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Chapter 7: MLM's Abysmal Numbers
7-1 The Case (for and) against Multi-level Marketing By Jon M. Taylor, MBA, Ph.D., Consumer Awareness Institute Chapter 7: MLM’s ABYSMAL NUMBERS Chapter summary a large enough downline to meet expenses, and therefore do not profit. Is MLM a profitable business These conclusions were confirmed in the opportunity? And if so, for whom? Just do the average earnings reports of all 30 MLMs for math – the numbers don't lie. In this and which we were able to obtain data published preceding chapters, you will find the most by the companies themselves. Such statistics rigorous and thorough analysis of MLM are invaluable for analysts to debunk the profitability ever done by an independent many misrepresentations that are told to research firm. Questions about the viability thousands of prospects every day. and profitability of MLM as a business model Failure and loss rates for MLMs are not and its many company manifestations are comparable with legitimate small answered in this and prior chapters – based businesses, which have been found to be on 15 years’ research, worldwide feedback, profitable for 39% over the lifetime of the and analysis of the compensation plans of business; whereas less than 1% of MLM over 350 of the leading MLMs, as well as participants profit. MLM makes even average earnings data, where available. The gambling look like a safe bet in comparison. answers are not pretty. MLM stocks are questionable Our studies, along with those done by investments at best. And like gambling, other independent analysts (not connected to losses from MLM participation should not be the MLM industry), clearly prove that MLM as a allowed as a tax deduction – beyond the business model – with its endless chain of amount of actual income. -
Program of Events
D IRECT S ELLING A SSOCIATION Program of Events June 9-11, 2013 | Phoenix | http://annualmeeting.dsa.org Saturday, June 8 9:00 a.m. – 10:30 a.m. DSEF Executive Committee Meeting Desert Suite II 10:30 a.m. – Noon DSEF Joint Communications & Development Desert Suite I LANCE Committee Meeting 11:00 a.m. – 1:00 p.m. DSA Executive Committee Meeting Desert Suite VII G Noon – 7:00 p.m. DSA Registration Open Grand Canyon Ballroom Foyer A 1:00 p.m. – 3:00 p.m. DSA Board of Directors Meeting Grand Sonoran Ballroom F 1:00 p.m. – 6:00 p.m. Exhibitor Set-Up Grand Canyon Ballroom 3:30 p.m. – 5:30 p.m. DSEF Board of Directors Meeting Grand Sonoran Ballroom F AT 6:00 p.m. – 7:00 p.m. DSA Supplier Reception Grand Sonoran Ballroom A-B 7:00 p.m. – 8:00 p.m. DSA/DSEF Board of Directors Reception Wildflower Salon A 8:00 p.m. – 10:00 p.m. DSA/DSEF Board of Directors Dinner Wildflower Salon B&C Sunday, June 9 7:00 a.m. – Noon DSEF Golf Tournament Wildfire Golf Club 8:00 a.m. – 1:00 p.m. Exhibitor Set-Up Grand Canyon Ballroom CHEDULE 8:00 a.m. – 9:00 p.m. DSA Registration Open Grand Canyon Ballroom Foyer S Noon – 9:00 p.m. Cyber Café Open Grand Canyon Ballroom Foyer 12:30 p.m. – 3:00 p.m. WFDSA Board of Directors Meeting Desert Suite IV 1:00 p.m. – 3:00 p.m. -
A Study on Direct Selling Through Multi Level Marketing
International Journal of Advancements in Research & Technology, Volume 1, Issue 4, September-2012 1 ISSN 2278-7763 A Study On Direct Selling Through Multi Level Marketing F. MARY MERLIN Department of Management Studies, Manonmaniam Sundaranar University, Tirunelveli, India. Email: [email protected] ABSTRACT Direct selling is a multi-level marketing in which the sales force is compensated not only for the sales they make but also for the sales done through their recruit. This recruited sales force is referred to as the participants who can provide multiple levels of compensation. A person's job would be to recruit others to sell their product, and in return, receive a percentage of their sales. The next person's job then is to recruit people even more so below them, and receive a percentage of their sales. Other terms for Multi-level marketing include network marketing and referral marketing. Commonly, the salespeople are expected to sell products directly to consumers by means of relationship through referrals marketing. Some people use direct selling as a synonym for MLM, although MLM is only one type of direct selling Keywords : Multi-Level Marketing, Direct Selling, Traditional Marketing. 1 INTRODUCTION evolution of direct selling. According to Biggart, direct selling has grown to become a major form of commercial activity in Direct selling is marketing and transaction of consumer goods the US, despite encountering opposition from other sectors of directly to the consumer; it does not depend on direct mail, the business community during various stages in its product advertising or fixed retail outlets. Self-governing sales development. -
Defense of the Pyramid Scheme
In Defense of the Pyramid Scheme Dr. Lasdwun N. Luzes In Defense of the Pyramid Scheme by Dr. Lasdwun N. Luzes “Alas what dealer in the world would ever get a farthing, if he be so wise as to scruple at perjury, blush at a lie, or stick at any fraud and over-reaching.” Erasmus of Rotterdam, 1511, “In Praise of Folly” © copyright 2014, by Dr. Lasdwun N. Luzes Boca Raton Florida, Ada Michigan, Salt Lake City Utah, Cayman Islands, Shanghai China E-mail: [email protected] Trademarks: Various names used in this document are the trademarks or registered trademarks of their respective companies Credits: Direct Selling Association for the fantastic research and inventive analysis on which some of the essay is based. Cover: The Pyramid image and words that appear on the reverse of the Great Seal of the United States. Annuit Coeptis, “Providence Approves” and Novus Ordo Seclorum, “A New Order of the Ages”, signify the new economic order of the Pyramid Scheme Business Model, which has manifestly been approved by the Invisible Hand of Providence, The Market. Outline: I. Pyramid Schemes in Everyday Life II. MLM: Made in America III. Pyramid vs. Business, a Distinction without a Difference IV. Ubiquitous, Invisible and Inexplicable V. Capitalism, Pure and Unfettered VI. The Obsolescence of the Fraud Thesis VII. Protectors of the Pyramids VIII. The Pyramid as Main Street Business IX. A Business, Legal or Not X. The Perfect Business Model XI. The Fraud Question for the Last Time About the Author In Defense of the Pyramid Scheme I. Pyramid Schemes in Everyday Life Throughout the year of 2013, writers at Fortune, CNBC, Bloomberg, Wall Street Journal, New York Times and a host of local newspapers and television news programs have all shown a new and intense interest in the question of whether or not Herbalife is a pyramid scheme. -
Pyramid Politics: the FTC’S Long History of Protecting “Multi-Level Marketing” by Robert L
Pyramid Politics: The FTC’s Long History of Protecting “Multi-Level Marketing” by Robert L. FitzPatrick Introduction: An overview and history of the political power of “multi-level marketing” to prevent regulation and law enforcement must begin at the end, with the election of Donald Trump. Yet, the appearance of a dramatic breakthrough is an illusion. MLM has controlled the Federal Trade Commission and prevented criminal fraud prosecutions for at least 30 years and its influence- buying is bi-partisan. The Trump election, however, does signify an extraordinary surge in political influence. Previous administrations have shown disregard for the damage and deception caused by MLMs on Main Street, yet the Trump presidency represents the first time that the president himself is a MLM leader and promoter. And whereas past presidents made appointments or their appointees made appointments that protected pyramids, the Trump presidency has appointed individuals who are themselves involved in MLM as major owners or spouses of owners, spokesmen of MLMs or major shareholders and aggressive defenders of these types of schemes, from which they are directly profiting. • President-elect Donald Trump himself owned an MLM. It was called Trump Network and promoted so-called health products.1 It collapsed and its assets were sold in less than two years. This is in addition to his ownership of the MLM-like “Trump University” (a close cousin to Herbalife's Latino-targeting “Universidad del Exito”, (Success University). For Trump University's deceptions and consumer losses, Donald Trump agreed in a court settlement to pay $25 million in restitution to victims (Herbalife was required to pay $200 million for deceiving its victims). -
Filed by the Registrant [X]
SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant [X] Filed by a Party other than the Registrant [_] Check the appropriate box: [_] Preliminary Proxy Statement [_] CONFIDENTIAL, FOR USE OF THE COMMISSION ONLY (AS PERMITTED BY RULE 14a-6(e)(2)) [X] Definitive Proxy Statement [_] Definitive Additional Materials [_] Soliciting Material Pursuant to (S) 240.14a-11(c) or (S) 240.14a-12 MANNATECH, INCORPORATED -------------------------------------------------------------------------------- (Name of Registrant as Specified In Its Charter) -------------------------------------------------------------------------------- (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box): [X] No fee required. [_] Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11. (1) Title of each class of securities to which transaction applies: ------------------------------------------------------------------------- (2) Aggregate number of securities to which transaction applies: ------------------------------------------------------------------------- (3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined): ------------------------------------------------------------------------- (4) Proposed maximum aggregate value of transaction: ------------------------------------------------------------------------- -
Corporate Clients of Compliance Training Online®
Corporate Clients of Compliance Training Online® 'Round The Clock Service Inc Knox Excavating LLC 0906454 British Columbia Ltd Knudsen Construction 1st Choice Aerospace Knutsen Dental Solutions 1st National Bank KO Construction 1 Stop Pool Pros Inc Koalatech Restoration 1 Sun Solar Electric KOARTAN Microelectronic Interconnect Materials 1-855-Fix-Light Koasati Construction Management 10 Federal Kobus Construction USA Inc 10 Tanker Air Carrier LLC Koch Logistics 15 Lightyears Inc Koch-Gitsch Canada LP 10000 Lakes Archaeology Inc Kocharian Company 100 Kocsis Scaffolding Systems 101 Industries Ltd KODA Care 1010 Kodak Polychrome Graphics 101083514 Sk Ltd Kodiak Carbonic LLC 1027622 AB LTD Kodiak Environmental Contracting LLC 1071 Industries LLC Kodiak Steel 11 Bravo Restoration Kodru Equipment 123 Engineering Inc Koeppel Nissan 1258995 Alberta Ltd Koffler Electrical Mechanical 126959 Alberta Ltd KOGAP Enterprises Inc 1339352 Alberta Ltd Koh Young Technology Inc 1592118 Alberta Ltd Koham LLC 1668422 Alberta Ltd Koi Tattoo 1669753 Alberta Ltd Kolb Electric 16x9 Inc Kolb Grading LLC 1736394 Alberta Ltd KO Manufacturing Inc 18 Karat Inc Komline-Sanderson 1 1841843 Alberta Ltd KONE Corporation 1849440 Alberta Ltd Kone Elevator Company 1991 Konecranes 1993 Kongsberg Automotive 1st Business Solutions Konopka Electric LLC 1st Class Home Inspection Konwinski Construction 1st Freight KOO Construction 1st In Fire & Safety LLC Kooima Company 2Brothers Contracting LLC Koontz Electric 2 Griffins Inc Koopman Roofing 2 H&V CONSTRUCTION Kope Logistics 2-Way Communications -
Ratification of Independent Registered Public Accounting Firm” Beginning on Page 37 of This Proxy Statement
Letter from the Chair & Chief Executive Officer Dear Fellow Shareholder: I am pleased to invite you to attend the 2021 Annual Meeting of Shareholders (“2021 Annual Meeting”) of International Flavors & Fragrances Inc. It will be held at 10:00 a.m. Eastern Time on May 5, 2021 virtually and you can attend by visiting www.virtualshareholdermeeting.com/IFF2021. Please see “What do I need to do to attend the virtual 2021 Annual Meeting” on page 101 for further instructions. Our Strategic Plan is Working At the beginning of my tenure as Chief Executive Officer in 2014, we set out to re-define IFF with the ambitious goals of invigorating and exciting significantly more customers, challenging the boundaries of our industry and creating a foundation for long-term value creation. 2020 was a pivotal year in this journey. Our recently completed merger with DuPont’s Nutrition & Bioscience business transformed IFF into a global leader in high-value ingredients and solutions for the global food, beverage, home and personal care and health and wellness markets. Throughout 2020, our team has worked relentlessly to align our business to realize the full potential of our new company while executing against our strategic pillars to establish IFF as our customers’ partner of choice, drive innovation across the portfolio, improve growth across key markets, leverage our expanded capabilities and portfolio across a broader customer base, build our talent and organization and continue our momentum in sustainability. IFF is now an approximately $35 billion market capitalization company, with an expected full year 2021 pro forma revenue of approximately $11.5 billion and approximately $2.7 billion of pro forma adjusted EBITDA – more than doubling the position we held just one year ago.1 Through the careful execution of our strategy, we have created a global leader in taste, scent and nutrition. -
Multi-Level Marketing Unmasked*
CONSUMER AWARENESS INSTITUTE MULTI-LEVEL MARKETING UNMASKED* Prefatory pages, Introduction, and Chapters 1-2 By Jon M. Taylor, MBA, Ph.D. *Formerly titled THE CASE AGAINST MULTI-LEVEL MARKETING – AN UNFAIR AND DECEPTIVE PRACTICE The most thorough guide to understanding MLM (multi-level marketing) ever published – MLM’s appeal, its unique features and inherent flaws, its deceptions and devastating effects, its culpability to federal and state laws, and needed regulatory reforms. The book also explores key legal cases and answers the most frequently asked questions – all based on 20 years research, worldwide feedback, consultation with top experts, and analysis of over 500 MLMs by a qualified analyst. For federal and state regulators, legislators, attorneys, consumer advocates, financial advisors, researchers, educators, the media, and consumers. © 2014 Jon M. Taylor, Consumer Awareness Institute Earlier versions under similar titles: The Case Against Multi-level Marketing and Unfair and Deceptive Practice, copyrighted in 2013 and The Case (for and) Against Multi-level Marketing copyrighted in 2011 and 2012 Info-graphics by Alan Connell and Jon Taylor Cartoons by Cal Grondahl and Kristopher Taylor Printed in the USA How to obtain copies: Download digital copies from mlm-thetruth.com For hard copies, contact Jon Taylor directly: Email – [email protected] Telephone – (801) 671-1870 ACKNOWLEDGEMENTS My thanks go to scores of committed consumer advocates, government officials, attorneys, media representatives, investment advisors, educators, former MLM (multi-level marketing) victims and participants, web designers, and persons who have shared their experiences and feedback from countries all over the world. I want to give special recognition and thanks to my wife, JoAnn, who – after tolerating my MLM involvement for a year – challenged me to make a decision between her and a prominent MLM – which started me on this quest for the truth about MLMs, or product-based pyramid schemes. -
Counselor William Blumenthal Office of the General Counsel Federal Trade Commission 600 Pennsylvania Avenue, NW Washington, DC 20580
DEMAND LETTER TO: ,,-cbER': ........ Counselor William Blumenthal Office of the General Counsel Federal Trade Commission 600 Pennsylvania Avenue, NW Washington, DC 20580 DEMAND LETTER FROM: The MLM Distributor Rights Association (DRA) From: Cheryl Gonzalez, President DRA, & Rod Cook, Chairman of the Board DRA 407 Prinz Drive San Antonio, TX 78213; 2410 Cinco Woods San Antonio, TX 78259 ~f::v.: o: SUBJECT: Re:FTC Proposed Business Opportunity Rule, R511993 ~ " Dear Madam Majoras: WHAT IS THE MLM DISTRIBUTOR RIGHTS ASSOCIATION? The Distributor Rights Association is the only non-profit organization in the MLM- Network Marketing category of the Direct Sales Industry. The DRA represents approximately 1.2 million MLM Distributors through the "downlines" represented. It consists of work-from-home distributors in the Network Marketing Industry. This distributor force is comprised of single morns who get to stay at home with their children, retirees, disabled people who find it difficult to leave the house, entrepreneurs with big dreams to take their lives to the next level and others who simply need an easy way to supplement their income in order to support their families. It was founded because of injustices to MLM distributors by immoral MLM companies who put profits in front of their promises of residual income to distributors. These companies however are in the minority as most are legitimate businesses that offer fair and just entrepreneurial ways for their distributors to make extra money. The DRA promotes communication between MLM Distributors and the companies, which is our way of policing the industry and giving the distributors a place where they feel their voice can be heard and they will have people in their corner. -
1-800-Partyshop F.A.I.T.H. Company Maakoa Tag Team Marketing International, Inc
1-800-PartyShop F.A.I.T.H. Company Maakoa Tag Team Marketing International, Inc. Tahitian Noni International / TNI 10KWEB Family Health Network M2CGlobal (formerly Morinda) 12DailyPro / 12dailypro.com Family of Eagles Magic Learning Systems Take Shape for Life | Medifast Inc. Family Vacation Network (FVN) – new, 1CellNet ‘prelaunching February, 2013′ Magic Power Coffee Talk Fusion 1StepSystem / 1StepSystem2Freedom.com FantasyFootballCash.com Magnus Enterprises TamPogo Mama’s Direct, Inc. (MDI) – pre- 21stNetwork.com Fifth Avenue Collection, Ltd. launch in 2012 TARRAH Cosmetics, Inc. 21Ten Financial Destination Inc / FDI Man Cave Taste of Gourmet 2by2.net / Mall Ventures, Inc. – closed by FTC 2004 First Fitness International Mandura Tastefully Simple, Inc. 2Xtreme Performance International First Marketing Group Manna Life International Team Effort International / MyVideoTalk Team National / National Companies 3 To Freedom First3cycle Mannatech, Incorporated Inc. / BigN 30fold (VSTR.PK) Fit For Business Inc. MannaZo Global TeamVinh International 4 the Good Life Five Star Auto Club Market America, Inc. Tel-a-Nation.com 4-E Corporation – Now Ecomates, a division of Ethos Environmental Inc. Five x 5 MarketClub Telehop 4Life Research / 4HealthDirect – Telephone Information Systems founded in 1998 FKC International Marpé International (Pleasure Time) 5LINX Flantech Mary Kay, Inc. TeleVerus 888.biz Flying Frog Incorporated Matol Botanical International TeleWrx / Converge Global, Inc. 8Point Communications FM Group Matrix Management Group Terra-bioTech AA-Turbo Charge Marketing Forever Freedom International / FFI Max International, MaxGXL The Art of Better Living The Balance Company / TBC Abunza Forever Living, L.L.C / FLP. Maxous Network Worldwide, Inc. MAXXIS Group, Inc. / MAXXIS 2000 Acai Plus / TriUnity International ForeverGreen / Frequensea – in Chapt. -
Verifone Vertical Markets Selling Guide Series
VeriFone Vertical Markets Selling Guide Series Door-to-Door Sales North America Financial Group January 2010 Vertical Market Selling Guide – Door-to-Door Sales Purpose. This guide is provided to you at no charge to create awareness for the needs of a payment terminal solution within a specific vertical market that may be less penetrated than traditional retail stores. Table of Contents. Market Segment Market Overview Sales & Marketing Insights Market Characteristics Payment Characteristics Market Resources VeriFone Solutions Page 2 Market Segment: Door-to-Door Sales. SIC/MCC: 5963 NAICS CODE: 454390 Market Overview. Another term for this group is Direct Sales, since there has been a shift in selling techniques over the years from actual door-to-door salesmen to a variety of other schemes. The largest growth sector of this industry has been the multi-level marketing concept. This concept involves individuals, called distributors that sign up others and earn commissions on their sales as well as their own. Amway is a prime example of this type of business. Another concept is the party plan, whereby representatives hold sales “parties” at customer’s homes. The average representative, or distributor, works an average of about 30 hours per week. Most sales are made in office environments to co-workers, to church members, or to neighbors. There are over six million individuals, representing 22,000 establishments (exhibit 1) distributing products through direct sales in the US. Sales exceed $20 billion a year. The major product categories in direct sales are Clothing (accessories) and Personal Care, Home and Family Care, Wellness, and Leisure and Educational.