Looks and Reality

This so called owner of this particular Company, young, innocent and painfully naive looking has again proven that looks can still be extremely deceiving.

Started this XYZ Company. Got himself one capable 001. Within 1st month the company collected RM3-4 million. It was booming ever since it started keying in new members last 10th January. And that monkey sang all those jazz about wanting to build a long lasting business.

They were moving so fast into Phillipines, Indonesia and Thailand. Everything looked set and clearcut to take the huge markets the Company has embarked its' campaigns on.

Everything looked in order until it became overly suspicious when my business expenses claims were not honoured. The Company has been dragging its' feet despite booming business.

And yet, the owner that paid RM65,000 for the SUPL in Indonesia(AJL equivalent in Malaysia) which I could have gotten for less than RM25,000 charged the Company RM165,000!

RM 70,000 went into his pocket and another RM30,000 went into another Director's pocket, Mr.G.

On top of that they also robbed the company from renovations done at the HQ by inflating it many times higher.

Where did the money go? Renovated his house. Siphoned RM1 million+ from the company's account into his private account leaving the Company's bank account dry (RM900 left in bank account) despite almost RM4 million turn over for month of March.

Little wonder the Company has not been able to owner my claims. Don't have to figure out about withdrawals.

If not for the 001 helping members to cash out against his own points, everything would have been gone by end of March or latest mid April if members all withdraw their incomes from the Company's e-wallet.

If not also for the new partnership with the Indonesian company which is buying 50% of the Company's share, injecting RM5 million + by this week, the game is DEFINITELY OVER.

This company would not be able to pay out members' bonuses. And that is just exactly after 90 days in busines. #x#@ him. That son of a b.... And I edified him and the company to Cloud 7. Oh bloody ....

When will be the day when a Malaysian company in the MLM industry would ever stop from being so myopic and seriously start taking the world?

Still wonder why a Chinaman like this cannot take the world? 'Coz the brain is smaller than of an ostrich's..

Is it worth to hang around still dying for the Company?

Yours truly,

Muhamad bin Abdullah

MAXIS' M MONEY

About 3 months back I posted something on the future of mobile money as I was approached to help market the same with another company. I doubted the company's claims of exclusivity. True enough, as expected, Maxis and Maybank just got into partnership to exploit the market with their ready database of customers.

In short, customers can now use their Maxis Mobiles plus Maybank Accounts without carrying their cash anymore to pay bills or other tansactions at supermarkets, petrol pumps and what nots.

Here is the report by The Star, yesterday, Wednesday 9th April.



"Maxis unveils mobile payment service

Maxis Communications Bhd expects its latest mobile money service, M-money, to record domestic transactions worth about RM500mil per annum by 2010, according to group chief executive officer Datuk Jamaludin Ibrahim.

In terms of take-up, the group expected to have one million M-money customers within the first 12 months, he said.

"M-money represents a tipping point in the emerging mobile banking and payment industry," he said at the launch of the service, the result of a strategic alliance between Maxis and Malayan Banking Bhd (Maybank) yesterday.


He added that users could instantly credit or cash out money securely from their M-money accounts via their mobile phones through Maybank Financial Services or selected Maxis centres and DropZone outlets.

M-money allows consumers to use their mobile phones to make domestic fund transfers and purchases of selected goods and services up to RM500 in value. A 50 sen fee is charged per transaction.

Maxis plans to extend the service to include overseas money transfer within neighbouring countries once it receives Bank Negara approval.

It will also be working with Maybank to enable mobile phones to be used as a Touch n' Go card for transportation or Visa Wave credit card for purchases.

Maybank president and chief executive officer Datuk Amirsham A. Aziz said M-money was the country's first complete end-to-end electronic money service.

"This partnership gives us an opportunity to explore innovative avenues for expansion and enables consumers to enjoy greater payment and e-commerce convenience via the use of electronic money," he said. He added that the bank's Maybank2u.com portal, which was now averaging electronic transactions worth about RM3bil per month, was an indication of the growing popularity of e-commerce among Malaysians.

On a separate note, Jamaludin said Maxis would announce the partner for its Indonesian venture in a few weeks.

He said the company was currently in talks with a "couple" of parties but declined to disclose if they were local or foreign."

- report by the star newspaper, tuesday 8th april 2008.