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vivacious Supreme	09-May-2017 10:14        vivacious About Contact  Quote this Post!
x 0   x 0  Alert Admin	alamak, queue at 6,7c only to se it chiong. NextEvolution      ( Date: 09-May-2017 10:13) Posted: Suddenly Ah Zoo on steroids
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NextEvolution Elite	09-May-2017 10:13        NextEvolution About Contact  Quote this Post!
x 0   x 0  Alert Admin	Suddenly Ah Zoo on steroids
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mogambo Senior	09-May-2017 09:54        mogambo About Contact  Quote this Post!
x 0   x 0  Alert Admin	as the saying goes " it is different strokes for the different folks" . the company did the right thing legally by speaking to the journalist and showing him the facts.   the misunderstandings should end and the facts should be known to all the stactoonsake holders including investors. We always need 2 hands to clap. Let thr company take legal whatever is fit and proper. this was not required but if someone puts ones interest to work against a community and a company who was a source of his bread and butter. Morello      ( Date: 09-May-2017 09:01) Posted: ANNOUNCEMENT IN RESPONSE TO THE BUSINESS TIMES ARTICLE &ldquo YUUZOO EX-GROUP FINANCIAL CONTROLLER&rsquo S EXIT PRECEDED BY REFUSAL TO AFFIRM REVENUE POLICY&rdquo DATED 6TH MAY 2017 With reference to the Business Times article &ldquo YuuZoo ex-group financial controller&rsquo s exit preceded by refusal to affirm revenue policy&rdquo published on Saturday May 6th, 2017, the board of YuuZoo Corporation Ltd (&ldquo YuuZoo&rdquo ) wishes to state the following: Further to the first article published by the Business Times on 5th May 2017, YuuZoo met with the journalist who published the article to explain the factual circumstances of the termination of Mr Thai Youn Fatt&rsquo s (&ldquo Mr Thai&rdquo ) employment. Documents evidencing the following were shown to the journalist, namely (i) the termination letter terminating Mr. Thai&rsquo s employment with immediate effect which was accepted and signed by Mr. Thai (the &ldquo Termination Letter&rdquo ), and (ii) the confirmation letter signed by Mr. Thai confirming that &ldquo he did not and does not have any issues, problems with or concerns in relation to the Company&rsquo s accounts, accounting records or accounting policies&rdquo . In response to both the article on May 5th as well as the article on May 6th 2017, YuuZoo has sent a letter to the Business Times which YuuZoo understands will be published on Tuesday, 9 May 2017 setting out its response to both articles. Mr Thai Youn Fatt has made false and potentially misleading statements which in the Company&rsquo s view, may lead shareholders and/or members of the public to erroneously infer or form the misconception that he left the Company due to a disagreement over the Company&rsquo s revenue recognition policy. The Company wishes to clarify that the actual reasons for Mr. Thai&rsquo s termination, which are cited in the Termination Letter, are &ldquo numerous incidents of harassment of staff, threats made and abusive language used, insubordination and generally unacceptable behaviour in the workplace&rdquo . Since Mr Thai&rsquo s termination, Mr. Thai has, in the view of the Company, committed another offence that has resulted in a police report being filed against him. A police investigation has commenced.    YuuZoo is currently seeking legal advice on the statements made by and actions taken by Mr Thai subsequent to his termination, and will not hesitate to take all necessary steps to protect its interests and the interests of its shareholders. By Order of the Board Thomas Zilliacus Executive Chairman 9 May 2017
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TenPips Veteran	09-May-2017 09:51        TenPips About Contact  Quote this Post!
x 0   x 0  Alert Admin	I agree with you that there' s no need to add oil to fuel and cook up unproven rumours. In the same vein, excessive optomism should also be stamped till issues are cleared or clearing.  Wish those who are vested of more good news to come.  mogambo      ( Date: 09-May-2017 00:22) Posted: Yes,I am not comparing   Yuuzoo to them , what you say it true also?   let the audit committe do their job and   prove the facts. Let' s not make assumptions and spread unnecessary negativities. I am just saying it is difficult to understand such business and the revenue model they have derived   to show the numbers from the time the company is listed and running its operations here.   Even Alibaba talked big   when it was operating from home and literally nothing was seen in its coffers for years .   Lets be conservative there are 100s of companies   which take time to stand, walk and Run.. Lets not kill them with more and more negativity of course this   is not good for our own home grown companies. Thank You. Lurker251      ( Date: 09-May-2017 00:11) Posted: Please dont compare YZ to google, if this coming audited report shows massive write down on revenue. It means the   2015 annual report and 2016 quarterly annoucement number anyhow pom one. I dont know if this can be considered as fraud?
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TenPips Veteran	09-May-2017 09:50        TenPips About Contact  Quote this Post!
x 0   x 0  Alert Admin	Haha. Hope your insomnia will be over soon. Sleep well and live healthier and longer.  mogambo      ( Date: 09-May-2017 05:52) Posted: some days I sleep and   wake up at 2am. some days I am a robot. jm2212      ( Date: 09-May-2017 03:58) Posted: U robot? Don't need to sleep
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golden_SGX Master	09-May-2017 09:27        golden_SGX About Contact  Quote this Post! Style: Flexible
x 0   x 0  Alert Admin	... also don' t post anything here & lock this topic. edwinjup      ( Date: 09-May-2017 08:22) Posted: dont bother....just dont buy dont short.... vivacious      ( Date: 09-May-2017 08:11) Posted: will the plunge continue?
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Morello Veteran	09-May-2017 09:01        Morello About Contact  Quote this Post! Style: Combined   Mood: Yells: "In it for the long haul"
x 0   x 0  Alert Admin	ANNOUNCEMENT IN RESPONSE TO THE BUSINESS TIMES ARTICLE &ldquo YUUZOO EX-GROUP FINANCIAL CONTROLLER&rsquo S EXIT PRECEDED BY REFUSAL TO AFFIRM REVENUE POLICY&rdquo DATED 6TH MAY 2017 With reference to the Business Times article &ldquo YuuZoo ex-group financial controller&rsquo s exit preceded by refusal to affirm revenue policy&rdquo published on Saturday May 6th, 2017, the board of YuuZoo Corporation Ltd (&ldquo YuuZoo&rdquo ) wishes to state the following: Further to the first article published by the Business Times on 5th May 2017, YuuZoo met with the journalist who published the article to explain the factual circumstances of the termination of Mr Thai Youn Fatt&rsquo s (&ldquo Mr Thai&rdquo ) employment. Documents evidencing the following were shown to the journalist, namely (i) the termination letter terminating Mr. Thai&rsquo s employment with immediate effect which was accepted and signed by Mr. Thai (the &ldquo Termination Letter&rdquo ), and (ii) the confirmation letter signed by Mr. Thai confirming that &ldquo he did not and does not have any issues, problems with or concerns in relation to the Company&rsquo s accounts, accounting records or accounting policies&rdquo . In response to both the article on May 5th as well as the article on May 6th 2017, YuuZoo has sent a letter to the Business Times which YuuZoo understands will be published on Tuesday, 9 May 2017 setting out its response to both articles. Mr Thai Youn Fatt has made false and potentially misleading statements which in the Company&rsquo s view, may lead shareholders and/or members of the public to erroneously infer or form the misconception that he left the Company due to a disagreement over the Company&rsquo s revenue recognition policy. The Company wishes to clarify that the actual reasons for Mr. Thai&rsquo s termination, which are cited in the Termination Letter, are &ldquo numerous incidents of harassment of staff, threats made and abusive language used, insubordination and generally unacceptable behaviour in the workplace&rdquo . Since Mr Thai&rsquo s termination, Mr. Thai has, in the view of the Company, committed another offence that has resulted in a police report being filed against him. A police investigation has commenced.    YuuZoo is currently seeking legal advice on the statements made by and actions taken by Mr Thai subsequent to his termination, and will not hesitate to take all necessary steps to protect its interests and the interests of its shareholders. By Order of the Board Thomas Zilliacus Executive Chairman 9 May 2017
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edwinjup Supreme	09-May-2017 08:22        edwinjup About Contact  Quote this Post!
x 0   x 0  Alert Admin	dont bother....just dont buy dont short.... vivacious      ( Date: 09-May-2017 08:11) Posted: will the plunge continue?
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Shifu8888 Supreme	09-May-2017 08:15        Shifu8888 About Contact  Quote this Post!
x 0   x 1  Alert Admin	TIme to load a bit today..
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vivacious Supreme	09-May-2017 08:11        vivacious About Contact  Quote this Post!
x 0   x 0  Alert Admin	will the plunge continue?
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edwinjup Supreme	09-May-2017 07:52        edwinjup About Contact  Quote this Post!
x 0   x 0  Alert Admin	stop talking...when agm?? where is auditor report??...
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mogambo Senior	09-May-2017 05:52        mogambo About Contact  Quote this Post!
x 0   x 0  Alert Admin	some days I sleep and   wake up at 2am. some days I am a robot. jm2212      ( Date: 09-May-2017 03:58) Posted: U robot? Don't need to sleep? mogambo      ( Date: 09-May-2017 03:55) Posted: I also feel so   not only my fingers are crossed. My legs are crossed too.. .I have high hope it will fly like superman if no issues at all.
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jm2212 Master	09-May-2017 03:58        jm2212 About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	U robot? Don't need to sleep? mogambo      ( Date: 09-May-2017 03:55) Posted: I also feel so   not only my fingers are crossed. My legs are crossed too.. .I have high hope it will fly like superman if no issues at all. Shifu8888      ( Date: 08-May-2017 13:02) Posted: Against popular beliefs, I have got a gut feeling their new auditor may clear their accounts and share price may fly off. Well...... not sure how all the saga will pan out..... fingers crossed.
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mogambo Senior	09-May-2017 03:55        mogambo About Contact  Quote this Post!
x 0   x 0  Alert Admin	I also feel so   not only my fingers are crossed. My legs are crossed too.. .I have high hope it will fly like superman if no issues at all. Shifu8888      ( Date: 08-May-2017 13:02) Posted: Against popular beliefs, I have got a gut feeling their new auditor may clear their accounts and share price may fly off. Well...... not sure how all the saga will pan out..... fingers crossed.
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mogambo Senior	09-May-2017 00:38        mogambo About Contact  Quote this Post!
x 0   x 0  Alert Admin	I am not sure of this. All the orders are executed based on the valuation model and the authorized signatories from the 2 parties legal existing companies in many parts of the worlds. Unless the audit companies proves all the deals derived to accounting of the financial records are   wrong and fictitious then it is a different story altogether. Anyway the statement from the companies executive chairman on query from SGX, states the comments. Lets see if the numbers hold water or are just virtual as some claim.  Lurker251      ( Date: 09-May-2017 00:13) Posted: If the management report FIGURE knowingly that they are unsubstantiated or cannot be supported. Can it be consider falsifying accounts?
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mogambo Senior	09-May-2017 00:22        mogambo About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes,I am not comparing   Yuuzoo to them , what you say it true also?   let the audit committe do their job and   prove the facts. Let' s not make assumptions and spread unnecessary negativities. I am just saying it is difficult to understand such business and the revenue model they have derived   to show the numbers from the time the company is listed and running its operations here.   Even Alibaba talked big   when it was operating from home and literally nothing was seen in its coffers for years .   Lets be conservative there are 100s of companies   which take time to stand, walk and Run.. Lets not kill them with more and more negativity of course this   is not good for our own home grown companies. Thank You. Lurker251      ( Date: 09-May-2017 00:11) Posted: Please dont compare YZ to google, if this coming audited report shows massive write down on revenue. It means the   2015 annual report and 2016 quarterly annoucement number anyhow pom one. I dont know if this can be considered as fraud?
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Lurker251 Senior	09-May-2017 00:13        Lurker251 About Contact  Quote this Post!
x 0   x 0  Alert Admin	If the management report FIGURE knowingly that they are unsubstantiated or cannot be supported. Can it be consider falsifying accounts?
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Lurker251 Senior	09-May-2017 00:11        Lurker251 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Please dont compare YZ to google, if this coming audited report shows massive write down on revenue. It means the   2015 annual report and 2016 quarterly annoucement number anyhow pom one. I dont know if this can be considered as fraud?
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mogambo Senior	09-May-2017 00:03        mogambo About Contact  Quote this Post!
x 0   x 0  Alert Admin	boss I am still around and I dont understand the reason why I have to go into hiding. I have not broken the code of conduct, or the terms of conditions here. As I have explained to you all I have nothing to do with the insiders or the other users you still think I   am ha ha ha a investsg and investboy..   No worries even Warren Buffet did no understand the business of Google, Amazon, Microsoft,   Facebook and other Social network and tech companies. Many of us will not understand Yuuzoo business model too.. as I said such companies take time to grow over a period. We cannot expect Yuuzoo to be a gold mine in a matter of months... Some companies take time to grow and Shine. Yuuzoo was a make in Singapore   first Social Networking ecommerce company. We all investors used it as a Gambling Den to Kill   our homegrown   first Social Networking, E commerce   singapor listed company. I dont know if I have to Cry or I have to Laugh.   All I can say is good luck and   all the best to Yuuzoo as I am proud of Singapore and Proud of it home grown products.  This is a brief quote by Warren Buffet to it share holders recently  Warren Buffett admitted to shareholders Saturday that he made a mistake by not buying Google shares years ago, when the company was getting $10 or $11 per advertising click from Berkshire Hathaway consumer insurance company subsidiary Geico. The Oracle of Omaha also professed ignorance on other big technology stocks, whose rallies he missed because he didn' t quite appreciate their value proposition at first glance. On CNBC' s " Squawk Box" on Monday, Buffett said, " If I was forced to buy [Google-parent Alphabet] or short it, I' d buy it same way with Amazon. But it' s as little hard when you look at something at ' X' and it sells at 10X to buy it." destinykraze      ( Date: 08-May-2017 19:24) Posted: 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. Shifu8888      ( Date: 08-May-2017 13:35) Posted: True..... Will need mogambo, investsg and investboy advice... :
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mogambo Senior	08-May-2017 23:40        mogambo About Contact  Quote this Post!
x 0   x 0  Alert Admin	I dont know what you all are talking. I am also waiting and watching for the audit results. Whose responsibilty is it for the revenue policy? Well I am not an expert to comment on it , but all I can say is that all the Finance, Operations, and Sales teams in a company are interlinked to the the   Goals and Objectives of an organization to   and to meet the Milestones it has charted or planned in it blue print.   I cant say whether it is the Finance Controllers responsibility , the CEOs responsibility, the CFO' s responsiblity or the Executive chairmains responsibility to take up ownership on the Revenue model the company had adopted to derive its revenues. There are many changes in this Company and if you see both the Financial Controller and Executive Chairman are the last standing men and have been part of the organization for the time the Revenue Model was deveoped and was in place.   My IQ is very very low ha ha ha below 100 and I am not intellegent to deliver a lecture on this. However,   I would say all are responsible and as representatives of the company any authorized signatories can sign. In this case since the CEO, CFO are history for this organizaion and the Finance Controller   is the last man standing   and was not comfortable to sign since he is holding postion in Yuuzoo since 2015, Then the Finance controller , and the Executive Chairman could have jointly signed together just to smoothen the matter for the most crucial audit verficaiton works. Just my 2 cents... I am not an expert friends please excuse me if my language is not clear too. Sorry If I am not clear .... All I am doing is expressing my point of veiws. Take it or leave it. Thank you all. Shifu8888      ( Date: 08-May-2017 13:35) Posted: True..... Will need mogambo, investsg and investboy advice... :) sheerluck      ( Date: 08-May-2017 13:26) Posted: How audtior clear if their own financial controller refused to sign off their revenue policy?   Surely this one warrant caution, no?
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