Media Report: Singapore Bank closes Accounts of Speak Asia. Probably It’s right time to withdraw any cash if you can!!
In the first part of this post I mentioned that SpeakAsia is Weak in various points. In this point I would like to mention some point in which SpeakAsia is stronger.
- Speak Asia has bigger panelist base than ever.
- The site is paying the income to panelists. Even after the controversies the company strengthen its position in market and “Fighting Back”. So, the motive may be to play long.
- After the reports from Star News and Aajtak, They have taken some serious steps regarding company’s policy. They are sending regular updates via Video Logs, SMS and emails to their panelists.
- They actually pay less if you compare your input vs output. How? They say panelist must have to pay for Ezine magazine to take participate in paid surveys, and they charge Rs. 10,000 (In a few days, they will charge about Rs. 14,000) and pay you back 52,000 (Rs. 52x2x500) So they really takes a lot of money more than 25% of your income.
- The company has now its CEO, Mr. Manoj Kumar, which will increase trust on the company.
- People are still investing money, after the HT Today, Aaj Tak and Star News Reports.
What should be done?
- If the company is looking for bright future, It should be registered in India as PVT. LTD. and produce some legal documents to main stream media.
- Their should money back option. (I believe that it will not be practical since most panelist have good faith in Speak Asia Online, still after all the controversies.)
- It is now more than 8 months the company have appearance in India, but they have not told about their clients.
A few words to the investors:
May be, I don’t know a lot of about the company but One should be careful while investing. It may be like gamble, You can win a huge sum or lose all your money. I some guys who have takes risk of a huge sum and invested about Rs. 90,000. Good luck to all the panelist and Speak Asia Online for their bright future.
What ever the company will be in future, but its true it is going to make history either in SCAM or in MNM.
[Disclaimer: I am not a part of speak asia till now, but join someday. So, it is also clear that I am not against the company. This topic is based on the news channels report, online web contents and some research. If their will be more interesting turning point, I will be happy to inform you!]
From another blog: Digital Inspiration