it looks like they're now extremely hot on investing into nickel mining operations or so they claim. after getting busted on the property investments (Bina Puri & Klang Gateway which is now confirmed never happened) they claim to now be investing into the mining industry for the returns.

And using this as justification to get more people to sign up for their scheme under the guise of massive returns when they get their IPO.


This very much sounds to me like the GPLF founder's transfer fee to his new scheme. a final last attempt to milk as much money as possible before going bust

This post has been edited by malleus: May 23 2015, 01:45 PM

it looks like the nickel mining is to show that they have revenue, in order to achieve IPO. and the ability to get pre IPO shares via purchase of the schemes is the lure to get people to invest now.

but the funny thing is, they claim that they have invested big time into a JV at a nickel mine in Sulawesi, that has an estimated profit of USD 6 Billion. And the only place where you hear about this news is via their own press releases. Normally any investments with a return of even less than USD 1 Billion will have numerous news outfits covering it dy wan, of which there is none in this case. fishy isn't it?

There's something else interesting that I found:

http://www.reuters.com/article/2015/05/08/...N0XZ05X20150508

Prime Minerals has acquired 100% shares in WGM1.

Now, WGM1 is the operator of PT Bintang Sinar Perkasa, the same company that's currently engaged in establishing a nickel mine in Sulawesi, the very same nickel mine that ufun claims to be having a JV with.

Here's the catch. The acquisition of WGM1 by Prime Minerals took place on the 8th May. Same day too that ufun claims to have done the JV for the nickel mine.

Now, how likely is it that a JV like that will be signed on the same day that the company is being fully acquired by another party.

looks like this is the new rebranded ufun

http://unascos.com

and from what I've seen so far, it does look like they're trying their very best to hide their shady past, as well as any past association with ufun too.

they're still claiming to have that JV in the nickel mines and the many stores opening in China though. Although there's not a single 3rd party source that can validate the news of this.

its a ponzi scam. that's how it works

an even more interesting thing is, if you're to take a look at the various Facebook posts about ufun switching over to this unascos thingy, there tends to be somebody replying to them claiming to be from unascos asking them to remove all evidence that can link ufun to unascos

do you need to even ask?