i disagree that is the same like purchasing paper gold from bank. paper gold sold by banks are many times more transparent and the T&C are very clear.

If they are genuinely confident they can pay clients 3% every quarter for 2 years, why not just put it down in black and white, straight forward, no need a thick contract with so many jargons and foreign documents , certifications which we find difficult to verify.

I believe it is those many pages of documents there lie the risks when the company decides to play dirty. surely those words there are meant to cover them when this happens.

However if the documents are in clear terms that if we buy RM100k of oils, we get paid RM3000 every 3 months for 2 years, end of 2 years we get back our RM100k, that would be different.

Why the need to say they must buy sell buy sell 8 times , after all is upto them to do what they want with that oil, just pay us and pay us back our capital in time.

Hi Janice,

Thanks for sharing your opinion.

But, I just feel that you have not truly understand the product yet. Have you look at the agreements with those oil giants? If yes, just curious why you doubt on it?

Besides that, why don't the company borrow from bank loan, again, I believe that the trainer has explained in every training, did you listen that? Are you in the training for fully 3 days?

About the website, the company are revamping the website and all of the consultants know about this.Did you ask any consultant about this?Also, in the website you can actually click a link that link to previous website.

Just for your info. Cheers.

Hi

Just for your info. Is all back and white in the documents, have you truly read it?

If you think the documents lie the risks, I believe all the consultants are professional and patience enough to explain to you all the documents one by one. Or else, you can seek a lawyer consultation. Have you done it before?

Why buy and sell 8 times, again, I believe that you have not understand the product yet. Why not take action, go to the office and ask about it?

If you think this is too good to be true, why not spend sometimes to understand first?
This kind of returns or business model is not new in the market. Maybe just you haven't got the chance explore this kind of opportunity before. Kindly suggest you to attend more investment talk to explore different opportunity.

Action speaks louder than words. Cheers !

This post has been edited by The_Truth: Jul 3 2014, 07:01 PM

I just got paid for 4th time

it was from my money, i just invested. I am waiting for the next recruit to pay mine...

No, it was paid with the Money of the german Investors! Which, by the way, haven't seen their payments for months...

Oh really? Show me your documents please. If you are not confident on the product why do you buy? Show me which project you are in, if you join early means your project would be exit soon. Show me the prove.

Just got my third payment... 3% and this was my third time after invested last year at Oct.

My sales personnel will be going to Canada and visit the oil palm... I am thinking to join them

Everyone is entitled to his own opinion but not to his own facts.

German Investor show me the prove, if you dare to say that. Have you ever step in to the office and verify it?

I'm guessing is that because of the product has conflict of interest with you? Are you marketing another product which sell Germany property ? Or just based on assumption?

Anyway, I never comment about other people products unless I got hard FACTS !

I believe smart people will not influence by assumptions, only look for hard facts.

Thats why certain opportunities is only can benefit people with right mindset.

Cheers.

In Germany there are hard facts, maybe you just don't know ! There is one law suit on its way against Proven Oil Canada.
You think, I want to promote another crude oil scheme? Sorry to disappoint you. My uncle is invested in Proven oil canada, that's why I know what's going on there. And I also know, in which areas the German investors invested their money. These areas are the same (as far as I know) as the areas the Asians are investing. So who do you think has paid the areas in the first way, so there can be pumped up oil? That oil that you buy right now!!

And there are more oil investments in Germany, which are not paying their investors. So I am far away from promoting one of these money catching companys.

They've been calling me like crazy to push this investment. But my sixth sense tells me otherwise; from experience anything that is that lucrative won't be shared. The real world just don't work like that. Not that there is anything wrong with the company, i've been buying metals from them for quite a while now; good service & excellent products.

So you mean there are hard facts saying the buyer in Germany didn't receive the 3% payout? But, you didn't provide the prove, how to make people believe it?

Also, I just wonder where you get the news? First things first, POC structure is totally different with POA. POC is close-end fund structure, POA is fixed 3% every 3 months structure. So, why would you say German investor didn't get the 3% payout?

Obviously, your statement is something wrong.

Also, buyer is not buying into oil field, is buying into the physical oil. So, I don't get it why you say is same area. What does that mean?

By the way, did you step in the office and verify it? If not, don't you think this is misleading people?

You want proof, that the German investors did not get their payments?
Just google Proven Oil Canada and you will find a lot of entries (from lawyers, newspapers, magazines and forums) showing there is NO payment!
Do you think I am that stupid, just saying there is something but there is no proof???

And maybe you have no idea, how the German investment is working. It is totally different from the Asian. And by the way: a German investor has to put a minimum of 15 TSD EUROS(!!!!!!) into the Proven oil Canada investment. Not like you just 1 or 2 TSD Euros!
The Asians are investing in the physical oil, the Germans have invested in everything around, so that there can be pumped up oil!!!
That's the big difference!

So maybe you should be informing yourself, before pointing out, that somebody has no idea what he is talking about!!

And same area means same oil fields. Is that so difficult to understand?
The Germans paid over 300 Milion Euros to make sure, there is any oil pumped up. And the Asians just buy the physical oil from these fields.

And here are some links about the payments:

http://www.resch-rechtsanwaelte.de/anleger...legerhilfe.html

http://forum-kapitalanlagerecht.de/anlageb...nada-fonds-poc/

http://www.ra-lachmair.de/bank-und-kapital...-trau-schau-wem

And there are much more entries if you like to have them all.

Did you read the prospectus ? What is the purpose of the fund?

And, I believe if your uncle is really one of the investors, he surely has received the official announcement by the company why they do not distribute dividends in 2014. Also, the investor has received the dividends in past 4 years, did he receive it?

The article that you shared, from there you can see the journalist have claimed that the information mainly is based on assumptions.

If your uncle is really an investor, why not you send an email to Malaysia Office or make an appointment in the office, show your uncle name. Capital Asia Group have the answer to your concerns.The company has got the reply from the oil company. Fair enough?

Cheers.

I think you do not understand it till now. Yes, my uncle got payments the last 3 years and yes, he got the statement, why they can't pay. Which I also looked at.
The statement says: the reason they can't pay is because of the low oil price... But if you look at the oil price the last 3-4 years, it is not that low. Is has been lower and there they have paid....

And: why should my uncle contact Malaysia??? Is is invested in Canada through the German POC!

I just want to let you know, that not everything is ok with this Conserve Oil Corporation. But you seen to work for one of these company's or you are just naiv!!

There are no assumptions concerning the payments in Germany, that are hard facts.
So now you can believe what ever you want. It's a waste of time, arguing with you.

Firstly, I'm not trying to argue with you here, I believe need to be fair to your uncle and the oil company if can clarify the things. You can have your concerns it is fine, but please give others a chance to explain to you before you make a conclusion.

Just like many Journalist, they can write things when they get the information from online and based on their own opinion. (* which I called assumption). For Example, if today you intend to buy a car and you want to know the features and performance of the car, would you go and ask someone has never drive the car before and they get information from online or you will directly go to the showroom and ask the sales coordinator? Who you think has the most product knowledge?

Why the fund not distribute the dividends to German investor is mainly because the fund has got a vote of 86% with over 3,000 investors voting where the investors wanted asset appreciation over the years and therefore in the year 2013 $59million was spent on capital on the assets to increase value. An additional $18million dollar acquisition was made for the fund in 2013 for capital expenditures exceeding $70million in 2013. The investments into the assets is made to grow the asset base and overall return to the investors.
Distributions to German Investors has been consistently made for over 4 years now with some investors having received over 60% of their invested capital returned to date.In the year of 2014 the fund is continuing to focus on asset growth in order to generate the highest possible returns.

The Euro compared to the Canadian Dollar is also at a all time high with $1Euro being equivalent to $1.54CAD/ $1.50 CAD when in the past $1Euro was only $1.34CAD. This also shows that currently it would not be a good time to send Canadian earned cash flow over to Europe as distributions.

Asia structure is a 2 year structure with 24% returns to the Clients. The German investors are wanting a 200% return as per the prospectus over a greater than 4 year time frame.

I understand why German are skeptical recently is because in Germany two of the larger closed end funds just went bankrupt and now the market is just nervous.

GermanInvestor, I understand your feeling because that is your uncle hard earn money, I feel you. I hope that I give you a clearer picture now. If I offend you by my previous statement, I'm here to say sorry to you.

Cheers.

Do you think salesman will tell you the weakness of their products??
How is the salesman going to sell if tell everything, good and bad about it?

So they tell you only the good parts, bad part they may not know, only the top official may know.

So customer buy and complained in the internet, and that's where how other people know about your bad products.Read from online..

Oh great, CAG.

Anyone invested their previous product? The Lulana garden in Hawaii?
It promised 30% within 30 months but I know some of the investors haven't receive the capital and the profit after 30 months.

Well, so much for the promises. Good luck with the crude oil investment.