Normal lar - like previous eagle , when asked to verify calculations i simulated in Excel from his own website, went into "run silent" mode like a submarine.

Biz model - doesnt make sense
Cost - doesnt make sense
BNM - still after them

Triple whammy - still can "sell"?
Yes! Unfortunately - to those who are less clued in.
My mum was nearly a victim - hehe, luckily she knows to poke me about it first.
Her neighbor is "selling" such "gold scheme". Well, payback's going to be a b**** i think.

This post has been edited by wongmunkeong: Mar 20 2012, 12:43 PM

My dear - after reading all the posts above, U still asking whether scam/ponzi or not?
It's the best deal ever! <note sarcasm>

Hey, U are absolutely right!
Just like Madoff's case - it MUST be real and not a scam coz it kept paying out several years! (until kaka hits the fan)
http://en.wikipedia.org/wiki/Madoff_investment_scandal

BTW, it's also not a scam to sell kaka at $100 and offer 2%pm with other "incentives". It doesn't mean it's a smart thing to do since the biz model doesnt make sense and not sustainable. Then again, if U are the 1st few and can con others into it, why not right? It's all about the money <thick dripping sarcasm>

Bro ProphetJul,

"You can't help people who INTENTIONALLY wants to get rich SUDDENLY"
+ "A fool and his money are soon parted" (BTW, i'm still wondering how a fool got the $ in the first place )
+ "There's a sucker born every minute" (imagine the exponential numbers with current world population! )

Sometimes no point in trying to logic things out with some people, especially when all the facts/statistics/cow-sense are already stated.
Time will tell whether their perspective/reality is true or not.

Just a thought

Most people don't THINK.. due to greed or pure stupidity.

Occam's Razor - follow the money,
IF it doesn't make sense on how the investment can AFFORD to pay out to investor +make $ +cover cost of operations... something's not kosher.

hehe off-topic a bit ar mods
Bruce Lee taught me to "take what works, drop what doesn't" - who cares whether its Jew's, Aborigine's, Afrikaan's, Chinese, etc.

Back to topic
True mar - how does Genneva makes / gets the $ to pay investors such returns %?
Would-be investors just need to do the most simplest and thus, most probable (Occam & his razor ) - follow the money trail

This post has been edited by wongmunkeong: Jun 27 2012, 01:38 PM

(thinking stops) Luckily that happens to me only when i see lang luis
Greed... yeah & the worse part is suckers get other suckers into it.. sounds just like the great Goldquest gold coin scam and the likes

It's called using OPM mar (Other People's Money)
note the dripping sarcasm until i "see the light" of this great investment SCHEME

Coz either:
a. Most people ("them") follow greed/fear INSTEAD of listing down in Excel or paper, and analyzing for 3 to 5 years+ impact
OR
b. People like U and i aren't as enlightened as "them" to these kind of NEW investment SCHEMES. Hey, paradigm shift U know (if ever there was an over used cliche.. "Paradigm Shift")

Only old man time will know the truth.

Good idea - just like GoldQuest.

There's no argument lar great trader, we're just bouncing whether
a. it's an INVESTMENT per se or not
b. sustainability / risks

Good to hear someone is poketing RM15K in "interest" (eh tak boleh call interest lar, hibah!) every month, exposing $XX,XXX,XXX to gawd knows what risks

eh bro, dont lar like that.
The investor of $750K can see what U & i don't see lar. U got $750K to throw away meh?
When U have, then only talk lar <tongue in cheek sarcasm>

People can afford mar + know more in-depth than U & i.. ooops me at least,
coz i can't afford to throw $750K into something like THAT
(Gin ni wah - alakazam! poof more $ or no $, got gold ar... oh wait.. gold not in my hands yet, hopefully not DHL delivery half-way lost)

Sorry ar.. ran out of caffeine..

Additional statistics:
Genting Big Co. (paid up capital)
AND
we know its business model is logical and sustainable on how it makes MORE THAN ENOUGH $ to pay its gamblers their winnings (IF they win)
statistical probability of gamblers winning in the long run is less than 45% (depending on games), thus long term-wise, gamblers as a whole, lose VS Genting wins
That's how Genting can afford the cost of operations, expansion and pay out to winners

Ginni wah? er.. take other people's money (OPM) and roll or?
Sorry ar "investors", please help me see the light. I also want 2% per month interest.. whoops, hibah + contractual buy back (or was this changed too?)

BTW, hibah = gift
This is a token given voluntarily by a debtor to a debitor in return for a loan. Hibah usually arises in practice when Islamic banks voluntarily pay their customers a 'gift' on savings account balances, representing a portion of the profit made by using those savings account balances in other activities.
It is important to note that while it appears similar to interest, and may, in effect, have the same outcome, Hibah is a voluntary payment made (or not made) at the bank's discretion, and cannot be 'guaranteed.'{akin to Dividends earned by Shares, however it is not time bound but is at the bank's discretion) However, the opportunity of receiving high Hibah will draw in customers' savings, providing the bank with capital necessary to create its profits; if the ventures are profitable, then some of those profits may be gifted back to its customers as Hibah
from http://en.wikipedia.org/wiki/Islamic_banking

Is this a bank of some sort?
I'm very worried on the part "...and cannot be 'guaranteed...." + not a bank

This post has been edited by wongmunkeong: Jul 6 2012, 07:11 AM

I think post #178 is already about Genneva Malaysia S/B, not the old / parent Genneva

huh?
There's nothing "to believe" or not.

Bro, U comprehend English and what U were posting earlier?
"geneva s/b has been banned... lets see how geneva msia s/b fairs this time..."
I'm just sharing that there is a posting already ABOUT kaka hitting Genneva Malaysia S/B, not GENNEVA S/B only.

Please do enlighten me on what you were TRYING to share earlier and now, your response.
Perhaps coffee would help easier understanding / comprehension of English

Pink - i can imagine the big guys thinking:

"Aiya - don't lar bean counter me and kacau kacau audit me.
I bz U know - see how many customers and investors i got
All throwing $ at me and saying i'm their best-est investment hahaha"

Oh well... these "investors" are so lucky to get in at the bottom (and hopefully ran out before the music stops).
Dang - i wish i was that lucky and smart. All my parents' fault for making me logical and numerically sound.

This post has been edited by wongmunkeong: Jul 13 2012, 11:01 AM

eh? I was aiming at the "investors" that kept saying its dah best-est west-est, not the company wor (which we all know...)
hehe - and worse still, these "investors" dragged in their friends and family (i personally know of 2 such happening related to my family and my lady friend's family).

Unfortunately some people dont care where the $ comes from, just like those who dont care about blood diamonds.
Dont worry Eddy, karma + payback's going to be a b*tch to these people

This post has been edited by wongmunkeong: Jul 13 2012, 09:16 PM

bro, quit nitpicking - 3% / 6mths = 0.5% per month in simple calculation.
If U want an Excel calculation, it doesn't run far as the compounding of % pm isn't much difference at 0.5%-/+.

For a heavy Kopitiam poster to "logic things out" against investors and heavy posters here, U really do need a good calculator + some logic
and i'm assUme-ing U aren't one of Genneva's "investors" still trying to get the gang to "see the light"

---

Added on July 14, 2012, 10:16 amOccam's Razor cut cut + "follow the $ trail" =
Aiya - no eye see lar these "investors", all i worry is that they con oops.. convince other ah sohs and uncles into it too.
I hope that Hell has a very special place for these types.

This post has been edited by wongmunkeong: Jul 14 2012, 10:16 AM

Wow... $7.55 variance
In simple English, it's nitpicking. U comprehend?
Life must be tough on U huh?

This post has been edited by wongmunkeong: Jul 14 2012, 10:32 AM

Bwhahhah - bro, THIS i believe. I must be a real bast*rd in previous incarnations (must go checkout the Scientology auditing ) since i seem to have so much
"responsibilities"
Sorry ar mods - off topic.