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YuuZoo (fka W Corp) (fka Contel)
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DifferentDad
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19-Sep-2017 13:49
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http://www.straitstimes.com/business/industry-awards-farce-or-fortune   E-commerce firm YuuZoo Corp will appoint an independent third party to investigate claims and statements made about the company. The move was described by YuuZoo in a pre-market exchange filing yesterday as an initiative " to put an end to further speculation and misleading public claims" . It came in response to six articles published in The Business Times between May 4 and July 11 and claims made in public and privately by its former financial controller.  
 
YuuZoo said it believes the recent decline in its share price can be linked to the " inaccurate statements and claims" made in the articles. It added that many of the issues raised had already been addressed by its auditors for its 2016 financial results. They gave YuuZoo a clean audit. " Despite this, the board has, at the suggestion of the company' s executive chairman, decided on the following initiatives to put an end to further speculation and misleading public claims," it said. YuuZoo noted the claims to be investigated include those filed by former YuuZoo employees against the firm' s former financial controller, including two different police reports, one of which was filed for extortion. |
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andysim83
Elite |
05-Sep-2016 11:51
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lol...as usual like yuuzoo management..play on their JVs news...haha after that no follow up...haha now dont even bother to resolve the auditor issue...haha....
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Demostation
Supreme |
05-Sep-2016 11:37
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Play the old record over and over again, the auditor issue?  Short and play the record, short and play the record. The record never breaks, but the gramophone may break. Hahaha. |
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andysim83
Elite |
29-Aug-2016 13:00
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ready to short aain...lol...wont know how long they will take to resolve auditor... drag until 2017 to resolve 2015 FY results lol...dragging for so long..make ppl wonder...are they able to find a Big 4 auditor or not....
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Macqueen
Master |
25-Aug-2016 17:52
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Think still go meat to short my 2 cent
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andysim83
Elite |
25-Aug-2016 15:50
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for sure 1 thing....auditor issue they will drag n drag...coming 4 months...lets see how long they will take...hopefully they dun come out with JV using shares again..definitely make their share price worse.... 
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andysim83
Elite |
25-Aug-2016 15:06
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lol...up 1 day down again....no hope in this counter...this 1 is 90% time short..make money...
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treetops
Elite |
25-Aug-2016 13:05
Yells: "Moments Today, Memories Tomorrow!" |
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Arthur Andersen LLP, based in Chicago, is an American holding company and formerly one of the " Big Five" accounting firms among PricewaterhouseCoopers, Deloitte Touche Tohmatsu, Ernst & Young and KPMG, providing auditing, tax, and consulting services to large corporations. In 2002, the firm voluntarily surrendered its licenses to practice as Certified Public Accountants in the United States after being found guilty of criminal charges relating to the firm' s handling of the auditing of Enron, an energy corporation based in Texas, which had filed for bankruptcy in 2001.
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sheerluck
Supreme |
25-Aug-2016 12:11
Yells: "Work for your money first then let your money work for you" |
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Reminded me of ENRON and Arthur Andersen.
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treetops
Elite |
25-Aug-2016 10:34
Yells: "Moments Today, Memories Tomorrow!" |
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" hey..u won' t do it.....I just find someone else....here...pay u some money....just do it" ...... Then that auditor will be asked to go la kopi!  lol
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andysim83
Elite |
25-Aug-2016 09:59
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lol....ppl do ecommerce got cash revenue coming in...this 1 do for so long still paper revenue....few hundred million revenue yet cannot cash out...which auditor dare to put their chop on it...
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zandlery
Supreme |
24-Aug-2016 17:21
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don't think the auditor issue will be easily resolved.... most auditors using similar method to audit......it not like "hey..u won't do it.....I just find someone else....here...pay u some money....just do it"......if other e-commence business did not encounter problem in auditing.....why Yuuzoo have issue......it should arouse doubt whether their business are real.....
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destinykraze
Elite |
24-Aug-2016 17:14
Yells: "Reality is only a matter of perception" |
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lucky not to short it at 0.145. rebouncing. Mcdonald also watching this counter. |
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mkaung2000
Veteran |
24-Aug-2016 15:59
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Yes.. short more, pls. lol.  
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Astroman
Member |
24-Aug-2016 15:45
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e commerce is a big thing now. Hold for long should be beneficial. Once the auditor issue is resolved and dividens are given in cash, the price of Yuuzoo will go up. Those who play contra or short, you have to go thru the anxiety of the fluctuation of the stock movement. |
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sgxtrader2013
Senior |
24-Aug-2016 15:37
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Time to start short it right now. | ||||
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samson
Master |
24-Aug-2016 15:18
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Any Good News Yuuzoo up again today ?
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golden_SGX
Master |
24-Aug-2016 13:27
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only sell from 0.15 & below also need to BUY ... cut loss now before the px move higher !
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jayarumah
Master |
24-Aug-2016 13:06
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If like blumomt how ah ?
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jayarumah
Master |
24-Aug-2016 13:04
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My data shows no short sell ....only sell : )
And A to B B to C C to ....A ?
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