dear investors,
CHGS has causes unwanted issues and concerned for us as an investor.
if you know anyone who is affected by this and from Penang, there will be a meeting held to discuss further on this.
the meeting is organized by the marketing advisors and investors themselves....it is totally unrelated to PGCB folks.
pls make urself available and try to attend to find out further before you submit your proxy voted.
pls pass this urgent message:

time and location as follows:
location: YMCA (opposite island hospital), maclister road
date: 30-Jan-2013
time: 8pm - 11pm

Then why meeting date just before CNY , if genuinely want to discuss?

It is a rush date to wrap up the Termination before 2012 dividend payment due date on 14-Feb.  Then PGCB can avoid its payment withour liability under the Trust Deed.
If they win the Vote FOR, they need not pay last dividend as our CHGS is Terminated after 8-Feb meeting.

Jeffayn already refute all your points convincingly. You got to accept they are the big fish. They have done this type of corporate exercise many times. They can afford the best lawyer, consultant, accountant, company secretary in town. They won't make mistakes you can type it out in 3minutes. Remember all the cost for these lawyers, consultants etc are borne by the scheme, ie you the growers. They don't need to come up with a single cent.

If you all still do not have a lawyer by now, I wish you luck. You guys need lots of it 

Hallo friend, you know the dateline or not? Proxy form to be in latest by Feb 6 at 10 am.

Still you want to discuss on Feb 5 at 8 pm???!!?!?

LETS play a game..

Ali want to plant coco, but he got no money. So he go back kampung tell people his great plan. He collected money from them and promise a interest
of course if Ali fail, then the money will be gone ( For sure he wont tell that in their face, but people who invest should known better)

Ali get the money and ready to plant coco, but then he got brilliant idea, why dont I go buy the land and coco seed at 2x the prices so I already untung before planting it. He did so and rewarded himself handsomely

Now the coco is plant he need to wait so he can only sell the produce, but villager is anxious and some can't wait so long... Ali know he need to pay them, so he take out a small portion of the untung part and pay back the villager..

Villager is very happy as promise full filled.

Year past and now the coco is ready. Ali know when is done , they all will get fair profit.. now Ali start wonder.. why shall I come up with this planting idea, do the work , and  yet I need to share the profit with the rest of the villager...

So he decided to go back his kampung and tell the villager, the coco plantation is failing and is impossible to earn any money. But because we are sama kampung, so I will repay back you all in 2 years time maybe 3.

After 3 years time and another 23 coco still being produce, Ali still owned the land and become multi billionaire and the best part is , he taught Lee the same trick too 

take a twist here....
we are no longer in the dark grey world...

imagine this ......

when Ali decided to pay back the money to the villager, one of the kampung guy say NO, the rest follow say NO.
They all report polis and also complaint to the sultan
Now since is in dispute, the land is caveat and the sultan say no one allow to remove any coco from this land until the dispute is settle.

Do you think Ali is stupid enough to mess his golden coco drop from the tree to floor for like few years time until the dispute is settle or Ali is ready to re nego ?

Hey guys, i have one friend working as media and i get information there was one letter sent out by Tan Sri to all the Growers, i am waiting for him to send over the letter.......

Very informative and some good studies and revelations . however to move forward we need to also highlight the alternatives that the investors can champion from hereon , suggesting a few :

1  . Renegotiate the terms of payout , ie maybe
          100 % Grower's fees paid ( 50% - 1st tranche  , source :advances to BGHSB RM 80M,
          ( Balance 50%  - 2nd tranche maximum 12 mths)
          PLUS - the 12 % divd for 2012 ops
          PLUS attach a caveat on the land (initiated by Trustee)  till payout 
                  of the 100% grower fees and sale of the land with plantation on open tender basis
          PLUS any revenue from the 2013 ops should go towards the 1st 12 % divd payout for 2013
          PLUS If sale of land is completed  with good value , investors should recover back at least 50%
          of the amortised value during 2007-2013 period.

2  .  If the plantation as a going concern is still profitable by virtue of a change in the management corp , advice by other corporate advisor OR  other experts in the field, THEN , we can propose that the MC "sell " the rights to the plantation and land to another MC owned by the growers. Whereby , growers can determine the course of their investment , ie. this is akin to a buyout of the entire scheme from current MC.  The accounting has to be sorted out though.

3. Propose a mutually beneficial formula(for divd payout) to ensure that the scheme can "turnaround-ed" to profitability , but this time with the growers representation in the MC , and a caveat on the operation of the MC , obviously there is a need to amend the management agreements.

In all above scenario ,  a vote against the resolution is a MUST . Thereafter , investors must appoint a committee to deliberate on the above or any other alternatives (these needs to be compiled from the various meetups now and in the past),  with the MC and Trustee  assuming this exercise will remain objective and  cordial without any malice or hostility.

Anyone kind enough to share the highlights of the forum held at MSWG earlier today?

Noted from his letter that the last payment last year was paid from non-estate internally generated funds.

BS. The payment was actually paid from the RM215 million from the investors!

thanks for above post.

i just send my proxy form by normal post today...so I don't think can reach by 2moro.
so, can I courier again another proxy form over to MSWG ??

Please advise.

Although I was not at MSWG forum yesterday, in my opinion, MSWG has offered a very good WIN-WIN proposal that most investors can accept to close off this unhappy episode ahead of the coming holidays.
It is fair and reasonable with all parties voluntary parting to each future prosperity.
I personally plead to Tan Sri Lee to do the right thing for the community of which we belongs to, and to the many families and cooperatives who took up his "Invest in Certainty" motto.

Are we going vote for or against the proposal Or for with modification?

CHGS still have 80 mil deposit into Bee Garden's account and another 20+ mil in the trustee. Both these total up to 100 million which is more than sufficient to run a plantation. The highest cost to palm oil plantation maintenance is the first 5 years (seedling, land clearing, lots and lots of fertilizer), after 5 years the palm is cheaper to maintain with less regular fertilizer and the selling of the fruit is already more than sufficient to maintain (still zero cash flow). And at 7 year old, the palm no need much maintenance and will be cash flow positive.

But first please fire the incompetent plantation GM... who is probably working on LKY's side...