Looks like the move over to the OTC-BB didn’t take very long. As of Monday, YTBLA.OB became the new ticker symbol for our Class A Common Stock.
I told you that some critics would be yammering that this was no big deal, or something is STILL fishy and like a book, I found many of the watering holes attempting to discredit what just happened. I even paid a visit to an old board that I grew tired of just to see how some of the old favorite Anti-YTB Zealots would try to spin all this.
True to form, I found one of the most obnoxious and outspoken critics of YTB steeling bandwidth over on Scam.com. I’ve mention this Zealot before. Or should I make that plural? I’m not sure, because this same cat went by the name of MJ363 before he was officially shown the error of his ways last summer and sent packing, only to come back as ChrisN to start his whole “YTB looks like a pyramid” theory all over again.
My guess is that because he could never find anyone who would agree with him as MJ363, he decided to create an alias of ChrisN to make it look like somebody actually agreed with what he was yammering about.
Apparently, YTB managed to slide under the radar of the SEC once again, and the argument is that if the Government would actually look at our Financials we’d be found to be an illegal pyramid scheme.
We’ve been doing this for years and the frustration is that even with all the attention and mud they try to throw up on the internet, the Government is just being slow to catch on. To be honest, I can appreciate that particular theory, but there are instances when it just gets a little too obvious that someone had to have looked at our financial picture and put two and two together the way these Anti-MLM Zealots have.
One of the favorite pieces, that got thrown up all the time, but don’t see much of any more is a Los Angeles BBB report from July 2005 which stated that they believe YTB to be an illegal pyramid. Many confused the BBB as an actual Government entity, and claims that YTB’s days were numbered were running all over the internet. One of the most popular threads that remain on the front page of Scam.com was started on July 14th, 2005. While pyramid theories are still going strong after more than 89 pages of banter and 3500 posts, YTB is still here.
Two years ago, they also came close in July of 2006, when the Attorney General in Florida opened up an “investigation” concerning one of our top producers. It was truly the first sign for them that the Government was finally catching on and our days were numbered. By November, YTB was told that the corporate entity had been cleared, and the investigation was closed concerning our Top Producer without any Civil or Criminal case ever being filed.
If we fast forward to Monday, April 21st, we find that someone of authority gave the all clear to upgrade our company listing from YTBLA.PK to YTBLA.OB. Last I checked the SEC is a Government entity, but apparently we’re back to having YTB slip through the cracks of obvious illegal activity once again, and questions are still swirling concerning inaccurate accounting practices, and questionable “Pump and Dump” by Directors in our company.
And yes, I have been told both here and on various forums that my post on Friday is nothing more than an “opinion” and I have no proof that the FIRNA Member YTB filed with even looked at the forms and paperwork in order to grant this move from Pink Sheets over to the OTC. For some, there are still questions and concerns that have been unanswered, and the frustration for them seems to be mounting, especially after yesterday’s development.
It’s my belief that part of that frustration may stem from the fact that many of the Critics used Yahoo link too, and while there have been years and years of messages, press releases, and financials tied to YTBLA.PK on Yahoo, none of them are working as of Monday morning. Now, when anyone finds a link or thread attempting to provide documentation to what they are talking about, they’ll find a dead link. All those years of posts and links just gone.
I was with my Second Level Director last night, and during the Opportunity Presentation he mentioned something that just made me laugh. With all the attention YTB has been getting these days, all the moves that are analyzed and scrutinized to death, when do you think the Critics might begin to simply tire of all the meaningless activity and just accept the fact that YTB is here to stay?
I guess you’ll have to ask them, but I got to warn you, don’t hold your breath for any answer. YTB is already in it’s 8th year of existence, and while we have only just started to expand Internationally to Canada, Bahamas, and Bermuda, and the OTC-BB listing is only the first step to moving to a National Exchange, some still want to hang on to unanswered questions in a feeble attempts to slow this company down.
All part of the FEAR tactics of the Anti-MLM crowd. Problem is that some are starting to figure out that FEAR is nothing more than False Evidence Appearing Real. Much like Royal Caribbean didn’t produce the onslaught of suppliers pulling the plug, and IATA didn’t stop us from selling, booking, or obtaining commissions on those bookings, now we find that the Pink Sheets didn’t destroy the company either.
One last note before I move on with my day.
I’m pleased to see that either nobody is reading, or that it simply doesn’t seem to matter one iota to any of us in YTB that John Frenaye totally missed the fact that YTB Cars now has an Authorized Dealer in Florida for YTB Cars program on Monday. (It’s archived in the Biz Report in your back office for 4/18/08) I remember the days when this oversight would have produced quite a stir because John missed the mark, once again. Now it appears that like me, nobody really cares what this "Critic" pumps. Like RCCL, IATA, and the OTC listing, the truth eventually comes to light, and there's really very little anyone can do to help educate those that already know all they need to know.
Those of you who are subscribed to my free Newsletter are free to find an archived call on March 13th, and listen in on how this program is moving forward and expanding. (Just click the archived calls on my weekly newsletter.) If you’re not part of this Newsletter and are part of YTB, you’re more than welcome to sign up, it’s free and full of information about all that’s new with YTB. I have all the Newsletters archived through RSS.
I can promise you, it’s going to be a lot more worthwhile than reading any Anti-MLM or Anti-YTB dribble that quickly proving to be nothing more than a bunch of hot air.
Doug & Ronda Bauknight
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Labels: Anti-MLM, Scam.com, YTB Cars, YTBLA