First, I do not mean to add salt to injury here. I (and others as well) would like to learn from this event.

I was thinking of investing in this one some 3-4 years ago. Looked very attractive with the guaranteed return and also the good prospect for palm oil (especially the new use as bio-diesel, I am an environment conscious guy).

Later, did not go ahead partly due to heavy work load and also, in some sense, it was too good to be true. Asking myself, if it was so good, why did they want to share the good fortune with others? Also, the guarantee is only good if the company survives (learning from the many similar condo/apartment advertisements). The other criterion I am using is, the companies I invest in must have proven good performance record (3 years at least).

If you don't mind my asking, what was it that prompted you to invest in this?

Just speaking my mind, get a lawyer to go through the contract (if not alreday done) and see whether they have the power to terminate this. If there is a clause in the contract, try to squeeze more compensation as group from them.

All the best with your group's fight for your right!

Cheerio.

Big Fish always win. This story tells us in all investment, no matter how good it looks like, there is always risk. High risk high return. Low risk low return.

On the hindsight, how much is the return to the investor ? Let's do a simple calculation

Buy on 1/1/2007 RM5000
Get 1st dividend 1/1/2008 8%
Get back RM500 in 2013
No dividend for 2013, 2014 and 2015
Get back RM4500 in 2015

Returns
2007 0%
2008 8%
2009 8%
2010 8%
2011 8%
2012 12%
2013 0%
2014 0%
2015 0%

Simple interest calculation (not NPV), the average return over the 9 years is 4.89% pa.

Actually not too bad (based on the above dividend rate) compare to FD which is risk free. Provided the growers will get all the capital back (RM500 + RM4500) by 2015

But of course, the promoter gain the most as it got cheap funding for a high risk business

The growers should just accept the proposal and forget about the whole thing. Go enjoy the CNY holidays instead of attending the meeting. The most you can do is don't get involve in the future with investment which got anything to do with the promoters of CHGS.

The growers are 100% better than those Genneva investor. Consider yourself lucky because at least the promoters promised to pay you back the capital, although it is 2 years from now. I think the rich bosses will be happy to "honour" his promise and pay you back the money in 2015 and say "thanks for the cheap funding, anyway.... "