Alternus Energy Inc. (fka ALTND)

[my2Mustangs]

Link=must read-Lawsuit in France against Fabio/Wor(l)d France?
Maybe, "not verified yet"

Lots of "pros" & "cons."

Here's an interesting comment by someone who claims to have been with Wor(l)d.

=||= Here I have to say something important, I was in the company and I have to say that their products are crap, your phone and your calls are just faster.

You pay 35 a month for just talking a few minutes, is never clear where you can see the real time and also the company only focuses on selling shares and now that of renewable energy, is a complete scam. =||=

If you search for MP-809T in google you’ll understand why their products are crap. They’re nothing but low cost chinese products.

And their PowerClouds thing is only there as a camouflage to hide a PONZI sheme.

It appears that the "new "space" computer is just a new name for their old one, made in China. Just like all the "sweet smelling horsecrap" about AdKash, now renamed AdKoin.




More info on Fabio
http://behindmlm.com/companies/global-mobile-network-review/

Interesting info about the electric panels too.


Here is a SMALL "excerpt" from the "article."

Since this review has been written, many things in the company World Global Network operation has changed… look at this post as an update of the review.

Don’t get fooled – World Global Network is renamed and branched: all these companies are “brothers”: Wor(l)d Global Network (formerly World Global Mobile PLC), Wor(l)d NRG, Wor(l)d GMN, Power Clouds, Wor(l)d AdKoin (formerly AdKash), Wor(l)d Global Group (formerly World Assurance Group) – to name a few @ worldassurancegroup.com

All these comapnies are here to perform various tasks in MLM business established by Fabio Galdi and I will call them together “World”.

Here are some facts changed against the original review:

– Main focus of this MLM shifted from AdKash and “free” VoIP calling on solar power units.

– World has changed compensation plan, business positions and “packages” pricing (web site describing products and their pricing is very vague and it’s hard to elaborate, what are sold products here, who is qualified to buy/resell them, what is the price and what is package content). Don’t rely on original review.

– World has changed the terms and conditions for their partners. E.g. now it’s harder to qualify for commissions.

– World entered a stock market. They’ve bought (an empty) World Assurance company, already quoted at “pink chip” or “penny stock” market: OTC. “Pump and dump” scenario in progress?

– Network of the “branches” of the company (with similar names) has been established, some branches were renamed (some more than once).

– World has new hardware: re-sold branded cheap mobile World Phone 4 (same price as World Phone 3, same cheap China based mobile producer… so not a big change in fact)

Business is spread in Russia, France, Morocco, Czech and Slovak Republic. Target: mostly uneducated small investors and affiliates and enthusiastic MLM entrepreneurs. The main bait is a “guaranteed” income from the solar power units, but this is a big lie.

Let’s look at core business, its efficiency and sustainability. For the sake of simplicity, forget about payout commissions and bonuses for a while.

First – MAIN BUSINESS HERE ARE SOLAR POWER UNITS.

It’s most expensive product in portfolio and you can get highest “passive income” of it. Everything else (AdKash, WorldPhone/Tab, Online Video Conferencing, VoIP calls…) is only “entry level” of business, camouflage and bait attracting partners to buy power units.

You can buy unit for $1200 and “hire” it back to company. You are promised to receive your share – profit on your power unit energy production. You are “guaranteed” to get back $168 per year over the next 20 years (nice 14% per year return of the investment).

So, let’s put away all commissions and bonuses (which are even prettier than this energy production profit) and let’s look at basic business plan calculation:

a) Partner perspective after contract duration:
power unit cost: -1200
business package “master” (mandatory): – 639
“guaranteed” payout: 20 * 168 = +3360
———————–
Total customer balance: +1521 (nice!)

b) Company perspective after contract duration:
Received amount from parter (power unit cost): +1200
Received amount from parter (package “master”): + 639
Power unit purchase and istallation costs: -1200
Paid to partner – “guaranteed” payout: -3360
Feed in tariff – sold energy: +1440
Unknown operating and overhead costs: -xxxx?
———————–
Total company balance: -1281 (company is running into “planned” loss).

A few remarks:

a) Power unit price

A real solar power unit price is lower than $1200. As partner, you are going to buy solar unit for very inflated price. In fact, usual price is 3-4x lower. So here can the company save bucks on partner margin, but still it’s going to yield loss. And the real margin is lower, as the company has to invest into the power unit installation, a power park planning and building…

b) Feed in tariff
Every power unit can produce energy and sell it for $1440. Very important figure and parameter of this business – and kept “secret” or at least “unknown” by World.

This tariff represents the price at which solar energy can be sold in Romania (where only so far built power station is located). This tariff is fixed for the next 16 years and guaranteed by the country government (renewable energy production support programmes).

This figure (feed in tariff) is NEVER admitted and revealed by World itself or by its affiliates. You can get only “Nobody know” or “Don’t care” or “Find it yourself” answers of them.

So even without knowing the operating costs, we can see World is bound to pay more to the investors ($3360) than it can get from the energy production ($1440). A sustainable business? How can they make it? Are there any other resources (other than shuffling entry fees from business packages)?

Mind you:
AdKash (now renamed to AdKoin) does not generate profit at all. Shared profit payout for affiliates watching ads is higher than usual “pay per view” price for advertisers! And again – we did not calculate with the bonuses made by “networking”.

More over: who wants to advertise with a company targeting and forcing the consumers to watch ads by… paying them for watching the ads? Who wants to make a business with CellAd comapny (responsible for marketing AdKash for World) – they don’t have the legal terms for advertisers finished and published after more than 6 month of their operation!

They don’t react to emails about their terms, conditions and pricing… Who wants to have impressive advertising impact about 100 000 users World Wide!

cellad.com/legal/

VoIP and other communication services are heavily overpriced and seems to be used only because partners MUST consume some minimal package to qualify themselves to “team commissions and bonuses”. I wonder if anybody use these services because he found them useful and as “must have from World”.


OUCH