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HGH 2021
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theguardian
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08-May-2017 22:43
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Over the years I have lost count of how many listed firms ran foul on our bourse. Surely something can be done to change this. If not, buying local stocks is like going to a Casino. ......" is like a box of chocolates......you never know what to expect" . This seems like " suka suka main main" saga with not even a slap on the wrist. Who next? It' s so easy isn' t it. Just imagine investors bought in due to their" stretching the truth" ......any chance of a recourse and get money back?
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Stanton
Veteran |
08-May-2017 21:38
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Agree with you this time more conservative, why? Because cannot pun pi pi any more. One more time disclaimer sure kaput. So better listen to auditors and show the real numbers and be a good corporate citizen. Then what will happen??? Sure crash lah because last 2 years numbers no hold water. Then we buy low sell high.
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Maller
Elite |
08-May-2017 21:21
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Tmr will rise, huat arr |
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ticktock
Master |
08-May-2017 21:13
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just watching all the drama from the sidelines...:) |
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Lurker251
Senior |
08-May-2017 21:09
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last year, the management still Stubbornly insist their " big 4" revenue recognition is correct and insist that it was MooreStephens that dont understand their business model. I guess now have to eat humble pie. |
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Lurker251
Senior |
08-May-2017 21:06
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To avoid facing the same issues that prevented MooreStephens LLP from expressing an opinion on
the FY 2015 results, the Company has taken great care to in 2016 ensure even more prudent and
transparent financial reporting. The Company has also adopted significantly more conservative
accounting policies than in 2015.This has included a number of adjustments to the financial
statements in order to make them more conservative,more prudent and more supportable.
Guys if you read between the line
More Prudent and Transparent
More Conservative
Adjustments
more conservative,more prudent and more supportable.
Does it means that 2015 and 2016 unaudit accounts are TOO AGRRESIVE and NOT SUPPORTABLE? Also note they made number of ADJUSTMENTS.
Does this adjustment means MASSIVE WRITE DOWN OF REVENUE AND ASSETS?
I think you guys should get the HINT. SELL OFF TOMORROW before the audited report give you a shock of your life.
Finally after close to 2 years. Happy to know this saga will come to an end soon. for people who are stuck, take it as a lesson learnt.
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Shifu8888
Supreme |
08-May-2017 20:56
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Come on gentlemen, signing of public accounts fall under the purview of Audit Committee lah... the debacle of FC might have blown out of proportion. Just wait patiently. (I am not vested but just waiting for the right moment to enter). Don't speculate further. RT is a reputable auditor. If the numbers are certified by RT, yuuzoo will fly to holland. Yes... fly to northward to holland. If the accounts have lots of provisions, it may not be too bad as this time round there should be adequate housekeeping and more conservative approach. Lets see.
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bank123
Member |
08-May-2017 20:42
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Wapian ! want high salary but kiasi. The Chairman explains so well the revenue model but kiasi to sign off the revenue. He has announced so many deals in the past, did he sign off the deals ? SGX should query on the all the announcements. Relativity Media deal real or fate ? Did Yuuzoo sign off Relativety Media' s deal ? Alibaba deal real or fate ? Did Yuuzoo sign off Alibaba' s deal ? These two are companies in the world. Can anyone update ?
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alishan
Senior |
08-May-2017 20:29
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Kong si mi sai. 
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Stellar
Member |
08-May-2017 20:24
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WOW, FM A STOCK MARKET ISSUE AND MAY BECOME VERY COMPLICATED INVOLVING OTHER SOVEREIGN NATION. SGP, DUBAI, NIGERIA AND FINLAND IN THE SPELLING. NO RESPECT FOR HUMAN. NO RESPECT FOR SOVERIGN NATION. RESPECTIVE DIPLOMAT MAY BE READING THIS PUBLIC. EITHER THE WRITER IS DRUNK OR TOO KNOWLEGEABLE OR TOO BRAVE OR TOO SHALLOW. GOOD LUCK. |
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Stanton
Veteran |
08-May-2017 20:15
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When previous CFO joined they issue press relase on his background and listed co experience. Experienced CFO work only for few months then run road, what do you make of it. Now ask FC to sign. I think chairman should sign since he promote his shares at more than $1 but scared to sign. Hahaha
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bank123
Member |
08-May-2017 19:55
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Sure or not can fly so far to Horlan ? Horlan might need to consider seriuosly keeping it.
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sheerluck
Supreme |
08-May-2017 19:51
Yells: "Work for your money first then let your money work for you" |
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That what corporate mgmt are good at. When it is time to sacrifice, they will but they will sacrificed kakia. Who sign, who die. Who should die. Mgmt die die don' t sign becos they dont want to die. So kakia should die for them........
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bank123
Member |
08-May-2017 19:47
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Very funny, Why Yuuzoo ask the Finanancial Controller to sign off their revenue policy ? Why didn' t Yuuzoo ask the Executive Chairman, CEO or CFO to do so when they should be the right persons to sign off revenue policy ? SGX should raise query ? Was the CFO afraid to sign off, then they ask FC to sign off ? Then now who to sign off the revenue recognition policy ? Perhaps Kenneth Lim can follow up with Yuuzoo.
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sheerluck
Supreme |
08-May-2017 19:46
Yells: "Work for your money first then let your money work for you" |
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More likely from Dreamland.
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Stanton
Veteran |
08-May-2017 19:43
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Maybe from Finland. Dare to say but dare not name who and dare not show report,LOL.
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johnng
Supreme |
08-May-2017 19:34
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Yuuzoo ran out of favour recently...time for the boys to switch to other tech penny |
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sheerluck
Supreme |
08-May-2017 19:33
Yells: "Work for your money first then let your money work for you" |
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Well done SGX for asking a necessary but useless question to justify your existence. Well done Yuuzoo for being so kind-hearted to your shareholders. Now you two can get married and live happily everafter.
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destinykraze
Elite |
08-May-2017 19:24
Yells: "Reality is only a matter of perception" |
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Are they the same and one person? got banned? either way got some people think they got exposed as employee of Yuuzoo. Probably not coming back.
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destinykraze
Elite |
08-May-2017 19:19
Yells: "Reality is only a matter of perception" |
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BT journalist Kenneth Lim revealed this morning that Mr Thai quit the co because he disagreed and refuse to sign of the yuuzoo revenue recognition calculation. Enough said. Same old shit.
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