the bonus of this plan is slow..cos it is running pairing bonus...

if u have a strong network thn will be fine.

thier steak sucks =.= i tried it in pandan indah branch...and thier astrol channel have ESPN only....i want to watch skysport also dont have

I don't think the food there really suck afterall, I visited Puchong branch, Pandan Indah and skudai Red Island Cafe. Maybe i lucky because the food there was not bad and it is not very expensive.

Before i speck i am not an investor or shareholder, my friend is a shareholder and he got a lof of free voucher in hand so we go visit diffferent branch and ate the several time. The problem which IRC facing now is the operational part, they don't have food quality control which means sometime the food can be good and sometime can be suck and different outlet have different quality of food. Beside that the service there is soooo terrible, the waiter always take wrong order, send wrong food and even make mistake when u asked for bill. The worker are rude, careless and lazy.

Why is this happening?

To be fair, IRC is still very new in F&B industries, they don't have a professional person who is experienced in this F&B and service line to run the operational part. If u look closely they don;t have a proper system and don;t have sufficient supervisor and experienced Outlet manager. Those who are running the cafe is marketing manager, sales manager. They don;t have the knowledge in service and F&B line.

However now they are recruiting staff, captain, supervisor, manager to run their cafe. Please give them sometime since the company is still new. Those who wanna work there can contact them or walk-in interview ^^

Had u guys visited the outlet in JB skudai?? ITs 3 storey high and it's very very nice with free wifi and computer there for you to online, got fresh cakes also~~

Second floor they use to held special buffet function which you can rent.

third floor is a big living room which have sofa to sit and some place where children can play, u can book the place to do special function like company dinner and birthday party, it's all fully equipped, trust me! There is a small VIP room where u can held romantic dinner for 2, inside got a big big LCD which u can watch 3D movie, how cool is tat?! Beside the VIP room there's a meeting room which you can rent for meeting purpose.

Wow, first post just to praise IRC.

If you want to make IRC bankrupt, ask those member to sell all their coupon to the public at discount price.

one can argue endlessly about the scheme. I was (un)fortunately invited for one of their "presentations" and they went on the normal, silky-smooth presentation about how they are different from other "schemes", they are running a proper business, they are blah blah...but obviously when pressed further they cannot answer a few questions. Some points any one of you should check out

Taking it at face value, you are buying in as "shareholders" where they have unlimited ability to issue shares and upon each sale of the "shares", someone up in the chain earns from it, all the way to the very top. From my understanding, they are looking to raise RM$10million initially for their 60-100 store expansion in Malaysia. Supposedly, each store would cost about RM$200-300k to open. From the other postings on this topic, you receive 5% per MONTH, making it about 60% per annum returns.

1. Their referral scheme- from what i gather and did some back-of-the-envelope calculations, they are paying out about 50% to their "uplines", etc in referral fees. And if i'm not mistaken, if all the shares are sold, the guy at the very top would rake home about RM$1,000,000. Proper business eh?

2. So, let's assume that is right, after paying out the referral fees, you are left with half or less than that to run the stores, you can't even open half the number of stores now, how on earth are you going to sustain the 60% p.a. returns to the "shareholders"??? Obviously something is amiss

3. Shareholding, the legal issues aside on the fact taht raising money from more than 50 people amounts to a public offering and they need a few years of viable business and they have to register with the Bursa, there is absolutely no way to tell how many shares they've sold and how you can restrict the future sale of shares.

Check it out, they have a non-viable business plan, an overly high return, non-restrictive, fully dilutive share issuance. They are in the business of selling their SHARES, NOT the sale of FOOD> this is a PONZI, through and through.

This is a little short on details on the referral scheme as I listened to this a good 6 months ago. I feel compelled to come forward as there are SO many of these schemes floating about Malaysia. Come on people! There are NO such thing as easy money!!! Enough is enough...can everyone wake up to your senses and not let these conmen have their day?

this is similar with the previous hokka coffee in old klang road,klcc oso.
thats true..thanks for analyst.

its depending on business performances, yet can give fixed return 5% monthly? WHAT IF the business not so good, then they used capital to pay the 5% to all investor?

dammmm the newly open island red cafe at tmn danau kota is so FULL...

full....cos mostly are investor gather there find more people to invest their invest plan..

actually is quite budgeting compare with other organization plan
they give rm 300 for investor f & b..
so investor use the rm300 to treat people there have a drink and explain their plan.

There are 3 branches in Malacca.

are there start operate.
they plan open outlet in whole malaysia.

they seems to aware that if their business not good then they will not be able to pay the 5% for the shareholder, recently they had cancel this package to prevent suck senario to happen.

heard another branch will open soon sumwhere in sunway mentari area...if not mistaken it is facing the flat side...

from my personal preference...the food is there is nice n more reasonable compared to other similar cafe..the portion is just nice...and mind me, im not a member...ya i agree it's too full tat makes the service a bit bad...but i guess they're improving from wat i see...went to pandan indah's branch a few times...give them a chance...since they're still quite new...if u dun join the scheme then dun join la...i oso dun join...eat n pay cash lor...y wan to complain so much bout their scheme...just having my personal thought on this...dun bomb me...=)

we're not complaining , we're discussing. during the course of discussion, criticisms is expected. If the scheme is not dubious, nobody will give a damn.

I'm asking you back nearly same thing....

"...if u dun join the scheme then dun join la...i oso dun join... eat and pay cash only, why wanna praise so much about their food ".

like i said, my personal preference only, the food there suit my taste...but if u've tried n doesnt suit ur taste...just say so n maybe a simple explaination of y...y not good to eat?..too salty?..no taste at all?...not just plain critic which bring wrong info to others who've never been there...n at least if their boss happen to come in n read, hopefully they'll improve from there lor...sori if i use the wrong word "complaint"...shud be critic/feedback...=)

anyway, for me, i've tried their prawn mee, rojak, chicken boxing, n sum other snacks which i cant remember the name...oh ya..another one is lobak..this one i think the colour is a bit weird...too reddish?..drinks...the coffee are nice...the ice blended juice...sum r nice sum r so so...the so so one meaning not "kao" enuf...but i cant remember which...i think it's lychee...so anyone near sunway is a member there?...maybe can meet u guys up n belanja me makan using ur coupon since i stay in pj only...haha...n no...im not interested to join the member n dun pm me to ask me join...just love to eat...

Well, if you follow the discussion here, its NOT ABOUT their food that is in doubt. Even though the quality of food of a typical restaurant determines is its success, it doesnt justify their scheme (legality of it,risk of it becoming a scam) of acquiring funds to run them.

Your logic is very flawed if you say their food is very nice, hence everybody should join their scheme as its a sure-win investments.

You are defending the restaurant as a customer/food-lover, which is totally out-of-context here. Your comments might be useful in lifestyle/food forum, but NOT in Finance and investment

This post has been edited by alanyuppie: Feb 20 2009, 04:16 PM

Yup, this is more about the legality of the investment scheme.

Whether the food is tasty or the restaurant having good business or not is not the important point, after all, this thread is not about food and beverage discussion. It is all about finance and investment.

Restaurant can be legitimate but investment scheme can be scam as some forumers had posted before, the invested money is bank into third party account not under the restaurant name/company name.

oh ok...maybe im in the wrong topic...but i do see some commenting on the food..very straightforward say the food there not nice...so just consider me replying to those...hehe...btw..off topic a bit again...nice transformers u have there..sumore using lego...

well, they can be straightforward if they've experienced eating there (same like you) . The reason why they said food is not nice to them, but nice to you might be:

- you ate at the restaurant with good chef while they're not
- the quality of their food might have improved since then
- different people different tastebuds.

about 2 weeks ago I parked my car opposite the newly opened Island Red cafe in shamelin around 9pm++ , but no intention go inside... AND THEY WERE CLOSING down for the nite. some people (they seemed like anxious "scheme-joiners" chatting with each other happily).

As usual, I walked towards the cafe I like to hangout (pat kin pat san), still bustling with diners. I think ... how can Island Red seriously wish to compete if they close down so early.

what about for those who wants to buy the franchise ? and have their own outlet?