GENNEVA MALAYSIA, some facts.., READ and UNDERSTAND
GENNEVA MALAYSIA, some facts.., READ and UNDERSTAND
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Aug 5 2012, 12:35 PM
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#1
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29 posts Joined: Aug 2012 |
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Aug 5 2012, 01:03 PM
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#2
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Aug 5 2012, 07:39 PM
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#3
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Check this out
http://www.aljazeera.com/business/2012/07/...3513872418.html Bank also doing illegal thing behind woh! How now? Better withdraw all you monies from them before kena frozen by BN loh. |
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Aug 5 2012, 08:04 PM
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#4
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Aug 5 2012, 08:36 PM
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#5
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QUOTE(EddyLB @ Aug 5 2012, 08:27 PM) Son, Papa,I highlighted the word you use RED RED, BIG BIG your "mata" cannot see arr.... you use the word ALSO . Primary school kids know what it means, you don't know meh ? You all are confirming here that Genneva is doing illegal business mah. So I just continue from there and tell you that Bank ALSO doing illegal things mah. I did not say whether Genneva is illegal or not leh !! Paham tak?? You Inglish OK or not? Talking to you makes me This post has been edited by pokemonkiller: Aug 5 2012, 08:37 PM |
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Aug 5 2012, 09:43 PM
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#6
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QUOTE(EddyLB @ Aug 5 2012, 08:53 PM) Ok son, since you don't understand, let Papa teach you. OK Papa,1. We all never say Genneva is legal or illegal. It is Bank Negara Malaysia and Islamic Authority say it. You and me cannot judge whether it is legal or not 2. Primary school English - "also". When you say "bank also doing illegal thing...", the sentence means Genneva is illegal, so the bank also illegal. If Genneva is not illegal, then you should say "bank is doing illegal thing....". If you think Genneva is not illegal, don't put "also" in your sentence, understand son ? It's Ok, don't need to feel bad about your English. Everybody makes mistake. Learn from mistake and your English will improve. Keep it up, son ! Your Inglish vely teror one loh. You win alehdi loh. Can tell me where you buy the sertifikate ah? I ALSO want to buy leh. |
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Aug 7 2012, 07:25 AM
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#7
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QUOTE(doraemonkiller @ Aug 7 2012, 12:04 AM) First thing, bank do not buy gold which does not belong to them. WOW!! You really got very good imagination, very good analyst, can be a very good financial adviser and excellent investor!!Second, Goldsmith shop especially those listed company do not accept trade in for cash if there is no receipt or receipt is not issued by them. This is to avoid robbery issue and practice good responsibility to the customers and social. So there is trick that people will change it for gold bar then only sell it for cash which will go through double deduction. Lets say the sale gold price: Bank: RM165 [cash deal] Goldsmith shop (PK and Tomei): RM195 [accept cash, credit card, ezypayment 12% without interest for some bar] Genneva: RM215 Buy back price Bank: RM158 (dispersion 4% average from RM165) Goldsmith shop (PK and Tomei): RM170 (dispersion 12% average) You buy 100 grams from Genneva, can't sell back to them due to some issue. So you go to bank but not acceptable. Go to goldsmith shop trade in for gold bar lose 25% of goldsmith shop price. So from RM215 (Genneva price) became RM146 (we use RM195 - 25%) then trade in for cash minus another 12% only left RM128. So total value disappear around 40%. You prefer to lose 4%, 12% or 40%? You prefer to hold paper gold or physical gold? Are you a risk taker? Keep it up!! But are you very successful in your investment so far and very rich already or just merely an employee of a firm who is just a small player scratching your head every day to see where is the best place to invest your hard earned money? |
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Aug 8 2012, 07:17 AM
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The other day we have this...
http://www.aljazeera.com/business/2012/07/...3513872418.html Now got one more..... http://www.aljazeera.com/news/americas/201...5518978631.html How ?? Err.....is this how Banks generate income to pay you the few percent of interest per year ???!!! Looks like banks are more into illegal business now....better withdraw all your money before they This post has been edited by pokemonkiller: Aug 8 2012, 07:18 AM |
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Aug 8 2012, 07:32 PM
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#9
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QUOTE(EddyLB @ Aug 8 2012, 10:20 AM) Son, you are very funny.... Papa, you are getting too old aledy.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 ? 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 ? Banks are trusted, listed co, big paid up capital, decades of operation history eh? What you talking ? BNM ownself is screwed up. You so good in browsing internet and doing research mah can you explain this leh --- http://cgmalaysia.blogspot.com/2012/06/ban...ing-losses.html http://malaysiansmustknowthetruth.blogspot...-no-wonder.html RM30 billion scandal leh. How many pieces of gold can buy oh ?? Is it considered legally doing something illegal ah? By the way are you "potong" aledy ah? Why you worry whether they comply with the Fatwa or Syariah issue leh? For non-muslim it is not an issue leh. You cannot say not halal mah because it is not BAK KUT TEH oh. One more thing.....BN did not mention Genneva is illegal. It just listed in their list of companies that consist of investment companies that are not licensed by them. That's all. So how can a company which is registered to do trading be a licensed investment company.....of course not mah. Understand the contents first, don't simply jump to conclusion and say the wrong thing loh !! Read this very carefully which is from their website ---- Question: Does GENNEVA have a license from Bank Negara Malaysia or Securities Commission Malaysia? Answer: No. GENNEVA is a gold trader, not an investment company and does not fall under the purview of Bank Negara Malaysia nor the Securities Commission Malaysia. |
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Aug 8 2012, 10:28 PM
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QUOTE(b00n @ Aug 8 2012, 09:33 PM) Wow...advertisment tactic changed. The last I heard, they are: Hello Mr. Miow, Miow,1. Investment 2. Shariah compliant 3. BNM approved Btw, precious metal trading in volume is monitored under AMLA, thus will be under the purview of BNM. Don't just hear, go and investigate yourself, see for yourself with your own eyes and listen attentively. It has always been a trading business. There are many people like you out there who twist it and spread the news as an investment company because simple minded people like you all keep on thinking and have the mind set that got return(money given back to you) is always classified as investment. Dr. M launched the Syariah Compliance and it has not changed since then. It is only recently when the fatwa people started the story of non-compliance which is indirectly shooting the syariah people. That means you have not even seen the launching by Dr. M on youtube. Where is/was it ever stated before it was BNM approved?? This post has been edited by pokemonkiller: Aug 8 2012, 10:31 PM |
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Aug 8 2012, 11:34 PM
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I am just wondering people like Papa EddyLB, Guitar Player (Spidey) Accountant, etc, are they great and very experienced investors with investments touching millions in the share market or just someone who likes to yak on blog sites to show off their knowledge which they learn from friends, books, newspaper.
Or are they just scaremongers? Remember this --- “If you’re not brave, you will always be poor.” If Uncle Lim NEVER TOOK THE RISK to build Genting, because everyone thinks he is stupid to open a casino so high up in the mountain and people will ask which a#$ hole will go there, then he will not be what he is today and will still be riding bicycle today and his kids may be selling VCD instead !! |
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Aug 8 2012, 11:48 PM
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#12
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Aug 9 2012, 12:52 AM
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QUOTE(doraemonkiller @ Aug 8 2012, 11:51 PM) Never link Uncle Lim to your GMSB scheme. I still remember your colleagues told the customers that Poh Kong do buy back their gold bar. At the end PK had to make announcement in the newspaper after so much of complaint. I believe Dr.Mahathir was one of the victim too. Hello doraemon, don't be mistaken, don't say my colleagues because I am not their staff.Added on August 8, 2012, 11:52 pm your colleagues and customers say one. FYI, I invest in many places in big amounts so I know what risk you people are talking about in this forum from March till now with no ending and only full of fear. As such I got the feel of every investment, you name it. Here itself I have bought in the region of 7 digits. So I have done lots of investigation before getting involve. I can say that it is many times safer and better than buying shares. Too bad if you hear from the people who gave you wrong info. You should personally drop by at the shop and discover yourself to see what is going on. |
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Aug 9 2012, 07:29 AM
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#14
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QUOTE(doraemonkiller @ Aug 9 2012, 02:15 AM) Sry bro, I'm not that kind of uncle auntie who have no finance knowledge. Don't create funny story like what MLM did to show your stupidity. Just post the picture of your car and house with your face to show how successful you are instead crapping, twisting, bullshit without sense. Hello bro, I know you are very knowledgeable, that is why you give a lot of your opinions here to "advise" people.Pat Lu, stop create multiple account with pokemon, digimon, sailormon. EDIT: BTW, I believe most of the goldsmith shops and other co have receive this this week http://www.bnm.gov.my/documents/2012/Finan...lert_listEN.pdf Believe something will happen soon. You think I never read about the document link that you have attached? Sorry bro, before it came out I already read. It is nothing new but just a repeat of what you find in the BNM website. You people keep on posting the same things all over again and again getting very tensed and excited about finding links. You just scroll up this forum and see how many repeats are there if you don't believe. This is not funny story like MLM lah. I don't know who is stupid. FYI, I was also agent for quite a number of MLM before. So don't teach your grandmother how to suck eggs. FYI also, I am a low profile guy so I don't show off with BMWs, Mercedes, big house to tell people I am loaded. You want to get killed ah? Bodoh punya mentality. You don't read newspaper one ah? You like to see people posting their face with yatch by the seaside and big mansion and some Ferrari on facebook and you will believe 100% they are succesful ah? No wonder so many women get corned by the Africans with this tactic lah !!! BTW, pokemonkiller and doraemonkiller are not the same person, so is pokemon, digimon, sailormon !!! They are all different characters lah......wake up brother..........go and watch cartoon network to find out more. Don't just sit in front of your pc and imagine. |
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Aug 9 2012, 10:28 AM
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#15
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QUOTE(prophetjul @ Aug 9 2012, 08:14 AM) “If you’re not brave, you will always be poor.” Hello Prophet, you don't sound like a prophet lah.To that.... THERES A SUCKER BORN EVERY MINUTE AND BEING STUPID IS NOT BRAVERY. FOOLS AND THEIR MONEY ARE SOON PARTED Added on August 9, 2012, 8:20 amoH.....i am not brave..........BUT I DONT THINK* I AM poor..... You sound like a Taliban, you know |
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Aug 9 2012, 03:09 PM
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#16
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You fellows are pensioners or what?
No work to do one ah? Now is working time but I see the same few fellows posting non-stop throughout the day one? Go and do something more productive lah! Don't spend so much time calculating, show this scenario lah, that scenario lah, wondering how people make the profit. That is non of your business !! I see the same old calculations repeated over again and again from March until now. You don't feel boring one meh? Why not you do some analysis on normal gold smith shop then. They rent huge retail lots in shopping centres which cost them a bomb, they have all the sales staff manning the shop, they have so much millions worth of stock in the shop itself.....but there are hardly any customers. Most of the time you see their staff getting so bored. So how do they survive? How much profit do they need to make in a day to cover their overheads? How come they never close shop? What is the secret behind? If you really so confidently think it is a scam, then stay away and don't bother about it. Otherwise why not you dump in 10K instead and see and feel for yourself if the business model makes sense or not. Then you can give us your professional advice based on your true experience compared with your calculations. If you can't even afford to lose 10K (should it be a scam) to clear the doubt, that means you are no big time player and talk only as if you are great and experienced investors. Don't tell me it is a stupid idea to throw in your precious money because it is just like dumping the money in the casino. If you do then you are simply a no risk taker because you only have a miserable sum of money to play with which you have saved during your entire working life and therefore not fit to talk about investment. Remember --- empty vessels always make a lot of noise !! |
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Aug 9 2012, 03:51 PM
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#17
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QUOTE(doraemonkiller @ Aug 9 2012, 03:22 PM) Sry little slave. I din't know you have no rest, no life to get your 10 digits income. I din't know you have no smart phone to online. I din't know your business is so good until you have to twist around here. I don't gamble in casino like what people dump their money to Genneva. There you go again.I wonder who is twisting and turning. Did I ever mentioned at all I have to struggle whole day and night long to make ends meet in order to get 10 digits income until I have no rest and no life ah?? Show me which sentence please...if you can't then better go for eye check up loh. I am talking about you people leh! Spend your precious time doing more productive work. If you are a pensioner, then go and do some gardening, help you wife clean the house, take care of your grand children, blah blah blah. FYI, I am writing using Samsung Notes leh. Did I also ever mentioned that I have to use my pc to log in ah? Show me which sentence please...if you can't then better go for eye check up loh. Don't simply add salt, add vinegar leh (KAH YIM KAH CHOU). |
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Aug 9 2012, 10:39 PM
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#18
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QUOTE(EddyLB @ Aug 9 2012, 10:26 PM) Boss, I think it is not the "form" that we should be concerned with. I believe it is the "substance" which makes BNM issue the warning on these 77 companies. Tomorrow you just call this number 1300-88-5465. Press 2 for English, and listen with your own ears from the staff of BNM and ask them directly to clear your doubts lah.When questions of its source of income left unanswered (so many of us here asked so many times), it creates so many question marks over the head. Stop guessing from morning till night lah !!! Why are you so concerned about how they profit leh? You think the bosses are so stupid to tell you their trade secrets ah? In that case can you ask KFC for their secret formula so that before you eat you know exactly what are the ingredients in case they put something like ganja to make you feel good in order to keep you go on eating them leh ?? Do you ask Banks where they invest to make profit to pay interest before you deposit your money inside ah? They say only invest here there, but where? Got proof ah? What happen if they are doing illegal money laundering or forex scandal like what was posted here earlier leh? Nobody responded to that oh. If you have completely no trust in them, just focus on some other investment lah! Why keep on hogging on this issue 24/7 when you know very well you will never dump your precious money inside?? Don't torture yourself for nothing. Life is short. This post has been edited by pokemonkiller: Aug 9 2012, 10:42 PM |
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Aug 10 2012, 09:52 AM
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QUOTE(prophetjul @ Aug 10 2012, 08:19 AM) Trades secret wor......... Hello Taliban, people talk about A and there are people like you who reply and talk about B.Someone said we are armchair.....warmers. Well, i have been to their meetings at the beginning....they cant answer the question above. i asked a) why pay for a gold BAR, yes a BAR, at 30% above spot? Its NOT jewellery......You are paying yourself the HIBah ANYTHING including numis let alone a gold BAR b) Guarantee buyback is not written in BUT its spouted as TRUTH in the meetings.. c) As i follow their history, they tend to change their T & Cs like chameleons change their coclour d) Some have actually experienced SLOW payments and delivery of BARS. What the heck? i get delivery OVER The counter at the jewellers for the same price! f) Fatwa said NOt Syahriah compliant.....Red FLAG e) Why now the NEW conditions of contract? ,..... RED FLAG What dont we know?......IT S a HIGH RISK way of investing...making Madoff look safer! Looks like the with the new conditions, its entreing Hotel California......Get in, Cant get out.......... The "Iceman" said at least he knows KFC is selling fried chicken huh? You call that a good reply? What was my question......read and understand properly please!! In that case I can also reply and say "at least I know Genneva is selling genuine gold bar"...?? He also said at least he knows that banks lend money to borrowers at higher interest rate......?? Good reply heh? Who are the borrowers/suckers who are so stupid to give the bank high interest rate?? Are they drug cartel people or Ah Long or what? Where is the proof? Why you people never clarify and ask KFC and Banks to proof their business dealings/transactions?? Do you understand or know the reason why T&C changes or not? Don't know ah? Why every now and then the stupid Banks suka suka will send piece of shit indicating changes/amendments to their original T&C one? You got call and ask them or not? Don't tell me you have never receive such thing!! Also chameleons isn't it ?? The company IS NOT an investment company, therefore is not allowed and must not put in black and white such things as guaranteed returns, guaranteed buy back.....understand MR. Great investor?? The way you post here, it must be you who are asking annoying, irritating and stupid questions in their meetings, that is why they don't bother to reply you because there a lots of trouble makers out there who behave like you. You have been investing in gold for the last 12 years ah? Where....maybank2u ah? When you buy over the counter in the jewelers, they got ask you to sign S&P and have to wait for processing or not? If you buy from jeweler A and immediately walk into jeweler B and sell back to them, do they give you the same amount that you have paid for at Jeweler A ah? You just bought it loh, still very hot one, jeweler B should pay you back exactly what you paid for in jeweler A mah. Fatwa is talking KOK because it is indirectly telling Syariah is stupid to say it is compliance a few years back. That applies to Muslim....not you unless you sudah potong leh!! New conditions means to tell you to UNDERSTAND the "risk" involved (if you think there is any) and that you are "willingly" yet so stupid to dump you precious hard earned money inside. If you think you are so intelligent, then don't sign and don't buy anything.....period!! No one is forcing you to buy from them. Why you so tension and keep on asking the same old questions over and over and over like how they generate their income lah, why buy from them when their price is much higher than outside lah, blah blah blah lah!! If you are so confident that this is a scam, just stop looking and talking about it!!! I have told you people this before but it just cannot penetrate the thick skulls. |
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Aug 10 2012, 10:44 AM
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#20
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QUOTE(prophetjul @ Aug 10 2012, 10:07 AM) i am not even bothered with this CONsultant......... OK, then what the hell did you write this??i dont buy gold BARS from jewellers. Only SUCKers do that.......... END OF. d) Some have actually experienced SLOW payments and delivery of BARS. What the heck? i get delivery OVER The counter at the jewellers for the same price! It means that you have experienced before when you bought at jewelers, you get the delivery on the spot over the counter and no need to wait. That is why you asked the question why slow payment and slow delivery of BARS ...... right or wrong?? Answer directly and don't twist and talk something else please. |
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