The confusion by the SEC, The Courts, The papers, and others, is that they do not see the industry for what it is, distribution of products. They just don't get it.
Its is hard for many to understand that it takes lots of bucks to move products from manufacture to the end consumer... about 70-75% goes to non-manufacturing costs. Sometimes more, sometimes less, depending what product and in what industry we are talking about. The industry of network marketing on the average pays out approximately 50% to its rep bases in the various companies in the industry. We pay out 60-65%, according to the record of the court transcripts and company info. That's 10-15% above the average for the industry.. We currently market products outside a network to about 11% compared to Amway which is about 19%. Well within the kind of marketing we do for the types of products we market. I say, let the SEC and others, go to court. We will bring the industry and facts with us.
As far as those reps that filed suit. Great, anyone else wanna get rich quick? I want to see what these guys will say on the stand. I have read the independent sales rep. contract I signed, the same one they did, and if contract law means anything in this country, they don't have a prayer.
We never said "investment," what we said was opportunity. This is what is in our slides and in our sales aids many times over. Every meeting I have ever been to, has discussed that word, "opportunity." In fact we call them Opportunity meetings. In any opportunity, both failure and success occur... Look at the origination and meaning of the word. If one could get the courts to guarantee success, then we wouldn't need opportunity in the first place. We could get a typical job and work for someone. But that was already tried, it was a system called socialism. Fact.
People that want the same OLE same OLE, can have it too. And the people that want to change the world, can, one step at a time, if they pay the price, change it too. And for the people that choose not be entrepreneurial in nature, they benefit as well. They have a more efficient and better standard of life, that's what free enterprise creates, A WIN, WIN for everyone. No get rich quick plans, no free rides, no lottery tickets, no way investment's. Investors be aware that IHIN stock is the only investment we ever had, EVER, EVER.
This is the deal: In opportunities, people will fail and some will benefit greatly. And for those that didn't have it, they can quit and give up, like most will do, in anything. But they will still benefit from "the movers and shakers of the world." That may sound harsh, but I think others in business know that failure is all around them. But if an idea is accepted in the market place and it becomes reality and successful, then they become marked as "lucky" or "greedy," or "unkind," etc, by people not successful or in a place to be successful. People fail there way to the top.
What a farce, this thread is. We too must be realist, the government is powerful and has incredible resources, we put them in this position by our votes. The government would like no other than to destroy this company. They already tried this in Atlanta. But in the end, we too are a powerful company and we have ideals and principals on our side, for the present and most certainly for the future, we will not lose.
This company will be stronger than it is right now, in future. The company will not turn back, it will fight every battle, and it will win the war. Free enterprise and the right to exist and to flourish, cannot be eliminated, but some will try to hinder there progress.
The viability of this company will be decided by the effectiveness of product distribution and by the market place, not by guys that make 30-60K a year working for the government, or by those that didn't make a profit in there own business, because they quit.
The Stock price is low, now, it represents another kind of opportunity, but only if you have confidence in the company and in the management team. If not move on. I know of several people that would like to buy, but there brokers can't do it. Dan posted a message way back that discussed the issues for stock brokers that was more detailed on this subject. I know others that are on the sidelines poised to buy. I no others that would like to buy stock, but never had any experience in doing this, and fear the broker and the market, not the company. No hype, just the facts.
The reps I see in the field are fired up and excited. They also believe in the companies ability to go over the top in courts and in the market place both Wall Street and Main Street.
-Lawrence
Disclaimer: These are my opinion, they are not intended to represent any other, either intentionally, or unintentionally, either indirect, or direct. I am not a member of IHIN management team or any subdivision there of. And by no means do my statements intend to characterize the position of IHIN management team or any subdivision thereof. It is however great to be in a free country and to express my opinion on this matter as an independent sales representative. <Smile> Have a greet holiday season to all, I know I will. |
