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This guy used a get-rich-quick scheme and got rich
cnn ^ | 2-27-15 | David Goldman

Posted on 02/27/2015 12:44:08 PM PST by FlJoePa

Edited on 02/27/2015 12:56:06 PM PST by Admin Moderator. [history]

You know those crazy get rich quick schemes that supposedly let you become a millionaire from your living room couch? That exact scenario just played out for Eric Martin of York, Pennsylvania.

Last month, Martin read about a new all-the-rage startup retail/tech company called Jet.com, which had been holding a contest to get people to sign their friends up for a preview version of its service. The startup announced that it would give 100,000 shares of the company to the person who signed up the highest number of people.


(Excerpt) Read more at money.cnn.com ...


TOPICS: Business/Economy
KEYWORDS: business; jetdotcom; paping; yorkpa
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I know this young man's extended family very well, though not him. A nicer, more humble, more benevolent, more conservative, Christian family would be hard to find.

I hope this works out for him.

1 posted on 02/27/2015 12:44:08 PM PST by FlJoePa
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To: FlJoePa

There is a much easier course, involving no talent , no morals, and no brains.

Become a congresscritter.

Or better yet, become the president.


2 posted on 02/27/2015 12:45:03 PM PST by Da Coyote
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To: FlJoePa

SELL NOW!!!!


3 posted on 02/27/2015 12:45:50 PM PST by Kartographer ("We mutually pledge to each other our lives, our fortunes and our sacred honor.")
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To: Kartographer

I don’t think he can sell until the IPO.


4 posted on 02/27/2015 12:48:08 PM PST by FlJoePa
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To: FlJoePa

“He noted that the shares are locked up until the company is sold or makes an initial public offering, so he can’t cash out just yet.”

So in reality he is out $18,000 and has nothing to show for it except a piece of paper that says he has 100,000 shares of currently worthless stock.


5 posted on 02/27/2015 12:50:08 PM PST by Blood of Tyrants (True followers of Christ emulate Christ. True followers of Mohammed emulate Mohammed.)
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To: FlJoePa

He’s either a multimillionaire or he’s out $18,000.


6 posted on 02/27/2015 12:53:54 PM PST by Ken H (DILLIGAF)
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To: Blood of Tyrants

Yup. Pretty much. The possibilities are certainly intriguing though, no?


7 posted on 02/27/2015 12:53:54 PM PST by FlJoePa
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To: Blood of Tyrants

precisely. Until they sell....that could be an endless wait. He has shares in a shell corp likely not approved by the SEC.


8 posted on 02/27/2015 12:55:16 PM PST by Louis Foxwell (This is a wake up call. Join the Sultan Knish ping list.)
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To: FlJoePa

They should offer this guy a job...VP of Marketing or something like that.


9 posted on 02/27/2015 12:56:48 PM PST by mac_truck ( Aide toi et dieu t aidera)
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To: FlJoePa

I’m working with a guy I met on the inter web. Seems really nice. He’s son of a Nigerian General who has $50 million locked away in Switzerland. He just needs my bank account and $20,000 to get it released.

I’m waiting for that to pay off ANY DAY NOW!!


10 posted on 02/27/2015 12:57:48 PM PST by PGR88
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To: FlJoePa

It’s a “shopping club”

difficult to tell from their website if it’s MLM (Herbalife, Amway) or a Costo/Sams/Amazon Prime competitor.


11 posted on 02/27/2015 12:58:55 PM PST by nascarnation (Impeach, convict, deport)
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To: FlJoePa
My new book:
How I turned a million dollars in real estate into $25 cash.
-Steve Martin
12 posted on 02/27/2015 1:06:31 PM PST by Veggie Todd (The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants. TJ)
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To: FlJoePa

How to make $4 Million in horse trading:

Start with $10 Million...


13 posted on 02/27/2015 1:08:40 PM PST by rjsimmon (The Tree of Liberty Thirsts)
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To: PGR88

You got scammed, I talked them down to 15k.


14 posted on 02/27/2015 1:13:08 PM PST by MaxMax (Pay Attention and you'll be pissed off too! FIRE BOEHNER, NOW!)
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To: FlJoePa

I feel sorry for the person who spent only $17,000 and came in second. That has to sting.


15 posted on 02/27/2015 1:23:23 PM PST by bubbacluck (America 180)
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To: Blood of Tyrants
So in reality he is out $18,000 and has nothing to show for it except a piece of paper that says he has 100,000 shares of currently worthless stock.

Currently worthless stock that has already secured $220 million of investment money before going public.

Tell the thousands of Silicon Valley millionaires that that's not how it's done.

16 posted on 02/27/2015 1:31:26 PM PST by Talisker (One who commands, must obey.)
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To: Talisker

Well there are winners and losers. So we’ll see if they make it to the IPO stage.
As I posted at #11 it’s hardly a unique concept but who knows?


17 posted on 02/27/2015 1:35:51 PM PST by nascarnation (Impeach, convict, deport)
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To: FlJoePa

Looks like they’re trying to develop a shopping platform or marketplace where retailers can directly sell their products. Since his shares are basically worthless, judging from the look of the pages available on the site plus the enormous competition in this type of platform, my guess is there is less than a 0.00001% chance he will be able to cash in or get his money back.


18 posted on 02/27/2015 1:39:13 PM PST by nonamer
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To: FlJoePa

I hope it works out well for him too. How many shares? 100,000 of 1,000,000 shares is wonderful. 100,000 of 100,000,000 not as wonderful.


19 posted on 02/27/2015 1:39:33 PM PST by Andyman (The truth shall make you FReep.)
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To: Talisker

He still only has a piece of paper. See if he can take it to the bank and get a loan on it.


20 posted on 02/27/2015 1:42:27 PM PST by Blood of Tyrants (True followers of Christ emulate Christ. True followers of Mohammed emulate Mohammed.)
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