While Blocktrade announces ambitious plans for an IPO, the focus is increasingly on BioNexus Gene Lab Corporation, a struggling company that is itself fighting for survival. Sam Tan is not only presented as a director of Blocktrade, but is also CEO of BioNexus, a company already listed on NASDAQ. It is also rumoured that BlockTrade […]
Crisis management or act of desperation? Hubert Freidl, founder of Lyconet and myWorld, is back in the spotlight – a remarkable development. Internal sources report that he was actually supposed to withdraw from operational areas. But now he is personally holding Zoom calls as if nothing had happened. This sudden return raises questions, because Freidl […]
‘Dear Block Trade Community…’, this is how the announcement of another Block Trade update begins. But before the community turns its attention to the latest developments, some basic information about eCredits and Block Trade should be considered. The crypto world is a field of tension between innovation, risk and a lack of transparency. Two companies […]
We have looked into the tax implications of participating in an MLM company and obtained expert assessments from international lawyers. One thing is certain: if the relevant tax office classifies an economic activity as a hobby, this often has serious consequences. Anyone who thinks this is just a formality or only affects hobby entrepreneurs is […]
Hubert Freidl’s bad news at the beginning of the year about the precarious financial situation of Lyconet is still fresh in the minds of many marketers. Fear for the invested capital is growing, especially among those who once entered the system full of hope. But while many are still worried about their losses, critical voices […]
A recent message in Telegram groups to Lyconet marketers makes it clear how desperately the company and the marketers who make a living from it are trying to keep their downline in line. In the face of growing doubt and increased cancellations within the structure, the message aims to persuade marketers to stay and keep […]
Marketers promise the internal trading platform for the already disadvantaged B shares with restricted transferability an easy and closed solution for buying and selling their shares. But a closer look at the figures reveals serious weaknesses that significantly affect not only liquidity but also pricing and the fairness of trading. One central weakness is the […]
It’s a drama in several acts that has been playing out for years – and is now heading for rock bottom. The latest developments around Lyconet and myWorld reveal a shocking picture of a system that many have already exposed as a typical pyramid scheme. While those responsible around Hubert Freidl continue to hide behind […]
Those who have been harmed by an MLM system are often stunned, disappointed and angry when they realise that the promises made by the company have not been kept. The suspicion of having become a victim of a so-called SCAM is confirmed. The advice often heard in the community is not even to try to […]
A personal commentary by Ben Ecker, CEO of BE Conflict Management Inc. The top leaders of Lyconet/myWorld can no longer ignore the serious problems facing the company. But instead of presenting viable solutions, one thing in particular is becoming clear: a desperate attempt to keep up appearances and maintain the propagated ‘business as usual’ at […]
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