Bonofa CUBE 7 ?

oliver_t

hi all, was caught on Banner Broker for a few quid, life goes on. Same guy pitched this new venture, while still insisting Banners Brokers is a sound business model:rolleyes:, what a neck! Beware all in cork. Anyone else have any info on Bonofa CUBE 7 in ireland? People in cork involved in this new scam and are they the same people involved in Banners Broker?

rich1874

Yeah I've heard of this in Galway as well. I volunteer for Age Action running computer tutorials and a couple of my students have been talking about this Bonofa Cube 7 thing. One of them asked me to go along with her to a Bonofa seminar at one of the hotels in Galway. I looked it up on-line and curious went along to see what all the fuss was about... now this woman had already sunk about 250e into this thing at the behest of her accountant with the promise of making many times that back when the company 'floats' on the stock market in 2017.. in the meantime she was told.. she can become a Bonofa sale rep and sell 'packages' to other prospective investors.. easy right

Anyway i went along to the seminar, there was maybe about 15 people there (surprise surprise most of them over the age of 60)... very professional presentation, lots of loaded marketing language, very colourful diagrams (all with euro signs at the top of course) and the speaker seemed to talking a lot of sense... like any multi-level marketing scheme once you get in early the profits are yours to make... what was he selling by the way? A website which claims to do EVERYTHING... i mean everything... you can buy, sell, run your business, play games, download music, social network.. he showed some screenshots of the website (which of course is only available at this stage to account holders)... it looks.. basic to say the least.

What i find interesting about Banofa is that when you search for it on Google you are bombarded with positive testimony about what a great opportunity this is (you won't get down to any negative feedback till the 4th or 5th page except for maybe an article in the UK mirror). All of the testimonies look they have been written from a common template... no doubt these testimonies are from early stakeholders who are of course trying to sell accounts to as many people as possible so that they can avail of bonuses further down the line...

In conclusion... this looks like a really elaborate and really well thought out pyramid scheme.. they ensure an even flow of profits up and down the chain but like with any MLM scheme the guys at the start make the money and as they recruit it gets harder for later recruits to make any money.. it's no wonder they are targeting elderly people because to them a product like this sounds too good to be true.. whereas anyone who knows anything about the internet knows that trying to forecast how a product will when it's NOT EVEN FINISHED YET is really dangerous and is a feature of most multi-level marketing/pyramid schemes...

By the way I've asked a few people in the engineering department in NUIG who are involved in e-commerce and social networking research.. guess what.. they've never heard of Cube7 or Bonofa.. and this is supposed to be the future of the web?

I think the seminar i attended is best summed up by a quote from the Simpsons..

''First, let me assure you that this is not one of those shady pyramid
schemes you've been hearing about. No sir. Our model is the trapezoid!''
Shady seminar speaker at `Million$ for Nothing'-The Simpsons

Cute Hoor

Had a look at the website, 'Once they take their company to the stock marketing' hmmmm. My sympathies oliver_t on Banners Broker, fair play to you for coming out and warning people on this one. AVOID imo.

If it looks too good to be true......

zpehtsfd

Check out this link on the website:

http://bonofascube7.com/why-im-no-longer-promoting-bonofa-cube7/

Looks like someone hacked into it and posted this.

tinyjoe

rich1874 wrote: »

Yeah I've heard of this in Galway as well. I volunteer for Age Action running computer tutorials and a couple of my students have been talking about this Bonofa Cube 7 thing. One of them asked me to go along with her to a Bonofa seminar at one of the hotels in Galway. I looked it up on-line and curious went along to see what all the fuss was about... now this woman had already sunk about 250e into this thing at the behest of her accountant with the promise of making many times that back when the company 'floats' on the stock market in 2017.. in the meantime she was told.. she can become a Bonofa sale rep and sell 'packages' to other prospective investors.. easy right

Anyway i went along to the seminar, there was maybe about 15 people there (surprise surprise most of them over the age of 60)... very professional presentation, lots of loaded marketing language, very colourful diagrams (all with euro signs at the top of course) and the speaker seemed to talking a lot of sense... like any multi-level marketing scheme once you get in early the profits are yours to make... what was he selling by the way? A website which claims to do EVERYTHING... i mean everything... you can buy, sell, run your business, play games, download music, social network.. he showed some screenshots of the website (which of course is only available at this stage to account holders)... it looks.. basic to say the least.

What was he selling? a Beta website that isn't finished/started..no. He is selling something else, pay attention ;-) the website is a tiny part of it.

What i find interesting about Banofa is that when you search for it on Google you are bombarded with positive testimony about what a great opportunity this is (you won't get down to any negative feedback till the 4th or 5th page except for maybe an article in the UK mirror). All of the testimonies look they have been written from a common template... no doubt these testimonies are from early stakeholders who are of course trying to sell accounts to as many people as possible so that they can avail of bonuses further down the line...

In conclusion... this looks like a really elaborate and really well thought out pyramid scheme.. they ensure an even flow of profits up and down the chain but like with any MLM scheme the guys at the start make the money and as they recruit it gets harder for later recruits to make any money..

Can you please explain to me how it gets harder for later recruits to make any money..?


it's no wonder they are targeting elderly people because to them a product like this sounds too good to be true.. whereas anyone who knows anything about the internet knows that trying to forecast how a product will when it's NOT EVEN FINISHED YET is really dangerous and is a feature of most multi-level marketing/pyramid schemes...

Targeting elderly people..?? lol..i'm sorry, i don't know where you live, maybe it is a village somewhere with a high population of elderly people but i never saw a meeting with ONLY elderly people, a also never saw a sign like 'no entrance beneath 60 years' or so.. Actually i always see a nice mix of young and elderly people..


By the way I've asked a few people in the engineering department in NUIG who are involved in e-commerce and social networking research.. guess what.. they've never heard of Cube7 or Bonofa.. and this is supposed to be the future of the web?

They are building it up from the start. It's not a 1 2 3 hey hear you have it.
It's very difficult to change their ideas into the real thing, so i give them time.
A lot of testing needs to be done, a lot of unforseen errors and etc. It's very very normal they never heard of it, but that will change very soon.


I think the seminar i attended is best summed up by a quote from the Simpsons..

''First, let me assure you that this is not one of those shady pyramid
schemes you've been hearing about. No sir. Our model is the trapezoid!''
Shady seminar speaker at `Million$ for Nothing'-The Simpsons

Please help me a little bit because i don't see it. Can you tell me the difference between a pyramid scheme and a partnershipnetwork?


With regards,

rich1874

Hi Tinyjoe...

I assume you are a Banofa affiliate... given that you have clearly joined boards just to answer this post and hence quickly quash any negative feedback about Banofa.. if it so great why does my opinion of what i have seen threaten you and your affiliates so much? If the company does what it says it's gonna do then you will be a millionaire and i will have to eat my humble pie right?

I'll just answer your last comment.

Please help me a little bit because i don't see it. Can you tell me the difference between a pyramid scheme and a partnershipnetwork?

Simple. You aren't selling anything except the commission you make from recruiting new distributors (this made up about 90% of the presentation i saw by the way)... the product you claim to be really selling isn't even finished and doesn't look EVEN CLOSE to being finished (with 7million already spent?)... now this would be fine if this was back in 1998 and what you were attempting to build/sell was new and innovative... but guess what? it isn't...


I'll leave you with a direct quote from the FTC

"It’s best not to get involved in plans where the money you make is based primarily on the number of distributors you recruit and your sales to them, rather than on your sales to people outside the plan who intend to use the products."

tinyjoe

rich1874 wrote: »

Hi Tinyjoe...

I assume you are a Banofa affiliate... given that you have clearly joined boards just to answer this post and hence quickly quash any negative feedback about Banofa.. if it so great why does my opinion of what i have seen threaten you and your affiliates so much? If the company does what it says it's gonna do then you will be a millionaire and i will have to eat my humble pie right?

Thank you for the pseudo psychological analysis, really didn't see that one coming ;-) your opinion does not threaten me at all..besides wich affiliates..? You probably seem to know it all. don't be so fast with your judgements because you are more wrong then you probably think. i am not 'pro' nor 'against' Bonofa..i'll try to stay very neutral. I love their idea, i think their idea is genious..BUT can they work their plans out? I don't know..time wil tell, but i don't need to shoot them down before they're actually even started. One thing i know for sure is, if the plans from Bonofa don't work out someone else will start this idea till it works out. Write that one down. Wether i'm right or wrong thats my opinion.
Also the company didn't told me i was going to be a millionaire..my boss didn't either..they mean that you have to work for it, just like with everything else..I know there are still people out there who think they put some money in it, just sit and wait and going to be millionaire..I prefer them another system that already exists and is called 'the lottery'

I'll just answer your last comment.


Simple. You aren't selling anything except the commission you make from recruiting new distributors (this made up about 90% of the presentation i saw by the way)... the product you claim to be really selling isn't even finished and doesn't look EVEN CLOSE to being finished (with 7million already spent?)... now this would be fine if this was back in 1998 and what you were attempting to build/sell was new and innovative... but guess what? it isn't...

I'll leave you with a direct quote from the FTC

"It’s best not to get involved in plans where the money you make is based primarily on the number of distributors you recruit and your sales to them, rather than on your sales to people outside the plan who intend to use the products."

Well, they started first with the foundation, the partnershipmarketing behind all this and as far as i know people who are in gets the tools to help them on the road..that are the first products. have a little bit patience for the roof and all the rest. I'm not a prophet or something like that..don't know the future, i just like their ideas and i believe it makes a chance.

rich1874

Hi Tinyjoe..

Yep you're totally right.. can't predict the future, cube7 could be the best thing since sliced bread so on so forth...

That's not the point and you know it well.. you use the same schpeel i've seen on 50 other so called Banofa promotion websites... the point is that as it stands the only way you can make money from Banofa is by recruiting.. that makes it a pseudo pyramid scheme, it ticks all the boxes. Traditional partnership networks like avon, ann summers etc make money and make sense because they are selling an actual product to people outside of the immediate network without asking them to become affiliates and continue the recruiting chain.. if cube7 promises to be such a great website (and again, whether it proves to be successful or not is not the point) then they should follow the same investment model as the other billion or so successful web applications out there.. ask yourself what is the last successful web application (facebook, ebay, youtube) you saw that asked for recruitment before they even had the damn thing built.. use your head.

And also...

Well, they started first with the foundation, the partnershipmarketing behind all this and as far as i know people who are in gets the tools to help them on the road..that are the first products. have a little bit patience for the roof and all the rest. I'm not a prophet or something like that..don't know the future, i just like their ideas and i believe it makes a chance.

That sounds like quasi religious delusional jargon. How much money have you dropped on this already?

tinyjoe

if cube7 promises to be such a great website (and again, whether it proves to be successful or not is not the point) then they should follow the same investment model as the other billion or so successful web applications out there.. ask yourself what is the last successful web application (facebook, ebay, youtube) you saw that asked for recruitment before they even had the damn thing built.. use your head.


I still think you missed out what they are trying to do.
Since when has a great idea have to follow a certain type of investment?? Look at oculus rift, from where did they get the money..and the real product isn't their yet but hands down it will come on the market.
None of the examples you gave are partnershipnetworks so yeah they don't ask for recruitment. So you know where the big money is flowing..or should i give the names too?
And how do you know so sure they didn't build anything? Because you still don't see what you want to see? If they pull it of tommorow, what is your reaction going to be?

That sounds like quasi religious delusional jargon. How much money have you dropped on this already?

Too little.

Thronegames

rich1874 wrote: »

Hi Tinyjoe..

Yep you're totally right.. can't predict the future, cube7 could be the best thing since sliced bread so on so forth...

That's not the point and you know it well.. you use the same schpeel i've seen on 50 other so called Banofa promotion websites... the point is that as it stands the only way you can make money from Banofa is by recruiting.. that makes it a pseudo pyramid scheme, it ticks all the boxes. Traditional partnership networks like avon, ann summers etc make money and make sense because they are selling an actual product to people outside of the immediate network without asking them to become affiliates and continue the recruiting chain.. if cube7 promises to be such a great website (and again, whether it proves to be successful or not is not the point) then they should follow the same investment model as the other billion or so successful web applications out there.. ask yourself what is the last successful web application (facebook, ebay, youtube) you saw that asked for recruitment before they even had the damn thing built.. use your head.

And also...



That sounds like quasi religious delusional jargon. How much money have you dropped on this already?

#Thanks for the entertainment all you who believe in Banoffi Pie in the Sky. Thanks to all of you who try to get sense into people's heads!

tinyjoe

Thronegames wrote: »

#Thanks for the entertainment all you who believe in Banoffi Pie in the Sky. Thanks to all of you who try to get sense into people's heads!

Banoffi pie in the sky lol, thats a new one! thanks for the big smile.

Kristopherus

tinyjoe wrote: »

Banoffi pie in the sky lol, thats a new one! thanks for the big smile.

GTFO off this forum. Leeches are like you who pry on the vulnerable to get your dosh are just as bad as the drug lords who are flogging coke & heroin.:mad::mad::mad:

tinyjoe

Kristopherus wrote: »

GTFO off this forum. Leeches are like you who pry on the vulnerable to get your dosh are just as bad as the drug lords who are flogging coke & heroin.:mad::mad::mad:

Hey hey heeey, i'm a human just like you who just wants to share his own view on things. Don't be so harsh jeeez.. and now i am as bad as a drug lord? Is that your defence? That says everything..i thaugt these forums are here to have your say.. spoken about leeches.. no problem, i'm out!

hullaballoo

Moderator: tinyjoe, please note that the use of emboldened text is reserved for moderators. I have edited your posts accordingly.

Kristopherus

tinyjoe wrote: »

Hey hey heeey, i'm a human just like you who just wants to share his own view on things. Don't be so harsh jeeez.. and now i am as bad as a drug lord? Is that your defence? That says everything..i thaugt these forums are here to have your say.. spoken about leeches.. no problem, i'm out!

Ah, keep digging, you might even find some oil/gas:D. At least that will be more ethical than preying on pensioners:rolleyes:

tinyjoe

Kristopherus wrote: »

Ah, keep digging, you might even find some oil/gas:D. At least that will be more ethical than preying on pensioners:rolleyes:

yeah yeah, you crack me up..so we go back to the pensioners story..really?? lol, useless. Bye

dublinrugbyguy

OK.....So Lets get this right and clear up a few things here.....People think Bonofa is a scam.....Is that right.....The old Scams you guys are talking about you are right the guys on top make the money.....

If I told you that if you do invest in Bonofa NOW If I don't make that back in lets say 7 months, if you don't I will double fee for the level you joined at. The only thing I do ask is you give me 20mins 5 days a week. You don't have to do anything all you do have to do is have a open minded and click on 5 or 8 links DAILY

And I know guys are gonna say blah blah blah and YES im a bonofa partner. I AM.....

NialloMeachair

I took a look at this in its first intro to Ireland early in 2013. I have previous experience in the MLM industry and a lot of experience in traditional businesses here in Ireland - I currently run my own business. Bonofa when I first viewed it, didn't tick the boxes for me at the time so I walked away.

This option is available to everyone. I did go back in Feb 2014 to see if they had made any advances on their original theoretical proposal and I was happy with the advances and the offering that was on the table and I became a partner.

If its not for you or you don't understand how legitimate mlm companies work then you have two options.
1. Take the stance of learning how it works and join
or
2. Walk away like I did in 2013. No one is there to force your hand and no one is looking to scam their colleagues.

I took an objective approach from the outset weighing up the plus and minus points and made my own decision. Interestingly I did not look at boards to read the uninformed opinions of random strangers - I did however join boards today to write this post just in case someone wanted to read this random strangers opinion.

I hope this helps the walkers to walk more easily. Also for those with questions to take the same objective approach I took each of the times I viewed the business model and make a rational decision based on their own thoughts.

rich1874

NialloMeachair wrote: »

I did go back in Feb 2014 to see if they had made any advances on their original theoretical proposal and I was happy with the advances and the offering that was on the table and I became a partner.

NialloMeachair wrote: »

I took an objective approach from the outset weighing up the plus and minus points and made my own decision. Interestingly I did not look at boards to read the uninformed opinions of random strangers - I did however join boards today to write this post just in case someone wanted to read this random strangers opinion.

Ok, that seems like sensible advice. But tell me this, you went back in February 2014 and said you were happy with what you saw... what exactly did you see because at the moment i see a very weak social media business network that doesn't do ****. Also, it makes me feel warm that you would go to the trouble of joining boards and posting 1 post just to inform us uninformed people. It's great to see that while you off making millions with the best thing since sliced bread you have time to confront a group of 4 or 5 critics on a hack thread. I wonder did Zuckerberg do the same thing when facebook was launched? I doubt he cared because he had a product that actually did what it promised.

By the way, my opinion is not uninformed. I went to the meeting, i saw the product, i talked to the people, this Banofa thing is as it stands an absolute black hole for people to throw money into... If in February 2014 you saw this as a product you wanted to invest your hard earner money then jesus man i hate to see what you think is a bad investment.

It's June 2014 Niall, nearly a year since launch was promised.. where is the product that the people were promised when they invested?

NialloMeachair

In response to the question of what I saw when I went back. The initial viewing was a concept with no usable software or platform. A year later a lot had changed in this regard.

In response to my experience and subsequent posting on this site. I'm delighted to hear you were made to feel warm. Its a lovely feeling.

In response to your Zuckerberg comment. I don't know the man and so I wouldn't like to assume anything about him or his conduct in the early days of Facebook. Although, from what we know of him through the various law suits, documentaries and films made since Facebook hit the big-time, it could be reasonable to assume that he would possibly have said or done something to defend his platform but I doubt boards.ie was on his radar at the time....... I on the other-hand did not invent anything and so I'm not really in the same position to be honest.

My research into what I would spend my money on was a little more diligent than just a meeting and a talk with a few people and so I will again say. If it is not for you you can walk away as I did after my first glance.

Maybe you are right, maybe there are far better things to invest my hard earned money in. I work for myself and it took a serious amount of money to make that happen. I do understand the value of a euro only too well. I did not sign onto boards.ie for an argument but simply to state my experience. I hope my responses have given you some clarity on my position regarding this thread.

Lastly, the company said it would do things in a series of phases. (I could be wrong but, I do not remember promises being made.) Some of their deadlines were not hit but they have completed what they said they would do up to now. I speak only for myself when I say, personally, I am ok with this. If you have specific questions about what the company said it promised I suggest you contact them on behalf of the people you speak of......by the way let me know what they tell you as I am one of those people.

If you have any further questions I can help with, I will. If they are unanswerable, I won't. I wish you well and hope that your path to enlightenment and inner peace through saving people like me from black holes brings you to happiness in the not so distant future.

Oh and thank you for looking out for me. It's very much appreciated.

RGDATA!

footnote:

Bosses of online investment firm Bonofa arrested amid web 'grand fraud' probe

"Up to 60,000 people from around the world are thought to have invested around £15million in this and sister scheme AlphaPool"

http://www.mirror.co.uk/news/uk-news/bosses-online-investment-firm-bonofa-8259521