Global online depository

Newbie Joined: 04 Nov 2006 Posts: 12

Everything that I have been saying about Global is going to be proven right over time.

Posted: Fri Mar 09, 2007 9:46 pm

Here is the latest from Global Teleconference:

Quote:

Here were the points covered:

1) Because of the ongoing audits for the Nov. and Dec. withdrawals, and because of the re-location (again) of the office back to Union, OR, Jan and Feb withdrawals have backed up....but all will be paid asap.

2) Russ has just returned from Asia where he secured some "strategic alliances" which will insure the future of the company for years to come.

3) 10,000 international debit cards are on order.

4) The company will soon go public.

5) Top priorities at the moment are:

strategic alliances

debit cards

business in a box

going public

6) Business in a Box has had a good start and the company plans on having many more members (agents), all over the globe, helping GO move merchandise.

7) Apologies were made for the recent lack of support and the backlog of e-mails and withdrawal requests, but the company felt that securing business for the long term was and is the highest priority. When they implement a fully automated online accounting system, customer support will improve greatly.

My overall impression of where GO stands is now very favorable. In fact, I even went back into my account and re-set my % to compound again. Seems to me that GO is working hard and is expanding rapidly, which is good, however this quick growth is creating many challenges....glitches in the system that all need to be worked out.

Newbie Joined: 16 Feb 2007 Posts: 44

Levaz,

As I have prior business committments during the Global conference hours, I absolutely appreciate your update here. Information is power, and I find your analysis both heartening and timely.

I may have mentioned this before, but I live in Oregon-----clear across the state, and am planning a business visit to the Lagrande area sometime in late Spring, possibly Summer.

I have written and published business reports for a variety of clients over the years, mostly related to business development and market viability, and my plan was to spend as much time with as many Global folks as I could, and drive to Nevada, if necessary. Then, I will write up a report of my visit.

I would appreciate any direct questions members may wish answered by the Global team. I will most certainly include them in my list.

Thanks again for the insight.

Posted: Sat Mar 10, 2007 12:40 am

uncle sam wrote:

Levaz,
As I have prior business committments during the Global conference hours, I absolutely appreciate your update here. Information is power, and I find your analysis both heartening and timely.
I may have mentioned this before, but I live in Oregon-----clear across the state, and am planning a business visit to the Lagrande area sometime in late Spring, possibly Summer.
I have written and published business reports for a variety of clients over the years, mostly related to business development and market viability, and my plan was to spend as much time with as many Global folks as I could, and drive to Nevada, if necessary. Then, I will write up a report of my visit.
I would appreciate any direct questions members may wish answered by the Global team. I will most certainly include them in my list.
Thanks again for the insight.

Uncle Sam,

Just one correction, the above analysis is not mine. It was posted on a blog by one of the members. I thought that our members would be interested to hear the outcome of the attendance to yesterday's conference.

It would be nice to see the results of your visit. Our members will surely help you on your quest with a bunch of questions.

Levaz

Newbie Joined: 16 Feb 2007 Posts: 44

Well, as the new splash page for Global indicates:

GLOBAL ONLINE DIRECT
A PRIVATE CLUB
Global Is Now Fully Funded

"We are pleased to announce that adequate funding has been achieved. Therefore, new members and new loans are no longer being accepted.

Our attention is focused now on scaling product sales through our existing distribution channels and on growing Business In A Box to its full potential so that we can honor all agreements with our Member/Lenders and repay all existing loans.

Thank you for your kind support and participation. Without you, Global could not have come this far."

My business nose smells a bit of trouble in the air.

It appears that their program "Business-in-a-box has become the vehicle from which they are relying upon to satisfy the loans. Well, OK, but what in the hell is the
business-in-a box program? As a member with a substantial investment, I should know about it. Send me a email loke any other competantly run business would. Something. Don't just use some language to assure me that the repayment of the loans is a high priority with Global. I know that it better be.

There is nothing on the company website about it. Are they pursuing a completely offline marketing/advertising campaign? This company is in need of some serious marketing acumen amidst their ranks? Or, at least, it appears to me as such---but it is early---no coffee yet.

In case you couldn't tell, Global irritates me, because I cannot get on the conference calls----just general lack of info really. But something just doesn't feel right in these old marketing bones....Anybody got the 'golden rolodex', so we can conference call one of the principals? I will gladly pay any expenses involved.

Ideas? Thanks for any input.

Posted: Wed Mar 14, 2007 3:52 pm

I believe the business in a box is similar to franchising, where in interested parties will have access to Global's resources for a fee. This will enable them to target a much larger market, with profit incentives to each seller.

This will result in multiple streams of income - Franchise fees, Marketing tools, and actual product sales.

Just speculating here based on similar terminology used in "concept" Franchise circles.

Levaz

Newbie Joined: 16 Feb 2007 Posts: 44

I'm just afreaid they are not maximizing their resources.

There are plenty of business development folks here in PPP and a few other places, and would no doubt offer services and ideas based on their motivated interest in Global's success.

I've had three out of five programs fail recently-----don't need another one, my investment group is already having a field day at my expense. Literally.

Newbie Joined: 24 Feb 2007 Posts: 28

I'm a member of Global, and did get an email about Business In A Box, don't know why I didn't keep it, but I didn't. It had a link to the site which was pretty plain and obviously unfinished. I can't find it now, unless it's the one with dashes between the words and dot biz, but it looks different than the one I got to from their email, so don't know if it's the same or not. There could be so many variations on the actual web address, it could be hard to find without the link.

My main point is just that there was an email. Are you signed up for the Global Announcements list? That may be how I got the email-

http://globalonlinedirectmail.com/cgi-bin/dada/mail.cgi/list/globalannounce

Newbie Joined: 16 Feb 2007 Posts: 44

Yes, thanks Emily, I signed up for the announcements months ago.

Are you receiving withdrawals from Global?

Newbie Joined: 24 Feb 2007 Posts: 28

I don't know if it's smart or not, but I am compounding right now.

Apprentice Joined: 20 Nov 2006 Posts: 80

emily wrote:

I don't know if it's smart or not, but I am compounding right now.

Why not? I've had a $150 withdrawal pending for 2 mths so I'm not sure you could get any of the money out anyway. :/

Posted: Mon Mar 19, 2007 1:20 am

Propellertop wrote:

emily wrote:

I don't know if it's smart or not, but I am compounding right now.

Why not? I've had a $150 withdrawal pending for 2 mths so I'm not sure you could get any of the money out anyway. :/

Compounding here too - might as well. Have some withdrawals from the last week of Feb still pending. Submitted a ticket yesterday inquiring about the withdrawals.

Levaz

Newbie Joined: 16 Feb 2007 Posts: 44

Yes, I am compounding at 50% also. If all members are compounding, it will be a daunting task when payoff time comes.

Well, hope springs eternal. Good luck to us all.

Newbie Joined: 24 Feb 2007 Posts: 28

This post and the next 3 are from my upline in Global, received Mar 19. They are transcripts of conference calls. I will post them from earliest to latest.

"Below is a series of conference calls as transcribed by my sponsor. Important points: website address and name change (from "Depository" to "Direct") and also they are no longer accepting new members or new loans.

The other important thing to know is the SEC is now perusing the member list, in what will hopefully be the last audit before going public.

Withdrawals are backed up again... they still haven't completed the audit of the accounting mess that was made late last year by some "bad" employees, but now they are late again with this year's requests as well." (note-she goes on to say she has no doubt the withdrawals will be paid)

"Feb 15

Hello Global Friends

Buck and Bry have sent their regards from GERMANY -
their meetings there have been very productive and could promise to further the very bright and
exciting future of GLOBAL .... so things are progressing!!

The Bus-In-A-Box program is a terrific opportunity for any 'size' enterpreneur (from home-based to warehousing) The referral system will create a residual income should you refer others - the integrity of our downlines is maintained.

Shawn Hanes (7-8 global stores in Toronto area) is organizing a 'Global' trip/meeting Apr 27-30 in Boise, Id and LeGrande, Oregon. If you wish to know more, email:"
(note-email addy and phone # given here, removed by emily. If you need them, please pm me).

"Russ has a personal assistant now to help him.

Withdrawals:
-getting caught up with the new software
- if you are having a problem, Please email Russ OR AJ and please include UserName and
ticket number. They can not follow up if they do not have the pertinent information.

E-gold and E-bullion withdrawals: These are still not 'advertised' but if you want one, ask for it in the comments section.

Debit Cards: There is one in the offing but we must wait for the final sanction from Buck or Bry .... sooooooo it's a comin'!! Smile

That's it for now folks."

Newbie Joined: 24 Feb 2007 Posts: 28

"This conf call was posted on Peter Bennett's site, March 11

Good news on Global Online! Details of last night's conference call; things are looking up!

I expect most of you that are in Global Online Depository are aware of the twice weekly conference calls:

CONFERENCE CALLS - HOSTED BY: RUSS DEVAN AND A.J. BURZUK

Russ DeVan and A.J. Burzuk will be hosting conference calls to answer questions about Global. Calls will be held on Tuesday and Thursday nights at 9pm Eastern time (6pm Pacific, 7pm Mountain, 8pm Central). The audio conference dial-in number is 1-620-294-3000. Enter 2603 # when prompted by the operator.

So many thanks to one of my trusted subscribers, who agreed to take some notes for me last night, and they make very good reading, especially in the light of the withdrawal delays and lack of recent updates.

Here's the conference call notes:

Hi Peter,

Ok, was on the call this evening.

Here were the points covered:

1) Because of the ongoing audits for the Nov. and Dec. withdrawals, and because of the re-location (again) of the office back to Union, OR, Jan and Feb withdrawals have backed up....but all will be paid asap.

2) Russ has just returned from Asia where he secured some "strategic alliances" which will insure the future of the company for years to come.

3) 10,000 international debit cards are on order.

4) The company will soon go public.

5) Top priorities at the moment are:

strategic alliances

debit cards

business in a box

going public

6) Business in a Box has had a good start and the company plans on having many more members (agents), all over the globe, helping GO move merchandise.

7) Apologies were made for the recent lack of support and the backlog of e-mails and withdrawal requests, but the company felt that securing business for the long term was and is the highest priority. When they implement a fully automated online accounting system, customer support will improve greatly.

My overall impression of where GO stands is now very favorable. In fact, I even went back into my account and re-set my % to compound again. Seems to me that GO is working hard and is expanding rapidly, which is good, however this quick growth is creating many challenges....glitches in the system that all need to be worked out.

So, Peter, I honestly don't feel that there's anything to worry about with GO. Everyone will feel much better once they catch up on the withdrawal situation.

Blessings,
XXXXX "

Newbie Joined: 24 Feb 2007 Posts: 28

"March 14

Hello Global Friends

By now you know that Global has changed the website name .... https://www.globalonlinedirect.net
Global will eventually gravitate to globalspip.com

Global has been totally funded so NO MORE funds are being accepted for NEW loans. NO MORE SOLICITATION - thanks for all you have done!!

The directions & objecives of the company:
1) sales
2) pay members
3) communication

Global is moving forward very strongly with the Business in A Box - locally and internationally. They are now ready to process the first 1000 BusInABox

Qualifications:
1) Application process
2) Amount of Dollars to be consigned
3) Site still being developed
- Manifest of contents
- Credit Line gets increases as business increases
- Finders Fee to grow program (each time product is paid for) - creates residual income

Mark Witt (V.P.) and wife Shale (sp??) - in charge of programmers are in charge of warehousing & distribution for the Bus In A BOX
There are 3 facilities - Union, LeGrande, Boise

Staff are being pulled from all over the States and being centralized in one location.
Problems are being solved.

The next project for Global is the MEMBERSHIP CLUB and the DEBIT CARD programs

All have ramifications globally.

Global is still working with the investigation and allegations from the lawyer from Penn.

If you wish a warehouse tour, you can get in touch with Mark Witt"
(note from emily-please pm me if you'd like the address or phone #)

"That's it for now folks. "

Newbie Joined: 24 Feb 2007 Posts: 28

Last one:

"Mar 15

Hello Global Friends

Russ again emphasized that Global is fully funded - NO MORE NEW LOANS are accepted. If you send out monies, they will be sent back.

The emphasis for the company is
1) Sales (1st and foremost)
2) Withdrawals - completions in a timely manner
3) honoring loan members/improve communications.

Shawn Hanes will be coming on as staff (Canadian globalliquidationsstores.com - Toronto area - 7 stores)

****** If you have a problem withdrawal ... PLEEEEEASE don't call both Russ & AJ

- Go to help desk and get ONE ONLY ticket number
- email EITHER Russ or AJ with that ONE number and your username and your real name and your problem.
If you must phone Russ - please after 8:00am pct

** Roll-over and consolidation are still in effect for existing members.

There is a VERY INFORMAL investigation by the SEC. Global thinks this is good for us and very confident. This should set aside unbelieving fears that some members are still expressing.
The database of members is made available to the SEC so you "MAY" get a call. Just answer questions with honesty and integrity as is Global. However, do NOT vent your frustrations pertaining to a slow pay-out. YOU will hurt YOURSELF as others.

This WILL PROVE OUR VALIDITY AND INTEGRITY!!!!!
WE ARE IN FULL OPERATION !!!!

Sales will still generate referrals ...
1) Business In A Box (BIAB - my abbreviation)
2) upcoming debit card.

Ron Reddick is the VP of BIAB
BIAB is a direct sales referral program to 10 levels
(NO - this is not MLM - there are NO purchase requirements)
More information at the site:

www.getyourbusinessinaboxnow.com

fill out application

So far - amazing responses from every STATE and every PROVINCE and overseas - England, Australia. GREAT fund-raising program - churches (one church raised $10,000 in one weekend) There are 30,000 Baptist churches in the US with lots of interest.

Do you know any AUCTION houses or perpetual GARAGE sales .... how about smaller retail shops that would like to be able to compete with Wal-mart ... ex: small towns shops
1 'box' could lead to one truckload ... and you could get a commission!!!!

75-80% of the merchandise is NEW.
price point allows one to compete with the big boys.
consignment on the first order - NO $$$ upfront!!!

BIG $$$$$ for you and/or find others!!

That's it for now .... have patience as the company website is going through a name change and the support group is being moved (centralized).

Have a GREAT GLOBAL DAY!!! "

Newbie Joined: 16 Feb 2007 Posts: 44

Emily,

My greatest appreciation to your attention and information you provided.

I am still a bit troubled, however, when I read this:

'The database of members is made available to the SEC so you "MAY" get a call. Just answer questions with honesty and integrity as is Global. However, do NOT vent your frustrations pertaining to a slow pay-out. YOU will hurt YOURSELF as others.'

I have participated in numerous business ventures for the last 30 years. Never has the SEC called with inquiries. Anyone else have a take on this?

Thanks again, Emily. I have sent PM regarding website and contact info you refer to.

Best to us all.

Newbie Joined: 24 Feb 2007 Posts: 28

Yes, I agree about that SEC part, but really it is out of my hands so I will wait and see what, if anything, happens with that. It's hard for me to imagine someone from the SEC calling people, seems laughable, but then I don't know anything about them.
PM replied to Smile

Posted: Mon Mar 19, 2007 10:40 pm

I have had an experience with Ontario Securities Commission, where in they did contact every person on the list of investors, with an investment in a particular project that went sour.

Basically, they just wanted sworn affidavits as to the identity, proof of investment, etc. It has been a couple of years and the person in question has disappeared, and nothing has become of this investigation, except of course, slimmest hopes of recovery were dashed into the ground for sure!

There was money found, frozen and the works. It will all disappear first against investigation fees, penalties and fines. What is left, if at all any, will be distributed - pennies on the Dollar!!

Levaz

Newbie Joined: 24 Feb 2007 Posts: 28

In the case of Global, the SEC is working on passing them as a legit company as I understand it-they are not going after them to shut them down or find lost money, or to freeze our funds.

Posted: Tue Mar 20, 2007 2:45 am

I was sure that the PA case was thrown out of court and the funds were released, that is how they were able to catch up with a lot of the payments from late last year.

Levaz

Newbie Joined: 24 Feb 2007 Posts: 28

This is quoted from an email I got mid-December 2006, that had a synopsis of a conf. call:

"- A civil law suit for millions successfully and totally absolved and all charges dismissed WOW!
A lawyer in Pennsylvania filed a civil suit for millions claiming he represented hundreds of members (there are only 47 in Penn) - all a LIE!! He e-mailed/faxed e-gold and e-bullion (hence our compromised accounts)
Our litigators are the finest and have been able to absolve all (e-gold is up and e-bullion is pending). This is GREAT news!
- Local banks had to be replaced by international banks
- Replacement cheques were needed
- FUNDS are available - the problems have been with the banks/manpower/demands for withdrawals "

Then of course there was the blow-up with all the cards, one of which Global had started using. I'm not cheerleading here or even necessarily standing up for them, but just trying to pass on info. I will say I still have high hopes for them (and my funds). And please remember the above was from Dec. '06.

Newbie Joined: 16 Feb 2007 Posts: 44

Sorry, Levaz, I guess I am missing the meaning of your reference to the 'PA' case. I was aware of C/D issues in North Dakota.....would you kindly clarify?

Posted: Tue Mar 20, 2007 3:55 am

uncle sam wrote:

Sorry, Levaz, I guess I am missing the meaning of your reference to the 'PA' case. I was aware of C/D issues in North Dakota.....would you kindly clarify?

Emily has very kindly posted the case I was referring to!! This info can also be found in several newspapers.

Levaz