Not really want to argue with you, but just ask your boss if I am right ( because it happened to a lot of my friends).
Government body will come and investigate you, then give you ultimatum. We say you are wrong, this is our investigation paper, this is our summary how much you will be fined, and if you agree we can give you a reduction. If you don't agree, we will arrange a court date for you to argue your case to the court and get your judge hearing. But in any case, we want you to pay your fine first. If your case is won, government will refund your fine.
If you don't believe me, ask your boss.
>>>>>
a defendant is presumed innocent until found guilty under Malaysia law.no fine first.hahaha.no more talk kok
Of course the div will benefit Philip family when Philip is in jail loh....!!
When Philip comes out from jail...he still can enjoy the div benefit....but that is provided, Philip's wife did not divorce him based on the reasons that Philip is an ex jail bird a bad character loh.....!!
Jon will make sure Philip join him....maybe Philip can be his cell mate.....at least can talk about investment in the next 5 to 10 yrs loh.......!!
Posted by (S = Qr) Philip > Mar 12, 2019 09:28 PM | Report Abuse
Not really want to argue with you, but just ask your boss if I am right ( because it happened to a lot of my friends).
Government body will come and investigate you, then give you ultimatum. We say you are wrong, this is our investigation paper, this is our summary how much you will be fined, and if you agree we can give you a reduction. If you don't agree, we will arrange a court date for you to argue your case to the court and get your judge hearing. But in any case, we want you to pay your fine first. If your case is won, government will refund your fine.
Government body will come and investigate you, then give you ultimatum. We say you are wrong, this is our investigation paper, this is our summary how much you will be fined, and if you agree we can give you a reduction. If you don't agree, we will arrange a court date for you to argue your case to the court and get your judge hearing. But in any case, we want you to pay your fine first. If your case is won, government will refund your fine.
_____________
eyebrows raised few notches.illegal deposit taking and taxation laws are like moon and earth.hahaha.hope you are magnum legal case with hasil and apply to Jon choivo.you going to lose.
Jon will make sure he get a join trail together with Philip loh...!!
If anything Happen to jon...philip will kena also loh..!
Posted by justcurious555 > Mar 12, 2019 09:35 PM | Report Abuse
Government body will come and investigate you, then give you ultimatum. We say you are wrong, this is our investigation paper, this is our summary how much you will be fined, and if you agree we can give you a reduction. If you don't agree, we will arrange a court date for you to argue your case to the court and get your judge hearing. But in any case, we want you to pay your fine first. If your case is won, government will refund your fine.
a thief was caught for stealing food in supermarket.the prosecution team press charges under vehicle theft....who you think going to win? hahahaha.nite
Oh Philip’s blockbuster article take down already. I hope Choivo learn a lesson about community living and respecting people after this. But look unlikely since his reply in the article still very smart-ass
Jon has copied everything Philip posted here to icloud loh...!!
He got all the evidence he wanted just in case mah....!!
Posted by i3Value > Mar 12, 2019 09:46 PM | Report Abuse
Oh Philip’s blockbuster article take down already. I hope Choivo learn a lesson about community living and respecting people after this. But look unlikely since his reply in the article still very smart-ass
Raider, what wrong Philip do? Taking money from family member to invest is not a crime. SC target is people specifically invite public to give them money invest illegal funds. Not just manage 3rd party money, the act of inviting the public is very important.
Tomorrow u go and call up SC...ask them can or not loh...!!
Of course raider advice u, better u don use your real name loh...!!
Tell them u r Mr Philip loh.....!!
Definitely cannot mah....!!
The principle is :
Your money is ur money.
Your Family money is your family monies.
Your Friends monies is your friend Monies.
Public Monies is public monies.
Can u recognise the segregration ? Unless u r license investor, u can only invest ur own monies loh...!!
Even u have the license u still solicit SC approval loh...!!
Posted by i3Value > Mar 12, 2019 10:14 PM | Report Abuse
Raider, what wrong Philip do? Taking money from family member to invest is not a crime. SC target is people specifically invite public to give them money invest illegal funds. Not just manage 3rd party money, the act of inviting the public is very important.
If that is the case then I should be worried more for Jon lo. Because for income tax evasion and fraud, I have seen my friends with own companies vomit blood but in the end can negotiate and pay the fine.
For SC I really worry now. I hope Jon choivo is really only bullshit only la like stoneraider, and no taking monies from 3rd party investors.
U should be worried more loh...bcos jon is young 5 to 10 yrs he can stomach loh.....but for Philip 5 to 10 yrs could mean ur lifetime mah...!!
Who knows when U are out...your wife my use this excuse to divorce u loh......!!
Posted by (S = Qr) Philip > Mar 12, 2019 10:36 PM | Report Abuse
If that is the case then I should be worried more for Jon lo. Because for income tax evasion and fraud, I have seen my friends with own companies vomit blood but in the end can negotiate and pay the fine.
For SC I really worry now. I hope Jon choivo is really only bullshit only la like stoneraider, and no taking monies from 3rd party investors.
Bcos few yrs back raider thought of apply for license...but after seeing the rules...raider decided not to.....and raider became very cautious knowing how strict the rules is enforce..like managing own grandfather monies also cannot .
Raider thus behave properly and cautiously...not like Philip ....like cowboy loh..!!
Posted by i3Value > Mar 12, 2019 10:30 PM | Report Abuse
Raider, not argue with you la. This idea you got of how the principle work is different from the law. The law on illegal fund manager is very specific
Hard to say mah...usually u see all the dramas...it usually ended like that...with very sad and sadder ending loh....especially the guy that just got out from jail loh....!!
I think in real life that also loh...!
Most movies copied from real life mah...!!
U need to understand Philip's predicament loh....!!
Posted by i3Value > Mar 12, 2019 10:57 PM | Report Abuse
Raider, no need bring Philip wife and family into banter la. Man to man here enough lo. Lets leave family out.
Dear all, Just coming back from dinner with my colleague and my god this blog already generate 499 comments and counting. And after reading thro’ all the comments I am very sad and disappointed that only my brother, sister and Sifu: Icon8888, Probability and KCChong did show compassion, kindness and rational.
So can everyone please keep a cool headed, clear mind and cease fire.
So please allow me to confess: 1.Posted by i3Value > Mar 12, 2019 03:04 PM | Report Abuse Sslee, I quote you: "Respect begets respect and insult begets insult" "Do not go and belittle and insult everyone." Are you any better in this respect with some fellow i3 members here? Another pot calling kettle black. I am guilty as charge. I am ready to wrestle with a pig “quack quack quack” for what he had done and get myself smelly like shit and I can’t help myself to be sarcastic after reading too much of Philip and Jon blog. I should limit myself to read only KCChong blog article.
2. Posted by (S = Qr) Philip > Mar 12, 2019 03:06 PM | Report Abuse “The best thing a human being can do is to help another human being know more.” Charlie Munger It is because of Philip and Jon article that help me to know more and hence I recently brought Pchem and Timecom. Thank both of you for teaching me to know more.
For SSLEE: “People calculate too much and think too little.” ― Charles T. Munger I can’t help myself because this is my occupancy hazard as I need to present the boss with all the detail calculation and make my conclusion base on figure and fact. I let my marketing to do the thinking as of the bigger picture.
Posted by Icon8888 > Mar 12, 2019 04:59 PM | Report Abuse World War III World War II started because no good man ready to wrestle with a pig “Adolf Hitler” and get him-self smelly like hell to expose what Adolf Hitler truly is. Before long Adolf Hitler able to use his manipulate charm and hypnotic skill to fool/dupe/deceive/taken in/mislead/hoodwink the entire nation into heartless monsters. I subscribe to the view/believe/theory “The only thing necessary for the triumph of evil is for good men to do nothing.” Edmund Burke. So I call out quack quack quack as “a fake accountant, a fraudster, a backstabber, a bootlicker, an ass-kisser, a shameless manipulator, King of PLP, King of double talk, King of backstabber, King of poison slanderer, King of jealously, King of low life, King of bullshitting and talk cock, King of dishonest, despicable, distasteful, disgusting and evil. I am cruel and mean to quack quack quack in order to be kind to all the i3 community so as not to fail into his “Batu Api” and start a world war III in i3.
Lastly here is the last slide I did not show during my Investment blogger day presentation. A Big Thank You I would like to thank the organizer for giving me the opportunity to share my presentation with you. I’m grateful to i3 bloggers and commentators for sharing their knowledge in i3 because Knowledge, if kept to your-self, has no value. Only by sharing, we create the value. Let’s build a community of Giant Redwoods in i3 where we support and hold up each other.
Dear all, I have no mood to talk about sapnrg or any investment now. It is a very sad sad world indeed. When no one wants to stand up for minority shareholders and report all this crook and self serving CEO/major shareholder to SC.
While we eagerly argue among ourselves non-end and start a Word War III in I3, when we are suppose to build a community of Giant Redwoods where we support and hold up each other.
Please and please I beg all to cease fire, nothing good will come out from this non-end war of words
In time of sadness...i like u to know....that raider is here to stand up for minority like what u have done loh...!!
General Raider is also an investor activist loh....!!
I hope u do not feel sad & lonely bcos raider is standing right beside u fighting against exploitation of minority loh.....!!
Posted by Sslee > Mar 12, 2019 11:35 PM | Report Abuse
Dear all, I have no mood to talk about sapnrg or any investment now. It is a very sad sad world indeed. When no one wants to stand up for minority shareholders and report all this crook and self serving CEO/major shareholder to SC.
While we eagerly argue among ourselves non-end and start a Word War III in I3, when we are suppose to build a community of Giant Redwoods where we support and hold up each other.
Please and please I beg all to cease fire, nothing good will come out from this non-end war of words
One of my major quest is to get SC to direct the Major and controlling shareholders to abstained from voting on the election and retention of independent directors loh...!
Independent directors should be voted by independent shareholders that do not have representative director in the BOARD loh...!!
If this reform can be done...raider believe the corporate Governance can improve tremendously loh....!!
Choivo, about your fund structure. As a trained accountant, you should understand ‘substance over form’. SC not stupid. If they want nail you, they nail you. Your case is quite clear cut.
For you sleep better tonight. Your fund is not big. And i hope not much public money. SC will tell you to close down and let you off with a warning. Maybe with a fine. Dont worry about jail term. You are far away from that.
The reason why its illegal to collect other people money into your account, is because it constitutes deposit taking activity. Which you definitely need a license for.
If you're doing so, i suggest you consider splitting it up into their own individual accounts, and try and manage it by making the proportion of shares similar across all accounts.
Raider, Choivo already tone down and ask Philip take break. SSLee plead everyone cease fire. You some more want add fire? Enough already la for tonight
The damage may have done...Philip may have foolishly reported to SC mah....!!
I just want him to be ready just in case loh....!!
Posted by i3Value > Mar 13, 2019 12:02 AM | Report Abuse
Raider, Choivo already tone down and ask Philip take break. SSLee plead everyone cease fire. You some more want add fire? Enough already la for tonight
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....
(S = Qr) Philip
4,865 posts
Posted by (S = Qr) Philip > 2019-03-12 21:28 | Report Abuse
Not really want to argue with you, but just ask your boss if I am right ( because it happened to a lot of my friends).
Government body will come and investigate you, then give you ultimatum. We say you are wrong, this is our investigation paper, this is our summary how much you will be fined, and if you agree we can give you a reduction. If you don't agree, we will arrange a court date for you to argue your case to the court and get your judge hearing. But in any case, we want you to pay your fine first. If your case is won, government will refund your fine.
If you don't believe me, ask your boss.
>>>>>
a defendant is presumed innocent until found guilty under Malaysia law.no fine first.hahaha.no more talk kok