All in Energy vs XS Energy

[ibofightback]

Is Triple Diamond Greg Duncan breaking Quixtar's no-compete rule? Check out All in Energy vs XS Energy on The Truth About Amway

[joebrueske]

Depending on the corporations agreement between the owners would greatly depend on whether the non-compete clause has been violated. Quixtar has the distributing rights to the XS Energy brand. Nothing more. I would not, however, be surprised if one of the owners told their lawyer, "We want to have the freedom to make other products and sell them to whoever we want. So put something in there so Quixtar doesn't turn around and say we're competing against their business." So he puts something like that. Quixtar lawyers say it looks good, and Quixtar signs.

Now, when the product company comes up with a new idea for a product, or to get around the non-compete clause or monopoly laws, they just make a new company and the new product with that company. I know that's why 3M was able to get so many products out into the market. They'd form a team, create the product (even if it was similar), spin off that team and product into a new company. They could then keep it or sell it. It looks like that's what could have happened here.

If Greg Duncan simply was partial owner with someone else in the CEO position, I would honestly say that there wouldn't be a problem. You can own as many companies as you want, and from what I understand the non-compete clause isn't there to prevent you from being an entrepreneur. The difficulty, I think, will come into play when they start questioning as to how active he is in his Amway business, or is he really spending more time working on other projects which could effect Amway's interests.

[ibofightback]

How much time he spends on his Amway business is entirely his choice, Amway has no say in it. When they have "a say" is if XS start performing badly as a supplier, then they can drop them.

It's a big fat non-issue as far as I'm concerned.

[jerandi]

Oh how interesting. It looks like Greg Duncan has owned XS for a long time. A couple of majors ago he stated "my only income comes from Quixtar and my only Business is Quixtar. I have no other business interest." This is directly Quoted from the CD made from that function. So once again lack of integrity in the leadership is so blatantly obvious. Oh yes this is a violation of the non-compete.

[ibofightback]

Umm, did you even bother to read the article? It is in no way a violation of the no-compete.

As for your claim about what was said "at a major", sorry, but I doubt he said that. His interest in XS has been known since the beginning and is no secret. I suspect he said something different and you've interpreted that way. You don't happen to have the speech on CD/tape do you?

[Truth]

Based on what you posted for the rules I don't see him as violating the rule. Personally as you pointed out I think it's a good thing for XS. Same drink but at a lower cost. Big advantage for any IBO who is near any poker tournaments that this is being advertised at. Customers are already sold on the drink and now you can get it to them at a lower cost.

[joebrueske]

Based on what you posted for the rules I don't see him as violating the rule. Personally as you pointed out I think it's a good thing for XS. Same drink but at a lower cost. Big advantage for any IBO who is near any poker tournaments that this is being advertised at. Customers are already sold on the drink and now you can get it to them at a lower cost.

That's a very good point! It's almost competition that's slanted in our favor! Except, I think their cans are cooler. Plus they use pretty girls on their site. I might buy All In just to get the girls.

[Bridgett]

Oh how interesting. It looks like Greg Duncan has owned XS for a long time. A couple of majors ago he stated "my only income comes from Quixtar and my only Business is Quixtar. I have no other business interest." This is directly Quoted from the CD made from that function. So once again lack of integrity in the leadership is so blatantly obvious. Oh yes this is a violation of the non-compete.

Are you sure it wasn't BRAD Duncan who said, "my only income comes from Quixtar and my only Business is Quixtar. I have no other business interest."

[TWS]

Oh how interesting. It looks like Greg Duncan has owned XS for a long time. A couple of majors ago he stated "my only income comes from Quixtar and my only Business is Quixtar. I have no other business interest." This is directly Quoted from the CD made from that function. So once again lack of integrity in the leadership is so blatantly obvious. Oh yes this is a violation of the non-compete.

Are you sure it wasn't BRAD Duncan who said, "my only income comes from Quixtar and my only Business is Quixtar. I have no other business interest."

I think Bridgett is right. I have never heard Greg say the above comment. In fact, he has always been interested in the product side of things. Hence XS. However, Brad goes out of his way to ensure the vast majority of his wealth is from the business. He's even passed on "mega deals" to show IBOs that they can have his lifestyle which was created from building the business. Brad is very passionate about the process of building this business and the person you can become from that process.