At Lyconet/myWorld you can allegedly become a shareholder free of charge by this summer. Every marketer can supposedly obtain shares in just a few “simple” steps: First, accept the general terms and conditions from 2021 in order to participate in the myWorld share program. This point alone has already caused a debate internally, as the new GTCs partially eradicate one’s claims to previous compensation plans.
Additionally, one must purchase a ticket at a whopping 399 euros and be personally present at the Lyconet Elite Seminar taking place at the 7 and 8 July 2023 in Gelsenkirchen, Germany in order to be able to receive 10% benefit of shares on top of one’s personal shares on the spot. The fact sheet also mentions the need for an “upstanding agreement between Lyconet and myWorld”, presumably referring to the recently introduced KYC (know your customer) process.
Marketers have to verify themselves by signing and/or uploading so-called “legal documents” and to go through the process, starting May 11th, the ticket must be purchased which then must be connected to a personal account in the Lyconet-App, all still within this month of April. Then, of course, one must participate in the event to receive the supposed “benefits”; those who do not take part will not receive their shares until October. But what is the benefit if the company is only able to put its “defined business plan” into practice through the funds it will receive in the future?
Is it really free of charge if, as per usual, Lyconet marketers who have already invested in previous programs were put off until the next big sensation is supposed to hit, this time the “IPO”. But now everything has supposedly changed: the myWorld share program fact sheet states that one will receive company shares even if the company does not go public, but then again wouldn’t shares of a business that is stock market ready be much more valuable? Once again, the Lyconet/myWorld players keep their options open in case the IPO fails or delays.
Considering that all investments from past compensation plans will go into the share program, while the members do not know whether they will ever receive their return on investment or not, there is still far too little information about the announced compensations. Distributions processed through the cloud portion of the share program and so-called career points will not start until 2025. Those marketers who, after all the disappointments of the past years, will not participate in the IPO/share program are treated like second-class members, as they are gradually deprived of the opportunity to have their collected points/vouchers and packages remunerated.
This is particularly alarming when the information material on the new “incentive programs” disclaimers state that the points generated through shopping or recommendations have no real value. Moreover, members are obviously deliberately left in the dark by myWorld reserving the right to discontinue or change the program at any time. We are already curious about the upcoming explanations in the chat groups after the elite seminar this July.
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