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beaverjuice

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http://news.asiaone.com/news/singapore/california-fitness-branch-raffles-place-closes-until-further-notice

when you have a club run like an MLM business, it is only a matter of time ..... :-\
"A man who has depths in his shame meets his destiny and his delicate decisions upon paths which few ever reach."

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MiaMia

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cali fitness runs like an mlm business? really?

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beaverjuice

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cali fitness runs like an mlm business? really?

it feels likes MLM business ......
"A man who has depths in his shame meets his destiny and his delicate decisions upon paths which few ever reach."

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MiaMia

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it feels likes MLM business ......

why? most members were roped in by referral from existing members? and they earn 100 bucks referral fee?


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beaverjuice

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why? most members were roped in by referral from existing members? and they earn 100 bucks referral fee?

ermmm .... I think maybe MLM is a wrong word to describe their scheme .... more like those Gold investment schemes where they use new investments to subsidize older investors? ??? aka Ponzi scheme?
« Last Edit: July 18, 2016, 11:32:47 am by beaverjuice »
"A man who has depths in his shame meets his destiny and his delicate decisions upon paths which few ever reach."

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MiaMia

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ermmm .... I think maybe MLM is a wrong word to describe their scheme .... more like those Gold investment schemes where they use new investments to subsidize older investors? ??? aka Ponzi scheme?

i'm more and more confused on their scheme now...
anyway my friend is worried TF might offer to absorb their existing members...

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beaverjuice

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i'm more and more confused on their scheme now...
anyway my friend is worried TF might offer to absorb their existing members...

it is not without business case .....
"A man who has depths in his shame meets his destiny and his delicate decisions upon paths which few ever reach."

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MiaMia

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http://www.straitstimes.com/singapore/california-fitness-shuts-remaining-outlets

"One 29-year-old member, who wanted to be known only as Mr Chng, decided to take his complaint to the Small Claims Tribunal yesterday. He signed up for a five-year membership and 80 personal training sessions with California Fitness in January. The real estate agent said he stands to lose an estimated $8,000 should these branches also shut their doors."

never knew they do 5 yr membership one!

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beaverjuice

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http://www.straitstimes.com/singapore/california-fitness-shuts-remaining-outlets

"One 29-year-old member, who wanted to be known only as Mr Chng, decided to take his complaint to the Small Claims Tribunal yesterday. He signed up for a five-year membership and 80 personal training sessions with California Fitness in January. The real estate agent said he stands to lose an estimated $8,000 should these branches also shut their doors."

never knew they do 5 yr membership one!

actually my fren is lifetime membership ........  luckily he got in on the Ponzi scheme early on and already amortize his losses over 10 years ..... only the later members like this fellow you mentioned above got spread-eagled and shafted till his eyesballs pop out ....  :-\
"A man who has depths in his shame meets his destiny and his delicate decisions upon paths which few ever reach."

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Piglet

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they going to close dwn all outlet ar. as they went bankrupt

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chiasmus

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http://www.straitstimes.com/singapore/california-fitness-shuts-remaining-outlets

"One 29-year-old member, who wanted to be known only as Mr Chng, decided to take his complaint to the Small Claims Tribunal yesterday. He signed up for a five-year membership and 80 personal training sessions with California Fitness in January. The real estate agent said he stands to lose an estimated $8,000 should these branches also shut their doors."

never knew they do 5 yr membership one!
Maybe he was in charge of their tenancy and signed up for a long membership as a way of thanking them.
洪荒之力 >> ding ding dong dong pew pew pew pew

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Piglet

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Maybe he was in charge of their tenancy and signed up for a long membership as a way of thanking them.

like How Alice Fong wan the agent to treat them to expensive dinner?

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MiaMia

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actually my fren is lifetime membership ........  luckily he got in on the Ponzi scheme early on and already amortize his losses over 10 years ..... only the later members like this fellow you mentioned above got spread-eagled and shafted till his eyesballs pop out ....  :-\

i'm also on my way for lifetime membership for TF.... but i need to pay for another 3 yrs and probably need to use my 'free' membership for another 10 yrs (like your friend) in order to gain from it.
praying that TF can last long long time in biz.

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MiaMia

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they going to close dwn all outlet ar. as they went bankrupt

article state they are ceasing operations for now. still finding ways to continue operations (other gyms might absorb?)

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beaverjuice

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i'm also on my way for lifetime membership for TF.... but i need to pay for another 3 yrs and probably need to use my 'free' membership for another 10 yrs (like your friend) in order to gain from it.
praying that TF can last long long time in biz.

Let's pray together .... ;)
"A man who has depths in his shame meets his destiny and his delicate decisions upon paths which few ever reach."