| Latest Forum Topics / YuuZoo Networks |
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China Everbright
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Lurker251
Senior |
29-May-2017 19:20
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This yuuzoo cannot be trusted one la, donno why so many hardcore supporter. in 2015 when they use the big 4 model, they say its very conservative. See what happened now. in 2016 when audit got issue. They seek extention of agm citing " printing error" not forgetting the many dodgy stock exchange annoucements to boost shareprice, obviously for pump and dump. the recent annoucement on agreeing all the audit adjustment and net profit of $16m is bordering on misrepresentation or fraud if it turn out to be not true. No wonder no letterhead and signoff. |
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Stanton
Veteran |
29-May-2017 19:00
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Actually, I didn't realize that last years Disclaimer of Opinion by Moore Stephens is the most serious statement an auditor can make until I met up an old kaki who is a very lao qiao auditor. It is far worst than a qualified or adverse opinion report which is disagreements in certain areas. In Yuuzoo case, they totally say NO OPINION at all.
Yuuzoo should have been suspended last year until the financials are done up in a way that the auditors can give an opinion. They have continued to report fantastic performance in 2016. Waiting to see any opinion or what opinion from RT. |
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bigdragon966
Senior |
29-May-2017 18:15
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SGX should delist them based on sgx rules chap13, part3 1303 (4-7)   |
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edwinjup
Supreme |
29-May-2017 18:14
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No directors fees....lol | ||||
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sheerluck
Supreme |
29-May-2017 18:06
Yells: "Work for your money first then let your money work for you" |
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SGX: Yuuzoo, you must release Annual Report asap if not will kanna suspension! Yuuzoo: Come let me stroke stroke your belly. After stroking for a while... Yuuzoo: Songbo? SGX:   Sibei song arh!!!!!
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Stanton
Veteran |
29-May-2017 18:03
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This zoo is full of excuses and lies. Just 5 days before last day AGM on 30 Apr, they announce asking for extension, why don't do so earlier?
The kind SGX granted them extension to 30 May. Then knowing the can't meet 30 May. The confidently announced on 18 May that AGM will be held on 15 Jun. Can even give profit estimates and say ALL ADJUSTMENTS AGREED WITH AUDITORS and annual report will be sent out before end of May. Wah everyone waiting patiently. Then on 23 May drop a bomb to ask for extenstion to 22June instead of 15 June as promised. Today after kenna rejected by SGX say auditors still reviewing financial statements. Didn't they say on 18 May that all adjustments agreed with auditors s already??? Is that a Lie?? How you trust this zoo?? They keep breaking rules after rules, give excuses after excuses, cannot trust a word from them. SGX should just suspend them u till the annual report is ready. |
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sheerluck
Supreme |
29-May-2017 17:51
Yells: "Work for your money first then let your money work for you" |
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SGX: Yuuzoo, you must held AM asap. Yuuzoo:   Come let me stroke stroke your belly. After stroking for a while..... Yuuzoo: Songbo? SGX:   Sibei song arh!!!!   
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GuavaXF30
Elite |
29-May-2017 17:50
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Suspend. That is in SGX' s power to do of companies do not comply with listing requirements. Which means, shareholders like you kenna tiang again.
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sheerluck
Supreme |
29-May-2017 17:48
Yells: "Work for your money first then let your money work for you" |
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Normally year-end auditing typically only takes at most 3 months.   This one 5 months liao still cannot sign off.   Very obvious liao.   I pity their auditors.   Kanna " sia gan" .   Maybe later also raise white flag and ask to be replaced....... | ||||
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TenPips
Veteran |
29-May-2017 17:46
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Must penalize. Cannot let this set precedence. Else all companies do the same. Don't care about rules, regulations and requirements of being listed.
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edwinjup
Supreme |
29-May-2017 17:42
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What sgx can do??..nato....every co can start party..dont need rush..lol
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GuavaXF30
Elite |
29-May-2017 17:38
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Sadly, you may be right. The management must be working overtime to try and convince auditors to sign off on their claims. Problem is glaring when even people you pay do not/dare not do as you tell them to.
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TenPips
Veteran |
29-May-2017 17:26
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Can' t even follow simple rules. So many excuses. Make it work - if no time to print, just publish in sgx announcement page. If auditor can' t finish audit in time, something was wrong with the timeline given to them which should have been stated in the contract.  If all companies or all workers give excuses like these, Singapore will be doomed. |
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Braveheart
Member |
29-May-2017 14:27
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will not touch this one till the AGM because it may be suspended any time by SGX.
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Lt_investor
Master |
29-May-2017 14:25
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This one still got people dare to buy or short | ||||
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Braveheart
Member |
29-May-2017 14:17
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clear all my shares in the morning at 0.087~0.088 even I still lost a lot for this counter. Will try a chance after AGM. |
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GuavaXF30
Elite |
29-May-2017 14:12
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Sell down should not be surprising. 
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Stanton
Veteran |
29-May-2017 13:22
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Good idea, 1st in the world reaching out to billions of investors on all stock exchange. Charge $1 per shareholder and paid by the company and with revenue share with the stock exchange.
The platform will have latest update of shareholders information and biometrics. There will be video conferencing and voting system via double authentication by finger print and facial recgonition. Yuuzoo will franchise this 1st in the world confering and voting system to all stock exchange and accept franchise payment by shares. Yuuzoo shareholders will become immediate shareholders of Exchanges globally and stand to reap substantial gains in profits from these shares in years to come. Will TarZan work on this idea immediately please?
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Braveheart
Member |
29-May-2017 12:58
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A little surprise that SGX just rejected the AGM extension application or they just told us? Only two days by May 30, is it enough to take action for AGM?
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mepkoh
Elite |
29-May-2017 12:33
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u zoo.. u can hold a virtual agm... sstart one...maybe sgx can see your point. the future of all agms..   |
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