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To: tugboat who wrote (2279)12/5/1998 7:45:00 PM
From: Tom C  Read Replies (2) | Respond to of 2770
 
Tugs

The primary Fair$hare objective is to ultimately provide its membership with access to venture stage offerings.
..snip..snip..
The Company will generate revenue from membership fees, educational courses, seminars and value-added services to Members.
It also plans to purchase stock of Member-financed companies, and thereby also profit from any share price appreciation enjoyed by Members.

So what safe guards are in place to keep "Fair$hare" from front running the members? Or is that the whole purpose of the scheme?


Tom

ps: I didn't say SCAM, PYRIMID SCHEME, MLM, or FRAUD in the post so it's not likely to draw the attention of the SEC post scanners.

pss: Kerry, if you are reading this, wasn't there an article posted recently (within the last month) on some California company that was offering venture capital opportunities directly to small investors? The article mentioned a Los Vegas(sp?) company whose shares were sold to investors. The offered company was run by a convicted securities felon. I sure wish I could find it.



To: tugboat who wrote (2279)12/5/1998 7:48:00 PM
From: Bill Ulrich  Read Replies (1) | Respond to of 2770
 
Well, I may be missing the point&#151then again, if you're not really making one, it's easy to miss. No, simply orchestrating a big cut 'n' paste project from the company site, without providing any real input, does not constitute making a point. It hasn't refuted anything I've brought to light on this thread, to be certain.

And it should probably be discussed on the 'Fair$hare' thread anyway.

And you better hurry up with those sales:
___________________________
7.· This Agreement expires if there is no sales activity for 12 straight months. After 1 year, a $10 renewal fee will be due annually in order to maintain participation. This annual fee will be deducted from any compensation due to the participant.

8.· A sales activity report is enclosed with each check and is available on-line; $5.00 will be deducted from each compensation check for processing.

9.· Violation of any of the terms of this Agreement or the Company's policies and procedures may result in the termination of this compensation agreement and forfeiture of all subsequent compensation that is otherwise due.
______________________

Don't you find it the least bit curious that a company's T&C is so concerned with membership sales? Rather unusual for an org "dedicated to helping out the little investor". Or are they simply selling memberships?



To: tugboat who wrote (2279)12/5/1998 10:42:00 PM
From: zonkie  Read Replies (2) | Respond to of 2770
 
tugboat, thanks for all of the great information about Fairshare. I have been looking for an investment that sounds too good to be true and this might just be the one I want. I prefer to do business by cash and I was wondering if I could just send it directly to you? Just give me your real name and address and i'll send you the first $100.

Also, (and this may be something that fairscheme may be interested in) I am in the process of starting a new business and since I am the type of person that wants to share my good fortune with others I would like to give them the chance to send me some money. Perhaps you would like to get in on the ground floor and beat the crowd.

I plan to supply members of stock chatrooms with tools they need to make money. My first project will be a knockoff of Realtreeā„¢ camouflage, it will be called RealInvestor camo (I think their are a lot of paid hypsters here at SI that would pay to look like a real investor). Another knockoff product that I envision will sell well here is a knockoff of the inflatable owls that people use to keep birds away, my inflatable will be an inflatable SEC agent, when you blow it up and place it on your front lawn it will be guaranteed to keep Pugs and Riley from driving by your house. One other thing I am working on with the crack programing team at FBNA is a pay per use program that will give users the ability to go back and change any of their old posts even after the 15 minutes has expired. We are at present having a few problems but I anticipate things will be back on track as soon as the last 5 cases of rum that Janice brought back from her last trip are gone. With a 5 cents per use fee we have projected revenues of 17 million dollars next year from this alone, these revenues were arrived at by estimating the number of times the average hypster on the AZNT thread were caught in lies and multiplied by 85,000 (total SI membership).

I anticipate revenues of 75 million dollars in 1999 with profits of 50 million. My company will have it's own website (with a talking spider that you can ask questions in 2222 languages) and any products offered will be available over the internet.

What do you think? Do you think fairscam would be interested in finding investors for me?

z................