| Comment Number: | 522418-04479 |
| Received: | 6/27/2006 12:24:22 AM |
| Organization: | Stellar Tree |
| Commenter: | Gairy Mahadeo |
| State: | NY |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
Dear Sir/Madam... After just receiving word of the new proposals pending upon our corporation I can only say that I am fairly shocked. It was my understanding that our company was in every compliance with the FTC and with good merit. Often, as a business owner myself powered by Quixtar for over two years, I have used the good name of your company to legitimize our good name. The tall and short of the new proposal however, will create some serious issues with running a successful business for many reasons. Foremost- to consider having any prospect wait a seven day period to start, what is for many,- the greatest opportunity in the world is simply preposterous. Understandably, I do credit your company for keeping other businesses from "netting" unsuspecting persons simply looking for any opportunity to start his or her own business. For this- I commend you all. That said, however, Quixtar has been nothing short of a model of integrity and hope for a great number of persons... myself included. If I may assume- the nature of this particular proposal is merely to give the new prospect "time to consider" or perhaps thoroughly "check out" our business model. What you have not seen though is that many prospects only have a fair chance to thoroughly and intelligently assess the business after becoming an independent business owner themselves. Since nothing is risked financially, since all of the start up costs are refunded in full within our grace period... many find the opportunity 'perfectly suited'. Hence, you are inadvertantly neglecting prospects of his or her right to investigate, on their own and/or with the help of other very successful business owners, this business opportunity. Another sticky point of the proposal is the disclosure of personal information of other IBOs within the line of sponsorship for the consideration of new prospects. I may be wrong here, but it seems like the heart of your proposal is to protect the rights and guard persons from faulty information. How then does mandating the disclosure of telephone numbers, addresses and financial documents protect anyone's privacy? I'll end simply with a plea to reconsider your proposal. From one reputable source to another... the Quixtar opportunity and the people who make it as successful as it is are entirely built on principle and integrity. Two elements that are a rarity amongst big businesses today. If you give people more reason to distrust a reputable company, they will start to distrust even you. Thank you for your consideration... Independent Business Owners Founders Crown Ambassadors Gairy and Anju Mahadeo