beware.... dude

hello, any updates from ppl who join this investment?
my friend just join this investment and exchange n95 for rm44k investment + monthly 14% return.
Fishy isnt it? but really tempted to join...

my friend already called up Securities Commission to ask about this company, it is not authorized to collect any investment funds from public. and they also did remind to report to them if this company does collect investment from public and promise monthly returns.


guys, nowadays there are many companies set up to take advantage of the loop hole in system(rules and regulations) set by govn.

EG
sunshine empire, which is a subsidiary of empire group recently started a construction project in MELAKA and claims that its part of their members investment in the company(best of all, MELAKA chief minister was there for ground breaking), but many didnt realize that actually the project is under empire group, if sunshine empire goes down, the project will still continue, but the project has no direct link to your investments, hence you will not be able to do anything about it. this kind of camouflage thingie is pretty famous nowadays, i advice all those who want to get into investment be careful on this things.
i am not saying that MW, or SE will definitely go bankrupt, but there is a very high possibility it will, as no one company in this world can afford such high payout, even warren buffet, the greatest investor in the world right now cannot promise u a 120% return every year, what makes u think MW and SE can?
yes, MW is an MSC company, it is credited by BNM, but how sure are u that you 44K is going to the legal part of the company? my guess will be, you are just investing in one of MW subsidiaries. and when its gone, ur money's gone, but MW's not going to do/dont have to do anything. after all, its free money.

point will be another loop hole ...
when the company/sub gone or bankrupt, they owe u nothing then point ....

Let me try to share some information.

Those people who joined early "Early Bird" definately will get the returns as promised and will break even after 6 months.

I don't know the background of the company. Even they are approved by BNM on the project but that does not mean that the BNM knows what they are doing. Initially the company might propose up the plan and approved by the BNM on the M-Wallet project. The company uses this approval and draws up another strategy plan to run this mlm.

Think about it. If the monthly returns is about 14% and per annum is 168% and this money is payable to the investors as the results of capital contributed for them to run the project.

168% is the cost of capital of the project. In the view point of the company and shareholders, why don't they finance this project by obtaining the loan from banks and pays 10%+ - per annum interest rather than 168%?

Conclusion:

Early birds will earn and see whether you dare to join now and wait for 6 months to breakeven. If everything smooth in these 6 months, then you are safe. Otherwise, say bye bye to your money.

44k can buy a few dozen N95 already, why need to go through it?

I would want to reiterate my previous statement.
What's the logic behind the high pay out?.....give it a thought...

WARNING!i advice all the investor MW is a MLM company also!
i had join the company before.
poster,if u want i can provide more comments here with my experience also.
and poster, i wanna know how long you join this company already before you give opinion
on my comment!

errrr.....care to elaborate more?...don't get what you're trying to express here.
We knew it's running on MLM strategy to fund their business.

i wanna wait until the poster-vanliren coming out only i will give more comment.
i m really dissapointed of this company(MW) here and i dont want other people to get involve.
once the poster reply on my comment i will make sure this post getting close!

---

Added on December 5, 2007, 10:41 ama remind for all moderator also-The posting of any MLM, get-rich-quick, referral programs, pyramid schemes is strictly prohibited here and anywhere else in Lowyat.NET. Any such postings will result in an immediate 3 day suspension of your account.



This post has been edited by TradeMaster: Dec 5 2007, 10:41 AM

Yes, thanks for the reminder.

Until it is confirmed the programme is 'get rich quick' or whatever against the law, moderators generally will leave it for time being, until it is confirmed or proven, something like given benefit of the doubt, not guilty until proven. Some of forumers also raise suspectibility about it before, and this thread being left alive so that we can found the actual fact of it.

It is also tough job for moderators to find out sometimes, as some of them can use camouflage strategy to make it being seen legitimate.

For sure, we won't let a thread that promote illegal stuff in the forum.

Please share with us if you know anything about it, as it only will beneficiary to all.

Thanks.

This post has been edited by cherroy: Dec 5 2007, 10:57 AM

as what i said before i want the people who posting this kind of MLM company infomation standing out now pay responsible and give opinion on my comment then i will prepare my 'machine gun'...
beware poster,on every word you said during the session you answering me!

This post has been edited by TradeMaster: Dec 5 2007, 11:13 AM

Too unbelievable to be honest.

are you talking about me?
are you poster's friend?

Powderful, I couldn't understand you.

ya agree, point is a strategy
very simple, all this kind of money game is all about $$ roll $$
u give them money, they give u points
when bonus come in also as points, they will try to reduce/prevent cash payout to strengthen their cash flow.
majority of payout in this kind of companies are not withdrawn but reinvested, so company is actually taking in lots of $$ but giving out only minimal amount.

if not how can swiss cash survive for such a long time?
even if govn didnt close down their activities, i think they also will close down themselves very soon.

http://www.bnm.gov.my/index.php?ch=103&pg=638
List of Issuers of Credit Cards, Charge Cards, E-money and Remittance Service Providers


http://www.msc.com.my/cs/company/default.asp
Listing of Active MSC Malaysia Status Companies


http://www.kpdnhep.gov.my/index?cpath=65_8...an_Langsung_sah
SENARAI SYARIKAT JUALAN LANGSUNG YANG DILESENKAN BI BAWAH AKTA JUALAN LANGSUNG 1993 -( Mengikut Jenis Pelan Berbilang Tingkat MLM)


Suruhanjaya Syarikat Malaysia (SSM) Mobile Wallet SDN. BHD.
Shareholders/Members



NEWS



This post has been edited by happy4ever86: Dec 30 2007, 05:02 PM

Why? Because of they wanna get the Mobile Wallet monthly rebate program ~
You use RM44k to join member, you get 44K points to redeem items, but every month you still get e-Money rebate that can paying bill.
You use the 40K cash to buy items, once you buy, the next month you get nothing, that's all ~

the 44k points you can redeem Giant cash vouchers or BHP petrol voucher ~
every 6 points equal to RM1 (for Giant cash voucher or BHP petrol voucher), mean that you might get RM7333 product ~
if changing their own MW product like massage chair, evevry 1 point is equal to RM 1 ~
depend which product you redeem ~

This post has been edited by happy4ever86: Dec 30 2007, 05:12 PM

How does company make money? And where is those rebate come from?

Company is using mBill System Service earning money, but how?
After joining this Mobile Wallet, you will get a e-Account, every month you will get rebate from company, depend on which package did you buy.
Once your e-Account have e-Money, you can use those money to pay bill like those Maxis, Digi, Celcom, TMNET, ASTRO, Telekom, Tenaga National, Indah Water, even Summon also can pay by Mobile Wallet.
Mobile Wallet will get 1.5% - 3% profit from those bill payment, but those profit not take from member, is take from company that i listed at above.
It's similar with those credit card company, they earning those 1.5% - 3.0% or even higher while you using their credit card.
So you think MW is earning or not?
Other way company making money is get mobile merchant partner.
Like Nokia, Mont Blanc, Fujitsu etc. MW selling their product using e-Money, MW will get profit from those merchant.
MW still have alot of other way earning money, but it's hard to explain all at here ~

Future, car installment, house installment, credit card payment can be pay by Mobile Wallet!!!

Rebate come from?
Every month of 5th and 20th, company will rebate members with their profit turnover, depend on which package you bought ~
Let said RM 44,000K package, monthly you will get 12% rebate : 5th rebate 1st time 6% + 20th rebate 2nd time 6% : 12%
Now everymonth is getting around RM5000k like that ~

What is the use of getting MSC certificate?
MSC provide Mobile Wallet competitive financial incentives, including Pioneer Status (100 percent tax exemptioin) for up to ten years.
Or an Investment Tax Allowance for up to five years and no duties on the importation of multimedia equipment.
1 year, Mobile Wallet can save up to RM33,600,000 because of MSC free tax certificate.

We have our own AJL license to running MLM business, not those money game company ~
MAVCAP is invest at Mobile Wallet 2.5 Million, MAVCAP is a company that belong to our ministry of finance ~
And it's a biggest shareholder at Mobile Wallet, so you don't have to worry about this company is illegal ~

I won't say that this is a risk free ops company, but it's a low risk ops company ~
It's still depend on you how to look at Mobile Wallet, yours money, yours choice ~

This post has been edited by happy4ever86: Dec 30 2007, 05:46 PM

It's really quite fishy if you dunno how the plan or Mobile Wallet working ~
But if you have the time, you can go office that held at Cheras there for a look ~
Or asking the Marketing Manager explain to you ~
Just around Jalan Peel Carrefour there ~