Comments on: Lightyear Wireless The Next Billion Dollar MLM Telecommunication Company

By: Wondering WOW REP??

Wondering WOW REP?? — Sat, 08 May 2010 10:41:46 +0000

OK? A ? for a so called seasoned WOW rep, “How can I as a WOW rep push a product, which I thought to be Great (That’s why I joined!), when we can’t even get the @*^!x** PHONES delivered. I’m at a stand still until I see some equipment show up. I don’t care how awesome the program is! No phones makes this a dead in the water deal right now. If LTY is delivering phones then maybe I did make a wrong decision. Like JB said, “Time will tell!” Anyone want to give a little in site help here?

By: Michael

Michael — Thu, 01 Apr 2010 00:09:20 +0000

Thanks Troy. That language in the 8K, while plausible, is really just disclaimer language. It's the same thing when ALL MLM'S put in their comp plan and business presentation that "Results may vary, we do not guarantee you will make any money.'" MLM's also have income disclaimers, that actually point out that the majority of reps don't make any money. On a bottle of product from a nutritional company, it always says "This product has not been evaluated by the FDA. It is not intended to treat, cure, or diagnose any disease." Before people go knocking companies for putting together a growth strategy, securing capital to build their business, and YES, do it to help the reps, they might want to get an education, or stop being a troll and throwing around Propoganda. And, let the record show, I have not come on here and bashed ANY MLM or competitor. I'm a Presidential Director with Lightyear, and I'm professional enough to want the best for everyone, and realistic enough to know everyone isn't going to join my program. I challenge others to be the same way.

By: Curious

Curious — Tue, 30 Mar 2010 06:54:54 +0000

Hey Matt, how's World Gate doing? Last I heard their financials were in the toilet. Didn't ACN buy Worldgate a couple of years ago? Aren't they the manufacturer of the coveted IRIS 3000 that's supposed to be the future of communications?

Before you attack Lightyear's growth strategy for the future you might want to take a serious look at WorldGate's financial outlook. It's VERY poor!

By: troydooly

troydooly — Mon, 29 Mar 2010 22:26:55 +0000

Most people do not fully understand how to read financial's of public companies. In the next few days we'll do a new review on LY to clear some of these issues up.

By: LY BIGTROUBLE

LY BIGTROUBLE — Mon, 29 Mar 2010 03:19:23 +0000

Originally Posted by RVPMatt View Post
It might be smarter to stop worrying about WOW or ACN and figure an espace strategy from LYA.

Lightyear has Experienced Net Losses, and May Not Be Profitable in the Future.

Lightyear’s business has historically incurred significant losses since inception. As of September 30, 2009, Lightyear had an unaudited members’ deficit of approximately $24,000,000.

While our plan is to reduce our losses in future years, we may continue to incur losses in the current year and possibly thereafter. Such losses would have an adverse effect on our shareholders’ equity and working capital.

Because of the various risks and uncertainties associated with our business, we are unable to predict the extent of any future losses or when we will become profitable, if at all. Unless we are able to secure financing or start to become profitable, we may be forced to cease operations or to seek insolvency protection.
TROY CHECK THIS OUT !!!!!!!!! REPS ARE AT STAKE, ANOTHER G.V???

Well T.H.A.T. can't be too good for Lightyear. To say that the SEC 8-K Filing by Lightyear on February 19, 2010 would NOT be very encouraging to either its Reps or it's customers would be the absolute understatement of the decade.

I clicked on the link RVPMatt posted but it didn't point to anything. This link might work a little better:

http://www.faqs.org/sec-filings/1002…ANCE-CORP_...

If anyone is interested, the first sentences in each paragraph from page 9 on down gives a good snapshot. I guess having all that overhead associated with their much touted corporate headquarters building hasn't done much to help things.

This is a very good example of why Randy Jeffers' business model for Liberty International and now especially for the new sub-division WOW Mobile, is way ahead of the game in terms of keeping expenses under control.

Lets be clear that Lightyear has not stated in the 8-K SEC Filing that it is going belly up. — It only reported, among other things, its current debt of $24,000,000 and warned its customers and shareholders that unless it turns things around and is able to obtain additional financing, it may be forced to cease operations or seek insolvency protection.

It has now become woefully obvious why some Lightyear people decided to go on the offensive and attack WOW Mobile. According to Lightyear's own SEC 8-K Filing, Increasing Competition Could Have a Material Adverse Effect on Demand for the Products and Services Offered by the Company.