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Agloco: The Beginning of the End at Trader’s Narrative




Agloco: The Beginning of the End


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A few weeks ago, I digressed from my usual topic and wrote a public service announcement on a new make money online scheme called Agloco. I was more surprised than anyone, when it made it to the front page of digg and even more so when my host took a licking and kept on ticking.

I thought, I’ll revisit this in a few months when Agloco implodes to have a good I told you so moment and do a Nelson: ‘Ha-Haaaa!’ (point finger).

From the Horse’s Mouth

But it turns out that it won’t take that long. When monitoring my traffic, I noticed many coming from the official Agloco blog. So I went to see what was up and I discovered this message posted by Brian Greenwald (bold is my emphasis):

AGLOCO’s early revenue will not immediately translate into cash distributions to Members. While we do not know how large our initial revenue will be, we do know that AGLOCO has operating costs to pay.[…] As such, the cash payouts will not begin until there is a comfortable balance between AGLOCO’s free cash flow and AGLOCO’s expenses.

I wonder how many of the Agloco pumpers and ‘members’ would go to work at a company that said, Sure, we’ll hire you, but you’ll have to work for months and months… we really can’t say how long… without pay. But we’ll give you a salary just as soon as there is a comfortable balance between our revenues and expenses..

Mmmmm-kay. Riiiiight.

Do the guys behind this crazy scheme really expect people to pollute their screen with the Agloco (still non-existant vaporware) viewbar and not be compensated? … until some, yet unknown, date in the future?

What does “comfortable” mean anyway? And how comfortable would it have to be before a ‘member’ sees a red cent?

And what about all the accounting chicanery that can go on? As much as they like to misrepresent this and say that the ‘members’ own the company Agloco is a private company. And as a private company they are not held to the more stringent standards of disclosure that public companies are.

Not that being a public company ever kept corporations from playing creative games with their books. Ever heard of Enron? WorldCom? Tyco? Global Crossing? Do I need to go on?

Think of the savings! Agloco doesn’t even have to hire $500/hr accountants. They can just present some scrap pieces of paper and say, Umm, sorry guys, not this month. Came close though. Let’s try for next month. Keep surfing (suckers).

Beginning of the End

This is the beginning of the end for Agloco. Before they could’ve succeeded they needed to have a massive base of people using their (still non-existent) viewbar. To begin with the scheme wasn’t all that attractive: a circuitous path through several shifting stages where 5 measly hours a MONTH would be swapped for ‘agloco hours’ (??) and then several other stages to finally reach a pittance of a payment.

But now, who is going to surf, with a viewbar crowding their screen, spewing ads… all for… what? a promise of some kind of payment when Agloco’s non-public accounting is ‘comfortable’? who’s going to expose themselves to the viewbar without knowing when or if they will ever be compensated?

To me and you it might seem obvious that Agloco is done. But human nature being what it is, not everyone will want to acknowledge the obvious. Some will even deny what is in front of their faces and keep on promoting Agloco. But it won’t matter.

As signups don’t convert to downloads and users, it becomes irrelevant when (or if) they ever release this fabled ‘viewbar’ (which, by the way, just missed another release date!) And without a user base, Agloco’s advertisers will pull out since there is no audience.

used car salesman trust me.jpgIf you have an Agloco URL, better start trying to sell it now to some sucker who might think it is still worth something. Within a few weeks or months it will be worth nothing.

“Buddy, Have I got an URL for you. It’s brand new, hardly used. Worth its weight in gold. Trust me, would I lie to you?”

John Chow is in Toronto this weekend. Hopefully we’ll get together for lunch with other area bloggers and see if we can hash this out. It would be very cool to meet John within a week of getting together with Darren and the b5 media team. As the dot com mogul, I know John will insist on springing for the check ;)

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28 Responses to “Agloco: The Beginning of the End”  

  1. 1 bp

    Deprecated: preg_replace(): The /e modifier is deprecated, use preg_replace_callback instead in /home/traders/public_html/wp-includes/functions-formatting.php on line 76

    Ok, I realize Im putting myself out for some PC ridicule, but I use a G4 MAC Powerbook laptop (even to trade on line) and when I go to http://www.agloco.com/ I get a totally blank screen. Not a real good sign. Maybe the end is here already. What I want to know is how are the Agloco people making any money? Fleecing some poor private equity dope? And consider the last 4 letters of the name.. Now that would not pass my PR people’s testing as a positive retail atribute for a company name…. Just my humble opinions….

  2. 2 Babak

    Deprecated: preg_replace(): The /e modifier is deprecated, use preg_replace_callback instead in /home/traders/public_html/wp-includes/functions-formatting.php on line 76

    bp, they were having some issues with their site. But the bigger issue is that this fiasco will be over before it begins.

  3. 3 Tim

    Deprecated: preg_replace(): The /e modifier is deprecated, use preg_replace_callback instead in /home/traders/public_html/wp-includes/functions-formatting.php on line 76

    If this was 1999, they would have a $1bil market crap, uh I mean cap.

  4. 4 CalvinWarr

    Deprecated: preg_replace(): The /e modifier is deprecated, use preg_replace_callback instead in /home/traders/public_html/wp-includes/functions-formatting.php on line 76

    Wow! That is quite a different perspective. I see a lot of logic here, but at the same time, I must point out that everyone thought Fred Smith (of Federal Express fame) was loco for his hub-spoke concept in logistics management. Only when the full picture is revealed and the locomotive starts rolling will we be able to tell for sure if its a crazy loco move or an unstoppable locomotive… :D

  5. 5 Babak

    Deprecated: preg_replace(): The /e modifier is deprecated, use preg_replace_callback instead in /home/traders/public_html/wp-includes/functions-formatting.php on line 76

    Calvin, you’re right, we won’t know for sure until this thing takes off or falls flat on its face. I’m not sure if you can compare it to FedEx though since Fred Smith didn’t start an MLM scheme which attempted to suck in the financially illiterate.

  6. 6 Harogian

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    Hi,
    I’m just starting out in the net biz. I’d had spent some time reading the “small print” at Agloco’s website and come pretty much to the same conclusion as expressed in Traders original comment.

    The clincher for me was reading on their site that members will own 100% of shares, obviously if they were ever issued many people (most ?) would sell so as to get their cash, leading to a collapse in share value.

    What ever happens Agloco will however end up with a valuable asset, a marketing database of fully qualified profiled email addresses, despite their privacy policy the temptation to exploit that database, will probably prove to be too tempting.

  7. 7 Babak

    Deprecated: preg_replace(): The /e modifier is deprecated, use preg_replace_callback instead in /home/traders/public_html/wp-includes/functions-formatting.php on line 76

    Harogian,
    I don’t think they’ll wring anything out of that database. For starters, they’ve already sworn to not spam their ‘members’. Second, if that is how they try to monetize the users will revolt. And third, such a database (basically a list of emails) has a dubious worth. I’m reminded of a company in the bubble years that tried to sell itself based on its vast ‘database’ of emails. In the end it went bankrupt.

  8. 8 Ian

    Deprecated: preg_replace(): The /e modifier is deprecated, use preg_replace_callback instead in /home/traders/public_html/wp-includes/functions-formatting.php on line 76

    There was quite a discussion about agloco on a puzzle site in Australia a few months ago. This is an excerpt from my post there…

    In most aspects, it is relatively harmless and its worth to you depends entirely on your willingness to spend your time deleting spam, and your willingness to put your friends through that same thing. And it blossoms quickly, since the seller of washing machines wants the names of people building a new house, as do detergent manufacturers. God help you if your searches include funeral homes, prams or engagement rings.

    Whether you will ever receive anything but company stock of dubious value remains to be seen. Of course, how much you value your privacy is the main issue.

    Where this type of mechanism has the potential to become outright sinister is when you search the net for information about divorce, incontinence, cancer, depression, alcoholism, or in the extreme, Al-qaeda. That information, thanks to Agloco, is now available to your employer, to insurance companies, and the government. Undoubtedly that information will also be available to individuals (like suspicious spouses) for a fee.

  9. 9 Lisa Coultrup

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    I am a part ( a very small part ) of AGLOCO, and have been reading much about it, came across your blog post concerning it, and wondered if you could point to the post link from the Brian Greenwald whom you cite in your post? I would like to read and post it as well, if it is pertinante to my post which will be up later today.

    Thank you for your help, I enjoyed your post here, and will be re-reading it again, to get the full information out of it.

  10. 10 Babak

    Deprecated: preg_replace(): The /e modifier is deprecated, use preg_replace_callback instead in /home/traders/public_html/wp-includes/functions-formatting.php on line 76

    sure Lisa, it is here

    Look at the third paragraph from the top. If you’re as diligent about getting to the bottom of this as you seem, you’re half way saved!

    cheers

  11. 11 Pocupine

    Deprecated: preg_replace(): The /e modifier is deprecated, use preg_replace_callback instead in /home/traders/public_html/wp-includes/functions-formatting.php on line 76

    I’m still laughing at the idiots pumping this one.

    Some questions I send to anyone unwise enough to try to sign me up. Yes, some of my oldest and wisest friends are accountants and even they fell for it. So, the questions are:

    1 - what are AGLOCO getting paid for?
    2 - can I have the money YOU make for selling MY personal data and viewing stats?
    3 - have you been paid yet?
    4 - shares? what are AGLOCO shares and how do I use them to pay for dog food?
    5 - when AGLOCO take over the internet, suck up all the advertising revenue and cause all advertising funding websites to shut, what will you be looking at on your screen, then?

    LOL - a sucker born every minute.

    keywords: AGLOCO sucker scam multilevel marketing mlm get-rich-quick scumware fools

  12. 12 Regie

    Deprecated: preg_replace(): The /e modifier is deprecated, use preg_replace_callback instead in /home/traders/public_html/wp-includes/functions-formatting.php on line 76

    I have to say valid points were presented and very understandable. Lets start with a statement that everyone will agree… AGLOCO is not for everyone much like antyhing else in this world. Interpretations of what someones said is an opinion and should stay as is untill a hard facts has been presented. What are the facts? Not trusting someone is not a fact. Following a series of clues and hints and trends is not a fact. So I might be right in saying that at this moment untill hard facts are presented, an opinion on one end of the extreme will be as true as the opionion on the other end. If you say AGLOCO will fall flat on its face, you are right. If you say AGLOCO will compete head to head with Google, your are right. I am an AGLOCO member, so no matter how hard I will try not bo be biased, I probably can’t. AGLOCO membership is free and asking someone to place a navigation bar on their browser does not constitute any harm whatsoever in my opinion. Having a google or yahoo bar on your browser doesn’t mean you work for Google or Yahoo. It is there because you like it there and helps you navigate online a little easier. If the people who runs AGLOCO is not true to their words and just a scam artist, obviously AGLOCO will not last and fall as fast as it rises. Those people will make money maybe tons of money. But if they are smart, they will know that they will make 10x even more money if they become honest and AGLOCO survives and runs for many many years. Just my 2 cents.

  13. 13 Bo

    Deprecated: preg_replace(): The /e modifier is deprecated, use preg_replace_callback instead in /home/traders/public_html/wp-includes/functions-formatting.php on line 76

    Lmfao

  14. 14 JDAM_Cid

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    As I read in other blog. The only ones that are getting rich are the antivirus and anti-spyware business.

    Pyramid? Sure bet!

  15. 15 Casey

    Deprecated: preg_replace(): The /e modifier is deprecated, use preg_replace_callback instead in /home/traders/public_html/wp-includes/functions-formatting.php on line 76

    How is it a pyramid? What do Agloco users have to lose? It is free to sign up. It’s just like saying that anybody that uses Google toolbar is involved in a pyramid scheme. Why? Well, because there is a spot on the toolbar that you can use to search Google.

    So…I can use something similar to Google toolbar for free that I don’t even notice anymore…with the possibility of making money. Oh wow, sounds risky! I better uninstall this thing ASAP.

  16. 16 Mus

    Deprecated: preg_replace(): The /e modifier is deprecated, use preg_replace_callback instead in /home/traders/public_html/wp-includes/functions-formatting.php on line 76

    Can you please tell me what exactly do you mean when you said Agloco is a “non-existant vaporware”??? I know I can download it

  17. 17 Babak

    Deprecated: preg_replace(): The /e modifier is deprecated, use preg_replace_callback instead in /home/traders/public_html/wp-includes/functions-formatting.php on line 76

    Mus, I wrote this on April 14th 2007 (check the date). Back then agloco had promised and broken about a dozen self-imposed deadlines for release. Eventually they did release a very buggy and incomplete viewbar. Not that it really matters. The whole thing is crumbling before our very eyes.

  18. 18 happily anonymous

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    I knew that this was going to be a failure as soon as i heard it was the same people who started up alladvantage.

  19. 19 Pocupine

    Deprecated: preg_replace(): The /e modifier is deprecated, use preg_replace_callback instead in /home/traders/public_html/wp-includes/functions-formatting.php on line 76

    techcrunch article

    yes - it is doooomed. wait, that was last year. no, it is still doomed! I just love their get out clauses about why they won’t issue shares to you at all - no really, go read their page on “shareandcash” and get it through your head that what they really mean is “we will use every trick we can think of - including local regulations and share laws - to find reasons NOT to issue you shares”

    nice to see that human nature has not changed and that people are still ready to rip off their friends right to privacy in search of a quick buck aglocotest shows that people are making up numbers, using click-BOTS and doing everything they have always done in these pyramid / multilevel scams. And they are all scams.

    reminds me of that scamware that BEBO used to spam me from my friends email address lists by asking for rights to search their hotmail and yahoo mail address books - if you get a referral from one of these scams send your “pal” a message like this:

    “dear friend YOU HAVE NO RIGHT TO SELL **MY DATA** or infringe on my privacy.”

    If you want to get paid for your friends surfing, go work for an ad-agency!

  20. 20 Ksn

    Deprecated: preg_replace(): The /e modifier is deprecated, use preg_replace_callback instead in /home/traders/public_html/wp-includes/functions-formatting.php on line 76

    Can something bad happen to a agloco member or they are using members just for company profit and to show ads to them? cause if it cant do you no harm then why dont give it a try? you can only get money and not lose anything..

  21. 21 Thomas

    Deprecated: preg_replace(): The /e modifier is deprecated, use preg_replace_callback instead in /home/traders/public_html/wp-includes/functions-formatting.php on line 76

    Agloco just died;

    “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 agloco1@live.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”

  22. 22 Webverzeichnis

    Deprecated: preg_replace(): The /e modifier is deprecated, use preg_replace_callback instead in /home/traders/public_html/wp-includes/functions-formatting.php on line 76

    Thanks for this great article. I have this bookmarked.

  1. 1 What Everyone Ought to Know About Agloco
  2. 2   Hey, diehard Agloco fans, whatever happened to your viewbar? — Make$ Money$ - Truth, no scam
  3. 3 gemiste kansen » Geld ‘verdienen’ met Agloco - ‘Be quiet, be calm… name, rank, and press affiliation, nothing else…’
  4. 4 AGLOCO Viewbar released - Not Impressed
  5. 5 Agloco loko? | Nye
  6. 6 Excellent points to why Agloco will fail, just like AllAdvantage did.


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