lol. everybody else said this will not be any funnier than calvin tan said it. Calvin tan, who direct sales those shares he had bought, say KYY starting his ponzi scheme in jaks and sendai. lollllll
Based on account scrutiny, uncle koon won't sell out his mfcb on FY2014 or 15 I pun lupa. Oh I don't even know I got mfcb but I know I got biz sense to sell mfcb. Which is which?
Calvin, you have hit the nail on the head. If this is not called promoting your shares, I don't know what else to call this. Calling analysts silly, etc. because the masses in the investment fraternity do not agree with him only reflect his true colours. Tell us the failures of your past as well and not only your successes. Fortunately, most of the so-called silly analysts also did not agree with him then or else a lot of families would have loss a fortune following him.
He is the only one to participate the buy and sell to push up the share price. After that, once a while to publish article to promote shares. It is very obvious and proven.
A ponzi game is when monies pour in more and more drawing in vast amount of greedy people thinking of a fast kill.
Like this
JJPTR was started to give all early birds a 20% dividend monthly. And those "generals" who went in early recruited all their comrades to join in later.
The generals could be
1)The Father. He tells his wife & children to invest in JJPTR because he got proof that he received 20% profit every month. So all of them being greedy poured in their pooled life savings
2) The Company Boss He tells his workers to follow in same pattern
3) The Headmaster He told his teachers to join him
4) The Stock Broker He tells his customers to make a quick buck
5) An outspoken Peer Alpha Leader He told all his other followers to join the party
6) And so the Game Grew Bigger & Bigger
7) Now Monies got sucked in far and wide. Finally over Rm1.5 Billions were collected.
8) It even sucked in people (suckers) from oversea. 25% of JJPTR victims were from foreign countries.
Aha! Who were the winners?
Answer:
The ones who got in early.
So The Father received 20% monthly while his wife and children suffered losses later.
The headmaster made a killings at the expense of his teachers
The Stock Broker laughing all the way to the Banks while the customers got bled dry.
The Alpha Leader dance with windfall while his followers are left in limbo
The Ones that GOT IN EARLY MADE A KILLING WHILE THOSE WHO ENTERED LATER GOT KILLED!!
Foreigners lost their monies to Malaysians who escaped with the booty early?
So you SEE
The Rm1.7 Billions are not lost. Monies only shifted position from Johnny came lately victims to early birds.
So there is no real productive investment
IT IS ONLY A MONEY GAME.
A GAME OF PASSING MONIES FROM MOST FOOLISH HANDS INTO LESS FOOLISH HANDS!
So - early fools also made monies if they escaped early!!
Posted by myongcc5 > May 27, 2017 03:39 PM | Report Abuse
In 1920, Charles Ponzi (office in Boston) drafted a fraudulent scheme where investors were given unusually higher n consistent returns Gm their capital invested, but the monies is generated thru new deposits where more n more investors joined in. However, the scheme did not have any business or legitimate income other than taking in new deposits!
Eventually, the scheme collapsed when operator unable to pay dividends!
Yes,
The game ended when the very last sorchai has been sucked in.
Roughly, about 10yrs ago, another Ponzi game collapsed, the then Bernie Maddoff n cronies collected multi billions were charged n his 2 sons committed suicide!
Well, if JAKS project failed, collapse like Xinquan, probably uncle Koon bankrupt. If that is the case, it's an honour to witness fall of the "super investor".
Uncle KYY already boasting jak earning 1.72sen and Sendai 1.97sen this quarter. This earning is chicken feed and nothing special and call this recovery stock.What sort of fund will buy this kind stock. There are so many stock that earn more than jak n Sendai .Is a big joke.
by the time you can see every thing, there is nothing left for you to see.
jackfruit > May 27, 2017 05:10 PM | Report Abuse
Uncle KYY already boasting jak earning 1.72sen and Sendai 1.97sen this quarter. This earning is chicken feed and nothing special and call this recovery stock.What sort of fund will buy this kind stock. There are so many stock that earn more than jak n Sendai .Is a big joke.
Well done Calvin , you said it right ... I pity the poor small investors ... till today, they are still licking the wounds by listening to him in utilizing margin to purchase Jtiasa , the most undervalued plantation counter in the world .. in his own words .. haha
No body is victim. All have take and manage risk by themselves. They all No merru. after warning. Calvin, you have done your jobs. understand well what is happening.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
ipomember
615 posts
Posted by ipomember > 2017-05-27 15:02 | Report Abuse
lol. everybody else said this will not be any funnier than calvin tan said it. Calvin tan, who direct sales those shares he had bought, say KYY starting his ponzi scheme in jaks and sendai. lollllll