Swisscash Phase 1 Update : WITH THE PARTNERSHIP OF ASIA PACIFIC CAPITAL AND SUN FINANCIAL SYSTEMS

SWISSCASH RELAUNCHING ITS PHASE I WITH THE PARTNERSHIP OFASIA PACIFIC CAPITAL AND SUN FINANCIAL SYSTEMS THE NEWS IS AMBROSIA FOR THE DYING INVESTOR OF SWISSCASH/SWISSMUTUALFUND.

Addressing the community of Swisscash Investors Michael Mansfield, ex-CFO of Swisscash and Hector W.Sidberg, Group Partner Representative through Swisscashguide website, once again assured that Swisscash is neither gone nor they are run away.
Earlier Mr. Mansfield promised that Swisscash would return in 9 phases. Now the Phase I of that assurance is going to take a shape and the US investors may see their sites from 15th October 2007 again after a span of 55 plus days.
They have given 31st October 2007 for the investors of Asia (excluding Malaysia where currently the civil case is pending), Middle East and Africa as well 15th November 2007 for European and Australian investors to get back their websites.
Further, this Phase I is for Collecting Historical Data & Initializing Websites only. Now, we do not know whether the monies are lying within the sites and whether they allow the investors to withdraw the epoints from their ebank accounts because according to the technical team much of the data is ‘corrupted’ due to ‘legal forces’.

The profiles of ASIA PACIFIC CAPITAL INVESTMENT LIMITED (APC) and SUN FINANCIAL SYSTEMS are little known. May be these are de-listed companies and managed by their parent companies as a part of the group concerns.The message was silent in providing the profiles of these new partners. Now it is to the guess of the investors. If the APC belongs to the Asia Pacific Capital Group, a Hong Kong based asset management company that was established in 1992, and then the chance of swisscash’s revival would be high.

The APC Group is headed by Ashok S. Kothari and W. Gage McAfee as Managing Directors.
If it were the new partner then to some extent the original Swisscash investors would be bailed out the loss of their investment. And the legal battle with Malaysian Securities Commission may not have much impact on majority of the Asian and especially the Indian investors.Asia Pacific Capital (HK) Ltd. and the Managing Directors individually are registered with and licensed by the Securities and Futures Commission.

Asia Pacific Capital also holds a SEBI approved FVCI license for investment in India. It is to be remembered that both Reserve Bank of India and SEBI were silent till today without expressing their view on the legality of Swisscash in India. If APC becomes the new partner and the Plans of original Swisscash are modified, Swisscash may not be the subject of illegality in India However, since the above-mentioned companies like Asia Pacific Capital Investment Limited and Sun Financial Systems were not having enough data in the web, we doubt that these companies may be fake ones. The names sound and logos resemble the flagship companies like APC and Sun Microsystems. These companies are authentic and genuine and involve in similar activities like corporate finance and financial system providers. Until and unless something comes from their parent companies, it is still a challenging task to believe.

Surprisingly, another Asia Pacific Capital that claims to be established in 1982 providing asset management and other services from Los Angels and Taipei give little thought. It is headed by Mr. Richard Alter and Mr. Eddy Chao.
Now, which one, Asia Pacific Capital (HK) Ltd of Ashok S. Kothari or Asia Pacific Capital of Eddy Chao, is associated with Swisscash?

Swisscash says that it is restructuring the group activities in order to cope up the present legal crises. If the Swisscash goes into partnership and comes out legal several thousands of investors from all over the globe feel a sigh of relief.
Anyhow, it is a good sign for the Swisscash investors to hear such news after long silence.

Source : http://www.swisscash.web.id/swisscash-phase-1-updates/