Jan 23 2008, 09:02 AM
QUOTE(rstusa @ Jan 19 2008, 11:25 AM)
Yesterday i just heard my friend said pandan indah got a cafe called island red cafe, like oldtown style restaurant, now got 4 branches in malaysia, they're melaka, penang, puchong & pandan indah. It is doing mlm way like recruiting more member to join then got commission. He said only need to invest RM6000 then enjoy every month 5% fixed guarantee return without recruiting any members.
Any guys here heard of this?
Yes... Heard of this. And the owner as well as the person who start of this plan is my friend. But then, now just had 1 outlet. Puching opening soon. Melaka and JB still looking for places. Their target is 100 outlets this year. Sound ridiculous.Any guys here heard of this?
QUOTE(zombie @ Jan 19 2008, 11:58 AM)
What is the product or service offered?
Sounds like a pyramid scheme.
They are kind of cafe which like oldtown offering food and beverages.Sounds like a pyramid scheme.
QUOTE(reflection_C @ Jan 19 2008, 02:43 PM)
I thought I did replied on this post earlier.
Well, it seems like a partnership to me where all the people become shareholders by investing RM 6k. When another sum of money accumulated, another new outlet establishing.. yes?
True. Rm6k considered 1 unit. When they successfully accumulate 50unit, then 1 new outlet will be open.Well, it seems like a partnership to me where all the people become shareholders by investing RM 6k. When another sum of money accumulated, another new outlet establishing.. yes?
QUOTE(rstusa @ Jan 19 2008, 02:47 PM)
Yes, but it can't mention as shareholders, unless my name got listed inside the company license.
As what my friend told me. The name got listed inside. But i wonder.QUOTE(jong52yuara @ Jan 19 2008, 02:59 PM)
i think they mean you invest 6k, and every month they return you 5% of the 6k(RM300). but.. for how long? that means, probably after they return your capital, probably gonna have trouble paying out anymore or will depend on business situation. i wont call this as "investment.."
5% is just pay for 1st 2 years, thereafter till the 5th years, is just 2.5% monthly. Their contract of paying is for 5 years. After 5 years, is sharing profit with the company as 51%/49%. In RM but will be credited to your so called e-wallet which u can use to ex-change as Food voucer or withdraw it out. On top of that, monthly will give you Rm100 Food voucer to eat at this cafe.QUOTE(temptation1314 @ Jan 19 2008, 11:40 PM)
OK, this type of company cannot be trusted. Why? I'll explain. Maybe it's not logic and it's possible but please hear me out first.
Getting fixed 5% back per month = 60% return on capital per year. So, by Q4 of 2nd year, your total capital is back.
The question is :
Will you ever get back your capital? Can the cafe itself survive the long run in a first place??
2nd thing, I think the manager of this cafe is a bit rush. I think he want his "cafe" to be listed in Bursa Saham or what. Getting member like MLM method. As after you had invest, you're like part of the "shareholder"
Possible things to happen was :
- Getting good respond. Owner become greedy and run away with all the money. 6K per person. Imagine there's 1k person investing. that's make a total of 6 million in his hand. Don't even mention the whole Malaysia. He can run to other countries... Believe it.
Lastly, There's no such free lunch in this world. Not even "cafes"
True, the owner wanted to get listed in share market and expand to oversea market as what been told.Getting fixed 5% back per month = 60% return on capital per year. So, by Q4 of 2nd year, your total capital is back.
The question is :
Will you ever get back your capital? Can the cafe itself survive the long run in a first place??
2nd thing, I think the manager of this cafe is a bit rush. I think he want his "cafe" to be listed in Bursa Saham or what. Getting member like MLM method. As after you had invest, you're like part of the "shareholder"
Possible things to happen was :
- Getting good respond. Owner become greedy and run away with all the money. 6K per person. Imagine there's 1k person investing. that's make a total of 6 million in his hand. Don't even mention the whole Malaysia. He can run to other countries... Believe it.
Lastly, There's no such free lunch in this world. Not even "cafes"
QUOTE(Jordy @ Jan 19 2008, 11:44 PM)
"Guaranteed" returns on your investment aye?
Alright, lets do the maths here:
100% / 5% = 20 months
So basically, you have 20 months to breakeven, and whatever after is profit.
This sounds good, IF it works always.
As you said, this will depend on the profit they are able to generate from that RM6000.
If their business goes downhill, then there will be no return.
Should consider carefully before committing to anything
True. No free lunch in this world. Rm6000 is not a small amount.Alright, lets do the maths here:
100% / 5% = 20 months
So basically, you have 20 months to breakeven, and whatever after is profit.
This sounds good, IF it works always.
As you said, this will depend on the profit they are able to generate from that RM6000.
If their business goes downhill, then there will be no return.
Should consider carefully before committing to anything
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