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Saturday, April 14, 2007

House Of Cards

My, it's been a while.

Kurt Vonnegut died, a sad moment. Of course, being the literati I am, my main education in the great man came through his Back To School cameo.

I digress, back to making money on the internet through mildly nefarious and slightly dodgy means!

I've been playing a game lately, LightHalzen. I've been enjoying the ride, but lately it's been up and down. Currently it's down again after the latest round of payouts for a major overhaul. They have a groundswell of support and I tend to believe them. I think it'll be up and kicking again, at least for a while and long may it prosper.

Still waiting for Agloco to actually launch. Might actually happen soon, it was meant to happen betwixt April 2nd and 16th. Not looking likely, but soon.

Here's the official word:

"I have just got word from our Shanghai based tech team with an update on the Viewbar status. Most of the QA tests are going well with the exception of the ad servers. The team is currently integrating the Viewbar with the ad servers so that the Viewbar will have ads (and revenue) ready to go when it launches (it would not make too much sense to release a Viewbar that was not making any money). So, while the Viewbar is still on track for release this month, making the April 2nd to 16th window is getting more difficult – and, yes, the Shanghai team has been working seven days a week for quite a while now and will continue to do so until the Viewbar is released.

There is some good Viewbar news for most of you. As I mentioned in my last post, we are initially releasing about 50,000 Viewbars to those Members that signed up first. Our current plan is to release another 50,000 Viewbars every day until every pre-launch Member has a Viewbar (which means all Members should have their Viewbar within the first 10 – 11 days). This should alleviate some of the fears Members have expressed that they might have to wait weeks or months for their Viewbar. We recognize that there have been delays on the front end of the release, so we are trying to tighten up the back end of the release as much as possible.

Also, as some Members have correctly pointed out, AGLOCO’s early revenue will not immediately translate into cash distributions to Members. While we do not know how large our initial revenue will be, we do know that AGLOCO has operating costs to pay. It is important to remember that AGLOCO is not a “get rich quick scheme”, and we maintain that the most prudent way to build AGLOCO as a sustainable company is to calibrate Member distributions to company earnings. As such, the cash payouts will not begin until there is a comfortable balance between AGLOCO’s free cash flow and AGLOCO’s expenses. It is important to add that all Members will begin to accumulate hours from when they first start using the Viewbar (and referral hours will also be earned). Those hours will not be wasted. Both overall hours and monthly hours will be used in determining distributions to Members.

I’ll keep you posted as relevant updates continue to come up.

Brian Greenwald
AGLOCO Development Team"

If that is a true statement, that means Agloco has 50,000 members times, minimum, 10 days. Which means 500,000 members. Not too shabby. I still think it is definitely worth a shot.

It's free, and you can earn money. A simple equation. Whether or not they come through on their promise or take hold of the momentum is another question, but like I said - free.

And because it is about time for a spring clean or whatever-the-hell season clean it is wherever-the-hell you are, the following programs that have been hanging around the sidebar for way, way too long due to my laziness have gone by the wayside:

BlueHeavenMails and KAOnline. Both were in the HYIP/Games section. A bunch of other programs on the list are in various states of disarray, but, well, I'm too lazy to rant on about them right now!

GlobalOnlineDepository (now Global Online Direct, or some such other nomenclature) are one such program going through changes. I will expound on them a little however.

Withdrawals have slowed but continued. I received a cheque that was refused however upon talking to others they have not had the same problem and I am in (slow, very slow) communication with people at G.O.D. about being paid via E-Gold or some such method.

The S.E.C. is investigating them. However, their legitimacy seems less in question, just their ability perhaps.

"The SEC has posted an official Litigation Release on its website.

In part, that document reads,

Without admitting or denying the allegations of the Complaint, Global, Behrmann and Hunter consented to the Commission's request for preliminary injunctive relief, a partial asset freeze against Global, and the appointment of a corporate monitor to oversee Global's ongoing business operations. On April 5, 2007, on the basis of Defendants' consent, the Court issued an Order Granting Preliminary Injunction and Ordering Other Ancillary Relief.

It is the understanding of Global's principals that the "partial asset freeze", along with explicit instructions to them during meetings with the SEC, strictly prohibit disbursement of existing funds to Member/Lenders in any way that would treat some Members preferentially.

The Consent Order signed by Global's principals is intended to provide a reasonable opportunity to protect Member/Lender interests and to facilitate a successful completion of Global's obligations to Lenders."

It's been an interesting saga, very different to any other "HYiP" and it continues... I haven't counted Global out. I just choose not to fret about waiting for an eventual outcome!

Till next time, Ciao Y'all.

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