Hahaha... such thing never stop happening because of so many stupid people in the world!

This post has been edited by kpfun: Dec 22 2015, 10:20 AM

crude oil price at 11 year low

So far no news from this crude oil investment. Or maybe they did not forward me their news anymore. Crude oil is falling and expected to drop further down this quarter. Can this crude oil investment (temporary transfer oil between supplier and POA) be making money? Maybe yes, but I dun think they will have further project to get the contract signed.

they have issue now

mind sharing what issues?

The mother company is called by the bank to repay outstanding loan due to valuation of oil price is low now and they have no free cash flow.

Liquidators are going for liquidations; including the assets pledged to Asian buyers of subsidiary companies that belong to us.

so bad all those invested gonna die

Should be this one

http://mnpdebt.ca/en/corporate-insolvency/...?title=cogi-ltd

Any more latest news?

Hi guys , any updates on this or any investors with updates on their investments ?

The scheme collapsed due to mother company collapsed. Now they are trying to get back investors money through court proceeding...

So you no rugi right ? How about jack2 guy3288 and anybody here who invested ? Got back all money ?

After the collapse, do you still think the business model is flawed ? 12% return justified by the risk ?

i didnt invest there, too risky. better go for safe and steady type. CIMB retail bank bond coming soon, 5.5-6% pa.

What bank bond is that? Can share?

it's retail bank bond, direct issuance from CIMB, a fixed income instrument. Not Bond Funds (Unit trust) that you can buy from FSM etc...

Rating A3, payment guaranteed unless CIMB collapse.
interest rate (?5.5-6%) is fixed, unlike structured product where certain market condition must be full filled.

this is insider news, not launched yet.
(expected end of April. )
Once announced, you have only 3 days to buy.
min 250k, so get your money ready if keen.

Thanks for the info. Unfortunately im now overseas and could not make it. Otherwise i may withdraw my FD prematurely to put in this bond. Just wondering what is the maturity date of this bond?

i dont know yet, usually quite long, years...

Wah you got 250K in FD??

It is not the scheme that is flawed but the previous one sold at Europe that is flawed. The collapse of the mother company is not due to the crude oil investment scheme....