I will be laughing a lot in this thread when these people who promote IRC lose their money.

Oh, I am very evil.

For haters, ignore me. I just said for those WHO INTERESTED ONLY. Sorry hater. I don't know why u being so emotional about this stuff. If u're not interested, just leave.

Mind you, this forum thread is not for promoting, it is about discussion and sharing information only. People sharing their bad experience is perfectly OK, so does your good experience in it.

This is an open forum, and doesn't belonged to anyone nor specific for promoting IRC, it is not right to tell people to leave if they are having bad experience and posting their comment.

Cheers.

IRC in Pan Palace Plaza has opened 08 June 2009 (Monday). I haven't try the food quality yet but it seems like many ppls there.

cosway, to put it simple, the big company is very smart, d initial plan was to employ u and to pay u 10% of the sales volume everymonth, but how to get u sit down at the outlet n work very diligently ??

simple... to tell u tht the shop is yours... so u must open everyday
they put their stock there... to make sure u dont steal.... they tell u the shop is yours but u have to put deposit first...


no leave watsoever... cos the shop is yours...

darling .... it is actually they employ u to sit at their branch n pays u 10% sales revenue...

10% = in house salesman ... no biz no pay...i wonder y ppl dont notice tht

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Added on June 13, 2009, 12:57 pmi come in lowyat once a while to get a health check on current issues... well wat i noticed in this thread is all BAD BAD IRC... Ponzi ...madoff....bla bla bla( as usual) n i dont mind...

jus some comment... Mr Loh is the new owner of Pan Palace franchise... he is a very nice family man .... background...he is a GM of a japanese component company... 50+ , mayb u can say he got cheated by those bastards convincing him into opening one... mayb not... he got his own discretion... but jus wanna tell u guys, he is a good man... for the public, do give him some support at his outlet...say u r mr LOH's fren... i bet the service will b better....

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Added on June 13, 2009, 1:12 pmIsland Red Cafe spring is coming[SIZE=7] (chun tian lai le)

the moment of truth... for the past one yr, ppl has been saying tht island red is a ponzi n will collapse... but this words will slowly b muted... jus give them another 3months to proof to public tht they r not like the usual ponzi... (well as u can c,ponzi will never stop taking money from public) at least IRC got their limit, n integrity( only 200 lots means 200)

for the licensing issues... company takes it more seriously then anyone else... discreetly... those boards alw communicate n report to SSM,SC,KPDN,Bank Negara more often then u c ur own relative(uncles n aunties) .... n for those who think they minum kopi, u r wrong...makan n minum kopi n island red mayb le

for the food quality issues.... sigh...sad to say.... some of the items(not all) i can put it down my throat!!
but give them 3months.... biggest central kitchen will b set up.... a fleet of F&B specialist will b employed... i've seen their resumes... food audit officers will b on the road...

for the mgmt, didnt u all heard.... their founder MR Teoh has given his powers n authority to new gen mgmt, Mr Tedy Teoh will remain as company founder ( means playing Agong role) n new board n mgmt appointed(parliament) their prime minister(mr Ong-i've check his background, you'll b astounded)

so public... 3months

This post has been edited by BIGJO: Jun 13 2009, 01:13 PM

So far hearing few negative comments, except the BIGJO comment is nearly positive. Each person has their own reason to begin a business therefore we wish to see more positive if you do have to share.

I saw IRC here is the only shop having many ppls every night so far even the IRC got many negative comments from others.

Haha n_n

Hi there JO.
If you don't mind me asking, are you somehow related to IRC or someone inside?
Because it seems like you created this acc just to reply to this thread.
Seemingly your 1st reply too.

And btw, it also seems like you have alot of inside info.
Eg; viewing of profiles of top managements and resumes of upcoming F&B specialist and stuffs.


Which IRC is that?

ops, the IRC I mean is for Pan Palace Plaza here. Forgotten that IRC got many branches

im a businessman, financial investments portfolio, marketing research consultant,
i dont know wat is scam or not scam...... we only measure the risk factor....n speak nothing but logic...

in my yrs of biz encounter as well as network marketing firms, some success stories n many failures, well in fact, often being heard is stories of the failures... to to pin point a scam... i do research on the profitability of a biz, n u all r right, many paying extraordinarily high returns....

but wat i know is, REAL biz can fail n be called a scam n FAKE(as dubious as it may seem) biz does eventually turn out to be REAL n LEGIT wen time comes....(not many,but some)

n i do understand that ,many networkers or ppl who join such scheme r normal people like u n me,( 100% populations-not all smart n lucky people) therefore , those who failed never blame themselves but the person who intro them/company/the mlm society, to keep it simple..."IT IS A SCAM!!!"

i do fell in love with the concept of mlm(who doesnt,with the $$$ behind) but at some point, will i fall out?? mayb ... but when we're here watching many people being to gullible/greedy/ignorant fell into the "mlm trap" ,it is really disheartening...
i call it "mlm rat race"... ppl subconsciously refuse to understand..... jus being gullible,innocent... again ur subconscious tots r" Show Me The Money" n being blinded by facts,logic n real mathematical figures. wen u failed, u blame others but not yourself...

so quit it, mlm rat race... dont b hurt... n stop criticizing, success doesnt come from it, but to focus on goodness alw give u miracle.... i do love constructive criticism though... mind sharing ur tots n ideas with me...

im interested in retail biz, shares & futures, commodities, mlm, plantations, n risk!

went to the BMC branch in selangor.

food : 6/10
service :5/10
cleanliness : 7/10
food from kitchen to table : 7/10
value for money : 6/10

still hv room for improvement.

This kind of rating is good one.

Thanks for sharing to us especially in this discussion thread here. This is constructive one instead of keep saying negative comments. I understand the rating is not that good above but at least got some brief rating for the BMC Branch.

No need to write so many BS.
Just show me the cashflow and financial statement of IRC that made you invest in it.

Invest is one thing, but making the wrong use of the word "invest" is not right.
By investing in IRC, does one "own" something from IRC?

hello there,
i do admire ur courteousness and being direct, to keep it short, i wont eleborate much(like u wish)
100% invested - 15% paid as commission
-5% roi

kopitiam biz- one cup/plate-200%profit (rm3/cost is about rm1.00-1.50)
kopitiam biz, rm100,000 invested- if monthly making rm5000-can close shop already...

if they r paying me 5%roi .... n profiting from f&b industry... plus like u say some ponzi element... sounds like an interesting bet... kopitiam alone can make profit(if well planned) but + ponzi ... i tink i love the risk... if i loss, im happy cos im trilled by how they play "the game"
if win(capital recovered) ...the merrier !!



i love n admire the person who quote this...

"Crossing a road have a risk.
Low risk or high risk depends on how you cross the road.
If you don't cross it, where is the risk?

All investments that investor invest in will have risk.
In one investment vehicle, most investor make it high risk, while some are able to make it low risk.

The rich are generous and we believe in the law of reciprocity.

Once the business is on track and have a steady stream of income.
Sharing the business would make the franchisee richer as well as the franchiser. "


jasonhanjk i do like u a lot too, i tink u r a very smart person....

Gambling dens and brothels might have such comments too: friendly staff, prompt service, good variation of "choices". Does that means its ethically correct to run such business?

We see toto and magnum (licensed somemore!) with neat and clean premise, PACKED in peak hours, everyday, and patient counter cashiers attending to the "rowdy crowd". Based on your logic, I guess a good point and constructive for the gambling industry, rather than saying gambling sinful and morally wrong, and financially unshrewd.

Don't use a such comments you've read (and 'feels good' about) to blind and divert yourself to the huge scam engined running behind the scene. If you're a girl, you would've been a drug mule for "trusting" someone with good looks (and focusing and everything nice in appearance about him), and ignore his bad intention that caused you be sentenced to death

Thanks for sharing to us how you feel in this subforum. I've sure you'll feel heavenly in lifestyle forum where restaurant are judged like how the way you like it (and nobody is questioning its legality).

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Added on June 16, 2009, 9:37 amYou just become a hyporcrite. You refuse NOT to elaborating the stuff we need to see, and then after "doing us a favor" for keeping things short. You spew the GENERIC movitational qoutes below to make it feel like yo "know what you are doing":


... bla bla bla..... just give us the REAL ELABORATION RELATED TO IRC. Don't DIVERT.




This post has been edited by alanyuppie: Jun 16 2009, 09:37 AM

Just want to share here since im one of the investor who invest when they 1st launch in Penang. For the first few month, everything was fine and the problems start when they're start to open few more branches in northern region here.

The food quality is drop and i have difficulty to withdraw my monthly return from them.
It happen last month when i check my withdrawal status, there are still "Pending Approval". I make the withdrawal since February 09 and until May still haven't approve yet. So i call them and ask what is the problems, they told me few excuses and i think is BS. End up i need personally call a guy (should be the owner's son) to settle for me. WTF is that.. why so difficult to withdraw my money back. And it happen again now...i withdraw since April 09 and the status still "Pending Approval".. now i have no confident toward them at all and i hope they will last for at least 2 years. GOD bless me. I'm make a wrong decision when i invested in IRC. So people out there, just be alert and this is what just happen to me. Cheers..

Thanks for sharing your valuable experience here.

Next time, go more for FD/other investment vehicles instead of IRC lo. n_n

This post has been edited by transit: Jun 16 2009, 10:37 AM

Thanks for sharing your experience with us. Just wanna share with everyone here.
I've recently receive an email about possible scam business in Malaysia in the list below.
Please use your own judgement - in the end, it's up to us whether we want to believe it or not.... I just want to share

1) Cafe scams - IRC & STG
2) Sunshine Empire
3) MobiWallet
4) Water Biz - Oxygenated an AlkalineWater Products
5) Car Fuel Booster - KLink
6) Perfurmery Products Lamp Berger and Bel Air
7) Energy Products
8) Hi Tech Products - Bio Young, XKL
9) Investment Schemes - SWISSCash
10) GoldQuest - QuestVacation, Questnet, etc
11) Nemerogy & Fortune Telling - VIsiber
12) MJ-Life
13) Seaweed Venture Scams
14) MXM (previously MGM)
15) Gano Excel
16) NuLife (HK)
17) Arowana FishBreeding

This post has been edited by shsc: Jun 16 2009, 10:53 AM

The way you reply, you don't understand cashflow and financial statement.
Claiming to be a businessman, financial investments portfolio, marketing research consultant, bla bla bla...

You really shame many good people in those arena.

you don't understand cashflow and financial statement.???

jus put it this way... sometimes we look at things d other way round...

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Added on June 16, 2009, 3:21 pmGENERIC movitational qoutes is from the person i look up to in this forum --- jasonhanjk

This post has been edited by BIGJO: Jun 16 2009, 03:57 PM