Frankly speaking for a company with RM 54 m cash sales a year , most banks are keen to loan them money at 10% a year. Why need to raise capital with 10% return a month.

This post has been edited by SKY 1809: May 19 2008, 09:21 PM

You can eat well, but then again you might not sleep well. Unless, you think 3k is a very small matter.

I prefer to eat less of the oily food, and prefer sleep over food , nowaday.

And again, bringing your clients here may affect your image as a well trusted consultant, what type of investment shall we call it ? can you justify your loss ( could be profit also ) to your clients ?

Since inflation of food is catching up, I as well eat less to cut cost.


Sorry to be harsh, but it is not easy to build a good image like you, treasure it and do not throw it away.

I have high regard for you, though could be a friendly competitor at times.

This post has been edited by SKY 1809: May 20 2008, 08:44 AM

Is it not a joke ?

They are allowed to collect rm 60 millions without getting any approval from Government bodies ?

Worse still people are willing to give them rm3k, no eye see.

The guy is talking about Malaysia Boleh concept.

This post has been edited by SKY 1809: May 20 2008, 03:34 PM

Basically if you have approval from the authority, then it is your duty to put up a copy here ( responsibility of a promoter ).

Although it is none of our business , but we blogger has a social responsibility to warn others.

The title of the thread itself is misleading the public. Money collected is meant for another set up ( Tea Garden ).


We are not here to please anyone.

This post has been edited by SKY 1809: May 20 2008, 05:22 PM

Too good to be true... in today environment ?????

It is Nirvana to some but could be hell later on.

Only time will tell, just like the share markets today.

In today world, rather protecting your wealth than hoping for something not written in the history book before.

I still love the tea tarik served at the traditional mamak way, 24 hours a day there to serve me whether i put in 3k or not ! Do not have to sign any agreement at all !

This post has been edited by SKY 1809: Jun 12 2008, 06:31 PM

If the construction contractors got doubts then they would not want to commence the works.

They are not like those days, rushing to your office the moment you have jobs for them.

They want to see the real money first.

In fact, they are the ones who could offer some knowledge to you about this project.

You have acted perfectly all this while.

Then, today your mode change.

Actually , you are a very good sales person ( my personal view ).

This post has been edited by SKY 1809: Jun 18 2008, 06:12 PM

There is always a grey area of the law, where SC and BNM might not be authorised to act.

So the intention of the company counts , good or bad , the customers have to decide.

However, if people still decide to join after so many advices given, then it is their choice and money.

This post has been edited by SKY 1809: Jun 28 2008, 09:10 PM

If the intention could confuse people ( like the moderator ), then we ( the less informed group ) should be cautious about it.

Frankly speaking, certain information like how the money collected, is treated in their accounting book needed to be disclosed, and whether creative accounting approach is adopted.

But the final decision would still be yours.

This post has been edited by SKY 1809: Jun 30 2008, 12:07 PM

If the operator is unwilling to disclose the info asked, then there is no point to invest in. And it is your money counts, not theirs.

Malaysians like to take the risks, even though warned many, many times before. They look for what supposed to be good , and ignore the likely actual bad results.

This is our culture, hard to change.

This post has been edited by SKY 1809: Jul 3 2008, 01:53 PM

Hi Silicon,

Do not ask me. Your job is to answer your members as above.

I am not the management of this company.

Eat and get paid ( and paying RM 3,000 ) could be an Islamic scheme if you call it. But what is the purpose of behind a purpose, the members have the rights to know.

Suppression of information is a crime, that includes giving out false information on non existence outlets with no lease agreements.


So there is a purpose behind a purpose.


-------------------------------------------------------------------------------------------------------------------------------------
"My friend just rang me to tell me there is NO lease with Time Square, Mid Valley or Genting. Isn't this even to prove that STG or SC is running a scam ? Or maybe SiliCon created this lie ? (Now SiliCon can defend that I did not find out from those places but only HEARD if from a friend. YES, I trust my friend but NOT SiliCon or SC or STG.)"

Quoted from a forumer, and I hope he does not mind.

This post has been edited by SKY 1809: Jul 4 2008, 08:55 AM

So there is a purpose behind the purpose.

STG is set up as a new entity. As far as risk is concerned, is separated from the parent co. This is to protect the parent co if the new venture ( STG) fails. But Brand name of parent is borrowed and closely linked. As far as legal entity and issues, they are separated.

The parent co would want to list STG in Bursa ( for public money ) if possible, but it cannot qualify for it.

And parent co still wants the money from the public, so a scheme is designed a such a way it does not have to comply with SC or BNM. MLM 's concept is adopted but they do away with it in black and white.

Finally, they need to add some incentives to members, so eat and you get paid ( taking advantage of our culture ).

I would not say the designer's scheme would work or would not work, but just pointing out the intentions they might have.

P/S : read moderator's statements whether scheme would work or not.

Judge your own. And think before you eat ( need to sign an agreement )

This post has been edited by SKY 1809: Jul 5 2008, 11:43 PM

" Question: Why not getting bank loan straightaway to avoid all the fuss?"

I try to answer this Q on behalf of S omeone...............

STG is a fairly new set up co, and banks normally do not lend to new co without so called track records. However, if Steven Corner is be to become the guarantor for STG , then there is a chance for STG to get a bank loan.

But if Steven Corner needs to a guarantor. then what is the point to set up STG ? We may as well use Steven Corner Brand name and entity to expand our businesses . After all, Steven Corner is still liable to pay back the loan if STG fails. Steven Corner needs to pay bank interest also.

It is why , we do not need a bank loan.

Correct me if I am wrong.

This post has been edited by SKY 1809: Jul 5 2008, 11:37 PM

" Frankly, if not mistaken STG had requested bank loan before the whole thing started also...and yes it is approved and the loan amounted to RM 10million for the project."

Earlier about a month ago, he, Sillicon explained to Jordy that STG was not taking any loan bcos the management does not want to pay for the bank interest.

Jordy did ask S that the payment to members from eat and pay , could be much higher than Loan Interest.

So his above statement did contradict what he said about a month ago. Which version shall we believe ?. Perhaps he needs to make a SD to confirm.

I believe, likewise the promise given ( on the payment ) to members could change too in future.

---

Added on July 6, 2008, 8:07 am" So there is a purpose behind the purpose.

STG is set up as a new entity. As far as risk is concerned, is separated from the parent co. This is to protect the parent co if the new venture ( STG) fails. But Brand name of parent is borrowed and closely linked. As far as legal entity and issues, they are separated.

The parent co would want to list STG in Bursa ( for public money ) if possible, but it cannot qualify for it.

And parent co still wants the money from the public, so a scheme is designed such a way it does not have to comply with SC or BNM. MLM 's concept is adopted but they do away with it in black and white.

Finally, they need to add some incentives to members, so eat and you get paid ( taking advantage of our culture ).

I would not say the designer's scheme would work or would not work, but just pointing out the intentions they might have.

P/S : read moderator's statements whether scheme would work or not.

Judge your own. And think before you eat ( need to sign an agreement )
*"
______________________________________________________________

Q by S: well the above is still a assumed purpose right?

My reply to Silicon :

Yes, I am making assumptions. The HongKong's police is using this method to probe their suspects.

Result : One thing I find from you is you do not have ideas on Steven Corner/STG 's fianancials, and each time, you too making assumptions when answering to the forumers.

This post has been edited by SKY 1809: Jul 6 2008, 08:45 AM

It looks like it is the current trend, TS sounds more like a local politician from the North.

No point to argue further. He has lot more energy to do that.




This post has been edited by SKY 1809: Sep 29 2008, 04:35 PM

deleted.

This post has been edited by SKY 1809: Oct 27 2008, 11:09 PM