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 Geneva Malaysia V2, more facts will be revealed soon...

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Stimx
post Oct 11 2012, 06:29 PM

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icon_rolleyes.gif

doh.gif some people is still putting faith to this GM.. thinking that the 2% will still be paid and the GM will still continue.. doh.gif Whats in their mind.... hmm.gif
Stimx
post Oct 12 2012, 11:46 AM

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QUOTE(JayCK @ Oct 12 2012, 11:42 AM)
I think three of the main causes of this whole genneva debacle are (1)lack of understanding of financial systems; (2) poor numeracy skills of Malaysians and (3) greed. Lack of info from authorities and delay in action by authorities are contributory causes.
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Probrably the consultant mask the whole package and offered to auntie uncle saying that passive income for the rest of the life... Uncle Auntie, Datuk nenek all no do research one, somemore people with shallow knowledge, only listen to speakers, brainwash by them, and by the greed within them to put their life savings in it..(hopefully not)...

They need to wake up... icon_question.gif
Stimx
post Oct 15 2012, 09:52 AM

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QUOTE(gogo2 @ Oct 15 2012, 09:47 AM)
Someone in this forum said he hate Hibah word already after listening that word many times from Genneva CONsultant. sweat.gif
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My 1 cents opinion, in Sg they call it discount/rebate, here they called it hibah..damn... don't they see it? The whole game is the same... these people doh.gif shakehead.gif
Stimx
post Oct 15 2012, 03:28 PM

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QUOTE(HighRoller84 @ Oct 15 2012, 03:23 PM)
That statement is a big slap to genneva consultants who have been championing the company's cause.
The blame is shifted to the consultants for "misrepresenting" the company's product.
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Is there any risk to consultant or maybe if they have done wrong in misintrepretation? Should a customer start to sue the consultant/agent, arent they protected by the company? hmm.gif i guess this will take quite a while before the truth is unfold...

Most of the people bising is becuase of 2%. Now that there is no promises, will they just keep quite and move on with thier life? hmm.gif
Stimx
post Oct 15 2012, 05:03 PM

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QUOTE(pkiensing @ Oct 15 2012, 04:50 PM)
bingo!!! they covered themselves well... even giving you the gold without the promises purity and perhaps the weight...
i am looking at least a total of above 80% loses for the investors which holding the Gold.
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hmm.gif why so high consideration the gold is pure...base on my calculation, at max is about 50% laugh.gif
Stimx
post Oct 16 2012, 11:15 AM

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QUOTE(KentPhan @ Oct 16 2012, 11:12 AM)
That is a good news, if it happens!

Sales person shall be accountable for their sales talks. Since Genneva said no hibah no bayback in their "paper" terms, consultants were the one to be blamed for their screwed up of the "pure" gold trading business by Genneva.
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Can BNM do that? Wow then customer need to testify against consultant.. then GM MD step out and back their consultant? hmm.gif
Stimx
post Oct 17 2012, 09:17 AM

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» Click to show Spoiler - click again to hide... «


Saw many crying for hibah.. means consultant really promises the buyer/investor the 2%.
Stimx
post Oct 17 2012, 02:24 PM

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QUOTE(prophetjul @ Oct 17 2012, 02:10 PM)
Hi

The POINT is that the CONsultants are actually CONNing FOR the company.

BUT the company is NOT CONning in the sense that they have declared the EXclusions of guarantee.
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You have got a very valid point there. The company is discharging themselves in wrong doing.

But somehow the company needs to explain in paying the 2% hibah to their buyer.

Consultants... god luck...
Stimx
post Oct 17 2012, 03:51 PM

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QUOTE(prophetjul @ Oct 17 2012, 02:49 PM)
YESSum............Genneva can turn around and tell them CONsultants,

"YOU promised the investors, Genneva did NOT. YOU are in the wrong, Not the company!"
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laugh.gif thumbup.gif good one...
Stimx
post Oct 17 2012, 04:45 PM

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QUOTE(jack2 @ Oct 17 2012, 02:01 PM)
LoL... some is non-sense so lazy to read  laugh.gif
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laugh.gif laugh.gif thumbup.gif
Stimx
post Oct 18 2012, 09:50 AM

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Till date, the company Director, CEO or anybody holding the higher position did not come out and justify the company operations and income that the claims 'trade secret' to save the company.

For those with gold, wait till the rate shoot to gain back the lost difference, maybe profit...(hopefully)
For those without gold, sorry....feel real sympathy to you. Blame the consultant that approached you. $ lost consider a good lesson...
For those waiting for hibah or whatever, stop dreaming and get on with your life....
For those that owe bank money...nothing you can hope from GM. Try sourcing other income source to settle it.

Its been an interesting event for this kind of raid by the authorities. I see posting on fb are dying already, and no exciting updates. Battle consider lost for GM.

Good luck for the unfortunate one....peace icon_rolleyes.gif
Stimx
post Oct 18 2012, 12:13 PM

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QUOTE(Dan01 @ Oct 18 2012, 12:11 PM)
If there is, they would be quiet about it.. because that would clearly be a deposit taking scheme.. i.e GM keep gold for higher return.
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I wonder what are the transition period value... hmm.gif If they delay in providing the gold, the transistion period value could go up to 1 million... hmm.gif just a thought...
Stimx
post Oct 19 2012, 09:16 AM

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blink.gif GM General Manager signed the letter. The company is not completely close its entity yet. What are they waiting for? Its a real surprise when i see there are still a human that sign the letter laugh.gif ... In a month time, who gonna pay for the rental and their internal staff cost? hmm.gif atau they are just working as charity?

flex.gif it was told that 100kg gold was carted away. Actually did any one saw that gold? How do the consultant know that there is 100kg and not 10kg? hmm.gif

sweat.gif there will be a whole new episodes... brows.gif I wonder who will be at the HQ line up and ready to get their hibah or gold.... shakehead.gif If the poor old folks are there.. i really pity them.... cry.gif

Marching to Putrajaya... it didn't turn out?? unsure.gif






Stimx
post Oct 25 2012, 04:30 PM

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QUOTE(gogo2 @ Oct 25 2012, 04:22 PM)
I want to post this already. OMG... they really  shakehead.gif

But they keep on scolding BN. I feel sad that many BN hater is Genneva victim. Means BN hater is  icon_question.gif
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If you joined such MLM or motivation kind of seminar or some agency that push you to the limit to sale thier product... thats how they changed you. But in GM, i see most consultant are still being contain in a bottle where they are still believe what the company teaches them are correct and the law is not correct. doh.gif

These people also thick skin and want face. So that kind of pride and confident that are being given to their customer must preserve till the end. I guess a sense of responsibility kua??? hmm.gif

BN la, PM la, Putrajaya la.. wow there are so great as if they run the country already.... laugh.gif
Stimx
post Oct 30 2012, 09:31 AM

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QUOTE(gundam98 @ Oct 30 2012, 08:17 AM)
how many % of Genneva gold buyer that is actually holding the gold bars?? or they just got the cert?
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But if you look at alzeera interview with lulu, u notice lulu is showing off a stack of cert. I wonder, if the cert is on hand, means there is no gold?
Any buyers can clarify this?

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