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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Touchwood Limited - Another "Sakvithi"

Touchwood Limited - Another "Sakvithi"

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1Touchwood Limited - Another "Sakvithi" Empty Touchwood Limited - Another "Sakvithi" Mon May 06, 2013 8:49 am

Sanjayacom


Stock Analytic
Stock Analytic
There are several companies under the name Touchwood. But same bunch of cheaters run these. I saw several spectators commenting FOR Touchwood. But, you better know that the "pain is with the person who has the wound". These people are evading investor's returns giving various excuses.
IF anybody needs evidence of default, I will give them. But wait for the last promise these people gave me. If they breach that too, I would open the eyes of these pandits, specially Hareisha.

Kithsiri

Kithsiri
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
This is worse that the Sakvithi.
I have a very strong feeling that this name crops up in different locations and the way they operate has the prints of one of the the Indian drug barons who is now hiding in Pakistan.
D Company has no intention of paying back anything to anyone but just swindle money only.
I doubt even the courts would not be able to tackle the issue and give a redress to investors.
When India is unable to deal with him, what do you expect us to do.
Good luck to those who have invested in this bogus company. Shocked

3Touchwood Limited - Another "Sakvithi" Empty Re: Touchwood Limited - Another "Sakvithi" Mon May 06, 2013 10:59 am

Sidath

Sidath
Manager - Equity Analytics
Manager - Equity Analytics
still flogging this dead horse?

4Touchwood Limited - Another "Sakvithi" Empty Re: Touchwood Limited - Another "Sakvithi" Mon Jun 10, 2013 11:34 am

Sanjayacom


Stock Analytic
Stock Analytic
@Sidath wrote:still flogging this dead horse?

Sidath, this is to keep innocent people aware of these scams. Twood still canvass biz from Sri Lankans. I think its our duty to stop others falling into trouble like us.

5Touchwood Limited - Another "Sakvithi" Empty Re: Touchwood Limited - Another "Sakvithi" Mon Jun 10, 2013 12:52 pm

Lord Toad


Equity Analytic
Equity Analytic
TWI have walked away from their Thailand investments owing about $80 million. In fact Touchwood Investments never owned any part on of the TFC (the Thai forestry company) although they were listed as promoters of the scheme. It was all in the name of Roscoe Maloney - the much pictured Chairman.

This was received by an investor who has a clear claim (from the contracts) against Touchwood Investments PLC.

Please note of the last email sent by Jeffrey Ebert (in late may):

Dear ........................

Trust that this mail finds you well. With regards to your investment and the subsequent payment plan given, I know this has been another fail promise to you. In the past few days we have got many legal opinions with this regard, when i say we i am referring to Touchwood Investment PLC Sri lanka (TIPLC). According to the legal advise and the regulators that govern this organization we are not authorized to pay any Agarwood returns. This is against the law that governs this company, since this is a Thailand based investment done by Touchwood Limited (TL). Hence the arrangements made after series of meeting with the directors of TL is the disposal of a assets held under TL for the settlement of Agarwood clients. The sale of these assets according to the directors of TL will take up to 3 - 4 months to be in the safe side. The truth of the matter is untill this has been settled and funds are raised there is no other means of payment for TL.

However, the assurance of selling these assets is a obligatory requirement at this point. in the meantime, i am yet to get a confirmation from TL with regards to how we could make settlement for the payment plans given, over next few days we should have a positive answer to this.

Thanks
Jeffry Ebert

6Touchwood Limited - Another "Sakvithi" Empty Re: Touchwood Limited - Another "Sakvithi" Sun Jun 30, 2013 11:57 pm

Sanjayacom


Stock Analytic
Stock Analytic
@Lord Toad wrote:TWI have walked away from their Thailand investments owing about $80 million. In fact Touchwood Investments never owned any part on of the TFC (the Thai forestry company) although they were listed as promoters of the scheme. It was all in the name of Roscoe Maloney - the much pictured Chairman.

This was received by an investor who has a clear claim (from the contracts) against Touchwood Investments PLC.

Please note of the last email sent by Jeffrey Ebert (in late may):

Dear ........................

Trust that this mail finds you well. With regards to your investment and the subsequent payment plan given, I know this has been another fail promise to you. In the past few days we have got many legal opinions with this regard, when i say we i am referring to Touchwood Investment PLC Sri lanka (TIPLC). According to the legal advise and the regulators that govern this organization we are not authorized to pay any Agarwood returns. This is against the law that governs this company, since this is a Thailand based investment done by Touchwood Limited (TL). Hence the arrangements made after series of meeting with the directors of TL is the disposal of a assets held under TL  for the settlement of Agarwood clients. The sale of these assets according to the directors of TL will take up to 3 - 4 months to be in the safe side. The truth of the matter is untill this has been settled and funds are raised there is no other means of payment for TL.

However, the assurance of selling these assets is a obligatory requirement at this point. in the meantime, i am yet to get a confirmation from TL with regards to how we could make settlement for the payment plans given, over next few days we should have a positive answer to this.

Thanks  
Jeffry Ebert


Poor Jeff, goes shopping for crooks.

Humble


Manager - Equity Analytics
Manager - Equity Analytics
Some people seem to spread rubbish about Touchwood so that they can collect at 4.20 and sell at 7 Very Happy

Yes - Touchwood does have some problems but they are mostly to do with accounting practices - I dont think that they are crooks and I dont see any problem with buying the share at these levels since it has a NAV of 28. If they had a problem in Thailand or any other country in the region, it would have been announced and measures would have been taken about it by the authorities of that country. Dont listen to people who have no proof. If they do have proof, I will listen. Im not saying that Im entirely sure that they are 100% clean - but do your own research, people!

8Touchwood Limited - Another "Sakvithi" Empty Re: Touchwood Limited - Another "Sakvithi" Mon Jul 01, 2013 11:00 am

Lord Toad


Equity Analytic
Equity Analytic
@Humble wrote:Some people seem to spread rubbish about Touchwood so that they can collect at 4.20 and sell at 7 Very Happy

Yes - Touchwood does have some problems but they are mostly to do with accounting practices - I dont think that they are crooks and I dont see any problem with buying the share at these levels since it has a NAV of 28. If they had a problem in Thailand or any other country in the region, it would have been announced and measures would have been taken about it by the authorities of that country. Dont listen to people who have no proof. If they do have proof, I will listen. Im not saying that Im entirely sure that they are 100% clean - but do your own research, people!

If you want proof read our website
The maloney's are incapable, arrogant and almost certainly crooked as well.
Invest away and lose your money as thousands have in Thialand

9Touchwood Limited - Another "Sakvithi" Empty Re: Touchwood Limited - Another "Sakvithi" Mon Jul 01, 2013 11:09 am

Humble


Manager - Equity Analytics
Manager - Equity Analytics
@Lord Toad wrote:
@Humble wrote:Some people seem to spread rubbish about Touchwood so that they can collect at 4.20 and sell at 7 Very Happy

Yes - Touchwood does have some problems but they are mostly to do with accounting practices - I dont think that they are crooks and I dont see any problem with buying the share at these levels since it has a NAV of 28. If they had a problem in Thailand or any other country in the region, it would have been announced and measures would have been taken about it by the authorities of that country. Dont listen to people who have no proof. If they do have proof, I will listen. Im not saying that Im entirely sure that they are 100% clean - but do your own research, people!

The maloney's are incapable, arrogant and almost certainly crooked as well.
Invest away and lose your money as thousands have in Thialand

Yes but there are no external sources. Only some random blogs that anyone can put up. If there were so many problems, why arent they available from credible news agencies such as Thai newspaper websites or Banking authorities?

10Touchwood Limited - Another "Sakvithi" Empty Re: Touchwood Limited - Another "Sakvithi" Mon Jul 01, 2013 11:38 am

Lord Toad


Equity Analytic
Equity Analytic
[quote="Humble"][quote="Lord Toad"]
@Humble wrote:Some people seem to spread rubbish about
Yes but there are no external sources. Only some random blogs that anyone can put up. If there were so many problems, why arent they available from credible news agencies such as Thai newspaper websites or Banking authorities?

Mainly because the Thai press are useless and the Thai who have taken over - and are trying to steal the assets that are left - do not want publicity.
But watch this space - legal action is in the pipline
I also believe that Touchwood Forestry Ltd have instigated proceedings against The Malonoy's
They are after 330 million Baht I think which is $11 Million.

If you read the website you would see other sources

11Touchwood Limited - Another "Sakvithi" Empty Re: Touchwood Limited - Another "Sakvithi" Mon Jul 01, 2013 11:43 am

Humble


Manager - Equity Analytics
Manager - Equity Analytics
@Lord Toad wrote:
@Humble wrote:
@Lord Toad wrote:
@Humble wrote:Some people seem to spread rubbish about
Yes but there are no external sources. Only some random blogs that anyone can put up. If there were so many problems, why arent they available from credible news agencies such as Thai newspaper websites or Banking authorities?

Mainly because the Thai press are useless and the Thai who have taken over - and are trying to steal the assets that are left - do not want publicity.
But watch this space - legal action is in the pipline
I also believe that Touchwood Forestry Ltd have instigated proceedings against The Malonoy's
They are after 330 million Baht I think which is $11 Million.

If you read the website you would see other sources

I did read your website and didnt find a single credible source.

12Touchwood Limited - Another "Sakvithi" Empty Re: Touchwood Limited - Another "Sakvithi" Mon Jul 01, 2013 11:47 am

rainmaker


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Funny that you mention 11 million dollars.... that's the amount PLC is looking for from Maloney to help CIFL

13Touchwood Limited - Another "Sakvithi" Empty Re: Touchwood Limited - Another "Sakvithi" Mon Jul 01, 2013 12:03 pm

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics
There is a very bad reputation growing toward Sri Lankans among the forest investors and their families in Thailand due to this TWOD case. Sri Lankan + "crooks " word is used.

This is very bad for our country. SEC should investigate and clear his name or take action if found wrong.

Who is this Maloney fellow ?
Is he a Sri Lankan ?

Those days, when they initially started this business in SL, we were told that he was a reputed expert came from abroad (HK or somewhere) and married a SL girl called Swarna.

Now he pose as a Sri Lankan to Thai community.

For any Thai person reading this : Maloney is Not a Sinhalese or Buddhist name.
After this Touchwood only we got to know this fellow / name.
Internet says: Maloney is a surname of Irish origin.

14Touchwood Limited - Another "Sakvithi" Empty Re: Touchwood Limited - Another "Sakvithi" Mon Jul 01, 2013 1:52 pm

Lord Toad


Equity Analytic
Equity Analytic
[quote="Humble"]
@Lord Toad wrote:
@Humble wrote:
@Lord Toad wrote:
@Humble wrote:Some people s

If you read the website you would see other sources

I did read your website and didnt find a single credible source.

Well if that is the case no worries invest ahead but don't blame e when in goes tits up

I have details of 200 plus contracts involving about $6 MILLION of people who want their money from Touchwood - but no fear they are all a figment of my imgination.

I suspect you are a troll so troll away!

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