Rick, Louis, Faraday, Dave
Before you email this to Rick Maike, let's iron this out ourselves. There are many things that maybe exist, but I don’t see. Maybe you have an answer to these questions.
Here is the situation. I understand the money that is being made with this company based on the current binary money game. It's exciting, but on the other end quite concerning.
During our last conference call with Rick Maike, we presented certain issues. Rick answered most of our concerns regarding the legal issues, mainly two.
1. The program is legal because people buy a product not a position in the compensation plan.
2. The income disclosure statement, which Rick says he "may" produce.
3. Rick claims to have an MLM attorney on retainer, but would not tell us his name for fear we would call him.
However here are my concerns:
The corporate site is the voice of the company. Here is where the company makes its offering for the world to see.
1. Nowhere on the corporate site there is a product descriptions and the exact features offered by the social media platform.
2. Nowhere on the site there is a price list of the products offered by the company with retail and wholesale value, like any legitimate company.
3. Nowhere on the site there is an explanation of what people buy with $100, $400, $600 and $5,000
4. Nowhere in the compensation document says that money is earned for the sale of products. But it says "if your buy this package" you "will earn this rank". Meaning you can purchase positioning.
5. Nowhere the compensation plan document states that money is earn through retailing products to customers, and there is no place for a customer to purchase a product.
6. Nowhere in the compensation plan document says that you can use "cumulative sales of products" to qualify for a certain rank other than buying your way to a rank.
7. Nowhere on the site states where gambling is legal and where is not. Since this question is raised a lot during prospecting.
8. Nowhere on the site I see gaming positioned as a product like a casino access membership or something.
9. I see a one page terms and Conditions agreement, but I don’t see anywhere, not on the site or in the back office the whole Policies and procedures which is usually a 30-page document
that governs the code of ethics, the product offering, the compensation offering and the relationship between company and distributors including violation handling, termination, right to respond, right of business successions, commission dispersion in case of divorce and many other issues that protect both the company and distributors.
Excuse me, but if Rick has an MLM attorney, he is doing a real lousy job, because these are "hard core" red flags. Why am I even here having to write this if an attorney is involved? And if the owner has 25 years in MLM why these basics are not in place even at the raw prelaunch level?
I'm sure the engine of the program is legal (except the income claims). But to the eyes of the public it looks like a pure money game and not like a long-term, legal program. The whole site and documentation does not reflect what it is.
Rick claimed we are not a gaming company. On the other end, the presentation made by Farady on major Google hangout (which are the voice of the company) make gaming a major portion of the presentation, but with no real explanation on how its entered into in relation to being a product.
Also I don’t see a list of the i2gTouch features that a certain price open us for a purchaser
What do I buy with
$100
$400
$600
$5,000?
What features are added at different price levels?
This program needs a lot of legal polishing and product/price positioning in addition to image and branding.
Right now any FTC agent that goes to the site, joins and see the documentation, would curl his toes. And if he sees the presentation with income claims plus
charging money not related to product purchases, but compensation ranks, would trigger an action
I will sign Rick a non disclosure agreement for the name of his MLM attorney. I promise not to call him, but I would love to ask these questions.
I don’t even know why the program was launched with such imprecisions given the experience of the owners and the corporate team presented on the site.
I'm sure Rick has very good intentions, but after 4 months of operation and now taking in $3,000,000 a months, not having these issues fixed raise my concerns and I hope you all can give me the right answer before Louis and I invest $5,000, put out good name on the table for this company and go blow this out.
Guys remember that big distributors are just a liable as the company. Remember what happened to Brett Rademaker?
I suggest to fix all these issues very aggressively and convince the company to redo the documentation, the product offering and the comp plan offering in a way the "reflects" the legality of the program.
I await your answers
Riccardo