656-835-7327

they are operating in the philippines now

I have the same experience. They keep giving excuse and ask me to dump in more money. Alaid why the company keep changing, from asialinx to ax treasure and now to nixdorf? How can we get back our money?  Does going to police help?

Hi lee, any updates on what has happened ? Did u manage to redeem your shares ?

My parents have also had the same fate. Initially invested money into Ax treasures after being told that they can get back their time shares. Then they called us down again saying they cannot go through with the transfer and now have to apply for power of attorney. Saying need to pump in more money. Very desperate to get back our hard earned money we pump in more money. After some time, they call us again saying that they were unable to get power of attorney and now want to get stature of declaration or something. Again make us fork out money ! Still desperate we ended up putting in more money.

After quite some time this company merger happened. They called us down again, this time telling us that we have to wait 7 years to get back the invested money together with interest or we can buy preferential shares. Now we have almost no more savings to spend already. Then we also ran into a problem which has forced us into getting the preferential shares costing $25,000 USD and came to search online and came across these posts. For us we were offered to buy the preferential shares  which we can redeem after a min of 1 year and not 6 months like Lee. After reading ur posts Lee, I have really lost hope that we will ever get back our money.

Do you guys think we can go to the newspaper and maybe get someone to write an article on this ?

This is my email pps2086@gmail.com if anyone wants to contact me to share their experience or have any advice for me.

Hi, my wife and I just met up with a Rebecca of NAX Capital the PR representative company of Nixdorf-AX Ventures (no 'Treasures' in the name) who offered us exclusive rights to preference shares of Nixdorf-AX Ventures. I asked for financial information on the company and was told that they were only available to preference shareholders of N-AX V.  Depending on the number of shares I am willing to buy (USD1000 per share), my AX Holdings agreement will increase in value proportionately.

May I know what is the outcome of your legal case against them? Were they exonerated or are they really scammers?

Please reply as soon as you can, cos we are still considering whether to invest in the shares.

Thanks very much!

Hi Buzz,

I just come to know abt this forum today. But I have just invested in the 1 share at US$1000 = S$1256.xx of Nixdorf-Ax Ventures share since early April this year with Lionel. They said that I can do my full redemption half year later. I am not very sure whether will I be able to any full redemption this October so I am keeping my finger cross. Will update here if there is any further update.

Or is this another cheating case on top of the previous one on AX holdings to AX treasures?
1 things I forgot to do is to photocopy all my past certs, contract and documents so that if in any case I need to launch a CASE or police report, I have all the past records as an evidences.

For all the people out there, please remember to zap a copy of all your original documents as they will collect back all the original AX treasure and AX holdings documents including the investing receipt from you, leaving you with no paperwork to show when you want to launch a police case or to CASE.

And in the meantime, is there anyone have succeeded done a full redemption? Can share it with us with attached documents?

Presently, this is the only experiences I can share.
Thanks.

Hi, I have also just been approach by Nixdorf-AX Ventures as I mentioned to RC. What is the outcome of your legal report to CAD on them? Thanks!

Hi Wither,

We also met Joan and Lionel last year, but preferred share offered amounts to USD 20K, so we backed out.  Then early this they asked us to go back for a meeting so we can exit better - but it is the same, but now the offer went down at USD 5K.  But we turned down again since we have felt that they have fooled us before.  

This year, a friendly telemarketer introduced herself from Nixdax or Nixdorf.  Invited for a meeting so we can exit the assure contract guaranteeing no money will be involved since the main purpose of the representatives from UK coming here in Singapore is purely to exit and to inform top management of the (untoward) negotiation or dealings with AX.  The more we tell how we felt cheated - the more they could provide options to exit.  Bring all Docs at THE PLAZA Beach Road office.

And so we went,  just to find out that it is the same presentations given by Joan and Lionel!!  with the same investment amount of USD 5K to be preferred shareholder.  Different company Forthex.  

The difference - angmos are more casual and friendly in explaining.. and frank.  They have pointed that the Assure Contract has no value even though u wait for 7 years.  Pointing to #8 clause - that it is still the management's discretion to put the value to it - in summary.  So, we are in the mercy of the mgt - but there is no management now - the company has been bought or merged - so no AX Holdings anymore.  Moreso, the office is now in the Philippines.  - so no where to find!

Again, we walked away.. it is the same.. however leaving the door opened.. knowing that we are not waiting for any ROI after 7 years!!  

Btw, We checked ACRA and Philippine business registered company website- no Nixdax, Nixdorf-AX, nixdorf .  They were saying Nixdorf has 500M value of shares so we can easily claim back - so is it in peso??  but they are not showing business   form .. HAS anyone got a proof about their business? like acra?

Anyway,  Wither, it is great to know that you were only able to invest USD 1K.  I am keen to find out, in getting full redemption half year later - is this in written in the new "contract" or "form" ?  Have you fully reviewed the new contract?  I supposed you have a copy.  

To all who have bought the Preferred Shares - do you feel protected with your new contract?

Hope you could help me on new info about the new contract, coz I wanted to contact them today 16th of April since I am going out for a month of two and wanted to get this off me..

Or is this another Marketing Strategy of AX?

Thanks for reading.

Hi Ma-ya,

I have read thru the contract and it's does not state much and I DO NOT feel secure at all as compare to previous contract. At least the previous contract stated the maturity value and redemption value and maturity date in the contract and in the COE plus the official receipt that you have paid on the investment (all are black and white evident).

They told me that they will use my previous maturity value + 1 share value  (i just need to invest in 1 share) to buy the preference share BUT the certificate that I have received only shown 1 shown and not the actual quantity no. of share based on the total full amount of investment (my previous mature value + 1  share value invested). On top of that, they have collected all my previous original documents back and mentioned that those documents are needed to process the preference share application with all the all the values in it.

With this present contract, I feel like I have just fully thrown all the $ down to the drain as the preference share certificate that they issued only show 1 Preference Share value at US$1000 fully paid.

So my suggestion to you is:
DO NOT TAKE UP THIS PREFERENCE SHARE!
unless I am able to prove otherwise. I believed that all my contract have go all the way down to just only 1 share of US$1000 and lost all the $ that they previously had promised.

At least with the AX Holdings documents that you are holding on, the most you can go AX treasures and state that you wanted an early redemption base on your present contract. Since they mentioned that the office will be at Philippines, then send them an email request for earlier redemption. Or just will till the maturity date then email to them.

AX treasure is still under the main AX holdings company under Singapore Branch.
http://ax-hl.com/
Instead I did not see Nixdorf-Ax Ventures listed under the AX Holdings Limited under the Singapore Branches.

I hope this info will provide some insight for you as I am being honest here unless they can proved otherwise to me.

Can anyone here able to provide the full name of Lionel?
Anyone of you have his name card?

Hi June,

Kindly share your good experiences in detail with Nixdorf-AX and your previous documentation from Nixdorf-AX with me at witherleong@yahoo.com.sg and the receipt on the amount you received from Nixdorf-AX Ventures as presently I am under the Preference Share in Nixdorf-AX by investing 1 share of US$1000 = S$12XX.XX + the mature value from my previous AX Holdings.
Thanks.

Dear all,
I am called up by an unknown saying that they are engaged by Naxdorf-AX management side to help to facilitate the redemption of my investment. The lady says they are very sincere in helping us investors, and most ppl who came down gotten by their 90-100% of their full amount already. Since the office is located at Beach Road, near to my house, so i pop over.

When i reach there, it was a whole different story. 2 Angmos, very well mannered and convincing. Telling me that AX is now 0 value. To save my 18k investment, i got to put in USD$5k to purchase 5 preferences ( upon purchase, free 14 shares , converted from my 18k Sing Dollars investment to USD. By the way, 1 preference share is USD$1000.)

In return, after 12 months, i can get back S$23.5k, this include my capital of 18k + 5.5k.
I told them i am not interested.
Wow, another angmo came in and offer me "better" terms.
Place USD$5k, i will get back S$18k after 12 mths + S$15.5k. And after that, subsequently, every 12 mths, they will give investors $15.5k.
I told them that they can use my account to place USD$5k into it, then after 1st year, they can take back their USD$5k investment and i am willing to give them S$10k if the company pay out $15.5k . I told them it was a good deal for them to consider since they kept mentioning that they r not commission based. They are salaried worker for Forthex.

The 2nd angmo got furious, and tell me "we are doing business, no one will pay out cash w/o getting cash". I told them then its a No Deal. His reply is " OK! YOU CAN LEAVE !"

From this, i can conclude that Naxdorf has evolved into Forthex. Using the same old method , and hopefully, can get more victims to believe, and continue to put $$. 300% returns in 1 year, is simply too good to be true.

Your email address june763821@yahoo.com is invalid.

Wondering if you're one of nixdorf or ax hang

How about all of us going to Forthex Pte Ltd at the Plaza, Beach Road at the same time?

We will get them to address that with the proposed preferential shares, how can these 'small' amounts create payout of our maturity amounts in 12 months time. To show us if this companyn nixdorf-ax is a legit company. Forthex is in acra. Nixdorf is not.

Forthex Pte Ltd ? We were dealing with Nax capital not forthex.

Nixdorf-Ax has recently engaged Forthex as their exit partner. 2 options given:
1. Buy preferential shares. They will suggest 5 @ U$1,000. Mature in 2021
2. Hold onto AX Holdings COE till 2018 but worthless cos the certs have no underlying assets

They presented that preferential shares is like insurance to get back our $. Nowhere in the subscription, it mentions that the payout is in 12 months. There is a redemption form that investor has to submit nearer to the end of 12 months.

explanation is hazy in Forthex, Nixdorf-Ax Philippines :(

My 3 years contract ended with Ax treasure and now they keep giving excuse not to return the money to me. They claimed that I did not give 30 days notice But in fact, contract mention Max 3 years contract. They giving lot of excuse now. What can I do? Can we all group together and lodge a complaint to police or case?

Hi RC, I just went to NAX Capital yesterday and got similar info as what you have stated. Can I check what was being advised to you after you have sought legal advice?

Whose that one that bought all this timeshare..YOU!!!because u all think it's dam fantastic n of face value that u are a notch above others by owing a so call membership!and whose that one that tot of recovering lost money!!!Why?? Coz you are greedy...so don blame companies after companies that you got cheated or scammed!!without u ppl,what the company can do!stupid fool.....

Any keyboard warriors?

Nope. I was told that I cannot redeem my shares now as AX has not closed down and that I may need to wait for years to redeem the shares or buy some more of their preferential shares to cover my losses in a shorted time frame of 6 months. Of course, I did not take up the offer again after 2 times of empty promises from them. They have not contacted me since then. And in my mind, I already think that this bad investment of mine is gone. I have approached CASE before and they told me that AX and its alias has very bad reputations and to them, they believe is a hoax and scam. However, they cannot do anything about them. Going to the newspaper is a possible option but I doubt it will bring back our money. It will only stop others in similar situation as us from falling victims into this sort of scam. And hopefully, it can bring about enough publicity so that our government won't sweep this under their carpet as long as it is making "money" for the country.

For now, my only advice to others is DON'T pump in any more $$ for these so call preferential shares. Their certificates and t&c no doubt looks professional, fanciful, and authentic. But I believe it just stops short there and you won't see your money back. Even if you ever do, it is likely going to take years and % return will likely be a very small portion of what you have invested and nowhere close to what you have been promised.