Thank you for the comments False Alias. This company does not have the money to pay us the dividends. They said they can't and therefore won't. It looks like their parent company won't either. The 12% interest rate is unrealistic if we base it on their earnings form this estate. The only way we can fight for it is if we sue them. This itself is complicated with so many shareholders.Even if we win they can just declare bankruptcy and we get nothing. Forget about ROI. Cut our losses and get out of this rotten marriage. Many people don't understand. All we have is a certificate that we own a share of the profits. WE DON"T OWN ANY land. This certificate is now near to being worthless because no one will buy our shares except this company. They are willing to do the less evil thing which is to buy it back. Take it. Do you want to be bounded to these jokers the next 20 years. ROI or not the mental and psychological stress is not worth it. I forsee if we continue this partnership, we will forever be arguing about the dividends they give us each year. Take out our principal. Cut our losses from potential ROI lost and invest it elsewhere like under our mattress.

The entire story just like using growers money to start the business and later when oppoutunity
then buyback all the plots at a very low price .....

Clearly understand any investment will have risk , but the issue is CPO price is so much higher than
the scheme .question remain the on the Yield ?

sorry,one more question here ..do we need to indicate the agreement no in the proxy form or just the no of plots of land that we bought? coz i have two proxy forms here.

will vote for AGAINST like what Falsealias and mkhor7 said, at least have chance to nego. and change the repayment period to a more reasonable time.

Another similar scheme by Golden Palm has its plantation at Gua Musang as well.

Do they face the same problems?

IF ANYTHING, GP WUD BE FIRST IN LINE WAITING TO OVERSEE / BUY OVER / MANAGE CHGS CURRENT PLOTS.

ITS A DOUBLE EDGED SWORD FOR US - CAN BE BENEFICIAL OR DETRIMENTAL TO US.

To me is Mother of all con and it was done publicly, legally and still can sleep at night.
If BN mean business in becoming people government, BN should put Tan Sri Dato' Paduka Lee Kim Yew behind bar for abusing Rakyat like us.

So anyone called them to check 2013 got dividend a not?

I will attend the meeting too at Penang YMCA too. Any changes on time and venue, please notify.

After Tan Sri LKY "INVESTMENT OF CERTAINTY" become "INVESTMENT IN PANG SAI CHUA" and cause all nation Growers in  worrying state n difficult situation/depress/cannot sleep well/cannot makan well/cannot pangsai well and etc.....Now come another new similar scheme

Who dare to participate? KAKALAI ..... KAKASEEE

http://biz.thestar.com.my/news/story.asp?f...32&sec=business

Golden Agro offers 70% of grower plots to public

KUALA LUMPUR: Golden Agro Plantation Sdn Bhd has allocated 70% of the grower plots, or 29,240 plots, to the public to participate in its Golden Agro Growers Scheme.

Its chief executive officer, Datuk Allan Lim Kim Huat, said the management would retain 30% of the plots in the plantation in Mukah, Sabah.

"Each plot is equivalent to 1/4 acre and will be offered at RM8,000 each. "The scheme offers a guaranteed 7% returns for the first five years (projected at different palm oil prices).

"Currently, the price for the commodity is around RM2,300 a tonne," he said at the soft launch of the scheme here on Tuesday.

Lim said one ha of oil palm could produce four to 5.5 tonnes of crude palm oil (CPO) annually, which made it five to 10 times more efficient than any other commercially-known oil crop on a per ha basis.

He said Malaysia accounted for 39% of the total CPO production and 44% of total world exports.

"If we take into account all other oils and fats produced in the country, Malaysia accounts for 12% and 27% of the world's total production and exports of oils and fat respectively.


"Therefore, as one of the largest producers and exporters of palm oil products worldwide, Malaysia has a very important role to play in fulfilling the rapidly-expanding global demand for oils and fats," he said.

He said the Companies Commission of Malaysia has approved the scheme.

Subject to availability of the plots, there was no limit to the number of plots each investor could subscribe to.

"The plots are freely transferable after two years," he said.

Lim said 100% of the audited net profit would be distributed from year six onwards until the maturity of the plantation in 20 years.

The share of net proceeds from the sale of plantation land then would be distributed upon maturity, he said.

On the choice of the land in Mukah, he said, there was no need for investors to worry as the land was safe and free from the wild animals. - Bernama

Thanks,
I'm helping the minority where i can with much prayers and God will guide us accordingly. There are many other Growers and supporters who are each doing our parts.
I'll try to see both sides of the coin for the bigger picture and win-win.
Penang is having their meeting tonight.  we'll see what the majority of the minority wants.

How many for and against for termination?  Can i just leave the decision blanks and let the proxy to write on top?  Because i will send to MWSG and let the majority to decide which way they want it to be.

?!!!

WTH IS WRONG WITH EVERYBODY?

WHY THE PREMATURE VICTORY CELEBRATIONS?

ALL WE HAVE CURRENTLY IS A BUNCH OF WORDS THAT IS NOT ADMISSIBLE OR ENFORCEABLE IN COURT.

WITH NOTHING IN BLACK & WHITE - THIS IS JUST A WHOLE LOT OF RUBBISH TO SWAY VOTING DECISION.

THE PAPER MAY HAVE EVEN MISQUOTED HIM... THATS EXACTLY WHY PAPERS FREQUENTLY ISSUE RETRACTIONS!

LKY'S 'PERSONAL GUARANTEE' MEANS LESS THAN TOILET PAPER... I REMEMBER ANOTHER PERSONAL GUARANTEE TOO > 'INVEST IN CERTAINTY'... HOW DID THAT TURN OUT?

MAKE NO MISTAKE - LKY'S WORDS ARE USELESS IF NOT LEGALLY BINDING IN BLACK OR WHITE OR EVEN REALISTICALLY ENFORCEABLE (MEANING, WHAT HAPPENS IF HE DIES? OR DECLARES BANKRUPTCY? OR ABSCONDS TO A DIFF COUNTRY?OR IS FIRED/RETIRES/DECLARED INSANE/UNFIT TO CARRY OUT DUTIES... OR A THOUSAND OTHER LOOPHOLES THAT MAY MYSTERIOUSLY APPEAR LIKE THE PREVIOUS RAMPAGING ELEPHANTS, TEMPESTUOUS WEATHER, SUDDEN MAGICAL TERRAIN SHIFTS, ETC)

...HAVE WE NOT HAD ENOUGH OF HIS BULLSHIT?

WHY DID HE SUDDENLY DECIDE TO OFFER 'RM25 million' AND 'I will ensure that the growers will be compensated within six months instead of the two year timeline stipulated in the circular.'?

IF HE TRULY MEANT 'out of goodwill' > BOTH THE ABOVE WOULD/SHOULD HAVE BEEN IN THE VERY INITIAL AGM LETTER!!!

SO, WHY THE SUDDEN LARGESSE IN THE LAST MINUTE?

...SIMPLY COZ HE WAS CALLED ON HIS BULLSHIT SHODDY BULLYING UNDERHANDED TACTICS & KNOWS THAT THERE'S NO WAY HE'S GONNA GET MAJORITY NOW - SO BETTER CHANGE TACTIC & GIVE BS NON-ENFORCEABLE VERBAL ASSURANCES & TRY TO PERSUADE FOOLS TO BITE THE BAIT SO HE CAN GET THE VOTES.

HAS ANYONE EVEN CALCULATED WHETHER 'RM25 million' IS ENOUGH TO COVER THE 12% DIVIDEND FOR ALL GROWERS? PLEASE DO SO & POST UR FINDINGS HERE.

BOTTOMLINE:

VOTING AGAINST VT ONLY STRENGTHENS OUR ABILITY TO GET OUR 12% DIVIDEND & ROC WITHIN 6 MONTHS, AS WE'LL BE THE ONES HOLDING THE POWER & CAN DICTATE THE VT TERMS (WHICH LKY HAS ALREADY SO-CALLED AGREED TO BASED ON THE ARTICLE - MEANING ITS A SLAM DUNK FOR US ANYWAY... WITH THE DIFFERENCE BEING WE STILL RETAIN THE POWER IN CASE HE TRIES ANYTHING IN THE LAST MINUTE). SO, VOTING AGAINST VT IS INSURANCE FOR US TO ENSURE LKY COMPLIES & FULFILS WHAT HE SAYS IN THE ARTICLE -  BECAUSE WE'RE THE ONES IN CONTROL!

VOTING FOR VT ONLY WEAKENS OUR POSSIBILITY TO GET WHAT WE WANT AS (CURRENTLY) IT'S ONLY MERE WORDS BY LKY & NOTHING IS LEGALLY BINDING. HE CAN JUST AS EASILY RELEASE A PRESS STATEMENT LATER SAYING, "I CHANGED MY MIND. TOO BAD. HAPPY CNY"... AND THERE'S NOTHING WHICH CAN BE DONE AS WE HAVE GIVEN AWAY OUR ONE AND ONLY (ALL POWERFUL!) BARGAINING CHIP. CHGS WOULD THEN HOLD THE ENTIRE POWER - & WE'D HAVE NO INSURANCE AGAINST THEM TO ENSURE COMPLIANCE... & LETS NOT FORGET THEIR HORRIFIC RECENT TRACK RECORD OF NOT HONOURING THEIR WORD/TRYING TO TAKE ADVANTAGE OF US... NEED I SAY MORE?

LOOK, IF LKY REALLY MEANT TO GIVE US 12% & A FULL ROC WITHIN 6 MONTHS - ALL HE HAD TO DO WAS CALL OFF THE AGM TOMORROW, REWRITE THE TERMS OF THE VT TO INCLUDE THE LATEST 2 AMENDED PROVISOS, GIVE US OUR 21 DAYS AGM NOTICE & THEN PROCEED TO HAVE A VOTE UNDER THE NEW VT TERMS.... DID HE DO THAT.... NO!

END OF THE DAY, YOU MAKE YOUR OWN DECISIONS & YOU LIVE WITH THE CONSEQUENCES.

Well is a Good news to all minority growers .
That will agree to pay for 2012 dividend and refund the money
6 months .

This thanks to all growers and MSWG who attend the monday forum and layout
all the requirement .
i guess after much debate within minority and tan sri , he knew
that the chances to pass through tomorow agenda is slim.
That why he held the press conference . Maybe the proxy number is too high .

Just one more question to ask , 4 years ago we invest 6500
per plot ,so 4 years later also worth 6500 ?
Isnt there should be appriciation of land value ?
Any just ask , i am more than happy if he could keep
his promise to pay us dividend and return the money
within 6 motnhs