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Yuuzoo - The truth must be revealed!
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Morello
Veteran |
08-May-2017 18:53
Yells: "In it for the long haul" |
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The board of directors (the &ldquo Board&rdquo ) of YuuZoo Corporation Limited (the &ldquo Company&rdquo ) would like to
respond to the following query raised by the Singapore Exchange Securities Trading Limited (the&ldquo
SGX-ST&rdquo ) in connection with the Company&rsquo s announcement onthe above-captioned subject matter
dated 4 May 2017:
SGX-ST&rsquo s Query 1:
Please explain why the Company' s annual report was not ready in time to allow sufficient requisite
notice to shareholders of the Company prior to the date of AGM pursuant to Rule 707(1) of the Listing
Manual.
The Company&rsquo s Response:
The Company has appointed new auditors, RT LLP (the &ldquo Auditors&rdquo ) to take over from its former
auditors, Moore Stephens LLP, who in 2016 were unable to express an opinion on the FY 2015
results of the Company.
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.
The process has included intense interaction between RT LLP and the Company, which has resulted
in some delays of the already significant audit process and time required to audit FY2016.
In light of the above, to ensure that the Auditors were given sufficient time to conduct a thorough and
high quality audit, in particular of the underlying principles of the business models of the Group, which
is in the best interests of shareholders in that it allows shareholders to be fully appraised of the
Company&rsquo s financial performance in 2016, the Company has applied for an extension of time to hold
its AGM for FY2016.
By Order of the Board
Thomas Zilliacus
Executive Chairman
8 May 2017
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Adtower
Veteran |
08-May-2017 18:18
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Dont know what to say abouf this counter....Zzzz Not vested Just know it gone cass | ||||
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lglg666
Supreme |
08-May-2017 18:04
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One thing he is good at is to create lots of clones to post non-stop.
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TenPips
Veteran |
08-May-2017 17:22
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ha Ha Ha.
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TenPips
Veteran |
08-May-2017 17:21
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Looks bad technically. |
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sheerluck
Supreme |
08-May-2017 17:18
Yells: "Work for your money first then let your money work for you" |
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Auditor must be from Singapore. But the big-4 who come out with the revenue model might be from Nigeria. Can Yuuzoo clarify? Also maybe all along we got it wrong. The name of the audit company who comes out with the revenue mode is called " A Big-4" . Yuuzoo must be wondering already tell you' ll is A Big-4 why keep asking???????
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treetops
Elite |
08-May-2017 16:44
Yells: "Moments Today, Memories Tomorrow!" |
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Unless the auditor is from Dubai. lol
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NextEvolution
Elite |
08-May-2017 16:11
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Ah Zoo going to the zoo again. Tomorrow may see 6 | ||||
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Stanton
Veteran |
08-May-2017 16:10
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Yah, i also share same gut feelings with you. This one sure fly but fly to Horlan. LOL
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sheerluck
Supreme |
08-May-2017 13:39
Yells: "Work for your money first then let your money work for you" |
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Await their advices.
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Shifu8888
Supreme |
08-May-2017 13:35
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True..... Will need mogambo, investsg and investboy advice... :)
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Shifu8888
Supreme |
08-May-2017 13:33
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Hi Anthonykwong, wait and see. Can u confirm it will crash to 0.05? If so, please short it. I am saying my gut feel. I may be wrong. My pov.
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huangyuanhe
Supreme |
08-May-2017 13:26
Yells: "666" |
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Retailers stucked above 8 cts to 50 cents (A Lot)
New entrants and retailers interest is dampened. Based on the forum so many negative feedback. How to fly ? Fly from 7 cts to 5 cts maybe. All other listed also have auditors report what. What so special ?
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sheerluck
Supreme |
08-May-2017 13:26
Yells: "Work for your money first then let your money work for you" |
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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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edwinjup
Supreme |
08-May-2017 13:20
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if got issues..how?
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Maller
Elite |
08-May-2017 13:11
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This co is very cheap compared to others. if auditor and sgx no issue, Will fly? | ||||
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Maller
Elite |
08-May-2017 13:06
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Don't short! I think If today can maintain 0.07 and above, tmr will cheong, dyodf | ||||
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Shifu8888
Supreme |
08-May-2017 13:02
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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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theguardian
Member |
08-May-2017 12:09
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Really trying very hard. Now even the link to this page cannot open? Hecklerco LLC et al v. Wells Fargo Advisors, LLC et alPlaintiff: Hecklerco LLC, James Heckler and Andrew Heckler
Defendant: Wells Fargo Advisors, LLC, Yuuzoo Corporation Limited, Yuuzoo Corporation, Macquarie Capital Securities (Singapore) PTE. Limited, Yuuu Pty LTD, YZ International, INC., Ronald Creevey, Danielle Creevey, Marc Cramer-Roberts, Thomas Zilliacus and John Hoekman
Case Number: 1:2015cv05779
Filed: July 22, 2015
Court: New York Southern District Court
Office: Foley Square Office
County: NewYork
Presiding Judge: Victor Marrero
Nature of Suit: Securities/Commodities
Cause of Action: 28:1331sv Fed. Question: Securities Violation
Jury Demanded By: Plaintiff
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vivacious
Supreme |
08-May-2017 11:19
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gg below 7c soon?
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