Passive…Residual Income Residual income by definition is income earned from a previous effort that continues to pay dividends month after month…year after year for a lifetime. Below are some examples of industries and individuals who continue to earn passive residual income as a result of a one time effort. Recording Artists: The Beatles, ABBA, U2, Pink Floyd, Ray Charles, Frank Sinatra, Prince, Madonna, Guns N’ Roses, Van Halen, Elton John, Dire Straits, Johnny Cash, ELVIS, The Bee Gees, Garth Brooks, Diana Ross and 100’s of other artists and songwriters. Consider the fact that when a CD is purchased, a song is played on the radio, in a movie or downloaded as a ring tone or to an Mp3 player, the singer/songwriter’s continue earning royalties or passive residual income. ABBA for example consistently sells over 3 million CD’s annually to a completely new generation of fans, and they broke up as a band back in 1982. Movies, DVD's, Merchandising and TV Shows: Seinfeld, Cheers, Friends, Survivor, MASH, Bewitched, Wheel of Fortune. These TV shows are now in syndication which generates an ongoing passive residual income for the actors, writers, and producers affiliated with these shows when they were previously on prime time television. How long do you think a show like "Seinfeld" will continue to air on TV? Think of all the movies available for purchase after it has run its course in the theaters, in fact many movies on DVD out perform ticket sales in the theaters. George Lucas literally turned the entire movie industry upside down when he had the foresight to have written in his contract to include exclusive merchandising rights and a percentage of the films gross in exchange for a lower director's salary with 20th Century Fox for his yet to be released sci-fi movie, STAR WARS. The movie execs at the time thought they were taking advantage of poor George because sci-fi movies had been notoriously low grossing films. We all know STAR WARS went on to become one of the highest grossing films of all time and made George a billionaire. The movie executives never made that mistake again; as it ending up costing the studio 100's of millions of dollars in lost revenues. Other Categories: Insurance Agents, Inventors, Real Estate Investors, Authors, Poets, Actors, Broadway Show Producers, Photographers, Software Designers, Computer Game Developers and distributors in Network Marketing to name a few. Imagine being able to write a hit song or a best seller or to create a unique invention or to own several income producing properties; then collecting royalties from these efforts month after month, year after year whether you worked again or not. Imagine the comforts and lifestyle of being completely financially free. As wonderful as it may seem to be famous, the truth is less than 1% of the population has the talent required to achieve celebrity status. As for the remaining 99% of the population, including professional athletes, all trade time for money. Very few individuals can ever become rich trading time for money because there just aren't enough hours in a day to accomplish the objective. Every one has the same 24 hours to work with, so it's the options available to the individual within that 24 hour time frame that can transform a person's current financial picture. Unless you come from a wealthy family or happen to hit the jackpot by winning the lottery, there is only one way that a person can start right where they are; armed with nothing more than some applied consistent effort, and can begin generating immediate profits. That is through the concept of leverage marketing. What is leveraged marketing? Very simply it is the ability to leverage ones time, effort, and resources in order to create a channel of distribution for products or services through a collective effort. By harnessing the power of exponential growth through duplication and multiplication of effort, one is able to effectively produce a significant base of consumers in a relatively short period of time through the collective efforts of the organization. The customer base, which encompasses the representatives themselves, is regularly consuming the products or services manufactured by the parent company. This volume in turn generates overrides and commissions; which equates into passive residual income for the representative. So how do you earn passive residual income in DubLi? Our business model is unique in many ways from the more traditionally known brick and mortar product driven companies in our industry. We in essence do not manufacture any product; instead our product is an online reverse style auction through which we're able to offer name brand products and services. We're more like a service company than a tangible product company. The advantage we have over a traditional brick and mortar company is that we can deliver our product, the DubLi.com auction portal, instantly in multiple languages on a global scale. No waiting for days or weeks for a product to arrive in the mail. Also our business model makes it possible for us to respond quickly to our customer's needs and future products and buying trends. The sky is the limit as far as shopping is concerned at DubLi. In simple terms what DubLi pioneered is a radical invention known as a "reverse auction". It is simply an auction portal on the internet through which customers can purchase name brand products and merchandise from the best known manufacturers in the world. What's ingenious about the concept is that the more people bid on a particular item using "Credits", the lower the price becomes. This creates a fun and frenzied atmosphere where people are almost competing with each other over who can get the best deal. The merchandise that we stock comes from a literal who's who in the manufacturing business; companies like BMW, SONY, Panasonic, Apple, Hewlett Packard, Calloway, Louis Vuitton, Gucci, Burberry, COACH, DeLonghi, Braun, Cuisinart, Wal-Mart, Target, Xbox, PlayStation, Nokia, Motorola, LG, Samsung, Toshiba, and LEGO just to mention a few. These companies are for the most part all household names and are embedded in our social consciousness. It is not necessary to convince or educate anyone about doing business with any of these companies or the products that they manufacture. In fact, how many of you have bought from one or more of these companies in the past? Often your friends are already looking for or are interested in purchasing some of these name brand products. You are just directing them to where they can purchase exactly what they are looking for a good price. How much do you need to know from DubLi about SONY? Hewlett Packard? Nokia? Apple? Samsung?--absolutely nothing: because their traditional marketing campaigns do all the selling for us. Every single product you see in our auctions is already in stock at our warehouses, so there's never a back order. It costs nothing for a customer to register at DubLi.com and there's never an obligation to make a purchase. All the customer has to do in order to potentially take home a great deal at DubLi.com is be willing to spend 1 "Credit", worth $0.80/€0.50, in order to reveal a price that will often be a fraction of the suggested retail price. DubLi.com is actively involved in helping our business associates acquire customers. The customer is the lifeblood of our business and is the engine that generates the residual income stream. All the business associate has to do is type in a persons name and email address at their DubLi.com website, click on submit, and a professional email is on its way to their potential customer. When the customer registers, they are automatically linked to the business associate who sent them the email. The company even offers the associate the option of adding a special voucher in the email that includes some free "Credits". After the customer has registered, they can redeem the credits and use to them to bid at their DubLi.com website. The automated invitation approach makes it easy to quickly reach a large number of people in your center of influence. People love to get something for free and they also love to get gifts. With the voucher, you are giving them the opportunity to have the DubLi.com experience first hand without spending a cent. The job of the associate is to simply direct potential customers to their DubLi.com site where the customer can get tremendous bargains on name brand merchandise that they're going to buy anyway. The best part is the most it's going to cost the customer is $0.80/€0.50 per bid. Below is an illustration depicting an ideal combination of business associates and customers in a collective community and the potential commissions that could be earned. The organizational model is intended solely for illustrations purposes only and implies no guarantees. In this scenario, the Business Associate (BA) at the top has registered 75 customers and has enrolled 3 BA's who have each registered 75 customers. These initial 3 BA's have duplicated what the BA at the top has done by recruiting 3 BA's each who have each registered 75 customers. The average customer spends approximately $25/€20 per month on DubLi Credits. 75 Customers x $25/€20 = $1,875/€ 1,500 x 25% = $469/€375 per mo 12 BAs x 75 Customers = 900 Customers x $25/€20 X 5% = $1,125/€900 per mo Total                                                                  = $1,594/€1,275 per mo In this illustration there are only 12 business associates in the entire organization, however each has a customer base of 75 which is just slightly above our average of 72 per associate. This potentially provides a passive residual income of $1,594/€1,275 per month. In comparison, the average earnings per associate is typically around $9/€8 per month. If that were the case the earnings in this illustration would drop from $1,594/€1,275 to $108/€96. DubLi Network's business model was designed to reward the business associate handsomely for acquiring a solid base of customers; which is in complete contrast to the majority of companies whose compensation model focuses primarily on the recruitment of representatives. It's easy to build a team that will grow into the 100's because of the ease of acquiring customers; which automatically attracts business builders.   You're in for a pleasant surprise when you see how fast it spreads to others outside your center of influence; especially when one or more of your customers gets a red hot deal on something they really wanted. Almost immediately they're telling all their friends about their experience with DubLi.com and how much money they saved on that new 40" flat screen TV over coffee at Starbucks. Before you know it, you've got a flood of new visitors coming to your website. All are registering just because one or two customers had a positive experience. Now you're the sole beneficiary of perhaps 50 new customers or more. DubLi Network is fast emerging as the ultimate viral marketing machine. It is a very simple system and it is easy to duplicate.  It's fast, effective and that's why our customer to associate ratio is amongst the highest in the industry; a staggering 72:1 ratio. Sometimes it takes getting out of your comfort zone.  The more the DubLi.com story is shared, the faster your business will grow; both in customers and in associates. Once someone becomes a customer, the company quickly goes into action. Dubli collects the money for the "Credits", ships any merchandise that's purchased, and continues to follow-up with your customers on a regular basis through email and informative newsletters. The best part is that our business associates are amply rewarded with generous referral commissions every time their customers purchase "Credits" month in and month out. The Key Component to Accelerated Growth is Duplication. DubLi Network's overall business model is extremely simple and easy to comprehend. Because of this, the business associate is comfortable sharing the concept with their peers; which accelerates duplication. At DubLi.com a brand new representative can expose a new client to the business model and within minutes after that initial exposure, have the client be able to confidently and accurately explain it to one of their peers. This is a huge advantage for DubLi in the marketplace. If an individual is willing to put in the necessary time and focused effort into building a base of customer's and associates and then teach their associates to do the same, the duplication process will start. In a very short period of time the effort you put into the business will begin to multiply exponentially and it can become substantial. Here's a formula that holds true to this day; 'The Three Stages of Growth'. In stage 1 of the business, the individual is underpaid for their efforts because they are just starting the business. The individual is putting in the required effort by consistently generating new customers and recruiting new business associates, but they're not yet seeing the fruits of their labor. In stage 2 of the business, the individual is breaking even with the profits earned from the business. There is an undercurrent of momentum taking place in the organization as the business associates you previously recruited are starting to generate new customers and recruit new associates. Next is stage 3, and this is the best stage of all. The organization is beginning to mature with new customers and associates joining in mass every day, and now you are being seriously overpaid for your efforts. Congratulations! Imagine being able to earn as much money in a month as it used to take in a year to earn. Many individuals in this industry, who started out by investing less than $500.00 in their business and had no formal education or previous business experience, have become multi-millionaires in leveraged marketing. When you join a company who markets their products or services through a network of independent affiliates, the company itself is creating leverage by wholesaling its products or services to potentially 1000's of people with little or no marketing experience. The affiliates become the company's customers because most of them will consume the products or services being sold. In our industry this is commonly referred to as an internal consumption company. The affiliate has certain privileges when joining like the option of building a customer base and or affiliate base in order to generate a larger sales volume than what could be created by individual effort alone. As an example, would you rather earn 100% from your own efforts or earn 1% from the efforts of a 100 people? The latter can make you rich, while your own efforts will make you a living. Creating Leverage is the Key to Wealth. Leveraged marketing is one of the best business models for the average person who is serious about becoming financially independent. As an industry, leveraged marketing doesn't require a person to start out with lot of capital. In most cases you can begin a business for a few hundred dollars and it doesn't require a formal education or years of business experience. The majority of people who join our industry start out on a part time basis and begin learning how to work the business in their spare time; allowing the person to earn while they learn. The rule of thumb adopted by most people is when the level of income equals or surpasses the income from a person's current job, it is then time to make decision to work the full-time. Leveraged marketing is a very simple business to operate successfully because there are few moving parts. It is not an easy business to operate, but it is a simple business to operate and here's the big difference. Owning and operating a traditional business or franchise entails securing working capital, locating an office space or building to rent, hiring employees, stocking inventory, insurance, taxes, payroll, advertising, and a lot more.  Even after doing all of this there is no guarantee of success. The fact is that the business owner is usually the first one to arrive in the morning and the last one to leave at night! The scary fact is that the odds of succeeding in your own business are heavily stacked against you; statistics from leading experts indicate 95% of small businesses fail within the first 5 years. So why burden ones self with all the unnecessary risks of owning a traditional business when a person can choose a good leveraged marketing company who has already absorbed the majority of those risks on their behalf. Many professionals from all walks of life are becoming more and more attracted to the benefits of leveraged marketing because many have become literal slaves to their profession. They're looking for something more than just the pursuit of money, they’re looking for the intangibles this industry offers like freedom and independence.  More importantly leveraged marketing provides something professionals treasure more than money and it's called TIME.  What good is it to earn a lot of money if you have no time to enjoy it? Now perhaps you can get a sense why leveraged marketing companies account for nearly $100 billion dollars (about 75 billion euros) in annual sales and have in excess of 10,000,000 individuals from virtually every country in the world participating in the industry. The benefits of becoming involved in leveraged marketing are numerous; for example tax advantages and taking control of your life but beyond that, it is an industry of sharing information. That's right, if you are willing to learn how to do our business, you can make a very good living at it. However, if you're willing to share and teach what you learned with others this could make you very wealthy. It's all about duplication. Notice it is not about saying anything about selling or convincing people. Many misunderstand the grass roots of our business model and therefore fail to embrace the qualities which can transform their life as they know it.

What is a Reverse Auction? How does it Work? In order to properly define the unique characteristics of the 'reverse auction' and why it has become one of the most lucrative auction models in the world, it is important to touch upon one of the more familiar auction sites you'd typically see on the interne like of eBay, eBid, uBid, Yahoo and others. These types of auctions are categorically referred to as "traditional auctions." A traditional auction involves a "Seller" who is offering an item for sale while potential buyers compete with each other for the purchase of the item, which in turn causes the price of the item to continually increase in price until no buyer is willing to bid more...thus the auction concludes with the item being awarded to the "Highest Bidder." The characteristics of a reverse auction are in fact very similar to that of a traditional auction by the fact that it also involves a "Seller" which for the purpose of this illustration will be DubLi.com. DubLi.com offers an item(s) for sale on their online auction website attracting potential buyers who compete with each other for the purchase of a particular item, just like you'd see in a traditional auction. However, all similarities end here because in a reverse auction the price of an item is actually driven down with each bid placed by potential buyers until a single lowest buyer is identified. At this time the auction concludes and the item is awarded to the "Lowest Bidder." To quickly summarize the key differences between the two; in a traditional auction, the price for an item is continually driven up from the bids placed by potential buyers, where as in a reverse auction; the price for an item is continually driven down from the bids placed by potential buyers. The origins of the 'reverse auction' date back to the mid 1990's. The concept was initially conceived as a way for companies to bid on available government and private sector contracts. The auction would take place on the internet and potential buyers were invited to openly compete and bid amongst other companies vying for the available contracts; which would of course benefit the recipient by driving down the costs of the project. When bidders reached a threshold and could go no lower for a particular contract, the auction would conclude and the available contracts would be awarded to the companies with the lowest bids. Sound familiar? It should, because bidding on contracts is certainly not something new by any stretch of the imagination, but it certainly was on the Internet! Prior to the creation of the reverse auction, competing for contracts was more localized and bids were oftentimes delivered through the mail as potential buyers had to patiently wait for the outcome of their bid. However, with the advent of the Internet, suddenly a paradigm shift transformed in the way companies and governments could post important projects and accept bidding from potential buyers and contractors from around the world. By the same token it certainly opened the door for contractors and buyers alike who could now bid on far more projects outside their immediate marketing area and be informed of the status of those bids in real time! It is not known who officially coined the phrase 'reverse auction' but it's matured into a multi-billion dollar global industry and one you don't hear about very often. Perhaps it is because it's been used primarily by big companies and governments up to now. DubLi.com's founder, Michael Hansen, carefully studied and examined the 'reverse auction' model starting in 2003 and concluded there was an even bigger opportunity for growth in the multi-billion dollar consumer market. He envisioned showcasing the best selling in-demand products and services from the most well known and reputable companies in the world; only those with a household name would qualify. The key to success would be in the ability to drive customers to DubLi.com's auction website. He felt that buyers would be eager to check out the auction and proceed to bid...only if the products and services had instant appeal and credibility to the consumer. Michael Hansen, convinced that DubLi.com could become a huge success, began assembling the collective talents of computer programmers, software engineers, web designers and graphic artists. They set out to create the first ever 'reverse auction' site on the Internet; geared specifically to the retail consumer market. There were plenty of trials and tribulations along the way because everything had to be designed from the ground up. The concept of building a 'reverse auction' portal for the consumer market had no predecessors as a guide, but after several years of perseverance and millions of dollars invested, DubLi.com made its public debut in the US in the spring of 2008, and the rest as they say...is history. To say DubLi.com was a success is an understatement; the concept was simple yet very business savvy. By providing the consumer with the ability to purchase name brand merchandise at a fraction of the cost, it became an instant hit with shoppers. The formula has succeeded and attracted a multitude of potential buyers through word of mouth advertising. The auction website is open for business 7 days a week, 24 hours a day, and offers only the top selling genuine name brand items from the most respected manufacturers in the world.  Some of the companies featured on the site are: iPod, iPhone, Hewlett Packard, SONY, Panasonic, LG, Samsung, Toshiba, X-Box, Nintendo, Mini-Cooper, Disney, Rolex, Louis Vuitton, Gucci, Coach and Burberry. Buyers can openly bid against each other causing the price to drop incrementally with each bid until one buyer is awarded the item and the auction is concluded. Auctions begin and conclude 100's of times on any given day; which means 100's of buyers are driving home fantastic bargains on a daily basis. The success behind DubLi.com's 'reverse auction' lies in the formula of being able to drive down prices incrementally with single bids placed by consumers until the price reaches a point where it becomes irresistible to the buyer and then it's sold. How they are able to do this on a consistent basis 100's of times per day is a trade secret, but DubLi.com's founder was able to implement this revolutionary strategy for extreme discounting through the creation of "Credits". When you first enter DubLi.com's auction website there are several categories that the buyer can pick and choose from. Perhaps they are in the market for something in the "electronics section" like a new flat screen TV or digital camera; in the "household items" like an espresso machine or a juicer or in general a gift certificate from some of the top retailers like Wal-Mart and Target and everything in between. There's a "start price" displayed for each item in the auction and just below the start price is displayed a "current price" which is concealed by design. If a potential buyer wants to "view" the current price of an item, they spend 1 "Credit", worth $0.80 /€0.50 , and DubLi.com lowers the price of the item $0.25/€0.20.  Every time a person looks at the price, the cost of the item goes down $0.25/€0.20. Can you imagine if you spent $0.80/€0.50 and found a product worth 500 showing the bid at 200 how happy you would be with your purchase. It would be well worth the cost of the "Credit". If the current price revealed to the buyer is "right price" for them after spending a "Credit", then they have the option of purchasing the item on the spot for its current price. On the other hand, the buyer might decide to hold off purchasing the item by waiting to see if the "current price" will be driven down even further by other buyers using their "Credits" to reveal the current price on the same item. The only risk to the potential buyer by choosing to wait is the chance of the item getting snapped up and purchased by another buyer, but that’s also part of the fun part about knowing how to drive home a great bargain at DubLi.com. The atmosphere on the website is electric with activity, as buyers feverishly bid against each other vying to secure the best possible deal on items they desire most. Many buyers end up paying a fraction of the cost for the item they purchase, which is wonderful...for most a savings in the neighborhood of 40%-60% is fairly common. The customer whose final bid concludes the auction would be prompted for their method of payment. After the payment has been successfully processed, DubLi.com ships out the merchandise directly to their home or place of business. A new item immediately replaces the item that sold, causing the process to repeat itself over and over again. 100's of products are being bid on simultaneously in the auction website every single day. We (DubLi.com) know from past history that satisfied customers often return back to our auction website several times a month to check out what hot new items might be available. This is validated as we see many customers making multiple purchases. This also helps indicates what top selling products must always be on hand for our customers so they will continue shopping at DubLi.com. The software we developed enables us to determine what individual customers are bidding on. We can target these specific items of interest for future reference when they are featured again and immediately notify the customer via email with the specific item they're looking for. In addition we do a number of seasonal promotions centered on the major holidays which helps drive a tremendous amount of traffic to the auction. Our primary objective as a company is to provide superior quality products and excellent service and to maintain an ongoing rapport with our customers so they will enjoy the experience of saving money and continue coming back to shop with us. How does DubLi.com earn a profit when the buyers are getting such discounts? When a buyer purchases a "Credit" for $0.80/€0.50 and then spends it in the auction by revealing the "current price" of an item, we take $0.25/€0.20 off the top and immediately subtract it from the current price. The remaining $0.55/€0.30 is allocated to: referral commissions which are paid out monthly to our business associates as marketing costs, subsidize promotional items referred to as lost leaders, and operational expenses.  The remaining dollars are company profits. We realize a person may be wondering at this point. "How could a potential buyer expect to see any significant savings on an item they want to purchase when DubLi.com is only reducing the price of the item by a mere $0.25/€0.20 per bid?" That is a great question. Let's face it, if only 10 people placed a bid on a particular item, it would only reduce the price by $2.50/€2.00 which isn't much, but multiply the number of potential buyers for the same item by 100, and now the discount jumps up to $25/€20 which is certainly better, but when you multiply the potential number of buyers for the same item by 1000 or more...now you're talking about substantial discounts in the neighborhood of $250/€200  plus. This is a very significant savings! But how does DubLi.com attract its customers? The reason we are able to attract large numbers of potential buyers to our website is centered primarily on two key elements. The first is that we stock and showcase only the best quality and hottest selling genuine merchandise you can find anywhere in the world. The second reason is our business model was built to funnel multitudes of traffic to our auction portal by utilizing one the best known forms of advertising that exists on the planet...that of course being word-of-mouth advertising. Early on, we realized that by rewarding people for their recommendation through referral based commissions, we could potentially attract untold numbers of customers from around the world to our auction portal, and that's precisely what has happened. Since the debut of DubLi.com we have been fortunate; attracting literally 1000's of business associates from around the world to our business model and nearly 1.5 million customers. DubLi.com's auction portal is quickly becoming one of the most popular destinations to visit on the internet, and we expect those numbers to increase exponentially in the months ahead. Perhaps you can begin to see the benefits of DubLi.com's reverse auction a little more clearly and with better insight...knowing that our company is still able to generate a profit while providing buyers the ability to purchase the hottest consumer in-demand products and services sold anywhere in the world; oftentimes at a fraction of their regular selling price. It's pretty simple and straight forward actually...on the surface that is - but it took an investment of millions of dollars and 1000's of man hours in order to materialize the DubLi.com vision into its present day reality. It's one of the most fun and entertaining ways of saving money on brand new quality merchandise that's ever been conceived; especially when you're openly competing with other buyers to see who can get the lowest possible price for an item before it sells. That's what it's all about...bringing real value to the consumer and pioneering an opportunity that is unmatched anywhere in the world for our business associates. We receive countless emails on a daily basis from satisfied customers all over the world telling us how much fun they have shopping at DubLi.com and how much money they are saving. Saving money is important in today's economic climate where every dollar saved can make a real difference in a family's budget and their quality of life. At DubLi.com, we want to openly extend a warm invitation for you to become part of our global community...together we can create abundance and prosperity for all.

DubLi Founder; Michael Hanson

Imagine being able to influence a 300 billion dollar industry and, at the same time, run your very own global business. Enjoy all the advantages of an independent company and avoid the disadvantages and risks normally associated with having your own business. Sounds too good to be true? Not really, please allow me to explain why. Like millions of people around the World you hear about the Internet every day and the endless possibilities it provides - and especially how much money you can earn. However, most people lack the knowledge of how to utilise the Internet commercially. DubLi Network offers you the perfect business concept. With that in your hand and some hard work, you too can get your fair share of the fastest growing and most profitable market in the world. Imagine being part of a business that is at the forefront and ready for the future in any aspect. Today, many companies go bust simply because their products and services are no longer in demand. No longer will you have to put your work ahead of your family. Our track record speaks for itself. We have already changed the lives of many people for the better. They are enjoying the opportunity to earn more money and have more leisure at the same time. We will train, support and guide you using our profound experience and one of the best educational systems in the industry. You will progress on a personal level and you will have the power to influence others in a positive way. Not many times in your life do you get an opportunity to do something that will influence your life in such a positive manner. Grab it and create the foundations for your successful future. Michael Hansen                     Founder and President, DubLi Network

DubLi Mission Statement

The DUBLI corporate team is a visionary and is focused on contemporary trends as well as the latest products and services being offered in all facets of internet marketing. We are pioneers in e-commerce and e-procurement strategies. We seek to stay connected with the World Wide Web and rise as stalwarts in the arena of E-trading. Our main focus is on developing and catering user friendly and customer preferred products, promotional innovations, easily accessible tools, and making the entire e-commerce and trading process at DubLi.com as compatible and streamlined as possible. DUBLI's unique selling points are creativity, flexibility, and innovation. We thrive on the creative optimization of resources and our business model reflects transparency and provides innumerable buying opportunities to all the users who log on to DubLi.com.

DubLi SEC Filing Delay

By DrangonHorse Two days ago, DubLi informed the SEC its financial filing due this week will be delayed.  This, according to Investopedia and others in the know, is a normal occurrence: “The form 10-Q is required to be filed within 45 days following the end of each of a company’s first three fiscal quarters. If the 10-Q cannot be filed in a timely manner, the company must file a Form 10-QT with the commission. A very common reason for an NT 10-Q is a merger or acquisition, which prevents results from being incorporated in time for the filing. The SEC provides for “unreasonable effort and expense”, with explanation, as part of the application for relief.” The SEC rule says: “The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-SAR or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date …” And the official statement from DubLi says: “The registrant is unable to file its Form 10-Q Report for the period ended December 31, 2009 as a result of the recent effective change of control on October 19, 2009 pursuant to the completion of a merger agreement dated August 10, 2009. Due to the complexity the registrant has not yet completed the information required to be included in the Form 10-Q Report. Such information is being assimilated and the Report will be filed within the required period.” The guess is that DubLi has another 10 days to file, so we’re looking at next week.

$400 VISA Gift Card Sold for $81.00

$400 VISA Gift Card was just sold for $81.00, which relates to an 79% savings on DubLi's "Unique Bid" Reverse Auction today.  This is AMAZING.  If you haven't yet checked this out, you must see it to believe it.  Click HERE for 10 FREE credits so that you can take part in the bidding.

Click the Image below for details on this item.

"How is this possible?" you ask.  Click HERE and find out!