Back

Latest Forum Topics / Best World

Post Reply

THE BEST IS YET TO BE Post Reply Rate topic
stockpicker Master	19-May-2019 08:36        stockpicker About Contact  Quote this Post!
x 0   x 0  Alert Admin	China banned MLM because it is hard to control and MLM will eventually evolve to become pyramid selling and 拉 人 头 。   Just proving that BWL is doing MLM will not attact the attention of the Authorities and the die hard investor.    So VV and BR will have to work harder to prove that BWL is doing pyramid selling and 拉 人 头 .    It will be complete if VV and BR can also prove that BWL is also doing false advertisement stockpicker      ( Date: 19-May-2019 08:03) Posted: Direct sellers doing MLM is not something new.. more than 70% of direct sellers in China are doing MLM and the Authority just opened one eye and closed one eye because what they are going for is pyramid selling and false advertising   particularly,  拉 人 头 。   VV and BR must show that BWL is doing pyramid selling and false advertising or colluding with ChangSha best to make false profits.. As for MLM,  nost investors are aware that  BWL was doing MLM,  particularly in Taiwan and Phillipines and have been doing it for many many years.. this because Direct Selling without MLM is not always makig money. Sin_Cos_Tan      ( Date: 18-May-2019 20:22) Posted: What follows is some excerpts of the  VV' s report: Our research is based on actual interviews with dozens of Best World agents in China, backed by audio and video recordings of their testimonies.  We will be happy to send these on to SGXRegCo and the independent auditors PwC for verification. They will see, as we have, that the leaders of Best World have been consistently lying about their business model in China.  The next big event on BWL' s calendar is its annual general meeting.... we urge investors to cut through the deception by asking a few questions. 1) Show them the evidence that we have gathered here and ask them if they continue to deny that they are no longer using the MLM in China. 2) Ask them to show specific proof - receipts, numbers - that their products are bought by consumers, rather than agents/sales people. 3) Ask them if they are afraid of the Chinese government investigating the company for direct selling practices - if they are not, then ask for them show proof that the Chinese authorities have specifically cleared them of direct selling.
Useful To Me  Not Useful To Me
stockpicker Master	19-May-2019 08:03        stockpicker About Contact  Quote this Post!
x 0   x 0  Alert Admin	Direct sellers doing MLM is not something new.. more than 70% of direct sellers in China are doing MLM and the Authority just opened one eye and closed one eye because what they are going for is pyramid selling and false advertising   particularly,  拉 人 头 。   VV and BR must show that BWL is doing pyramid selling and false advertising or colluding with ChangSha best to make false profits.. As for MLM,  nost investors are aware that  BWL was doing MLM,  particularly in Taiwan and Phillipines and have been doing it for many many years.. this because Direct Selling without MLM is not always makig money. Sin_Cos_Tan      ( Date: 18-May-2019 20:22) Posted: What follows is some excerpts of the  VV' s report: Our research is based on actual interviews with dozens of Best World agents in China, backed by audio and video recordings of their testimonies.  We will be happy to send these on to SGXRegCo and the independent auditors PwC for verification. They will see, as we have, that the leaders of Best World have been consistently lying about their business model in China.  The next big event on BWL' s calendar is its annual general meeting.... we urge investors to cut through the deception by asking a few questions. 1) Show them the evidence that we have gathered here and ask them if they continue to deny that they are no longer using the MLM in China. 2) Ask them to show specific proof - receipts, numbers - that their products are bought by consumers, rather than agents/sales people. 3) Ask them if they are afraid of the Chinese government investigating the company for direct selling practices - if they are not, then ask for them show proof that the Chinese authorities have specifically cleared them of direct selling.   Sin_Cos_Tan      ( Date: 18-May-2019 19:54) Posted: Hero to Zero   http://valiantvarriors.wixsite.com/home/newletters/hero-to-zero  Current Price: S$1.36 Target Price: S$0.00
Useful To Me  Not Useful To Me
Sin_Cos_Tan Veteran	19-May-2019 05:06        Sin_Cos_Tan About Contact  Quote this Post!
x 0   x 0  Alert Admin	double click -    Best World: The Worst Investment        at the end of part 3 report (Hero to Zero), and you can read part 1 report Found these from VV Part 1 report.... About us Valiant Varriors are a group of activist investors on the lookout for companies that are priced incorrectly due to the lack of transparency in large listed stocks in Singapore. If the companies themselves don' t want to come clean, we will help them along the way. All our efforts is in the valiant attempt to help SGX be more investor friendly and promote The Lion city to the rest of the world. Contact: [email protected] like2learn      ( Date: 18-May-2019 23:12) Posted:      Can anyone find VV contact in their Wix website ?
Useful To Me  Not Useful To Me
JarBinx Member	19-May-2019 00:21        JarBinx About Contact  Quote this Post!
x 0   x 0  Alert Admin	What did bwl ir say? like2learn      ( Date: 18-May-2019 23:12) Posted: Can anyone find VV contact in their Wix website ?  Or any VV personnel in this forum, can PM me ? I have some questions/comments in addition to those below (too much to type). VV > Our research is based on actual interviews with dozens of Best World agents in China, backed by audio and video recordings of their testimonies.  We will be happy to send these on to SGXRegCo and the independent auditors PwC for verification. > > > actually no need so troublesome, there is a button bottom right to complain in the mofcom webpage  http://txjy.syggs.mofcom.gov.cn/manager/...id=6652565  Since already got proof, why not just do it instead of suggesting pwc or regco to approach VV ?    VV > The next big event on BWL' s calendar is its annual general meeting.... 2) Ask them to show specific proof - receipts, numbers - that their products are bought by consumers, rather than agents/sales people. > > > given the amt of sales, I think there will be a lot of receipts. Not sure whether it' s feasible to go through.  VV > 3) Ask them if they are afraid of the Chinese government investigating the company for direct selling practices - if they are not, then ask for them show proof that the Chinese authorities have specifically cleared them of direct selling. > > > I m not sure what is the logic here. chinese govt clear them today doesn' t mean anytime in the future nothing is going to happen. distributors can come and go, new franchises will continue to be setup. As mentioned above, there is always a button for any person who wants to complain of wrongdoing anytime.  VV> We believe that the China sales should be written down to zero simply because it is not a legal business. With the Chinese business gone, fines and penalty partially or fully paid, we doubt there would still be much, or any value left in this company. > > > 0 revenue in china doesn' t mean share price worthless. BW was already operating in several countries before venturing into China. There isn' t any instance of it going near to 0 so far(compared to SGX companies trading at 0.0X). in fact, in the latest 1Q2019 results, revenue in other countries(ex China) have been improving. Yes I am vested. Just to clarify, I have nothing for/agst VV, just trying to be logical.  I do appreciate VV' s effort to do so much due diligence in china where i don' t have such resources. BTW, any worried shareholder can contact BW IR on VV' s comments.
Useful To Me  Not Useful To Me
destinykraze Elite	19-May-2019 00:14        destinykraze About Contact  Quote this Post!   Yells: "Reality is only a matter of perception"
x 0   x 0  Alert Admin	Don' t take it literally, but im sure they meant the shares are worthless.  Their intention is at least 50% decline from current price.  BWI likely to go below $1. when it resumes trading. Good luck to those vested. Shifu8888      ( Date: 18-May-2019 22:42) Posted: We need to be objective. How can the target price be $0. I doubted their market cap when the price shot to $3. But $0? Cash cannot be fake. The company is zero debt. VV is a short seller. Yes, BW shoots themselves at the foot for BIL saga. This company in basically debt- free. And cash Rich. VV is obviously trying to talk down the price to benefit themselves. I am sure they are DESPERATE to cover their short positions. They may be the next one to be sued. Let us see. Anyway, no point talking so much. Just wait. Sin_Cos_Tan      ( Date: 18-May-2019 19:54) Posted: Hero to Zero   http://valiantvarriors.wixsite.com/home/newletters/hero-to-zero  Current Price: S$1.36 Target Price: S$0.00
Useful To Me  Not Useful To Me
Jamesbond007 Veteran	18-May-2019 23:21        Jamesbond007 About Contact  Quote this Post!
x 0   x 0  Alert Admin	In short, the whole financial accounts and its trade activities are all questionable, including its receivables.  wayang show is clearly over. caught naked, first by our Spore Business Times report. All these years, related parties' transactions were hidden until being revealed by an anonymous source. goodness, there are people still harbouring hope n trust in them. s chip saga continues.
Useful To Me  Not Useful To Me
like2learn Veteran	18-May-2019 23:12        like2learn About Contact  Quote this Post!
x 0   x 0  Alert Admin	Can anyone find VV contact in their Wix website ?  Or any VV personnel in this forum, can PM me ? I have some questions/comments in addition to those below (too much to type). VV > Our research is based on actual interviews with dozens of Best World agents in China, backed by audio and video recordings of their testimonies.  We will be happy to send these on to SGXRegCo and the independent auditors PwC for verification. > > > actually no need so troublesome, there is a button bottom right to complain in the mofcom webpage  http://txjy.syggs.mofcom.gov.cn/manager/...id=6652565  Since already got proof, why not just do it instead of suggesting pwc or regco to approach VV ?    VV > The next big event on BWL' s calendar is its annual general meeting.... 2) Ask them to show specific proof - receipts, numbers - that their products are bought by consumers, rather than agents/sales people. > > > given the amt of sales, I think there will be a lot of receipts. Not sure whether it' s feasible to go through.  VV > 3) Ask them if they are afraid of the Chinese government investigating the company for direct selling practices - if they are not, then ask for them show proof that the Chinese authorities have specifically cleared them of direct selling. > > > I m not sure what is the logic here. chinese govt clear them today doesn' t mean anytime in the future nothing is going to happen. distributors can come and go, new franchises will continue to be setup. As mentioned above, there is always a button for any person who wants to complain of wrongdoing anytime.  VV> We believe that the China sales should be written down to zero simply because it is not a legal business. With the Chinese business gone, fines and penalty partially or fully paid, we doubt there would still be much, or any value left in this company. > > > 0 revenue in china doesn' t mean share price worthless. BW was already operating in several countries before venturing into China. There isn' t any instance of it going near to 0 so far(compared to SGX companies trading at 0.0X). in fact, in the latest 1Q2019 results, revenue in other countries(ex China) have been improving. Yes I am vested. Just to clarify, I have nothing for/agst VV, just trying to be logical.  I do appreciate VV' s effort to do so much due diligence in china where i don' t have such resources. BTW, any worried shareholder can contact BW IR on VV' s comments.
Useful To Me  Not Useful To Me
Shifu8888 Supreme	18-May-2019 22:42        Shifu8888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	We need to be objective. How can the target price be $0. I doubted their market cap when the price shot to $3. But $0? Cash cannot be fake. The company is zero debt. VV is a short seller. Yes, BW shoots themselves at the foot for BIL saga. This company in basically debt- free. And cash Rich. VV is obviously trying to talk down the price to benefit themselves. I am sure they are DESPERATE to cover their short positions. They may be the next one to be sued. Let us see. Anyway, no point talking so much. Just wait. Sin_Cos_Tan      ( Date: 18-May-2019 19:54) Posted: Hero to Zero   http://valiantvarriors.wixsite.com/home/newletters/hero-to-zero  Current Price: S$1.36 Target Price: S$0.00   softdrink      ( Date: 18-May-2019 14:41) Posted: Another new report by VV https://valiantvarriors.wixsite.com/home/newletters/hero-to-zero
Useful To Me  Not Useful To Me
Sin_Cos_Tan Veteran	18-May-2019 20:22        Sin_Cos_Tan About Contact  Quote this Post!
x 0   x 0  Alert Admin	What follows is some excerpts of the  VV' s report: Our research is based on actual interviews with dozens of Best World agents in China, backed by audio and video recordings of their testimonies.  We will be happy to send these on to SGXRegCo and the independent auditors PwC for verification. They will see, as we have, that the leaders of Best World have been consistently lying about their business model in China.  The next big event on BWL' s calendar is its annual general meeting.... we urge investors to cut through the deception by asking a few questions. 1) Show them the evidence that we have gathered here and ask them if they continue to deny that they are no longer using the MLM in China. 2) Ask them to show specific proof - receipts, numbers - that their products are bought by consumers, rather than agents/sales people. 3) Ask them if they are afraid of the Chinese government investigating the company for direct selling practices - if they are not, then ask for them show proof that the Chinese authorities have specifically cleared them of direct selling.   Sin_Cos_Tan      ( Date: 18-May-2019 19:54) Posted: Hero to Zero   http://valiantvarriors.wixsite.com/home/newletters/hero-to-zero  Current Price: S$1.36 Target Price: S$0.00   softdrink      ( Date: 18-May-2019 14:41) Posted: Another new report by VV https://valiantvarriors.wixsite.com/home/newletters/hero-to-zero
Useful To Me  Not Useful To Me
Sin_Cos_Tan Veteran	18-May-2019 19:54        Sin_Cos_Tan About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hero to Zero   http://valiantvarriors.wixsite.com/home/newletters/hero-to-zero  Current Price: S$1.36 Target Price: S$0.00   softdrink      ( Date: 18-May-2019 14:41) Posted: Another new report by VV https://valiantvarriors.wixsite.com/home/newletters/hero-to-zero
Useful To Me  Not Useful To Me
sbscap Master	18-May-2019 18:49        sbscap About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	I sat on several BWI investors' presentations and the company spokesperson repeatedly said BWI is not an MLM company. I' m sure it will be the professional short sellers' interest to let the Chinese authorities know about this so that BWI is deemed either MLM or otherwise. softdrink      ( Date: 18-May-2019 14:41) Posted: Another new report by VV https://valiantvarriors.wixsite.com/home/newletters/hero-to-zero
Useful To Me  Not Useful To Me
AhLiang Elite	18-May-2019 14:59        AhLiang About Contact  Quote this Post!
x 0   x 0  Alert Admin	Genting will not die but is on a big down trend now. No catalyst to reverse for many months to come JarBinx      ( Date: 18-May-2019 11:37) Posted: Thinking of Genting AhLiang      ( Date: 18-May-2019 10:14) Posted: Yes move on but don't move on to a wrong counter. There will be a next and then another next after these few
Useful To Me  Not Useful To Me
Starship Supreme	18-May-2019 14:48        Starship About Contact  Quote this Post!
x 0   x 1  Alert Admin	Looks like the artillery bombardment will keep coming till there' s nothing left.....................
Useful To Me  Not Useful To Me
softdrink Member	18-May-2019 14:41        softdrink About Contact  Quote this Post!
x 0   x 0  Alert Admin	Another new report by VV https://valiantvarriors.wixsite.com/home/newletters/hero-to-zero
Useful To Me  Not Useful To Me
JarBinx Member	18-May-2019 11:37        JarBinx About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thinking of Genting AhLiang      ( Date: 18-May-2019 10:14) Posted: Yes move on but don't move on to a wrong counter. There will be a next and then another next after these few. runaway      ( Date: 18-May-2019 07:17) Posted: Why are we still talking about a stock that is suspended and under investigation ? Does it make any difference to the suspension and investigation with the guesssing and gossiping? Lets move on and wait for the truth to be revealed.
Useful To Me  Not Useful To Me
AhLiang Elite	18-May-2019 10:14        AhLiang About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes move on but don't move on to a wrong counter. There will be a next and then another next after these few. runaway      ( Date: 18-May-2019 07:17) Posted: Why are we still talking about a stock that is suspended and under investigation ? Does it make any difference to the suspension and investigation with the guesssing and gossiping? Lets move on and wait for the truth to be revealed.
Useful To Me  Not Useful To Me
Starship Supreme	18-May-2019 09:54        Starship About Contact  Quote this Post!
x 0   x 1  Alert Admin	runaway      ( Date: 18-May-2019 07:17) Posted: Why are we still talking about a stock that is suspended and under investigation ? Does it make any difference to the suspension and investigation with the guesssing and gossiping? Lets move on and wait for the truth to be revealed.
Useful To Me  Not Useful To Me
runaway Senior	18-May-2019 07:17        runaway About Contact  Quote this Post!
x 0   x 1  Alert Admin	Why are we still talking about a stock that is suspended and under investigation ? Does it make any difference to the suspension and investigation with the guesssing and gossiping? Lets move on and wait for the truth to be revealed.
Useful To Me  Not Useful To Me
JarBinx Member	17-May-2019 23:31        JarBinx About Contact  Quote this Post!
x 0   x 0  Alert Admin	No wonder they take so long to announce... busy preparing for this.. like2learn      ( Date: 17-May-2019 21:55) Posted: You' ve gotta be kidding me mate. Everything is awesome at Sydney where BWers are having a wonderful convention time - look at all the happy faces !      https://nextinsight.net/forum/3-sgx-stocks/152-best-world?start=606#24764 But seriously, I did pass by one of their shops few days back - yes, everything looks normal.  sbscap      ( Date: 17-May-2019 15:00) Posted: I wonder if anyone here is able to find out if the biz is going on as usual. I really don' t know what that means since it is still in my head, which could be wrong, that this is an MLM company, so no real biz - just people buying to sell to people who buy to sell to others.
Useful To Me  Not Useful To Me
Juzztrade Master	17-May-2019 23:24        Juzztrade About Contact  Quote this Post! Style: Fundamental   Mood: Yells: "Techincal and long term investor"
x 0   x 0  Alert Admin	In the 1990s I was a very regular customer of Best World Products.   ​ They have many down line in Singapore.  Some salon also selling the products.
Useful To Me  Not Useful To Me

                                                         First   < Newer   2201-2220 of 8843   Older>   Last