- As one of the investors, I also need some clarification on the recent announcements.From my understanding, lecruz is not going to pay in full as stated in the previous plan for members who signed up before September 09?It says 1 CP = HKD 2.00 and 1 REP = 0.06 HKD, which means CP now has lower value due to the currency it is pegged to? It was measured in value close to 1 USDFor a member who signed up as silver package in feb 2009, he should get 11% of 5000CP in October which is 550CP. However the member can only get 1% of CP and 10% of REP which cash value is lower?Please can somebody help clarify?Are we investors getting back what we are investing as promised earlier?
Monday, October 12, 2009
Reply : need2know
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I'm one of the investor of this plan. As what i was told, the reason behind the downfall of the plan is that the company had invested in a casino in Indonesia. Alot of money had been dumped into it which cause the company to have insufficient fund to pay to their investor. One thing that i don't understand about the payout is that it divided into CP and REP. Can somebody explain to me what is REP? Someone told me that REP is the share dividen of the Indonesia Casino that gonna open next year. Is it true? If anybody is planning to go to macau this month, please do keep us update about the situation of the company ie. are they going to close down?
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