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Investment Fei Fei Crab crowdfunding/investment
TSWaCKy-Angel
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May 24 2019, 10:46 PM, updated 4y ago
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Sorry if already have an existing discussion please point it to me. Tried to search but not found. Anyone attended their investment talk? Mind to share how it works? Saw at fb says can get 12% interest? Sounds too good to be true? I've eaten at their restaurant before and joined their eatflix member whereby you pay double price of the bill and get back the amount as credit which you can use in the future (and current bill is consider free) This too i have abit doubt how they can last..
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TSWaCKy-Angel
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May 24 2019, 11:30 PM
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QUOTE(Ancient-XinG- @ May 24 2019, 11:21 PM) 1. Crowd fund in FB. 2. Too good to be true. 3. GUARANTEE 4. Does crowd fund run on LOT base? 5. Reason of fund? 6. Uses of fund? 7. Previously need x amount now only need x amounts. **Last line. They going to public soon. What's does that mean? Listings soon? IPO? Thats why im curious and wondering how they can sustain. Noone attended their talk yet? I got invitation as im their eatflixs member. Anyone checked they got license for crowdfunding?
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TSWaCKy-Angel
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May 28 2019, 09:32 AM
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QUOTE(aurora97 @ May 25 2019, 10:32 PM) Crowdfunding is a regulated activity under the Securities Commission Malaysia's purview. There is also a requirement for registration. If this activity isn't registered, the provider will get into hot soup with Securities Commission Malaysia. Yup i was curious too whether they have license or not. But its been going on for quite some time already, im surprise not many ppl knows about it. Oh btw they are crowdfunding thru this company https://www.crowdplus.asia/This post has been edited by WaCKy-Angel: May 28 2019, 09:37 AM
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TSWaCKy-Angel
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May 28 2019, 09:38 AM
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QUOTE(kuladruw @ May 25 2019, 11:41 PM) if they are genuine business owner, use the legal crowdfunding platform. here https://www.sc.com.my/development/digital/l...arket-operatorsmost of the time dont need to haggling at public forum, ask people to invest. which is actually illegal, but ask public invest via licensed crowdfunding platform is okay, because money is held in a bank trustee account, money dont give direct to business owner They are crowdfunding thru this company, which is listed in the website above. You may refer to their FB post here. https://www.facebook.com/SignatureFeiFeiCra...8377?__tn__=K-RIf anyone joined and/or can confirm its really legal and not too high risk then i might join
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TSWaCKy-Angel
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May 28 2019, 10:39 AM
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QUOTE(Ancient-XinG- @ May 28 2019, 10:15 AM) We say P2P is really high risk. Very risky investment. ECF is higher risk then p2p. You can figure it out. Heck. I would say Leong hup is better than this. Even LH is shit to begin with. I thought there are a few P2P out there like fundmyhome or fundsupermart or something? also high risk? QUOTE(yklooi @ May 28 2019, 10:34 AM) maybe because it is still not yet live.... clicked on that link....after clicked on "Interested"...there is a pop up window that said it is still not live.... I was wondering that too. but Fei Fei Crab has been inviting investors to their shop to hear their proposal
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TSWaCKy-Angel
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Jun 26 2019, 01:48 PM
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QUOTE(-CoupeFanatic- @ Jun 26 2019, 12:38 PM) wah 800k target on Crowdplus.asia, now hit 111%. oversold some more their "investment plan" really looks like money game eh, run run run maybe a way for them to wash money? Their business is very good i dont think will bankrupt.
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TSWaCKy-Angel
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Jul 3 2019, 11:24 AM
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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. 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. I dont know know Steven story either. But regardless subsidiary or not, the owner is the owner doesnt he/she worry ppl will do something to them?
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TSWaCKy-Angel
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Jul 3 2019, 11:45 AM
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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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TSWaCKy-Angel
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Jun 25 2020, 12:49 AM
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QUOTE(al3xband @ Jun 24 2020, 10:19 PM) lastest update, according to sushi mentai boss, feifei crab close down, the owner scam and runaway with investor money.. U mean the restaurant? I think its still open no?
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