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Yuuzoo - The truth must be revealed!
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iDontKnow
Member |
30-Mar-2018 00:02
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By forecasting only 34004 registered users for its 23 franchisees already can already create such accounting miracle... and now the number is 7000% more than forecasted number...... maybe the moment when the suspension is lifted, it will straightaway join STI. By the way how come yuuzoo not counted as fintech company ?
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huathuat88888
Elite |
29-Mar-2018 22:14
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JUST SHOW US THE MONEY !
SGD CASH USD ALSO CAN NO NEED LONG DRAMA STORIES. WHAT NIGERIA LOTTERY , RELATIVITY MEDIA 1 + 1 = 10 CIRAM, HARBIN , INDIAN VILLAGE
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Starship
Supreme |
29-Mar-2018 20:51
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Maybe they included all their Monkey friends all over the world -------- the chimpanzees, apes, orangutans, gorillas, gibbons and baboons.
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destinykraze
Elite |
29-Mar-2018 19:29
Yells: "Reality is only a matter of perception" |
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Suspended still can spam news.
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destinykraze
Elite |
29-Mar-2018 19:26
Yells: "Reality is only a matter of perception" |
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YuuZoo Corporation Limited which grows it business internationally through a franchise and marketing partner program, announced that several of its main franchisees in 2017 significantly outperformed their expected user numbers and showed stronger financial results than budgeted. 23 franchisees in South Korea, UK, India, Romania, Poland and South Africa covering YuuZoo' s vertically integrated tribal networks in areas such as football, games, ecommerce and chat, showed by December 31st 2017 a total of 2,732,722 registered users vs a forecasted number of 34,004, thus outperforming their forecasted user numbers by more than 7,000%... 7000% SINGTEL NEEDS TO MAKE WAY FOR YUUZOO ALREADY! |
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sengsk
Elite |
29-Mar-2018 13:18
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Agree ! Investors should act pressure to SGX for taking harsh action before SGX Central DepositorybecomeCon Depository
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sbscap
Master |
29-Mar-2018 13:12
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I wonder how a company like this is every allowed to be listed. Then again, there are a least a dozen such companies in SGX. | ||
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sengsk
Elite |
29-Mar-2018 13:08
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YuuZoo can never gain any trust fron investors any more. It surely out of every investor' s watchlist by now. . . YuuZoo reaches in-principle agreement with auditor on $8 mil compliance queryBy:
Michelle Zhu
SINGAPORE (Mar 29): YuuZoo has arrived at an in-principle agreement to resolve SGX&rsquo s query of its $8 million of 4Q other income with its auditor, RT LPP. The group, whose shares have been suspended from trading, says it now awaits a response from its French component auditor. This comes after SGX&rsquo s Mar 5 notice of compliance (NOC) served to YuuZoo questioning the group&rsquo s reported other income of $8 million for 4Q17 compared to $0.2 million a year ago, as well as $54.2 million classified as assets for sale as of Dec 31. Regarding the FY17 assets for sale in question, the company says it provided the relevant updated evidences to RT as of yesterday. See: SGX hits YuuZoo with compliance notice to explain variance in numbers ADVERTISING
Since YuuZoo was served its NOC, the group since apologised for other mistakes made in its FY17 financial statements &ndash including a &ldquo typographic error&rdquo that incorrectly stated e-commerce revenue as $0.4 million instead of $3.9 million, according to YuuZoo. See: YuuZoo apologises for errors and typos in FY17 financial statements files amended copy See: SGX slaps trading suspension on YuuZoo Shares in the group have been suspended from trading ever since YuuZoo informed SGX RegCO of its inability to obtain &ldquo sufficient appropriate audit evidence&rdquo to provide an opinion on SGX&rsquo s Mar 5 NOC. |
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Starship
Supreme |
29-Mar-2018 10:05
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This is called the " Death Spiral Financing" . Used by many penny stocks (and of course scam stocks) to suck money from retail investors. These companies will release rosy news/forecasts/etc to make it' s share price go up, after that they issue new shares and the stock price goes back down. Wash, rinse, repeat. It' s very prevalent in US markets especially in OTC counters. An article abt it here in SG as well: A Warning To Penny Stock Investors: Do You Know About Death Spiral Financing August 14, 2017 Josh Sason was just 27 when Bloomberg reported in 2015 that he had made US$200 million by financing US penny stocks that were about to go broke. A different financing method Sason structured the loans he made slightly differently from traditional loans. His loans usually involve offering debt which can be converted into equity. The deals are commonly known as &ldquo death spiral financing&rdquo as most of the companies that are involved with this sort of dealing (the companies are mostly penny stocks) usually end up with stock prices that plummet. The interesting thing is that the lender would still be able to make a healthy profit. What to know about death spiral financing So what exactly is &ldquo death spiral financing&rdquo and should investors in penny stocks be worried? Death spiral financing involves a lender offering a loan to a company that is traded on a stock exchange. The company is typically in very bad financial shape and desperately in need of cash to stay afloat. The lender would demand payback-plus-interest over a short period of time (usually around six months). If the company involved is unable to pay back the loan &ndash which is often the case &ndash it will instead offer shares to the lender at a huge discount to the market rate. In this way, the lender is able to get the company&rsquo s stock and immediately sell it for a profit, even though the company is unable to pay back the loan. An example of a death spiral deal Take this scenario for example. Lender B decides that company X is a good candidate for a $1 million loan with a six-month maturity. Company X agrees to take the loan at a 10% interest to keep itself afloat. If it is unable to pay back the loan, Company X would offer Lender B shares of itself at say, a 70% discount, to the then-current market price. Since the shares were bought at a 70% discount to the market price, Lender B would be able to get around $3.3 million worth of shares which he can immediately sell in the open market for a healthy profit. There are two positives that come out of such a deal. Firstly, Company X would be able to stay afloat. Secondly, Lender B ends up with a nice return on his investment &ndash regardless of whether Company X can pay back the loan. However, at the same time, there are also two parties that will suffer from this sort of financing. The first group is the existing shareholders of Company X who may not have realised that the company has potentially diluted their shareholdings by offering Lender B cheap equity. The financing deal dilutes current shareholders&rsquo equity and would very likely cause Company X&rsquo s stock price to decline steeply. The second party to suffer would be unwitting new shareholders who buy Company X&rsquo s shares while Lender B is dumping his shares. Because getting information on penny stocks may often be difficult, investors or speculators may decide to buy, without realising what is happening. The Foolish bottom line There are other financiers besides Sason who have structured similar deals in the past to desperate companies. As investors and long-term shareholders, we need to be aware that such dealings are occurring, even if they don&rsquo t seem to be common in Singapore. In any case, the best way to avoid companies that could potentially be embroiled in death spiral financing is to stay away from companies that are in desperate need of cash. https://www.fool.sg/2017/08/14/a-warning-to-penny-stock-investors-do-you-know-about-death-spiral-financing/ 
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JohnKew
Member |
29-Mar-2018 10:04
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Death spiral bonds....
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sbscap
Master |
29-Mar-2018 09:54
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@Bigdragon, so does it mean GEM Global made at least 10% + some fee c. $500k or a total of about 12% for doing what is essentially an investment banking job? I remembered there were also warrants given to GEM, so if Yuuzoo were to become very successful, GEM gets substantial upside besides their 12% fee. Wow. | ||
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bigdragon966
Senior |
29-Mar-2018 09:44
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==================== Will YuuZoo& rsquo s new funding deal wreck its share price? anita gabriel 18 September 2015 Business Times Singapore IT may come across as a simple deal, but YuuZoo Corp' s recently announced S$30 million funding facility from US-based fund GEM Global is by no means heartening for investors saddled by the anaemic showing of its stock since its debut on the Singapore Exchange a year ago.It also signals limited borrowing options for YuuZoo, debt free as it is, which would need capital to acquire assets to grow its social e-commerce networks or business of " virtual shopping malls" . The deal allows YuuZoo, as an when and if it needs cash over the next three years, to tap the funds provided under the facility by issuing new shares to GEM Global at a 10 per cent discount to prevailing market price on the date of the drawdown request. To sweeten the proposition for the lender - afterall, why lend unless one is incentivised & ndash YuuZoo' s executive chairman and chief executive Thomas Zilliacus will lend his shares to GEM Global. This gives GEM Global, an alternative investment fund, the ability to sell YuuZoo shares - the borrowed shares gives it stock to sell first - and then later get new shares at a 10 per cent discount, hence a chance to pocket gains on the spread. This in turn could drive the stock down further and therein lies the rub............. ===== |
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sbscap
Master |
29-Mar-2018 09:18
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Sorry if I irritated anyone but I don' t seem to be able to find out what happened to the $30m financing deal with GEM Global. I understand Yuuzoo has been issuing shares to GEM Global at 10% discount to raise funds. GEM Global also arranged the multi-million dollar deal with Reactivity (or something like that) that was soon discovered to be way bloated in value term and was subsequently called off. GEM Global isn' t a major shareholder. Does it mean GEM sold (or pre-sold) Yuuzoo shares whilst buying shares from Yuuzoo? In effect, GEM Global was acting as an investment bank rather than a financer and was able to earn at least a 10% fee? I' m keen to understand how GEM Global benefited from Yuuzoo' s desperate financing needs and the effects on shareholders. | ||
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bigdragon966
Senior |
28-Mar-2018 22:39
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promised to give answers by today. missed the deadline again. tried to smoke |
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Starship
Supreme |
28-Mar-2018 22:25
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Breaking News From the ZOO !!!!!!!! But couldn' t make head or tail of what they' re saying as I' m a human.............. YuuZoo Corporation Limited (the " Company" or " YuuZoo" ) refers to its announcement dated on 22 March 2018 in relation to the queries from the Singapore Exchange Securities Trading Limited (the " SGX-ST" ) pursuant to the Notice of Compliance dated 5 March 2018 (the " Notice" ). The Company wishes to clarify the following: (1) With regards to No 6(a) of the Notice, we have reached an agreement in principle to resolve this with RT and await a response from the French component Auditor. (2) With regards to No 6(b) of the Notice, the company has provided updated evidences to RT today. BY ORDER OF THE BOARD Mohandas Chief Operating Officer 28 March 2018 http://sgx.i3investor.com/servlets/anpth/318020.jsp |
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Sgvale
Supreme |
23-Mar-2018 08:22
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Yuuzero........Another Big Stick already
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bigdragon966
Senior |
22-Mar-2018 22:16
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Don' t know whether the few auditors from RT will take mc or not? |
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Berani
Elite |
22-Mar-2018 22:12
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if auditor give the opinion, sgx will allow them to lift the trading
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sheerluck
Supreme |
22-Mar-2018 22:11
Yells: "Work for your money first then let your money work for you" |
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Aiyoh give up on this " 小 强 " liao. | ||
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Stanton
Veteran |
22-Mar-2018 20:04
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So defiant, after kenna suspension come up with slew of announcements with magical numbers to retaliate. Maybe tomorrow got hope for lifting of suspension, hahahaha.... | ||
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