WHO COVER TRANSFER FEE?

AGREED.

WTH IS THE MAJORITY HERE ACTING LIKE COWARDS? ALREADY TALKIN BS BOUT NOT GETTIN FULL AMOUNT & OTHER CRAP. GROW THE HELL UP & ACT MATURED.

- CHGS OWES US OUR 12% FOR THIS YEAR! THEIR MISMANAGEMENT IS OF THEIR OWN DOING. GLOBAL TRENDS SHOWED CONTINUED STRONG GROWTH FOR PALM OIL INTERESTS.
- EVERYONE SHOULD GET THEIR THEIR FULL CAPITAL REIMBURSED (IF IT COMES TO THAT) AND DEFINITELY XTRA COMPENSATION FOR EARLY TERMINATION. & NO STAGGERED LATE PAYMENT NONSENSE. 1 YEAR MAX.
- QUIT WORRYING BOUT STUPID BS LIKE NOT GETTIN FULL $ BACK, ETC. THAT WHY THERE'S A TRUSTEE.

DONT GIVE IN TO THE VOLUNTARY TERMINATION BS. LET/FORCE TRUSTEE TO APPOINT (QUALIFIED) INTERIM MANAGEMENT TO OVERSEE OPERATIONS & MAKE THIS A VIABLE SCHEME AGAIN. CHGS OBVIOUSLY NOT UP TO THE TASK & SHUD BE FORCED TO RELINQUISH TASK TO THOSE BETTER ABLE TO HANDLE IT.

WE MIGHT TAKE A SHORT TERM HIT, BUT SO WHAT... TELL CHGS TO FUK OFF NOW & WE CAN TRY TO IMPROVE THING WID NEW MANAGEMENT. THIS TIME WE'LL ENSURE NEW MANAGEMENT HAS GOT LIQUIFIABLE ASSETS TO ACT AS COLLATERAL IN CASE THINGS GET IFFY. WORSE COME TO WORSE - WE STILL HAVE LAND IN OUR NAME RIGHT? THAT IS ALWAYS A GOOD THING - FRUIT ORCHARD, CHICKEN FARM, ETC.

CHGS IS TRYING TO CREATE PANIC & GET PPL TO RELINQUISH LAND - SIMPLY COZ THEY WANNA ENJOY HUGE PROFITS BY BEING THE SOLE STAKEHOLDER.

SO, WAKE THE HELL UP, PPL. OUR INITIAL FUNDING HAS DONE ITS JOB - NOW TIME TO RIDE OUT THE STORM & ENJOY THE REWARDS. ONLY PIGS RUSH FOR SCRAPS.

GOOD FOR YOU.

OTHER THINGS TO BE CONSIDERED.

- HAVE THEM POSTPONE AGM TILL LATER DATE & BETTER TIME (10 AM... WTF?!)
- IF AGM CANT BE POSTPONED, HAVE IT STREAMED LIVE ON YOUTUBE - NO EXCUSE! JUST NEED LAPTOP WID WEBCAM & WIFI... HOW THE HELL IS THAT HARD TO GET...?

- EITHER WAY, THERE NEEDS TO BE A VIDEO RECORD OF THE ENTIRE PROCEEDINGS.

MORE TO COME.

THE INVESTMENT IS ACTUALLY DECENT. JUST THE CHGS MANAGEMENT SUDDENLY GOT GREEDY & STUPID. THEY GOTTA GO.

I RATHER OWN THE LAND THAN RELINQUISH IT UNDER SUCH BS TERMS... IF ITS EVEN TRUE IN THE FIRST PLACE THAT THEY'RE FACING PROBS.

ANYWAY,

IF THEY ARE > APPOINT NEW MANAGEMENT. WE SUFFER A BIT TILL IT GETS GOOD AGAIN. ALSO, TAKE CHGS TO COURT FOR EARLY TERMINATION, CBT, CRIMINAL MISMANAGEMENT, ETC. AT THE VERY LEAST, TARNISH THEIR REPUTATION SAVAGELY. NO ELSE WILL FALL FOR THEIR FUTURE BS AGAIN.

IF THEY ARENT > THEN REALLY DESERVED TO BE TAKEN INTO COURT FOR WILFUL & FRAUDULENT MANIPULATION OF FINANCIAL DISCLOSURE RECORDS WITH THE AIM OF FINANCIAL GAIN.

TO SETTLE THIS ISSUE ONCE & FOR ALL, BELOW IS THE EXCERPT FROM THE EMAIL BY MY AGENT. IT CLEARLY SAYS "FULL REIMBURSEMENT". SO PLEASE STOP POSTING NONSENSE ABOUT 'NOT RECOVERING FULL CAPITAL, ETC'. THATS ALL JUST BS... SO JUST STOP IT. BOTTOMLINE, WE'RE ALL GETTING FULL REIMBURSEMENTS.

ALSO, KEEP READING THE BELOW IN FULL TO SEE MY AGENT'S POV. I FOUNT THE PART BOUT 'vote AGAINST the proposed resolution, till it is changed to FULL CASH REFUND of our Capital within 30 days or according to period stipulated in the contract.' VERY INTERESTING. THIS MEANS ITS IN CHGS CONTRACT THAT WE MUST BE REFUNDED FULL AMOUNT WITHIN 30 days or according to period stipulated(?). GOOD TO KNOW!... WONDER WHEN IS THE STIPULATED PERIOD THOUGH > THATS ANOTHER GREAT POINT TO BE TAKEN UP AT THE MEETING!

"Dear Valued Investors,

It's sad to know that, CHGS is proposing voluntary termination of the scheme, meaning they will be refunding the full growers fee, whereby 10% will be paid within 30 days and the remaining within 2 years. They will be calling for a meeting for all growers on 8th Feb at 10am at the Mines Resort City's Convention Centre.

CHGS HQ had sent out the Circular for Volunteer Termination letter with a proxy form (as attached) ,it is important that all of us vote AGAINST the proposed resolution, till it is changed to FULL CASH REFUND of our Capital within 30 days or according to period stipulated in the contract. If u can't attend the 8/2/13 EGM, please make sure you send a proxy to attend so that your vote can be counted. 3/4 in value of the Growers present or by proxy are needed to pass a resolution. If you need detailed explanation please email or call me"

DONT TALK NONSENSE OK.

U WORK IN CHGS IS IT? OR JUST LIKE TO TALK BS & SPREAD PANIC FOR FUN?

UR BS BOUT 'vote AGAINST = 2 years or more (nobody can be sure of this time frame)' IS UTTER NONSENSE!

VOTING AGAINST, IF ANYTHING, WOULD ENSURE SPEEDIER REMUNERATION AS BUYER FINDS THE SETTLEMENT TERM PERIOD DISAGREEABLE & WANTS SPEEDIER REMUNERATION. ITS EVEN STATED 30 DAYS OR SPECIFIED PERIOD IN THE CHGS CONRACT!!!

READ MY PREV POST BEFORE TALKING SUCH NONSENSE!

MORE BS. F OFF, MORON.

DUN GET ALL PISSY COZ SOME1 CALLED U ON UR BSHIT.

WZUP mkhor7

All buyers are very angry and disappointed with this Proposal by PGCB. Until the meeting day, many of us are still confused and grieving over our imminent losses. > EXACTLY. SO THERE'S NEED TO CREATE UNNECESSARY PANIC. IF PPL ARE STATING OPINIONS, CLEARLY SAY ITS OPINION. DUN ACT LIKE ITS FACT.

But please, fellow forum members here do not need harsh words. > OH, I NEVER INSTIGATE SALTY LANGUAGE. BUT AM MORE THAN HAPPY TO RETALIATE WID EM.

CHGS by their action is throwing the contract covenants into the bin because they claim no foreseeable profitability from the CHGS plantation, and they do not want to "subsidy" from their other plantation and business. Money talks louder than their dignity. > BOTTOMLINE, SCHEME SHUD BE TRANSFERRED BY TRUSTEE TO A VIABLE PARTY WHO CAN BRING IT UP AGAIN. FAILING THAT, FULL CAPITAL REMUNERATION & 12% ROI WITHIN A MAX 1 YEAR PERIOD IS A MUST. WORSE CASE SCENARIO > WE STILL OWN THE LAND.

Our best strategy now could be vote Against their Proposal, then use the meeting to find alternative solutions. Be prepared for more meetings after CNY with the Trustee and PGCB. > AGREED! NO WAY IT WILL BE RESOLVED IN 1 MEET.

[b]One sure thing by voting Against is that CHGS must pay us 2012 yield of 12% due on Valentine Day Feb-14. > EXACTLY. NOW, WHY CANT THE REST GRASP THIS SIMPLE CONCEPT...?

WHERE ARE U GETTIN UR FIGURES, SAM? > refund only 65%

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.

YOUR MATHS IS INACCURATE.

WE DONT GAIN 24% ROI... WE ACTUALLY LOSE 36% ROI!!!

HOW?

LIKE THIS > (1) IF DONT GET DIVIDENDS THIS YEAR, THATS 12% GONE.

(2) NEXT, IF WE VOLUNTARILY TERMINATE & ACCEPT 2 YEAR PAYMENT... THATS ANOTHER 12% X 2, WHICH EQUALS TO 24% IF THE SCHEME CONTINUED NORMALLY.

COMBINE BOTH & IT MEANS WE LOSE A WHOOPING 36%, AS WELL AS LOSE ACCESS TO OUR CASH FOR 2 YEARS!!!

AT LEAST IF IT WAS IN BANK, WOULD BE EARNING 2% - 4% INTEREST IN THOSE 2 YEARS...

This post has been edited by FALSEALIAS: Jan 24 2013, 10:26 AM

For most of us, we buy into CHGS because we want to partner a palm oil plantation venture here. If the plantation now is in bad shape and some trees were lost, allow the current team some time to restore it. > AGREED. TAKE A SHORT TERM HIT. ITS STILL A VIABLE VENTURE AS DEMONSTRATED BY GLOBAL TRENDS. I'M IN IT FOR THE LONG RUN. CHGS IS USING CUT & BAIL TACTIC & PROB WANTED TO MAKE A SHORT TERM PROFIT FROM THE START.


I feel the Board of PGCB made this VT Proposal because they do not the money now to pay 12% without losing a small piece of their shirt. And if the plantation is as bad as they claimed, it has no means to pay us 10% to 12% yield on every Valentine Day up to year 2030. > THEY'RE BASTARDS FOR DOIN IT - BUT YEAH, I WOULD RATHER ACCEPT A LOWER ROI & THIS SCHEME GO THRU FOR THE LONG TERM.

YOUR COMMENTS & OPINIONS ARE FULLY LAUDED.

EVERYONE WILL APPRECIATE AN OPINION WHEN ITS CLEARLY STATED AS AN OPINION & NOT AS A FACT.

G'LUCK TO YOU HOWEVER THIS TURNS OUT.

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.

IT'S COOL, MAN

PEACE.

Beginning to like your ALL CAP, direct to the point... > TQ, SIR/MAAM. THE FEELING'S MUTUAL - DIGGING YOUR ACCURATE OBJECTIVE ASSESSMENTS & ASTUTE FINDING OF ACTIONABLE FACTS. GUESS GAME RECOGNIZES GAME


It may be a foregone conclusion they will get their FOR votes. LKY team up to the last Prospectus date of 12-June-2012 is still selling good points about CHGS.
What were their plannings and strategies since then ??? > AN INTERESTING THOUGHT OCCURRED TO ME - MIGHT BE A WIN, PARTIAL WIN FOR ALL SIDES CONCERNED. WILL PM YOU LATER 2DAY BOUT IT AFTER DOIN A QUICK FEASIBILITY STUDY.

What is our strength? Are we hopeless? > NO, WE'RE NOT! SPAAARTA!

JOKES ASIDE THOUGH, THIS IS A MATTER TO BE SOLVED BY COOL HEADS BACKED BY STRONG, IRREFUTABLE HARD FACTS TO BE DELIVERED IN A PROFESSIONAL BUT FIRM MANNER IN THE MEETING/OTHER AVENUES.

CHGS BROKE FAITH WITH THEIR BLATANT ATTEMPT TO BLINDSIDE/PANIC US WITH THE INTENT OF FORCING COMPLIANCE/GETTING KNEEJERK REACTION FROM US - SO, WE'LL RESPOND IN A COOL, COLLECTED MANNER TO SHOW THEM WE'RE FULLY AWARE OF THEIR UNDERHANDED TACTICS AND CALL THEM ON IT. MAYBE EVEN MAKE IT PUBLIC.

POTENTIAL PUBLIC EMBARRASSMENT & HARD FACTS = GREAT LEVERAGE FOR NEGOTIATING BETTER TERMS.

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.

I DEF WUD BUY - ESPECIALLY IF ITS PALM OIL INDUSTRY WHICH HAS GREAT GROWTH POTENTIAL.

BUY WHEN CHEAP - NUTURE TILL PROFITABLE.