can say much at the moment as i need Cappucino to send me the agreement for my advisor to review and the plan i need to study abit,,,,will replied asap......

As i would only say GOOD LUCK for those invested in IRC.

Cappucino, as you said you invested in.. who is your sponsor?? and do you know Calvin Lim and David Lim???

Felice821,
This is the same question i ask cappucino too this evening went we meet up....Do you know them?

Yes... Personally i know them for more than 5 years alr.... Calvin is not just a ex-MLM partners of mine... he is my friend as well.

You know them??

personally no...just heard bout their name when i go check out the IRC thingy....are u with their latest project?

my sponsor person is philip...
i don't know them...might to introduce their background a bit here?

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Added on May 6, 2008, 11:23 amhv sent the agreement to u, check it out...

This post has been edited by cappuccino: May 6 2008, 11:23 AM

Thanks bro..alredi got it...will go thru it with my team advisors and hopefully will get somethin out of it....

They are creator/owner for this IRC.

oh like that....those are big brother lah....oh so sorry i'm small small brother only,..

1. u can transfer to someone that interested to buy over ur share. but the lawyer fees hv to be bear by u & ur buyers

2. yup, we do carries the voting rights. anything u not satisfy u may complain to company management so that they can improve from it.
we are consider the shareholder of the outlets, but not the specific outlet, instead we are invested in all the IRC outlets in Malaysia.

3. yes, the company is limited liabilities. but we won't liability to anything, company will bear if there is any loses.
for the company filed annual report & the auditor or solicitor, i think hv to ask the boss, =)

If no one interested? Company guarantee to buyback my share?

No lead time? Anyone can buy over my share?

So once we're the shareholder, we're the shareholder of the company?

How long has the company established? I mean the company not how long IRC establish...

nope, u need to find the buyer to buy over ur share.
yes, anyone can buy over ur share anytime.

u may refer to www.2islandredcafe.com for the company background.

Since we're the shareholder, we can kick out the management if they dont perform? That's how we do in listed companies...

We've voting rights

This post has been edited by keith_hjinhoh: May 8 2008, 06:54 PM

This is an extremely "dangerous" statement that carries a lot of legal implications. Be careful. Technically, shareholders are liable as per the paid-up capital. Your statement is tantamount to offerring a guarantee against losses, and may run contrary to what the law permits.

If you have the company registration number, the company's annual audited financial statements and lists of shareholders are available from the Companies Commission of Malaysia.

This is an excellent way to test and check out the directors & shareholders (you can even see where they live!) and see the company's performance to date. You will also be able to tell who are their auditors, company secretary, etc.

Go to Suruhanjaya Syarikat Malaysia (Companies Commission of Malaysia).
http://www.ssm.com.my/

Go to e-info.

Type in Island Red Cafe.

No Co. Ref No Company Name
1 779570-K ISLAND RED CAFE FRANCHISE SDN. BHD.
2 815141-T ISLAND RED CAFE (CENTRAL) SDN. BHD.
3 815143-W ISLAND RED CAFE (NORTHERN) SDN. BHD.
4 815920-X ISLAND RED CAFE (SOUTHERN) SDN. BHD.

No Bus Ref No Business Name City State
1 001713877-D ISLAND RED CAFE KUALA LUMPUR

Whomever wants to get this info, let me know. I will be able to purchase it for you, and sell it to you (at a rate less than that charged by CCM). Unless you intend to buy it, and post it up here for everyone to see, in which case just make a donation for the actual cost and I will put it up here for everyone to see...

This post has been edited by Playbook: May 8 2008, 08:25 PM

This is what i meant. The management can create thousands of dormant company, invite thousand of "plot" holders to subscribe their shares and claim that this is their only company. However, once they get the monehy, it will either transfer back to owner account or main company account. Leaving their dormant company nothing left but a shell.

Unless cappuccino can prove that all that is the subsidiaries company, however, it's unlikely to be so, because they require 50 plot holder to setup a new outlet. Therefore, it's very unlikely parent company will cash out capital to inject into subsidiaries...

I absolutely agree with you.

That's why I think people should investigate the actual financial statements. Cappucino was the one who indirectly gave the idea with the statement regarding auditors... you can't hide it - all info is transparently available from CCM. No point asking the owners whether or not they want to reveal. It's out there.

No more updates?

Well stevens corner has 31years business experience in F&B and they are well known too. I'd subscribe to their program after review few options in the market so call investment plans...In Steven's all i need to do is Eat n Get Paid...handsomely...

currently outstation...
will updates when go bek to kl...

Capuccino,
The agreement seems ok and are in normal mutual understandable relation between you and the company, it just that i goes back to the same question as below:-


my 2nd question are still concern on how on earth they're goin to pay you since the outlet doesn't hv good turn over/mth? not much of customer base before and after few months...