Emgoldex is a fake company – SEC

[Da Fai]

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OT:
Hahah, kaila lage ka sa akoang pasabot. heheh barkada mi ana niya. iyahang classmate sa high school kay amoang director sa una mao nga nagka ila mi anang professor. Cool sad kayo sad mura ra sad ug estambay ang inistoryahan ba pero during sa usa namu ka admin hearing sa opisina kay luspad ang mga witness nga iyahang gi cross examine. Halus di na gud mubuka ang baba.

OnT:
Dili jud na sila muangkon kay naa man na silay motive. Bisan pa multiple times sila mo ingon nga dili sila member but their action speaks otherwise. Mao bitaw nga ni request ko ug sworn statement kay para didto nato na labhan sa korte kay para mahibaloan nato na ilahang motive. Muputi lage na inig laba. Ingon pa tag 7.50 na lang gud daw ang Ariel. hehe

Sayu ra jud kaay na himuon ang sworn statement biya. Kana lage kun ikaw sa imuhang kaugalingon kabalo ka nga limpyu imuhang konsesnya pero kun ikaw naay motive mag duha duha jud ka kay gawas nga sabonan ka, ukayon pa jud imuhang tanan personal information, samut nga paksit ka diha.

out topic: havent met him personally, pero kaila akong ig.agaw niya na abogada sad, and in some way, ka batch na nako ang iyahang uyab or fiance na ba run, so makita nako sa facebook.

mao gani, kung limpyo ato konsensya, dili jud ta magduha2 ug buhat anang statement, kung sa ako pa trabaho, its just a statement of fact, pero ang problema, and imo statement maybe used against you. thats a big problem jud, pero kung sa investigation pa, ang statement kay wala jud nay pugsanay, depende ra jud na kung muhimo ba or dili,, hehehe, wala man koy gilabanan nin.u, ako lang peace lang ta tanan, i hope mu agree na intawn c mr. @Romeojin kay laktod pa pagkasulti, kung naa man gani country nga ni declare illegal ang kaning "company" ga pasabot lang nga there's something wrong, or scam jud xa, no doubt, dili man sad cguro na xa lisod sabton, kay kung mangumpara ta sa ubang pyramiding, wala man na considered as illegal kay naa may visible overpriced products in which ni agree jud ko ni @psyche54 totally. gi kapila nako basa ug gi "google" nalang jud tawn nako iya mga explanation para masabtan nako, ahahaahahaha ahaka pud tawhana "salute" ko nimo, nosebleed ko oi... ma sabtan raman sad in the long run, pero mas maayong ibisaya nalang jud ug tarong para masabtan jud ug klaro, bisdak bitaw ta, ayaw lang itagalog palaka, hahahaha

[Da Fai]

nanggawas na ang kwarta ay, hahahaha, dala na man pusta, sabong nani run...

[muchacha00]

membro ko og naka exit nako ka duha.. pero kahibaw ko nga scam ni.. hope it helps

[BetterPhilippines2015]

membro ko og naka exit nako ka duha.. pero kahibaw ko nga scam ni.. hope it helps

Kibaw ka nga scam ni pasabot kibaw sad ka nga giilad rasad nimo imong gipang recruit aron makalingkawas ka. Naa pud kay dugong politiko sa.

[muchacha00]

Kibaw ka nga scam si pasabot kibaw sad ka nga giilad rasad nimo imong gipang recruit aron makalingkawas ka. Naa pud kay dugong politiko sa.

naka exit napud akong g retcruit sila maoy nangilad. akong papa konsehal sauna basin .. naa sa dugo nana.. hahaha

[psyche54]

Happy recruiting guys...

[psyche54]

naka exit napud akong g retcruit sila maoy nangilad. akong papa konsehal sauna basin .. naa sa dugo nana.. hahaha

hahahahaha... spot on.. this is hilarious btw...

[Romeojin]

illegal and scam? logically speaking @Romeojin, what is the difference between the 2 man? i hope you dont mind, but please, klaro na kaau ang mga explanation sa mga taw for you... it was clear, precise, and understandable even for a highschooler... even the sworn statement nga definition kay sayup naka, cge ko katawa, anyway, to avoid any more misunderstanding, support nalang ta sa majority... every1 happy...

kung nag back read palang ka di ka sige pangutana.

Illegal siya sa Pinas kay way permit to operate here and few other countries. Legal na siya sa Europe, USA except 1 state, other Asian nations and many other nations. Mao daghan members mga OFWs member ani esp nag work sa Singapore daghan na nag.attempt recruit nako.

Di sad pasabot since dili sila registered dire scam na diretso; kay even mga SEC registered nahulog gihapon scam like the recent case of One Dream.

Dili powerful ang SEC dire kaysa sa uban nations na legal ang Emgoldex even kalukat ni sila ug registration, im pretty sure moingon gihapon ka na scam lol. Kay hilig man ka ug accusations even walay proof. remember Herbalife ?


Ang definition nako sa sworn statement gikan sa internet so ayaw ko ingnan nag pataka ko.

mas kataw.anan pa ng moingon maghimo sa ug sworn statements then huna2x sa unsa i.file na case as if pud naay tao sa kalibotan mag pa sitting duck on any case lmao.

[Romeojin]

Now akong challenge sa imuha @Romeojin, since sure man jud kaha ka anang imong balance sheet, I have 300k surplus funds here. I'll bet my 300k if your computation is logical and correct. If game ka ana for 300k, i'll PM you my personal contact details. I'll have my bank prepare a manager's check for you. Do the same for me if yours is wrong.. Game? If u want, let's double it up... Game? Im serious by the way...

Hahaha banking on small things ? how about owning up on your own words here. Nag sige lang man ka likay.
At least if that i made mistake thats because of wrong terms, ang imo YOU WENT AGAINST YOUR OWN WORDS.


ACCOUNTING 101 accdng to you

ASSETS

You are shooting yourself in the foot...

Get back to me when you know the basic principles of running a profitable business.

Again learn the basics... EQUITY = ASSETS - LIABILITIES. Ayaw incosider ang 550K nisulod as assets. Kay liabilities na!

Nice try sir!

after telling you sayop ka...

Tagaan tika sir ha sa Business Scenario...

Scenario: Atong i-assume nga ang Tier 1 & Tier 2 nimo atong ipa-exit. Tier 1 is 1000 Tables. Since 1 x 2 man ang matrix sa Emgoldex, ang Tier 2 will be 2000 Heads. So ang total heads nimo tanan for the Tiers is 3000

Now let us multiply that by your put-up capital of 36,000.00

So: Tier 1: 1000 x 15 = 15,000 heads
Tier 2: 2000 x 15 = 30,000 heads

45,000 heads x 36K Advances from Customers/Recruits
= 1.62Billion (Wow, that's a lot of money, but wait kay wala pa ta nahuman)

Now, @Romeojin, this is what you do not understand... While your cash asset grew by 1.62Billion, your liabilities also grew by 1.62Billion. The preferred entry in your General Ledger on this case is Debit: 1.62B Cash, Credit: 1.62B Advances from customers. Now, did your business grow? A big "NO"! Instead you assume the risk to make the money turn into profits!

Now, let's go back to what you want to receive. "COMMISSION"!

In short accountant ka wa ka kahibaw unsa ng ASSETS

kay para nimo ang bank deposit/membership fee dili considered as asset.
ask yourself asa tawon gikan kanang Cash assets ? lmao.


LIABILITIES

ingon ka

Now, @Romeojin, this is what you do not understand... While your cash asset grew by 1.62Billion, your liabilities also grew by 1.62Billion. The preferred entry in your General Ledger on this case is Debit: 1.62B Cash, Credit: 1.62B Advances from customers. Now, did your business grow? A big "NO"! Instead you assume the risk to make the money turn into profits!

Now, let's go back to what you want to receive. "COMMISSION"!

kapila nako giingnan ka na contingent liabilities pa na kay they only get their ROI once they exit.
but how come...

Now, for the 3000 Heads nga mu-exit @ 180K that would cost you 540Million as Commission Expense... Now, Expense na ha...

So what you have now in your cash assets is 1.62B - 540M = 1.08Billion.. (Hmmm, this is why you assume that liquid ka because you have still cash left of around 1.08Billion... That's a lot of Mooolah.. But wait, di man na imo.. As per your own term, POOLED money from customers, Liabilities pa ni nimo. By the way, this is not contingent liability. Google "contingent liability" para di ka magpataka ug yawit...)

how come kutob lang ka 540M ang imong deduction? na considered man diya ang entry fee total 1.62B as liabilities.
Diretso na tana ka ingon UNSUSTAINABLE imong conclusion. minus2x lang man ka dinha when sa imong first post ZERO naman diay daan; also at many points basing sa imong posts here, na dili considered as asset ang ilang entry fees, mas samot diay ka negative ang ilang balanse

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You know you should gave me some of that 300K for lecturing you. accountant ka ang you dont know these, mo dare pa ka challenge2x dinha tungod lang sa word na BALANCE SHEET and Equities
Keep your money to yourself, you'll need it more than I do. I've proven you wrong many times here sige lang ka likay2x even covering your posts with mga pictures and ad hominem .

Not a single questions or rebuttals hurled at me, na wa nako tubag while daghan ko rebutals ug questions wa natubag !


Sunod asa naman tubag sa akong rebutals ? esp sa Unsustainable part, nahuman na nimo calculate ? hehehe

[callsyn_bigbird]

Illegal siya sa Pinas kay way permit to operate here and few other countries. Ang definition nako sa sworn statement gikan sa internet so ayaw ko ingnan nag pataka ko.

mas kataw.anan pa ng moingon maghimo sa ug sworn statements then huna2x sa unsa i.file na case as if pud naay tao sa kalibotan mag pa sitting duck on any case lmao.

Two Points:

1. Admission of Guilt - a statement by someone accused of a crime that he/she committed the offense.

a. Kindly refer to the above statement, Romeojin, just admitted nga illegal ang Emgoldex sa Pinas and yet he is still advertising it. Romeojin now becomes an AID of an ILLEGAL activity in the country.


Aid and Abet - To assist another in the commission of a crime by words or conduct.
The person who aids and abets participates in the commission of a crime by performing some overt act or by giving advice or encouragement. He or she must share the criminal intent of the person who actually commits the crime, but it is not necessary for the aider and abettor to be physically present at the scene of the crime.


Source: Legal Dictionary – Free Dictionary


b. Romoejin mentioned that emgoldex is illegal because of no permit to operate in the country. Under the Securities Regulation Code Section 8.

SEC. 8. Requirement of Registration of Securities.

8.1. Securities shall not be sold or offered for sale or distribution within the Philippines, without a registration statement duly filed with and approved by the Commission. Prior to such sale, information on the securities, in such form and with such substance as the Commission may prescribe, shall be made available to each prospective purchaser.


Source: sec.gov.ph


c. By the words of Romeojin that Emgoldex is illegal, although he is not a member as he mentioned but since he kept on promoting emgoldex, Romeojin is doing fraud transactions. Under Section 26 of the Securities Regulation Code.

SEC. 26. Fraudulent Transactions. - It shall be unlawful for any person, directly or indirectly, in connection with the purchase or sale of any securities to:

26.1. Employ any device, scheme, or artifice to defraud;


26.2. Obtain money or property by means of any untrue statement of a material fact of any omission to state a material fact necessary in order to make the statements made, in the light of the circumstances under which they were made, not misleading; or

26.3. Engage in any act, transaction, practice or course of business which operates or would operate as a fraud or deceit upon any person.


Source: sec.gov.ph



2. No need na para mo himu ka ug sworn statement bai kay ako nay mo initiate sa case since enough naman sad ang evidence nga akoang na gather. Kadtong mga gi mention naku sa ibabaw will be my basis ug other criminal and civil case that we can think of.


My fellow istoryans, according to @Romeojin illegal ang emgoldex sa Pinas ug dili daw scam. Illegal pero siya mismo ga cge ug promote sa Emgoldex. Nganu man nga mag cge ug promote ug us aka illegal nga company diri sa Pinas? Is he going to support illegal drugs as well? Yes, emgoldex is not similar to drugs but both are illegal. The difference is the degree of punishment.

To this regard, I urge anyone who knows the true identity of @Romeojin such as phone number, Full name, address, workplace, etc. If you have any information about @Romeojin, feel free to PM me any of those information. I will ensure that your identity will remain confidential.


Let us unite in fighting people who are doing illegal activities in our country.