Changing the GOAL POSTS at the expense of the investors...
Dear Investors of Universal Ventures Inc, USA,
Please post here the doubts and difficulties to get the money that belong to you as investors that is credited in the E-Wallet...
plenty issues to be raised as I go along.
We all want to see the promises fulfilled by UV and not find any excuses to delay or stop payments to investors outside USA..
What good is the Payonner MasterCard?
Here is my write up and subject to views from others:-
I wish UV’s performance would be enhanced for win-win-win
scenario with this blog.
UV’s crisis must be resolved to move on as a global players
in World of Tourism and Travel.
Unless it is resolved fast not in a few months time, it
would be too detrimental to all as the pace of development from investors was
too fast unexpectingly until 31st May, 2013 when the price levels
for each point of entry ranging from classic to universal increased by 50%.
The symptom of an overheat could be felt starting in late April
till early May, 2013 when the changes introduced were to delay payments of
e-wallet to the Investors. So come end
of May into June, 2013 the accelerating momentum of the investment could not
allow UV to breath in term of payment due to the investors accumulating much
than expected in the e-wallet.
Since I joined in as a 3 lots investor on 23 March, 2013,
the changes were observed to delay cash payment via withdrawals in e-wallet.
Many promises were pledge in the beautiful flashy handout
costing RM5 each. Such promises seem to
have been diluted in many ways.
The investors were already at a disadvantage when they got
to pay RM3.5 for USD1 for the investment while the payout is RM3 per USD. When we talk of hundred of thousands of USD
investment, who actually make that cuts.
So the initial payments were partial return of the RM.50 per USD of
initial investment. Investors were made
to do the sacrifice but such initial sacrifice was worth it if the promised
return of 360% in 160 days could be a reality.
Hopefully, it would be fine for all investors outside USA as the problem of the setback
in the USD exchange could be sorted out as soon as possible. Have UV’s top management been successful in
addressing this USD crisis with the closure of Liberty Reserve? I hope UV’s top management would not fail the
global investors supporting UV’s vision and mission in the global context. The hope and not hype of win-win-win of UV’s
investment and role in the global market should be kept alive by all means
available.
The initial unfortunate decline of liquidity of UV can be
observed as follows:-
.
E-Wallet
When I first invested, E-Wallet’s withdrawal was permissible
at USD100 but soon it was increased to USD300, meaning UV was trying to
conserve some liquidity of USD.
Weekly Dividends split into E-Wallet and S-Wallet (1 June,
2013)
The common practice of E-wallet is meant to be withdrawn by
the investors as this money belong to the investors and once the weekly
dividends are split into two pockets when the S-Wallet is not for withdrawal
but for re-investment which can be a counter-productive measure.
Withdrawals further delayed
Withdrawals from E-Wallet with diminished amounts of
dividends was further delayed when the fresh sponsorship was introduced making
most withdrawals from E-wallet stagnant.
When I joined, it was for passive and active options and now it is no
longer attractive as only active option is real. With the introduction of active sponsorship,
I wonder how would the investors at the end of 160 days be paid the promised
return of 360% including the original invested amount.
Also for any investment, a refund of such investment could
be on demand when any investor surrenders prematurely the lot to the UV company
or its local representative. UV should
make provision for such eventuality so that all investors and consumers can be
happy investors. When the lots are
surrendered prematurely, the real value of the investment could be returned without
the appropriate dividends.
Approach by UV on USD
If really there is restriction on the USD leaving USA, it is very unfair that USD going into USA is
unhindered. In the interest of global
market, any such restriction is injustice.
It can be interpreted as a ‘scam’ by the US authorities
and UV is just an inconvenient victim going out to find the global victims to
salvage its own loss. Maybe temporary
set back but for how long? It has been more than 2 months after Liberty
Reserve. The USD payments could be
accumulated too big later for UV to handle if not resolved quickly as 160 days
are approaching fast for matured investment to be released without BV
sponsorship. As promised, some investors
may just want to get out based on the mismanagement of the TOP management as the
LIVEChat is useless at times
Payonner ATM cards
Is this Payonner approach a solution to E-Wallet’s
withdrawal when withdrawal needs prior approval? When Payonner’s MasterCard is empty, why use
for the Investors’ having such cards?.
Charges on withdrawal is too high
Charges on Withdrawal at 5% is too big especially when the
withdrawal is big. I would like to ask
what rational is that big amount of withdrawal would have the need to have such
huge commission / charges? This should
be simply a fixed charge with decreasing percentage of the amount to be
withdrawn. This would attract big
investors as costs of banking or investing is a factor for consideration.
So UV would do better for all globally with improved
measures especially when we look forward to the IPO in the New York Stock Exchange
in 2016 with exceedingly success and possibly a record in the world. I was very much attracted to this for my
retirement.
Joshua Kong
6013-8394513
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