|Received:||6/30/2006 9:09:30 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:Both me and my wife became indepedant business owner with Quixtar Inc in June 2002. We quit this business in Dec 2005 after losing close to US $20,000. The majority of the loss we incurred came from the products we were made to purchase to achieve the platinum pin level. Part of the above mentioned loss can also be attributed to the purchase of business tools and the system. Right from the beginning we were taught that the only way to grow in this business is to plug-in into your upline's goals. Our uplines wanted to go emerald and in order to acheive that 3 legs or lines have to go platinum. We were on of those legs and spent money buying quixtar products so that we could do more points. To reach platinum you have to do 7500PV for 6 months in a year. We were ourselves (one business) doing close to 2500PV (close to US $5000 ) per month in these 6 months. Please we spent a lot of money on business tools which are way expensive. These tools compromise of cd's/tapes/books/seminars/conferences. Today we are very happy without this business. We were spending way lot of money and time building this business without any success. This rule that is being setup will definetely help unknowing ibo's to fall in this business trap and loose money. Most of the time the IBO's never reveal sufficient information to the prospect so that a well informed decision can be made. Even if this rule is passed, there will be no gurantee that the grass root IBO will even come to know about this rule and will therefore be excercised. This rule should be made tough on companies like quixtar if their IBO's do not excercise this rule.