| Latest Forum Topics / Best World |
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THE BEST IS YET TO BE
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uiop1223
Supreme |
21-Jan-2022 12:05
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When it starts to post losses. They can do what they like. Very easy to start making losses 😎 😎 😎
Suspense for another 5yrs. Will shareholders accept $1? No? Suspense another 5yrs. Accept $0.5? 🤣 🤣 🤣 🤣 BW can afford to wait. Can you? 😈 😈 😈
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camry8151
Member |
21-Jan-2022 11:02
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By avoiding selling a stock at a loss, many investors do not have to admit to themselves that they' ve made a judgment error. Under the false illusion that it is not a loss until the stock is sold, they elect to continue to hold a losing position. In doing so, they avoid the regret of a bad choice.  Investors will steadfastly hold onto their losing stocks, based only on the faint hope that they will at least return to the purchase price. The decision to hold is not based on rational analysis or a well-thought-out investment strategy,  and, unfortunately, wishing and hoping a stock will go up does not make it happen. In BW' s case, it' s not a judgment error considering that the Company has continue to grow during suspension. Nonetheless, it' s dead money if the stock is suspended indefinitely and deprived the investors the flexibility to cut loss and move on. In my personal opinion, the equal access offer is an outlet for people stucked in this stock to retrieve liquidity and fight another day. If i can take back some capital, despite at a loss, and invest in other counters and get 5%, 10% or 20% per year, its still better than staying put in the dead pool. The  opportunity costs of stubbornly holding on to BW shares will increase by the day if we missed this chance to exit. Ultimately, we have to question ourselves what is our investment strategy by holding on to BW' s shares and are we able to execute the strategy? If we don' t have the answers to the above, then perhaps we are not being rational with our hard earned money but merely acting out of spite. And this spiteful behaviour will harm no one but ourselves.  
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JarBinx
Member |
21-Jan-2022 11:01
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? if nobody accept their $1.36 offer, why would they keep going lower lol
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kcs1107
Member |
19-Jan-2022 14:28
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Any individual in a privileged position of trust and authority could be a fiduciary. What are fiduciary duties?Fiduciary duties mainly include the following:
1. Acting in good faithThis means that the fiduciary must always act honestly and with a fidelity to the principal. All information relevant to the relationship must be disclosed truthfully and clearly. In addition, the fiduciary must always be fair, reasonable and objective in making decisions in the interest of the principal. 2. Avoiding conflict of interestAs a relationship built on trust and empowerment, a fiduciary must actively avoid conflicts of interest. For example, he or she should not be working for any other competitors of the principal. 3. Not profiting from the fiduciary positionFiduciaries have access to the principal&rsquo s assets and can exercise freedom to make decisions on behalf of their principal. However, they must never abuse such authority for individual benefit. For example, the fiduciary must not favour any business supplier or partner that he or she has vested interest in. 4. Executing with utmost skill and careExemplary management is the heart of any fiduciary/principal relationship, particularly for commercial ones. In a nutshell, a fiduciary must discharge his or her duties with due diligence and efforts. As part of protecting the principal&rsquo s interest, the fiduciary must at all times ensure that their actions also comply with regulatory requirements. Such requirements can come in the form of statutory duties laid down in the Companies Act. ![]() Trustworthiness summarises the various elements of fiduciary duties. Breach of fiduciary duties can happen in the following ways (this list is not exhaustive):
When should you consider litigation?Litigation should be considered when the principal can prove that his or her interests have been compromised due to the negligence of the fiduciary. Factors to consider before litigationAs straightforward as the above scenarios might sound, there are additional crucial factors to note when considering litigation: 1. Elements to prove breach of fiduciary dutiesIt is grossly insufficient to merely suspect a breach of fiduciary duty. As the plaintiff, neither can you purely claim that you believe your interest might be adversely affected in the future. However, it is often difficult for the principal to establish evidence thus, hiring a credible and experienced lawyer who can piece together missing information is extremely important. A professional lawyer should execute, to their utmost ability, the following in lawsuits: DutyA lawyer should assist the plaintiff in demonstrating that a fiduciary duty exists. This could involve substantial investigation depending on the circumstances involved. For example, if your fiduciary has signed a written contract with you (the principal), your lawyer must be able to prove through this contract that the fiduciary is legally bound to you. BreachThe plaintiff must have actual evidence on hand that a breach did occur, since it is inadequate to only suspect a breach or breaches. For instance, if you (the principal) are a stakeholder and had your investment severely reduced, your lawyer must prove that it was due the company director&rsquo s (fiduciary&rsquo s) failure to disclose certain crucial information to you. DamageNot only must a plaintiff show evidence of fiduciary breach, he or she must also show proof of loss or damage. No lawsuit is possible without actual damage incurred. You must be able to clearly demonstrate causation, from duty to damage, in order to sue for a breach of fiduciary duties. 2. Cost of litigationLitigation can often be expensive and time-consuming. In some cases, your lawyer will advise you not to bring the matter to court if the claim amount is less than the legal costs involved. Furthermore, if you are obtaining a judgement in your favour, you may want to find out if the other party has sufficient assets to pay you back. Hence, before pursuing litigation proceedings, it is typically recommended to explore other options such as negotiation and mediation for a more affordable and hassle-free process. What happens if I decide on litigation?If you are confident about proving your case, you could claim damages in the form of monies, income, property or others depending on the specifics of your lawsuit. Outside of damages, the following remedies are also available in Singapore:
Seeking legal advice for a breach of fiduciary dutiesAs highlighted above, breaching of fiduciary duty cases requires substantial time and expertise to prove. If your interests have been compromised but you are uncertain about whether to proceed with litigation or not, feel free to contact us. ![]() Delivering Solutions not just Answers to your legal disputesWe provide solutions to the table for all our clients regardless of the scale or complexity of the cases. Let us know how we can help. Contact Us Disclaimer:
Any information of a legal nature in this blog is given in good faith and has been derived from resources believed to be reliable and accurate. The author of the information contained herein this blog does not give any warranty or accept any responsibility arising in any way, including by reason of negligence for any errors or omissions herein. Readers should seek independent legal advice.
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kcs1107
Member |
19-Jan-2022 13:01
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i believe in wat i saw,the perpetual decline of the western and USA economy ,the west got nothing but perpetual rising inflation USA only have one country that can help its economy with debt of $28 trillion-China The rising of the of the eastern economy will blow u apart with RCEP tantamunt to 30% of the world economy !! be prepared to lost big if u r the herd intinct naked short seller!!!  
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Richardlai
Master |
19-Jan-2022 12:06
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Bloody BW directors. Never declare any dividend but take a lot of Bonus for themselves. | ||||
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uiop1223
Supreme |
19-Jan-2022 11:34
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U believe CCP data 😱 😱 😱
U lost too much money in best world until cannot think properly?
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kcs1107
Member |
19-Jan-2022 09:26
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only stupid assume that Xi crackdown is a prelude to  China' s demised .. China just annunced a GDP growth of  8.1% amounting to US18Trillions!!! U like all man to girly to be country?? gals should be gals and look  exceptionally beautiful while man must look ruggard !!i OCBC have  the worse security system in protecting net scam, i suppose u r one of those??I do not need cash like others!!
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Richardlai
Master |
19-Jan-2022 09:18
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Best World Management should openly declare what their plans are rahter than keep the minority in the dark ! | ||||
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uiop1223
Supreme |
19-Jan-2022 09:08
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Lol. If Winnie Xi can crack down on men who look too girly, what makes u think he will not go after beauty line. Who dares to invest in CCP now?
@kcs1107, u lose all ur money anyway. Why not deposit all money in ocbc. Got some chance of retaining some money 😂
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kcs1107
Member |
19-Jan-2022 08:51
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I will bet u with my last dollars,if all the idiots allowed even double of $1.36 ,immediately Best world try listing in HK !! Potentailly the largest in the world if trillions stock fron China get delisting orders from USA and CHINA U guess the price for BEST world ???potentially at US$5/ dollar i will the last 1 percent there!!
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camelhump
Senior |
19-Jan-2022 08:39
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will bestworld follow financial one. last time delisted from SGX at 0.25 and then relisted in Taiwan, and price now is 12.50. | ||||
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kcs1107
Member |
19-Jan-2022 08:35
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Those who think that SGX is a shorting  paradise is partly right if u lend SGX to short own counter,u r sujected a clauses that in the events of uncertainty it will be $1.36 ,which is closing price !! I have no sympathy for such individual,cos u deserve what u asking for shorting yr own stock and same time thinking of profiting from potential  delisting??? BTW i supposed the right candidate should be from brokers,institutions unlikely retaillers if yes same answer u deserved what u wants!! I only have empathy for naked short seller,cos in the laws u r not protected in any clauses under SGX !! it is only 10%,i doubts any individual is stupid enough to fall the scam!! I have question since the master mind excerbated the profits claime: " BEST World International shares fell as much as 11 per cent on Wednesday after short-seller  Bonitas Research published a 28-page report that questioned the authenticity and legality of the premium skincare firm' s profits." I will suggest class actions against the original instigator!!  
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softdrink
Member |
19-Jan-2022 00:56
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Looks like your news is not very credible.  What happened to you? Had you gone MIA these few weeks? Also, how about kcs1107, 1035834 and nott1965? All gone missing or still dreaming in your lala land? Still living in denial? Anyway, this would be one of the last time that I will be coming here. Taking my tiny little profits and off I go. Should be able to buy a new S class with the profits and capital. Done with this counter:) Should be able to square off all my outstanding short positions. Will be back if they lift the suspension and will be shorting more next time. Till then:)
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kcs1107
Member |
18-Jan-2022 12:13
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Gentle Reminded of the episode before share suspension " BEST World International shares fell as much as 11 per cent on Wednesday after short-seller  Bonitas Research published a 28-page report that questioned the authenticity and legality of the premium skincare firm' s profits. When the company halted trading of its shares at 11.25am, the stock was down 8.99 per cent at S$1.62 on volume of 8.7 million shares. Phillip Securities trader Robin Ho said: " Traders  flee to safety first but after a spate of negative reports on Best World, investor confidence has been damaged...The abrupt halt today could have caught many traders with open short positions." u need to anwer the question as a shareholder : 1 is the share worth the pathetic amount of $1.36 if anser yes!! then i suggest u back to yr financial adviser quit SGX all together 2 can the short seller be caught??be it naked or borrow?? Answer is u cannot catch  Bonitas,who  is the master mindand  who instigated the unclamied accussation ,who is behind the shortselling  ,apperently from $3.50 onwars before report come out at $1.62 3 what is the intention of founder???blatant opportunitic or testing yr patience!! if yes,u need to take class actions and sue the founder together cos the cash at hand is so much ,it can feed Generation!!
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1035834
Senior |
18-Jan-2022 11:51
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stay away from sgx listing counter, except for bank sectors , as really no protection for minority shareholders from SGX  | ||||
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kcs1107
Member |
18-Jan-2022 11:45
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sengkang
Master |
18-Jan-2022 11:35
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Law of the jungle simply explained but that' s the reality of the capital market ie no free lunch
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Richardlai
Master |
18-Jan-2022 11:29
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Unfortunately the miniority shareholders cannot do much. Blame the exchange for finding excuse to keep suspending the shares too. They could just give a warning of the risks involved and let the shares continue to be listed. There are so many worse companies still being listed in the market ....yet a cash rich company iis forced to delist ??? We just have to accept it I guess. |
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1035834
Senior |
18-Jan-2022 11:17
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https://laymaninvesting.blogspot.com/2022/01/thoughts-and-lessons-from-best-world.html | ||||
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