Anyone out there knew all about magnetic sponsoring by mike dillard?

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Hey! I just want to know if anyone among mylotters knew all about this so called magnetic sponsoring by a certain netrepreneur named mike dillard? Is this a legit internet networking business? how does it go? Do I have to be an MLM marketer with products to sell and promote on the web? 'Coz lately I,ve been receiving emails from him, i think I once browse over his site that's why, I'm receiving emails from him now. Please let me know about this as I am quite interested to know more. Thanks.