AGLOCO going out of business?

The problems for AGLOCO, one of the latest internet biggest buzzes, don't seem close to come to end. With an original concept of a global company where every user has a share relative to the amount of time spent using the ViewBar (a bar that displays ads for the user while surfing the web), and after a tremendous and explosive start, with thousands of people joining the program (me included), the issue of revenue distribution started to arise as the development team continued to argue that no benefit was generated yet and that they were still putting money from their pockets to keep the program alive.
A partnership with Ask.com (a search engine), appeared to bring an end to the trouble. It was presented as a great opportunity, and members of AGLOCO were encouraged to use it for their searches.
Unfortunately, the crash was apparently inevitable. In fact, yesterday I received this email from the development team :

Dear Oussama,

We would like to update you on the status of AGLOCO's operations. We continue to believe in the AGLOCO concept, but our revenue is currently not sufficient to give Members a meaningful distribution. And though there are increases in membership, the resulting revenue is not enough to support operating costs. As a development team we are unable to continue to use our savings to fund the operations. If any Member would like to pursue continuing the operations of AGLOCO, you may contact us at agloco1[at]live.com .

We would like to thank every Member for supporting our effort to bring a piece of the Internet directly to the user. We hope that we can find a way to keep the operations going.

AGLOCO Development Team

This email is, to me, nothing more and nothing less than a farewell email. I still don't get the "we continue to believe in the AGLOCO concept" thing. It's not what the experience showed and it's not what this email is telling.
I am not sure if any members would like to continue pursuing the experience. However, the future may bring new elements.

Why did AGLOCO fail? This might be the subject of a future post...

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