The problem with most SE Merchants is that they are content as
long as they are being paid monthly.
The very idea why we keep asking WHERE THE MONEY COMES FROM
doesn't sink in.
In 2006, SE 'investors' were tempted in to join by promoting the
Taiwan Wireless project.
SE-EMCOM got an Operator License, and blew it up such that they
are going to wire up the whole of Taichung and then Taipei.
Merchants monthly rebate were supposed to come from profits
generated from EMCOM business.
That of cos have been proven a fake. (the same could be said to
be happening in Empire Venture. They purchased a small plot for the
SOHO building, and then declared they are going
to reclaim a huge piece of land from the sea to build a
Global Village, a 2 19 storey service suites bldg, 1 hotel and a
convention centre)
In 2007, Emall & Emcall came into play.
SE Merchants now is supposed to get their rebates from 10% of
emall global sales turnover.
Now Mathematics, Internet traffic monitoring tools and Time
has proven Emall to be unable to supply that kind of rebates.
The suspension of Emall the last few months and yet the
continual payout of rebates to overseas merchants have proven that
the source of rebate doesn't come from there.
The 4 year plan for Emcall supplied by SE does not come with a
contract for the Merchants. Even if the Emcall rung true, then
SE Merchants, especially our friend who owns 128 GPs = S$1.2
million dumped in, has acually purchased a more than $800,000
worth of callback system, that will expire in 4 years, whether he
used them or not.
During the CAD freeze, a notice at the SE counter stated that SE
is not obliged to refund anything back once the Merchant wants to
close the account.
By the same reckoning, Should SE suddenly close down (the
current recession is a good reason to declare closure) all monies
will be gone.
The reason why we ask why the money for the rebates come from,
because of the monthly payout is now based not on some
structured figures that financial market forces can monitor.
They are based on an illegal pyramid scheme of using money from
new members to pay the old.
They are based on the grace of SE, and whoever holds the SE
reins.
PERIOD.
