Thread: The bank is a natural course of action

If Pips is a debt free organisation, then, in debt or not, the most
natural course of action to take in the event of severe problems
is to involve the bank.

Many people - many members, may not understand this, but
anyone with experience of managing a limited company knows
this - it is customary to involve the bank when you want to
re-organise, especially finance - and most especially in this
case because of the way international banks have been treating
Pips in respect of paying members.

Think about it - doesn't that make sense?

Personally, I think there's more to this than meets the eye - I am
thinking that BM has been strongly advised to do precisely what he
is doing right now - AND, that a plan has been put together with
the help of others.

callum, I hope you are right.

The problem is that there are too many people with self interest stirring the pot, and wanting to create unrest. It is very difficult to know what is true or false information.

My gut feeling is that all is not lost.

I think all the problems that Banks have caused to Pips soon or later what just happened was a natural course of how the all system works .


Now the problem is : does Pips will prove to the Banks that all is in order to be taken seriously by International Financy or not .

At the actual situation I am not pro or against, next week sure we will know the answer.




W.

Originally Posted by callum

If Pips is a debt free organisation, then, in debt or not, the most
natural course of action to take in the event of severe problems
is to involve the bank.

Many people - many members, may not understand this, but
anyone with experience of managing a limited company knows
this - it is customary to involve the bank when you want to
re-organise, especially finance - and most especially in this
case because of the way international banks have been treating
Pips in respect of paying members.

Think about it - doesn't that make sense?

Personally, I think there's more to this than meets the eye - I am
thinking that BM has been strongly advised to do precisely what he
is doing right now - AND, that a plan has been put together with
the help of others.

Although I respect your point of view, I don't agree with you since PIPS is not suppose to have debts(except to the members) so banks are involved because of fraud problems and because of management putting their hands in the sand for too long regarding transparency in the business world.

banks are involved because of fraud problems and because of management putting their hands in the sand for too long regarding transparency in the business world.

Yes agree 100%.

Bryan previously confirmed that we act as the Bankers for Pips. Pips dosen't borrow from the banks, thus it has no liabilities or debts, and each sibling company is totally independant of the others thus if one fails for any reason it has no effect on the.

The invlovment of Bank Negara is to evaluate Pips Inc as part of the restructure process. That is a requirement of Malaysian law.

There is a claim that Picpay is millions in debt, I cannot see how they can be in debt as they r simply a payment platform whose purpose is to convey AF from ur Pips account to ur bank account.

Originally Posted by roshenco

Bryan previously confirmed that we act as the Bankers for Pips. Pips dosen't borrow from the banks, thus it has no liabilities or debts, and each sibling company is totally independant of the others thus if one fails for any reason it has no effect on the.

The invlovment of Bank Negara is to evaluate Pips Inc as part of the restructure process. That is a requirement of Malaysian law.

There is a claim that Picpay is millions in debt, I cannot see how they can be in debt as they r simply a payment platform whose purpose is to convey AF from ur Pips account to ur bank account.

They are in dept to us!!!!!!!!!!!!!!

Originally Posted by irish

Originally Posted by roshenco

Bryan previously confirmed that we act as the Bankers for Pips. Pips dosen't borrow from the banks, thus it has no liabilities or debts, and each sibling company is totally independant of the others thus if one fails for any reason it has no effect on the.

The invlovment of Bank Negara is to evaluate Pips Inc as part of the restructure process. That is a requirement of Malaysian law.

There is a claim that Picpay is millions in debt, I cannot see how they can be in debt as they r simply a payment platform whose purpose is to convey AF from ur Pips account to ur bank account.

They are in dept to us!!!!!!!!!!!!!!

So ur saying that the millions of dollars of debt is the value of the still pending withdrawels?.

Those people who claim pips/picpay is indebted are not aware that the funds awaiting and the real debts are that the pending withdrawals .

simply a misunderstanding ., pips purchased properties recently just b'coz to cater malaysian compromise as they would have signed giving raise to the malaysian economy through their presence as an offshore organisation performing in malaysia.

That's why those assets are purchased and buying on sharon's name has a value inside sharon is a malaysian.

If Bryan has proposed to move away not a single penny will be left in malaysia.. I hope people with nous can understand this factor.

so don't worry about people who are saying pips/picpay are indebted .

They are unaware.

ever friendly
swami nair

Originally Posted by nair

Those people who claim pips/picpay is indebted are not aware that the funds awaiting and the real debts are that the pending withdrawals .

simply a misunderstanding ., pips purchased properties recently just b'coz to cater malaysian compromise as they would have signed giving raise to the malaysian economy through their presence as an offshore organisation performing in malaysia.

That's why those assets are purchased and buying on sharon's name has a value inside sharon is a malaysian.

If Bryan has proposed to move away not a single penny will be left in malaysia.. I hope people with nous can understand this factor.

so don't worry about people who are saying pips/picpay are indebted .

They are unaware.

ever friendly
swami nair

Sorry Swami Nair, but i didn't quite understand what you are saying..the money for withdrawals is there?