Thanks for the insight. Yes, it would be good if MAS has more regulations in place for such “unregulated” products.

Hi Dorai,

I think until the court investigates and find out more details, we should refrain from passing any judgement about which company is really at fault.

when I attended the Oilpods seminar 2 yrs. ago my friends said jokingly better invest in Shitpods……now I know the meaning!
will MAS , CAD probe further?…if Oilpods is a Singapore Registered company or any comments?

thanks for the research -

the problem in most alternative investment product issuers is that due diligence is really really weak or non existant. If cash flow problems started after they stopped selling interests we are not talking of the same cash flows: I look at operating cash flows.

Coming from a PE background and being in oil&gas when i saw what OilPods were trying to do, I clearly asked all management agreements … and 3D seismic reports .. much to my chagrin nothing was provided. Investors have a right to ask such information and be properly advised on that and those advising should be liable. These are marketing material which should have been provided by OilPods.

The promoters of OilPods had no background in oil & gas, even less in structuring financial products - but in times when financial institutions rode on the momentum and actually had little clue on fundamentals ( bankers who talk about P/E ratios should be lined up and hung in public for being frauds) it was frightening that industry professionals (not fin advisers or bankers) are not properly consulted - they are an upfront cost but at the end of the day these costs can save … well millions.

Clearly the MAS needs to look into this -
sad fact is the same sales guys will be scott free and just change their hat and be selling other products…

alamaaaa

Good Show!
Fantastic Educational piece of information !

So Oilpods & Oilestates = 0ilbubbles??? ……….Laurence is right in that sense about Twice Bitten, can Die.
Dumb Oil and go for Alternative Energy is the best investment to my thinking.

I just posted the latest update on this saga:

http://www.lioninvestor.com/oilpods-receiver-updates/

Thanks for sharing!
Investors beware “CAVEAT EMPTOR” applies!!!

Your point of view is great!and relevant
yes! better invest with SPC then Oilpods….I believe some investors are still waiting their for their so called dividents…..and to make matters worst OIL PRICE seem to decline so what do we have ……………..CRACK-POTS!!!