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zillion Master	27-Apr-2019 09:57        zillion About Contact  Quote this Post!
x 0   x 0  Alert Admin	The 28 pgs of findings why they short BW - the various levels, fake accounting, the approved licence for a specific product and a specific zone to misled downlines it is legit.
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zillion Master	27-Apr-2019 09:51        zillion About Contact  Quote this Post!
x 0   x 0  Alert Admin	Whatever names you choose mlm, direct selling bla bla as long as there are various levels of selling a product it means only one thing. Suddenly there is now an education definition of what is mlm, direct selling, franchise thinking people here are stewpig.
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Observers Elite	27-Apr-2019 09:18        Observers About Contact  Quote this Post!
x 0   x 0  Alert Admin	Past few days was running the rounds around Suntec/MBS area attending AGMs. USANA has got an army of direct sellers and all of them look so motivated at their event in Suntec. Wonder if Best World also have such an army, maybe the board or management can invite them to attend a seminar like USANA' s at Suntec then the shareholders can maybe interact with them as well to be more convinced of the business model. Vested. In Suntec Reit I mean.
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laksaman57 Supreme	27-Apr-2019 08:57        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Alesson learnt....avoid 100% China related stock Tiger04      ( Date: 27-Apr-2019 08:34) Posted: Midas saga shows we investors are not protected. Best World saga shows listed companies are not protected.. :(( not a good reflection ....
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Sin_Cos_Tan Veteran	27-Apr-2019 08:40        Sin_Cos_Tan About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sorry hah 1035834 & beng1102, not intentionally thumb you up or down. Infact I wanted to thumb up stockpicker but did it wrongly.   stockpicker      ( Date: 26-Apr-2019 23:31) Posted: There are several types of Franchise business model now existing in China but generally can be divided into 2 types,    the legal one like Mcdonalds,  KFC,  Pizza Hut etc. there are also those which deal with services,  foods,  product selling like 联 通 3G&mdash 沃 店 .  The illegal ones are very new and plenty too like what described by this department.. these are actually one type of pyramid selling http://www.jxayyz.com/cx/index.html Here is video about this new type of illegal franchising business https://www.youtube.com/watch?v=wx-l0MQxpPE Superkilat      ( Date: 26-Apr-2019 20:21) Posted: If franchise model is legal, why so many companies still fight for direct sale licenses? Direct sale license only restrict sales in the stipulated area by the license. If franchise model can any how applied to all over regions in China, must well operare franchise model. The only possible answer is franchise model is ilegal.
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Tiger04 Senior	27-Apr-2019 08:34        Tiger04 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Midas saga shows we investors are not protected. Best World saga shows listed companies are not protected.. :(( not a good reflection ....
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Tiger04 Senior	27-Apr-2019 08:30        Tiger04 About Contact  Quote this Post!
x 0   x 0  Alert Admin	SGX may be the loser too in this saga. These Shortists attacks show that listing on SGX has no 'protection ' for the innocent. Any Tom Dick & Harry flame them, they gotta prove their innocence. Spending millions to prove it.... Sen9999      ( Date: 26-Apr-2019 22:35) Posted: Yes seems like lawsuit is the one of the main agenda on the card beng1102      ( Date: 26-Apr-2019 22:23) Posted: Drastic action is expected from BW and the directors for sure otherwise could facing serious legal implication both in Singapore and China.  If these claims are true surely need to pre-empt futher investigaion else face the music for sure.    It said " As reward for their fraudulent scheme, Best World&rsquo s founders (the &ldquo Dora&rsquo s&rdquo ) exponentially accelerated their combined annual take home pay by 20x in five years, earning less than S$ 2 million in 2013 to receiving S$ 40+ million in cash in 2018" .  These people are already so rich, what is 40 million to them
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Sen9999 Member	27-Apr-2019 06:25        Sen9999 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I think we might be confused by franchise, direct selling and MLM. I am not sure if this is accurate but let me make this bold assumption. Franchise selling: Franchisor sell to franchisee, franchisee sell to customers (eg, I franchise Koi bubble tea, I sell to customers direct, no intermediaries), perfectly legal? So what BW I believe is doing is such, they sell to franchisee who sell to customers direct(already stated in their clarification and reports). Their customers can only buy from franchise. Then internally, within the franchise(probably own by the already high ranking sales rep) they have a ranking system, eg, director(PD), asst director(SD), senior manager etc, they earn commission when the franchise sells to a direct customer.(it's not prohibited to earn commission from sales right?). Major differences between direct selling and franchise model is for direct selling, u bring the product to the customer. But in franchise sell, customers come and buy product from you direct. And how BW franchises get their customers to buy from them direct is by their sales rep sharing on WeChat, weibo etc everyday. You see, the big hoo-har about 传 销 in China is that alot.of people are cheated because they are made to stock up using their savings, with promise that they will earn big money(usual MLM/Direct selling tactics). But for BW, sales rep are not required to stock up. So there is no need for direct selling license, some are fighting for direct selling license because they simply can't make customers go to them to buy, their sales reps have to buy and bring the product to them to sell. stockpicker      ( Date: 26-Apr-2019 23:31) Posted: There are several types of Franchise business model now existing in China but generally can be divided into 2 types,    the legal one like Mcdonalds,  KFC,  Pizza Hut etc. there are also those which deal with services,  foods,  product selling like 联 通 3G&mdash 沃 店 .  The illegal ones are very new and plenty too like what described by this department.. these are actually one type of pyramid selling http://www.jxayyz.com/cx/index.html Here is video about this new type of illegal franchising business https://www.youtube.com/watch?v=wx-l0MQxpPE Superkilat      ( Date: 26-Apr-2019 20:21) Posted: If franchise model is legal, why so many companies still fight for direct sale licenses? Direct sale license only restrict sales in the stipulated area by the license. If franchise model can any how applied to all over regions in China, must well operare franchise model. The only possible answer is franchise model is ilegal.
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robert.tan.2171 Member	27-Apr-2019 06:23        robert.tan.2171 About Contact  Quote this Post!
x 0   x 0  Alert Admin
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1035834 Senior	27-Apr-2019 00:34        1035834 About Contact  Quote this Post!
x 0   x 1  Alert Admin	https://baike.baidu.com/item/特 许 经 营 （ 四 ） 代 理 特 许 :特 许 人 授 权 被 特 许 人 招 募 加 盟 者 。 被 特 许 人 作 为 特 许 人 的 一 个 代 理 服 务 机 构 ， 代 表 特 许 人 再 招 募 被 特 许 人 ， 为 被 特 许 人 提 供 指 导 、 培 训 、 咨 询 、 监 督 和 支 持 。
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beng1102 Elite	26-Apr-2019 23:38        beng1102 About Contact  Quote this Post!
x 1   x 0  Alert Admin	Not really that much in business world some more it is combined that mean 20 million each.    Justice888      ( Date: 26-Apr-2019 23:04) Posted: Hello. $40 million is a lot of money. beng1102      ( Date: 26-Apr-2019 22:23) Posted: Drastic action is expected from BW and the directors for sure otherwise could facing serious legal implication both in Singapore and China.  If these claims are true surely need to pre-empt futher investigaion else face the music for sure.    It said " As reward for their fraudulent scheme, Best World&rsquo s founders (the &ldquo Dora&rsquo s&rdquo ) exponentially accelerated their combined annual take home pay by 20x in five years, earning less than S$ 2 million in 2013 to receiving S$ 40+ million in cash in 2018" .  These people are already so rich, what is 40 million to them
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stockpicker Master	26-Apr-2019 23:31        stockpicker About Contact  Quote this Post!
x 0   x 0  Alert Admin	There are several types of Franchise business model now existing in China but generally can be divided into 2 types,    the legal one like Mcdonalds,  KFC,  Pizza Hut etc. there are also those which deal with services,  foods,  product selling like 联 通 3G&mdash 沃 店 .  The illegal ones are very new and plenty too like what described by this department.. these are actually one type of pyramid selling http://www.jxayyz.com/cx/index.html Here is video about this new type of illegal franchising business https://www.youtube.com/watch?v=wx-l0MQxpPE Superkilat      ( Date: 26-Apr-2019 20:21) Posted: If franchise model is legal, why so many companies still fight for direct sale licenses? Direct sale license only restrict sales in the stipulated area by the license. If franchise model can any how applied to all over regions in China, must well operare franchise model. The only possible answer is franchise model is ilegal.
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Justice888 Supreme	26-Apr-2019 23:04        Justice888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hello. $40 million is a lot of money. beng1102      ( Date: 26-Apr-2019 22:23) Posted: Drastic action is expected from BW and the directors for sure otherwise could facing serious legal implication both in Singapore and China.  If these claims are true surely need to pre-empt futher investigaion else face the music for sure.    It said " As reward for their fraudulent scheme, Best World&rsquo s founders (the &ldquo Dora&rsquo s&rdquo ) exponentially accelerated their combined annual take home pay by 20x in five years, earning less than S$ 2 million in 2013 to receiving S$ 40+ million in cash in 2018" .  These people are already so rich, what is 40 million to them? beng1102      ( Date: 26-Apr-2019 21:17) Posted: Page 22 and 23 look from Taiwan but page 21 is written by mainland Chinese.
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Sen9999 Member	26-Apr-2019 22:35        Sen9999 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes seems like lawsuit is the one of the main agenda on the card beng1102      ( Date: 26-Apr-2019 22:23) Posted: Drastic action is expected from BW and the directors for sure otherwise could facing serious legal implication both in Singapore and China.  If these claims are true surely need to pre-empt futher investigaion else face the music for sure.    It said " As reward for their fraudulent scheme, Best World&rsquo s founders (the &ldquo Dora&rsquo s&rdquo ) exponentially accelerated their combined annual take home pay by 20x in five years, earning less than S$ 2 million in 2013 to receiving S$ 40+ million in cash in 2018" .  These people are already so rich, what is 40 million to them? beng1102      ( Date: 26-Apr-2019 21:17) Posted: Page 22 and 23 look from Taiwan but page 21 is written by mainland Chinese.
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beng1102 Elite	26-Apr-2019 22:23        beng1102 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Drastic action is expected from BW and the directors for sure otherwise could facing serious legal implication both in Singapore and China.  If these claims are true surely need to pre-empt futher investigaion else face the music for sure.    It said " As reward for their fraudulent scheme, Best World&rsquo s founders (the &ldquo Dora&rsquo s&rdquo ) exponentially accelerated their combined annual take home pay by 20x in five years, earning less than S$ 2 million in 2013 to receiving S$ 40+ million in cash in 2018" .  These people are already so rich, what is 40 million to them? beng1102      ( Date: 26-Apr-2019 21:17) Posted: Page 22 and 23 look from Taiwan but page 21 is written by mainland Chinese.    Sen9999      ( Date: 26-Apr-2019 20:53) Posted: Provided that they say china uses this system is true. Because it looks like Singapore&Taiwan model. To say China uses the same model, needs further confirmation.
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Sen9999 Member	26-Apr-2019 22:10        Sen9999 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Franchising scheme explained https://indyfranchiselaw.com/pyramid-schemes-and-franchise-systems/
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Sin_Cos_Tan Veteran	26-Apr-2019 21:54        Sin_Cos_Tan About Contact  Quote this Post!
x 0   x 0  Alert Admin	dress-down Friday......
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Sin_Cos_Tan Veteran	26-Apr-2019 21:27        Sin_Cos_Tan About Contact  Quote this Post!
x 0   x 0  Alert Admin	What Is the Difference Between Direct Sales & Multilevel Marketing (MLM)? http://smallbusiness.chron.com/difference-between-direct-sales-multilevel-marketing-20952.html   Sin_Cos_Tan      ( Date: 26-Apr-2019 20:37) Posted: see page 21 - 23 of Bonitas Research Report on _ A China Member Rep sent the following graphic to describe pricing and sales incentive structure for Member Reps in Mainland China.  . 28 pages Bonitas Research Report http://s3-ap-southeast-1.amazonaws.com/tesuploads/878/BonitasResearch-Short-Best_World-SGX_CGN-BBerg_BEST-Fraud-24April2019.pdf   Sen9999      ( Date: 26-Apr-2019 17:57) Posted: Anyone here to explain franchise model again? In another words BW is not doing MLM in China, not direct selling(so no need for the license that is obtained in 2016 in Changsha, which they clarify) I suppose franchise model is the principal pays the fellow sales rep commission upon sales? Then the sales rep become manager, he will earn from the sales rep below him. Then manager become assistant director, he earns from manager. This is the traditional sales model isn't it?
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beng1102 Elite	26-Apr-2019 21:17        beng1102 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Page 22 and 23 look from Taiwan but page 21 is written by mainland Chinese.    Sen9999      ( Date: 26-Apr-2019 20:53) Posted: Provided that they say china uses this system is true. Because it looks like Singapore&Taiwan model. To say China uses the same model, needs further confirmation. Superkilat      ( Date: 26-Apr-2019 20:50) Posted: The 7 level sales incentive scheme shown in bonitas report shows BWL direct clients practising MLM. Concrete evidence isn't it?
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Sen9999 Member	26-Apr-2019 20:53        Sen9999 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Provided that they say china uses this system is true. Because it looks like Singapore&Taiwan model. To say China uses the same model, needs further confirmation. Superkilat      ( Date: 26-Apr-2019 20:50) Posted: The 7 level sales incentive scheme shown in bonitas report shows BWL direct clients practising MLM. Concrete evidence isn't it?
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