i was also recommended this. I checked it out in their website - hardly any useful info for me. in particular i want to know if i put in 100k, at end of 24 months would i get back that 100k, and they said yes , capital guaranteed. stated there... i asked where??

One Tanzie Ong from the Co called up but gave me the beat around answer. Unable to give me a good reason why in the S&P agreement, they can state the amount XXX invested but at end of 24 months when the oil is finally all sold, they cant state clearly it would be the same xxx amount.(ie capital guaranteed only verbally and not in black and white)

the 3% payback every quarter is stated clearly, but like the german investor said, if this 3% that is in black and white also the Co can avoid paying in German, then this is really a very very high risk investment.

Having read through all the above, i am now more convinced this is a very very high risk investment. You play with it you better pray the price of oil keep going up and they make their money first, you get your 12% pa after all their costs. If they lose you bear the brunt. That is assuming they are ethical business men.


What is 3% every quarter if at the end you cant get back your capital in full?? In 8 payments you only get back 24%, another 76% still in their hand. If things dont work out,surely you are going to lose first, not them!



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yes i was told that 3% is actually the discounted price. And the oil is sold and buy back again every 3 months, in 24 months you buy and sell total 8 times.

Say you buy RM100k on 1.4.2014 , 3 months later they sell your oil and give you your 3% discounted price ie RM3000. Then they use your money again (but i am not sure if it is still RM100k - this is unclear), to buy another lot of oil, also at 3% discounted price. again sell them 3 months later and give you that 3%.

Oil price can move up and also down. So theoretically speaking after buying and selling few cycles you could end up with more or less money, no more the same as your initial amount. If you end up with more money, surely they will take as it is their business profit.

But at the end if sales proceed is much lesser than your initial capital, do you think they will top it up with their pocket money to pay you back your initial amount? I doubt it. Lose you absorb, win they take.

So my question is by the end of the 8x buy- sell, buy- sell cycle, are we still having the RM100k there or not?Tanzie could not give me a clear answer. Verbally she said yes, but i want it stated in black and white on our purchase agreement.


The fact that you have to buy and sell 8 cycles in 2 years give them ample excuses to tell you at the end your proceed is no more Rm100k, as the 8x buy sell process surely incurs expenses not to mention price
volatility.

the methods are all the same, a friend just invited me to join his Forex ?FNAC or something, paying 3% every week, so it is 12% every 4 weeks!!! Can you believe this??

They recruit new members, collect new money to pay the old members. When they decide to stop, the last who stays will be burnt!

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.

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

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..

it's not a fraud, it's a high risk investment sold as no risk to unsuspecting people.
Take the risk, Invest and if you are lucky ie the price of oil keep going up and they make money and they are willing to share with you their profits, then you get back your capital plus 12% pa return.

If they lose money or when they become greedy and wanna wallop your share of profits as well, there is nothing much that you can do, despite holding those pages of contract and agreements. They were meant to be twisted and ambiguous when you wanna use it for claims.

if they still wanna continue the scheme, ie wanna get more from new recruits, i believe they will pay out, despite oil price drops
becos they still have more than enough in their hand to pay you only 0.03 of what you gave them.

The risk is at the end when they wanna 'run'. Who knows when is their tail end?
It is not so much about not getting your 1st few 3% quarterly payout.

What is the problem of taking your RM100k and give you back RM3k once or twice? How much more still in their hand?
Even if oil gone down so much your remaining
oil should still be able to give few more payouts just to convince the new recruits to join.

Sekali they refuse to pay, then you know the end has come. Too late to cry then.

you gimme RM100k , what is so difficult paying you RM3k every quarter?

2 yrs can get back capital?????

lets see, say your capital rm10k, every quarter they pay you 3%= rm300.
so 2 yrs they pay back you only rm2400 .

how come soon u can get back the capital? ada tipu kah?

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

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.

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