Genneva Sdn Bhd never filed in their financials because they opted to be an exempt private company. It is permitted by ROC

Genneva Malaysia Sdn Bhd did filed their financials, but only up to 31/12/2009

Too busy creating value for its clients, no time to engage an accountant and an auditor to produce audited accounts?

Pink - i can imagine the big guys thinking:

"Aiya - don't lar bean counter me and kacau kacau audit me.
I bz U know - see how many customers and investors i got
All throwing $ at me and saying i'm their best-est investment hahaha"

Oh well... these "investors" are so lucky to get in at the bottom (and hopefully ran out before the music stops).
Dang - i wish i was that lucky and smart. All my parents' fault for making me logical and numerically sound.

This post has been edited by wongmunkeong: Jul 13 2012, 11:01 AM

Even a jackpot machine can be a sound "investment", if u sit down on it at the right TIMING when its about to spew cash

It's all about "timing". So, we better don't bash Genneva so much

This post has been edited by Pink Spider: Jul 13 2012, 11:06 AM

eh? I was aiming at the "investors" that kept saying its dah best-est west-est, not the company wor (which we all know...)
hehe - and worse still, these "investors" dragged in their friends and family (i personally know of 2 such happening related to my family and my lady friend's family).

As I have said before , I already invest in Genneva but I invest with money that I can afford to lose . I know of some ppl who refinance their houses so they can invest in Genneva . I think this is plain greedy and too risky .

.

I wish you luck.

Even if you dont lose money or even make money because you are the earlier batch of ”investor”, do you think the company is paying you interest with their profit or money from the newer ”investor” ?

If your profit is sourced from the latter, do you feel good taking it ?

Or you just dont care as long as it is cold hard cash ?

There are many other way to make money, bro.....

Unfortunately some people dont care where the $ comes from, just like those who dont care about blood diamonds.
Dont worry Eddy, karma + payback's going to be a b*tch to these people

This post has been edited by wongmunkeong: Jul 13 2012, 09:16 PM

I hear that this month Genneva offer 3% hibah to the investors invest this month. Anybody know this ? Are this is the trap ?

Yes ... I heard about this from my agent yesterday. He said 3 percent hibah for 6 months . Minimum 50 grams .


.

Looks like the rates are diminishing......from 2% p month.
Now its 0.5% p month......money troubles?

i find it hillarious when ppl say: i INVEST with money i can afford to lose.
Thats rather oxy moronic IMO if you are an INVEST-oR....

Who wants to lose any money?

Unless you are goin to a casino?

please check properly before u said anything, is 3% per month for duration of 6 month dude

As a responsible and cautious investor, I think we should ask the investment manager,

"How is the money made?"

Can any Genneva agent answer this?

bro, quit nitpicking - 3% / 6mths = 0.5% per month in simple calculation.
If U want an Excel calculation, it doesn't run far as the compounding of % pm isn't much difference at 0.5%-/+.

For a heavy Kopitiam poster to "logic things out" against investors and heavy posters here, U really do need a good calculator + some logic
and i'm assUme-ing U aren't one of Genneva's "investors" still trying to get the gang to "see the light"

---

Added on July 14, 2012, 10:16 amOccam's Razor cut cut + "follow the $ trail" =
Aiya - no eye see lar these "investors", all i worry is that they con oops.. convince other ah sohs and uncles into it too.
I hope that Hell has a very special place for these types.

This post has been edited by wongmunkeong: Jul 14 2012, 10:16 AM

how to be 0.5 % per month ? LOL , let say u put in 20k, u will get 600 per month for 6 month. S0= RM3600

It could be the other way around. These investors owed a lot in the past lives, and now have to pay the boss back

Wow... $7.55 variance
In simple English, it's nitpicking. U comprehend?
Life must be tough on U huh?

This post has been edited by wongmunkeong: Jul 14 2012, 10:32 AM

That is 18% in total for 6 months. No investment can make such amount of money within short time. If such thing exist, you will see EPF, KWSP, And other big funds will invest in it until the genneva bank account will explode.

yes i must agree that their so called 'hibah' is very high but is just for 6 month ,after that it will drop back to 2% i think

Again I wanna repeat my question...

Anyone ever asked/pondered how is the money made?

Common sense tells me, if u can't explain it, it's a scam.