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Around 135 million pesos gone in AdsZens Network Marketing Company? How?
Soriano revealed how the ADSZENS company started. Soriano said,
I remember on May 2012, AdsZens used a different SEC certificate. It used the Unisavers Business Club International, Inc. SEC certificate. It was only on June 2012 when they got a SEC certificate with Ads Zens Broker Corporation as the corporate name.
As what Soriano said, they started with only 3 people:
Where's Romela Nakamura, the company President?
Who are the incorporators of the company?
Those questions remain mysteries.
Soriano said, "Nagkaroon tayo ng alphabetically in order para ma-ipayout po lahat. Hindi po namin ikinakaila sa inyo ang naging transaksyon, manual. Hindi ho tayo naging organized masyado na puro computer. So dahil manual, malaki ang human factor na error diyan. Alam natin yan."
"So hindi maiiwasan yung nagdo-double ng payout. May nagti-triple ng payout."
"May nahuli lang po talaga kami na on-the-spot, niloloko po ang kompanya. Nadamay po talaga lahat."
"Martes, naubusan kami ng pondo sa kahera...Ni report na namin kay Sir Joebert na kulang. Pinacompute sa amin. Oh Noel, kompyutin niyo yung first payout. Ang first payout namin noon sa 825 ay 1.3 million...Alam na Sir Joebert. Papunta na. Si Sir Joebert may dalang 1.3 million na cash. Pambayad sa ating lahat. May pera. Nataon lang na meron po tayong nagloko."
"Meron pong nanamantala. Inireport ni Neri sa akin. Inireport ko naman kay SirKris. Si SirKris habang nasa biyahe inireport rin kay Sir Joebert."
"Nung nalaman ni Sir Joebert, saka siya nagsabi, "Itigil ang payout kung nagdodoble-doble"".
"So wala na ho kaming nagawa ho nun. Yung natitirang pera sa kaha, yun na lang po ang pinamigay sa tao."
Meron pa bang pera ang company?
Soriano said, "Meron po."
AdsZens should be transparent enough to show to the public their current assets and liabilities. If not, then, AdsZens is hiding something that they fear the public might know.
Publicly-listed companies in the Philippines are constantly showing financial reports to their investors and to the public.
Legal MLM companies such as AVON, Amway, Tupperware, Herbalife, etc, are constantly showing their financial reports to the public.
Financial report gives the investors the information whether a company is still financially stable and gives them the idea whether it's good to continue to invest with the company.
But going back to AdsZens, does AdsZens have an accountant who audits its accounting records?
Why did the company stop the payout?
"Ipinatigil lang upang mabawasan yung overpayout po natin"
How many members do AdsZens have?
"100,000 po tayong myembro", said Soriano.
How many members have already been paid?
"100,000 po tayong myembro pero ang lumitaw sa record ng AdsZens ay 18,000 members lamang po ang bayad. Ibig sabihin, kung 100,000 tayong lahat times 1,500 (100,000 x P1,500), magkano?
"150 million. So i-minus mo yung nabayad na 18,000, yun ang nawawala."
In Soriano's statement, it shows that P14,850,000 (or P14.85 million) has been paid to the 18,000 members/accounts.
18,000 members/accounts represents 18% of the total members. Only 18% of the members has been paid.
So, 82% are unpaid.
So how much is lost?
Based on Soriano's statement, "150 million... I-minus mo yung nabayad na 18,000 (members/accounts), yun ang nawawala".
Around 135.15 million pesos has been allegedly lost due to double-triple payout error. Think about that.
So big! The company has the records of those who committed double-triple payout. So they must carefully recheck their accounts.
The members must ask the company if how many members committed the double-triple payout so that they can determine an estimate on how much is really lost.
If AdsZens has 1000 members who committed a double payout? How much is lost?
P1,650,000 is not congruent/equal to the total money lost which is P135,150,000
So, if AdsZens will tell you that 1000 members are committing double payout, its an unreasonable answer.
What if 70,000 members committed a double payout? 70,000 members/accounts represents 70% of the total members.
x P825 (payout)
P57,750,000 total initial payout for 70,000 members
P115,500,000 double payout for 70,000 members
P115.50 million is not congruent/equal to the total money lost which is P135.15 million.
It tells us that it takes more than 70,000 members/accounts to commit double payout in order to equal the total money lost.
So, it's unreasonable if AdsZens will say that there are 70,000 members/accounts who committed double payout.
Therefore, as a member, you must ask, how many members committed double payout?
If AdsZens answers 50,000 members or 70,000 members/accounts, then you know that the company is lying.
You must ask the company in details, how P135.15 million was lost.
Who should be blamed for the lost of 135.15 million pesos?
The company might be blamed for their careless management of accounts. Or the members might be blamed for intentionally creating multiple payout requests/screenshots.
Take note that it's the company who asks repeated payout requests/screenshots from its members in some instances.
I think the bottomline of committing such kind of error is the company's failure to provide systematic, efficient and careful handling of accounts.
Members are just there to follow the company's orders.
Due to double-triple payout error, the company decided to stop the payout. This made the members getting frustrated and confused.
Many questions remain hanging to the members' mind:
These are mind-boggling issues.
More issues to be discussed for the upcoming articles... So watch out.
(Thanks for Nessie Baculo for providing the audio she uploaded at http://soundcloud.com/nessiebaculo/adszens-ptc-update-by-noel.)
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