Nov 1 2012, 08:38 AM
QUOTE(empyreal @ Nov 1 2012, 07:54 AM)
the definition you're looking for is 'lurking' - reading without posting. 'trolling' is being annoying for the purpose of creating conflict.
if they give out all the gold/money, only the fastest (those in front of the queue) gets back money. those at the back (the old, etc) are unlucky if the money runs out when it reaches their turn.
in the bernie madoff case, they traced the people who received dividends and profits in the previous years and required them to pay back. once they paid back, there's more money to return.
im sure those who have benefited from genneva dont agree to giving it back for the sake of their 'brothers' and 'sisters', making their arguments about solidarity hypocritical.
I think for Geneva, we can group the Investors into a few categoriesif they give out all the gold/money, only the fastest (those in front of the queue) gets back money. those at the back (the old, etc) are unlucky if the money runs out when it reaches their turn.
in the bernie madoff case, they traced the people who received dividends and profits in the previous years and required them to pay back. once they paid back, there's more money to return.
im sure those who have benefited from genneva dont agree to giving it back for the sake of their 'brothers' and 'sisters', making their arguments about solidarity hypocritical.
1) Those who have received their so-called Gold and regular Hibah and still have faith in Geneva and want it to continue
These Group will comprise mainly the greedy Consultants and perhaps some ignorant retirees who are using the so-called Hibah to fund their children expenses. My answer to these Retirees is that if there is such a good risk free business that can generate such high returns, EPF, PNB and other corny linked Companies would be doing it. Wait just a minute, perhaps, there are already doing it.
2) Those who have received their so-called Gold and regular Hibah and have lost faith in Geneva and want out.
So, the best way is just for BNM / Govt to buy out these Investors who have Gold at the current market price. Heard that Geneva sells Gold at a premium to the Investors, so they will have to take a so-called 25% hair cut. Lose your shirt / dress, but at least still keep your skirt / pants. Plus, they also made some gains from the Hibah.
3) Those who have received their so-called Gold but have not received their Hibah and want out.
So, the best way is just for BNM / Govt to buy out these Investors who have Gold at the current market price. Heard that Geneva sells Gold at a premium to the Investors, so they will have to take a so-called 25% hair cut. But since they did not receive any Hibah, they lose more than (2) above. Lose the shirt / dress and maybe a bra but at least still keep the skirt right.
4) Those who have not received their so-called Gold or Hibah and want out.
This is what BNM is trying to do right, to trace all the assets of the Company. This group of investors have the most to lose, in fact. they stand to lose everything. If they are lucky, they will get back 10% of what they put in.
But in the end, for all you know, even if there is any money, the Gamen will just say that there is no money and take everything.
I agree that all the Investors who pocked the money in the past should be asked to return, but pity the old retirees.
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