| Latest Forum Topics / Best World |
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THE BEST IS YET TO BE
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JarBinx
Member |
04-May-2019 19:56
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Hmm they never mention whether pre or post market hours
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dyingcat
Veteran |
04-May-2019 19:48
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Best World will release Q1 result on 8 May, and extend trading halt till 9 May, 9am.
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destinykraze
Elite |
04-May-2019 19:46
Yells: "Reality is only a matter of perception" |
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x 0
x 0 Alert Admin |
It' s not only RHB. Most SG brokers have already restricted BW stock purchase.
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Sin_Cos_Tan
Veteran |
04-May-2019 18:06
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Best World : The Worst Investment.......Valiant Varriors http://valiantvarriors.wixsite.com/home/newletters/best-world-the-worst-investment
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Goldfinger
Supreme |
04-May-2019 18:03
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At the $1.60 level - there is simply too much room to fall to Zero. If it was already 0.1 cent, then different story. | ||||
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Sin_Cos_Tan
Veteran |
04-May-2019 17:51
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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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Stocky901
Supreme |
04-May-2019 17:35
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More than what is required for circuit breaker. May drop below $1.00 when trading resumed? The worst thing is the short sellers will not stop from there?
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Goldfinger
Supreme |
04-May-2019 13:09
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Frankly - halt so Long - how can people have confidence in any announcement. If they want to stand behind PWC report, PWC would also be very cautious and caveat everything.
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ahhuat08
Elite |
04-May-2019 13:01
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x 0
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First 5 mins of BW on its resumption of trading will trigger the circuit breaker le. | ||||
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nqing87
Supreme |
04-May-2019 12:34
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x 0
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sitting down with popcorn watching show of how it will unfold.. basically i dont think there is fraud and if there is, it is very cleverly hidden, since there' s no clear tell tall signs, with company giving increasing dividends as their profits rise.. what is quite highly possible though is there could be mlm involve by its franchisees, and BW may know of it but close one eye.. it is hard to explain the meteoretic rise in the earnings in china if u cant find lots of end consumers using & reviewing it, unless there' s some mlm work involve where the members have to be forced to buy lots of products and try to sell to others and get more members.. if im not wrong, it had tried to distant itself from these franchisees in earlier refute report saying they are not legally responsible for any hanky panky over at franchisees.. shall see how the show goes, and it is risky to get involve in BW shares | ||||
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zillion
Master |
04-May-2019 12:06
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x 0
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It is the Best Way to delist in order not to attract anymore queries from sgx, cad, etc.
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sbscap
Master |
04-May-2019 11:37
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x 0
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Gosh. Another privatization dumb idea. Yeah, fall to $0.01 and privatize at $0.02.
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Goldfinger
Supreme |
04-May-2019 11:27
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The longer they halt to stop meltdown the more people get suspicious and will dump when resumes. If they halt due to M&A
is different. But if they halt because they are scrambling to explain things, it smells mighty suspicious and people will be scared it falls to ZERO.
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1035834
Senior |
04-May-2019 11:00
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x 0
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i highly suspect they are going to privatise this company , otherwise no need halt for so long 
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stockpicker
Master |
04-May-2019 09:11
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BWI is having a dilemma.    It can easily explan that it is not involved in any hanky panky movement pointed out by BR and VW but it would have a hard time trying to convince everyone that its Franchising model in China is legal and legitimatedown to the bones.. WBI could only explain that it will try its best to monitor and control its  Franchisees by introducing disincentive schemes like others to prevent its Franchisees being caught for illegal direct selling and false advertising.  Any direct sellings by anyone in China will need a license and BWI' s Franchisees can only use BWI' s license for their direct selling operation.    Let say if BWI cannot explain properly how it could monitor and control its Franchising business, it is likely for the investors to  discount the extra earnings that WBI will get from the Franchising model   i.e likely to cut the BWI' s earnings by 3/4 plus whatever BWI will have to pay for handling any possible legal prosecution arising from the Franchising model..
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runaway
Senior |
04-May-2019 08:11
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The fact that BW requires for 3+5 days extension to answer a simple attack in the press speaks poorly of the company. The Board and the management team should have ready answers at their fingers tips. Using trading halt to temporary stop the bleeding may backfire when the trading is lifted. BW will need to issue a very just and convincing announcement by Monday. Otherwise, it would not be fair to those who wanted to get out but prevented from doing so because of the trading halt.   |
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beng1102
Elite |
04-May-2019 00:22
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SGX help short covering?  U mean SGX is now a prime broker arrange security borrowing and lending charge a fee.    That is call confict of interest.
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george78
Member |
03-May-2019 23:26
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x 0
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全 美 世 界 的 股 票 是 暂 停 交 易 , 即 便 是 已 延 长 多 五 天 , 根 据 有 关 披 露 , 仍 然 是 使 用 ?暂 停 交 易 ?的 字 眼 , 因 此 在 24日 进 行 无 票 卖 空 者 , 只 要 能 够 在 规 定 时 间 内 借 到 股 票 , 就 不 至 于 被 罚 款 和 强 制 买 进 。 全 美 世 界 的 股 票 是 暂 停 交 易 ( trading halt) 而 非 停 牌 ( suspension) , 但 该 股 上 个 月 暂 停 交 易 前 无 票 卖 空 全 美 世 界 股 票 的 市 场 人 士 , 如 果 没 有 在 规 定 时 间 内 买 回 盖 盘 或 借 到 足 够 的 股 票 , 仍 将 面 对 1000元 或 更 高 的 罚 款 。 Heard SGX are helping naked shortist cover their shorts... Brokerage borrowing from each other for shares... Lol | ||||
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Wangderful10
Member |
03-May-2019 23:17
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x 0
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I suggest you go read up the horror stories of Midas and Noble before you decide to take up any long or short position.
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trademaster
Supreme |
03-May-2019 23:04
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x 0
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My guess is any price below 1.70 shortists will cover, so opening price around 1.70 and may hit 1.80 with massive short covering.
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