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 [WTA] Capital Asia Group, have any heard of this company?

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escargo75
post Jul 14 2015, 10:05 AM

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QUOTE(nexona88 @ Jul 10 2015, 11:14 PM)
so how much total % return u got in the end  hmm.gif
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24% return on the invested capital in 2 years
escargo75
post Jul 15 2015, 10:29 AM

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QUOTE(nexona88 @ Jul 14 2015, 09:37 PM)
nice  rclxms.gif
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They have new project opened for investors that will also last 2 years for exit.
escargo75
post Jul 15 2015, 01:37 PM

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QUOTE(nexona88 @ Jul 15 2015, 01:42 PM)
u gonna join?  hmm.gif
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Oil price so low take money main jauh-jauh la....
escargo75
post Jul 20 2015, 02:42 PM

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QUOTE(samson1618 @ Jul 20 2015, 11:45 AM)
they won't get affected by the news right ?  tongue.gif
You are the owner of the oil barrel that you confirm purchase and at the agreement that they will need to pay you on what's the contract as you sign ma ?
No? Like every time you sell your oil barrel , you get you 3% straight every 3 months  .  unsure.gif  not like this one?
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They sell you the product sure can promise the star and the moon. Off-course they said that price drop will not affect pay-out, so you have to to decide to believe or not. You earn 3% discount every time you re-purchase the oil barrel from them. That's how you make money...

escargo75
post Jul 23 2015, 04:09 PM

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QUOTE(wong88kc @ Jul 20 2015, 09:00 PM)
I jz collected all my capital...
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You continue to invest?

Update from COG. They are making profit.

See their news release....

http://www.conserveoil.ca/
escargo75
post Jul 23 2015, 04:39 PM

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QUOTE(GermanInvestor @ Jul 25 2014, 04:39 PM)
Where do you get the information about the vote??
In 2013 there was a voting for putting every finds together in one large fonds, called "Canadian Oil and Gas International Ltd".
The reason for that was (as Proven Oil told the investors): lower costs and the gas fonds could profit more from the oil funds.
But: they can also aquire 40% loan capital, without a vote from the investors. And: the investment is now totally different in that, which the investors invested in the first place. Since that day, there are less information, no payments and no actual news given to the investors.

Maybe you are right, that the investors get back nearly 60% of their investment till today. But what about the rest of 40%??
You also need to know: if an investor invested 100 TSD Euros, only max of 85% of it where invested. The rest is gone. For costs only (management fee, auditor etc).
So if you want to make it right, just say the investors get back 40-50% till now.

And I am pretty sure, that's it.

But you are right. Most of the investors are afraid of getting linked because of a lot of frauds the last years. There were not only 2 big frauds, there has been a lot more going on.

Since the shipping crisis starts in 2009/2010, more and more not really serious investment firms popped out of nowhere. All of them promise 12% or more cash flow. Of course without any risk ;-)

I told my uncle, that I am not sorry for him, if he looses his money. That construction could not work and with the people behind that company's, everybody should have known about the high risks.

I would never invest in such a company and in such cash flow promises. I work hard for my money and if I want to loose it, I could also burn it. Same result: money is gone!!
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Revisiting this... where is "the truth"? Come on counter his arguments!
escargo75
post Jul 24 2015, 02:07 PM

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QUOTE(GermanInvestor @ Jul 23 2015, 07:57 PM)
You want the truth? Here it comes:

-German investors have to pay back their payoffs for 2013

- the Canadian bank has cancelled the credit amount of 49 Mio CAD for all oil fields

- the COGI now needs 49 Mio CAD, so they can "safe" the fields and the German investment.

- in the letter to the German investors is NO word about making profit!!!!

Anymore questions about this scam investment????
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This claim is happening now or 2 years back? If you read their newsletter in May 2015, they are making CAD$35 net back per barrel. how come no profit? rclxub.gif

http://www.conserveoil.ca/
escargo75
post Jul 27 2015, 09:36 AM

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QUOTE(GermanInvestor @ Jul 25 2015, 02:29 AM)
It is happening now. Letter was send 2 or 3 weeks ago! They told a lot on their homepage and elsewhere. But nothing of that seems to be true!!!
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If this allegation is true a lot of Asia investors will be in trouble cry.gif
escargo75
post Jul 31 2015, 01:05 PM

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[quote=GermanInvestor,Jul 28 2015, 01:11 AM]
[quote=escargo75,Jul 27 2015, 09:36 AM]
If this allegation is true a lot of Asia investors will be in trouble cry.gif
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You just need to google Proven Oil Canada and narrow your search to the last month.
You will find a lot of entries. From lawyers, to forums etc.
Everything is in German, but you can try translating it with Google.

And just for you to notice: POC got 300 Million Euro from german investors. And now, there are just 49 Mio CAD left? And that's a loan from a bank. So where is the money???

I think somewhere in the Carrebean... And the CEO of POC is a women. Maybe Chanel, Gucci, Louis Vuitton etc.....
And a big house, some fast and luxury cars.

Here is a link to the letter:
Money is gone! That's it!
https://www.diebewertung.de/wp-content/uplo...GmbhundCoKG.pdf
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[/quote]

That explain why POC being sued?
escargo75
post Aug 14 2015, 02:17 PM

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QUOTE(GermanInvestor @ Aug 1 2015, 05:27 AM)
Yes!
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Oil price continue to drop, I wondering so long this scheme can sustain....... sweat.gif
escargo75
post Sep 21 2015, 11:11 PM

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QUOTE(GermanInvestor @ Sep 4 2015, 12:33 AM)
Not just you ;-)

I always thought, that COGI and Canadian Oil & Gas Int. were the same. But surprise, they are not!
Maybe the Canadian Oil & Gas Int. is a company controlled by Hanne or his best buddies. It's privately held and no one knows who the owner is. Or it is Mr Crombie himself or one of his company's. Or Mr Helwerda, the head of Sproule....
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This company really become more and more fishy.....
escargo75
post Dec 21 2015, 12:58 PM

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QUOTE(GermanInvestor @ Dec 11 2015, 03:37 AM)
Now there is a Court Order for Proven Oil Asia for taking no more certain actions.
http://mnpdebt.ca/style%20library/mnp/file...ber-27-2015.pdf
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Cannot open the file. Just wondering any investors who do not get back their return?
escargo75
post Jan 29 2016, 03:53 PM

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Any more latest news?
escargo75
post Apr 8 2016, 10:38 AM

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QUOTE(tennispro @ Apr 7 2016, 01:29 AM)
Hi guys , any updates on this or any investors with updates on their investments ?
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The scheme collapsed due to mother company collapsed. Now they are trying to get back investors money through court proceeding...
escargo75
post Apr 15 2016, 02:13 PM

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QUOTE(ikanbilis @ Apr 11 2016, 01:33 AM)
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?
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Wah you got 250K in FD?? notworthy.gif
escargo75
post Apr 15 2016, 02:15 PM

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QUOTE(Showtime747 @ Apr 8 2016, 04:31 PM)
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 ?
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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....

escargo75
post Apr 18 2016, 09:44 AM

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QUOTE(Showtime747 @ Apr 15 2016, 07:54 PM)
If they offer the same thing again here, will you take up again ?
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There is no again as it no longer existed......

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