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 GENNEVA MALAYSIA, some facts.., READ and UNDERSTAND

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EddyLB
post Jul 18 2012, 05:05 PM

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QUOTE(prophetjul @ Jul 17 2012, 08:08 AM)

Caught this from another forum

After the non compliance decree by The FATWA Committee of the National Council of Islamic Religious Affairs ,
apparently
http://www.martinlee.sg/genneva-gold/comme...ge-14/#comments
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What the clauses trying to do is "money always come into the company, and make sure it never go out" ?

Time to run......FAST !
SH Tan123
post Jul 18 2012, 06:46 PM

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QUOTE(EddyLB @ Jul 18 2012, 05:05 PM)
What the clauses trying to do is "money always come into the company, and make sure it never go out" ?

Time to run......FAST !
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Yes, agreed for run FAST ASAP. Understanding that the company having 1 seminar in JB Paragon Hotel tonight and few of investors will asking the speaker regarding the company account and report. They finding the company didn't filling their financial report for 2010 and based on the previous report they submitted the Revenue is "ZERO" rclxub.gif and the company end up lose money. HOW can this happen ? Something wrong not correct here................ mad.gif Anybody finding are this true ? Please advice.
imasuperstar
post Jul 18 2012, 07:29 PM

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Anyone heard about this before?
http://www.thegoldguarantee.com.sg/
AUGUST777
post Jul 19 2012, 02:28 AM

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QUOTE(Pink Spider @ Jul 14 2012, 10:32 AM)
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.
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Don't waste your time here. Ask the bank, Bill Gates, Apple, Sony how they make money and show you how it is done....please don't ask idiotic questions.

All posts in this forum doesn't tell me anything, just wild guess, rumour mongering, tale bearing, teh tarik talk! Just all that kind of low level thinking. No facts, no figures, cos all never bother to do homework, check out the company, go to their gold talks etc..... even calculation is wrong.

I starting to waste time here.....!!!

Do your homework before yakking nonsense.
prophetjul
post Jul 19 2012, 07:39 AM

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QUOTE(EddyLB @ Jul 18 2012, 05:05 PM)
What the clauses trying to do is "money always come into the company, and make sure it never go out" ?

Time to run......FAST !
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Looks like a RED FLAG to me........


Added on July 19, 2012, 7:43 am
QUOTE(AUGUST777 @ Jul 19 2012, 02:28 AM)
Don't waste your time here. Ask the bank, Bill Gates, Apple, Sony how they make money and show you how it is done....please don't ask idiotic questions.

All posts in this forum doesn't tell me anything, just wild guess, rumour mongering, tale bearing, teh tarik talk! Just all that kind of low level thinking. No facts, no figures, cos all never bother to do homework, check out the company, go to their gold talks etc..... even calculation is wrong.

I starting to waste time here.....!!!

Do your homework before yakking nonsense.
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i guess you are an investor/agent biggrin.gif

The idiot is the one trying to compare Genneva to Microsoft, Apple, Sony..........

Those listed have manufactured innovations while one is trying to scheme out of selling "something" nod.gif

This post has been edited by prophetjul: Jul 19 2012, 07:43 AM
SUSsoundsyst64
post Jul 19 2012, 07:47 AM

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We have give an advice to them. Whether they want to listen or not, it's their decision.




SUSPink Spider
post Jul 19 2012, 07:51 AM

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When some one vmad.gif

Its becos they got into defensive mode whistling.gif
prophetjul
post Jul 19 2012, 08:12 AM

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QUOTE(Pink Spider @ Jul 19 2012, 07:51 AM)
When some one vmad.gif

Its becos they got into defensive mode whistling.gif
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O they should declare their interest......... nod.gif
SH Tan123
post Jul 19 2012, 10:25 AM

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ReLast 2 days agogot 1 issue happen on 1 of the DIRECT company scam the investors $$$. What are the company name ? This type of example should all our beware and careful during investing....
skng03
post Jul 19 2012, 01:01 PM

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QUOTE(SH Tan123 @ Jul 19 2012, 10:25 AM)
ReLast 2 days agogot 1 issue happen on 1 of the DIRECT company scam the investors $$$. What are the company name ? This type of example should all our beware and careful during investing....
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from website file printscreen photo,

Attached Image

it is Dinarius & Dirham....

Attached Image
Attached Image
24hrs
post Jul 19 2012, 02:37 PM

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QUOTE(AUGUST777 @ Jul 19 2012, 02:28 AM)
Don't waste your time here. Ask the bank, Bill Gates, Apple, Sony how they make money and show you how it is done....please don't ask idiotic questions.

All posts in this forum doesn't tell me anything, just wild guess, rumour mongering, tale bearing, teh tarik talk! Just all that kind of low level thinking. No facts, no figures, cos all never bother to do homework, check out the company, go to their gold talks etc..... even calculation is wrong.

I starting to waste time here.....!!!

Do your homework before yakking nonsense.
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I have nothing against Genneva even tho I don't invest in them but I find that the teh tarik talk here is rather entertaining. You don't have to take them seriously. They are just a bunch of clowns. I think this thread is more suitable at Kopitiam.
SUSPink Spider
post Jul 19 2012, 05:28 PM

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APGReit at least got their agent there to TRY to clear things up

But here...no? Genneva agents too busy taking new customers no time to do some PR work here? hmm.gif
EddyLB
post Jul 19 2012, 05:30 PM

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QUOTE(AUGUST777 @ Jul 19 2012, 02:28 AM)
Don't waste your time here. Ask the bank, Bill Gates, Apple, Sony how they make money and show you how it is done....please don't ask idiotic questions.

All posts in this forum doesn't tell me anything, just wild guess, rumour mongering, tale bearing, teh tarik talk! Just all that kind of low level thinking. No facts, no figures, cos all never bother to do homework, check out the company, go to their gold talks etc..... even calculation is wrong.

I starting to waste time here.....!!!

Do your homework before yakking nonsense.
*

Added on July 19, 2012, 5:34 pm
QUOTE(24hrs @ Jul 19 2012, 02:37 PM)
I have nothing against Genneva even tho I don't invest in them but I find that the teh tarik talk here is rather entertaining. You don't have to take them seriously. They are just a bunch of clowns. I think this thread is more suitable at Kopitiam.
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I think their cashflow must be affected badly these two forumer have to come in to try to salvage whatever image they still have. But did just opposite by scaring potential investors away tongue.gif

This post has been edited by EddyLB: Jul 19 2012, 05:34 PM
b00n
post Jul 19 2012, 08:18 PM

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QUOTE(AUGUST777 @ Jul 19 2012, 02:28 AM)
Don't waste your time here. Ask the bank, Bill Gates, Apple, Sony how they make money and show you how it is done....please don't ask idiotic questions.

All posts in this forum doesn't tell me anything, just wild guess, rumour mongering, tale bearing, teh tarik talk! Just all that kind of low level thinking. No facts, no figures, cos all never bother to do homework, check out the company, go to their gold talks etc..... even calculation is wrong.

I starting to waste time here.....!!!

Do your homework before yakking nonsense.
*
In simple terms the bank earns money by charging interest more than they are giving out interest.
Bill Gates, Apple, Sony makes money by selling products where the the products have their profit margin after netting off costs and productions.

So now tell me about Geneva? Simple term, how do they earn when they are giving out high interest back to customers? Or how can they afford to pay back interest to the customers?
prophetjul
post Jul 20 2012, 08:29 AM

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QUOTE(b00n @ Jul 19 2012, 08:18 PM)
In simple terms the bank earns money by charging interest more than they are giving out interest.
Bill Gates, Apple, Sony makes money by selling products where the the products have their profit margin after netting off costs and productions.

So now tell me about Geneva? Simple term, how do they earn when they are giving out high interest back to customers? Or how can they afford to pay back interest to the customers?
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They can give you their secret of their earnings model.

ALL they can say for now is that its INNOVATION! biggrin.gif
EddyLB
post Jul 20 2012, 09:49 AM

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QUOTE(prophetjul @ Jul 20 2012, 08:29 AM)
They can give you their secret of their earnings model.

ALL they can  say for now is that its INNOVATION!      biggrin.gif
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Yes, it is very innovative. Basically it is an art of managing funds, which need very complex software/formula and PHD in finance to do it right. You got to have 6 way hedge against each other :

1. US$
2. RM
3. Gold spot price
4. Gold retail price
5. Old customer money (hibah)
6. new customer money



This post has been edited by EddyLB: Jul 20 2012, 09:57 AM
property101
post Jul 20 2012, 09:55 AM

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QUOTE(b00n @ Jul 19 2012, 08:18 PM)
In simple terms the bank earns money by charging interest more than they are giving out interest.
Bill Gates, Apple, Sony makes money by selling products where the the products have their profit margin after netting off costs and productions.

So now tell me about Geneva? Simple term, how do they earn when they are giving out high interest back to customers? Or how can they afford to pay back interest to the customers?
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exactly.

i really really looking forward to someone who can explain me where does their cash flow come from
if they say they get it by the increase of gold price, then how about when gold price come down? whistling.gif
prophetjul
post Jul 20 2012, 10:03 AM

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QUOTE(EddyLB @ Jul 20 2012, 09:49 AM)
Yes, it is very innovative. Basically it is an art of managing funds, which need very complex software/formula and PHD in finance to do it right. You got to have 6 way hedge against each other :

1. US$
2. RM
3. Gold spot price
4. Gold retail price
5. Old customer money (hibah)
6. new customer money
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Madoff appears to have use this innovative technique as well.... biggrin.gif
SUSPink Spider
post Jul 20 2012, 10:37 AM

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QUOTE(EddyLB @ Jul 20 2012, 09:49 AM)
Yes, it is very innovative. Basically it is an art of managing funds, which need very complex software/formula and PHD in finance to do it right. You got to have 6 way hedge against each other :

1. US$
2. RM
3. Gold spot price
4. Gold retail price
5. Old customer money (hibah)
6. new customer money
*
hmm.gif blink.gif shocking.gif shakehead.gif rolleyes.gif whistling.gif

This post has been edited by Pink Spider: Jul 20 2012, 10:39 AM
icemanfx
post Jul 20 2012, 11:46 AM

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Without convincing and proven business model, it smells and sounds like a Ponzi scheme.


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