Steven's Corner Brand New Look, what if it looks like coffee bean?
Steven's Corner Brand New Look, what if it looks like coffee bean?
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May 17 2008, 11:10 PM
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#1
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All Stars
14,990 posts Joined: Jan 2003 |
Okay Mr. Siliconwiper. Near my place of work I can have a tosai and teh tarik for RM2.40. The place is spotlessly clean, air-conditioned and has a TV. Beat that and you're on
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May 29 2008, 02:11 PM
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#2
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All Stars
14,990 posts Joined: Jan 2003 |
Any power points to plug in the laptop ?
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May 29 2008, 03:14 PM
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#3
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All Stars
14,990 posts Joined: Jan 2003 |
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Jun 8 2008, 07:34 PM
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#4
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All Stars
14,990 posts Joined: Jan 2003 |
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Jun 13 2008, 11:12 AM
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#5
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All Stars
14,990 posts Joined: Jan 2003 |
QUOTE(siliconwiper.com @ Jun 13 2008, 12:02 AM) well for your information..till date STG has signed about 400+ memberships now....so the coming Sunway Pyramid Outlet Will open end of this JULY then it'll be pack and full....the whole idea is even the membership are making the business boom by creating a Wave of customer flow.... We'll see chk this out Sunway Outlet ![]() |
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Jun 27 2008, 12:33 PM
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#6
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All Stars
14,990 posts Joined: Jan 2003 |
QUOTE(Jean72 @ Jun 27 2008, 11:45 AM) The following are copied and pasted from SC reply to my last enquiry:- So there it is.. it's illegal." Thank you for contacting the Securities Commission (SC). We have perused the website based on the address which you have provided. Based on the information on the website, there appears to be no element of securities or investment dealings offered by the said website. As such, this company/ website does not fall under the purview of the Securities Commission (SC). Should you, however, feel that the company is offering investments or securities trading of any kind, you are encouraged to submit further information to the SC. For your information, this scheme appears to involve elements of deposit taking which falls under the purview of Bank Negara Malaysia (BNM). As such, we would advise you to contact BNM at 1 300 885 465 or 03 2698 8044 for further information. Alternatively, you may visit www.bnm.gov.my Investors are reminded not to invest with investment schemes which are not licensed by the SC and are advised to refer to the SC's Frequently Asked Questions: "Do Not Invest in Illegal Internet Investment Schemes" available on the SC website at www.sc.com.my. Please also refer to the same website if you wish to lodge a complaint in relation to securities/ futures trading/ investment. " I have visited BNM website, Steven teas corner is surely not being licensed by BNM to collect money from the public. (go to BNM website and click on the tap "link" , where show all the approved institution that allowed to collect public money). I have spoken to an officer and she further confirm that Steven corner is not given any license of doing so. And if this scheme is presented to the members as investment scheme, the member can feel free to contact SC for clarification. As of now, they are not given any license from SC to do so. . This post has been edited by wodenus: Jun 27 2008, 12:34 PM |
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Jun 28 2008, 05:50 PM
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#7
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All Stars
14,990 posts Joined: Jan 2003 |
QUOTE(siliconwiper.com @ Jun 28 2008, 03:11 PM) you mean stevens corner boss is ex MLM scammer? what is this e barrel do? got website? pls PM me the link..Thks. Now this sounds interesting. Right now, scam or no scam, it's just an illegal deposit-taking scheme. If anyone has proof that they're ex-scammers then it will get very interesting. Whether they're planning to run or not no one knows. The plan is hugely risky though, this sounds like a HYIP, very much like Red Island Cafe (forum.lowyat.net/topic/615035). |
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Jun 30 2008, 06:53 PM
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#8
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All Stars
14,990 posts Joined: Jan 2003 |
QUOTE(siliconwiper.com @ Jun 30 2008, 02:58 PM) 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 |
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Jun 30 2008, 09:16 PM
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#9
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All Stars
14,990 posts Joined: Jan 2003 |
QUOTE(cherroy @ Jun 30 2008, 09:06 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. The question is, why ? QUOTE(cherroy @ Jun 30 2008, 09:06 PM) 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 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. QUOTE(cherroy @ Jun 30 2008, 09:06 PM) 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. 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 |
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Jun 30 2008, 10:07 PM
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#10
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All Stars
14,990 posts Joined: Jan 2003 |
QUOTE(cherroy @ Jun 30 2008, 09:27 PM) 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. Any deposit-taking scheme is automatically illegal in this country. This is why paypal can't operate here. |
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Aug 10 2008, 08:05 PM
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#11
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All Stars
14,990 posts Joined: Jan 2003 |
QUOTE(kirk08 @ Aug 10 2008, 04:34 PM) So many people came to enjoy the food until most of the people don't even have seats ( as u can see the big crowd from silicon's photo) And why wouldn't they ? they already paid for the food |
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Nov 12 2008, 01:59 AM
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#12
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All Stars
14,990 posts Joined: Jan 2003 |
So any millionaires so far?
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Nov 19 2008, 12:13 AM
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#13
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All Stars
14,990 posts Joined: Jan 2003 |
QUOTE(siliconwiper.com @ Nov 15 2008, 04:46 PM) No I mean.. anyone here became a millionaire as a result of joining? I know that will make you and your team a few million, that's probably true. But what I'm asking is, has anyone here made a million from what you're selling? This post has been edited by wodenus: Nov 19 2008, 01:18 AM |
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Nov 20 2008, 05:34 PM
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#14
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All Stars
14,990 posts Joined: Jan 2003 |
QUOTE(Canon_Ixus @ Nov 19 2008, 01:15 AM) Owners of Steven's are making millions from people's money when they pay upfront for some promise of better returns. I thought of that too.. get a few million, put it in some high-yield exotic-currency FD, use part of it to pay staff and food and maintenance + interest. Voila, risk-free profit It actually might work for a while, I can't see why it won't. You won't get back more than you put in though, but if you don't look carefully it looks as if you're actually making money You take people's money, then you give them food + say 8%. Then you put in a clause that says this is not guaranteed and we can stop this at any time and not give you any money back at all. So when the HYIP stops you run. And then you'd have millions and all your investors would have less than they started with And all this is legal. This post has been edited by wodenus: Nov 20 2008, 06:05 PM |
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