Last year Agloco was launched and there was a ton of hype around it. Everyone from bloggers to college students were trying to get people to sign up claiming you could make money just by surfing the web with a viewbar. Even I made a few posts about Agloco trying to get someone to signup. Because every time you would get someone to signup you would get a percentage of what they made. The viewbar was released in June and it is now October and no one has got paid at all. Will we ever get paid?

After reading Agloco’s latest post on their blog things do not look good at all. First thing that really caught my attention was that Agloco is still operating at a loss!

As you know AGLOCO launched stating it would make Member distributions when it was profitable. On this blog we said we would update you on the company results at the end of the summer. During the last three months, June, July and August, AGLOCO lost slightly more than $100,000. (As you are aware the Development team is still working for free. And also, the Development team and some of their friends are the source of the $100,000 so that AGLOCO can pay its bills.) The AGLOCO losses are getting smaller each month and at this point, we anticipate the September loss will be $10,000 to $15,000.

So they are $100,000 in the hole and still losing money. I thought when they released the viewbar they would be making money, apparently not. If all they have to offer is the viewbar, which has proved to not be successful then what can they do? If they don’t improve things I wouldn’t expect to get paid…ever.

So let’s say Agloco somehow manages to turn a profit, they will be paying you over 10 years! That’s right I didn’t make a mistake…10 years!! What is this the lottery or something? Agloco’s payout plan:

June $0.48 per hour – ($0.0040 per month for 120 months)
July $0.42 per hour – ($0.0035 per month for 120 months)
August $0.54 per hour – ($0.0045 per month for 120 months)

OK so say you’re a mega referrer like John Chow and you have around 5,000 hours for June. According to their system in total they will owe you around $2400, but it is paid over 10 years! So John is only looking at $20 a month for 120 months! Well not all of us are John Chow, say you have no referrals and do the 5 hours per month you are going to get your first check for $100 (the minimum payout) in 100 months! Will Agloco even be around then? Probably not!

This payout system is crap, the idea of them being in debt and still promising a payout is crap. In my opinion Agloco is dead…