| Comment Number: | 522418-07805 |
| Received: | 7/11/2006 7:06:31 PM |
| Organization: | |
| Commenter: | Patrick Mulholland |
| State: | PA |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
My name is Patrick Mulholland. I am an Independent Business Owner affiliated with Quixtar. I'm writing in regards to the proposals the FTC is considering regarding business opportunities. Quixtar is a first class company. I've been an IBO for almost three years and I have experienced nothing but positive from the Quixtar corporation. We always give people the proper facts and credibility based upon the Quixtar business model. It shouldn't take the average person seven days to evaluate the Quixtar opportunity for this small of an investment. Especially when Quixtar offers a six-month money back guarantee. I think the proposal to give a list of 10 references is not fair for two reasons. The first being that people would not like random phone calls. The second reason is that people build their Quixtar business at different paces and have different feelings. Some people get started and don't do any work but expect results. The Quixtar opportunity does require effort and is not a get rich quick scheme. Some people don't put forth any effort and then blame others for their laziness. I also think the proposal to disclose all legal allegations will harm the Quixtar business opportunity. Legal allegations are just that - legal allegations. Unless the IBO has pending legal allegations against them, I do not think it is necessary to disclose legal allegations against Quixtar. I think the proposal should create a level playing field by requiring clear, simple and standardized income disclosures that apply to all IBO's. I think the rule should not require a seven-day waiting period before a prospect can register. I think the rule should not require IBO references be provided to prospects or disclosure of past litigation. I think the rule should not require financial records to be disclosed to prospects. I applaud your goals and getting things accomplished to eliminate fraudulent business opportunities. However, I believe some of your propositions are going to hurt the real business (not just the Quixtar opportunity) that enhance free enterprise in this country. Thank you for your time and have a nice day! Regards, Patrick Mulholland