ShareJunction - Member Posts

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Dishonor the thugs!

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The Board has earmarked and approved the utilisation of part of the Company?s cash holdings to repurchase Shares traded on the Singapore Exchange Securities Trading Limited (the ?SGX-ST?) in accordance with the share buyback mandate approved on 30 April 2018 (the ?Share Buybacks?). The Company will commence the Share Buybacks following the announcement of the Company?s unaudited financial results for the financial quarter ended 31 March 2019 (the ?1Q2019 Results?)14 and the expiration of the blackout period in relation to the 1Q2019 Results. The Board believes that the Shares are currently undervalued following the decline in the prices of the Shares since February 2019, and that the recent prices of the Shares are no longer a fair reflection of the underlying value of the Company.

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The Company declared S$90.9 million of dividends from FY2010 to FY2018. The Report falsely alleges that the Founders received approximately S$74.4 million in dividends from FY2010 to FY2018. This would require the Founders to own 81.8% of the Company?s shares from FY2010 to FY2018, which is plainly untrue.

Another altered figure to match what they(BR) reported?
Did anyone mentioned it's a detailed report?
Any of you guys feel cheated here? 😂

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I believe they are assuring SH that in future, if their franchise scheme don't work due to changing law and regulations in China, they have the option to revert back to export scheme, which is tested and proven.
It's written quite clearly leh.

Goldfinger ( Date: 09-May-2019 07:59) Posted:

Very good point. Let us see if BW can survive today. I suspect the trust has totally evaporated.

pool100 ( Date: 09-May-2019 05:43) Posted:

In BW' s rebuttal, they admitted that they might switch back to their old export model.

If they didn' t do anything wrong, why give an escape clause like that?

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Don't think they will come to court with their limited evidence. 😂 Let's see.
But it's funny that they say one of the branch was closed but PWC guys were there!
Another, they simply take picture of room 1002(with the govt banner) while only 1001 and 1003 was registered under Changsha best. See how deliberate they were!

1035834 ( Date: 09-May-2019 07:22) Posted:

when you dare to lodge the defamations allegation in high court ,the truth is very closer , did BR dare to come to singapore to fight back

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The point about 100% of the accumulated profit is not valid as BR uses estimated 4% of nett profit. Seems like they just pluck the figure from nowhere(just to match the numbers) that they transfer 100% of profit to BWL. Given all the wrong information they had presented, they are likely to alter the figures to match they accusations. So, the $10mil is definitely not their full profit. Like you say, no one will transfer full profit back).
Regarding inventory, stocking up inventory can only mean the demand was expected to be high, and not due to not selling. There is always a lead time. It was explained in BWL report.

stockpicker ( Date: 09-May-2019 07:22) Posted:

Yes.. it is not a strong rebuttal. It will invite more questions to be asked. Their rebuttal did not explain the jigs of the Bonitas' s report. Hope they don' t fall into the trap of Bonitas. For example, they explained that their primary agent, Changsha Best, was not selling but accummulated lots of inventory to a tune of $34 millions Indirectly, BWL is also saying their products is not selling although BWL would like to tell the investors that Changsha Best was useless. BWL also did not rebut about the [large sum of money] alleged to be transferred from Changsha Best to BWL when BWL terminated the Primary Agency.. Bonista asked [What kind of independent party pays nearly 100% of accumulated profits upon termination of its agency arragement? In our opinion, not an independent party]..
Quite sure many investors are still pluzzed on how BWL can make so much profit for Direct Selling..
hope for the best performance for BWL in today' s trade..

pool100 ( Date: 09-May-2019 02:37) Posted:

Read through BW' s rebuttal. Seems to have lots of information but didn' t directly address the main allegations by Bonitas. Mostly answering the questions but not answer the points.. if you know what I mean.

They claim that their business isn' t MLM, but in my opinion, it definitely has to be MLM to have such numbers without direct selling activities at the shop fronts - as pointed out by Bonitas.

They can refute all they want, but I believe the law will catch up with them and uncover their MLM activities.

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Judging from the tone in the forum, I guess the one nervous are the shortist. Shortist based info provided by BR(which is probably lying), we will know today. Longist has been presenting evidence and logic that shortist are too blinded to see. Let's see if you guys can see clearer after the clarification.

destinykraze ( Date: 08-May-2019 14:16) Posted:

Those who long without doing proper research or went ahead despite many red flags are nervous.
Those who shorted are excited as they are sitting on wads of cash already

1035834 ( Date: 08-May-2019 13:16) Posted:

those long and short should be very nervous now ...answer will be reveal

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So far their share price don't follow the market much.
Bad market may be good for them, more money will be channeled to profitable companies.
Having said that, results genuine or not, I guess the auditors are more concerned than us😂 . If they are able to sign off, meaning they have already done most of the background checks again and again. They are also human.

curious_moo ( Date: 06-May-2019 11:39) Posted:

should be a very good reults coming thats why requested halt till after results.
but whether the results are " genuine" its up for individuals to guess.

but hitting the week of sell off (if it continues) is bad luck lol..

runaway ( Date: 06-May-2019 11:13) Posted:

What a bad timing to release results and trading halt this week !

Short sellers are laughing.

Will it ask SGX for another extension?

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Yes fear mongering indeed.
Opinions and baseless assumptions. Probably they are worried that they have no time to rid off they positions.
Extension of halt is good for the company as they will be out of the blackout period, if privatization is on the card, and they announce it on the 8th or soon after with an offer price.. then GG to shortist.
Will probably be overwhelmed with information on the 8th, let's be patient and see.

Meanwhile, there is an article to share about short sellers.
They are facing the burn.
As Elon musk put it, "The last several years have taught me that [short sellers] are reasonably maligned. What they do should be illegal.?

https://cleantechnica.com/2018/12/31/where-in-the-world-are-teslas-short-sellers/

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Ok, enough for discussion now till we see the clarification (if you even bother to read then, since u already bet your life)

No point spending time share find articles, discussion, trying to get the whole picture but few bother to read and make sense of it. Appreciate those who spent time rebutting my post as well. Ultimately we know truth prevails.

So we shall see if the blinded trust in BR and BT reports are worthwhile. It will be interesting to see the reaction when the truth is out, whether you(or me) continued to be deceived or realized and acknowledge it.

warrenbuffet2018 ( Date: 02-May-2019 00:21) Posted:

i dont give a damn people believe or not.
True is always True. If i said world is round, i don' t need to prove anything, time will prove me right.

But BWI is damn worry people not believe.
Also they very careful of their words so takes weeks to reply.

This is very common in HK drama, rich criminal dont anyhow answer questions.
They only speak what their lawyer want them to tell.

I am willing to bet my life on it. When you see thing, see small small thing/behaviours. They dont lie.

Dont trust the reply/statement, especially those that takes time to reply. Those reply/statement are words that design for you to see/hear.

Sen9999 ( Date: 01-May-2019 22:11) Posted:

Haha, if just say no they did not, you will be convinced?

Anyway not a Hong Lim park case as it does not owe anyone money.

Quote from the article just posted, "look beyond the obvious"

Let's discuss when the clarification is out the

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Haha, if just say no they did not, you will be convinced?

Anyway not a Hong Lim park case as it does not owe anyone money.

Quote from the article just posted, "look beyond the obvious"

Let's discuss when the clarification is out then

warrenbuffet2018 ( Date: 01-May-2019 21:28) Posted:

Hello, if any company kana this type of accusation, they will just issue a statement to clarify.
No Halt, No suspend needed.

The share price may drop but is ONLY temporary.

For BWI, they are damn concern of price drop, everytimes they have to halt and suspend before reply.

If people accuse you kill someone you just reply No, i did not.

If you take so long to reply, i would think you did kill people.
WHY? Becasue You have to carefully reply else you may expose the TRUTH.

This is damn claer signal and for those who still cannot see, i hope you don' t organise another
Hon Lim Park meeting and beg for WHITE ELEPHANT.

Sen9999 ( Date: 01-May-2019 14:38) Posted:

Not too long if they are considering to pursue the matter the legal way.
If the clarification is too haphazardly done, pple will jump into conclusion. If want it to be comprehensive, then probably will take time.
I think the easiest and quickest way is to just come out and say BR report is rubbish and brush it away(without providing much evidence that the report is wrong). And according to reports, companies that do this are the ones usually guilty, because they have nothing to substantiate the doubts created.
So I am sure it will be a good clarification. 😀 👍

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Haha, then when go up to $3, people will say,
How can a company worth PEx20(market standard) be worth $1.62😆

Quoted:
Generally, a high P/E ratio means that investors are anticipating higher growth in the future. The current average market P/E ratio is roughly 20 to 25 times earnings. Companies that are losing money do not have a P/E ratio.

ArnoldSchwez ( Date: 01-May-2019 18:33) Posted:

^{Opinions opinions opinions, what are the facts then?}

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They mentioned 6th May, won't be before that I suppose

Justice888 ( Date: 01-May-2019 17:48) Posted:

Agree. They shld not halt too long

Goldfinger ( Date: 01-May-2019 13:40) Posted:

How can they suspend so long?!!! This is disgusting. Who wants to ever buy this rubbish share again? It is against free markets.

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Not too long if they are considering to pursue the matter the legal way.
If the clarification is too haphazardly done, pple will jump into conclusion. If want it to be comprehensive, then probably will take time.
I think the easiest and quickest way is to just come out and say BR report is rubbish and brush it away(without providing much evidence that the report is wrong). And according to reports, companies that do this are the ones usually guilty, because they have nothing to substantiate the doubts created.
So I am sure it will be a good clarification. 😀 👍

Goldfinger ( Date: 01-May-2019 13:40) Posted:

How can they suspend so long?!!! This is disgusting. Who wants to ever buy this rubbish share again? It is against free markets.

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What's the rationale? Recruitment meeting usually is like a big congregation? Remember in the movie, "money no enough", everyone shouted 阿 Nam's name( MLM) style. Hold at house where's the closing power? 😂
Anyway it is said that the culprit has already been caught. Not related to BWL.

Sin_Cos_Tan ( Date: 01-May-2019 10:14) Posted:

不法之徒一定是暗中行事 ,不敢明目张胆 , 肆无忌惮！
The criminals must act secretly and dare not be brazen!
Member of MLM normally hold meeting at their house or office. This is a open secret.

Sen9999 ( Date: 01-May-2019 01:27) Posted:

The company is unregistered, no website, no shopfront, they want to name "taobao" also can 😂 .
Why u ignore the fact that the police has already identify the "全美世界 " and the authentic one is different entity?
How can the authentic one has no website no shopfront and unregistered?

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Yes I agree, as we can see for so many cases over the last few years, police has been involved. And the only reason BWL is not convicted is that they are not the one involved. The counterfeit company uses the same name.

On the good side, as to why counterfeit uses the same name, is that BWL must have built something good there, be it good product or good reputation that these scam companies can use to cheat.

stockpicker ( Date: 01-May-2019 08:40) Posted:

Not sure about Valiant Warror as I have no interest reading it as it talked only about pyramid sellings which might not be the work of BWL as to whether they have seen is or not payramid sellings, it would be the work of the Chinese Police and not the work of the Short Sellers.. We only can believe when we read about it from the court proceedings and the newspapers and not from Short Sellers..
Don' t think these reports from the Short Sellers are wrong either because these reports described what they have seen or feel... just like the 4 Blinds reported the various part of an elephant you can' t therefore say they are bluffing you when they said, " the elephant is like a tree trunk:..LOL

newpattern ( Date: 30-Apr-2019 20:29) Posted:

Only those who deliberately fabricate news and spread falsehoods are liable to face criminal charges under the proposed law against fake news, Law and Home Affairs Minister K. Shanmugam told The Straits Times yesterday (Apr 9).

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Their disclaimer:

General disclaimer

All reports made available on this website are for informational purposes only and only reflect the opinion of individual contributors based on their analysis of the companies concerned.

In case of a negative/critical report, the reader should assume that the contributor and/or his relations are selling/shorting this stock and thus stand to gain from a reduction in the market price of the stock concerned. Similarly, in case of a positive report, the contributor should be assumed to have a long position in the stock and thus stands to profit from the increase in the price of the stock concerned.

like2learn ( Date: 30-Apr-2019 22:05) Posted:

still waiting for Part 2 of their report.... btw, their purpose is to help us investors.

or

???

About us

Valiant Varriors are a group of activist investors on the lookout for companies that are priced incorrectly due to the lack of transparency in large listed stocks in Singapore. If the companies themselves don&rsquo t want to come clean, we will help them along the way. All our efforts is in the valiant attempt to help SGX be more investor friendly and promote The Lion city to the rest of the world.

Sen9999 ( Date: 30-Apr-2019 21:49) Posted:

I think the reason not many people talk about this valiant report, is that it is did not provide much details on their argument. You see.. they take pictures of the chairs of the seminar room, then they assume is for recruitment. 😂 Seriously?!
Besides, which sales organization doesn't train their sales staff? If there is no training, isn't it more scary?

Anyway this pic is also in contrary to the other articles, why are they nobody in the training room? Ain't they kept there to "train" 20days? (Anyway this part I am sure everyone knows now it's not the same company)

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The company is unregistered, no website, no shopfront, they want to name "taobao" also can 😂 .
Why u ignore the fact that the police has already identify the "全美世界 " and the authentic one is different entity?
How can the authentic one has no website no shopfront and unregistered?

Sin_Cos_Tan ( Date: 30-Apr-2019 22:14) Posted:

To reiterate, this article is from华闻 , 是最具影响力华文媒体的中文网络新闻平台 ,为全球华人提供全面及时的最新时事热点、新闻资讯。
" 全美世界 " has been made explicit in the title. One & only one, not similarly named company.

传销的特点
组织严密、行动诡秘
洗脑：对加入传下组织的人集中授课 , 洗脑

Sen9999 ( Date: 30-Apr-2019 09:42) Posted:

The title, reflect the fact that it is talking about a similarly named company. The article mentioned there is no website, no retail space to this company.
Did you miss out this fact?

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Anyway, SG also uses the same settings. It is used for seminars and product understanding that anyone can join every Wednesday. Go and see if there is any recruitment.

Sin_Cos_Tan ( Date: 30-Apr-2019 20:58) Posted:

Not really....

两个卖空集团报告施压最大

4月 2日，瑞士信贷 (Credit Suisse)研究发布报告指出，从百度 / 微信的搜索统计显示，中国消费者对晳之密护肤产品的兴趣不大，
一旦分销商的数目达到饱和点，而终端用户的需求不足，全美世界的盈利在 2020年后将猛跌。
报告指出，虽然特许经营计划提高销售额，但货品滞销库存是一个隐忧。 不过，对全美压力最大的还是来自两个卖空集团的报告。

上个星期三，美国卖空公司 博力达思研究 (BR)直指全美世界是个骗局，虚增了 2017年的销售额以及净利。
此外，它声称，在 《商业时报》 刊登文章后，皙之密的线上卖家开始虚增产品的交易量和评论，以展示虚假的线上活跃度。
另一方面，这家卖空机构指出，它实地走访 12个全美世界生活馆，发现有八个不出售产品给非会员。它指全美在没有获得直销准证之前，以直销的方式销售护肤产品。

与此同时，另一个卖空组织 Valiant Varrios也在网站上发布报告，指全美的实体店是传销业务的门面，它实际上是用来招募以及训练新销售员的训练中心。
一旦中国当局介入调查，集团一半的营业额可能化为乌有。

全美世界目前处于围城状态。根据彭博社的报道，全美世界是卖空最多的新加坡股票。多家股票行也对这只股实施交易限制。
此外，新加坡交易所监管公司要求全美世界进行全面独立的检讨审查，让股东对美国卖空机构提出的所有指控，有更全面的了解。
卖空机构的指责，也可能引发中国当局的调查。

全美世界已暂停交易，但最迟需在下个星期一恢复交易。在卖空及股票行限制交易的压力下，这只股的股价可能继续走软。
对于全美世界而言，卖空集团是不速之客。不过，如果卖空集团的袭击能使市场更了解全美世界的商业模式以及它的账目，那是好事一桩。

Sen9999 ( Date: 30-Apr-2019 00:08) Posted:

Another reason why BR and BT never attack these allegations (which can easily be searched from Baidu), is that they probably also believe these comments or these cases are not related to BWL.

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I think the reason not many people talk about this valiant report, is that it is did not provide much details on their argument. You see.. they take pictures of the chairs of the seminar room, then they assume is for recruitment. 😂 Seriously?!
Besides, which sales organization doesn't train their sales staff? If there is no training, isn't it more scary?

Anyway this pic is also in contrary to the other articles, why are they nobody in the training room? Ain't they kept there to "train" 20days? (Anyway this part I am sure everyone knows now it's not the same company)

Sin_Cos_Tan ( Date: 30-Apr-2019 20:58) Posted:

Not really....

两个卖空集团报告施压最大

4月 2日，瑞士信贷 (Credit Suisse)研究发布报告指出，从百度 / 微信的搜索统计显示，中国消费者对晳之密护肤产品的兴趣不大，
一旦分销商的数目达到饱和点，而终端用户的需求不足，全美世界的盈利在 2020年后将猛跌。
报告指出，虽然特许经营计划提高销售额，但货品滞销库存是一个隐忧。 不过，对全美压力最大的还是来自两个卖空集团的报告。

上个星期三，美国卖空公司 博力达思研究 (BR)直指全美世界是个骗局，虚增了 2017年的销售额以及净利。
此外，它声称，在 《商业时报》 刊登文章后，皙之密的线上卖家开始虚增产品的交易量和评论，以展示虚假的线上活跃度。
另一方面，这家卖空机构指出，它实地走访 12个全美世界生活馆，发现有八个不出售产品给非会员。它指全美在没有获得直销准证之前，以直销的方式销售护肤产品。

与此同时，另一个卖空组织 Valiant Varrios也在网站上发布报告，指全美的实体店是传销业务的门面，它实际上是用来招募以及训练新销售员的训练中心。
一旦中国当局介入调查，集团一半的营业额可能化为乌有。

全美世界目前处于围城状态。根据彭博社的报道，全美世界是卖空最多的新加坡股票。多家股票行也对这只股实施交易限制。
此外，新加坡交易所监管公司要求全美世界进行全面独立的检讨审查，让股东对美国卖空机构提出的所有指控，有更全面的了解。
卖空机构的指责，也可能引发中国当局的调查。

全美世界已暂停交易，但最迟需在下个星期一恢复交易。在卖空及股票行限制交易的压力下，这只股的股价可能继续走软。
对于全美世界而言，卖空集团是不速之客。不过，如果卖空集团的袭击能使市场更了解全美世界的商业模式以及它的账目，那是好事一桩。

Sen9999 ( Date: 30-Apr-2019 00:08) Posted:

Another reason why BR and BT never attack these allegations (which can easily be searched from Baidu), is that they probably also believe these comments or these cases are not related to BWL.

两 个 卖 空 集 团 报 告 施 压 最 大

两 个 卖 空 集 团 报 告 施 压 最 大

两个卖空集团报告施压最大

两个卖空集团报告施压最大