I find it strange is that why everyone is making such a big fuss
over personal attacks. How you decide to react is entirely up to
your own judgement. No point getting worked up.
MLM is an industry to stay, whether you like it or not. However, I
guess plenty of goverance and legislation would be needed to ensure
the proper development. See how the trade of insurance have changed
throughout the years.
With the case for Sunshine Empire and EGA, no point pushing and
shoving around verbally. Facts should be shown and facts are facts.
They cannot be wrong unless there are concrete evidence. Thus
flaming alone will not change those facts.
Fact 1
NTI has been renamed Sunshine Empire.
HBCI has been renamed EGA
Thus, both NTI and HBCI should not be reflected under the group of
companies under EGA.
Fact 2
As of the last check, EGA's shareholders are not shareholders in
Emcom or SE. Thus the claim of EGA having SE and Emcom as
subsidiaries are baseless. How to check? Go ACRA and do an enquiry.
Pay $5.20 and you have your answer. Want more information? Pay more
and you can see more.
Fact 3
EGA's paid up capital is $100k. Emcom's paid up is $2m. SE's paid
up is $150k. Don't you find it interesting that a company with
$100k paid up should be an owner of a $2m paid up company?
Fact 4
The marketing plan requires you to at least join as a Bronze Member
(BM). If my sources are correct, the value is US$280. With a
membership, you can then decide to stay there or upgrade to a
partner level. The most common is the GP or Gold Partner costing
US$6900. That aside, I was told by a Business Development Manager
from SE that I can already enjoy my commission payback even as a BM
by getting another BM to join under my wings. Those familiar with
the MLM Law in SG would be able to detect what is wrong.
Do make your own judgement even when you read the points I made. If
you feel that I may not be making right statements, please feel
free to drop by their company to ask for yourself. Nothing beats
finding out the information yourself.
Please note that I am not advocating that the business is
good/legitimate/scam/etc. I made my own judgement call with
information that I have found. You should make your own judgement.
Do a due diligence check. Imagine if you are going to start a
business, a businessman would do as much checks on the industry and
stuff before deciding on his next step. Same goes for MLM.
