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Hafary
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bigdragon966
Senior |
26-Sep-2018 19:36
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The poor auditor has to put up disclaimer report http://infopub.sgx.com/FileOpen/YZ%20-%20Independent%20Auditors%20Report.ashx?App=Announcement& FileID=526304 No more auditing firm will dare to work for them anymore. |
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TanSiBeiKu
Senior |
26-Sep-2018 19:30
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Wondering why and how did SGX approve the reverse takeover of Contel in 2013. Should the Regulator found something amiss during that stage and block YuuZoo from going thru the backdoor, it would have save a lot of retailers. Best of all, the key-personel that created all this " mess" is travelling and enjoying his vacation. World Class First Exchange 
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Starship
Supreme |
26-Sep-2018 19:18
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The fascinating Magic of Monkey Business.............. YuuZoo' s audited sums show reversal into S$101m net loss WED, SEP 26, 2018 - 6:51 PM A NET loss of S$101 million for its fiscal 2017 was reported by beleaguered online media company YuuZoo Networks Group Corporation - formerly known as YuuZoo Corporation - as according to its audited results that were disclosed on Wednesday. This compared against the net profit of S$2.29 million for the 12 months ended Dec 31, 2017 that the group reported on its unaudited results. https://www.businesstimes.com.sg/companies-markets/yuuzoos-audited-sums-show-reversal-into-s101m-net-loss |
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Starship
Supreme |
26-Sep-2018 19:08
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The World' s Greatest Joke.................... 2017 (Unaudited) 2017 (Audited) SGD' 000 SGD' 000 Total income 70,245 18,176 Profit / (Loss) before income tax 3,110 (93,391) Profit / (Loss) after income tax 2,292 (100,688) Total comprehensive income / (loss) (2,033) (102,466) Total assets 106,383 14,478 Total equity 94,092 (6,146) Total liabilities 12,291 20,624 http://infopub.sgx.com/FileOpen/YZ%20-%20Variances%20Unaudited%20vs%20Audited%20FY2017.ashx?App=Announcement& FileID=526302 |
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TanSiBeiKu
Senior |
26-Sep-2018 17:58
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Refer to latest announcment " DIFFERENCE BETWEEN UNAUDITED AND AUDITED FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017" No wonder previous CFO keep resigning one by one. |
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Starship
Supreme |
07-Sep-2018 11:14
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The biggest horror circus on earth featuring SGX, MAS & Yuzoo  A Nightmare on Shenton WayPublished September 07, 2018
http://governanceforstakeholders.com/2018/09/07/a-nightmare-on-shenton-way/
By Mak Yuen Teen It (Yuzoo) now said it had applied to the French courts for &ldquo judiciary recovery proceedings&rdquo following the deterioration of cash flows due to the loss of several major customers. The proceedings commenced on August 28. So much for the S$600 million annual revenue. But perhaps that Harbin project is now in full swing&hellip &hellip Meanwhile, there has been no further news on the regulatory investigations while the former chairman, who was allowed to travel after posting a bond, has been sighted on Instagram in various exotic locations. I hope our regulators truly understand that our system is at risk of a catastrophic collapse in confidence, if this has not already happened. I have heard directly from some investors, and some through other market players, about investors giving up on investing in our market. I have never been so worried about the state of our market. Revising the corporate governance code and enhancing the listing rules feels like moving the deck chairs around when the ship is sinking. It is not just a massive debacle like Noble we are talking about, or the cruel joke that is YuuZoo, but a whole string of companies that have engaged in fraud or highly questionable deals, or destroyed massive amounts of shareholder value. |
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bigdragon966
Senior |
28-Aug-2018 13:31
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YuuZoo' s AGM delays unacceptable Published August 03, 2018 By Mak Yuen Teen Since its listing in 2014, YuuZoo Corporation (YZ) has never held its AGM on time. On 2 August 2018, it issued an announcement that it has been notified by SGX that day that its application for a waiver for an extension to hold its AGM for the financial year ended 31 December 2017 has not been granted. YuuZoo was supposed to have held its AGM by 30 April 2018. In its announcement, YuuZoo said that " the Company and its auditors are still in the process of finalising the accounts" and that " in relation to the Company' s AGM, it shall use its best endeavors to hold the same by 14 September 2018" . Why are the accounts still in the process of being finalised more than 3 months after the AGM was due? When did the auditors commence its work? The requirement to hold the AGM within 4 months of the financial year-end is a requirement of the SGX Rulebook (for other listed companies that are incorporated in Singapore, it is also a requirement of the Singapore Companies Act). Compliance with rules should not be based on " best endeavours" . Companies and boards must be held accountable for non-compliance with rules, especially in this case where there is repeated non-compliance. I also look forward to an update on the interview that the former executive chairman was scheduled to have with the Commercial Affairs Department on 4 June. The company should follow what companies like Raffles United Holdings recently did, by providing periodic updates when its directors and officers were similarly called up by CAD for interviews. https://governanceforstakeholders.com/2018/08/03/yuuzoos-agm-delays-unacceptable/ |
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Starship
Supreme |
15-Aug-2018 11:43
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Monkey business at YuuZoo? 06/07/17, 03:28 pm SINGAPORE (July 6): Lim & Tan Securities warns investors should &ldquo sell&rdquo or &ldquo avoid&rdquo social media and e-commerce company YuuZoo Corporation despite its depressed stock price. In a daily review report on Thursday, Lim & Tan says concerns raised by Mak Yuen Teen, an associate professor of accounting at the NUS Business School, suggests that &ldquo all is not well at YuuZoo Corp.&rdquo https://www.theedgesingapore.com/monkey-business-yuuzoo 
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bigdragon966
Senior |
13-Aug-2018 11:05
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National day over, the Company and its auditors are still in the process of finalising the accounts for the financial year ended 31 December
2017.
The next auditing firm will charge them 3x the price or more because they need more than 9 months to do auditing. |
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destinykraze
Elite |
23-Jul-2018 14:58
Yells: "Reality is only a matter of perception" |
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Just pay attention when they resume trading, there will be monkey attempting to salvage this, just offload and dont look back. should be able to get a fraction of what u paid for. 5k shares isn' t too bad. I bought 250k @ $0.17. and sold it at $0.16. Managed to recoup some losses by shorting this monkey counter.
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jcwc88
Member |
05-Jul-2018 11:54
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i see, so its just a case of it declining by itself. yeah i am mentally prepared to write off liao
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tonylim70
Veteran |
04-Jul-2018 12:53
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Most important question, is the CEO back from overseas?
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bigdragon966
Senior |
04-Jul-2018 12:46
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July already, still no annunal report , no AGM. | ||||
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Lurker251
Senior |
04-Jul-2018 10:20
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I am sorry, i am just joking with you regarding the stock split. I thought you knew what happened to this counter. the stock price just simply decline due to creative accounting and allegations of financial fraud. the revenue and assets reported are highly likely to be non existence. CAD are currently investigating. very high chance u have to write off your entire investment. This yuuzoo cld really jus be a highly valued shell company with a creative accounting team.
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jcwc88
Member |
04-Jul-2018 09:51
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sorry noob here, but hw does stock split affect me if this counter is not suspended? i look at my stan chart trading acct, and the qty stated is the same as when i bought it in 2015. if i had bought 5k shares back then, it wud be 50k of shares now? | ||||
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Lurker251
Senior |
03-Jul-2018 17:16
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Not consolidAtion... stock split 1 for 10. you buy this counter for passive long term investing ah? Lol anyway doesnt matter liao next target price 0.00 by the way this counter suspended, you know right
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jcwc88
Member |
03-Jul-2018 15:52
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has this share undergone share consolidation before? been holding this stock since 2015 , bought at 0.4 now its 0.038 :( |
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Starship
Supreme |
04-Jun-2018 14:48
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destinykraze
Elite |
04-Jun-2018 13:58
Yells: "Reality is only a matter of perception" |
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Best to not trade small and mid caps listing in SGX. tons of creative accounting and magic.
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ranthana
Senior |
02-Jun-2018 21:11
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Don't buy SGX stocks... Too many fraudulent listings
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