Woman Invested $15K for 5% of Pub Last Year & Was Suddenly Asked to Pay Rent for The Pub Last Month

No one in their right might would invest in a pub now—heck, no one in their right mind would invest in anything now.

Reader Bao: I did. I bought Sheng Siong shares.

You’re a lousy investor and should learn something from Warren Buffett, but you get the gist: it’s a bad time to be a businessperson now.

But not last year, when someone invested in a pub…but got burned now.

$15K for 5% of a Pub from an Ex-Colleague

According to Wanbao, a woman known as Ms Lim, who’s in her 40s, was singing and drinking with her friends in a pub when she saw her ex-colleague, who happened to be a shareholder of the pub.

The ex-colleague held 10% of the pub, and for some reason, decided to ask Ms Lim if she is willing to invest in the pub.

According to the ex-colleague, the pub was doing well financially and had no debts.

Ms Lim got suspicious that anyone would be willing to sell shares of a pub that’s doing well so she said goodbye and they never met each other again.

No, I’m kidding. That happened to most of us, but not Ms Lim.

Instead, Ms Lim invested $15,000 for 5% of the pub. The ex-colleague told her that she doesn’t need to work in the pub; she just needs to wait and collect money.

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And in a move that would shock even a 12-year-old whose only interaction in the business world is KidZania, there was no paperwork done: Ms Lim gave the cheque to her ex-colleague and that’s about it.

However, she did check public records and saw that she was indeed one of the shareholders.

Goody, right?

Because nowadays, transfer of shares can be done online.

What’s even good-ier is that by the end of last year, she got her first “dividend”: a whopping $90.

But we know how it ends.

COVID-19 Came & Truth-19 Came, Too

Since then, she has not received any dividends, and thought that it was due to the COVID-19 outbreak.

But last month, she was told to pay $1,000 to cover the rental of the pub.

That was when shit hit the fan: she soon realised that the pub owed four months of rental. Not sure why that was the case since there should have been rental wavier, but anyways.

She also realised that even before she invested in the pub, the pub was already in the red, so COVID-19 wasn’t the culprit.

Angered by that, she requested to check the accounts of the pub, but was kicked out of a group chat that comprises all shareholders and was allegedly ghosted by them. She then made a police report on 30 May 2020.

According to Wanbao, the major shareholder told them that they would resolve the matter amongst themselves, and if there is any dispute, they will settle it with legal action.

In addition, she (the major shareholder) added that this is just a one-sided story but did not elaborate more.

As for Ms Lim, she said that the $15k was her hard-earned money and hoped that others will learn a lesson from her story and not to anyhowly invest in any companies.

Reader Bao: Yes, that’s why I invested in Sheng Siong

You really need to learn from Warren Buffett.

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