CodenameV

Rockport

just got a Ball Fireman Night-train. its super cool with there is light, but even more awesome in the dark

 

That makes two of us. I bought mine last November 2007. Great military styled watch. Its part of my weekly rotation along with my Seiko Orange Map Meter, Seiko Black Flieger, Archimede Pilot W and Casio Red Wave Ceptor G Shock. For formal occasions, i normally use my IWC Mark XV Flieger although I do sometimes use the Archimede Pilot W as it doesn't get as easily scratched as the IWC.

While looking at a surplus place for stuff, i saw a casio gshock that was in good shape although the batteries were dead. I got it for 1k and had the g factory shop at rockwell take a look at it. It turns out that the model wasn't available here. I take a picture of it later.

Hugo's at Podium

After doing some research on Rolex, on it's own as a watch; not worth it. Features and quality wise, nothing differentiates a Rolex from an Omega. So why is a Rolex much more expensive than an Omega? Marketing, Tight control of supply and a Business policy of increasing SRP's every year. Those actions distorts the actual market value of Rolexes.

hiddenhunter,

you have to first set your risk tolerance profile first before anybody can give you a recommendation. The stocks that some of the people here in this forum are talking about are rather speculative and not for the faint of heart. You can browse the PSE website and see the volatility of their prices by looking at the charts.

IEBank's 90 day holding period are quite long. Banks like BDO allow you to withdraw your funds after a holding period of only 30 days.

high risk and high yield? The risk is that you could lose your investment anyday as the perpertrators are not following any laws with regards to returning your capital. You are given no documentary proof that you have made an investment. it's not high risk, thats called unacceptable risk.

$1000 or P46,000 (depending on the prevailing forex date) is still a large amount of money. Even when i got a lot of IPO's of National Reinsurance and Alliance Global, my total earnings are still less than that amount combined.

Next time somebody thinks about going into schemes like this, just imagine that where your money will end up. One of the perpetrators reportedly spent the hard earned money of FS investors on a Porche Boxster and Chevy SUV.

http://pinoyambisyoso.com/2007/07/03/franc...s-on-tv-patrol/

 

I can't believe this thread i posted. This is actually how people think. Na ok lang makapang goyo sila so long as mabawi nila pinasok nila at kumita pa. grabe. ang mali pa gobyerno at media kasi tinigil daw. haaay pinoy talaga...

Thanks for the link. I found the posts very interesting to read. Gives insights to how FS investors think and justified their 'investment' aka gamble.

continued...

One reason that the scheme works so well is that early investors – those who actually got paid the large returns – quite commonly reinvest (keep) their money in the scheme (it does, after all, pay out much better than any alternative investment). Thus those running the scheme don't actually have to pay out very much (net) – they simply have to send statements to investors that show how much the investors have earned by keeping the money in what looks like a great place to get a high return.

The catch is that at some point one of three things will happen:

a. the promoters will vanish, taking all the investment money (less payouts) with them;

b. the scheme will collapse of its own weight, as investment slows and the promoters start having problems paying out the promised returns (and when they start having problems, the word spreads, and more people start asking for their money); or c. the scheme is exposed, because when legal authorities begin examining accounting records of the so-called enterprise, they find that much of the "assets" that should exist, do not.

I was reading about Ponzi schemes in Wikipedia and I was quite surprised at the similarities between the example and Francswiss.

An advertisement is placed promising extraordinary returns on an investment – for example 20% for a 30 day contract. The precise mechanism for this incredible return can be attributed to anything that sounds good but is not specific: "global currency arbitrage", "hedge futures trading", "high yield investment programs", or similar.

With no proven track record for the investors, only a few investors are tempted, usually for smaller sums (say $5,000). Sure enough, 30 days later, the investor receives $6,000 – the original capital plus the 20% return ($1,000). At this point, greed starts to overcome reason: the investor will put in more money, and, as word begins to spread, other investors grab the "opportunity" to participate. More and more people invest, and see their investments return the promised large returns.

The reality of the scheme is that the "return" to the initial investors is being paid out of the new, incoming investment money, not out of profits. There is no "global currency arbitrage", "hedge futures trading", or "high yield investment programs" actually taking place. Instead, when Investor D puts in money, that money becomes available to pay out "profits" to investors A, B, and C. When investors X, Y, and Z put in money, that money is available to pay "profits" to investors A through W.

exactly!!!!

 

Registering with SEC is never a guarantee that a company will be protected!!!! Ano nagagawa nang SEC nga yung na bankrupt ang CAP....

 

Ano nagagawa nila yung scandal nang BW Holdings during the time of the Estrada Administration??

 

They are just a Rubber Stamp division of the government.....

Registering with SEC is just a formality but cannot guarantee that the public will be protected from fraud. CAP became bankrupt due to the government's decision to lift the cap on tuition fee increases and bad investments made by its management. the scam in BW Holdings was actually perpetuated by a friend of Erap. Dante Tan actually has more to fear from people who lost money in BW rather than being prosecuted by the government. The only way to protect your investment is to do your own homework and see that the company who is managing your investment is capable and credible.

zeromike,

just an observation. you do your research and come to a conclusion that this company is engaging in a scam. yet you decide to put your hard earned money despite the risk because somebody who has a vested interest told you it was still ok. if you really want to take risks, why not invest your money in speculative stocks like Multitech and Geograce. At least, you don't have to wait for 3 weeks to see if your gamble was worth it or not.

For anybody who thinks of going into this endeavor, a fable that i have always remembered and applied.

A hound dog found a bone and held it tightly in his mouth. He growled and scowled at anyone who attempted to take it away. Off into the woods he went to bury his prize.

When he came to a stream, he trotted over the footbridge and happened to glance into the water. He saw his own reflection. Thinking it was another dog with a bigger bone, he growled and scowled at it. The reflection growled and scowled back.

"I'll get THAT bone too," thought the greedy dog, and he snapped his sharp teeth at the image in the water.

Alas, his own big bone fell with a splash, out of sight, the moment he opened his mouth to bite!

Sold all my AGI today. Didn't really think of the company as a long term play anyway when i availed of the secondary public offering.

I agree that bond based UITF's are very volatile right now. I liquidated my peso based bond fund 2 weeks ago and my $ based bond fund last week. Shifted them to a $ money market fund.

I got this from another forum.

'The Swiss Cash program was launch on April 2005 and Michael

Mansfield has been appointed as Chief Financial Officer. According to

the information on the home page, the fund will be invested in

various fields like development project, equity, HYI, commodities,

foreign exchange and others.'

'Michael Mansfield' is the CFO of both Swisscash and Francswiss ---

are the same scam artist.

In Swiss investment market, the highest you can get on investment

instruments (bonds and mutual funds) are between 12-15% per annum on

short-mid term investment (2-4 years). That's with UBS and

CreditSuisse. Well compare that withh 1,642% interest earnings per

year.... too good to be true.

Cheers,

1,642% interest earnings per year

ROFL

some other observations....

- The website mentions a US address but no phone numbers.

- The Domain Name registration (checked through Whois) shows an Alabama address but no contact details. E-mail address goes to somebody in Singapore. Domain Name was registered only in 2007, expiring in 2008. If they were legitimate, they will be more transparent in terms of their legal entity.

- Their scheme shows elements of a Ponzi-scheme pyramid scam. No legal investment company will engage in the type of multilevel marketing that they are doing. This is definitely against US SEC regulations. If they do this in the US, they will be closed down in a matter of days.

What they will probably do is make the first few payments, taking money from other investors and juggle the funds around. Eventually, they will run out of money - but not until they've salted away a lot of unsuspecting people's hard-earned money to their offshore bank accounts.

I've tried Metrobank and BDO's UITF and I find BDO to be much more transparent. BDO's trust department issues two advisories weekly (UITF and Economic outlook) aside from their monthly summary that's available on their site. Don't rely on the branch personnel for advice as they are not trained or experienced in knowing the ins and outs of such instruments, rather, they just know how to do the processing. You can talk to BDO's trust department for questions.

Ayaw nagiisip at sige sige lang. Tapos pagsinita, galit na galit pa pero wala naman gagawin pagkatapos at mauulit lang.

I/TG,

I have enough of this flirting with J/TB. That behavior is already beyond friendship. How often does he call you? As if you would care about what i think anyway, you left me high and dry yesterday. :thumbsdownsmiley: It isn't even the first time. Do you have a convenient excuse? It doesn't excuse not even letting me know.

A

There are times where i feel just like Big Bird with his imaginary friend Snuffleupagus

http://upload.wikimedia.org/wikipedia/en/4/49/Tv_sesame_street_snuffy_too_big.jpg

I,

I have always believed that when 2 people agree to go into a relationship, they form a bond that goes beyond words. That they can hear each other's thoughts. Apparently, I was wrong. I promise to be more open with my feelings and my thoughts which i was releasing in small doses.

I agree with you that we are just drifters in this world. I have always used the analogy that a relationship is like two people in a bus or a jeep. They can sit together for a while, decide to part ways along the way or choose to be together the entire journey. That journey can last one month, two months, one year or any time. I just don't like to think about that destination not at this time. Not this soon. But i do promise that I will try my best to make our journey together a fun and rewarding ride.

Whether that ride is a ferris wheel, a rollercoaster, a wild rapids ride is something that we will have to work out.

PS. Can we promise each other that if we ever do breakup, it will be for the right reasons? Not just because of a disagreement, argument or misunderstanding?

Hope that makes sense.

A

It's not that you weren't able to make it to our meeting place, what ticks me off is that you don't even tell me what's happening or don't even reply to my messages. It happens all the time. I don't really understand why you would do that to me. Feels like i am talking to a wall. :grr:

Hi there, I'm read your original post in Tsikot about your Altis. If you are posing a warning, you have to mention that you didn't follow the recommended oil change schedule. That's the first rule about maintaining your car's engine.

Also, Toyota Quezon Avenue has the worse reputation among all the casas of Toyota. I experienced that first hand when i had my Vios brought there for it's 1st 1,000 km checkup. Lousy service and they even damaged my car's paint. I normally have my car serviced at Toyota Shaw before and now at Toyota Otis. It's already 41,000km and counting.

Btw, I'm not working for Toyota nor am i connected them in any way.