Breaking MLM News, here are the facts form last night’s Global Verge Private Triple Diamond Call.
Last night I have the privilege of being a Fly-On-The-Wall of several Global Verge calls, but the best one was a Private Triple Diamond Call, where the most current and up to date information was given to the top field leaders by Michael Petschel, current CEO of Global Verge, Ben Piilani, CEO of Zer01, Craig Perry, COO of Global Verge, and Steve Lewis (Not sure of his official title).
Ben Piilani, reiterated Zer01 long term commitment to Global Verge, and did make it clear that Zer01 and Global have an exclusive agreement giving Global Verge the exclusive marketing rights to the MLM profession.
Ben, also made it very clear that Zer01 is NOT Limited to Global Verge, and eventually will have their service and phones in big box stores like Sear, Wal-Mart, Best Buy and others.
He, also made it very clear that Global Verge would have the lowest price available. (Which has been one of my concerns.)
Steve Lewis and Craig Perry (the new Global Verge COO) both were very excited that Global Verge has retained World Renown MLM Attorney Gerry Nehra and his law partner Richard Waak.
This in and off itself was the #1 best piece of information I heard last night. Gerry was my corporate attorney when I ran ProSTEP, and is a great friend to the Distributors Rights Association.
If Craig Perry and the rest of the corporate staff will listen to Gerry’s advice then they just might have a chance at getting through these hiccups.
Craig Perry did make it very clear he is bringing in a staff of attorneys and other experts to go after all non-company approved websites and shutting them down.
This again has been one of my major warning signs. When a company allows their reps to dictate the marketing, then the companies never last. This is a great move on the part of Global Verge.
Steve Lewis, also announced that the company was not leaving the reps without a marketing platform. Global Verge will be launching in the near future (not sure what that means) a company controlled online marketing system.
Steve Lewis, also told the Global Verge Triple Diamond Leaders, that Buzzirk Wireless now has 400 of the special Zer01 phones in the warehouse, and that Sim Chips would be in stock within 8 to 30 days. (Not sure why 1 to 4 weeks.)
He also mentioned, that Zer01 has found over 200,000 Ericsson phones which are ready for the Zer01 Sim Chip. (Now sure about that piece of information. Erriicsson just inked a 6 billion dollar deal with Sprint, Sprint might not like them selling phone to a new competitor)
Steve Lewis also explained that the Global Verge credit card processor, had halted their merchant account, when Global Verge started processing thousands of orders per day. Which is why Global Verge asked their reps to use ACH (automatic withdraw from checking accounts).
(On the surface this makes 100% sense. However, there are some outstanding questions about some of the founders and corporate staff, that could have also caused this action.)
As I wrote earlier this week. When a company doesn’t collect fees, they can’t payout commissions. Plus, if fees are not collected, then the Distributor Agreements are not actively enforce, and no commissions are owed.
In layman’s terms, their are a boatload of folks who think they are marketing Buzzirk Wireless, and recruiting folks into Global Verge who are not even active in the compensation plan yet.
Steve Lewis also made another great announcement. Because of all the credit card issues, the company has decided NOT to Charge Cards without Global Verge distributors going back into their Global Verge back-office and reaffirming the fact they want to be Global Verge Reps, and that they want to be charged for Autoship (Not sure what monthly autoship means in this case, since Zer01 mobile / Buzzirk Wireless have not launched a monthly service yet.)
Steve Lewis also made it clear they were giving reps three choices when it comes to receiving commissions.
1. Reps can continue as if everyhing is completely normal (my paraphrase)
2. Reps can cancel everything until they feel Global Verge is rock solid (again my paraphrase) In which case Global Verge will wave the 6 month waiting period and allow the reps back in when they are ready.
3. Reps can stay in the Matrix, but go off autoship and not be entitled to commissions.
This third option is hazy for me. For a company to be legit, they can’t keep commissions from reps on personal sales. Steve Lewis made it sound has if ALL commissions would be with held and not just override commissions from level two and beyond.
All in all if what was said by all the principles involved is true, and they can get all their software, credit card processing, legal and corporate staff issues taken care of, then they should be able to charge cards, pay commissions, and grow a successful company.
However, if they are blowing smoke, and this is just a way to keep from paying back those fees they have collected, before their credit card processor closed them down…
Some folks will go to prison, some will go bankrupt, and others will never show their face in Network Marketing again.
This call was good and the strategies shared do show the company is moving in the right direction.
Never Give Up,