Join Emcom now and earn big money.
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I kind of share Rustyhong's views on this.
Why would a company raise funds using MLM through the man in the street instead of getting a loan from banks / venture capitalists or through a IPO?
I suspect that the financials of the company is not something to be proud of.
That is not the only problem. I visited their website and i cannot seem to find any thing that is super wonderful about their prospects. What exactly is their revenue model?
There's a reason why companies choose to market themselves direct to customers on the street. Just think about it.
Anyway, there's also a long thread at another forum
No offence to anybody, i am not saying that money cannot be made, but somehow i suspect that it may be blood money. -
Originally posted by laurence82:You shouldnt
I was reading an investment book when one of the warning is against investors with vested interest
Apparently the example given was a chap, who claimed to be an expert financial analyst who went on to talk about how good a company is. Turn out he is has invested in it.
You claim Emcom will earn big money, and it has gathered $40 million (?) as some claimed. If this is correct, fundamentally, you have nothing to defend against or worried about.
Worse, you have a vested interest in the investment, and you are an investor, you should not be making representations here. You should leave it all to the agents. Which means the only claims that can be made should be by employees, agents or appointed representative of the company.
Conflict of interest is always watched out for in the financial world.
Den I should not come and discuss anymore? However, I am the TS, so ??? Anyway, real investors won't really come to forums for their main research. Btw, I never make any claims about the 40 million. -
There is this joke in the financial worldOriginally posted by NUS_Superst@r:Good things must share and also, since this investment is in still in its early stage, I want to gather some of the views from other forumites.
'If there is a fat chicken running along Shenton Way, it means its a sick chicken'
Simply said, in a real tight investment world, 'sharing good thing' is oxymoronic
Now you know the rationale such joke? -
Sigh. Seems like no matter what I do, it is very wrong.Originally posted by laurence82:There is this joke in the financial world
'If there is a fat chicken running along Shenton Way, it means its a sick chicken'
Simply said, in a real tight investment world, 'sharing good thing' is oxymoronic
Now you know the rationale such joke?
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I didnt say you make claims on the 40 million, i said 'as some claimed'....Originally posted by NUS_Superst@r: Den I should not come and discuss anymore? However, I am the TS, so ??? Anyway, real investors won't really come to forums for their main research. Btw, I never make any claims about the 40 million.
you neglect this part har?
Actually to tell you the truth, this topic or other topics shouldnt exist
a) they are duplicates
b) you are promoting a scheme, which is not allowed
c) you are an investor, which means you have vested interest in this project
d) If real investors dont come here to make research, then why are you here?
e) and i shall reveal it now, you and this topic are on FireIce's blacklist
Good luck to you -
ActuallyOriginally posted by NUS_Superst@r:Sigh. Seems like no matter what I do, it is very wrong.
Some of the rules, like what i said in an earlier post, are already there, on sticky
And not like you are a first comer, you have some topics closed on you, even drawing flaming from others
I think, personally, my advice for you is, stop drawing attention and trouble -
Investing rule number 1:
Never lose money.
Investing rule number 2:
Never forget rule number 1.
It might sound stupid, but think about it. -
Dun have to tink again.. its quite stupid ur rules 1 n 2!Originally posted by Rustyhong:Investing rule number 1:
Never lose money.
Investing rule number 2:
Never forget rule number 1.
It might sound stupid, but think about it.
Everyone should know what risk level one can take. Dun invest and you will nv lose money. High potential profit comes with high risk. If you simply cannot take the risk, go for fixed deposit. -
You have hit a deadly Investment Sin!!Originally posted by wealthseeker:Dun have to tink again.. its quite stupid ur rules 1 n 2!
Everyone should know what risk level one can take. Dun invest and you will nv lose money. High potential profit comes with high risk. If you simply cannot take the risk, go for fixed deposit.
Thinking that High potential profit comes with high risk.!!!
And All the rules i quoted are from Warren Buffett himself. -
I suggest you take up some lessons or read some books before you do any investment.
From your nick wealthseeker, i guess you like to follow people's investment. (ppl say this good that good, you join in without doing any homework)
Advice:
Stop throwing your money. -
Personally i would read warren buffet, sinfully i havent been doing so coz i read stuff like Sam WaltonOriginally posted by Rustyhong:You have hit a deadly Investment Sin!!
Thinking that High potential profit comes with high risk.!!!
And All the rules i quoted are from Warren Buffett himself.
at least he is a market certifiable guru -
lol ... never trust guru ...Originally posted by laurence82:Personally i would read warren buffet, sinfully i havent been doing so coz i read stuff like Sam Walton
at least he is a market certifiable guru
Guru in my understanding - give people advice on what to buy and what not to buy.
Like you said previously, investor wouldn't say a thing about their investment. Why share? (Say stock A good. Buy. guru himself already bought like 10lots at $1. When ppl hear what he say, ppl chiong in and buy too. This will make the stock up and when this happen, he had already sold his 10lots without you knowing.
)
And guru earn part of their money from giving advice. Hehe ... -
aiyah, thats the issue of definition of guru larOriginally posted by Rustyhong:lol ... never trust guru ...
Guru in my understanding - give people advice on what to buy and what not to buy.
Like you said previously, investor wouldn't say a thing about their investment. Why share? (Say stock A good. Buy. guru himself already bought like 10lots at $1. When ppl hear what he say, ppl chiong in and buy too. This will make the stock up and when this happen, he had already sold his 10lots without you knowing. )
And guru earn part of their money from giving advice. Hehe ...
ok ok, in ur words, warren buffet ish what? -
ya ... see how you define guru.Originally posted by laurence82:aiyah, thats the issue of definition of guru lar
ok ok, in ur words, warren buffet ish what?
Warren buffet in my words .... hmmmm .... idol!! LOL ... I like the way he know what he is doing without any doubts. -
oicOriginally posted by Rustyhong:ya ... see how you define guru.
Warren buffet in my words .... hmmmm .... idol!! LOL ... I like the way he know what he is doing without any doubts.
Sam Walton is more of my idol tho
the way he do things, damn pragmatic, and its shown in Wal Mart's success in becoming an economy within an economy -
It is a good thing to have an idol to look upon. =)
Learn a thing or two and practice it in life.
Might me be the next billionaire!!
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That's the cardinal rule.Originally posted by Rustyhong:Investing rule number 1:
Never lose money.
Investing rule number 2:
Never forget rule number 1.
It might sound stupid, but think about it.
However, investment via MLM is a very effective way to get around this rule.
MLM leverage on existing relationships as a means to market products.
What this means is that the evaluation of the product (investment in this case) will be mixed together with the association with the personal relationships.
The man in the street will usually have more social contacts than business partners. So he will in turn market it to those he knows. The end consumer will really need to know whether he is really investing or simply trusting a friend or relative. -
Thank you for your replies LegacyMan. Really appreciate some sane answers around here.Originally posted by LegacyMan:This info is from the blog started by Mr Ignious Yong, MD of Emcom (Singapore)
1) What he is refering to is M-Taichung project in Taiwan. Its a nation wide project and any company can participated in it. The problem now lies on whether are you aids by the govt or doing it as private.
2) Emcom had already aquired 70% of Bluengine shares. Whether its personnel or whatever is unknown to us. But we know that the CEO of Bluengine is also the COO of Emcom.
Good luck with the ivestment. -
U guess U guess, U really tink u good at guessing ar? Then from your nick im sure that ur brain is rusty already.Originally posted by Rustyhong:I suggest you take up some lessons or read some books before you do any investment.
From your nick wealthseeker, i guess you like to follow people's investment. (ppl say this good that good, you join in without doing any homework)
Advice:
Stop throwing your money.
Stop sound like you are a clever investor. Just by reading a few investment books...
Dun lose money is quite a impt factor, but it cannot be avoid. Sure, u can play safe on your investment. U play safe u earn slow, so that depends on individual's risk level.
Just take forex as an eg, if the currency u buy drop 1 cent, den u immediately exit the trade. Bec of your dun lose money rule. Then 2 mins later it rise 5 cents. So u lose ultimately. But if you take a risk n hold for another 2 mins things will be diff. Dun just follow book says, U try it yourself.
Im not saying his teaching is lousy, but the person who write the book is one of the richest man in the world. If you are as rich as him or got lots of fund to take care of, den i will say follow his rule lo, bec losing 0.01% will be in millions liao. -
Hi wealthseeker, your cheque you put is monthly rebate but rebate is only for the first month? Den every month you just get back your dividends, right? Can explain.
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Yeah thanks for the info, i will definately read up on it,Originally posted by Nikonman:No worries, Legacyman, at the end of this venture, I am sure you will learn more about setting up a company, running a company and managing a company. Read up a bit on proper Corporate Governance, the Company Act, Business laws in Singapore and you will know how to monitor a Company in terms of Funds and Assets management. Take this as a good opportunity to improve yourself and you will be able to get maximum benefits from it.
Since you mentioned equity and funds, fund managers have to abide by the laws and regulations state down by MAS. Since you mentioned that Emcom dont have to abide by MAS laws previously, Emcom can technically invest your money in any ventures or projects (look at the RCB, is it registered as a trading/investment company too?) as approved by the board of directors.
So if they want to invest 40 million in oil, buy daimond/gold toilets or a yatch as company assets, pay themselves 1 million bucks per month as salary, there is nothing u, as investment lot owner can do, why? Cos you are investment lots owners but not a shareholder
So how do you protect yourself from these practices? A competent and independent board of directors to approve/monitor major fund transfer. Independent auditors to audit practices (say directors can have entertainment fees up to 1 million bucks a month) and best of all, a independet consultancy firms to implement good Corporate governance into Emcom, with proper checks and audits being conducted.
Hope this will help. Its not a matter of beliefs. Its a matter of knowledge and protecting your own interests.
But i guess we have to trust the company that they will not spent the investor money on unnecesary cost. -
Yup in terms of establishment and market shares APTG might have advantages but Emcom now has the advantage of first mover.Originally posted by laurence82:and APTG is also in M-Taichung Project
again, its a big fight between the giant and the dwarf, in terms of market shares
Therefore we won't know who will be the final winner -
The rebate refers to capital assurance lo, bec not yet getting the emcom dividends ma.Originally posted by NUS_Superst@r:Hi wealthseeker, your cheque you put is monthly rebate but rebate is only for the first month? Den every month you just get back your dividends, right? Can explain. -
So when the dividends start? After phase 18 or after official launch?Originally posted by wealthseeker:The rebate refers to capital assurance lo, bec not yet getting the emcom dividends ma. -
Are u already an investor? what we are getting nw is from the capital assurance plan + commission if you got any.Originally posted by NUS_Superst@r:So when the dividends start? After phase 18 or after official launch?
Emcom dividends only payout once the project start receiving money from the internet n VOIP services they provides.