Investment Fei Fei Crab crowdfunding/investment
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 Jun 22 2019, 10:30 AM
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Elite
5,626 posts Joined: Nov 2004 From: Klang, Selangor  
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QUOTE(yklooi @ Jun 22 2019, 10:17 AM) wow....nice research you got there. This is just research on the surface. Could have done more in-depth research into it if I plan to go into this "investment".Thanks....     Not going to waste my time researching deep into something I'm not interested in doing. |
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Jun 22 2019, 12:45 PM
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Senior Member
2,544 posts Joined: Jan 2003
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Credits and vouchers can only be used at 5 outlets in Klang Valley. This is useless for outstation investors like Penang and JB.
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Jun 22 2019, 01:19 PM
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Junior Member
43 posts Joined: May 2019
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QUOTE(Jordy @ Jun 22 2019, 10:30 AM) This is just research on the surface. Could have done more in-depth research into it if I plan to go into this "investment". Are you private investigator? Feel free to research more so potential investors can make better decision. Not going to waste my time researching deep into something I'm not interested in doing. |
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Jun 22 2019, 04:21 PM
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#44
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Elite
5,626 posts Joined: Nov 2004 From: Klang, Selangor
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QUOTE(CyrusC @ Jun 22 2019, 01:19 PM) Are you private investigator? Feel free to research more so potential investors can make better decision. Don't have to be a PI to obtain these information. They can be bought. And I am not going to pay for information which I won't be utilizing. |
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Jun 25 2019, 03:22 PM
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Senior Member
2,544 posts Joined: Jan 2003
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QUOTE(Jordy @ Jun 22 2019, 10:12 AM) Caveat emptor: You are right. Today i got an whatsapp message from FFC that they will be launching FFC2 with another 2 outlets. I believe eventually all their outlets would funded this way. » Click to show Spoiler - click again to hide... « Company Name: FFC 1 Sdn Bhd Date of Incorporation: 4 April 2019 1. Why the need to incorporate a new company? I have not checked the paid-up capital of this new company, but that is not important. 2. I don't know how CP.Asia performs their due diligence. Do they require a corporate guarantor for such a new company? 3. I have checked and aware that FFC is incorporating other new companies (with the list below). They may be liquidating the assets from their main company by injecting 1 restaurant into each entity. 4. It could eventually be a money-game just like the previous Steven's Tea Garden scam. List of incorporated companies under FFC brand (all of them were recently registered in May 2019): FFC (KLANG) SDN BHD [1325093-P] FFC (PUCHONG) SDN BHD [1325090-V] FFC (YULEK) SDN BHD [1323386-V] FFC 1 SDN BHD [1320779-A] FFC 10 SDN BHD [1327455-D] FFC 3 SDN BHD [1325787-P] FFC 4 SDN BHD [1326185-W] FFC 5 SDN BHD [1325596-H] FFC 6 SDN BHD [1326670-T] FFC 7 SDN BHD [1327192-K] FFC 8 SDN BHD [1327505-D] By the way i check their funding for FFC1 is above 60% now. Seems like a lot of people have confidence in this fund raising by FFC. |
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Jun 25 2019, 05:58 PM
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Senior Member
8,188 posts Joined: Apr 2013
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QUOTE(ikanbilis @ Jun 25 2019, 03:22 PM) You are right. Today i got an whatsapp message from FFC that they will be launching FFC2 with another 2 outlets. I believe eventually all their outlets would funded this way. By the way i check their funding for FFC1 is above 60% now. Seems like a lot of people have confidence in this fund raising by FFC.  what is the estimated fund need per outlet?500K? if 60% of 500k then about 300K min 3k per person thus about 100 investors already.... (1 outlet 10 workers thus 10 outlets would be 100 investors already) This post has been edited by yklooi: Jun 25 2019, 06:00 PM |
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Jun 25 2019, 06:13 PM
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Senior Member
2,544 posts Joined: Jan 2003
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QUOTE(yklooi @ Jun 25 2019, 05:58 PM) what is the estimated fund need per outlet?500K? if 60% of 500k then about 300K min 3k per person thus about 100 investors already.... (1 outlet 10 workers thus 10 outlets would be 100 investors already) Imagine how much they will raise with FFC2, 3, 4 and so on. If ever the outlets are not doing well in future, they already transfer all risks to investors. What a brilliant idea by the owner of FFC! |
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Jun 26 2019, 12:38 PM
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#48
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Junior Member
812 posts Joined: May 2012
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wah 800k target on Crowdplus.asia, now hit 111%. oversold some more
their "investment plan" really looks like money game eh, run run run |
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Jun 26 2019, 01:48 PM
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All Stars
21,963 posts Joined: Dec 2004 From: KL  
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QUOTE(-CoupeFanatic- @ Jun 26 2019, 12:38 PM) wah 800k target on Crowdplus.asia, now hit 111%. oversold some more maybe a way for them to wash money?their "investment plan" really looks like money game eh, run run run Their business is very good i dont think will bankrupt. |
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Jul 2 2019, 09:46 PM
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Senior Member
2,544 posts Joined: Jan 2003
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QUOTE(-CoupeFanatic- @ Jun 26 2019, 12:38 PM) wah 800k target on Crowdplus.asia, now hit 111%. oversold some more Today has hit 160% oversold. Previously the max target is RM1.2m. Now the max target has been increased to RM1.5m.their "investment plan" really looks like money game eh, run run run Are they allowed to increased the max limit indefinitely? What happens when RM1.5m is hit? Increased to RM2m again? |
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Jul 3 2019, 11:09 AM
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Elite
5,626 posts Joined: Nov 2004 From: Klang, Selangor
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QUOTE(WaCKy-Angel @ Jun 26 2019, 01:48 PM) maybe a way for them to wash money? Their main business will definitely not gulung tikar, but one is investing in its subsidiary companies now. It could be an empty shell company that people are investing into, which promises to take over the outlets from the owner once the funding is closed. The question is, why do they need to go through the hassle of setting up more than 10 subsidiary companies and restructure the whole company by breaking them down, for an investment plan which is merely valid for only 3 years? They could've allowed investors to buy into their main business that owns all the outlets, and then buy-back the investment 3 years later at the agreed return rate.Their business is very good i dont think will bankrupt. Remember Steven's Tea Garden (the subsidiary company of the so-called famous Steven's Corner) which invited the public to invest into its new revamped business? If my memory served me well, the business did not even last for a year, and I don't know of the story thereafter. QUOTE(ikanbilis @ Jul 2 2019, 09:46 PM) Today has hit 160% oversold. Previously the max target is RM1.2m. Now the max target has been increased to RM1.5m. The more the merrier, as they say. It is supposedly to be an "equity crowdfunding", so there should be equity stake attached to the amount being raised. As long as they have more equity to sell, they could increase the amount to be crowdfunded.Are they allowed to increased the max limit indefinitely? What happens when RM1.5m is hit? Increased to RM2m again? |
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Jul 3 2019, 11:24 AM
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All Stars
21,963 posts Joined: Dec 2004 From: KL
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QUOTE(Jordy @ Jul 3 2019, 11:09 AM) Their main business will definitely not gulung tikar, but one is investing in its subsidiary companies now. It could be an empty shell company that people are investing into, which promises to take over the outlets from the owner once the funding is closed. The question is, why do they need to go through the hassle of setting up more than 10 subsidiary companies and restructure the whole company by breaking them down, for an investment plan which is merely valid for only 3 years? They could've allowed investors to buy into their main business that owns all the outlets, and then buy-back the investment 3 years later at the agreed return rate. I dont know know Steven story either.Remember Steven's Tea Garden (the subsidiary company of the so-called famous Steven's Corner) which invited the public to invest into its new revamped business? If my memory served me well, the business did not even last for a year, and I don't know of the story thereafter. The more the merrier, as they say. It is supposedly to be an "equity crowdfunding", so there should be equity stake attached to the amount being raised. As long as they have more equity to sell, they could increase the amount to be crowdfunded. But regardless subsidiary or not, the owner is the owner doesnt he/she worry ppl will do something to them? |
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Jul 3 2019, 11:29 AM
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Elite
5,626 posts Joined: Nov 2004 From: Klang, Selangor
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QUOTE(WaCKy-Angel @ Jul 3 2019, 11:24 AM) I dont know know Steven story either. Do what to them? For example? Hiring thugs to harass the owners? For all you know, the owner might be a bigger thug than you think But regardless subsidiary or not, the owner is the owner doesnt he/she worry ppl will do something to them?  |
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Jul 3 2019, 11:45 AM
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All Stars
21,963 posts Joined: Dec 2004 From: KL
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QUOTE(Jordy @ Jul 3 2019, 11:29 AM) Do what to them? For example? Hiring thugs to harass the owners? For all you know, the owner might be a bigger thug than you think hmmm perhaps someone who invested their whole life money got cheated and has nothing else to lose he/she take parang go chop the owner? |
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Jul 3 2019, 02:39 PM
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Elite
5,626 posts Joined: Nov 2004 From: Klang, Selangor
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QUOTE(WaCKy-Angel @ Jul 3 2019, 11:45 AM) hmmm perhaps someone who invested their whole life money got cheated and has nothing else to lose he/she take parang go chop the owner? If that is the case, many scammers should be dead by now. But we still see them wandering around.Your own decision to invest in a dubious scheme, you have to bear the risk of losing money. Nobody will be so dumb to go and kill someone just because of this. |
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Jul 3 2019, 04:14 PM
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Senior Member
2,544 posts Joined: Jan 2003
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QUOTE(WaCKy-Angel @ Jul 3 2019, 11:45 AM) hmmm perhaps someone who invested their whole life money got cheated and has nothing else to lose he/she take parang go chop the owner? Johnson Lee of JJPTR is still alive and kicking! |
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Aug 7 2019, 11:13 AM
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Senior Member
1,587 posts Joined: Apr 2011
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QUOTE(Jordy @ Jul 3 2019, 11:09 AM) Their main business will definitely not gulung tikar, but one is investing in its subsidiary companies now. It could be an empty shell company that people are investing into, which promises to take over the outlets from the owner once the funding is closed. The question is, why do they need to go through the hassle of setting up more than 10 subsidiary companies and restructure the whole company by breaking them down, for an investment plan which is merely valid for only 3 years? They could've allowed investors to buy into their main business that owns all the outlets, and then buy-back the investment 3 years later at the agreed return rate. my understanding is:Remember Steven's Tea Garden (the subsidiary company of the so-called famous Steven's Corner) which invited the public to invest into its new revamped business? If my memory served me well, the business did not even last for a year, and I don't know of the story thereafter. The more the merrier, as they say. It is supposedly to be an "equity crowdfunding", so there should be equity stake attached to the amount being raised. As long as they have more equity to sell, they could increase the amount to be crowdfunded. when investors made their investment, their monies go into the empty shell subsidiaries once the tenure matured, the big boss behind winding up the empty shell, after transferring the assets to the main company since the agreement only exists between investors and the empty shell sdn bhd, the main company behind got no liabilities to take care of the losses incurred this happened to many Guaranteed Return Rate GRR scheme promised by developers |
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Aug 7 2019, 01:03 PM
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#58
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Junior Member
812 posts Joined: May 2012
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QUOTE(PhakFuhZai @ Aug 7 2019, 11:13 AM) my understanding is: Yea very possible.when investors made their investment, their monies go into the empty shell subsidiaries once the tenure matured, the big boss behind winding up the empty shell, after transferring the assets to the main company since the agreement only exists between investors and the empty shell sdn bhd, the main company behind got no liabilities to take care of the losses incurred this happened to many Guaranteed Return Rate GRR scheme promised by developers |
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Jun 22 2020, 05:19 PM
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Junior Member
268 posts Joined: Apr 2005
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for those who invested in this, do you get the interest paid by them? now restaurant business is suffering due to covid19
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Jun 24 2020, 10:19 PM
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Junior Member
99 posts Joined: Apr 2006 From: Bandar Utama-Selangor/ Albert Park-Melbourne
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lastest update, according to sushi mentai boss, feifei crab close down, the owner scam and runaway with investor money..
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