A cloud of uncertainty stays hanging over the introduced WorldVentures and Seacret Direct merger.
Within the meantime, WorldVentures has despatched out an e mail to its associates containing an attention-grabbing “fee clarification” clause.
Final we reported Seacret Direct’s acquisition of WorldVentures gave the impression to be on the rocks. That was on December eleventh and, at the very least so far as I do know, there have been no additional developments.
WorldVentures hasn’t touched their official Fb web page since November twelfth. Seacret Direct’s advertising continues while ignoring the elephant within the room.
Each firms’ associates seem to have been left in limbo relating to the standing of the merger.
In immediately’s e mail replace, WorldVentures has offered associates with a signup course of to turn out to be a Seacret Direct affiliate.
As said, the connection between the 2 firms and what’s going on behind the scenes stays murky.
What WorldVentures associates do know is that in the event that they join as a Seacret Direct affiliate, any commissions owed aren’t a part of the deal.
As per the “fee clarification” clause within the Seacret Direct affiliate settlement;
By choosing “I agree” and by registering as an agent and gross sales consultant of Seacret Direct (“Seacret”), I acknowledge and agree that I’ve been suggested and knowledgeable that I’m registering as a Seacret agent solely, and that Seacret shall be accountable for paying commissions to me based mostly solely upon my sale of Seacret merchandise, items and providers.
I additional perceive and agree that if I’m owed any commissions, funds or different obligations by Spherature Investments LLC, World Ventures Holdings, LLC,World Ventures Advertising and marketing,Rovia, LLC or their associates (collectively, “WV”), Seacret shall not be accountable or obligated in any approach to fulfill WV’s obligations or to pay me any such WV commissions, funds, or different obligations.
I hereby knowingly and deliberately launch Seacret from, and waive any proper to sue or maintain Seacret accountable for any commissions, funds, or different monetary or different obligations owed to me by WV or any help or success providers owed to me by WV and associated to the advertising or sale of WV services and products.
In a nutshell, Seacret Direct gained’t be honoring owed WorldVentures commissions.
That that is on the usual Seacret Direct registration supplied to WorldVentures associates, suggests WorldVentures’ non-payment of commissions is widespread.
The overall greenback quantity owed in unpaid WorldVentures commissions is unknown.
Personally I’d by no means heard of Spherature Investments. I went and regarded them up and apparently that’s the dad or mum firm of each WorldVentures and Rovia.
Company Wiki lists Spherature Investments’ house owners as Wayne Nugent, Daniel Stammen, Michael A. Azcue and Kenneth J. Doherty.
I’m taking it as a right that as a part of regardless of the present settlement is, cash flowed from Seacret Direct to Spherature Investments’ house owners.
Will any of it’s used to pay owed WorldVentures commissions?
Nicely, that’s the (multi?) million greenback query hey.
The Seacret Direct registration clause actually means that WorldVentures commissions will proceed to go unpaid. In any other case why really feel the necessity to level out to anybody who indicators up that Seacret Direct isn’t liable?
And naturally the continued company radio silence from each firms is deafening. What a multitude.
Replace twenty third December 2020 – WorldVentures filed for Chapter 11 chapter on December twenty second, 2020.