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AGLOCO goes belly up
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AGLOCO goes belly up

I just got this email.

Dear Gath,

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 agloco1@live.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

So, it looks like all the people who said ‘If it seems too good to be true….’ were right. Looks like I’m going to cancel my order for the ferrari.


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3 comments

  1. Stuart Dec 11

    Hey Gath, tried to reply to your email but it kept bouncing back :P

    I live up in Elsternwick & I’m always in the city having a few beers. Perhaps I’ll pop down to your pub tour some Thursday & we can have a few beers then :D

    Cheers
    Stu

  2. Sameer Dec 14

    hey gath….sup :) howz it going? so you work for a firm or something or are you self employed, the facebook application article was of great help thankie :) *clink(cheers)* thats for the pic right there :p

  3. Misinterpreted Dec 15

    That’s a shame. But at least they told you. I’ve heard some people never got any notice at all.