QUOTE(edison1437 @ Dec 31 2013, 10:09 AM)
i dont understand the 1 highlighted
RM825 is the entry amount. to have the principle back you need 7 month. unless you add another USD 30 for 6 months.
Right?
I know this is too late to reply on the thread but I found this interesting.RM825 is the entry amount. to have the principle back you need 7 month. unless you add another USD 30 for 6 months.
Right?
The start up cost is RM825 or USD250 (250x 3.3). You are paying for the franchise fee to become the company Reseller Licensee not enrollment fee.
How do you make money staying passive?
From the USD250, USD100 is used to buy peek credits that will generate up to 1.5% daily payment known as Daily Sales Incentive. No sponsoring is necessary to earn from the business because of revenue sharing concept.
The company allocates 20% of its global daily sales from peek credits and physical products from its e-Mall - BVMalls.Com to be shared by their resellers as Daily Sales Incentive. Now, if they can pay up to 1.5% daily from the 20% allocation, the global daily sales volume must be huge.
What is peek credit? It is a discount value that can be used for shopping at the online mall. Why is it valuable? Because you cannot shop at the mall without buying peek credits. You use peek credits to buy things. Who says it is money game?
Top up here means to buy peek credits so that your Daily Sales Incentive value will increase. Istead of getting USD1.50 daily, you will get more. The minimum top up is USD500 and max is USD10,000. Does get rich quick scheme have max amount?
The USD30 top up is for a reseller to qualify for the earn 3% overriding incentives from their referrals Daily Sales Incentive earnings.
Although the network marketing plan is based on binary system BUT they incorporate 5 x 5 matrix plan to prevent the build up of the so called pyramid system. That means you can only have a total of 3905 people in your network. And 5x5 matrix will give you a clear indication of your potential income. So, this is not a pyramid scheme.
As for Cash Deal Sdn Bhd MSC status I don't think they misused the status at all because the company core activities as per MSC registration are Research, development and commercialization of Digital Neural Application (D.N.A) and e-Mall Solution.
They helped developed BossVenture online mall BVMalls.Com, which is within their core activities.
Will this be another Geneva, American Euro Index, Swiss Cash, Mirza?
Well, for sure those mentioned above either does not have a license to take deposit from the public or not licensed to manage other people money.
ONLY licensed commercial banks can take deposits from the public. And ONLY licensed investment company can invest people money.
They need license from Bank Negara Malaysia and Security Commissions, which this case those companies DOES NOT have therefore deemed Get RICH Quick Scheme. That's WHY they are closed down! Ha ha ha..
This post has been edited by rymkk: Jan 29 2014, 07:57 PM