1Bro Global Scam or not?

1bro scam or not

1Bro Global is a new company said to be launched last October 12, 2012. Owned by Mr. Rico D. Lorredo.
Products are Loading Business, Online Ticketing Business, Express Bills Payment, Money Remittance, Insurance and 1BRO Privilege Card.

Office address: Unit 619, 6th Floor Mega Plaza Bldg. ADB Avenue Corner Garnet Rd., Ortigas Center Pasig City, Philippines 1605

Website: www.1broglobal.com

For their legalities see the pic below.

 This is the best I can get. I do not know if there are readable versions available. It seems they just want us to know that they have them but they do not want us to see and read to investigate.

Compensation Plan

If you want to join you have to pay 3,988php.

There are six ways to earn.

1. DIRECT SELLING OF LOADS - Earn 25% commission incentive on all network.

2. UNLIMITTED RETAILER SIGN UP - Retailers Registration is P200 and load up to 400 Prepaid Products.

3.RETAILER OVERRIDE BONUS -  Dealers Override Comission of up to 2% from unlimited number of retailers!

4.  DIRECT REFERRAL -  Dealer can refer anyone to become a Dealer and earn P500 when they join.

   Ex. 5 Dealers x P500 = P2,500

5.PAIRING BONUS -  Your team is divided into two groups (Teams A and B). You earn P500 per pair in your team.

6.LEADERSHIP OVERRIDING BONUS. 

Earn 10% - from the total income of your Direct Referrals.

 This 6 ways of earning together makes a very lucrative business. The next questions would be, 

1. What are the chances that people can be successful in this system? Remember that compensation plans are only a presentation of its maximum potential, only a possibility, and never to be considered a guarantee. In my opinion this is only good for experienced networkers, It does not have like a feature to help the weaker ones, like a spill over feature to place downlines to the weaker marketer. This will be very bad for starters and the inexperienced.  

2.As I see it, I think this violates DSAP 4rth rule:
"Is there no direct correlation between the number of recruits and compensation?" 

It is important to check if a company pass all those 8 check points published by the DSAP. It is for the public to determine if the company is a pyramiding scheme or not. 

This company is a new one and so its stability is not yet proven. Also, there is only little known about the owner Mr. Rico D. Lorredo. It is important that for us to check the backgrounds of the people behind a company that we are about to join. This will help us to avoid being scammed. 

Disclaimer

The article above is purely composed of questions and opinions based on my own research, critical thinking and common sense. If you wish to add a point, suggest an edit, agree or disagree with me, your valuable comments is welcomed below.. :) 

Is this a legitimate MLM/Networking or a recruitment based pyramiding scheme? Read my other post and you decide.. http://scamornotdebate.blogspot.com/2013/05/mlmnetworking-scam-or-not.html