Outline ·
[ Standard ] ·
Linear+
Golden Palm Growers Scheme, Golden Palm Growers Scheme
TSCk1976
|
Sep 9 2017, 07:05 PM, updated 7y ago
|
Getting Started
|
Hi All ,
Calling all the Golden Palm Growers Scheme investor (GPGS) , Anyone receive their latest memorandum ? GPGS propose to sell it off or early termination ?
They will be calling 2nd October 17 for EGM . Anyone attending ?
|
|
|
|
SUSMNet
|
Sep 9 2017, 09:37 PM
|
|
why they want to sell?
|
|
|
|
gouhayashi
|
Sep 9 2017, 10:25 PM
|
New Member
|
ya, also dun know what happen suddenly? until last two mth they still offer me to buy new plots, and here come sudden incident read from its website. sad even current year dividend also deferred maybe no more..
anyone received memorandum, pls share as i call them, they ask me to read the details they sent out this wednesday...which i still no yet received...
should be prepared it is bad...
This post has been edited by gouhayashi: Sep 9 2017, 10:26 PM
|
|
|
|
ANDY66888
|
Sep 10 2017, 02:21 PM
|
Getting Started
|
I also received the letter, why they will suddenly stop ? I just worry it is scam or what ? How come it will stop when they start eant to pay 9% ? Damn , I have 5 lot le . Even don't know can I get back my money or not ? F..k damn
|
|
|
|
ANDY66888
|
Sep 10 2017, 02:24 PM
|
Getting Started
|
QUOTE(Ck1976 @ Sep 9 2017, 07:05 PM) Hi All , Calling all the Golden Palm Growers Scheme investor (GPGS) , Anyone receive their latest memorandum ? GPGS propose to sell it off or early termination ? They will be calling 2nd October 17 for EGM . Anyone attending ? I will go and ask why suddenly stop like this ? And also I like to ask how long can get my money back
|
|
|
|
kswee
|
Sep 10 2017, 02:37 PM
|
|
Which mean they are using investor money to roll and sell of the plot ??
Investor may gain back their capital from the plot acquainted by others parties.
Dividend wise should be pretty low. so entire investment scheme to be default.
|
|
|
|
ANDY66888
|
Sep 10 2017, 02:44 PM
|
Getting Started
|
QUOTE(kswee @ Sep 10 2017, 02:37 PM) Which mean they are using investor money to roll and sell of the plot ?? Investor may gain back their capital from the plot acquainted by others parties. Dividend wise should be pretty low. so entire investment scheme to be default. No idea , the news come out too suddenly . Do you know any more detail ?
|
|
|
|
kswee
|
Sep 10 2017, 02:56 PM
|
|
QUOTE(ANDY66888 @ Sep 10 2017, 03:44 PM) No idea , the news come out too suddenly . Do you know any more detail ? i don't know anything. but what i know, just be prepared to loss everything. advise is to contact them quickly and proceed to get back your capital.
|
|
|
|
gouhayashi
|
Sep 10 2017, 08:31 PM
|
New Member
|
QUOTE(kswee @ Sep 10 2017, 02:56 PM) i don't know anything. but what i know, just be prepared to loss everything. advise is to contact them quickly and proceed to get back your capital. I did made a call for worst scenario is return capital and no more 9% dividend after sell off. also they did the entire valuation already.
|
|
|
|
TSCk1976
|
Sep 10 2017, 08:34 PM
|
Getting Started
|
QUOTE(ANDY66888 @ Sep 10 2017, 02:21 PM) I also received the letter, why they will suddenly stop ? I just worry it is scam or what ? How come it will stop when they start eant to pay 9% ? Damn , I have 5 lot le . Even don't know can I get back my money or not ? F..k damn Ya, dividend is due in September and guess there is not enough profit to pay . That why they want to call off this scheme .in better words is early termination but can said is not making money . What I understand, They need to might few obligations in order to pay dividend such as monthly operating cost , trustee fund etc .
|
|
|
|
gouhayashi
|
Sep 10 2017, 08:35 PM
|
New Member
|
trust and BDO should account for investors wise public interest else they are liable for negligence under this scheme.
|
|
|
|
TSCk1976
|
Sep 10 2017, 08:44 PM
|
Getting Started
|
QUOTE(ANDY66888 @ Sep 10 2017, 02:44 PM) No idea , the news come out too suddenly . Do you know any more detail ? Thought gather all the investors and discuss this . They have put up 2 proposal to dispose the scheme but the proposal is not in favor to us . We can do counter proposal if enough of vote ..
|
|
|
|
TSCk1976
|
Sep 10 2017, 08:48 PM
|
Getting Started
|
QUOTE(MNet @ Sep 9 2017, 09:37 PM) It making enough money and can't pay the dividend
|
|
|
|
SUSMNet
|
Sep 10 2017, 09:20 PM
|
|
how long already this scheme started?
many of the palm oil scheme is using technique to gather money from investor, after the tree is grown and yield good FFB, they will issue termination letter to the investor.
they can earn much more by themself since the tree already yield FFB
|
|
|
|
kswee
|
Sep 10 2017, 10:48 PM
|
|
QUOTE(MNet @ Sep 10 2017, 10:20 PM) how long already this scheme started? many of the palm oil scheme is using technique to gather money from investor, after the tree is grown and yield good FFB, they will issue termination letter to the investor. they can earn much more by themself since the tree already yield FFB Yes this is the trick, once yield going to start the profit will start to compound, and they want to maximize the profit. To gain more plot they will need more investor in future. and they are required to expand the refinery plant. it cost a boom! once refinery and product done that yield high quality oil, profit comes in $$$$$$
|
|
|
|
janwrite80
|
Sep 11 2017, 03:27 PM
|
New Member
|
What if Resolution A (12 months) is rejected, and then Resolution B (forced sale) is also rejected?
The letter memorandum says if the above two are rejected by voters, the Scheme will be closed..?
|
|
|
|
ANDY66888
|
Sep 11 2017, 04:24 PM
|
Getting Started
|
QUOTE(janwrite80 @ Sep 11 2017, 03:27 PM) What if Resolution A (12 months) is rejected, and then Resolution B (forced sale) is also rejected? The letter memorandum says if the above two are rejected by voters, the Scheme will be closed..? If like this , that f..king shit . I just want my money back now . This is worth then the money game. Money game still can.get high interest, this one I have keep 6years, until now pay 9% then tell investors no money refund.... Damn
|
|
|
|
ANDY66888
|
Sep 11 2017, 04:25 PM
|
Getting Started
|
QUOTE(janwrite80 @ Sep 11 2017, 03:27 PM) What if Resolution A (12 months) is rejected, and then Resolution B (forced sale) is also rejected? The letter memorandum says if the above two are rejected by voters, the Scheme will be closed..? What if close , what ganna be ? Lose everything ?
|
|
|
|
niceworld88
|
Sep 11 2017, 06:09 PM
|
New Member
|
QUOTE(gouhayashi @ Sep 9 2017, 10:25 PM) ya, also dun know what happen suddenly? until last two mth they still offer me to buy new plots, and here come sudden incident read from its website. sad even current year dividend also deferred maybe no more.. anyone received memorandum, pls share as i call them, they ask me to read the details they sent out this wednesday...which i still no yet received... should be prepared it is bad... this is real bad. defer and now no more
|
|
|
|
ante5k
|
Sep 11 2017, 07:36 PM
|
|
No one remember country height growers scheme ?
End up close shop also.
|
|
|
|