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Day 23 - PRINGLES A SCAM?
Pringles
1420g in Factories
584 Shares
Rights Issue at 4g/share Finished
Financing Run Evaluated: 2400g
After a successful rights issue Pringles are now managing an overwhelming amount of factories worth 1420g. They issued their first dividends of ~0.17g/share to a total of 100g.
Where are the remaining 1000g from their evaluation?
Some of the gold can be assumed to sit in reserves, but what warrants 1000g sitting in the bank? Shouldn't that gold be used to further investor interests?
In a recent article from Pringles they have announced a change of business strategy. They are attempting to become an investment bank, receiving hundreds of gold from eager savers in exchange for interest.
Lets review their most generous offer:
"100+ gold =14days 7.5% interest PER DAY on the initial funds."
If we invest 100g into their holding, that 100g is locked up for 14 days. Once the 14 days are up, we will get a clump sum of 7.5% of the initial investment back per day. That's 7.5g in profit per day, to a total of 105g in 14 days, with a total sum of 205g returned (with the initial lent sum).
For those wondering, YES this is a ridiculous amount of interest in just two weeks time and it begs the question on how they plan to convert 100g into 205g in just 14 days. It could be a scam, bad business planning or if successful, an impressive feat. This however imposes a serious threat to existing investors and potential customers into the loaning business. Does Pringles really have investors best interest in mind?
Pringles is yet to impress their investors with return on investment.
Is Pringles a Scam?
Though Pringles seems to be running with inefficient business practices and fail to give investors return on investment so far, it's too soon to call Pringles a scam as we have no clear evidence of fraud against investors. Be cautious, It's starting to look more and more like a pyramid scheme.
L inus
I nvestments
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For the people
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Comments (28)
Cykachu98
I dont even know why Linky is trying this hard. Didnt he took the CEO seat in Atlas? Like at this point this isnt journalism anymore its just straight up peddling against any competition....
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26-10-2024
0 Votes
AliNzr_
??
paddling
attempt to destroy
in public
???
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25-10-2024
0 Votes
Shayan
Linky, nobody ridiculing you. Just stating the facts that this article is not as fair as you try SO HARD to prove it is.
You are a CEO of a competing holding "Atlas". Since when a competing CEO is a fair financial journalist ?
Since when Elon Musk can make fair assessments of Mark Zuckerberg?
Anyways thank you for your article keeps the game alive. Wish you the best!
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24-10-2024
2 Votes
Voted by:
LinkyW
Humam. You are confidently incorrect. Name me a single legit stock company that issued shares above market price. You won't because that would be issuing rights at a price above "demand". The market price IS supply and demand... I've made observations based on your own newsletter, the same information anyone who would want to invest has. If that information is insufficient you have a structural communication problem that has nothing to do with my journalistic integrity to do. You are mixing up evaluations with projections.
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24-10-2024
1 Votes
Voted by:
Dr. Humam al-Balawi
If it makes sense ,I am happy. Investment is a risk some people take it some people not ,I understand what you say and is fully respectable
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24-10-2024
1 Votes
Voted by:
Ephy
@Dr. Humam al-Balawi I said the hypothetical explanation you gave makes sense yes but wouldn't say it's enough to invest right now... though I'm dying to just do it to see what happens xD
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24-10-2024
0 Votes
Dr. Humam al-Balawi
I love the way you say "always" but you are so out.
New issued shares price are determined by like 4 or 5 factors. The new issued share price doesnt have a discounted price necessarily as you claim. And thats because of demand, is one of the factors mentioned above.
But since you care only about terms and definitions you learnt thats very much fine.
As for who is trying to rediculate ,you claim you are a "journalist" but you did 0% research about the interest program ,yet you posted an article. Thats top notch journalism . Next subject on your newspaper should be "Katy Perry dyed her hair twice this month" ,is as professional as a financial article by a "journalist" who did 0 research.
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24-10-2024
0 Votes
LinkyW
This is in fact not at all how financing works. New rights issues are always at a discount because otherwise you would just buy it at market price. There was nothing differentiating the two offers though in assets, in fact the new investors single handedly financed everything the company owns and founders/beginners profited off of the backs of new investors. Clear pyramid. Go on Google and see how many stock companies issue share rights above market price. It doesn't exist. You speak so confidently on things of which you know nothing about and then to top it off you try to ridicule me while being wrong. Now because of the lack of efficient stock companies in the game as of yet, you get away with it, people have too much gold they don't know what to do with.
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24-10-2024
3 Votes
Voted by:
Dr. Humam al-Balawi
@LINKYW "Ephy, that is one of the problems. Newer investors paid 4g while initial investors paid 1g. This is not how funding should work." That is exactly how funding works. When the company is new and has nothing as assets /sales etc the first shareholders have way better pricing on the % they want to buy. I mean those are basic things Linky how you specific are saying such things ,is kinda joke.
Btw assets at 1610 right now :)
Also i explained to Ephy on private how we are able to give that interest and guess what ,he was saying is ponzy and now he said it makes sence .If you would have come to discuss ,like you used to like doing ,you would have understood also. But instead you decided to post an article without you being informed and making guesses. Next time as a "financial journalist" you are ,you can always contact me to give you details and not doing guesses but talk with actual facts
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24-10-2024
1 Votes
Voted by:
Zhaturin
6. Exploiting other players and being exploited is forbidden.
a. The Eclesiar team is not responsible for any lost items, gold, currency, military units, or companies due to scams
It's not okay for them to exploit players, but it's also okay in the rules to scam players. So they are running a legitimate scam scam business.
XDDDDDDD
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24-10-2024
2 Votes
Voted by:
trimmarN
Marg bar Khamenei!
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24-10-2024
1 Votes
Voted by:
jasko
"be a human and have morals" bahaha
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24-10-2024
2 Votes
Voted by:
LinkyW
Everything in this article is a real concern in regards to your holding. I am not infringing in any way on how you operate, only questioning the viability of it and the tactics you use, completely within my responsibilities as a financial journalist. In no sense have I been teasing or embellished any of the information. I attempt to entertain my audience however, since I'm using an entertaining media. I have informed my readers as well. Not only have you been misquoting me several times in your comments but used countless fallacies in your argumentation. Red Herring in focusing on one very particular phrasing of my text that you misinterpreted and focused solely on while my text was broader than that. Bandwagon fallacy in suggesting because people want to buy your shares; it's a good company. Strawman fallacy for painting a picture of me that I do not stand by myself. Ad hominem for attacking me as a person instead of my arguments. The list goes on. I think the people who need to watch how they speak are you. You do not argument with logic, instead attack and ridicule. I will continue to scrutinize your company, and hopefully in the future I can make an article about how you succeeded despite all warnings signs, until then, I will advise my readers the extensive knowledge of stock market analysis that I possess.
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24-10-2024
4 Votes
Voted by:
Shayan
Well if that's the question then there are profits, our main shareholders decided by a vote that we use them for further growth and upgrades rather than just paying dividends. If that answers your question.
Ofc holding operates the way executives and shareholders decide to operate not how you like them to operate.
Also about propaganda claim. Absolutely seemed like it, when yourself suggested you use "teasing" or as you say "entertainment language" to attract people to read your articles. But on a topic like this you should be more careful how you pick the words imo. You could say, "the company value is projected at 2500G, but still has 1000G less in hard assets". Or something like that. Not "where is the 1000G!".
Anyways I think you got your answers here. There is profit. There is strategy, and there are enough demand for shares we can't even fulfill right now. Enough that we "ourselves" are sending messages to people to buy their shares.
That should tell you something about the holding.
I hope to see atl-least more fair or careful wording next time, and not use any kind of statement just for entertainment purposes.
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23-10-2024
1 Votes
Voted by:
LinkyW
Ephy, that is one of the problems. Newer investors paid 4g while initial investors paid 1g. This is not how funding should work. They evaluated company at 2400g per share for new investors. Therefore their evaluation of the company as a whole is 2400g. Of course potential is included with this, but they themselves are suggesting that time flies fast in Eclesiar, yet has not shown their potential to these investors yet. This is what I'm questioning. Setting an increasingly higher price on rights issues without assets or profits to back it up too has the multi media marketing approach that is not a proper business approach.
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23-10-2024
0 Votes
Dr. Humam al-Balawi
Lets close the discussion ,since seems we cant communicate properly. We didnt gave a period of time for the evaluation of 2400g ,so lets say that an answer of yes or no cant be given until the holding closes or reaches there. What i will say before i finish discussion is that pringles got 60% profit up to now on the total gold raised. So i think thats enough to answer for everyone that is worried.
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23-10-2024
1 Votes
Voted by:
Ephy
Remember first share issuing was at 1g/ea not 4 so that drops your evaluation. I don't really believe in the bank but the holding looks fine to me
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23-10-2024
0 Votes
LinkyW
Again. I think there is a misunderstanding, perhaps its my communicative skills. I'll answer several of the comments now. Noone except for you have brought up real life, not sure where you got the idea that anyone else was speaking of real life. A propaganda claim without any indications of what the propaganda is for is an empty statement and is being responded to as such. In regards to the 1000g evaluation, I'm speaking figuratively which perhaps I'm at fault for. I try to make my articles informative as well as entertaining, so perhaps some of the undertone is not well translated between me and my text, as well as language barriers. Figuratively, I'm asking the question on whether the evaluation of 2400g was justified, and my stance in the article was no since there is little to show for it for investors, now considering you are ready to give hundreds of gold to lenders in return for short term loans, you are indicating you can earn a big amount of gold in a short period of time, the previous numbers aren't aligning with this. I have not been sarcastic in any of my responses, and perhaps I misunderstood your comment. You are saying you have 1000g or near it, worth of supplies? That would definitely justify the 2400g evaluation. Yet, why are there 1000g worth of supplies in your storage if I interpreted you correctly? I use the information given in your latest article and what is publicly available. You are asking investors and customers for a lot of trust, while simultaneously ridiculing and belittling anyone who opposes you. The new lending system together with the clear aggressiveness from you is my biggest concern which is why I advocate for investors and potential consumers to be careful.
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23-10-2024
5 Votes
Voted by:
Dr. Humam al-Balawi
Also I understand you aren't aware of our deals our agreements our storage and what items we got. If you want transparency you know I am very much open to you and you can ask me whatever you want. I can even tell you when we are planning to reach our target and not ask "Where are the remaining 1000g from their evaluation?" as the most fishy question you can make :)
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23-10-2024
1 Votes
Voted by:
Dr. Humam al-Balawi
There is no 900g missing from the evaluation. You can't say missing on something that was never there. Evaluation is either the actual value
OR the projected value of the company. If you are discussing about value ,yes the value comes at 1500g right now+100g dividends. I think you misunderstanding the terms. U are using wrong words and I am trying to understand your reasons.
The company from the shares has received 1100g that around 50-75g was used for printing. So the holding has assets of 1500g (and no buddy I told you clearly 4 storages now you want to be ironic for some reason) while the gold we had was 1025-1050 for assets investments. Also we shared 100g dividends. So from the 1025g to 1050g we have a profit of 550-575g in assets and dividends. I am not even calculating our gold in the bank or the items in the storage. So yeah we are on track on reaching the evaluation we gave and up to now we got more than 50% profit on the total gold. (With storage items goes above 60%).
We are heading there, if someone doesn't believe In what we do and has invested with us ,we are more than happy to buy their shares
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23-10-2024
1 Votes
Voted by:
Shayan
Now your articles are more propaganda than analysis! You said it like there are 1000g in the bank right now that Pringles didn't spend. I believe you know what you are doing here. Cause not everybody will go deep and calculate what you said, they go ahead and say where is the 1K????
About the interest on loans it depends if you really have the profits or you don't. As Dr. said, it's not real life here. Days, timing and profits are different. And we will try different way of business and test them.
Lastly, everybody thinks it's a scam I'm more than happy to buy their shares and we have teaaaam of investors ready who are more that happy to buy the shares! You just need to contact us.
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23-10-2024
1 Votes
Voted by:
Ephy
I can't believe in the new bank system not being a Ponzi. Still hope that with the assets invested the main holding will be legit...
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23-10-2024
2 Votes
Voted by:
Ordek
I believe what is trying to be said here: from the time Pringles was founded until now, are those factories still worth 1420g?
Are they producing enough to still be worth 1420g?
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23-10-2024
2 Votes
Voted by:
LinkyW
Dr Human. I think you misunderstood the point. There's a 1000g missing still from your evaluation after weeks have passed. I as well as my readers understand there isn't 1000g in your coffers.
Though supposedly you spent thousands of gold on storage space?
Instead of ridiculing the claims, approaching the idea that you can double lenders money in 2 weeks time might be more trust inducing.
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23-10-2024
5 Votes
Voted by:
Dr. Humam al-Balawi
1500* gold
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23-10-2024
1 Votes
Voted by:
Dr. Humam al-Balawi
Could be interesting arguments,but aren't because that's not how business works.
Evaluation doesn't mean that the company ever had the money of the evaluation.Evaluation is what the investors believe that the company is worth. I can go and say share should be 200g ,doesn't mean that I got the money for 200x584 for example.
So the company doesn't have the 1000g that are claimed above that we keep in the bank.
Pyramid or Interest.
Pringles never announced we change business ,we announced we add that part of business.
Pyramid and ponzy scheme as Nashura claims ,is a company that doesn't stop receiving money from people and giving ridiculous interests back. We on the other hand we have 300g Cap on that so we can control it and because we have a whole business plan on our minds. I can give you a tip ,go check government laws you will understand what happens.
Lastly ,you are forgetting that here isn't real life ,banks are loaning with better interests in real life ,and S&P500 returns 10.5% per year average. Maybe you shouldn't think that 1 day ingame is 1 day in real life and do the conversion. I mean can a company sell 2500 weps daily in real life ?
PS assets are worth 2500g (4 storage upgrades)
Thank you
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23-10-2024
2 Votes
Voted by:
Nashura
new pringles strategy is clear a ponzy scheme. maybe the very first to put gold in this pyramid will get rich but that interest comes from new investors. when gold income slows down the system will implode
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23-10-2024
4 Votes
Voted by:
Ordek
Interesting arguments, tho.
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23-10-2024
4 Votes
Voted by:
