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 Mobile Wallet, Is a new trends in Malaysia

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post Nov 17 2007, 12:44 AM

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QUOTE(cherroy @ Nov 15 2007, 09:05 PM)
This is the fishy part especially the 'investment' plan, invest 11k get 5% + 5% monthly, then invest 22k get 6% so on, the company not yet making money then how they are going to give return to you.
Only pyramid scheme can do it for the return rate.

Mind to explain more otherwise promote pyramid scheme is prohibited in this forum.
Nowadays, a lot of pyramid scheme like to use MLM or innovative product to camouflage their scheme, just becareful.

A lot of people know what is Mobile-money, Hong Leong bank also initiative one before, but definitely not the type of mobile-money as you mentioned in the investment plan.

So please explain in details about it especially the 'investment plan part', otherwise a lot of people will perceive as another 'get rich quick' scheme and thread will be closed then.
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this is "supposed" to be a legal company, said to be running an emall where there are certain products of which u can buy using ur mobile phone.
from what i know, MW is another form of MLM promoting their service+products and is recognized by malaysian govn(came out in newspaper before).
but as we all know, there are numerous company set up with a legal business plan to camouflage their "underground" activities. i'm not concluding here that this company is doing something not right, but just that whenever investment involving huge amount of money is needed(and the best part is u dont need to work to get your return), something is fishy. erm, like SUNSHINE EMPIRE?
logically thinking, if they really have a darn good business plan to work out, the company should have gotten loan from banks instead of collecting money from public to fund their projects, and just a reminder here, only authorized institutions can collect funds for investment from public, and thats what our Securities Commision are for. right?

just my humble opinion.
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post Dec 5 2007, 01:01 AM

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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.
smile.gif

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.
smile.gif
beginner
post Dec 6 2007, 01:46 AM

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QUOTE(SonnyCooL @ Dec 5 2007, 01:20 AM)
point will be another loop hole ...
when the company/sub gone or bankrupt, they owe u nothing then point ....
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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.
smile.gif
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. biggrin.gif

 

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