So are you chrissolution ? and can you get their P&L statements ?

PS A handy tip for investing : "you don't make money" is always better than "you lose money". Opportunities will always be available, someone somewhere will always want your money, so for most of us, it's not like we'd die if we didn't invest. So do your due diligence, find out if they're making money, if they're a public listed company you can always get their annual reports. The way STG is trying to fund this is suspicious. Normally if you want to fund an expansion you'd take the company public, get it on the KLSE. There you can be sure everybody's interest is protected. If you can't get on there then you need to rely on private capital. The interests of the small-time investor should always be protected because as a percentage, they're investing more than the big-timers. Big-timers can afford to lose, small-timers can't.

So be mean to them, always ask for anything and everything. If they want you to invest, it's their job to tell you what you need to know. If they walk away, then well and good, you don't lose money. Better that they walk away in the beginning than in the middle. And you can always find other places to invest.

This post has been edited by wodenus: Jun 30 2008, 08:13 PM

Based on the Securities Commission reply, it has already signalled it is not a public investment scheme, as taking public money for investment (applied to all across) needs Securities Commission approval. So with Steven's Corner is not under Securities Commission approval list, public investment issue is out of question.

FYI, a public investment scheme without Securities Commission approval will mean it is illegal by law.

I don't know the money taken from public is meant for what, may be it is like prepaid scheme or some other thing, I don't know, not want to comment on it unless it is fully clear, may be others can give better answer especially Siliconwiper.com whom is familiar with it.


Yup, as a rule of thumb, don't do any investment on your hard-earned money, unless you are fully clear of it. Opportunity loss is better loss of money. So whenever invest in anything, be sure about them. Investment world is so big, there is not just one or two choice only. Above statement applies to all, not meant for the Steven's issue.

The question is, why ?



I think you get pre-paid vouchers, not sure about that. If you get nothing then it's illegal, it would be a deposit-taking scheme. I wonder how easy is it for the vouchers to be faked.



Yup you don't just invest your money, sometimes you invest your time and effort as well. For that you should find out as much as possible about the company.


This post has been edited by wodenus: Jun 30 2008, 09:18 PM

Just found out Jean72 post, based on Jean72 post, if it is true as the statement of Jean72, apparently, legally, Steven's Corner is not a public investment scheme (need Securities Commission approval), nor Steven teas corner is a deposit taking scheme (need BNM approval)

Whether those deposit taking voucher is genuine or not, it is another issue. It is much more important to find out whether those deposit taking scheme is legal or not first.

The main priroty in this thread is to find out the actual fact of Steven's Corner or Steven Tea Garden. (anyway I always confuse about both one, as I also don't know we are discussing on which one everytime, never mind on my side).

Cheers.

This post has been edited by cherroy: Jun 30 2008, 09:32 PM

Any deposit-taking scheme is automatically illegal in this country. This is why paypal can't operate here.

wodenus,
yes and well can do that for you reg. the P&L thingy as i'm just a member and not the owner....

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Added on June 30, 2008, 10:28 pmguys/gals.
i guess this is dragging to long for a simply sharing thread as what if it looks something like coffee bean? well as a sharing..man it goes more than a info than a debate now...anyway i'd told few times here ..why you want to join? dun you all get it...this just for info sharing....got nothin to do with inviting members...and even for that purpose, aren't we prohibited to do so here....so chilled out guys...just read and keep your money..no one gets your hard earn money unless you give it...by any chance in future when coming across any Steven's Tea Garden...just drop in for supporting a local brand....thank you again for viewing.....

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Added on June 30, 2008, 10:32 pm all members will get their vouchers and if it is fake then you can't use it...well if you can use it for Food in Steven's Tea Garden then it is real...if it is real..you get what you'd pay for....and when you get what you'd pay for...it is Win win situation....well you can do the calculations....

This post has been edited by siliconwiper.com: Jun 30 2008, 10:32 PM

siliconwiper.com, if you wish to just post something out for information and refuse to have anybody give their feedback or do any discussions on it, then you are better off just creating a blog on it, and disabling all comments. And even then, this will not stop many other ppl from making links to it and making comments on it from their own blogs either.

at the end of the day, you post out info into a discussion forum, and it gets discussed, and the items of discussions may or may not be to your liking. Its pretty much as simple as that.

dear fyire,
frankly speaking, i'm kinda like whats happening now...as 1st i was just thinking of sharing something nice and it gets off hand and i'm kinda pi$$ off at times but after few 1000 viewer and few hundred punches...i'm getting excited to see it really gets into forumers interest and pls go ahead for i'm 100% open to see response now..thanks for informing and reading....have fun ..ariozzzz

well...for ur infos....why not on the world could there be two seperate registered identity??? Now things get to be interesting when silicon mentioned the distinction between the 'family brand' name and the 'line brand' name...Frankly...After the end of the day...they are 2 different identity... Well...Don't know whether I am correct but based on the case of Kleinwort Benson v Malaysia Mining Corp (1989) ...Take note that....Unless the T&C was stated...Ther family brand will not be liable for its line brand... Well... in other words, the event can be organized by the family brand and not liable by the line brand when loss occured, u can simply draw an analogy with the topic above. So no offence but if i really got to comment on it....despite the results... Then Steven corner is actually using a few protection schemes by its own.

1) Family brand oragnized an event for the interest of line brand thus anything happend goes to the family brand. one might said it is plain stupid to damage the image of family brand...well...the golden rule is...if it is worth to do so... just do it. A damaged family brand can be abolished by the corporation and new brand can be build. Well...Really no offence but the worst possibility if u guys really wanna know... the group will registered under Steven tea corner and the money which collected by the event organized by steven corner will be transfered there....steven corner closed up and no body will get caught or being liable. When it is time for check up...mosty of the time...it is too late.
2)Exclusion clause. like all the other companies policy, i dunno whether this element was being used but predictably...positive.
3)The hidden of real intention- to use the name of promotion such as prepaid to eat for 5 years like u 20 years old eat until u married... but the intention was actually creating a MLM scheme so either to
i)clear off current debts
ii)pay off current suppliers credits
iii)shortage of cash to purchase new technology or system
iv)etc....or
v)worse come to worst- as mentioned by chatwarrior- run off with the amount of money collected.

The comment above was based on the interest of party which oposed to Steven corner

So I tried to think of the positive side of steven's corner again despite the results

They are just doing an investment and avoid the prcedure to be registered to KLSE because they wanna remain in a family business dont wish to further expand their legal structure. So this is the way but unfortunately it is not allowed in malaysia.... so they'd decided to use a promotion namely prepaid to eat is used to:
i)develop further business expansion by using the money collected in the promotion campaign.
ii)get public's attention
iii)promote steven's tea garden which is the new line brand of steven's corner.

with the objective of bringing up steven's publicity so to get loan easier in the future, advantages of putting leverage on suppliers, increase profit margin and bring down it's industrial rivals such as BRj and Genting corner...etc.

_____
but no matter how i gotto explain for steven's corner....something keep bugging my mind...so i hope silicon can explain further question for me or us:

1)we are paying RM3000 for 5 years and steven is paying us RM6k in cash and Rm3k in foods. forget about the RM3k. 20k places of membership will pay steven RM60,000,000(rm60m) they plan to get 100 outlets. well...so the tricky part is here.

100 outlets and few outlets u mentioned -rental fee is about RM30k a month or maybe more. steven gotto pay out bout Rm3m to rental a month
the return which promised to pay off 20k memebrs (put it as RM120 instead of full Rm150 )- RM2.4million per month

so altogether steven actually gotto paid 324 million of ringgit malaysia for 5 years (excluded the fix cost, overheads, taxes, dividens, etc) if wanna add up everything i'd estimated Rm162 million for wages [30 (employees for 3 shifts of 20 hours a day to serve 50 tables there is 10 employees per shift ) X Rm900 (per employee) X 12 (months) X 5 (years) X 100 (outlets)]

fix cost is at elast 36 millions to 50 millions of ringgit malaysia. ( I estimated the lowest fix cost of Rm600 without added up the rental)

Altogether- RM324millions +RM 162 million + RM36 million= Rm522,000,000 despite maintainence fee, taxes, licenses, interest, purchase of new technology, bonus for workers( since my estimation is only Rm900 per worker to work 8 hours with 1 hour rest so incentives must be given e.g- foods and beverages)

RM60million collected from the public that is 11.5% of Rm522 million nia

_______________________________put that aside______________________________

well, silicon metioned a RM45million of revenue a month..wow that's alot. Rm45million gave steven RM540 million a years which is equlibrium of 300 mcdonald franchise steven can own a year if the mcdonald franchise can be negotiate till RM1.8 million. but with these money why not generate into someting more powerful.


Wow...u dam geng. The golden rule is getting nothing is better than losing something.

This post has been edited by liez: Jul 1 2008, 10:40 AM

Perhaps its the given number of 45 million that casts even more suspicion onto this entire thing in the first place? 45 million per month is 540 million per year. Even Bursa Malaysia Berhad (as in the company running KLSE, not the entire KLSE itself) only has got a revenue of 443 million per year.

>.they are 2 different identity

what you mean entity it is?

All these so-called malaysia entrepreneurs like easypharm's boss or steven of steven corner care less
about you, all they want is your money

even steve tea garden gulong tikar, it won't affect steven corner at all

another example is easypharm max.

You can see their ad day in and day out, but guess what this company doesn't
even earn any money yet, but they do is to create hype, to lure investor

they are basically burning investor's money of course this end pretty soon...


the boss himself is awarded with enterpreneur of the year.....

...as you can see they are very few real enterprenuer in msia

This post has been edited by chippy09: Jul 1 2008, 01:35 PM

WOW..how to answer your essay? ok....the differences are state in a agreement between STG and STG Corp and this the Steven's Corner is as i told you which is a family business that i don;t think they will be sharing with you...but anyway...there are black and whites where the brothers of Steven's are the owner and person incharge in the whole project of STG. some more else i guess you'd been predicting at the wrong side of the whole story and get everything is mess now...the project is about STG....and we are not talking about Steven's Corner current business...so you need to understand the structure of the whole management which you can check it in the STG website. and all the WHY? they do this are just your prediction and it might has not just happens too such as running away with your money or whatsoever.

The calculation above is not include their actual business so whatever you'd been calculating are not include daily turnovers...some more the labour salary which is much more lower than rm900.....and then they work more than 8 hours la...then another thing is who tell you that STG will open all 100 in shopping mall?? the 1st few will be in shopping mall but the coming ones will be landed ones.

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Added on July 2, 2008, 2:08 amthe numbers are based on our own self calculation...right.....if only it in such way but if it is not,,,then all the calculation is just for viewing right?

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Added on July 2, 2008, 2:15 ambro,
how to compare with apple and orange? the easy ones actual earning until now still are base on recruiting and not based on actual sales from products..if only you are really super salesman on the product as product can be generated easily when they top up the account. i.e when you sold off all your stock then you top up around rm10k but you'll get rm20k stock so meaning if your monthly sales is rm20,000 then you earn rm10,000 but this is base on selling...but wat they are selling now is just a concept....so how long can a concept sells it really depends on how big the cover is to cover the hole they dug ? Here in STG, all they need is when the rest. opens and are having turnover from public then it consider sales when it can generate so called advertising fees paid to the members...but the member need to help them by just sitting there and eat at least once in 3 mhts time. so it is a win win partnering...

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Added on July 2, 2008, 2:35 amchat,
aren't we knew that the listing is Sunway Pyramid can be check in their website? if your cannot remember well pls do write it down pls!...some more did you go ask the leasing in MV? i guess NOOOO.....pls chk before ask...so you'll most probably ask The times Square then..well go ask the leasing if they can let us rent??? nope they can;t even decide after whole mth and drag this and that...i guess i don;t need to explain how they run their management...so in the end of the day..STg must go on..so here we are Sunway Pyramid will be the 1st one..and all construction work will be finalize by end of JULY..as starting next mth...the rent will start...so i guess your fren is there always go sunway never see anything reg. STG..come on lah....see probably before shoot OH...see for yourself lah


you guys are giving assumptions which based on past experience and so called self smart...or can i say lek lek....the truth is STG are in Sunway P. confirmed and renovating and this truth is been ignore by most...and someone kept on asking me the 3D illustrations are to lure ppl into the game...well SEE with your own eyes and talk pls... in the end of the day...even when we;d open they you guys will ask when is the 100th...halo....ppl had done so much from scratch till now and are ignored truth.....or perhaps can someone remind chatwarrior if you saw the sunway pyramid in goin to open soon as he use to forget things lately....

This post has been edited by siliconwiper.com: Jul 2 2008, 02:40 AM

Errr...
If STG has nothing to do with Steven Corner, then can we please totally ignore the Steven Corner issue. (if both are separate entity, as based on the information posted).
So STG is a new company or what? and has one outlet at Sunway Pyramid? right? Kinda confuse if keep on dragging like that.

If STG has nothing to do with Steven Corner, then whatever STG did or future plan has nothing to do with Steven Corner nor Steven Corner will hold any reponsibility on STG nor getting/sharing the profit.

Can we please discuss in a more accurate way or specific targer? seems like just going round and round without much progress (in term find out accurate STG informatin and legality issues of taking public money <--- main issue)

I had visited the STG website (on my curiousity due to the discussion in this thread), I can't find any statement in the website stating the company got programme/scheme/member or prepaid to eat etc.

Please and please, we sort out the legality issue first, can we? I don't want this discussion always in the round circle ended up at the same point.
Whether STG can make profit, open which branch, who owns it etc is the secondary issue. After we sort out and clear about the legitimate of it, then only we proceed, still not too late.

This post has been edited by cherroy: Jul 2 2008, 10:56 AM

hmm...sorry....didnt expect workers will actually worked for wages lower than RM900 and more than 8 hours....my miscalculation. but then....hmm...the rental fee should be more or less the amount even a landed ones....for say...the one in genting kalng... i guess at elast 15k is needed for that area.

Precisely! Then the discussion would be fruitful and informative to all the forum members and to those whom are interested to look at joining the membership.

prepaid is just the name, you can exchange the prepaid coupon for cash

that is the loophole

i guess sometimes kinda hard for me to talk to you as u can understand simply english.....i'd told you that Times Square had already been delayed for 1 mth...by the management. So you ask STG to wait for that? So Sunway is ON any problem with that? The MLM....pls lah we can talk and if can also i got dunno what its gonna do with my STG thread posting? this is a prepaid membership program...like time sharing hotel members programs if by chance you got any....

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Added on July 2, 2008, 3:45 pmIn black n white yes..but i business goodwill it is a great impact as Steven's brother are person incharge in STG too. so Steven's Corner is a very strong support till now...as we are using our food voucher in Steven's Corner at the moment till Steven's Tea Garden open by end of the month...of course the people incharge has to take full responsibility here.

Do check under business opportunity section (www.stevensteagarden.com)

Great, agree with your demand...ask whatever seems important 1st....so what is your 1st question now?

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Added on July 2, 2008, 3:47 pmbut did you include daily sales generated?

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Added on July 2, 2008, 3:49 pmchippy,
if your a classic members who bought the RM3000 membership...by mthly you should be given rm200 Food Voucher points and you can either use all the food voucher point for food and another options of maximum 75% (rm150) into cash which is given to member as an advertising fee.

This post has been edited by siliconwiper.com: Jul 2 2008, 03:49 PM

Aiyoyooo, please don't 'pusing' again, can we, don't need to blar blar further? Already enough pening, please.

We just asked (already mentioned in the previous post, now ask me back again), come back the the circle.
NVM.

First question:
Is it legitimate and legal by law for STG to sell Rm3000 prepaid voucher? <-- that's the first and ultimate most important fact to clear up.

Under prepaid scheme on public money, it still needs approval from BNM as mentioned by Jean72 post. So without BNM approval, this already KO in the first place, don't need to discuss further. Right?

One thing we have clear now is STG Rm3000, is not an investment. --> one thing solved.

Cherroy,

If it is not an investment, why are we having RM 6,000 cash back on top of the RM 3000 food vouchers within the next five years? I don't know...SC merely reply saying from the website, they couldn't see the element of investment....