Comments on: All Eyes On YTB http://www.justpictureitnow.com/2009/03/23/all-eyes-on-ytb/ If You Had More Time and More Money...What Would YOU Do? Sun, 05 Feb 2012 17:59:04 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: YTB “Keeps Going” | Just Picture It Now http://www.justpictureitnow.com/2009/03/23/all-eyes-on-ytb/comment-page-1/#comment-1143 YTB “Keeps Going” | Just Picture It Now Mon, 19 Apr 2010 19:01:45 +0000 http://www.justpictureitnow.com/?p=2433#comment-1143 [...] thing I was looking for but couldn’t seem to find anywhere in the 2009 Annual Report was the “Going Concern” that was slapped on the company during the 2008 Annual Report. I documented last year at that time all the changes that the company [...] [...] thing I was looking for but couldn’t seem to find anywhere in the 2009 Annual Report was the “Going Concern” that was slapped on the company during the 2008 Annual Report. I documented last year at that time all the changes that the company [...]

]]> By: YTB Listed In Direct Selling News $100 Million Club | Team Time Freedom http://www.justpictureitnow.com/2009/03/23/all-eyes-on-ytb/comment-page-1/#comment-861 YTB Listed In Direct Selling News $100 Million Club | Team Time Freedom Thu, 03 Sep 2009 00:30:59 +0000 http://www.justpictureitnow.com/?p=2433#comment-861 [...] Direct Sales is a sham. While YTB’s numbers are fairly straight forward, reporting it’s numbers to the SEC as a publicly traded company, like the travel industry, very few Direct Sales companies do the [...] [...] Direct Sales is a sham. While YTB’s numbers are fairly straight forward, reporting it’s numbers to the SEC as a publicly traded company, like the travel industry, very few Direct Sales companies do the [...]

]]> By: YTB Listed In Direct Selling News $100 Million Club | Just Picture It Now http://www.justpictureitnow.com/2009/03/23/all-eyes-on-ytb/comment-page-1/#comment-856 YTB Listed In Direct Selling News $100 Million Club | Just Picture It Now Wed, 02 Sep 2009 18:26:43 +0000 http://www.justpictureitnow.com/?p=2433#comment-856 [...] is a sham. While YTB’s numbers are fairly straight forward, reporting it’s numbers to the SEC as a publicly traded company, like the travel industry, very few Direct Sales companies do the [...] [...] is a sham. While YTB’s numbers are fairly straight forward, reporting it’s numbers to the SEC as a publicly traded company, like the travel industry, very few Direct Sales companies do the [...]

]]> By: YTB Ranked 25th in Travel Weekly Power List | Just Picture It Now http://www.justpictureitnow.com/2009/03/23/all-eyes-on-ytb/comment-page-1/#comment-698 YTB Ranked 25th in Travel Weekly Power List | Just Picture It Now Mon, 22 Jun 2009 17:55:39 +0000 http://www.justpictureitnow.com/?p=2433#comment-698 [...] travel sales. A few clearly don’t understand the difference between gross sales and actual income generated from those sales reported in our SEC filings. If some can’t comprehend that it takes $424 million in sales to generate $27 million in [...] [...] travel sales. A few clearly don’t understand the difference between gross sales and actual income generated from those sales reported in our SEC filings. If some can’t comprehend that it takes $424 million in sales to generate $27 million in [...]

]]> By: YTB #25th in Travel Weekly 2009 Power List « YTB The Truth about YTB Travel http://www.justpictureitnow.com/2009/03/23/all-eyes-on-ytb/comment-page-1/#comment-697 YTB #25th in Travel Weekly 2009 Power List « YTB The Truth about YTB Travel Mon, 22 Jun 2009 15:47:31 +0000 http://www.justpictureitnow.com/?p=2433#comment-697 [...] actual travel sales. A few clearly don’t understand the difference between gross sales and actual income generated from those sales reported in our SEC filings. If some can’t comprehend that it takes $424 million in sales to generate $27 million in actual [...] [...] actual travel sales. A few clearly don’t understand the difference between gross sales and actual income generated from those sales reported in our SEC filings. If some can’t comprehend that it takes $424 million in sales to generate $27 million in actual [...]

]]> By: YTB Ranked 25th in Travel Weekly 2009 Power List http://www.justpictureitnow.com/2009/03/23/all-eyes-on-ytb/comment-page-1/#comment-695 YTB Ranked 25th in Travel Weekly 2009 Power List Mon, 22 Jun 2009 15:32:07 +0000 http://www.justpictureitnow.com/?p=2433#comment-695 [...] actual travel sales. A few clearly don’t understand the difference between gross sales and actual income generated from those sales reported in our SEC filings. If some can’t comprehend that it takes $424 million in sales to generate $27 million in actual [...] [...] actual travel sales. A few clearly don’t understand the difference between gross sales and actual income generated from those sales reported in our SEC filings. If some can’t comprehend that it takes $424 million in sales to generate $27 million in actual [...]

]]> By: YTB Ranked 25th in Travel Weekly 2009 Power List | Deering Dream Team http://www.justpictureitnow.com/2009/03/23/all-eyes-on-ytb/comment-page-1/#comment-693 YTB Ranked 25th in Travel Weekly 2009 Power List | Deering Dream Team Mon, 22 Jun 2009 15:29:04 +0000 http://www.justpictureitnow.com/?p=2433#comment-693 [...] actual travel sales. A few clearly don’t understand the difference between gross sales and actual income generated from those sales reported in our SEC filings. If some can’t comprehend that it takes $424 million in sales to generate $27 million in actual [...] [...] actual travel sales. A few clearly don’t understand the difference between gross sales and actual income generated from those sales reported in our SEC filings. If some can’t comprehend that it takes $424 million in sales to generate $27 million in actual [...]

]]> By: YTB Ranked 25th in Travel Weekly 2009 Power List « YTB Blogs http://www.justpictureitnow.com/2009/03/23/all-eyes-on-ytb/comment-page-1/#comment-690 YTB Ranked 25th in Travel Weekly 2009 Power List « YTB Blogs Mon, 22 Jun 2009 13:53:55 +0000 http://www.justpictureitnow.com/?p=2433#comment-690 [...] actual travel sales. A few clearly don’t understand the difference between gross sales and actual income generated from those sales reported in our SEC filings. If some can’t comprehend that it takes $424 million in sales to generate $27 million in actual [...] [...] actual travel sales. A few clearly don’t understand the difference between gross sales and actual income generated from those sales reported in our SEC filings. If some can’t comprehend that it takes $424 million in sales to generate $27 million in actual [...]

]]> By: Flip Flop - YTB is a Great Company! « YTB The Truth about YTB Travel http://www.justpictureitnow.com/2009/03/23/all-eyes-on-ytb/comment-page-1/#comment-546 Flip Flop - YTB is a Great Company! « YTB The Truth about YTB Travel Thu, 07 May 2009 19:36:39 +0000 http://www.justpictureitnow.com/?p=2433#comment-546 [...] spun that part of the compensation to our Executives were from travel overrides. (As found in the comments section of a post concerning the 10K) After correcting (once again) that the overrides are from IBC’s from YourTravelBiz.com, not [...] [...] spun that part of the compensation to our Executives were from travel overrides. (As found in the comments section of a post concerning the 10K) After correcting (once again) that the overrides are from IBC’s from YourTravelBiz.com, not [...]

]]> By: TravelPro http://www.justpictureitnow.com/2009/03/23/all-eyes-on-ytb/comment-page-1/#comment-455 TravelPro Mon, 23 Mar 2009 23:10:41 +0000 http://www.justpictureitnow.com/?p=2433#comment-455 Not exhaustive at all. Just wanted to see how badly you botched up what you read. Here’s the quote you're referring to, directly from the pages you specified in the 10K. <blockquote><em>As the increase in travel bookings occur, a preferred travel bonus, or override, is given by certain vendors in addition to commission. The entire anticipated bonus for 2008 has been recorded as travel commission revenue with a corresponding receivable.</em></blockquote> The numbers show that YTB paid out 71.5% of the commissions earned to the field, which included some extra bonuses from vendors to the field, not to Coach as you have speculated. <em><blockquote>J. Lloyd Tomer owns an override on the IBC sales and monthly fees generated by Representative position #1 of our YourTravelBiz.com subsidiary’s sales organization equal to 100% of the monthly commissions and overrides earned by said position #1, paid on a monthly basis.</blockquote></em> Meaning the overrides are from marketing commission buddy. If the override were travel overrides, it would come from TSO’s from YTB Travel Network, not IBC’s from YourTravelBiz.com. But thanks for helping me clarify what you were looking at. It was just as I suspected. Not exhaustive at all. Just wanted to see how badly you botched up what you read.

Here’s the quote you’re referring to, directly from the pages you specified in the 10K.

As the increase in travel bookings occur, a preferred travel bonus, or override, is given by certain vendors in addition to commission. The entire anticipated bonus for 2008 has been recorded as travel commission revenue with a corresponding receivable.

The numbers show that YTB paid out 71.5% of the commissions earned to the field, which included some extra bonuses from vendors to the field, not to Coach as you have speculated.

J. Lloyd Tomer owns an override on the IBC sales and monthly fees generated by Representative position #1 of our YourTravelBiz.com subsidiary’s sales organization equal to 100% of the monthly commissions and overrides earned by said position #1, paid on a monthly basis.

Meaning the overrides are from marketing commission buddy. If the override were travel overrides, it would come from TSO’s from YTB Travel Network, not IBC’s from YourTravelBiz.com.

But thanks for helping me clarify what you were looking at. It was just as I suspected.

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