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

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spurzboy
post Jun 3 2014, 11:50 PM

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QUOTE(guy3288 @ Mar 26 2014, 08:51 PM)
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.
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hi there,

I can answer your question. the answer is yes and I can provide you proof of it.
spurzboy
post Jun 3 2014, 11:57 PM

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QUOTE(marcuzsutra @ Apr 3 2014, 03:58 PM)
Until now i still very confuse why so many entity to operate one investment.

1)Conserve Oil Corporation (Crude Oil Mining Company)
www.conserveoilcorporation.com
What i know is his role is oil mining

2)Sproule (Providing Certified Valuation Report)
www.sproule.com
This is valuer
3)Schlumberger (Providing World Class Oil Recovery Technology)
www.slb.com
This one is  technology provider?
4)Proven Oil Canada (A wholly owned subsidiary of COC, raise funds from Europe thru Private Placement Funds)
www.proven-oil-canada.de

5) Proven Oil Asia (A wholly owned subsidiary of COC, raise funds from Asia thru Crude Oil Purchase Order)
www.provenoilasia.com 
This company is in singapore.. what is the function of this company?

6)Capital Asia Group (HK) Ltd (Sole Marketing Agent of Proven Oil Asia Crude Oil Purchase)

www.capitalasiagroup.com

7) Proven Oil Asia Sdn Bhd. register under jonathan and candice( what is the function of this company?)

8) SilverMalaysia.com (Operated by True North Asia Sdn. Bhd.) This also a jonathan and candice company ( Marketing agent of Capital Asia Group?)

if got problem which entity going to responsible? the marketing company? the POA in Singapore or POA in Malaysia or POA in Canada?

Why POA Sdn BHD is register under candice lee and jonathan quek name.? and Why they use SilverMalaysia to market?
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Answer 1: COC as the agreement is between you n them.

answer 2: owner of cag s'pore knows the both of them personally.

answer 3: silvermalaysia is one of their few distribution partners besides themselves.

 

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