Free DVD's after rebate? Too good to be true?

[Gomer]

http://www.cyberrebate.com/catalog/dept.asp?sts=nwc45&dept_id=11000&cr=346835&cp=3761&st=2162&pl=0

Just wondering if anyone has ever tried this. Anything that seems too good to be true usually is.

[Gomer]

LOL nevermind. I think I recall reading about this site here in the past. I just happened to check the price on the DVD after I posted this and it was $169.99. Funny stuff. Funny thing is I got hooked by an internet ad. That's a rare occurence.

[RobRich]

Break out the calculator. You are giving them access to $169.99 per DVD for upto 14 weeks. This provides their working capital for investment potential. Consider they purchased the DVD either direct, or through a low-cost whosale vendor. The cost per DVD is likely well under $8 per unit. 8 / 170 * 100 = ~4.7% They have access to your money at lower than the variable prime rate of ~7%, which is beneficial since they can not acquire money for the 4.5% federal rate. Most any business would gladly give you 4.7% (or less for some items!) to utilize your money for 14 weeks. They could drop the cash into short-term, high-yield, FDIC secured jumbo certificates of deposit or money market accounts. Even using these minimal-risk, moderate-return options, a company could produce a substaintial profit return off of your "investment loan". http://www.sysopt.com/forum/wink.gif

Nothing like true capitalism at work. http://www.sysopt.com/forum/smile.gif

Catch ya' later,
Robert Richmond

[Gomer]

Impressive work with the calculator, but you have it all wrong. 1 or 2 misplaced "rebates" and you're rolling in it.

[RobRich]

I'm working off the assumption that the company is operating in a legit manner. Though you're likely right, as I would be curious as to the actual number of rebates actually issued for the products.

Any rate, if some pulled this type of scam 20 yrs ago, they would have been charged with racketeering or loan sharking. Isn't e-commerce great?!

Robert Richmond

[redwolf]

CyberRebate filed for bankruptcy this morning. If your waiting on rebate don't hold your breath. Good luck!

[rh71]

Thanks for the heads up. **** I didn't know they were headquartered here on Long Island. I didn't know they had scam artists around me!!!!!! This isn't NYC! http://www.sysopt.com/forum/wink.gif

[Gomer]

Man!!! Bankrupt? I just orderered 7 DVD's at $169.99 apiece http://www.sysopt.com/forum/wink.gif

[ablang]

CyberRebate is now on F---edCompany.com as having declared Ch. 11 so tread very lightly.

[waferdog]

Gomer,

If you seriously did just order seven DVD's, call your credit card company immediately and dispute the charge (since you will not receive shipment, and if you do, refuse shipment). If you are joking, well, then keep on joking.

Reading on some other forums, this thing is a full blown crisis. There are people who have over 10 Gs locked up with this company that they will never see. Why anyone would put that much down is beyond me, so my pity for them is not as strong as it could be.

Waferdog

[Ironforge]

Yeah they are kaput http://www.sysopt.com/forum/smile.gif

I hate to say goodbye to free stuff... but I never wanted to go near that place because of the over-inflated high prices..