Is there any proof that you are getting your return?

sorry went out just now.
of course i can show to you for all my withdrawal up to date.
otherwise i wont be here to make this offer

anyway, i dont care whatever scheme/plan/share or whatever it called,
as long as so far i can get beck my money, that's all

All ponzi scheme will not have problems repaying their member at the beginning stage.
I doubt you would see any problem base on past history.

If the returns are so good + your confidence in them are sky high, why do you want to sell off your shares?

ha ha i am just say the truth and i have no comment for what u guy question on MLM, i am not the company director, not able to answer whether these company can long sustain.

So far from what i know, this company started since 2007 and this thread raised on early 2008 and untill today 16 april, did anything fall out happen?
and now this IRC co-operate with HSBC bank, do anyone think that a chapalat business that easy to co-operate with HSBC bank?

if got people offer, then i mah sell off lah, i bought that also because of i treat it as my investment.
If got money in hand, then i'll take the immediate money go and invest somewhere.
If no offer,then i can just keep myself, it's not a big issue to me.

Caveat emptor.

to pass on the benefit to others who missed the fantastic opportunity?

i relly wonder why they not offer anymore the member? cannot afford to pay the komisyen?

either way i am making profit for my investment,y not?
for this moment and for me,it's just a matter of time whether i am making the profit now or in a long run basis.

of course lah, we buy at 6k and the return is

1st year RM 300 x 12months + food voucher RM 100 x 12months = 4800
2nd year RM 300 x 12months + food voucher RM 100 x 12months = 4800
3rd year RM 100 x 12months + food voucher RM 100 x 12months = 2400
4rd year RM 100 x 12months + food voucher RM 100 x 12months = 2400
5rd year RM 100 x 12months + food voucher RM 100 x 12months = 2400
=16800


At beginning, they need cash to roll, so offer and get the immediate cash to invest in their branches.
now they have the cash flow, do they still need to offer like that?

Take 6k, and return 16.8k in 5 years time,
any reasonable director will have to stop this plan if they want to go long run when cash flow enough to roll.

or else the better one would be one off push the plan untill climax and close down the company and run away with all the money
in stead of continue running it to repay the money to plan holder.

By so far as our concern, IRC choose to stop the 6k plan at end of February 2009 and offering a much affordable RM 360 food voucher plan
and this plan RM 360 is in the market now.

You shouldn't sell your "stake/membership/scheme" at all because there are no investment target out there can guarantee you that kind of return rate (with 6K capital get 16.8K return).

It makes no sense one to look for buyer to sell the "stake".
The reason of taking the money to look elsewhere investment target doesn't make a lot of sense because even stock market can't generate those kind of return 300% over 5 years in normal time.

So you should stop looking after buyer of your scheme (main because the return simply too good, can't get elsewhere) also this is not a place to sell your scheme/membership or whatever, this is against the forum r&r.

Until now, nobody knows those plan is legitimate or not.

IRC retails shop out there never mention or publish got such an scheme or the scheme is approved by any authority to be carried out to look for public money.

This post has been edited by cherroy: Apr 17 2009, 01:02 PM

if u are earning already then y wanna sell off???

since u had already taken back ur rm4800 then are u selling ur share at rm1.2k?
smelling sumthing fishy here

---

Added on April 17, 2009, 8:42 pmlast time my uncle tried to convince me to join such things....
kinda feel lucky i din join since many bad comments regarding this cafe

This post has been edited by ChinHong86: Apr 17 2009, 08:42 PM

how to mean by legitimate?
means they are illegal?
then, should i report police and get warrant to caught them and claim my money beck?
or they are legal by doing so?

They are looking for public money now, u can go any of their branches and check out, so what?
any police there or authority saying that they cannot do so?

and this is not new, they started since 2007 untill now, any one of them kenal tangkap?
So, how u say?

If they are wrong, y nothing happen?

---

Added on April 18, 2009, 4:19 amyour question are repeating, since u din check out other comment, i lazy to answer your question.
did i wrote i want to sell at 1.2k?????
i never mention the price please, dun simply say bro.

congratulate for your luck

This post has been edited by TT_ren: Apr 18 2009, 04:23 AM

In Malaysia... Alot of things are wrong but nothing happen.

Mat rempit for instance. Wrong... still plenty on the street.

They only tangkap opposition party politician.

The rest is wokay.

Fyi, any investment that taking in public money need SC approval before it is deem legal, aka no company can run an investment scheme without SC approval.

Oppss, I forgot this is not called investment, right?

Anyway I am not in a position to comment anything this scheme, as said before I don't know whether this scheme is legitimate or not. I never said it is legal nor it is illegal.

Without SC approval, i am curious how this company can run untill now without interuption from any authority?

JUst an example, Let's say if anyone especially chinese open a shop without application to DBKL,MPPJ license,do you think that it can be done??

What is the meaning of investment then as from your view?
Example, Amway is a MLM as well, so it's a business, not an investment?
I not sure your definition, but to me Investment meaning very wide bro

Yup, u din said it's legal or illegal, u just suspect whether it's legitimate or not, so conclusion is
no conclusion.
and IRC still can run now without any doubt, their customer will still go eat, those join IRC continue to sell whatever it called scheme or whatsoever,
their company still making money, no relevant authority go and stop them, they run from 2007 untill now 2009 April 18, none of the bad news go and appear in any newspaper.

Maybe untill one day later IRC got problem, u can come and proof IRC wrong. But most likely i had get beck all my money.

Investment definition is not from my view or not. You put money in UT or ponzi scheme, that's an investment. You put money to open up an business or shop, it is not considered an investment based on general term.

Running a business is not an investment scheme. Opening a coffee shop is not an investment scheme.
Running a MLM business is not an investment scheme (you still need to get KHPDN license to do it).

Opening a coffee shop like IRC is perfectly legitimate, nobody question on this issue.

But running an investment scheme for public is different issue than opening a coffee shop already.

SC approval is needed when a company is taking in public money for investment purpose which yield you the return based on investment like UT, insurance etc.

Again, we had no proof to say the "investment scheme or membership programme" is legitimate, so we can't say it is legitimate or not. As it might fall into grey area. We can't make conclusive comment without both side of fact and information, which is a fair statement.

I had no intention to prove anyone wrong, or wish to see any scheme that is wrong or goes under. But this is a open discussion on the issue which yield the best interest to all, and informative in general.
Whether one wants to put in money into where, it is individual matter, we had no right to comment on it.

This post has been edited by cherroy: Apr 18 2009, 02:50 PM

Whatever, i just want to see my money beck and making profit.
go in so detail got what use, no extra profit generate also. lose is lose, profit is profit, that's all.

my fren jus ask me whetever wan join the IRC or not as member. since explaination from my fren feel it might can earn $$$ if hardworking find ppl join

Hi tt_ren,

I am just wondering as some of forumers here might, what is the value of your 'investment' now, and after 1 year.

From what I read,
Your initial investment was 6,000
You already go tback 3,600 + 1,200 (food voucher)
>> Total return you got back = 4,800/6,000 = 80% /year (This is a damn good return).
>> But, on the other hand, this is also a very high risk (because you never know when the scheme fails). It might fail at 2nd year or 3rd year ... So, if you sell your share and hope to make a profit from it, then you are making the buyer bear the high risk, while you are making a handsome profit from it. Sounds good for you, but not the buyer.
Unless you are willing to forego a part of your return for the buyer because you have already got rid of the high risk.

No buyer will want to bear the high risk of buying over unless there is a better return because of a higher risk for the remainder of the scheme (48mths worth = 300x48= 14,400 if all goes well). Forget about the food voucher, it can be thought of as something to be given away, because if you cannot consume it, neither can the buyer buy your good voucher and try to consume it on your behalf. Effectively, the return is only 300/mthx48mth.

You cannot hope to sell it at 14,400 because it is a risk someone will have to take to buy over from you.
The 1st year risk is the lowest, each year thereafter, the risk goes up.
Chances of loosing 6,000 on the 1st year is almost zero.
Rightly, the value of the scheme now has a value of only 4/5 of 6,000 because you already utilised 1/5 of 6,000
But because the risk on the remaining 4 years is higher, the seller will have to forego a little (got back 1/5 of total return).

This will work out to 4/5 x 6000 = 4,800 and a 5%discount for having to take a higher risk for the remaining 4 years. So, a reasonable value for a buyer would be between 4,560 (=4,800-240). The food voucher cannot be forced sold to interest buyer, because there will be new food voucher of 100 every month. In fact, buyer may not want the RM100 food voucher, because it may not be easy to consume that much of food, because it may not be convenient (just like what you experience).

So, if you are willing to sell it, maybe a reasonable price tag might be 4,500 subject to willing buyer willing seller.
Your profit will be based on this:
Your investment is 6,000
Your return is 4,800 (includes Food Voucher)
Your return from selling the scheme 4,500
Total return you get is 4,800
Your cost is reduced to 6,000 - 4,500 = 1,500
ROI = 4,800/1,500 = 3.2x (320%) (this is still a very good return by any standard)

If you bear it through, your ROI = 400*60/6000 = 4x (400%) .
You will not get a 400% return if you sell it off now for reasons mentioned above.
This will give you an idea of how much you can expect to gain by selling your so called 'share' of the 'investment' now.

So, you still want to see off your 'golden egg' ???
Note: This is not an offer to buy, but just for discussion on how to value an offer.

This post has been edited by cakap2: Apr 20 2009, 07:42 PM

i joined since Jan 2008, considered 1st batch. Till now my Return of investment are all paid, juz mb sometimes 1-2days late from the dateline.

Now this company is running some 'ding-dong' plan, wonder why the boss doing this kind of thing, spoiled the reputation only.

i joined the plan quite some time ago i upgraded from 1 star to 15 stars because i am required to.

well i earned my investment back in 5 months because normall i take customers out for lunches and i introduce them to come island red. some of them joined since they find the place nice

but the best part is that if i belanja customer i can claim company. so i very very fast get back my investment