Hi,

came across this interesting thread. Based on what was discussed & reading the article on KiniBiz,
just wonder why the oil company don't use factoring? Factoring defined .

There are plenty of factoring companies for oil and gas. Not sure the rate such companies want in return for such advances. Still begs the question why go through all the trouble looking for small time investors vs dealing with several bigger companies.

So verdict is still unable to determine if scam or not.

Returns guaranteed on paper? Ok. (GermanInvestor says got issue, related?)

Return off your investment i.e. getting back your capital? Don't know yet.

It being positioned/marketed as a low risk investment would be unethical. For the risk incurred, i think there are other investments less "pening"

Some blue chip high dividend shares, unit trust also less headache, sleepless night.

This post has been edited by trinity3: Nov 21 2014, 02:35 PM