| Comment Number: | 522418-12257 |
| Received: | 7/17/2006 7:42:39 PM |
| Organization: | Quixtar Corporation |
| Commenter: | Sanath Kumar |
| State: | NJ |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
Dear Sir/Madam, My wife and I are Quixtar registered IBO's. We have been with the company for many years. I am a PhD research scientist with several patents and credibility in the scientific world. My wife is a chartered account - but thanks to the Quixtar opportunity, has the choice to stay at home. We have utmost regard for Quixtar and its founders. We truly believe this company provides the best level playing field for ANY individual to take advantage of the free enterprise system and succeed in life. The mentorship provided us by the people who have signed us up is tremendous - and unparalleled in Corporate America. While we recognize the need for legislating and monitoring the activies of organizations claiming "Business Opportunity", we believe this PRM does not serve the needs of the prospects nor those of true entrepreneurs like us. The Quixtar Business Opportunity is an example of how a true business opportunity should be properly presented. We abide by all the existing rules of the FTC. And it provides products and services that are truly outstanding. 1. There's no need for a 7--Day waiting period. The prospects can truly see what they have signed up for - and decide to quit if they choose to. It only costs new registrants about $250 to get signed up - and that includes a sampling of products. All this comes with a money back guarantee. We clearly state at all of our presentations that this is not a "Get Rich Scheme". It is a business opportunity and they will have to work to make any money. 2. It is a violation of the privacy of people in my group (or others) if I provide their names and addresses to potential prospects. Prospects can read up testimonials at Quixtar's own website - to which there is public access. 3. Litigation: This is a ridiculous proposition. Are Public Corporations required to provide a list of all litigations against them to prospective employees? No! Then why should we? Whether the litigations are frivolous or otherwise - there is enough dirt on any corporation in the world that people can read up by themselves. 4. Earnings disclosure. We ALWAYS provide them with a document that tells them the average monthly earnings of an "active' IBO (Independent Business Owner), as provided by Quixtar - thus, they know that the figures come from a credible source. 5.It would be a violation of MY rights to REQUIRE me to disclose my earnings to any prospect. My earnings do not impress any prospect - it is the potential of THEIR earnings that they are impressed by. If I have to provide them my personal financials details, should I then give them my tax returns for the past 10 years??!! This is again a violation of my rights. Do the right thing. Protect the Free Enterprise System. Go get the unscrupulous fly-by-night companies that claim to be ligitimate business opportunities. Enforce EXISTING FTC rules. Thank you!