First, let me say that it is not my intent to speak badly about any company that looks to promote a hemp product, but rather to make sure community members know the facts regarding solicitations some people are getting from a “new” company called “Versativa.”
I have been asked just “who are” these guys and “why” are some hemp networkers now promoting them and not the hemp network. So I really had no choice but to help reveal some facts about “Versativa” so do not make the mistake of falling for the hype.
Fact #1: Versativa is NOT a company. It is a brand name.
To start, let it be known that “Versativa” is NOT a new company at all; it is a “brand name” given to a new product line that will soon be offered by an MLM Company named ForeverGreen. On January 18th 2011 ForeverGreen applied for a trademark for the Versativa name to be used on this new product line.
Their products? Well the flagship product is a 1lb bag of what contains a product that looks like tar balls consisting of Hemp and Fruit that comes in 3 flavors, and you eat it like a snack... watching a video of one of their reps was actually kind of funny. If you looked at their face and did not listen to their forced praise it looks like they were eating sour gummy bears! Could be a great product, what do I know. But I would much rather sell traditional hemp products (seed, flour, coffee), nutritional products (omega, protein), and of course clothing/accessories (belts, bags, etc) than bags of hemp fruit snacks. But hey that is just me.
So when you get a solicitation from someone telling you about this exciting “new company” that is going to be the next “big thing,” realize that there is no new company but rather a new hemp/fruit product being offered by an "old" company.
Fact #2: ForeverGreen is a Financially Struggling Company
If the “old” company was in fact a successful company with a solid track record perhaps I too would still be excited. But it is not; In fact it’s just the opposite.
Who is ForeverGreen? Well to be brutally honest it is a failing network marketing company that has lost money every year since 2005 except one (when it broke even). These are not my personal opinions these are facts as shown in their public financial records.
Here is a quote from the last publicly available Quarterly Report:
“At September 30, 2010, cash decreased to $56,603, we recorded a net loss of $228,730 for the 2010 nine month period and a net loss of $76,718 for the three month period ended September 30, 2010 (“2010 third quarter”). We also had negative working capital of $2,868,824 at September 30, 2010. Our net loss was minimized through effective management of our resources and cost reductions through financial and operational efficiencies.”
“However, the losses and negative working capital raise doubt as to our ability to continue as a going concern.” http://biz.yahoo.com/e/101115/fvrg.ob10-q.html
Again, these are not my words this is an official statement from the management of ForeverGreen themselves. Note this is not just one “bad year” you can look at their financial statements going all the way back to 2005. With the exception of one year they consistently lost money. It is using these facts that I can say they were a “failing company” without feeling as if I am being overly critical. It certainly is not a successful company! So while they have been unsuccessful selling every other product they offer, somehow they are now going to be the “next big thing” selling a new Hemp/Fruit snack? Really, what would lead anyone to believe that?
While perhaps they can turn things around, their track record is not one that anyone who runs a business should be proud of. And I for one would not look to try to build a “hemp business” using a product being offered by a company who by their own admission may not be around that much longer!
Note, if you spend money, time, and energy building a Versativa business and for whatever reason they do not sell enough bags of hemp/fruit gummy bears to overcome the 6 year trend of losing money almost every year... well when they shut the doors and you go out of business too.
It is a harsh reality that many MLMers have built a business only to see the company they were working with go out of business, and they have to start all over.
Fact #3: MLMers “Leaders” are like Pied Pipers
OK, now I will likely step on some toes (sorry) but there is a reason many (if not most) individuals have a bad impression of the network marketing industry. It is the actions just like of those who were once “leaders” with the Hemp Network that turn off most people to the industry as a whole. They basically used the hemp network "idea" and presentation to attract hundreds to the network, then when they were not happy (for whatever reason) they “jump ship” and then openly solicit those who joined the hemp network to join them at some “new deal” where... it just so happens they will financially benefit. Sadly, the “grass is greener” recruiting technique works well in the MLM industry. This is why most never succeed. Many are seduced by the “pied pipers” and follow them from one “deal” to the next and ultimately get burned out and do not even try anymore. Does this matter to the “pied pipers”? Not really. They make their “fast start” profits when they get YOU to join THEM at their new deal.
It saddens me when I see otherwise “good people” fall for these techniques, with promises of becoming “founders” or getting in “at the top”. They in turn do the bidding of the “pied pipers” suggesting how exciting everything is with the “new” deal. But note, the "leaders" that jumped ship, well they have been with ForeverGreen for years before they joined The Hemp Network. So the fact that they “jumped” back does not indicate any wisdom on their part... but rather is par for the course. MLMer trend to move from company to company, disrupting entire hierarchy's to attract pre-qualified individuals from one deal where they do not profit from them to a NEW deal where they do. They do this over and over throughout their “MLM career”.
So you now know who they are (an old MLM company on the verge of going out of business and NOT a new company) you should be better prepared to deal with anyone misrepresenting Versativa as a new company or anything other than “just another MLM deal”. Just trying to keep it real...
Fact is The Hemp Network may not make it! Who knows what the future holds, but when you are being asked to invest time, money, and energy building a business you want to make sure you know the facts as they relate to the financial ability of the company you are helping to build to stay in business to reward you for your efforts.
With The Hemp Network you are indeed working with a “new” company and there are risks (and potential rewards!) for helping to get it started. With Versativa you are trying to save a failing company whose own management is questioning its ability to remain a viable business. Knowing the facts can help you make a good decision and not be misled by hype and the "grass is greener" presentation.
Live Free...Peace, Love, and Hope
Join me at http://thehempnetwork.com/hemp4victory to be part of a “movement”