ShareJunction - Member Posts

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If you know the MLM operation well, you should know jolly well how they manipulate the sales figures & commission.
The easy way is to " buy & keep stock / inventory" as what Ah Nan and MC king did in the " Money Not Enough 2" movie....
LOL...

1035834 ( Date: 09-May-2019 07:45) Posted:

Their business is in seasonal trend , normally will be highest in Q4 as they need to fight for commissions if you follow this counter Long enough

lailai ( Date: 09-May-2019 07:43) Posted:

Not sure can say Q1' 19 result strong, cos eps is just 1.88c.
Compared to Q3' 18, eps was 5.44c. And compared to Q4' 18, eps was 5.11c.
Say what people like, but the data is written in black and white.

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Check with Midas, Noble or the 3 penny stocks (Ooop.... at one stage they also rose to few dollar!)

thev0209 ( Date: 08-May-2019 22:59) Posted:

Anyone can explain what is the rational for any company to falsify the accounts, declaring high revenues/profits. They end up paying more taxes to the government right?

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But don' t forget that Part 2 of VV report akan datang.

like2learn ( Date: 08-May-2019 22:37) Posted:

i also think so, without the report, think tmr share price no eye see ....

Sin_Cos_Tan ( Date: 08-May-2019 21:53) Posted:

Don' t let them divert your attention and focus only on 1st Qtr 2019 results....
How abt the report on full independent review of all matters raised by the short sellers Bonitas Research (BR)and Valiant Varriors(VV)....
Extracted from The Edge...
SGX RegCo expect the company to call for a full independent review of all matters raised in the report so that shareholders will have a complete picture and can make informed decisions.
http://www.theedgesingapore.com/sgx-regco-queries-best-world-expects-full-independent-review

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Don' t let them divert your attention and focus only on 1st Qtr 2019 results....
How abt the report on full independent review of all matters raised by the short sellers Bonitas Research (BR)and Valiant Varriors(VV)....
Extracted from The Edge...
SGX RegCo expect the company to call for a full independent review of all matters raised in the report so that shareholders will have a complete picture and can make informed decisions.
http://www.theedgesingapore.com/sgx-regco-queries-best-world-expects-full-independent-review

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From the valuation % in the Marginable Securities List, roughly u can gauge the value of those counters.
http://www.dbs.com.sg/iwov-resources/pdf/loan/secured-financing/share-financing/marginable_securities_list.pdf

Goldfinger ( Date: 08-May-2019 08:14) Posted:

With the Trade War fears and China exposure, this one sure jialat when trading resume. No eye see...

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See below post (07-May-2019 21:36 ) ....that' s why BWL shares is not available for share financing.

trademaster ( Date: 07-May-2019 23:12) Posted:

25 years ago...lol
Bank lending are a lot more strict now. DYODD

Sin_Cos_Tan ( Date: 07-May-2019 21:32) Posted:

Forumer beng1102 have done that 25 years ago.
No free tuition, go and ask your banker....LoL
DYODD

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Of course BWL shares is not available for share financing now....Lol...
See the updated Marginable Securities List you provided ...(with effect from 1 May 2019)
http://www.dbs.com.sg/iwov-resources/pdf/loan/secured-financing/share-financing/marginable_securities_list.pdf
With BWL shares hitting record highs recently, taking out an SBLOC may seem like an easy way to get access to cash .
You and the lender execute an SBLOC contract. The contract specifies the maximum amount you may borrow, and you agree to use your investment account assets as collateral.
If the value of your securities declines to an amount where it is no longer sufficient to support your line of credit, you will receive a &ldquo maintenance call&rdquo notifying you
that you must post additional collateral or repay the loan within a specified period . If you are unable to add additional collateral to your account or repay the loan with readily available cash,
the firm can liquidate your securities and keep the cash to satisfy the maintenance call.
Imagin what will happen if BWL price was $2.50 when you signed the contract.

like2learn ( Date: 07-May-2019 19:24) Posted:

interesting point, but I think BW is not available for share financing.
https://www.dbs.com.sg/personal/loans/secured-financing/share-financing

with almost all brokers imposing trading restriction(some much earlier this year), dun think any bank wld be keen to take BW shares as loan.

furthermore, if u look at Top20, excluding D2 & HBC & nominee a/c(which can be more than 1 shareholder), the top individual holds less than 10 mil shares assuming he/she didn' t sell any since the last AR. moreover, D2 has always ensured they have exactly the same amt of shares so i dun think either of them will pledge any shares.

it is still possible for margin call scenario to happen, but i think not likely.

Sin_Cos_Tan ( Date: 06-May-2019 18:13) Posted:

Yes, Those shareholders pledge their shares to the bank for taking a loan will be worried.
The worry is that a drop in stock prices would force the selling of shares used as collateral, and lead to further shares decline.

x 0

Forumer beng1102 have done that 25 years ago.
No free tuition, go and ask your banker....LoL
DYODD

trademaster ( Date: 07-May-2019 19:38) Posted:

First time hear this that banks take shares as collateral. I only hear of property as collateral, never hear about shares, which is volatile and harder to quantify the value. Pls substantiate this with figures. Hope u didnt short the shares, or be prepared to grab to cover when trading resumes.
Given the short positions, expect fierce short covering to ride the wave up.
One good reason why resume trading after results is, in my humble opinion, the results must be good and the management does not want any unnecesarily further dumping of shares to affect its share prices. Remember company has share buy back at the 160-180 range recently. dyodd.

Sin_Cos_Tan ( Date: 06-May-2019 18:13) Posted:

Yes, Those shareholders pledge their shares to the bank for taking a loan will be worried.
The worry is that a drop in stock prices would force the selling of shares used as collateral, and lead to further shares decline.

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Yes, Those shareholders pledge their shares to the bank for taking a loan will be worried.
The worry is that a drop in stock prices would force the selling of shares used as collateral, and lead to further shares decline.

ahhuat08 ( Date: 06-May-2019 16:32) Posted:

In all honesty, the naked shortists are nothing as compared with those holding under nominees, it those holders borrow alot of money from the pledging of their BW shares, and once it unhalt on thursday, if bw falls by a certain %, that will trigger a margin call, and that will be the worst nightmares for the longists.

When it comes to force selling, the banks/nominees are just plain ruthless.

So be prepared.

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How is Best World operating in China?
By : Valiant Varriors
http://valiantvarriors.wixsite.com/home/newletters/best-world-the-worst-investment

Sin_Cos_Tan ( Date: 05-May-2019 11:22) Posted:

A franchisor can be held liable for actions of the franchisee.

stockpicker ( Date: 02-May-2019 21:24) Posted:

Think BWL will need to be more transparent on what they are doing especially about Franchising. They are giving people the wrong impression that Franchising is more efficient and better than Direct Selling.
What actually happened in China is Franchising can earn 3X more but difficult to control the sale of the Franchisees who could always engage in pyramid selling without BWL knowing it.
If there are troubles, not only the brand name of WBL will be tarnished but also WBL will have to handle the trouble as the Franchisees are under their direct control.

The investors are not stupid and they should tell the investors about the risk involved especially when the bigger ones like QuanJian and Tanesee are already in trouble.
Understand these 2 companies have not only lost market share but the going converns will be a problem.

Let wait and see what BWL got to say. .

destinykraze ( Date: 05-May-2019 10:04) Posted:

The problem is they never answer 1-4 properly/clearly, till this date they havent been able to provide a good answer. Based on what shorting institute has shown it is proving it to be running MLM business.
Why shorting institute compare quanjian and BWI?
Because Quanjian was very successful. It was caught doing MLM with the same concept BWI has(QJ has retail stores everywhere, for training low tier MLM sales person, not really for direct sales) and the entire 3 billion business went poof.
The law will eventually catch up, because even after multiple queries, the company still cannot prove it' s not running like MLM.

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A franchisor can be held liable for actions of the franchisee.

stockpicker ( Date: 02-May-2019 21:24) Posted:

Think BWL will need to be more transparent on what they are doing especially about Franchising. They are giving people the wrong impression that Franchising is more efficient and better than Direct Selling.
What actually happened in China is Franchising can earn 3X more but difficult to control the sale of the Franchisees who could always engage in pyramid selling without BWL knowing it.
If there are troubles, not only the brand name of WBL will be tarnished but also WBL will have to handle the trouble as the Franchisees are under their direct control.

The investors are not stupid and they should tell the investors about the risk involved especially when the bigger ones like QuanJian and Tanesee are already in trouble.
Understand these 2 companies have not only lost market share but the going converns will be a problem.

Let wait and see what BWL got to say. .

destinykraze ( Date: 05-May-2019 10:04) Posted:

The problem is they never answer 1-4 properly/clearly, till this date they havent been able to provide a good answer. Based on what shorting institute has shown it is proving it to be running MLM business.
Why shorting institute compare quanjian and BWI?
Because Quanjian was very successful. It was caught doing MLM with the same concept BWI has(QJ has retail stores everywhere, for training low tier MLM sales person, not really for direct sales) and the entire 3 billion business went poof.
The law will eventually catch up, because even after multiple queries, the company still cannot prove it' s not running like MLM.

stockpicker ( Date: 05-May-2019 08:22) Posted:

Many do not quite understand what BWI was doing and most are just guessing. This was because BWI was not quite transparent in its workings. Some said BWI is trying to hide the ugly side of the business some just call BWI a fraud but many do not understand that how BWI can rake in so much money. The
Attackers attacked BWI

1. Do not properly maintain the Retail Sale Branches and Stores
2. Still doing MLM which is illegal in China
3. Existing set up not possible to make a lot of money
4. Might follow the footsteps of QuanJian and Tensee eventually..

Personally, dont think 1 to 3 is a problem for BWI to explain except for 4 that BWI will have a hard time convincing the investors as Franchisees in China is just too hard to control. These 2 giants QuanJian and
Tensee failed.. Understand Infinitus is also stepping into the same boat. It is just too difficult to do an
[honest] business in China.

It would be smart for BWI to learn from AVON when they were attacked by the same US critics for many years. They lied low. At least, AVON today is still in business. As for AMWAY, they have moved out of US altogether to Malaysia. The Attackers will eventually leave them alone especailly when they
lost a lot of money.

If BWI can admit that there will be difficulties controlling the Franchisees and show or demonstrate that they have taken steps to control the Franchising business, it might be able to get over by having the continued supports from the died-hard investors

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Based on valuation on the balance sheet ....
Net Assets value per share : 30 cents

beng1102 Member	Posted: 05-May-2019 01:15
	Short seller should strictly short sell only if the share price much higher than what is reflected in the balance. It should be base on valuation on the balance sheet and not base on unproven accusation.

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Hmm....3+5+3 =11

The Board further wishes to inform shareholders that the SGX-ST has granted the Company a further extension of the trading halt of three days
(i.e., the trading halt may be lifted no later than 8.30 a.m. on 9 May 2019 (Thursday)).

JarBinx ( Date: 04-May-2019 19:56) Posted:

Hmm they never mention whether pre or post market hours

dyingcat ( Date: 04-May-2019 19:48) Posted:

Best World will release Q1 result on 8 May, and extend trading halt till 9 May, 9am.

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Best World : The Worst Investment.......Valiant Varriors
http://valiantvarriors.wixsite.com/home/newletters/best-world-the-worst-investment

Sin_Cos_Tan ( Date: 04-May-2019 17:51) Posted:

Valiant Varriors, in its short sell research blog, has published the first instalment of a two-part report
that alleges Best World continues to engage in multi-level marketing (MLM) in China, which is illegal.
http://www.theedgesingapore.com/sgx-regco-queries-best-world-expects-full-independent-review

x 0

Valiant Varriors, in its short sell research blog, has published the first instalment of a two-part report
that alleges Best World continues to engage in multi-level marketing (MLM) in China, which is illegal.
http://www.theedgesingapore.com/sgx-regco-queries-best-world-expects-full-independent-review

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Stockpicker' s posts below may answer yr questions....

stockpicker
Veteran

02-May-2019 21:52

stockpicker

AVON was the first to set foot in China and they have totally pulled out from China the end of 2018..actually, they are also the first one to stop MLM selling and set up many retail branches in China and they must have also tried Franchising and decided not to push ahead.. there must be a good reason why.. so far, there was no document about why they pulled out of China. There were no reports of any wrong doing in China except they decided to pull out after they were fined by US DOJ for bribring the Chinese Government officers.

stockpicker ( Date: 02-May-2019 21:24) Posted:

Think BWL will need to be more transparent on what they are doing especially about Franchising. They are giving people the wrong impression that Franchising is more efficient and better than Direct Selling. What actually happened in China is Franchising can earn 3X more but difficult to control the sale of the Franchisees who could always engage in pyramid selling without BWL knowing it. If there are troubles, not only the brand name of WBL will be tarnished but also WBL will have to handle the trouble as the Franchisees are under their direct control.

The investors are not stupid and they should tell the investors about the risk involved especially when the bigger ones like QuanJian and Tanesee are already in trouble. Understand these 2 companies have not only lost market share but the going converns will be a problem.

Let wait and see what BWL got to say. .

1035834 ( Date: 03-May-2019 14:40) Posted:

One company with twenty over years history can be destroyed by few reports ? let see how. if you look back this company history, it is slowly growth in first few years but high growth after entering into china market , i still dont think they will do all illegal things, thier senior/ management staffs with them all is 10 years plus, if this company really playing money game / piramid scheme , then they are really in professional level especially survive in singapore this type of law by law country. It is still possible to go for privatisation as in term of number of shareholders, top 39 shareholders control more than 85% of company share, if they are the gang , they sure go for privatisation to protect themselves for any legal law sue.

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Quoted by 1035834 ( Date: 03-May-2019 14:40) Posted:
......." top 39 shareholders control more than 85% of company shares" ,
if it' s the case, the possibilities become higher.

Sin_Cos_Tan ( Date: 03-May-2019 14:51) Posted:

There are lot of possibilities and opportunities in the share market...
A margin call is triggered when the investor' s equity falls below the maintenance margin.
The investor must either deposit more money in the account or sell some of the assets / shares held in the account.
For those who long BWL and haven' t made payment or If shareholders used BWL shares pledge against loan, and in the worst case senario he/she used the loan to buy additional BWL shares....
when the share price drop drastically ..... the shareholders kee xiao lew, might face margin call and the Bank will have lot of BWL shares for market to borrow or force sell the shares and hence share price will drop further.
Let' s hope history doesn' t repeat itself.

beng1102 ( Date: 03-May-2019 10:02) Posted:

Even if u can buy back in some other markets with cash the price would be very high as this is opportunity for the sellers to make as u must buy or get punished

Quoted by 1035834 ( Date: 03-May-2019 14:40) Posted: ......." top 39 shareholders control more than 85% of company shares" , if it' s the case, the possibilities become higher.

Quoted by 1035834 ( Date: 03-May-2019 14:40) Posted:
......." top 39 shareholders control more than 85% of company shares" ,
if it' s the case, the possibilities become higher.