u must not forget that u got gold in hand mar...
GENNEVA MALAYSIA, some facts.., READ and UNDERSTAND
GENNEVA MALAYSIA, some facts.., READ and UNDERSTAND
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Sep 18 2012, 03:27 PM
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Senior Member
572 posts Joined: Jan 2003 From: Puchong |
u must not forget that u got gold in hand mar... |
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Sep 18 2012, 03:27 PM
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Junior Member
28 posts Joined: Dec 2011 |
He he he.... Finally them lovers have met... Congrats |
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Sep 18 2012, 10:02 PM
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Junior Member
42 posts Joined: Sep 2012 |
QUOTE(learn2earn8 @ Sep 18 2012, 12:32 PM) Anonymous me, your replies to this forum is good to dispel some rumours. The challenges you set is good, so can I also post my challenge? Would be good if you are able to provide some info that I had posted to Arielnagrath I shall not reply on behalf of Arielnagrath.I had met many agents from all kind of industries selling so many things. They normally get defensive, resort to name calling when they run out of facts. All that is needed to be done is just answer the question and all is well Thanks. Added on September 18, 2012, 10:37 pm QUOTE(learn2earn8 @ Sep 18 2012, 11:44 AM) I am so glad all the genneva consultant are knowledgable & friendly, a good way to do business and improve your image Pls disregard all old websites of Genneva.since u say, I as a potential customer have shallow intellect, it is due to reading your daily dose of shit-stench anyway, your 'Anonymous me' is much more professional than you and I may reconsider to invest. But, of course I need to research and read up. You are ware that all investor would prefer their capital to be secure before pumping in their capital, so can you reassure your readers, by providing just your profit and loss account & balance sheet for us to see GENNEVA MALAYSIA SDN BHD (592576-A) (“GENNEVA’), performance for this few years? Since you had made so much from your initial capital, RM80 is not a problem right? come and share your your company success in figures http://www.nbc.com.my/company-search.html http://www.ssm.com.my/company/updating-of-local-company I check your website and it is so informative, is it true there were many name changes http://www.genneva-world.com/v2/index.php?...w=category&id=1 http://www.genneva-world.com/v2/index.php?...w=article&id=85 I normally read co accounts and all chairman are so glad to give an opening statement to showcase the company performance. But, how come must be your general manager give statement? It is so inspiring to investors http://www.gennevaworld.com.my/index.php/m...ral-malaysia-2/ The latest updated one is: www.gennevaworld.com.my, which has a daily sale price of gold. I will get my IT guys to remove all previous sites. Sorry for the confusion. At the moment, we are a private limited, as such there is no legal requirement to make our accounts public. To us, our accounts are confidential business information which our competitors are keen to know in order to copy our biz model. When the time comes for listing, the accounts will be made public. Our General Manager has been delegated to to deliver the statement by our founder on his behalf. There is also no legal requirement to have the Chairman, or director, or CEO or whoever to make any statement on own's website. It is a matter of choice. But I will feedback to my boss to see if there is a need to change. Thanks for your feedback. Added on September 18, 2012, 10:47 pm QUOTE(EddyLB @ Sep 18 2012, 11:58 AM) Boss, you are really naive. Your words are worthless on the internet. Your promise is worth nothing. There are so many hoax in the internet everyday. You sound just like those African emails Thanks for your suggestion.Ok, let me teach you another time. Since you cannot act on behalf of Genneva (ie you are just a kuci meow in Genneva, no offence...), you can engage a lawyer and ask him to draft out your offer. Ask your lawyer to be the stakeholder of your reward. Then post it here ! Your personal offer with your lawyer's undertaking is also good enough as a guarantee. If there are such claims, then they can look for your lawyer, instead of a "anonymous_me" on an internet forum. Do you really have no knowledge of legal matters and corporate exercise experience at all ? You got to put out the black and white in order to guarantee people. Not the other way around. Does Apple tells people "hey if my Ipad got problem only we talk. You no need to see the warranty terms and condition. My Ipad sure no problem one.....No point making big announcement in website to "fish" out something that is not there at all, right ?" Let's try this soft internet approach first to gauge the response. Give my offer a little time to see if this works. If the response is good, we shall follow your suggestion(press announcements, lawyer's draft etc). African emails - They always ask you for bank details. I never asked for any bank details. African emails - If you believe in them, you will end of losing your own money in your pocket/bank account to them. Would anyone who come to me with evidence lose any of his/her money from his/her pocket/bank account to me? All I asked is some evidence of cheating or non-payment. A scanned police report will suffice for me to carry out internal investigations. If indeed I cannot honour my offer if prove of cheating/non-payment is true, you can shame me here. I don't sell Ipads, sorry. Added on September 18, 2012, 11:05 pm QUOTE(Arielnagrath @ Sep 18 2012, 12:02 PM) Hi Anonymous Me, "Based on Syariah Principles" and "pursuant to Syariah principle" DOES NOT MEAN Syariah compliant.hey mate.....thanx for the information....greatly appreciated.... the thing is....if Genneva Malaysia is NOT Syariah compliant, why does its website state :- "■GENNEVA provides you with the safest and most convenient gold trading opportunities based on Syariah Principles." GENNEVA rewards its customers with discretionary payments pursuant to the Syariah principle of “Hibah.” how does the company use Syariah Principles when it is NOT Syariah compliant?...im afraid that this is rather contradictatory if i may say... Let me give you an example. I open an restaurant. I follow all the halal certification procedures got the approval that my restaurant is halal. But a few months later, due to a technicality, my halal certification is withdrawn by the authority. Everything remains the same, the way I source my food, prepare my food, employ my staff etc etc, but I do not get the Halal cert from the authority. So promptly I put up this notice on my restaurant entrance door prominently - "This restaurant is not halal. However, we prepare our food according to Islamic way, just that we did not get the Halal cert." I leave it to the discretion of dinners whether they want to dine in my place. This is just an example (there is no such restaurant) used to explain the Syariah issue, in the simplest way I can think of. Added on September 18, 2012, 11:15 pm QUOTE(merce @ Sep 18 2012, 01:16 PM) all these talks of big oil projects, mining biz etc... sounds like a BIG investments and BIG return. There is no proof that we are not able to pay the 2% return to those with a contract with us.but till now still cant pay the 2% return to customers... still pending restructure? or "new business model guideline"? "Geneva Malaysia Sdn Bhd" isnt specify enough? In the alert list the name is there, but in other statements the name was not mentioned. This post has been edited by Anonymous me: Sep 18 2012, 11:53 PM |
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Sep 18 2012, 11:47 PM
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Senior Member
1,864 posts Joined: Apr 2011 |
QUOTE(Anonymous me @ Sep 18 2012, 10:02 PM) Thanks for your suggestion. Let's try this soft internet approach first to gauge the response. Give my offer a little time to see if this works. If the response is good, we shall follow your suggestion(press announcements, lawyer's draft etc). African emails - They always ask you for bank details. I never asked for any bank details. All I asked is some evidence of cheating or non-payment. A scanned police report will suffice for me to carry out internal investigations. If indeed I cannot honour my offer if prove of cheating/non-payment is true, you can shame me here. I don't sell Ipads, sorry. Even those 3 year old boy will not believe you. You will never get any response because nobody will waste time with a scam offer If you really want to prove your sincerity, at least let people know your real name, your address, your phone number so people believe you are someone real and know where to look for you to claim. Now you expect people to give their personal details over the internet before you reveal who you are ? Nice try ! At the end, talk is cheap. Internet offer is cheap. Get real by engaging a lawyer to prove your sincerity. Otherwise, you are just another cyber agent in the cyberworld |
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Sep 19 2012, 12:03 AM
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Junior Member
42 posts Joined: Sep 2012 |
QUOTE(EddyLB @ Sep 18 2012, 11:47 PM) Hahaha, with a "cyber person" by the name of "anonymous me" offering 1kg 999.9 gold on the internet, you expect people to believe you and respond to you ? Wahahaha No problem, then anyone can send the information to any of these email addresses:Even those 3 year old boy will not believe you. You will never get any response because nobody will waste time with a scam offer If you really want to prove your sincerity, at least let people know your real name, your address, your phone number so people believe you are someone real and know where to look for you to claim. Now you expect people to give their personal details over the internet before you reveal who you are ? Nice try ! At the end, talk is cheap. Internet offer is cheap. Get real by engaging a lawyer to prove your sincerity. Otherwise, you are just another cyber agent in the cyberworld =================== Customer Service Department Tel: 603 7988 1313 Fax: 603 7988 1331 customerservice@gennevaworld.com.my Headquarters 52A, Jalan Kuchai Maju 6, Off Jalan Kuchai Lama, 58200 Kuala Lumpur. Tel: 603 7980 9993 Fax: 603 7980 3999 info@gennevaworld.com.my Johor Suite 501, Wisma Sing long, 9, Jalan Zabedah, 83000 Batu Pahat, Johor. Tel: 607 4315 993 Fax: 607 4335 993 batupahat@gennevaworld.com.my Melaka 2-1, Jalan Kota Laksamana 2/15, Taman Laksamana, Section 2, 75200 Melaka. Tel: 606 2816 271 Fax: 606 2816 270 melaka@gennevaworld.com.my Penang Suite 09-03, Menara IJM Land, 1, Lebuh Tunku Kudin 3, 11700 Gelugor, Pulau Pinang. Tel: 604 6609 968 Fax: 604 6609 969 penang@gennevaworld.com.my Perak 27A, Jalan Yang Kalsom, 30250 Ipoh, Perak Darul Ridzuan. Tel: 605 2535 084 Fax: 605 2415 084 ipoh@gennevaworld.com.my Sabah Lot 69 & 70-5, Block L, Signature Office, KK Time Square, 88000 Kota Kinabalu, Sabah. Tel: 6088 4471 88 Fax: 6088 4488 02 kinabalu@gennevaworld.com.my Sarawak 7th floor, Bangunan Binamas, Lot 138, Sect 54, Jln Pandungan, 93100 Kuching, Sarawak. Tel: 6082 4199 93 Fax: 6082 4199 93 kuching@gennevaworld.com.my Selangor 335A, Melawati Urban 1, Lorong Sarawak, Taman Melawati, 53100 Kuala Lumpur. Tel: 603 4108 9688 Fax: 603 4108 9678 kinregen@gennevaworld.com.my Kedah 150 , 1st floor, Kompleks Perniagaan Sultan Abdul Hamid Fasa 2, Susuran Sultan Abdul Hamid 11, 05050 Alor Setar, Kedah. Tel: 605 7718 857/8/9 Fax: 605 7718 860 alorsetar@gennevaworld.com.my Negri Sembilan 3-2, Jalan S2 B16, Biz Avenue, Seremban 2, 70300 Seremban. Tel: 606 6012 836 Fax: 606 6012 836 seremban@gennevaworld.com.my Perak 9, Tingkat 1, Rumah Burung Jalan Medan Sitiawan 1, Off Jalan Haji Mohd. Ali, Taman Medan Sitiawan, 32000 Sitiawan, Perak. Tel: 605 6910 086 Fax: 605 6910 086 sitiawan@gennevaworld.com.my Sarawak 05-01, Wisma Senling, 13, Jalan Keranji, 96000 Sibu, Sarawak. Tel: 6084 3150 69 Fax: 6084 3132 92 sibu@gennevaworld.com.my ================== Pls quote: "1 kg 999.9 Gold Reward - Anonymous me" in your email. Thanks. |
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Sep 19 2012, 07:18 AM
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Senior Member
1,864 posts Joined: Apr 2011 |
QUOTE(Anonymous me @ Sep 19 2012, 12:03 AM) No problem, then anyone can send the information to any of these email addresses: Friend, your are really green in the corporate world. You got much to learn=================== Customer Service Department Tel: 603 7988 1313 Fax: 603 7988 1331 customerservice@gennevaworld.com.my Headquarters 52A, Jalan Kuchai Maju 6, Off Jalan Kuchai Lama, 58200 Kuala Lumpur. Tel: 603 7980 9993 Fax: 603 7980 3999 info@gennevaworld.com.my ================== Pls quote: "1 kg 999.9 Gold Reward - Anonymous me" in your email. Thanks. Let me summarise for you so you will understand better. In effect, you are issuing a warranty/guarantee to the customers of Genneva. A guarantee that Genneva will pay 2% interest, and/or the guarantee buy back. If you look at it in another angle, it also has the effect of "insurance" since a third party, a cyber person by the name of "anonymous me" appointing a lawyer to honour payment of damages in the event of non-performance of contract by Genneva. 1. If it is warranty, the company Genneva has to announce it. Not an employee in his personal capacity. And definitely not by a cyber person who may not in existence in the real physical world, or will just disappear conveniently when there is a real claim. In a warranty/guarantee, the company will have to state that in a black and white contract. Your "announcement" here is worth nothing because you don't represent Genneva. Sorry but it is obvious that you are just a "nobody" in the company so what you said here does not worth a sen 2. If it is an "insurance", then of course a third party must be involved. This third party must be reputable enough (like a famous lawyer firm) to give confidence to the customer that the guarantee is claimable. By the look of it, your offer is more like an "insurance" You are in effect putting the company into trouble if any of the above actually happens. The "gold buying" trading will become "investment scheme" with guaranteed periodical returns and principal. It will put Genneva into the contravention of Bafia S25(1). Genneva has designed and packaged their "investment scheme" so well that Bank Negara cannot prosecute them outright. Why do you think they change their terms and condition so frequently ? And you just want to come in to spoil Genneva's soup ? Talk to your Datuk bosses. Your scheme cannot be offered to the customers, or else your Datuk bosses will land in jail |
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Sep 19 2012, 08:46 AM
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All Stars
12,287 posts Joined: Oct 2010 |
Long BEFORE Genneva Malaysia gave GUARANTEED buyback on the ORIGINAL purchase price after the expiry of the contract.
PRESENTLY they say QUOTE 10. Does GENNEVA guarantee the buy back? ■No. You have the choice to sell back and GENNEVA has the discretion to buy at a mutually agreed price. ■GENNEVA does not in any manner, directly or indirectly, at present or in future gives an undertaking or guarantee the repurchase of the gold products sold to its purchaser (no buy back guarantee). http://www.gennevaworld.com.my/index.php/faqs/ So hows it that you pay YOURSELF the 'gift' and NO GUARANTEED BUYBACK? Christmas has come early! Long ago Genneva Malaysia say its Syariah Compliant. Now they say NO. How? QUOTE Genneva - Syariah Compliant Gold Products GENNEVA's Syariah compliant gold products were officially launched by the former Prime Minister of Malaysia, Tun Dr Mahathir, on 15th December 2010. http://www.genneva-world.com/v2/index.php?...w=category&id=1 Seems they are evolving as they find that they are in breach of laws and regulations. What does that imply? RED FLAGS ALL OVER THE PLACE |
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Sep 19 2012, 09:17 AM
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Junior Member
42 posts Joined: Sep 2012 |
QUOTE(EddyLB @ Sep 19 2012, 07:18 AM) Friend, your are really green in the corporate world. You got much to learn Genneva has designed and packaged their products so well that Bank Negara cannot prosecute them outright. Precisely. No laws broken, what to prosecute?Let me summarise for you so you will understand better. In effect, you are issuing a warranty/guarantee to the customers of Genneva. A guarantee that Genneva will pay 2% interest, and/or the guarantee buy back. If you look at it in another angle, it also has the effect of "insurance" since a third party, a cyber person by the name of "anonymous me" appointing a lawyer to honour payment of damages in the event of non-performance of contract by Genneva. 1. If it is warranty, the company Genneva has to announce it. Not an employee in his personal capacity. And definitely not by a cyber person who may not in existence in the real physical world, or will just disappear conveniently when there is a real claim. In a warranty/guarantee, the company will have to state that in a black and white contract. Your "announcement" here is worth nothing because you don't represent Genneva. Sorry but it is obvious that you are just a "nobody" in the company so what you said here does not worth a sen 2. If it is an "insurance", then of course a third party must be involved. This third party must be reputable enough (like a famous lawyer firm) to give confidence to the customer that the guarantee is claimable. By the look of it, your offer is more like an "insurance" You are in effect putting the company into trouble if any of the above actually happens. The "gold buying" trading will become "investment scheme" with guaranteed periodical returns and principal. It will put Genneva into the contravention of Bafia S25(1). Genneva has designed and packaged their "investment scheme" so well that Bank Negara cannot prosecute them outright. Why do you think they change their terms and condition so frequently ? And you just want to come in to spoil Genneva's soup ? Talk to your Datuk bosses. Your scheme cannot be offered to the customers, or else your Datuk bosses will land in jail No, I am not selling any insurance here. I don't collect any insurance premiums in consideration. My boss suggested this offer to me, so I have their consensous. We'll continue with this offer and gauge the response. if there is no response, we shall end this. Therefore, there is a timeline to this. It does not go on forever. This post has been edited by Anonymous me: Sep 19 2012, 11:26 AM |
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Sep 19 2012, 10:44 AM
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Junior Member
146 posts Joined: Dec 2005 |
Why bother with this anonymous me's postings? Such a waste of time trying to get Genneva some "credibillity" when it has none. Must be really desperate to find new "investors/victims" if willing to post all sorts of rubbish here.
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Sep 19 2012, 11:08 AM
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All Stars
13,761 posts Joined: Jun 2011 |
QUOTE(audionutter @ Sep 19 2012, 10:44 AM) Why bother with this anonymous me's postings? Such a waste of time trying to get Genneva some "credibillity" when it has none. Must be really desperate to find new "investors/victims" if willing to post all sorts of rubbish here. I blif there were some tat make some handsome interest out of their own investment funds. True enuf there were oso lotsa victims around. Bear in mind, those tat make money shall b defensive in their investment strategy s they might collapse all together when tis mlm scheme fail 1 day. I personally dislike any mlm. So imho, anonymous me shall not continue with all explanations here anymore. U may choose to start a thread for those supporting genneva instead of providing false impression in a thread where Noone would like to listen to. Gd luck in ur genneva job. Cheer. |
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Sep 19 2012, 11:28 AM
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Junior Member
42 posts Joined: Sep 2012 |
QUOTE(ManutdGiggs @ Sep 19 2012, 11:08 AM) I blif there were some tat make some handsome interest out of their own investment funds. True enuf there were oso lotsa victims around. Bear in mind, those tat make money shall b defensive in their investment strategy s they might collapse all together when tis mlm scheme fail 1 day. Well, there are people who choose to read and make queries. There are people who choose to read and remain silent. There is also a third kind who reads and post "replies".I personally dislike any mlm. So imho, anonymous me shall not continue with all explanations here anymore. U may choose to start a thread for those supporting genneva instead of providing false impression in a thread where Noone would like to listen to. Gd luck in ur genneva job. Cheer. Added on September 19, 2012, 11:31 am QUOTE(audionutter @ Sep 19 2012, 10:44 AM) Why bother with this anonymous me's postings? Such a waste of time trying to get Genneva some "credibillity" when it has none. Must be really desperate to find new "investors/victims" if willing to post all sorts of rubbish here. Well, there are people who choose to read and make queries. There are people who choose to read and remain silent. There is also a third kind who reads and post "replies".This post has been edited by Anonymous me: Sep 19 2012, 11:31 AM |
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Sep 19 2012, 11:43 AM
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All Stars
13,761 posts Joined: Jun 2011 |
QUOTE(Anonymous me @ Sep 19 2012, 11:28 AM) Well, there are people who choose to read and make queries. There are people who choose to read and remain silent. There is also a third kind who reads and post "replies". Well, I like the way u responded. The a true blue mlm person. Keep up the hard work.Added on September 19, 2012, 11:31 am Well, there are people who choose to read and make queries. There are people who choose to read and remain silent. There is also a third kind who reads and post "replies". |
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Sep 19 2012, 11:48 AM
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Senior Member
3,626 posts Joined: Nov 2007 From: Hornbill land |
2% each month. 24% clean profit each year. I myself will take loan from bank, relatives or parents to invest into this kind of business. So genneva is so generous to offer such a return rate to public? Why not for themselves? Why dont genneva borrow millions from bank to invest? Borrow 1 billion also can. RM240 millions profit each year.
PNB funds, mutual fund and other investment tools available are having a hard time to beat such a performance with no risk(oopss?) involved. No matter how you look at it, 24% is too high for public regardless of their business model. This post has been edited by mois: Sep 19 2012, 11:54 AM |
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Sep 19 2012, 11:55 AM
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Junior Member
42 posts Joined: Sep 2012 |
QUOTE(mois @ Sep 19 2012, 11:48 AM) 2% each month. 24% clean profit each year. I myself will take loan from bank, relatives or parents to invest into this kind of business. So genneva is so generous to offer such a return rate to public? Why not for themselves? No, we do not advise that you take any loan from anyone to buy our gold. We believe in investing within your means. Invest with your spare cash to enrich yourself, not others.Yes, we buy gold for ourselves as well, as long as it is within our own means. I own many kilos. My consultants own gold bars themselves. And they are driving mainly BMWs and Mers, and live in nice landed properties all over the country. We would like to spread this wealth generating method with others who, like us, have the spare cash and risk appetite. Why other kind of funds do not perform as well? I don't know, you need to ask their fund managers. For us, we are doing very well because we trade gold and oil - buy low, sell high. Pls read my earlier posts. This post has been edited by Anonymous me: Sep 19 2012, 11:58 AM |
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Sep 19 2012, 12:12 PM
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Junior Member
139 posts Joined: Sep 2010 From: Kuala Lumpur |
Excuse me while I puke. Is it possible that any one can swallow this?
This post has been edited by klbull: Sep 19 2012, 12:19 PM |
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Sep 19 2012, 12:29 PM
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Newbie
3 posts Joined: Sep 2012 |
Hi,
Im newbie here (in fact today!).. Im Genneva Agent (and client) since 2010 and brought lots of happiness to my client. So that, I'm happy too.. I used to be a "programmer cabuk" for 7 years with salary 3k+ per month only (Alhamdulillah anyway) and from time to time I try to find any ways to improve my life and family. And finally I found Genneva (with bless of Allah definitely!). Now Im happy to help more clients (including my fren and family) to improve their life too. And what I can say that my income almost 10 times from my previous job. With Genneva also, one agent under me already achieved RM100k income per month and another agent already achieved more than RM30k+ per month. With this income, we can pay more zakat, give more sedekah and help more people. As for client, one of my client get hibah (cannot use word hibah anymore rite?) RM25,000 per month without fail since 2010. Client happy, we are happy too.. My point is, one day If Allah say "GENNEVA WILL BE CLOSED!", so i know that there is NO REZEKI for me anymore from Genneva and I know Allah will give it from other resources (of course I have to workhard) BUT as for now, GENNEVA is growing and bring lots of happiness to other people, so let it be la.. If anyone wants to try in Genneva plan, let them tryla.. Why u bother? Lantak pi la.. Their money, not yours. And when they got their income, is their money, not yours.. And if they loose their money (I pray to Allah this will not happen), is still their money and not yours..Right? p/s :I think if your salary below than 3k, please dont waste most of your time here. Try to improve yourself becoz as u know, if live in KL, 3k is just like a dust. Today, we got our gaji, tomorrow, finished already. Been there, experienced that.. p/s no. 2 : Do i sound so arrogant? I intended to do like this.. Bye.. |
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Sep 19 2012, 01:50 PM
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Junior Member
50 posts Joined: Sep 2012 |
Debating is very interesting and enhancing knowledges.
BUT THE SADDEST TRUTH IS THAT GENNEVA EMPIRE IS STARTING TO FALL APART. |
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Sep 19 2012, 02:20 PM
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Junior Member
371 posts Joined: Oct 2004 From: cyberjaya |
A mutual friend approached me because my friend sorta blurted out i trade on US stock options and asked me why not invest in gold, I said I do sometimes trade on GLD but not that often then he said no no no, physical gold then proceeded to talk about gold
After listening to his, umm, flowery words, I asked him, is this Genneva thingy ? He said, no its better, he said its VGMC, some mining company, yada yada yada So my question here, is Genneva and VGMC the same but under different name ? Both are under the SC watchlist |
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Sep 19 2012, 03:48 PM
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Junior Member
42 posts Joined: Sep 2012 |
QUOTE(g1bber @ Sep 19 2012, 02:20 PM) A mutual friend approached me because my friend sorta blurted out i trade on US stock options and asked me why not invest in gold, I said I do sometimes trade on GLD but not that often then he said no no no, physical gold then proceeded to talk about gold Genneva has no relationship with VGMC.After listening to his, umm, flowery words, I asked him, is this Genneva thingy ? He said, no its better, he said its VGMC, some mining company, yada yada yada So my question here, is Genneva and VGMC the same but under different name ? Both are under the SC watchlist I would advise you to stay away from VGMC. Added on September 19, 2012, 3:49 pm QUOTE(transform @ Sep 19 2012, 01:50 PM) Debating is very interesting and enhancing knowledges. Do you have a date to go with that? Many people have been saying the same thing for years.BUT THE SADDEST TRUTH IS THAT GENNEVA EMPIRE IS STARTING TO FALL APART. But till now Genneva is still going on and improving in capital everyday. This post has been edited by Anonymous me: Sep 19 2012, 03:49 PM |
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Sep 19 2012, 04:57 PM
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Senior Member
1,864 posts Joined: Apr 2011 |
QUOTE(Anonymous me @ Sep 19 2012, 09:17 AM) Genneva has designed and packaged their products so well that Bank Negara cannot prosecute them outright. Precisely. No laws broken, what to prosecute? Bank Negara cannot prosecute Genneva outright doesn't mean they can't. Especially if you put it in black and white your guarantee / insurance on the 2% interest and principal, which you as an "anonymous cyber person" is in effect doing No, I am not selling any insurance here. I don't collect any insurance premiums in consideration. My boss suggested this offer to me, so I have their consensous. We'll continue with this offer and gauge the response. if there is no response, we shall end this. Therefore, there is a timeline to this. It does not go on forever. If your bosses meant what they say, then ask them to put the guarantee in black and white. But they no stupid, because that would get themselves into jail Genneva does not have the guts to put the guarantee of 2% interest and principal buy-back in black and white. They use only verbal promise. And also promises on the internet like what "anonymous me" suggested above. They are worthless and not legal binding. When the day finally comes, there is no way to prove such verbal promises. Some greedy ah soh and ah pek investor who don't care about black and white agreement will be convinced and dump the money into the company. When 1 day Genneva falls (which their Singapore branch is experiencing now), then these investors have to form a group and sue the Company. By that time, it is already too late. All you have got is just a gold bar worth at least 40% less than the initial investment (20% premium when buy + 20% discount if you want to sell when Genneva doesn't buy back from you) Authorities can't do anything because there is nothing in black and white. Authorities have already warned, but some of these losing investors are blaming the government's inaction. Actually it is the greed of these investors which put themselves in the awkward position. For the real life episode, do read through the forum in hardwarezone.com.sg. These are the real people losing their cold hard cash. They are angry. They go to their office to bang table and scream and shout. One of those "investors" is an old uncle whose money invested is actually his "coffin capital". Very sad.... http://forums.hardwarezone.com.sg/money-mi...ut-3861300.html http://forums.hardwarezone.com.sg/money-mi...up-3861349.html p/s there are a few scammers who post irrelevant posting in the thread, which makes reading quite annoying. Skip through those unrelated posting and you should get a good idea what is happening in Genneva Singapore. |
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