think you can find info from Judge story transcripts. Also the company believes the class will not make it to certification or much less review of the court for action. The class period lets on to the problem. I leave you to talk about this with your new brothers in arms. |
