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 GENNEVA MALAYSIA, some facts.., READ and UNDERSTAND

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SyaSarah
post Jul 23 2012, 11:25 AM

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Totally scam laa... Please don't invest everyone. The enforcement's are just giving you time to cash out before they take action...... Only time will tell...Better save than sorry. Else you wont celebrate hari raya / deepavali / christmas and CNY wooo....

It's coming...really really soon...
Cash out now....

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QUOTE(EddyLB @ Jul 21 2012, 01:38 PM)
Yes, it is free capital from greedy investors. If gold price going up, no problem. The business model works. In fact, when the customers renew, they have to pay to the company margin of higher gold price --> cash inflow

But if gold price comes down, they offer this guarantee to buy back at ORIGINAL price.

When gold price comes down, customer will insist on cash instead of holding gold. That is the time it will affect their cashflow. How do they service the loss ? You know I know lah  brows.gif

Another important ingredient in this business model (and in all other ponzi scheme) is customers' confidence. If no fresh customers funds + existing customers insist to cash it out, the business will fall.

The company is recently :

1. declared non-halal by Islamic authority
2. in the Bank Negara list of "non-authorised nor approved under the relevant laws and regulations administered by BNM"
3. gold price looks stagnant or heading down (interest 2% still have to service)
4. increase the interest to 3%pm to attract old customers not to cash out (ie avoid cash outflow)

What does that mean ?  sweat.gif
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SyaSarah
post Aug 8 2012, 11:48 AM

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QUOTE(EddyLB @ Aug 8 2012, 10:20 AM)
Son, you are very funny....

1. None of the banks in malaysia have not been declared contravening any laws by BNM (whereas BNM has warned us about Genneva)

2. Other people break the law doesn't mean that you can break the law. Are you saying after you kill someone, and you show proof that there are other killers also kill someone, it will make you Ok to kill ?  biggrin.gif

Son, don't waste your time to compare Genneva with banks lah. Banks are trusted, listed co, big paid up capital, decades of operation history, protected with PIDM.

Genneva paid up capital is only RM50k. Start business only a few years. Its predecessor Genneva Sdn Bhd still have court case with BNM ongoing. Last month BNM warn the consumers. Islamic Authority declared you not halal. Consumer Association lodge police report.

What will consumer think ?
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End of an Era of Gold Investment
Very Interesting on Gold.... Read through ok...

http://seekingalpha.com/article/779521-end...-gold-investors

The real price of gold is near the highest price it has been since the price was allowed to float in 1969. The last time gold was this high, the metal spent the next 12 years declining and did not hit bottom until it has lost 82% of its value in real terms. There is no really good reason to believe that the same exact pattern will be repeated this time, but we can be fairly certain that many of the factors that drove gold to the current heights are either unsustainable or that there exist other hedging instruments that are both cheaper and more effective. Gold might still go higher, but it is no longer a one way ticket. In the next decade, investors will need to hold a wider variety of alternative assets to hedge their traditional investments, and they will need to trade more frequently than in the past decade.

Please click on the link yeaa.... and don't invest in GMSB.... I know something that u don't... smile.gif







SyaSarah
post Aug 9 2012, 10:17 AM

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QUOTE(edyek @ Aug 9 2012, 09:12 AM)
Dear millionaire boss,

Again im asking why you want to buy Rm1000 per Gold bar at Tom shop if you can get Rm900 per Gold bar at Harry shop?

Any sane millionaire investor would know if they want gold bar, they would go and buy the Rm900 at harrys' not the Rm1000 at toms'.

Im a newbie in investment therefore i want to know your thought on this.. Care to share?
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Example. Calculation quoted for 1kg of Gold.

1 - I buy gold from GMSB at 1kg at RM208k ( Market price around RM170k. Dont believe, check the price la.)
2 - GMSB so called promise to give me hibah 2% for 3 month. That's RM 4160 x 3 = RM12,480.
BTW, hibah cannot be define upfront, it is a gift if the so called company make profit. How can u predict the profit when it has not taken place yet?
3 - After 3 month, I receive total Hibah of RM 12,480.

4 - GMSB gimme option:

i - Keep gold. ( I already loose money because i bought at damned markup price of > 30%)
ii - Sell outside. No person want's to buy my gold at RM 208k or even RM 170k or even if the actual market price is at let's say RM 220k( in your wildest dream). They will always buy it at a discount rate of at least 20 - 25% lower as mentioned in GMSB website. If sell at Habib, they take less 40% than spot market price. That is already a loose of at least RM 43k.
iii - Ohh, it seems that i have no choice. I have to sell at GMSB at the so called not promised purchase price (which is totally BS). Ok, so I get capital back. RM 208k ( if the so called willing buyer willing seller works ). And now GMSB have my gold... and I walk away happily with the hibah i received and no gold.

The next customer comes in. They repeat the same process only this time GMSB gold price is at let's say 205k. But wait a tick, they are giving the new chap my previous gold. Which means????????????? They don't have to fork out money to buy the new chap a gold bar. Because they already have my previous gold stock. They oredi make profit by not buying new gold bar and at the same time this new chap receives hibah from his own money..... The cycle repeats itself it I were to re-invest in the scheme..... Makes sense huhh????

To GMSB, tick tock, tick tock...the clock is ticking....huhuhuhu... better stop misleading people ye. I know how much money u have in yur account.... but cannot tell laa... Nanti become rafizi woooo. Section 97 Bafia.... And stop telling bullshit stories about u getting approval under BAFIA. That was under DIMENSI Sentosa.... Change name, all business model change still wants to tell whole world have approval from BNM to operate... On paper no such thing as buy back guarantee, but in reality?? If u tell upfront GMSB won't guarantee u buy back people's gold u think they will invest aarr?? The only reason people give u money because they want hibah only. Gold wafer is just a collateral kan??? kan kan kan??? Approval oso for Factoring and Leasing Bisnesss...hahahha...GMSB have factoring aaarrr???

Chiowwwwww XOXO...


SyaSarah
post Aug 10 2012, 03:03 PM

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QUOTE(wongmunkeong @ Aug 10 2012, 02:32 PM)
Mr Pokemonkiller. Needn't be so angry lar - U share your pro Genneva views, others share their "becareful" views.
Thus, if U can share your gung-ho support, why can't others balance the scale by stating some items to be aware of?

Don't lar start attacking personally - all the "becareful" views are stating evidences, whereas from my perspective, the supporters of Genneva are stating "heresays" and no solid evidences. Note - evidence = from a reputable third party, say BNM,
or
a "business profit method" thus Genneva can afford to pay back their "investors", or now known as "traders".
or
the structurally iffy (to the "traders"/buyers) contracts one has to sign.

Just a thought - not wishing anyone's "backside tear" as U so eloquently put it to EddyLB  notworthy.gif
".... So many negative remarks coming from you people already tarnishing the image, I guess by the time you managed to see him, your backside will tear already.."
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Encik Sengih, u "conman sultant" GMSB kaaa? In investlah oso same story.. Why not u call by yourself BNM Link by yourself??? Your friend told u aarr??
Told yaa: Public Awareness.... Check...
Tick Tock Tick Tock..... How many days left before "they" come in??? rclxms.gif
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