| Comment Number: | 522418-06939 |
| Received: | 7/8/2006 2:07:09 AM |
| Organization: | Camity Enterprises |
| Commenter: | Isaac Yoseph |
| State: | CA |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
Ive been an Ibo, linked with the Quixtar corporation for a few years now. As of yet I have not accomplished any great success in the business. I have not put in the time, that although minute, are vital to the proper operation and growth of a business. When I registered as an Ibo, I was given accurate information about what the opportunity was, what was expected of me. Everything was said, cut and dry, and I really felt that I was being led into this by a friend, Even though I had never known this man befoe I was shown this oportunity. Myself, along with others that have gotten into other organizations were told that this is not some kind of "get rich quick' deal. We have seminars and tapes available to us of people who have actually suceeded in the Quixtar opportunity. These resources come at very little cost to us ($2.50 for a cd, and $7.00 for a meeting). Little if no profit is made on the meetings as these are held in a hotel conference room setting, and any discrepency would have to be made up by the person hosting the function. It costs roughly $140 to sign up an individual with the Quixtar opportunity, and the person signing up is given a sheet that explains how everything is broken down. Being forced to provide a sheet of names to other IBOs in the area would cause I think nothing but headaches for us. We sociolize normally, at the meetings and at eachothers houses, and this I think would upset the privacy factor people expect from a company. Lets admit, when trying anything new, we have our doubts. This I feel would only add to those doubts. Whenever we start a new job, and we have a new boss, our boss is not required to disclose his financial statement to a newer employee who wants to have his job someday. I feel again, that would be a breach of privacy. We do however, disclose the annual income among the 'active' Ibo. This disclosure is ftc mandated, and is updated and reviewed by you every six months. We try and make our business as convienient as possible for the newest person getting in. This seven day waiting period will only squelch whatever excitement or momentum the person may have had. Imagine you were fired up about going to the gym, but were told that you had to wait seven days to use your membership. Also, we as Ibos have a responsibility with providing all the necessary information to the new Ibo, any additional information would be an additional time and monetary burden on those who are actively pursuing our business. I understand that you are a government service designed to protect the people from fraudulent scams. I will personally represent, in this letter, that Quixtar is a company unlike the others. They are fully capitolized. $10 billion in infrastructure. They are as solid as a rock. Ive talked to alot of people in my time in this business, and the general opinion people have wised up to what is true and what is not, they are getting more of a grasp of what is true and what is untrue. In conclusion, Any company that is designed to take unsuspecting customers money would also seemingly be more inclined to not follow any government imposed law such as the one you are proposing now. So it would seem to only hurt those who are doing it the right way. Im not saying were perfect, but my experience with Quixtar and Ibos in general, has been second to none in regards to integrity. Thank you for your time Isaac Yoseph