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To: ISOMAN who wrote (2213)12/3/1998 2:31:00 PM
From: Jeffrey S. Mitchell  Respond to of 2770
 
The concept in general with Fair$hare seems to be that the venture capitalists are the ones making the money. But since it takes big bucks to be a venture capitalist (not to mention time and effort), these Fair$hare guys "allow" you to act as a VC by pooling a small amount of money with a number of others. You then blindly trust the people holding your money to invest it wisely for you. But isn't that what investing in stocks is all about? OK, so maybe you're paying "retail" as opposed to "wholesale" as a plain old investor, but at least you can make your own decisions and can almost always get your money out at a moment's notice, which I don't believe Fair$hare allows you to do. So, unless these Fair$hare guys develop a track record, even without the MLM stuff it looks like the whole idea is a crap shoot at best.

- Jeff



To: ISOMAN who wrote (2213)12/3/1998 2:54:00 PM
From: Bill Ulrich  Read Replies (1) | Respond to of 2770
 
Isoman, thanks for contributing your "fair share". <g> I'm intrigued by one point of yours:

&#147&#133they have to prove&#133that the enphasis is on selling the product not on selling distributerships.&#148

Fairshare doesn't appear to be a fund; not investors pooling money, either. From Microcap World, who was pushing them earlier: #reply-6119472

&#147It is the mission of Fairshare to find these types of companies, review them for the benefit of the Fairshare membership and, if warranted, present them to the Fairshare Membership&#133Fairshare income is derived from Membership Fees.&#148

And from Fairshare's site: fairshare.ebgi.com

"5. LEARN you have the potential to achieve this wealth with small monthly deposits of your own money by simply telling others your secret and when they start their Wealth Building program a portion of their fees can be deposited into your personal account."

"6. LEARN about how your membership allows you to participate in our extraordinary venture capital investment process, equips you with working tools, shows you how to screen and evaluate potential investments in young companies and then offers a way for you to buy the stock (just like a venture capitalist) directly from the issuing company without going through a broker."

Sounds like ya pays your money, recruit new people, and Fairshare somehow 'brings to your attention' a list of fledglings; perhaps via newsletter.

Is it still a grey area between MLM/Ponzi or is this one starting to lean to one side?



To: ISOMAN who wrote (2213)12/3/1998 3:12:00 PM
From: TEDennis  Read Replies (2) | Respond to of 2770
 
isoman: re: "I'll pass the website on to a friend at the FTC"

While you're at it, check this one out:

stockgeneration.com

#reply-6432330

TED