Outline ·
[ Standard ] ·
Linear+
Country Heights Grower Scheme (CHGS), anyone heard before?
|
SabahMan
|
Jan 23 2013, 07:18 PM
|
New Member
|
Friends, I am one of the disappointed. Truth be told. This scheme was a scam from the beginning. It. Was too good to be true but I did not trust my better judgement. I was forewarned to be careful about. LKY. Everyone i have spoken to immediately told me he has a black name. So I want to BAIL OUT NOW! Cut my losses. Demand they give back our principal as soon as possible. Don't harbour any ILLUSIONS of any future profit with this faecal venture. For those who want to continue, hey..have you seen any of the oil palm trees yet? It is a scam. Buy land cheap , elevate expectations, promise at least 12 percent interest and sell the land for twice the price. Brothers, only a cheat will promise guaranteed income and only fools would believe. We were fools! This guy is a known con man. I WANT TO GET OUT OF THIS TITANIC now.
|
|
|
|
|
|
SabahMan
|
Jan 23 2013, 09:35 PM
|
New Member
|
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.
|
|
|
|
|
|
SabahMan
|
Jan 24 2013, 08:39 AM
|
New Member
|
Let us not be stupid. The question is not whether this company can. Untung or not. The. Question is can we get our hard earned principal back? Get out now. I consider ourselves lucky if we get our principal back.
|
|
|
|
|
|
SabahMan
|
Jan 24 2013, 10:39 AM
|
New Member
|
QUOTE(FALSEALIAS @ Jan 24 2013, 10:25 AM) 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... 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.
|
|
|
|
|
|
SabahMan
|
Jan 24 2013, 12:00 PM
|
New Member
|
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.
|
|
|
|
|
|
SabahMan
|
Jan 24 2013, 12:00 PM
|
New Member
|
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.
|
|
|
|
|
|
SabahMan
|
Jan 27 2013, 06:02 AM
|
New Member
|
QUOTE(jeffayn @ Jan 26 2013, 02:44 PM) 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.   I agree. This is a major con job. Someone please help. False Alias, you are right. We cannot vote to so call volunteer terminate. These people are a bunch of liars. Let's fight this till the very end. Bastards!!!
|
|
|
|
|
|
SabahMan
|
Jan 27 2013, 10:36 PM
|
New Member
|
Plan of Action
1. Don't act as victims. We are not small fish to be pushed around
2. We are legitimate investors with rights
3. Find out from our lawyers, whether they are contractually bound to give us interest of at least 12% since the price of CPO is more than RM 2000
4. Find out what can be done if they default.
5. If they are unable to, it is we who should be telling them what they should do. ie the options should come from us. Since when do people who owe us money tell us what choices we have.
6. I vote that we give them the option of full refund within 12 months which is in legal black and white if they can't fulfill their obligations of the 12% interest
7.LKY and his cahoots may threaten bankruptcy etc. Well, let them go ahead then! His shitty reputation will tank and it will affect his other companies.
8. LEGAL ADVICE. We need it.
9. We need a divorce from this company. We want all our money back on our terms not on his ridiculous terms. Don't harbour any illusions of continuing this relationship.
|
|
|
|
|