Just got this update from AUSIPIPS
Joined: 29 Jun 2005
Posts: 1
Posted: Mon Aug 22, 2005 1:17 am Post subject: Faizal Confirms PIPS Is Shut Down Pending Banks Decision
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I spoke to Faizal this morning and he confirmed to me that the bank had moved in and "borrowed documents" (his words) and that at the moment PIPS, Pic Pay and Pic Realty are not operating. The web sites are down and staff are not in the offices. Staff were all in the PIPS Bistro awaiting a meeting with Brian. He indicated that the bank had issue with their business practices and a decision on their future would be some time off. It is my opinion from what he did say as well as what he did not say that the program is more likely to fail that succeed. For now all we can do is await the banks decision. He referred to the bank as the "Central Bank" and related it to the Reserve Bank here in Australia and that it had the power to close them down. Obviously those of us waiting for car payments (me included) are on our own.
QUOTED BY BMWM3
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please give me some time today
I will post some moves today But I need some more time .,
Regarding as with faizal I have different opinion ., hahahaah cannot reveal anything ., But remember onething faizal was moved from handling picpay say within three or four months he went away from picpay as management moved him away from picpay.
But what said is somewhat correct about the power of Bank Negara I meant it earlier ., as said it can curb only picpay and not pips and its operations If it curbs picpay it should move away all finances under hold through out within a short tenure and pips will move completely offshore from labuan .,but will continue its operations.Stating the power of Negara is needless., as I meant earlier it can make control over finances in its zone and can do anything as its the supreme authority in malaysia and can curb the activities., so nothing vital in faizal's post just another bloody words if said from faizal.
Don't worry not a speculation ., program failures are not possible with the current ambience ., some may ask a person inside pips and a former manager of picpay reveals means its true .,
what it means with borrowed files.. ahahahah doesn't make sense., handled files is the word or submitted files is the word .,
as said prior without computers what the supports will do in pips .,do answer cold calls from members... I think this is not vital., Gathering staff's at Bistro is what I said prior to some of our pipsters.
Than to open the office without computers and letting people in will make fuzz and make the ambience stringent ., hence it were not opened .
Ohhh god day by day people make the collapse spreading rumours .,
from now I wont answer posts unless I find trustworthy info., the aussie forum began all these havoc., following usa forum ., that what I mean WITH WARREN'S POSTING ...
okay now with the new joke what will u do with picpay withdrawals if u had followed warren.
come on tell me folks..
don't panic wait ., people can post but with clear analysis ..
ever friendly
swami nair
Re: Just got this update from AUSIPIPS
Quote:
Originally Posted by reform
Joined: 29 Jun 2005
Posts: 1
Posted: Mon Aug 22, 2005 1:17 am Post subject: Faizal Confirms PIPS Is Shut Down Pending Banks Decision
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I spoke to Faizal this morning and he confirmed to me that the bank had moved in and "borrowed documents" (his words) and that at the moment PIPS, Pic Pay and Pic Realty are not operating. The web sites are down and staff are not in the offices. Staff were all in the PIPS Bistro awaiting a meeting with Brian. He indicated that the bank had issue with their business practices and a decision on their future would be some time off. It is my opinion from what he did say as well as what he did not say that the program is more likely to fail that succeed. For now all we can do is await the banks decision. He referred to the bank as the "Central Bank" and related it to the Reserve Bank here in Australia and that it had the power to close them down. Obviously those of us waiting for car payments (me included) are on our own.
QUOTED BY BMWM3
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:lol: :lol: :lol: boy oh boy!!! blah blah blah.... 8)
