In the media tomorrow, you will read in the media how 15 professionals had invested over RM350,000 in reverse osmosis (RO) water vending machine businesses which promised Guaranteed Capital Returns within 3 years and minimum monthly income of RM1,500 per month. You will also read how these companies overpromise and ultimately under-deliver their fantastic income projections and investor perks during their sales pitches.
Legit businesses or avenue for another financial scam? At least two of the bigger companies have won numerous awards and have been featured in the media for outstanding business achievements. But do awards tell the whole truth?
I think not.
So why am I suddenly rambling about the water vending business? Because I am one of the many investors sold to the promise of passive income and fuss-free investment (or so we thought). Reality rears an ugly head. I will elaborate more tomorrow. Today has been a day of discussions with the Public Service and Complaints Dept, press conference with the media and filing of police report. It’s been exhausting. This does not include my day job!
Leaking like a leaky faucet.
