So please explain to me, how is genneva a scam? Its just an investment that is speculating on gold prices. Thats all. They are actually selling and buying a physical gold.

A real scam would be something like an empty investment with no real investment taking place. They would promise a high rate of returns, and in return use new investor's money to pay their said interest, basically a ponzi scheme, and the whole scheme falls apart when there are no new investors left to sustain it. NOW THAT IS A SCAM.

And, since you said you had years of corporate experience, I would really love to know, how much said bank is really willing to loan. Because from what I understand from some of my friends in corporate banking, there are many other factors, which decide how much a bank is willing to loan. And sometimes banks dont even take land as a collateral, or as consideration as part of a loan. And so far, energy business, is not really the domain or area of expertise in the bank, and they would have to employ external evaluators. I would really like to know more about this information. Because from what I understand and heard, banks here in Singapore, dont even loan more than 400k-600k for SME, and they have to have good standing credit and various factors to be even considered for a loan.

Ask your question here. You will have more fun in that thread. Make sure you don't chicken out

https://forum.lowyat.net/topic/2666347

In your first post here, you sound so confident about bank loan. How come suddenly you ask so many questions (some are dumb questions, no offence) on corporate banking which clearly show you knew nothing about corporate banking ? Seems that you were just blowing water on your first post

Again, please start a thread on corporate banking in FBI. This thread is about CAG and has nothing to do with educating newbie on corporate banking

And you clearly avoided the most important question. Which is the amount that a bank is willing to loan, will never be close to what is possible to raise through private investors.

Friend, I have answered in my previous reply. Bank will loan you the amount you wanted if your business is viable. But you chose not to believe because it contradicts the answer you want. That's why I said I feel like talking to a brick wall

Go and ask your bosses in Canada why they failed to get cheaper loans from bank and have to resort to >12% loans from investors. Or they are just some kind hearted people who's objective in their life is to "help" people ?

Wow, it is so funny to read all this.... I am from germany and here, Proven Oil Canada and Conserce Oil Corporation is hardly discussed.
Maybe you like to hear, that there was no 3% Payment in December for german investorts. COC and POC blame the spread btw WTI and WCS for that.

There are also a lot of business magazines and forums, which write really critical about this investment. So be careful and do not believe everything you were told. Make your own logical and healthy decisions.

gutentag!

wat is the mags & other forums u talikn bout that talk bad bout this cag/coc/poc?

i wud like to see for myself. pls give url if got. danke!

ps: showtime, u keep up ur gud work man!

Guten Tag (so you write it right)

Of course you can have the links, but do you speak german?? But ok, here they are.

www.wiwo.de (serveral articels, just type in proven oil canada into the search)
http://www.wallstreet-online.de/diskussion...n-oil-canada-ii

There was also an article in Fonds&Co, but i am not shure if it it online or if it was just print.

You can also use the search at www.gomopa.net, but there you have to pay to read all the articles and the forums.

How come I have not seen you posting your question in the thread I refer you to ? Chicken out ? Or have you finally realised genneva is in fact a scam ?

Just curious, are you an ex-agent from genneva now switch job to sell CAG ? The way you spoke about genneva, high chance you were one of those unscrupulous genneva agent

You are discussing Genneva, but you just have to goggle... And you´ll find this for example:
http://www.cad.gov.sg/content/cad/en/faq/c...va-pte-ltd.html

If this would happen in germany (i mean an investigation), nobody would ever invest in this company again.
.

Buddy, our friend Kaji2g is not convinced genneva is a scam and wants me to prove to him And I have directed him to a thread discussing about genneva https://forum.lowyat.net/topic/2666347 But he chicken out

Some people don't want to know or don´t want to see. same in germany... You can say or write what you want...
For those guys i have just the words: invest there. But can also burn your money instantly. Effect is the same. Money is gone

I think some of these "investors" are really "wolves in investors' clothing" else WHY the heck would investors advise others to invest based on "greed & hope" VS "cow sense & logic"?

Edu-tainment way to market BS (Genneva v1 and v2, now this)?

Of course you can have the links, but do you speak german?? > nein!

but danke very much... i sure that u wud hv read the articles written by proper authorities in germany & based on it, ur sayin they r kritikal of dis investment... thats all i need to know... so danke again... if i meet u in oktoberfest, i buy u beer & schneitzel coz u have saved me lot of $... prost!

till that remark bout geneva, i still considerin the Capital Asia Group (cag) investment... but after wat he said... i oni roll eyes & say "WTF did he just say?!"... tat pretty much sum it up 4 me lah

Imho, this may not be a scam. When you are saying the word "scam", you are making the people who already put money in this "investment" to defensive mode.

However, I still think you should aware of the risk that the company 'cabut lari'. We got many examples of that type of company in Malaysia. Ladang ikan keli, rumah burung layang2, ladang rumpai laut. Not saying these are scam but there are wolves who are using the successful business model to collect easy money.

Now, they are using fancier approach, crude oil investment. As I said, this may not be a scam but it raise a flag when they give 12% annual dividend.

If I am correct, this investment is risk free? A risk free with 12% dividend, greatest deal that can even beat ASB.

P/S: For those who want to know the business model of this group, it is like this:

You buy RM100k oil, this Group will hold the oil for you (cause 100k oil is not that pretty to keep at your house).

Then, the group will sell back to oil company (shell, petron, petronas) at an increased margin because the oil company is paying back in credit term.

I forget how they force the oil company to pay but for 100k oil they will pay 112k at the end of 12 months.

You can reinvest your capital to buy more oil or collect back your money.

Why risk free? Hell, you are selling the oil to the oil giants, what kind of risk we are talking about?

But the main concern is that does such arrangement exist? If I got money, this is a good way to burn some money. At least you have the status of an "oil investor" even if your being duped.

they will tell you who and who already did their due diligence, if u want. u can fly to canada and do your own Due.D too

sounds like hedging, but the question is, why would oil producing companies (ie. companies involved in the entire process of oil extraction to refining to the final delivery of oil) bother with having them in their supply chain at all?

It'll be more believable if they claim to hedge oil for sale to large consumers such as power plants or airlines.

which wil just make u ask why large consumers dun just deal direct wid supplier... n cut middleman out... whole thing dun make sense... cag say sumore that end clients include shell, etc... why wud these giants just nt go direkt 2 source themselves?

dammit cag... just release youtube video lah of u guys makin a trip there, talkin to (verifiable!) drillin company top reps, involved parties & end client top reps who can verify ur claims - why waste time talk so much bs & nonsense... the hell? cant even afford ticket 2 go canada & film wid a dslr camera meh?... say collect millions ++... but this basic thing aso dun do ah?... instead reps tryin 2 pursuade geneva is a viable investment(!)

even pasar malam & my wantan mee seller got lesen wid name & pic displayed upfront wo... u guys even got proper hierarchy chart meh?