hey guys, must warn you guys this.

On the proxy form, read the Notes (1):-

A Grower of CHGS entitled to attend and vote at the meeting is entitled to appoint to a proxy to attend and vote in his stead. A proxy appointed must be a Grower of CHGS.

QUOTE(sam sam @ Jan 23 2013, 03:49 PM)
in the event they cant sell the land this represents worst case scenario.
the unaudited assets divided by the amount refunded
they can only refund in full if they sell the land succesfully at 129 million or higher
again this is the worst case scenario."


at least someone is talking sense....read the details figures inside the circular

i believe they should not have issues to sell the land at 129 million since its oct 2010
but they need to find a buyer for the land.

If i am a buyer why would I want to buy a land that had a fail palm oil plantation. the risk is that a new buyer may value the land lower.

I would like to continue receiving dividends as that was my plan but if the mother company is up to something will like to cut losses and move on to other investments

OMG. THEY HAVE TRUSTEES & ARE BACKED BY A BANK, MAN.

& PPL HAVE INDEED SEEN THE PALM OIL. FIRST BATCH OF BIG BUYERS WERE GIVEN A FULL TOUR, HELICOPTER RIDE, ETC.

CHEER UP - IT AINT AS BAD AS U THINK.

JUST GOTTA STAY CALM & PROCEED IN THIS MATTER WITH A COOL HEAD & PROPER FACTS.

Hi All Growers

Imagine going into the meeting...and the winning vote is AGAINST the Proposal...

Meeting could then be adjourned or continued on to determine the next course of action...

What if PGCB now announced it cannot pay 2012 yield of 12% as hinted by the expert Andrew Heng in his "Recommendation" on page 8 Part B of the Circular?
PGCB must already has at least 5% cash in hand and 5% in Investment with Trustee since the Proposal requires 10% payment within 30 days.
  Do we accept 5% yield or insist they must pay the first 5% part on due date, then balance 7% later ?...

What would be the revision of terms that we can accept, especially the yield A based on average CPO price ?  Maybe temporary reduced this yield A rate ?
Above is going much ahead, and actual event can be otherwise, but it's good to be prepared.

We cannot run this estate ourselves.  Our current management team want to bail out. What is we continue and our directors reallly bail out ? Then what do we do? Who is going to organise a new management team? Get out now. Grab the 24+percent we have earned the past 3 years.

Agree to vote against early termination but do you still trust the current management to manage this scheme? Why they only
informed us in the eve of dividend payout? Did all these problems happen overnight? LKY should have given up his investment
to compensate the Growers and this is also to clear his name for exploiting the investors. We could agree to receive lower dividens
as exchange of long term investment. Also the AGM must be held after CNY to allow more growers to attend.

Just one question here, have any grower visit the gua musang estate b4? And, can share your view here? Is it really suck like the proposal mention?

I cant get what you mean, does it mean you mail me the form, and i need to submit to them b4 the date line? Or i just hold your original copy and attend the meeting?

Yes, I understand that I am being steered into accepting their proposal but u have to understand, I am just a small fish in a large pond.
They are the pond and they proposed (control) everything, what am I suppose to do? fight with the big guys?
I even received emails from my agents telling me to vote AGAINST and he is telling all his customers as well.

I don't have any answers to ur question on the how, when, what, I guess that will be answered during 8th Feb but what I know is that both FOR and AGAINST will both result in disadvantage to us as an investor. The only difference between FOR and AGAINST is FOR (2 years time frame according to the proposal), a glimpse of hope. U might get ur 90% money back, u walk away forgetting about this and look for a new investment. Let say the AGAINST win the vote, what is the next course of action?? Trustee steps in, PGCB replaced by a new management, don't care anymore, Bee Garden no longer have to bear anything anymore, no more responsibilities from their side. Will the new management be able to run the business as normal? Are they going to revise a new agreement to all the growers? How can u be sure that the new management won't let this kind of crap to happen again? If they can't manage it, they wind up, I get nothing at all...and I have to go through this more than the 2 years time frame just to know in the end it's a dead end.

It is unfortunate that this happens now after enjoying the dividend for the past 5 years but for me after looking at the big picture, short term pain is better than long term pain.
I know many ppl won't accept my comment but anyway, this is my opinion only. no hard feelings.

Frustrated, Exactly...and that cause me to can't think in the first place. What I told my friends is exactly what u said earlier.
They realize the issue and they are acting responsibly by giving notice of 21 days upfront before the GM.
If this is another get rich quick scheme, I think by now, the ppl are already in Hawaii enjoying. Why further called for the GM to take place.

to postpone the meeting, what action shall we take? write letter to them? pls forgive me that i am not high educate person. And bear in mind that, we may be the very low % of the minority grower that are access to the LYN forum. There are high % of uncle auntie that are not aware of our discussion. There may get affected by the proposal and vote yes.

TQ FOR THE COUNTER POINTS, SabahMan.

IF IT CAME DOWN TO IT, ITS STILL BETTER TO VOTE AGAINST SIMPLY BECAUSE WE CAN AMEND THE TERMS SO MUCH BETTER.

THE NO ROI, 2 YEARS STAGGERED PAYMENT, ETC IS RIDICULOUS.

THEY DEF CAN DO BETTER - SO, A VOTE AGAINST TELLS THEM THAT EXACTLY > "NO, YOUR TERMS ARE UNSUITABLE & WOULD NEED TO BE AMENDED FURTHER IN OUR FAVOUR IN ORDER FOR US TO EVEN CONSIDER IT ACCEPTABLE".

GIVES US ROOM TO NEGO, INSTEAD OF ACCEPTING THE SCRAPS THEY'RE THROWING AT US.

LEGALLY, ANYTHING DONE 'VOLUNTARILY' BEARS NO CONSEQUENCE.

... & THIS IS DEFINITELY UNDER DURESS, THERE'S NOTHING VOLUNTARILY ABOUT THE WAY THEY'RE FORCING IT ON US.

Dear All, We all agree this scoundrels cannot be trusted. Look at the reasons they gave us. Too many elephants. Too much rain. Soil not fertile enough. Price not good. Minimum wage. These are all ridiculous. It's as if Malaysia suddenly had too many elephants, rain and the soil suddenly turned infertile. These are all the type of excuses a con man would give you when he can't pay you back your money. It's a classic modus operandi of cheats. Promise high returns. High returns in the beginning to induce you to buy more and then cabut. Agree. we should terminate but get back our money much sooner than 2 years. It should be 50% now and 50% within the next 1 year but bottom line is we want to get out.

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.

seriously, I find this nonsensical.

Yeah answer was come to the meeting and everything will be discuss there. That was their answer.

The investment is solid plan. Its a feasible, economical viable and realistic program. The only thing that is "grower" is the minority and the "company" take advantages from "grower". If Tan Sri play fair and gentleman, everyone is  a winner. But now it seem they had played the "growers" from day one, someone sit on the meeting table and suggest.. "If the company aren't ready to spend 5-7years waiting the palm to grow up... why don't we use our goodwill to ask people invest in with over price option which will cover our ass and their stupidity over the years? At the end, sure we can had some clause to make them look like an idiot and we are harmless from any liabilty"

So, here play the part of the great sound great plan scheme. If the 20% gold scheme people think is real, then this plantation related investment with 8% is damm real.

The people is totally not at fault here, is a reasonable return scheme, a solid company backing and a genuine asset to be invest in it. But the "company" use  their resources to make sure they get the fund in, and make sure everyone is happy for the initial period and then make sure when time is right, then fv you .

Its all legal and nothing the "grower" able to do anything.. just worst to worst.. company wind off .. sell the assets and see what it left... but wait... you are not the share holder, or even close. All scheme participants only buy their rights in participation and earn their share of participation. No clause claim that your enrollment entitle you to title of any plot or even any share in the offeror "company". Just like trust fund, you trust your fund in other people hand you dont own the company that sell you the fund.

Just let say, the "grower" finally able to achieve a victory to enjoy priviledge of the assets, the land is est at RM129mil instead of the RM215mil paid. So if the luck is good, the asset said fetch a RM100mil, your capital had lost over 53%, the max you can expect your capital return is 45-50%

KEEP IN MIND, the return rate is guarantee, but not the capital, if the 'company" decide to pay you back your 100%, the "grower" still wasted their 5 years and also the supposing profit sharing which is rightfully belong to the "grower"

The government has to step up and teach them a lesson, not to team up with them and hurt us. People the rakyat alot save up years and years just hope to able to make sound investment. If PLC can do this to us, then why not the government as well ?