keeping your cash and credit card is no use.

They can just ask for your photostat IC or ask you to sign something. Either one is good enuf.

So dun bring ur IC, and dun sign anything, would be safer.

too late for me.
i dah bayar deposit rm1000.

then tadi i called Jabatan veterina to confirm about this project.
that girl said, PDF ada submit paper & do the presentation.
tetapi ada sebahagian paper tu yang tak lengkap.

so i pun tak tau samada nak terus kan or tidak.

better don't, i'm still looking for way to get back the money
will update here once i know how

Hi, I just came back from PDF few hours ago... There now expanded to JB...I also found vary suspisious for the investment scheme and I ask a lot of question to the salesperson till him cannot answer...
I ask him why they wan to share with public as the program is so profitable...they can keep by themself rather to ask investor to share with them... then the salesperson ask d manager to answer me, he say it is co-operation program with government, they will need to sell 2300 license for 2009, now left abt 450.. Then I ask him to show me the clause or the contract, he instead ask me to confirm the deal.
D manager said whatever contract with governement in black and white.. however when I request for the evidence.. he cannot proof... and show me the letter tt pengarah kelantan to change 6 local cow with their 2 cow.. to proof their cow's quality... not the evidence tt I wan.. and yet he said he answered my qustion, I reply him not the anwer tt I want.. u know how he answer me.. he said he dun need to convince me... the investor will trust on the company and won't ask for the documents for proof...
Please be aware, if any friend in JB. Their office is on 15th floor in CitiPlaza.. I saw some of the visitor sign the documents...

yep there is a lot of flaw in their argument or explanation. what they care is to collect money, not a safety of people's money.

hello the "General Manager" from the Prestige Dairy Farm, are you going to defend your company since so many LYNs here have commented about your so call good "Contract farming with JV agreement"?

or you already diving into the sea?

it wonders, why this topic has been talking bout it so long but we dun see enforecement being made by the govt. Even the company number is mentioned.

How efficient is our government??

not very efficient.....apparently dis kind of company maybe started by dunno which rich dato dato...

guess it was a scam
i got a call from them last year.. saying i got free cow and one more gift.. errr guess is a trip to dono where jor..
said all i need to to attend the seminar and no need to pay anythg... to convince me.. asked me not to bring my c/card / wallet too
then sms me saying there is an appt. on the next day ..
next day .. a new sms from a digi number (diff one) again asking to confirm my seminar time..
still i din attend and they din call me ever since...


Just becarefull of the $ u spend on it ..

DONT PERCAYA....THINK FIRST

Looks like they are going all out now and using different tactics to lure new victims.

I got a call from them last Friday, telling me they are from Prestige Dairy Farm Berhad, and their office at Tingkat 3, Wisma PPV, No 103, Jalan Bangsar.
No more free vacations or free meals (those are OLD tactics), they use a new tactic by saying that they are linked with the government, and they are offering a new scheme, whereby selected candidates will be given free land (tanah), free advice, and free money to do the modern agricultural farming activities. Sounds very impressive, huh?

I told them I'm working, and my office is at Putrajaya. The caller said that he can arrange the meeting to be done at 7.30pm! Hmm.. that really rung a warning bell in my head, as government related agencies wil not work after office hours.
Anyway, to cut story short, the caller still pursue me until today for me to attend the talk.

Thank God, I google the company's name and found this thread!

Thanks so much, guys, for the input. This really saves people from getting scammed and cheated!

wow new tactic huh ...
just bear in mind.. there is not such free lunch

Seems like everybody in here is 'looking' for something/somewhere to point their fingers at, like "Whew!! At least there's a place for me to throw all my doubts like sooooooo many people that 'supposed' of being so called cheated/so near of being cheated".

Well, put all your blames aside and think!(Wisely, not ...) Why not get the clear picture from Jabatan Perkhidmatan Veterinar, Malaysia(don't ask neighbour countries) and please,please... don't ask the reception (who knows only to pick the phone!) Ask the head - Dr Siti Salmiyah Tahir. You could be getting the answers you've been grousing and grumbling about whether it's true or not. Not by just asking the consultants questions that's out of their authority to ask and to show you the proof. Some things are P&C.

Example: Try asking the govt. to show you the agreement of the sub purchase, b'cos you can argue that as a citizen, you have the right to know. Can you do this? OR ask your parents How & what style they used to conceive you, huh? the reason is b'cos you are their child!
Then post it in here with all the capital letters if you want to. I would also like to know the end result. I can be as "kay-poh" as you..

Not by just simply asking "IS THIS A SCAM?" What kind of explaination you'll get by just asking that? Ask more profound questions: Where's the address of farm?(for those who still blur and don't know) Who runs the farm? What's the farm doing-Cows/Goats/Pigs/Turkeys/Chickens???(for those who fell asleep during the presentation...maybe yesterday O.T too much)

It's good to have the sense of 'Insecurity' but please get the answers from the right person, not from those "mat konon pandai" and since you all have missed it, here's the link http://agrolink.moa.my/jph/dvs/contact/milk/milk-hq-e.html

Please, don't "chicken" yourself by throwing in the unneeded remarks. If you think you are "Smart" enough, go check it yourself and get the answer, not just sit like a duck and just know how to point your finger. Please don't ask me who or what I'm doing cos you've got nothing to do with me. Treat me as being just "kay-poh".

Oh! Before I forget, I have a question: Does anybody doing business just for fun and don't want any profit? I know some will answer: Charity-lah.. Ask yourself this: Would you do a business that don't make money?

Don't forget to update your findings.....
[I][/I]

@firdaus
All these information should be in a prospectus given by PDF if they do have a prospectus.

BTW, their website http://www.prestigedairyfarm.com projects 12.5% (not guaranteed) return for 8 yrs.

Personally, with 26k, i rather invest in some big listed companies with proven profitable history. What's with all these agro businesses like growing agarwood, leeches, earthworms, milk cows, etc nowadays? Government got subsidise money or give grant ?

@getsmart

I agree that these info should be in a prospectus but they are not doing/giving out any bcos the way they are doing is invite prospects to their office for a presentation and get a deal-on-the-day and not doing it internationally . As we all know, not all local companies in Malaysia practice the use of prospectus unless they have to make make a bank loan.

Why they are trying their best to get the deal-on-day is to save the cost of following up with the prospect. Bear in mind, some prospect will feel pestered and get angered and frustrated with follow ups!! Do you like insurance agents / MLMers??

Now, it's a business-partner that they are looking for, in the sense that, they provide:
1. Land
2. High tech milking equipment
3. Buildings / structures for the cause
4. Hassle free in purchasing + importing the best and most suitable cattle
5. Labours and expertise in taking care of the cattle, including the A.I.(artificial insemination)
6. Marketing - getting milk buyer
7. Accounting - depositing monthly nett profit into cattle owner's account

Most of all, please don't forget it's live cattle in the dealings here, how can u be so sure/precise of the fixed guaranteed income compared to manufacturing products?? Can u guarantee that you'll be well and kicking the next day u wake up? Anyway, there is this replacement scheme in force to protect u if ur cattle forget to breath the next minute..

Now talking about returns....How much interest a bank u get a year? Let's make it 3.5%..and that is suppose to be the most secured and the most trustworthy corporation in the world bcos it's where u put ur hard earned money into and even they can declare bankrupt, how do people don't THINK of that!? Insurance company consolidated and bankrupt!! Don't tell me nobody heard of those news? Now tell me....WHAT IS GUARANTEED RETURN in business??? Please wake up and use some common sense,man..

About investing in big listed companies is actually going into share market and that is at the mercy of the market fluctuation risk!!-TELL ME IF I'M WRONG!! Now what IS on everybody's BIG MOUTH???--ECONOMY IS BAD-- but actually how bad is it? Can anybody GUARANTEE the share is sure to go up? When is BULL and when is BEAR?

It's a totally different scenario in agro-farming. Tell me, economy bad but do u eat? drink? Don't tell me u eat and recycle food. Same goes here, milk is everybody's every day's need and usage..one way or another..from children to old age.

....to be cont'd...

This post has been edited by firdauswong: May 30 2009, 04:49 PM

Please post and get the fact right
Just don't want to see this kind of 'scaring' tactic (no offence) to tell people money in bank will go together with banks.

Even bank declare bankruptcy, your saving in banks is guaranteed by PIDM in Malaysia or FDIC in US.
Just for all information, all money deposits in Malaysia even in foreign currency account is 100% guaranteed until the end of 2010.

Also in normal day, generally, BNM or every central banks will step in and intervene the financial instituition like banks and insurance company once they are in trouble due to systemic risk involved.

It is same with insurance, once insurance company fall below the capital requirement, BNM will step in just like recent Tahan Insurance case.

Understand the risk is one thing, but scaring people is another thing. You don't tell others your money in banks is not safe, so better invest in xyz product or scheme, it is not right in the first place without proper understanding of the risk of deposit in banks.

No offence.

Cheers.

If a company is offering investment scheme to the public, it is wrong and illegal without SC approval, as simple as that.
Prospectus is norm for any investment scheme, you don't let people to understand through printed paper and proper explaination before committing hard earned money?

@ cherroy

Okay, maybe i've misled readers here. Thanks a lot for pointing it out, I've forgotten about BNM. Pardon me for being a bank staff back in 1980s... I should put it this way:

Now talking about returns....How much interest u get from a bank? Let's make it 3.5%..and that is suppose to be the most secured and the most trustworthy corporation in the world bcos it's where u put ur hard earned money into and even they can declare bankrupt, how do people don't THINK of that as a corporation!? Insurance company consolidated and bankrupt!! Don't tell me nobody heard of those news? blink.gif Now tell me....WHAT IS GUARANTEED RETURN IN BUSINESS??? Please wake up and use some common sense,man.. cry.gif
(copy)
Even bank declare bankruptcy, your saving in banks is guaranteed by PIDM in Malaysia or FDIC in US.
Just for all information, all money deposits in Malaysia even in foreign currency account is 100% guaranteed until the end of 2010.
It is same with insurance, once insurance company fall below the capital requirement, BNM will step in just like recent Tahan Insurance case.
(thanks for the lines of words... )

Those 2 paragraphs are about the savings and investments of your hard earned money.


Quote getsmart:

--[BTW, their website http://www.prestigedairyfarm.com projects 12.5% (not guaranteed) return for 8 yrs.
Personally, with 26k, i rather invest in some big listed companies with proven profitable history.]--


About investing in big listed companies is actually going into share market and that is at the mercy of the market fluctuation risk!!-TELL ME IF I'M WRONG!! Now what IS on everybody's BIG MOUTH???--ECONOMY IS BAD-- (the word hanging by the lips regardless it effects them or not) but actually how bad is it? Can anybody GUARANTEE the share is sure to go up or down? When is BULL and when is BEAR?

It's a totally different scenario in agro-farming. Tell me, economy bad but do u eat? drink? Don't tell me u eat and recycle food. Milk is everybody's every day's need and usage..one way or another..from children to old age.

WHAT IS GUARANTEED RETURN IN BUSINESS??? In business there's always uncertainties, there's no so called guaranteed income. I didn't say your money in banks is not safe, so better invest in xyz product or scheme.. what i meant was, this agro-farming(milk) is totally different scenario comparing manufacturing products (not daily needed food) whereby, when the demand drops so does the manufacturing sector's income. This company is dealing with dairy or to be exact cattle for MILKing where local only able to produce 5% and 95% are imported, do you think the demand here in Malaysia even the world will drop? I don't think so..

Anyway, it's also different scenario bcos this company is not offering any investment scheme, they r selling to you the dairy cattle and at the same time they r offering to take care of 'YOUR' dairy cattles that u buy, does the necessary tiring work load for u, milk the cattle, do stacks of paperwork for u, sell the milk for u and deposit the revenue/nett profit into your bank account. Isn't it like owning a company? In another word, this is out-sourcing where you can save your precious time in doing other things. Remember: YOU don't invest and YOU don't even get to INVEST in this company, sorry not for you now!!

This company is NOT asking you to dump in your money, whether there is a cattle or not, they promise you'll get the revenue. It is sort like a service that they r providing including selling the dairy cattle to you, so you don't have to do the necessaries. Let others do the dirty job for you and you take the nett profit is like owning a business already. In the end of the contract, you are SUPPOSE to take back YOUR cattle but if you don't want it, the company is still offering to buy back YOUR cattle.

In the whole presentation, you should be shown all the details plus a detailed explanation. The company doesn't prepare prospectus that each and every prospects will get. Think about the cost of not 1 copy, (if plain photostat, you'll think cheapskate ) sure it'll be added to the price value, do you want to simply pay extra bcos of the prospectus? Maybe some 'kaya' ones don't really mind and some will even say 'OK' for the profits you'll get in return. Ask yourself honestly, not all but how many of u out there doesn't really bother and heck care about prices? Don't cheat yourself, please. Simple example: SALE!!

It's the agreement that binds the business partner and the company. Please go through and understand the agreement before u sign! Don't simply sign blindly and at the end of the day crying like a baby asking for a refund bcos your FRIEND(S) says so.

Once again I want readers to know that I'm NOT representing the said company by saying all this but is through my understandings of what this company is doing. I'm just trying to clear some of your clogged brains out from grouses and misconception (people say A u say A, never have the guts to know better). Or treat me that I'm just being a "kay-poh", i don't mind

I rather buy real Wagyu and Kobe cow to invest in rather than this. Haha.. If the business so good. Why don't they take all to themself. If wanna benefit others, where got such company except foundation company. If they don't have enough money and yet need capital, why don't they just raised capital by borrowing from bank and if this is a multi million opportunity, they can even get listed in share market hence earn more money and even can benefit other by buying its share.. Short saying.. scam and please do your research before investing. Our gov does not protect us from scam as when u put money and they give your cert or etc.. Even a consideration of RM1mio to buy a Proton Saga is valid in eyes of law.

So get the fact right and invest in government bonds such as Amanah Saham now which is safest investment now as its by government. Unless if our government is no more then our money is burn which is highly unlikely at all. 99.999% of secure investment rather than this 99.999% sure kena scam investment.

Not true, it all depends on which Ministry of Finance umbrella the investment falls under :-

1) BN
2) SC
3) SSM

All 3 of them have their own jurisdiction depending on the investment subject matter.

This post has been edited by DannyOP: May 31 2009, 01:52 AM

@firdaus
What guarantee they will buy back the cow when you want to sell?
If they so rich, why need your investment?
If banks won't lend them money (let's say at 6% only) why should you?

Big listed companies has been making money year after year even in bad economy . How can you compare with a SDN BHD that has never made profit?