Omg tried to withdraw money from chocolate finance cannot immediate withdrawal. Say need up to 10 working days to withdraw

[Visor9999]

Looks like Choco Finances is not the same league as HL finance

Difference is huge; just like the difference between online betting sites vs legit casino

 

[Visor9999]

10 days?

Ibkr is like 2 business days lol

I would seriously question the liquidity

The 10 days is for them to file bankruptcy?

 

[icebleue]

CEO still around not? In Singapore or left airport already?

 

[WWH123]

YT still showing their ads.

 

[speedsonic]

3.3% only, need to spoil reputation to bank run, zun bo?
this is ridiculous and they should still be in gain if 1 1.

 

[Atrina_Boy]

This Company just set up in July 2024.

Are they under regulation of MAS?

 

[nEoN]

chocolate.... same colour as what you see in a toilet bowl.

 

[Acetone]

This satki guy predicted it all in July 2024

http://dividendpassiveincome.blogspot.com/2024/07/why-i-am-not-taking-part-in-guaranteed.html?m=1

1. Product doomed for failure in event of sudden global interest rate drop to fight recession
I think that it is very irresponsible for financial product designer these days to use "guaranteed high interest rate" for a certain duration to attract investments. No matter what, there is still a lead time between actual collection of funds from investment subscription to deployment into the various auv-component funds constituting Chocolate Finance latest product offering. If interest rates were to suddenly plunge, Chocolate Finance will be dipping into its shareholder fund to compensate investors. Where got business take on excessive risk like that?

 

[Devilsire]

gg, cant imagine such poor PR / marketing move gonna cause them a "bankrun" & how much reds they gonna dived into from selling of funds to meet the withdrawals surge

 

[fire]

“Life is like a box of chocolates. You never know what you're gonna get”

 

[Yuripa]

“Life is like a box of chocolates. You never know what you're gonna get”

Of course lah

You don't open the box first how to know?

 

[letonzy]

gg, cant imagine such poor PR / marketing move gonna cause them a "bankrun" & how much reds they gonna dived into from selling of funds to meet the withdrawals surge

if cf invest in gd quality mmf and short term bond, impact should be minimal.

 

[fire]

Of course lah

You don't open the box first how to know?

That's why I dun want to even get the box, dun want surprises

 

[standarture]

Power la. Whoever sabo them must be damn happy. So easy to tio.

 

[HelloEllo]

Power la. Whoever sabo them must be damn happy. So easy to tio.

Jialat I got money in there. Hopefully can resolve

 

[ee-de-em-dubdew]

https://sg.linkedin.com/in/amelia-tan-8049908b

anyone can access their head of compliance linkedin profile?

 

[speedsonic]

can MAS go cane them?
afterall piyush g also that time

 

[articland05]

"steady lads. deploying more cash"

ceo should put out these reassuring words

 

[harky]

but the ceo is from singlife.
last time also very gd.

 

[Acetone]

https://sg.linkedin.com/in/amelia-tan-8049908b

anyone can access their head of compliance linkedin profile?

Wah… she is in junior roles for 7 years, then 8 years as a manager at Havenport (which is same address as ChocFin), then now become head of compliance.