That is what I am saying, its a capital raising exercise. Which means they should either get SC's or BNM's permission to execute it. Do they have such certification to say that they are legally allowed to collect money from the public?
By the way, how sure are you that they have sales of RM1.2million a month? Are you sure that the new concept would bring in RM15k sales DAILY?
If you can convince us with these, I would be interested as well

3rdly, are you all still new to the 'WORLD OF BUSINESS'? do you think every BIG company you see today are running according to MALAYSIA's LAW? even BANKs are running on the GREY line. some of their trust fund are registered using that GREY line, dont tell me you dont know anything about it mr.jordy (unit trust consultant)? 

....

it's time for me to ciao already, dont want to waste my time on people who cant understand the simple LAW OF LIFE IN MALAYSIA. there are things that we cant do at other countries, but in Malaysia? if you have that certain 'ability', you can do a lot of 'things'.

This thread discussion is all about STG prepaid and get paid scheme issue. Whether it is legitimate, or grey area investment or MLM or a scam, or sustainable issue of the scheme is the main discussion point.

1. If it is an public investment scheme (repeated mentioned), then it must have Securities Commission approval. STG is not having Securities Commission approval based on the feedback on previous post, as claimed by Siliconwiper, because it is not a public investment scheme so approval is not needed. Siliconwiper claimed it is a prepaid scheme. But public prepaid scheme still need BNM/BAFIA approval. Then come out MLM issue while MLM still need KPDN licence to run. That's the basic for any public want to know.

2. In this scheme, even one 'invests' into it, one is not the shareholders of STG, right? "Investors" will be enjoying the return rate given by STG, but not participating in STG as a shareholder, right?

I don't know. You tell me. So is this thing here supposed to be a MLM? it is a YES and it is a NO too.

You pay RM3000 plus and every month you will be paid back at "interest" of Rm150 cash and a food voucher for RM50 for at least 2 years. Which means after 2 years, you get back cash RM3,600 and makan worth RM1,200.
3rd year onwards, slightly less but you still get something. There is also a MLM scheme where you earn at least 10% for recruiting someone and the way down on your network of new recruits.

Note(there is a catch): There are conditions that Management have the right to change these conditions. Which means they can stop paying you anytime by without reason or just show some accounts that they cannot afford to pay anymore. They need not close and members cannot do anything.

This type of so-called investment scheme will not last. The trick is to get people to recruit people by taking money from the newcomers and pay-out to the pionees or people who joined earlier. A day will come when less newcomers join, the Company will just run away or change the conditions to stop paying out. There is no-way or impossible for the scheme to carry on because the Company will lose money if they don't stop.

In the past, there are Swisscash, Sunshine-Empire, IPC and many others, more recent ones that already stopped paying "investors" are the Seaweed Investment scheme in Maluri and Mobil-Wallet in Queenspark, Cheras. Mobil Wallet was highly successful last year. Multi-millions have been collected and a lot of news written about them for having tied up with Telekom, Banks, Tenaga etc. Billboards seen everywhere. Some people claimed to have invested in hundreds of thousands RMs. Cry also no tears now.