WorldVentures’ bankruptcy scalps two execs (maybe not?)
WorldVentures’ Chapter 11 bankruptcy has seen two executives quit the company.
Last week WorldVentures COO Michael Poates announced the departure of CSO Eddie Head, and SVP of Global Sales Justin Call.
According to Poates, Head and Call ‘made personal decisions to leave WorldVentures’.
Head had been with WorldVentures for fourteen years. Call for four years. The timing obviously suggests WorldVentures’ bankruptcy was a contributing factor.
Justin Call I’m not familiar with but Eddie Head seemed optimistic about WorldVentures throughout November and December.
In the first video announcing Seacret Direct’s acquisition of WorldVentures, made available on November 12th, Eddie Head stated;
We saw an opportunity for us to create a stable, resilient and reliable business solution for you.
We saw an opportunity to preserve who we were and that we would do altogether.
With a completely open mind … we came up with a solution that we believe is going to excite all of you guys.
Over the course of the next few weeks we’re gonna be sharing with you guys a lot of the details of how this is going to work.
I want you to know a handful of things … the brands of our product are going to stay intact; DreamTrips.
Our events platform and Marc are going to be there to host us at every one of our major events just like before.
And all of your leaders from your PAC team, your IAC leaders, your IMDs, Wayne, Justin, myself, the team that’s been supporting you. All in tow to help you find your best successful path.
Three days before Christmas, on December 23rd, WorldVentures filed for bankruptcy. Eddie Head would quit two weeks later.
On Facebook Head still cites himself as President of WorldVentures. Six days ago however, Head celebrated a Seacret Direct distributor rank qualifying:
If Head has taken on an executive role within Seacret Direct, neither himself or the company have as of yet disclosed it.
With respect to the “are they or aren’t they” status of the Seacret Direct acquisition, a paywalled December 30th article from the Wall Street Journal (paywalled) states;
Seacret Direct is considering making a bid for WorldVentures Marketing LLC, a travel business that filed for bankruptcy recently.
This was revealed in a court appearance on December 23rd, and is a far cry from sureties offered to WorldVentures affiliates throughout November and December.
BehindMLM did cover WorldVentures’ Chapter 11 bankruptcy but didn’t see anything about Seacret Direct in the filings.
Since late November neither WorldVentures or Seacret Direct have issued a public statement regarding the status of the acquisition.
WV social media pages announced that Head and Call are now with Seacret. Not sure what their roles are, but the WV folks are celebrating.
Maybe Seacret has plans for futuring products and services that will never materialize. Maybe the Flye Card 2021.
I see them posting “the game has changed.” I’ve seen this same statement being posted for years now.
They still seem to be certain that they will offer Dream Trips. I can’t imagine a vendor who would do business with anyone associated with the Dream Trips brand.
I’m almost tempted to put forward the bankruptcy is part of a reached backroom deal between WV and Seacret.
Obviously you can’t keep bankruptcy proceedings private but it would explain the secrecy from corporate.
It appears some Shenanigans between WorldVentures, Seacret & Bankruptcy Court are going on.
It’s to good to be true; shed all your debt, hand over all your reps & downlines to Seacret, deliver your VP’s & VIP’s to a competitor and still have something left to re-build from.
As for Flye, even though the emperor had no clothes, employees & reps knowing the technology was outdated when chip cards came out, were expressing to Wayne that Flye would bankrupt the company.
The 1 Million invested into NXT-ID sure didn’t help either.
That idiot Head is acting like he’s someone special in Seacret now.
If they do place him in the higher ranks, expect him to continue to be a moron and wreck this company too.
I think you are right about a back room deal. This bankruptcy took care of the Yiru case.
Seems like the ex WV people are attempting to take over slots from actual Seacret agents.