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Now it may just very well be that I have completely missed the boat on something so here is a challenge ...
If there is somebody out there looking for 1 'real' downline, lend me $300 AlertPay and I will signup under you. I will also then return your $300 plus another $600 in six months time if this is still paying out. That is a 300% return in six months!
Allan, I do not believe you can sign up directly underneath yourself. However, you can re-sign up under people below you. So, let's look at it this way:
1. You
2. Sally, Sue
3. You, You, You, You
Now if I understand this correctly, once you have Sally and Sue as PAID (sent in their 99.00) your loans start up. You are a "provisional" or "Temporary" member.
Once you pay the additional 396.00 to activate the four spots you bought under Sally and Sue, your top level spot is permanently qualified and you go into the full loan program. Or, you could simply pay Sally and Sue's fee, then your four spots for a total of 594.00 (plus e-currency fees).
If Sally, Sue, and the lower 4 "you" drop out of the program, your original top spot continues in the loan program as long as you continue to make the loan payments every month. I do not believe you have to lift your finger to sponsor another person ever again.
From what I am reading over on the ASA forum, there are many that are wanting to set up multiple permanently qualified loan centers. Now, to my way of thinking, that's fine, if you want to go full tilt in this program. However, I do not think the program has been around and active for all that long. I do not know if anybody has reached the 1,600 loan mark. So, in order for people to be so desperately looking for new people and "Paying It Forward" to ensure everyone helps them get permanently qualified, there HAVE to be a bunch of people dipping DEEPLY into their own pockets BEFORE they are at the point where they are in true profit.
And that breaks the Ape's second rule of internet program investing.
Let's review the rules:
1. NEVER put in a penny more than what you would willingly use to light a cigar, or, for the non-smokers, never more than you would hand a teenage daughter before dropping her off at the mall with 3 other teenage friends.
2. NEVER re-invest your principle before you are in profit.
3. ALWAYS pay yourself on a regular planned periodic basis with funds from the program that are NEVER going back into the program.
4. NEVER re-invest more than "X%" of the profit (you decide what is a good percentage number and STICK TO IT).
Allan, I'm really sorry but you are way off base. You are not allowed to sign up under yourself, and although you can sign up under people in your downline, you really shouldn't do that too often, and the company doesn't recommend that. That's been stated on the conference calls many times.
Russ has more of a handle on the way it works because he's obviously done a bit more investigating, as I did. And he's also right about not putting in more than you can comfortably light a cigar with because as I've said many times, there are no guarantees and I'm really not planning on signing up for more than one business center at this time.
If it becomes necessary I will front the money to refund someone their admin fee if they choose to drop out in order to maintain the position as qualified though. But I would do that only after I start receiving loans and then the money that I use to do that with will be coming out of the loans themselves.
And Russ is also right that there are many people waiting to sign up so it's not really difficult to find paying referrals.
I also realize that it sounds too good to be true. But so do almost all of the programs out there. Perhaps one day one of them will actually pan out the way it's been presented. Hopefully it will be this one.
There are so many of these programs that have been hyped up so much that it's hard to believe anything anymore. This was one of the things that attracted me to WWLC. It didn't promise the moon and the stars... just actual figures and the requirements weren't beyond reason like so many of the others. And the figures sounded quite logical to me. Russ' spreadsheet analysis convinced me even more that this could stick around for a very long time.... it would be more profitable for the principals to keep it going than for them to run off with the whole kit and kaboodle, unlike most of the other HYIP's out there.
I find that you're beginning to twist some of the things I've said here and also twisting the rules of the program to make it appear that it's definitely a scam..... when you and I both know that that's only your perception of it. I didn't start posting in this thread to suffer through your sarcastic remarks either. I started posting in order to clarify some misconceptions that you all seemed to have.
I'm finding though, Allan, that you are of the opinion that your own opinion is gospel and are unable to tolerate anyone disagreeing with you. Please accept my apologies for upsetting you, that was clearly not my intention as my posts have been as civil as they could possible be and certain haven't deserved your sarcasm.
You've obviously made up your mind because everytime I clarify one of your ideas about WWLC, you come up with another instead of trying to fully understand the program by reading carefully whatever is out there about this.
You keep right on investing in those programs like JP-Daily and all of the other programs that have been promoted in this folder and the GPT folder and failed, and I truly hope that you come out ahead at the end of the day. As for me I love change and am ready to try something different.
For this reason I wish to end this discussion and will bow out. We'll just have to agree to disagree on this matter.
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Allan, I'm sorry! I didn't mean to be rude I've just had a really miserable day.
I have an 8 week old puppy and a 12 week old kitten who just happens to be quite a bit larger than the puppy and is aggressive as she can be. She will not leave the poor pup alone and has been attacking it for 3 days now and I'm at my wits end. I can't leave them alone together for a second! So, I've had to take the kitten back to where I got her from and I really liked her a lot but I just couldn't deal with the chaos anymore.
And then I went to open a new checking account near where I live. All fine and dandy except for one thing. My passport had been amended to change my name from my married name to my maiden name (I've been widowed for 11 years) which only involved crossing off my married name on my passport. The American Embassy here in Guadalajara made the change for me and made a notation of the change on a page of my passport.
Now mind you, the Mexican government recognizes the name change as evidenced by their issuing my resident visa in my maiden name, but the bank doesn't want to accept that. Can you believe it? They said that they can issue me an account with only my maiden name but I'll have to sign it with my full name including my married name, even though it isn't my legal name anymore!!!! They want me to sign a name that isn't even mine because that's the way I originally signed the passport.
So now I have to go and get some kind of notarization that my name is legally the name I was born with. It was all I could do to keep from screaming at the man at the bank when he kept saying that the name on my passport included my married name and I asked him when something is crossed off, doesn't that cancel it out, especially when it's been legally done by my own government? It was like banging my head against a brick wall to get that across to him, and he still wouldn't budge!
I tell you all this in order to explain my rotten mood, Allan, and ask you to please accept my apology if I came across as being rude to you in my last post. I posted it, and because it goes to moderation for this folder I couldn't even edit it. So therefore I make this public apology.
But we still need to agree to disagree!
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Maryanne ... you have NOTHING to apologize about. I have had no problem at all with anything you have said and I am pleased that you have been able to look in to any issue I may have raised. It shows that you are willing to investigate the things that (I hope) you may not have thought about (or you had already thought about and so knew the answers).
My main concern here (and with any other program that has been or may be presented on this forum) is that people understand exactly what they are doing before spending any funds. If I can tear shreds out of a program and still have members explaining why it will work then that is fantastic. It shows that the program may very well have merit ... however, I can cannot (and will not) allow a program that simply does not make sense or does not have the numbers 'add up' to go unquestioned. If I did not question a program that later cost a member here funds (whether they can afford those funds or not) I would feel as guilty as I would if I had personally introduced that member to the program.
I really hope this does go well for everybody and I had the funds affordable to me then I would also be in it ... still questioning it, but in it.
Now Russ mentioned his rules above and I would like to add one myself, although it is more a guideline than a rule ....
NEVER put all you eggs in one basket. Spread your investments (or gambles) around. With nothing more than the law of averages, something, someday, will pay off.
I really hope this does go well for everybody and I had the funds affordable to me then I would also be in it ... still questioning it, but in it.
Now Russ mentioned his rules above and I would like to add one myself, although it is more a guideline than a rule ....
NEVER put all you eggs in one basket. Spread your investments (or gambles) around. With nothing more than the law of averages, something, someday, will pay off.
Thank you, Allan, and that's very good advice. I will certainly try to do that, especially if this WWLC keeps going. I will then have the funds to do some other things with the money!
Oh, and if you are serious about getting in, I'm sure I can find someone in my downline who would be willing to PIF for you!!!!
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Umn, selling a customized service or product to a group does NOT say anything about what the group is doing or not doing. AlLynne Group offers many services, many of them customized to a particular clients needs/desires.
Faberware doe NOT care whether the frying pan you bought is used to cook dinner or slap your hubby upside the head.
We had legitimate concerns about the program, which you quite ably addressed.
