It became quite blatant that something was very wrong when AGLOCO did not renew their SSL certificate which is actually not a very expensive thing to do and is an absolute necessity for a company offering money on the internet.
John Chow also thought something was a bit fishy because he took the time and effort to contact the owner of the company who is running AGLOCO and below is their official reply:
We would like to update you on the status of AGLOCO’s operations. We continue to believe in the AGLOCO concept, but our revenue is currently not sufficient to give Members a meaningful distribution. And though there are increases in membership, the resulting revenue is not enough to support operating costs. As a development team we are unable to continue to use our savings to fund the operations. If any Member would like to pursue continuing the operations of AGLOCO, you may contact us at email@example.com.
We would like to thank every Member for supporting our effort to bring a piece of the Internet directly to the user. We hope that we can find a way to keep the operations going.
AGLOCO Development Team
My first thought was how upset some of the people like John Chow will be when they realise that the thousands of referrals that they have painstakingly built up count for absolutely nothing at the end of the day. John Chow had 29,668 members in his referral network.
Where Did It Go Wrong?
The problem is that the people behind AGLOCO do not seem to want to learn from their mistakes, this is not their first dance, they were the same guys behind the ill-fated AllAdvantage venture in the early 2000s.
Companies are simply not going to want to pay high enough fees to have their ads shown on a view bar where they know that 99.9% of people will not bother looking at the adverts never mind clicking them.
There is egg on the face of myself also as I actually plugged them in a post on this very blog, but thankfully not many people took me up on the offer as they obviously knew that it would not last. I obviously have some intelligent people visiting this blog.