I’d hate to be the one who wrecks the party, but ever since I looked at Agloco’s business plan I’ve had a nagging thought at the back of my mind telling me that this thing just isn’t going to fly. It seems reality has affirmed my doubts. Check out this e-mail I’ve received from Agloco:
We would like to update you on the status of AGLOCO’s operations. We continue to believe in the AGLOCO concept, but our revenue is currently not sufficient to give Members a meaningful distribution. And though there are increases in membership, the resulting revenue is not enough to support operating costs. As a development team we are unable to continue to use our savings to fund the operations. If any Member would like to pursue continuing the operations of AGLOCO, you may contact us at email@example.com .
We would like to thank every Member for supporting our effort to bring a piece of the Internet directly to the user. We hope that we can find a way to keep the operations going.
AGLOCO Development Team
Maybe I’m wrong about this, but I construe “If any Member would like to pursue continuing the operations of AGLOCO” to mean “we are for sale”. It remains to be seen what will happen, but one thing is for sure, if they decide to call it quits those people with the 50,000 members or more in their downline are going to be ticked off, to put it mildly. As the letter says, they don’t receive enough revenue to pay for their operating expenses, let alone pay out members. So, I’m wondering who would be willing to buy the out if they’re not profitable?
What do you folks think? Was Agloco doomed right from the start?