 What is this section?
This section houses closed, inactive, and offline programs.
Closed programs are programs whose administrators have officially announced the end to their programs.
Inactive programs are programs whose thread on MMG has not had a single post for a period of 4+ weeks.
Offline programs are programs whose websites have been down for a minimum of 7 days.
Zeekrewards - Zeekrewards.com |
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Feb 29 2012, 09:47 AM
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MMG Member
         
Group: Member
Posts: 400
Joined: 27-February 12
From: usa
Member No.: 405,807

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QUOTE (Freethefamily @ Feb 29 2012, 09:20 AM)  They did put mechanisms in place from the get-go. But as a previous owner of a few businesses, you typically adjust alot in the first year. The changes weren't actually that major...one of them paid us more money, even though some people whined before they understood it, and the other provided us customers from the company to gives bids to, but people whined before they knew what the company was doing there also.
So the whiners and complainers turned out to very happy with the last two changes.....So, these two "mechanisms" were a plus.
Now, this new law was adjusted to include certain types of mlm's and we as business owners/ affiliates have to roll with it or get out...it's our choice.
I am so happy they are proactive because when I withdraw my 6 figure a month income later this year, I want to know they did the right things to stay in business regardless of the people who drop out because of customer acquistion.
By-the-way, hindsight is 20/20. It's easy to say that now. I'm guessing you have never owned a business. EVERYONE who owns a business will tell you that there are many changes in the first 2 years because you cannot forsee EVERYTHING. So this is a normal business practice.
Even the companies you work for went through changes their first year and probably make changes now that you're not fond of.
I have had several; shoe store, honda wholesale; electronics import, etc. And my friends own businesses, there are things that come up that you never even thought about.
And the law didn't exist when zeek launched. In fact their legal team just verified that the recent changes to the law before it was finalized applied to zeek.
Much Success To You I have been a 30 year business owner. And yes things from the law pop up. I was hit with a 17,000 tax surprise because of a little known tax on arrows, and crossbows. However it was a complete surprise. I am not stupid Zeek knew about law changing April 1 well in advance, they may have wished it would revert before then and prevent some kind of scare. But they hid it from us, then popped us with it. This law according to Zeek lawyers has been coming since 2008, maybe earlier. Maybe possibly, just maybe I may have stayed and tried to acquire companies, but given the way they handled this I cannot trust the leadership of this management. If this were a publicly traded company on the stock exchange it also would experience the same reaction from investors. Some would pull their investment, some would not but you would have seen an immediate drop in the stock from this announcement. How much who knows but it would be real. Had I been in charge of this company I would have given people the information a month ago or more and put my personal gains to the side. Yes maybe the lawyers coerced them into waiting on the hope it would change in their favor but in my opinion it needed to be addressed sooner. Yes they are seeing great growth , and they are overwhelmed , been there done that. But trust has been lost, in an online industry that is tough to regain.
This post has been edited by freezeekler: Feb 29 2012, 09:49 AM
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Feb 29 2012, 09:57 AM
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MMG Member
         
Group: Member
Posts: 850
Joined: 27-October 09
Member No.: 186,368

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QUOTE (freezeekler @ Feb 29 2012, 10:47 AM)  I have been a 30 year business owner. And yes things from the law pop up. I was hit with a 17,000 tax surprise because of a little known tax on arrows, and crossbows. However it was a complete surprise. I am not stupid Zeek knew about law changing April 1 well in advance, they may have wished it would revert before then and prevent some kind of scare. But they hid it from us, then popped us with it. This law according to Zeek lawyers has been coming since 2008, maybe earlier. Maybe possibly, just maybe I may have stayed and tried to acquire companies, but given the way they handled this I cannot trust the leadership of this management. If this were a publicly traded company on the stock exchange it also would experience the same reaction from investors. Some would pull their investment, some would not but you would have seen an immediate drop in the stock from this announcement. How much who knows but it would be real. Had I been in charge of this company I would have given people the information a month ago or more and put my personal gains to the side. Yes maybe the lawyers coerced them into waiting on the hope it would change in their favor but in my opinion it needed to be addressed sooner. Yes they are seeing great growth , and they are overwhelmed , been there done that. But trust has been lost, in an online industry that is tough to regain. To be specific, you mean that your trust has been lost...that is not to say that all trust has been lost, evidenced by the countless members who choose to continue, based on past performance by the company in the face of inevitable change.
This post has been edited by ibjulieb: Feb 29 2012, 09:57 AM
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Julie Some days you feel like the "Pidgeon" and some days you feel like the "Statue"!
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Feb 29 2012, 10:00 AM
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MMG Member
         
Group: Member
Posts: 400
Joined: 27-February 12
From: usa
Member No.: 405,807

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QUOTE (ibjulieb @ Feb 29 2012, 09:57 AM)  To be specific, you mean that your trust has been lost...that is not to say that all trust has been lost, evidenced by the countless members who choose to continue, based on past performance by the company in the face of inevitable change. Exactly even fannie mae, and freddie mac, and AIG, and GM all are still traded on the stock exchanges. Not all trust is lost in most instances. Some companies turn it around, some do not. Zeek will turn it around, just not without some people for whatever reason they so choose.
This post has been edited by freezeekler: Feb 29 2012, 10:00 AM
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Feb 29 2012, 10:15 AM
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MMG Member
         
Group: Validating
Posts: 122
Joined: 23-October 06
Member No.: 77,273

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QUOTE (freezeekler @ Feb 29 2012, 08:00 AM)  I hope you are not talking about me, I am not a naysayer. I just choose not to recruit. That was what was written in the con-tract when signed up. I can say you need to open your eyes zeek is a HYIP but cloaked behind a penny auction. Now they are trying to make everything legal before something bad happens. I think they will get it all together legally I just choose not to participate in the changes that will need to be in place in order to become fully legal. You cannot deny this because right before your eyes they are making changes, and they state changes are needed to become a law abiding company. Zeek = good idea, bad planning. Still they should be around for some time, so for those who stay feel safe, and wish your recruiting efforts well. Hello - If what you say is true, the inevitable conclusion would happen. I hope this is not the case, as many of us are spending a lot of time building this business. I thought the strategy was outlined so earnings came from profits only and we received a share of these? The model would not have worked from the start had this been based on new customers needing to come in would it?
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Feb 29 2012, 10:35 AM
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MMG Member
         
Group: Member
Posts: 400
Joined: 27-February 12
From: usa
Member No.: 405,807

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QUOTE (rhackman2 @ Feb 29 2012, 10:15 AM)  Hello - If what you say is true, the inevitable conclusion would happen. I hope this is not the case, as many of us are spending a lot of time building this business. I thought the strategy was outlined so earnings came from profits only and we received a share of these? The model would not have worked from the start had this been based on new customers needing to come in would it? You should do research on HYIP programs. They go along great as long as NO one takes out money. If no one takes out money in theory you have money to pay the newest members. One clue for you is did it not seem odd that every fri-sun we would receive nearly the same profit, and Mon-fri nearly same? Either they are sharing different percentages each week to make the numbers the same, or they just chose the % in an attempt to have a system that will last for a very long time, and in hopes the auction would take off and supplement the cash need for withdrawals. Hey it is a good system nothing wrong in my eyes, I liked it. I felt they would be arround for at least another 12 months, which is longer than I needed to get a Return on my investment. But the government may have issues as you are finding out. But in all my years of business have I consistently made the same profit week in week out for 3 months straight. P.S. I always had the intention of starting my withdrawal around 27,000 points and I have reached this already. I did intend to let it grow until April 1 then withdraw but because of the recruiting issue I choose to withdraw now. I may once I get all my investment back let it ride more depending on the restrictions placed in April, but I do not think the restrictions will make things easier. When I had others join we all knew there may be a time to withdraw, and according to zeek withdrawing is not against policy. They just got most people to think the magic number is 20%. The 20% is part of the sustainability, if people do as in other HYIP withdraw 50% and more daily it becomes a problem very quickly. Do some research on HYIP and see how many have folded, and as soon as one folds 3 pops up.
This post has been edited by freezeekler: Feb 29 2012, 10:41 AM
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Feb 29 2012, 10:35 AM
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MMG Member
         
Group: Member
Posts: 745
Joined: 12-February 06
Member No.: 30,194

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QUOTE (ibjulieb @ Feb 29 2012, 10:57 AM)  To be specific, you mean that your trust has been lost...that is not to say that all trust has been lost, evidenced by the countless members who choose to continue, based on past performance by the company in the face of inevitable change. Your right, a few losing trust over a change does not represent a blip on the company. I have 522 personal referrals and my sister under me has 462 referrals. I have thousands in my downline growing daily. Only 1 has emailed me to see what we should do....I told him we will advertise for our own customers and I have several options for the team with more to come...he emailed me back, and I quote, "SUPER". They'll all get the newsletter from me tonight. On a different note: I have never had a downline with so many people having success and feeling good about the future. They're so happy to tell me about their first withdrawals. I have gotten some pretty impressive Thank You emails. And all of my people who have visited the staff in NC, including my upline, have come away impressed with the operation. ZeekRewards is really doing a good thing for tens of thousands of people....that's cool.
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Feb 29 2012, 10:44 AM
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MMG Member
         
Group: Member
Posts: 400
Joined: 27-February 12
From: usa
Member No.: 405,807

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QUOTE (Freethefamily @ Feb 29 2012, 10:35 AM)  Your right, a few losing trust over a change does not represent a blip on the company.
I have 522 personal referrals and my sister under me has 462 referrals. I have thousands in my downline growing daily. Only 1 has emailed me to see what we should do....I told him we will advertise for our own customers and I have several options for the team with more to come...he emailed me back, and I quote, "SUPER".
They'll all get the newsletter from me tonight.
On a different note: I have never had a downline with so many people having success and feeling good about the future. They're so happy to tell me about their first withdrawals. I have gotten some pretty impressive Thank You emails. And all of my people who have visited the staff in NC, including my upline, have come away impressed with the operation.
ZeekRewards is really doing a good thing for tens of thousands of people....that's cool. Thats great, and I wish them all well. And again as I have stated maybe 50 times I am leaving because I do not wish to recruit, and was from beginning told would not have to recruit. The trust part just sealed the deal that I would not give it a second thought to stay.
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Feb 29 2012, 10:52 AM
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MMG Member
         
Group: Member
Posts: 400
Joined: 27-February 12
From: usa
Member No.: 405,807

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QUOTE (freezeekler @ Feb 29 2012, 10:44 AM)  Thats great, and I wish them all well. And again as I have stated maybe 50 times I am leaving because I do not wish to recruit, and was from beginning told would not have to recruit. The trust part just sealed the deal that I would not give it a second thought to stay. Since this has been taking so much of my time over past 2 days, I will now take the email notifications off so I do not get more notices of replies I need to respond to. I think I have said all that I can on the subject, you can twist it, embrace it, ignore it but it is all their for those to see, unless of course the Mods delete it. But this is a discussion forum, and appreciate no one having been brutal to my opinions, as they are mine and mine alone, because I can think for myself, halleluejah Take care all good luck , and I will peek back when necessary!
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Feb 29 2012, 11:08 AM
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MMG Member
         
Group: Member
Posts: 745
Joined: 12-February 06
Member No.: 30,194

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QUOTE (freezeekler @ Feb 29 2012, 11:52 AM)  Since this has been taking so much of my time over past 2 days, I will now take the email notifications off so I do not get more notices of replies I need to respond to. I think I have said all that I can on the subject, you can twist it, embrace it, ignore it but it is all their for those to see, unless of course the Mods delete it. But this is a discussion forum, and appreciate no one having been brutal to my opinions, as they are mine and mine alone, because I can think for myself, halleluejah Take care all good luck , and I will peek back when necessary! Freezeekler, I really don't want you to go. I think you should withdraw like you said while we see how this will evolve for you and your team. You obviously bring something to the table regarding discussion. I hope you can take a positive wait and see position for the next 31 days. The cool thing would be all of us at the first ZR conference discussing/laughing how we debated at MMG and overcame the changes. We could all wear a tiny blue tag to say we are apart of the forum....just day dreaming again.
This post has been edited by Freethefamily: Feb 29 2012, 11:12 AM
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