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  1. #1
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    May 2014
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    Some interesting details on the WakeUpNow scam's financials

    Hello, all! I've seen lots of posts here about the WakeUpNow scam and am delighted to see so many like-minded folks who've recognized this thing for the pyramid scheme it is.

    I've been actively debunking the scam for about nine months now (predominantly on YouTube, but also here and there on Reddit as well) and have attracted plenty of attention from the various shills and scammers supporting the scheme, including the idiot Gregory Perdriel. It's been fun reading (thanks to you folks) about all of his past exploits in cash gifting scams and MCA.

    There's a pattern with the scheme's supporters on YouTube: they turn up in waves starting at the end of each month (tapering off once the new month begins) and the names always change (except for ol' Greg). In recent months I've taken to beating them over the head with WakeUpNow's 2013 annual report which contains all sorts of juicy tidbits that demonstrate the company is sinking fast.

    The report is available at http://www.otcmarkets.com/otciq/ajax....pdf?id=118605 and if you can stomach watching a shipwreck, it's a fascinating read.

    I can provide the highlights here, though. The company owes about $15 million (mostly to its shareholders, though -- I think there's been a recent pump-and-dump set up as well, since their stock shot from $0.01 per share up to a max of about $8, and is now down to $5.50 and dropping fast again). It posted an annual loss in 2013 of over $4 million. It's lost $10 million in the past three years. It has roughly $600k in assets.

    The company openly admits it has serious doubts it can continue operating as a going concern. They're also terrified of the FTC actually launching an investigation and they're keenly aware of the potential damage to their reputation (and potential exposure to legal liabilities) caused by the actions of its employees and "distributors."

    There's tons of other good stuff throughout. They acknowledge that laws regulating and prohibiting pyramid schemes can interfere with their business, that they've had to borrow roughly $2 million from one of its executive officers to stay afloat this year, that they suffer a horrific turnover rate (lots of dropouts) and that their survival is entirely dependent on increasing recruitment rates and branching out into other countries (to further increase rates).

    I could go on, but I wouldn't want to spoil it all for the patient reader. This company's circling the drain, and I have a decent list of shills who all promised to come back and "prove me wrong" that I'm eager to interview once the company tanks.

  2. #2
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    Re: Some interesting details on the WakeUpNow scam's financials

    LOL ... take a bow senor for doing your homework !!

    those numbers are accurate for the most part and rumors are Cochrane the CEO sunk about
    $160,000 into recruiting scammer gals "SEEMORE GREEN" who is really Eric Turner and his
    cocaine supplier "Greg" out of Miami who claims big income but funny how none of his videos
    match up with his claims

    again .. well done sir !!

  3. #3
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    Re: Some interesting details on the WakeUpNow scam's financials

    http://www.ripoffreport.com/r/Wake-U...rdriel-1098269

  4. #4
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    Re: Some interesting details on the WakeUpNow scam's financials

    these folks are "gooooooooooodddddddddddd" ... notice the phrase "retired at 21"

    Wake up now leaders!! (n. raleigh)

    Attention everyone who is seeking extra income, i am looking for 12 individuals who are hard working, ambitious, and all about money. Please contact me to find out how i am retired young at the age of 21 making residual income. contact me at 919-274-6754

  5. #5
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    Re: Some interesting details on the WakeUpNow scam's financials

    LOL ... King Dipshit out of Dallas got his "intro" below from Damar "Kashed Out" Lumpkin!!

    https://www.youtube.com/watch?v=fcUmWFmX0RY

    CALL ME NOW (949) 212-4141

    I'm Logan Shippy and Im somewhat of a new Independent Business owner for WAKE UP NOW! WAKE UP NOW is a game changer in every aspect!

  6. #6
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    Re: Some interesting details on the WakeUpNow scam's financials

    introducing the THREE STOOGES:

    https://www.youtube.com/watch?v=ii0X5NuFN5M

    featuring Branden "Die Hard" Stringer !!

  7. #7
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    Re: Some interesting details on the WakeUpNow scam's financials

    notice another video WITH THE SAME INTRO:

    http://WWW.NOJOB4EVER.COM AND click "INDEPENDENT BUSINESS OWNER SIGN UP"

    EMAIL ME NOW nojob4ever@gmail.com if you have any questions.

    WAKE UP NOW PROVEN SYSTEM 2014? I'm Joe and I'm somewhat of a new Independent Business owner for WAKE UP NOW! WAKE UP NOW PROVEN SYSTEM 2014 is a game changer in every aspect

    https://www.youtube.com/watch?v=pg-5PzeLVFQ

  8. #8
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    Re: Some interesting details on the WakeUpNow scam's financials

    THE #1 SCAMMER in the industry!!

    Damar "Kashed Out" Lumpkin out of Atlanta ... as dumb as it seems in his video:

    https://www.youtube.com/watch?v=ktI-rf0mzTA

  9. #9
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    Re: Some interesting details on the WakeUpNow scam's financials

    we got us another "$30,000 per monther" ... call Junior .. he'll tell ya that as just told me "I've got income proof in my back office !!"

    WakeUpNow | How It Benefits You | HD | Javin Foncannon

    Published on Mar 14, 2014
    Want to connect with Javin?
    Email ►► wunwithjavin@gmail.com
    Facebook ►► https://www.facebook.com/JavinFoncannon
    Twitter ►► https://twitter.com/JavinFoncannon
    Phone ►►(239) 822-9626

  10. #10
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    Re: Some interesting details on the WakeUpNow scam's financials

    LOL ... dude might be 14 yrs old !!

    https://www.youtube.com/watch?v=mUGC0i0TdCs

  11. #11
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    Re: Some interesting details on the WakeUpNow scam's financials

    WakeUpNow fail to address retail elephant in the room
    May.11, 2014 in That Free Thing
    wakeupnow-logoRetail sales are the lifeblood of any MLM company. Without a steady flow of revenue from people outside of the opportunity purchasing your products, you’re only putting off an inevitable collapse.

    A complete lack of retail sales saw WakeUpNow rack up $3.3 million dollars in losses for 2012. This trend continued and in 2013 the company recorded another loss of $4.5 million.

    No doubt seeing the writing on the wall, WakeUpNow management introduced mandatory retail quotas in late 2013. Forced onto an affiliate-base that had previously been solely focused on affiliate recruitment, these changes were met with mixed reactions.

    Affiliates who had focused on signing up, paying the minimum volume-spend themselves and then recruiting others to do the same were rather unhappy.

    The loss figures above are quoted from WakeUpNow’s own 2013 Disclosure statement, which was the focus of a recent BehindMLM article. Titled “WakeUpNow blows through almost $8 million in two years“, the article looked at the current situation, what WakeUpNow focused on in the statement and what that likely meant for the business going forward.

    In summary, WakeUpNow looked to be pushing more of the same – which I suggested would in turn result in more of the same. That being the ongoing loss of millions of dollars from year to year.

    That evidently didn’t go over too well with WakeUpNow corporate, who were quick to deploy their PR agency.

    The first response came in less than 24 hours by way of a spammy press-release. Written for no other reason than to be linked back to by over-zealous WakeUpNow affiliates, who for some reason can’t quite seem to grasp WakeUpNow themselves author (or at the very least solicit) such works, declares “WakeUpNow passes 100,000 customer milestone”.

    Sounds impressive, until you consider there’s no mention of how many of those customers are retail.

    Furthermore, the maths doesn’t add up either. How does a company with 100,000 customers still manage to lose $8 million over two years? Even the smallest of spends ($10), translates into millions of dollars in revenue.

    Some things need to be considered here. In addition to no mention of retail ratios, WakeUpNow also don’t clarify whether these 100,000 customers are currently active (having made any recent orders), or whether it’s a cumulative number.

    Anyway, it is what it is – a bunch of spam that’s both misleading and ultimately irrelevant.

    WakeUpNow followed up this response with an email sent to me via BehindMLM’s contact form. Well, not from them per say but from Mike Scerbo of Rose Moser Allyn Public Relations, who appear to be working for them.

    Scerbo’s email was anything but personal, containing seemingly recently written spammy press-release that asked me to “consider” the following “key points”:

    A Bright Future For A Different Type Of Direct Sales Company

    WakeUpNow welcomes all constructive criticism. That’s the best way to improve our product and our people. We even welcome criticism from direct marketing critics. However we must take issue with a piece recently published by Inside MLM on May 8th.

    To set the record straight WUN has always made retail sales a priority BECAUSE trends show we are excelling in that area. There has always been a focus on retail as our many affiliates would attest.

    As for not showing massive profits in the early stages, we’re in some pretty good company. Amazon, Facebook, Tesla and others technology companies did not show profits in their early years. WakeUpNow is developing a long term, legacy company and to fulfill this strategy we would rather reinvest in our growing company than make a quick short term profit.

    As for commission generation, the numbers reflect that we are blessed with a very large customer and independent business owner base and only a percentage of them choose to make the commitment of time and energy needed to earn commission.

    However, many of those who do make the commitment have become financial success stories. Regardless of their intent to earn commissions WakeUpNow customers derive real value from the products. There is no cost to become an independent distributor.

    Much of Inside MLM’s article focused on selected items on our 2013 Annual report. That report was honest and comprehensive because we believe in full disclosure. It shows we are honest and optimistic.

    Our sales continue to grow. In the last many quarters, WakeUpNow’s gross sales volume has increased at a substantial rate relative to prior quarters. WakeUpNow attributes this growth largely to improvement in the scope and quality of its product offerings.

    Recently our Energy drink Thunder sold out of the initial order months ahead of expectations.

    WakeUpNow is in business for the long-term, unlike many in the direct marketing firms that make big promises, leave town with a fast buck, and leave affiliates holding the bag.

    We are investing in our company, improving our customers experiences and in a future that will provide long term success.

    We appreciate your consideration of these key points.

    Inside MLM, really…?

    As you can see, yet again the retail elephant in the room is side-stepped in favor of a bunch of irrelevant waffle. Scerbo does mention retail, but in the vague sense that “trends show (they) are excelling in that area”.

    Oh really? Let’s see some numbers then. Enough with this marketing spin bullshit.

    Here was my response:

    Dear Mark,

    “To set the record straight WUN has always made retail sales a priority BECAUSE trends show we are excelling in that area. There has always been a focus on retail as our many affiliates would attest.”

    With all due respect, what an absolute load of horseshit.

    Mandatory retail quotas were brought in in (sic) late 2013 for the sole reason that retail just wasn’t happening. Then a good cross-section of your affiliate-base revolted, because prior to that they’d all been making money solely on recruiting.

    I’m not interested in the PR spin bullshit. You’re welcome to provide 2012 and 2013 retail figures at your convenience (and month on month 2014 if you so wish). Note that the only figures I will accept are revenue from subscriptions sold to non-affiliates (this does not include ex-affiliates, affiliates who have not recruited or affiliates who stopped paying fees).

    If you’re willing to provide this information, please contrast it with the revenue sourced from affiliate subscriptions (internal consumption).

    “As for commission generation, the numbers reflect that we are blessed with a very large customer and independent business owner base”

    The “numbers” show you’re in the hole almost $8 million dollars.

    If that’s WakeUpNow with a “very large customer” base, you’re doing it wrong.

    I applaud the transparency your company has shown in providing the figures, but in and of itself does not excuse them – or change what they reveal.

    Care to make an official loss/profit prediction for 2014 based on your first quarter 2014 revenue figures? Better still, provide those figures to me and I’ll do my own analysis.

    Please do not reply back with anything but correspondence on the points above. If I see a tincan response or excuses, it’s going straight into the spam bin.

    -Oz

    I sent that yesterday, and was going to do the polite thing and give them a week to reply (and provide the requested retail information) before writing a followup.

    As of yet I haven’t received a reply, but that doesn’t mean WakeUpNow’s PR agency have taken the weekend off.

    Published today, WakeUpNow’s latest press-release again fails to provide any clarity on the issue of retail activity within the company. Instead, they do their best to divert attention away from the topic primarily by

    implying BehindMLM is ‘working for or with competitors‘ and
    drawing irrelevant comparisons to Facebook, Amazon, eBay, NuSkin, Herbalife and Usana (WakeUpNow claim they are “on a similar track” to these companies)
    How cute.

    One sentence did catch my eye: ‘WakeUpNow’s revenues have increased in recent quarters’. WakeUpNow attribute some of their losses to re-investing said revenue back into the business. This is of course fair enough, but again …”revenue”, how much of that is retail revenue?

    Three separate responses to the same article highlighting a near $8 million loss over two years, yet none of them provide any hard retail revenue figures or ratios.

    Instead we get a bunch of rosy fluff statements, irrelevant comparisons and marketing bullshit that fails to address the core issue behind WakeUpNow’s demonstrated failure:

    Is WakeUpNow the MLM business opportunity viable on a retail level?

    The only way to ascertain that would be a year on year retail revenue comparison, which only WakeUpNow can provide its investors, affiliates and to a lesser extent myself. That and only that will show that the company indeed is not heading for another straight year of millions of dollars in losses.

    WakeUpNow publishes disclosure documents to provide information to investors. Our company embraces this practice. We believe that transparency and honesty help foster a culture of accountability and integrity.

    The ball is in your court guys. Provide those figures and put the concerns to rest, or continue to publish irrelevant waffle, have your affiliates create childish YouTube campaigns and go on failing to address the core-issue.

    You didn’t lose nearly $8 million dollars over two years because of BehindMLM, your competitors, other MLM companies, transparency, corporate integrity or whatever other nonsense you want to come up with. You lost it because your affiliates weren’t selling your third-party merchant offerings to retail customers.

    Either show tangible proof that changes have been made in this area for the first quarter of 2014 (compared to 2013), or come clean and admit that WakeUpNow is on track to record another year of millions in losses going forward.

    You don’t me anything, but that much you at the very least owe to your investors, shareholders and affiliates.

  12. #12
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    May 2014
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    48

    Re: Some interesting details on the WakeUpNow scam's financials

    Heh! Isn't it fascinating just how fast the company sprang into action to try to "control the spin" on this news? Actually marks the first time (to my recollection) the company itself has directly responded to any criticisms of its activities or behavior. Must have struck a nerve :)

  13. #13
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    Re: Some interesting details on the WakeUpNow scam's financials

    with Seemore Green - aka Eric Turner - and Greg Predriel at the top of the food chain disaster
    was guaranteed to follow

    the drop rate right now is huge as folks are being GUARANTEED $600 PER MONTH .. GUARANTEED THEY WILL BE GIVEN THREE SIGNUPS and then finding out that Level 5 and above are folks FOS and disappear as as the tradition they were taught over at MCA

  14. #14

    Re: Some interesting details on the WakeUpNow scam's financials

    Here's Troy Dooly's perspective of the situation:

    http://mlmhelpdesk.com/whats-all-the.../#.U3O6zXY08fU

    As usual Troy is a consultant for the company. Why he comments on companies that he is associated with is beyond me. Just cements his reputation within the industry.

  15. #15
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    Re: Some interesting details on the WakeUpNow scam's financials

    Quote Originally Posted by noagenda View Post
    Here's Troy Dooly's perspective of the situation:

    http://mlmhelpdesk.com/whats-all-the.../#.U3O6zXY08fU

    As usual Troy is a consultant for the company. Why he comments on companies that he is associated with is beyond me. Just cements his reputation within the industry.
    What's left of it, after his ZeekRewards fiasco...jmo

    When this one goes down...?

    They couldn't make it fly with just services apparently, so they added a nutritionals/repeat consumables...??
    Last edited by ohein56; 05-14-2014 at 03:00 PM.
    As long as it is acceptable for a person to beLIEve that he knows how god wants everyone on Earth to live, we will continue to murder one another on account of our myths. ~ Sam Harris, 'The End Of Faith'
    ~~~~~
    Christianity demands the crucifixion of the intellect.
    ~ Susan Kierkegaard

  16. #16
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    Re: Some interesting details on the WakeUpNow scam's financials

    Dooley is a proven industry whore ...

    give him enough money and he will tout a pile of my bowel movements as an INDUSTRY CHANGER

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