If you have 20,000members (just using local statistics) taking 1200 a month - that means $24million a month is being paid out to you guys form the company.
Do you really believe that your emall platform can have sales of $24million X 10 = $240million a month? (Since its 10% of total global turnover)
Your turn over is quite close to the turnover at the neighbourhood NTUC, SHop and SAve is doing in half a month you know. Do you personally go up there and spend actively everyday? or you truly believe pple from SE go on line like crazy to buy lingerie,psp etc.. everyday?
Even if all your 20,000 singaporean members go buy a PSP each at $500, it only equals to 10million in turn over.
Which idiot will go emall to buy tons of Amway or another MLM products? You as well go join Amway instead of SE since you already have staff discount if you are from Amway. How much discount can you REALLY REALLY Save? 50%?
IF really so that all your 20,000 members go up and buy Amyway shampoo, detergents,vitamins bla bla bla, per member need to spend $10,000 every month in buying all this nonsense which you can buy MUCH MUCH cheaper at your nearest NTUC, watson, guardian to clock in $200million turn over. You think that makes sense?
SE members that i know, first thing they do when they get back capital is buy car. Not go emall buy things. Is there any cars that you sell online also?
Your emall only accessible to 20,000 members. You want to have a sales turn over of $240million every month, each person would need to spend $12,000 a month on shopping lo.. do you do that?
================================
Merchants have MORE SAY than SE in posting their products onto the EMALL. Without the merchants, EMALL is NOTHING. Therefore SE should be giving incentive for pple to come and sell things here than asking someone to pay a high premium price to set their stalls on the emall.
Do you know why u find other MLM products there? cos they are not popular to the mass audience and are only meant for MLM lovers! therefore it can only be sold via more non-popular media like your EMaLL which obviously reached out to MLM lovers like YOU!. Today if i want to sell something, why dont i place it at NTUC, watson, Giant, Harvey Norman etc.. why put in some pitiful emall with only 20,000 members when i have another 3.8million population out there that will buy from the bigger stalls? Therefore only the 'cannot make it' merchants will list their products there and pay SE a premium to help them sell.
think about it in the business angle. You will see.
===============================
SO do you still really believe that the merchants pay a high premium to sell things on your Emall like what JP and ya directors claim? How much premium you want to pay for an online store? 100k rental a month? thats the same price as a big store in takashimaya. If you are the merchant, which one makes more sense to you?
Without merchants, Emall is nothing. so who depends on who? Without the emall from SE, the merchants have thousands of other alternatives out there. you think about it.
===============================
Now to give you guys some figures to digest about the property business that makes you guys believe that SE is for real:
The 1000 lots apartments SE sold in malaysia were priced at 70kRM - 250kRM each (35kSGD - 125kSGD)..
Assume average out at 80kSGD each - 1000units X 80k = $80milionSGD - ASSUME that JP got a super good deal and built the whole entire apartment FOR FREE. AND 80million is all in as PURE PROFIT with ZERO Construction cost. AND i am also assuming that SE in Toa Payoh or Malaysia has workers and Big Cranes hiding behind the counters to build the apartments as such that they NO NEED TO SHARE PROFIT with another construction firm.
SE claims to have 50,000 or more members worldwide - so assuming that take out all the money and split, 80million divided over 50k pple, each member will get $1,600, thats only enough for 1.4 months of payment if you do your maths. Even if you work with 20k members, its only enough to pay up to 4 months. And SE doesnt go round building apartments and selling them off every month. And I am still assuming that the 80million is ALL PURE PROFIT with ZERO cost for constructing the apartment.
The rest of the property projects like the villa in malacca, water resort projects etc.. are all in the bidding stages OR in the very beginning of land selection (according to media report). Another words ZERO income.
So what kinda of business model are we talking about here?
Is there anything else that SE does or Emcom have that we do not know?
That's what CAD will find out for us.
Originally posted by Felt Cheated By NTI:Anyone can remember who are car achievers? B'coz these are the prime people!
1. Desmond Teo
2. David Tan Yuan Jie
3. Ken Pang Zhi Wei
4. Ron Lee Wai Kin
5. Alexx Leow
6. Rick Tang Chuan Choon
7. Ang Zhao Hui
8. Loy Mei Khay
9. Xu Jia Yuan
10. Benny Lee
11. Robert Wang
12. Soh Guan Xiang
13. Andrew Boo
14. Jason Loh
15. Ho Ming Jie
16. Madam Sally Cheng Goh Tiam Hai
Please help me to fill in if you can remember.
Thank You.
Originally posted by AlessandroTan:proabiltiy that it is a scam is quite high!!!!!!!!!
The investor knew it in the beginning... and it will end without refund unless CAD can help the publicOriginally posted by kyoshirou77:In today ST,
The SE Spokesman Kegan Lee said, "So far we had no refund request." and the president JH request CAD to probe them in order to clarify the mist ~
btw, under such condition who wanted a refund?
SE Agent offered 2 solutions for refunding.
1. wait 21 days and then pay administrative fee in order to get refund. (5% total investment + 40USD)
2. inmediate refund if can find *con* a new member to join ~
for 1st one, you lose quite a sum $$ and for 2nd, u still want to con a friend to join when u know something is going wrong?
that funny ~
Those threads about the "Beloved Father James Phang the God" are now one of the most highest viewed threads here, and his Sons and Slaves are no where to be seen. Busy protecting their own backsides and hiding their faces?Originally posted by nightyoung:has all the 20k members seen this post?
28308 viewed....
They have better things to do. Like trying to figure out how to keep their BMWs from being repossessed.Originally posted by redstone:Those threads about the "Beloved Father James Phang the God" are now one of the most highest viewed threads here, and his Sons and Slaves are no where to be seen. Busy protecting their own backsides and hiding their faces?
Originally posted by AlessandroTan:proabiltiy that it is a scam is quite high!!!!!!!!!
Yeah. I miss SE news as well. My day is so boring without it.Originally posted by fire & ice:no news from any SE?
tonite 10.30pm on ch 8? dun forget to watch it!Originally posted by fire & ice:no news from any SE?
I miss it very much too... call it the singaporean "must-know" kpo news....Originally posted by Phaze:Yeah. I miss SE news as well. My day is so boring without it.![]()
yah... i think we won't have news for quite some time and then all the SEA will live in false hopes of everything is ok...Originally posted by laurence82:but then investigations dont take place very fast
so have to be patient a bit
is SE still opened for biz?