Welcome Guest ( Log In | Register )

Bump Topic Topic Closed RSS Feed

Outline · [ Standard ] · Linear+

 GENNEVA MALAYSIA, some facts.., READ and UNDERSTAND

views
     
sam sam
post Oct 5 2012, 08:27 AM

Enthusiast
*****
Senior Member
814 posts

Joined: May 2011
It's a private scheme the goverment shouldn't be bailing them out
Problem is that if Singapore finds their Geneva an illegal scheme and Malaysia doesn't paints us as a being financially foolish
sam sam
post Oct 5 2012, 10:27 AM

Enthusiast
*****
Senior Member
814 posts

Joined: May 2011
QUOTE(alanyuppie @ Oct 5 2012, 09:51 AM)
Investors are holding on to their "rights" to profit regardless of its legality. Its no difference from becoming a triad member and gets a share of $$$ . they dont care where the $$ came from nor how the "machinery" behind the triad works ( $$ = prostitution / robbery loot /protection $$$ from all over) .

obviouly they will come and defend the snakeheads /system coz it feds them well and dunt want it to collapse..... until the snakehead proclaimed "sorry dude game over!" but they didnt.. they are using the sympathy cards + social media to last a bit longer with all the medodramatic stuff like "Please bear with us. continue support us. We will be ok! ". its just to BUY TIME.
*
people just want the return in investment the very high roi. they are not concern on how its made whether legal or illegal

as long there is new buyers the scheme continues rolling, steal from the new buyers to pay the old buyers


sam sam
post Oct 6 2012, 12:13 PM

Enthusiast
*****
Senior Member
814 posts

Joined: May 2011
QUOTE(terry8 @ Oct 6 2012, 11:54 AM)
If he works for KPMG or McKenzie as part of the consultant team, he is not the one formulating the strategy. Rather he helps put together a strategy in powerpoint on behalf of the company.

I do not believe that a strategist and experience business consultant cannot see the glaring fault in the Genneva biz model. You only need Accounting 101.

I have worked for 2 MNCs (one in the top fortune top 50) and formulated strategies for them with actual P&L responsibility. Been in the business for 22 years. I do not dare to claim I know everything.

This kind of business model cannot go through phase 1 ie. feasibility study.

The "new age" generation these days seems to embark on the policy of "spend now pay later" and they think that this will also work in business.

It's sad because these CONsultants have caused many aunties and uncles to lose their life savings. These people who trusted these people who claim that they know everything. Its better they start thinking of how to help compensate these poor people rather than blaming Bank Negara instead of themselves.

It's sad .... that's all I can say.
*
It's a willing buyer willing seller

This CONsultants may have sweet talk the buyers but the buyers should have done their due diligence.
Nobody else to be blame except themselves
sam sam
post Oct 9 2012, 08:07 AM

Enthusiast
*****
Senior Member
814 posts

Joined: May 2011
If a fortuner was carrying the gold the car should have been riding lower than normal
Was that case?
I assume in the car should be a guard, driver
sam sam
post Oct 9 2012, 05:04 PM

Enthusiast
*****
Senior Member
814 posts

Joined: May 2011
a return of 6% over twenty years is still very good
during 20 years there were few recessions. sometimes making more in a few years you may lose more during the bad years

Topic ClosedOptions
 

Change to:
| Lo-Fi Version
0.0589sec    0.33    7 queries    GZIP Disabled
Time is now: 4th December 2025 - 04:49 PM