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Go Back   Talkgold HYIP, Investment & Money Forum > Specific Program Discussion > Closed Programs and Scam Warnings
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  #1  
Old 07-15-2008, 10:12 PM
LynnRE LynnRE is offline
Senior Investor
Join Date: Dec 2005
Posts: 812
Default Re: Asdcashgenerator - Asdcashgenerator.com

Quote:
Originally Posted by talkgold
Just want to correct you on this. That is not true. Online sales out of state have no sales tax, only within Florida. This is true for I believe 49 of the 50 states in the Union. If you are a florida resident then technically you are responsible for paying taxes for your ASD order.
Thank you for your understanding of the Florida law. Since the person who told me this is an attorney in Florida, I may have misunderstood what he was telling me, or I failed to make my question clear. I will ask him if what you posted is really the situation, and I missed something in the asking or translation. Will let you know what he says.
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  #2  
Old 07-15-2008, 10:20 PM
LynnRE LynnRE is offline
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Join Date: Dec 2005
Posts: 812
Default Re: Asdcashgenerator - Asdcashgenerator.com

Probably one of the best explanations and evaluations I have seen regarding ASD and how it works, and I quote:

"To Clarify:
You DON'T automatically earn 1% compounded daily. What actually happens is that 50% of the ad revenue for THAT DAY goes back into paying all the members equally. Currently that averages about 1% a day. (And IF the company starts promising a certain rate of return... RUN FOR THE HILLS! It's impossible to sustain.)

The OTHER point is that you can only earn 125% of what you PUT IN. You do not compound forever... once you reach 125% you either withdraw, or (like most do) PUT IT ALL IN AGAIN.

Yeah.. spin that wheel, play the odds, double or nothing!


Some Real Concerns:
I really appreciated my contact's time, don't get me wrong, but I just can't support his efforts because of some fundamental FLAWS with the whole concept.

Fundamental Flaw #1 - Untargeted Viewers
The ads that you are paying for are being shown to other ASD members who aren't there to buy anything. They're all going round & round clicking on their necessary daily page views to qualify to earn... but not really surfing because they are looking to buy.

Fundamental Flaw #2 - Big Advertisers on Board?
The ASD people are saying how Google and other major players are going to be purchasing ads. But I ask you, WHY would Google buy ads when it can put its own ads on MILLIONS of sites far more cheaply? Also... why would they advertise to a group of people who don't care what they're looking at (See Flaw #1)

Fundamental Flaw #3 - Is it worth it? If not, it will die!
Value for Value - key principal here. If you put in $500, you get 500 credits (ad views), which means you are paying $1/view for an untargeted viewing of your ad. Believe me, when the money stops flowing, people will take their money and go elsewhere... this product isn't worth the cost.


AND... the math doesn't allow for people to steadily MAKE money with this program.

The SCARY Math:
ASD is keeping 50% of every dollar put into the advertising. Which means if total accounts show $10 million, then $20 million was put in.

The $10 million is put in again, now total user accounts show $5 million (50% right). And so on, until ASD has all the money. The reason it doesn't look this way right now is that most money is being "recycled" every day along with all the NEW money (from new signups). But played out long-term, eventually ASD would earn it all back.

I'm just pointing out that the only way people are earning MORE than their initial investment is that a lot more money is coming in AFTER them.

I did this complicated spreadsheet last night, and found that when you join you get "in a line" for your account to reach 125%. Yes, everybody is getting paid daily... but it takes about 7-8 people coming in AFTER you (at the same $$ level) for you to earn 125% back.

1st person gets to 125% after 7 people
2nd person gets to 125% after 14 people
3rd person gets to 125% after 21 people
etc.

This means if:
there were 1,000 people now
each with $1,000 in their account...
it would take 7,000 new spends at $1,000 for those initial 1,000 people to get to 125%.

Now how long for those 7,000 NEW $1,000 accounts to return 125%? Yup... 49,000 NEW $1,000 purchases. And so on...

In otherwords, the reason everybody is excited right now is because the growth has been keeping up with the 1%+ average and everything looks great!

However, I hear there are about 100,000 distributors now. If you want to get involved NOW, just hope that in the next 3 months the company makes it to 700,000 distributors! (and then what?) Personally, I don't think its going to happen.


BOTTOM LINE:

This program will likely continue to run while new signups keep occurring. As long as the percentages look good, people will continue to reinvest, keeping the engine going for a little while. But it will come to a grinding halt once two things start happening (and it happens fast):
1. The percentages start dropping (new signups can't keep up to the 7-1 ratio)
2. The big dogs start withdrawing their big money (instead of reinvesting) knowing this has run its course!"
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  #3  
Old 07-15-2008, 10:40 PM
liddy2 liddy2 is offline
Amateur Investor
Join Date: Dec 2006
Location: Gulf Shores, AL
Posts: 34
Default Re: Asdcashgenerator - Asdcashgenerator.com

LYNNRE, when you are talking to your florida attorney, please have him contact the Attorney Generals office and request a copy of the file on ASD. It should be public record and released to the public..then, would you PLEASE publish it on this forum for us all to see. Thanks..that should clear up all of this..it's the AG job to protect the public and since they did send an investigator in, there should be some determination by them.
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  #4  
Old 07-16-2008, 02:14 AM
LynnRE LynnRE is offline
Senior Investor
Join Date: Dec 2005
Posts: 812
Default Re: Asdcashgenerator - Asdcashgenerator.com

Actually I requested the answer directly from the Florida Dept. of Revenue. As soon as I hear back from them, I will post their answer here. Figured I would cut out the middle man to avoid any misunderstandings.
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  #5  
Old 07-16-2008, 02:42 AM
jenney316 jenney316 is offline
Amateur Investor
Join Date: Jul 2008
Posts: 77
Default Re: Asdcashgenerator - Asdcashgenerator.com

Pictures of ASD headquarters - anyone else seen these yet? I was at least expecting an office building.

http://img175.**************/img175/...7140035gb2.jpg

http://img147.**************/img147/...7140036uz9.jpg

http://img296.**************/img296/...7140037vp9.jpg
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  #6  
Old 07-16-2008, 02:46 AM
jenney316 jenney316 is offline
Amateur Investor
Join Date: Jul 2008
Posts: 77
Default Re: Asdcashgenerator - Asdcashgenerator.com

Pictures of ASD headquarters - anyone else seen these yet? I was at least expecting an office building.

you'll have to copy and paste into address bar because for some reason the forum messes up all URLs and puts *s in there. make sure to get the . in there after imageshack

img175.imageshack.
us/img175/7742/p7140035gb2.jpg

img147.imageshack.
us/img147/4165/p7140036uz9.jpg

img296.imageshack.
us/img296/9577/p7140037vp9.jpg
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  #7  
Old 07-16-2008, 03:35 AM
jenney316 jenney316 is offline
Amateur Investor
Join Date: Jul 2008
Posts: 77
Default Re: Asdcashgenerator - Asdcashgenerator.com

Changes on ASD's website.

For all of you ASD members: there have been changes made to the terms and conditions....

The one I noticed was 29.1 which originally said that ASD was incorporated in panama and that the terms were so governed by the laws of panama.

Now it says that the terms are governed by the laws of the US and finally mentions the NV incorporation.

Advice: Read through the terms and conditions again because ANYTHING on there could have changed. Afterall, they reserve the right to change anything at any time in their conditions without prior notice (which is scary considering they could change the terms at any time to say anything they want and the members agreed)

Anyone notice any other changes?
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  #8  
Old 07-16-2008, 03:50 AM
Nuitt Nuitt is offline
Amateur Investor
Join Date: Feb 2007
Posts: 69
Default Re: Asdcashgenerator - Asdcashgenerator.com

Keeping us up front Thanks
Can't wait to see 5 stars at this site.
I love it when a plan comes togeather

I guess Greenback is just another Scam
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  #9  
Old 07-16-2008, 07:58 AM
DreamTeamCoop's Avatar
DreamTeamCoop DreamTeamCoop is offline
VIP Investor
Join Date: Aug 2005
Posts: 1,117
Default Re: Asdcashgenerator - Asdcashgenerator.com

smartone, I confirm GreenBackStreet has over 10 years of successful experience. I got this from a reliable source but I believe they were running under another name before. We have to search for this though.

jenney316, I don't get it! What do you want to prove with your images? Does it really matter if it's NOT an office building? and where did you see they have changed their terms and conditions regarding the location where they are incorporated? I've joined this program 3 months ago and since the beginning I've read they are incorporated in the US (they have their Head Office in the US). So again when you make a search, check your sources!
__________________
"I want to share a SECRET with you BUT these people don't want I tell you what I was about to tell you!" - MIKE HILL, one of the best Internet Marketers.
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  #10  
Old 07-16-2008, 04:36 PM
jenney316 jenney316 is offline
Amateur Investor
Join Date: Jul 2008
Posts: 77
Default Re: Asdcashgenerator - Asdcashgenerator.com

Quote:
Originally Posted by hyinvestp
smartone, I confirm GreenBackStreet has over 10 years of successful experience. I got this from a reliable source but I believe they were running under another name before. We have to search for this though.

jenney316, I don't get it! What do you want to prove with your images? Does it really matter if it's NOT an office building? and where did you see they have changed their terms and conditions regarding the location where they are incorporated? I've joined this program 3 months ago and since the beginning I've read they are incorporated in the US (they have their Head Office in the US). So again when you make a search, check your sources!
The terms and conditions #29.1 for the last 2 months AT LEAST has said that the terms and conditions are governed by the laws of Panama because ASD is incorporated in panama. Yes, I did know about the Nevada Incorporation, but that's not what they put on their terms and conditions. As a member, aren't you required to read them?! so if you didn't know it said that, then you probably wouldn't know if they made any other changes. That should make you nervous. General advice: Signing and agreeing to things that you don't read thoroughly can get you into a lot of trouble.

Not to mention, signing and agreeing to a contract that says that the powers that be can change the contract at any time in anyway they want can also get you into a lot of trouble.

Changes were made to the terms since the website went down, so my suggestion is for members to check thoroughly and see what else is different. But if you weren't familiar with them in the first place, I guess you wouldn't know the changes.
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