| Comment Number: | 522418-05480 |
| Received: | 7/1/2006 2:58:15 PM |
| Organization: | LoriLu Ltd |
| Commenter: | Louis Gioia |
| State: | TX |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
My wife and my experience with the Quixtar Business has been nothing but positive.During the 9 years we have been affiliated, they have always supported our efforts above and beyond our expectations. The information we received when registering, and pass down to prospects, has always been informative and allows the individual to make his/her own choice. Never is success guaranteed and in fact success is said to be dependent on their activity level. This information is provided prospects during the discussion of how this opportunity works. The proposed 7 day wait would be a detriment to us and any prospects as profits are generated by their immediate activity. Since anyone becoming a Quixtar IBO has their own business, references become nonexistant. Other IBO's sponsored by us SHOULD give our name and phone number to their prospects so that we can edify them and answer any questions. The proposed litigation list would be of no value to us since we own our own business and have no litigation concerns. The potential profits are currently explained by a handout we provide each prospect explaining their potential montly/yearly income as well as inactivity income. Since each person has the ability to financially bypass their sponsor, the disclosure of income would be of no benefit. At present the expenditure of an individual to be supported by Quixtar is less than $200 and if they quit their investment (after the grace period) their refund is zero.