A large number of returns shareholders can

PERSONS who pioneered the share ownership schemes Virgin Gold Mining Corporation (VGMC) in Singapore since March last year, Haji Abdul Rahim Abdul Jalil, claimed that the majority of the shareholders of 3.000 in the region have received higher returns through dividends respectively.
He said that since the scheme was introduced, the range of shareholders continue to spread to Malaysia, Indonesia, Brunei, Philippines, Thailand, Hong Kong, London and several other countries.
According to him, from the shareholders of 3.000, 1.000 are Singaporeans, with around 70 per cent of the Malays / Muslims.
'Many people think VGMC is an investment scheme. Those who participate actually owns the shares rather than investors.
"Those who join are on their own volition, and only those who wish to participate must be referred by the previous shareholders.
"Shareholders are also given incentives, 10 percent of the cash value of the shares of the new shareholders. That's all, not a chain, such as multi-level or MLM scheme, "said Haji Rahim again.
He found New Straits Times yesterday at the office of a firm in Joo Chiat Complex, where shareholders are often met, especially for information sessions for prospective shareholders.
Touching on the market VGMC pelibatannya after meeting with an acquaintance from Malaysia in March last year, Haji Rahim said: "At first I was skeptical like everyone else because I lot of scams happening here.
"I do research and background VGMC and found no validity. I tried to buy 1,000 shares at a price 80 U.S. cents (90 Singapore cents) per share in April last year and found so profitable.
"My wife and I have offered too much cake. It is delicious and tasty. We wondered why we do not share this cake with the public. Those who ate the cake found it larger and larger.
'Group I more and more to around 3,000 now.'
On the dividend, he said given shareholders a dividend of 0.1 ounces of gold per month for each 1,000 shares held.
Price per unit VGMC shares was U.S. $ 1.25 ($ 1,625) yesterday, or U.S. $ 1.250 for 1,000 shares.
For shareholders who own 10,000 shares, dividend earned is 1 ounce of gold per month, said Haji Rahim.
He added, say an ounce gold price of U.S. $ 1.700, shareholders can change and take a cash dividend of $ 2.210 per month through account at their bank.
'Not true all shareholders get a dividend from 14 to 17 percent per month as reported.This is because the gold price volatility in the market. If the gold price rises, higher cash dividends earned and vice versa, "he said.
Haji Rahim proud because, he said, has many shareholders, consisting of retirees, vendors, former teacher and teacher, just break even in three to six months of receipt of dividend yield.
'There are housewives who earn $ 10,000 a month from dividends received. There is a cab driver who bought shares worth $ 120,000 and earn $ 18,000 a month, "he claimed.
"But this is not a get rich quick scheme. Rather, they are able to increase their income. It is not without risk VGMC scheme and therefore I advised shareholders to remove the dividend each month as a precautionary measure, "he added.