Back

Latest Forum Topics / Best World

Post Reply

THE BEST IS YET TO BE Post Reply Rate topic
michaeltan Master	26-Apr-2019 17:53        michaeltan About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	This is a serious implication of damage done. The whole world is reporting.    Sen9999      ( Date: 26-Apr-2019 17:38) Posted: It was specific to FY18 because the BT article was focusing on the year 2018. I suppose it is because it is the latest result. Seriously why need to check previous account if year 2018 is found to have no problem(which is the case now). I think BT was spare the court case as independent review is not out. This time BR, high chance of defamation case because of the serious allegation(we need to wait for BW clarification to see if they are going to sue them) WL123456      ( Date: 26-Apr-2019 17:24) Posted: An auditor was ask to investigate into the company only for their FY18 accounts .... but not the previous FY accounts and ..zzzzzz did you not read the report ? Basically the claim on BW is that they inflate and cool their account figures and there?s no way those figure can be verified . Go read business times/Bloomberg report and Bonita research short report again. So far , best world have not sue business times yet for the allegation . Their principal legal counsel has also not announce any action taken on BR. If the allegation is not true , what I will do is to ask my Legal counsel to announce a press statement and say I will reserve my company right to take legal action against BR and business times but so far nothing is done . Why ? You go think about it .
Useful To Me  Not Useful To Me
jm2212 Master	26-Apr-2019 17:48        jm2212 About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Best case is suspend till they announce superb result with special dividend, at the same time both company and directors all go in to support, then those who shorted the counters will be in trouble.... (can they corner the stock?)
Useful To Me  Not Useful To Me
Sen9999 Member	26-Apr-2019 17:46        Sen9999 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Anyway I read the clarification the other time again, BW stated clearly they are not using direct selling license to sell in China. They are using franchise model. From the clarification, In April 2018, the Group was notified by the Ministry of Commerce of the People?s Republic of China (?MOFCOM?) that the Group was permitted to operate under the Franchise Model (see http://txjy.syggs.mofcom.gov.cn/manager/prosecute.do?method=add&id=6652565) 1 . BWL China then commenced the importation of the Products into China for sale to the Franchisees
Useful To Me  Not Useful To Me
kerier Veteran	26-Apr-2019 17:46        kerier About Contact  Quote this Post!
x 0   x 0  Alert Admin	what' s the point of focusing on the past, most important is the business going forward and whether the china biz model is legit and doing as well as reported. Sen9999      ( Date: 26-Apr-2019 17:25) Posted: Yah I would suppose it will take much longer to get the review done if include scope of 2 years. Then before the report is out.. another shortist report will come out again.. maybe to focus on 2014-2015. It's like a never ending saga. Crux of it is.. is 2018 independent review enough to prove all the various report wrong? curious_moo      ( Date: 26-Apr-2019 17:19) Posted: i believe if BWL extend the scope of the audit to include 2016 to 2018, perhaps that will strongly boost consumers confidence? maybe share will rebound and kill all shortists.. lets wait for the story to unfold.. last time they halted for 5 days to rebut BT article.. now duno how long it will take to rebut this one.
Useful To Me  Not Useful To Me
Starship Supreme	26-Apr-2019 17:42        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	So many new accounts in this BW thread nowadays, with posts only in this thread.................
Useful To Me  Not Useful To Me
Sen9999 Member	26-Apr-2019 17:38        Sen9999 About Contact  Quote this Post!
x 0   x 0  Alert Admin	It was specific to FY18 because the BT article was focusing on the year 2018. I suppose it is because it is the latest result. Seriously why need to check previous account if year 2018 is found to have no problem(which is the case now). I think BT was spare the court case as independent review is not out. This time BR, high chance of defamation case because of the serious allegation(we need to wait for BW clarification to see if they are going to sue them) WL123456      ( Date: 26-Apr-2019 17:24) Posted: An auditor was ask to investigate into the company only for their FY18 accounts .... but not the previous FY accounts and ..zzzzzz did you not read the report ? Basically the claim on BW is that they inflate and cool their account figures and there?s no way those figure can be verified . Go read business times/Bloomberg report and Bonita research short report again. So far , best world have not sue business times yet for the allegation . Their principal legal counsel has also not announce any action taken on BR. If the allegation is not true , what I will do is to ask my Legal counsel to announce a press statement and say I will reserve my company right to take legal action against BR and business times but so far nothing is done . Why ? You go think about it . Sen9999      ( Date: 26-Apr-2019 16:49) Posted: Oh, yes they stated in their disclaimer, but judging from so many mistakes in the report, I guess they are not really prepared. 😂 Did I miss any part where they resisted previous accounts before 2018
Useful To Me  Not Useful To Me
JarBinx Member	26-Apr-2019 17:32        JarBinx About Contact  Quote this Post!
x 0   x 0  Alert Admin	Think financials before BWL went into China should be ok.. Sen9999      ( Date: 26-Apr-2019 17:25) Posted: Yah I would suppose it will take much longer to get the review done if include scope of 2 years. Then before the report is out.. another shortist report will come out again.. maybe to focus on 2014-2015. It's like a never ending saga. Crux of it is.. is 2018 independent review enough to prove all the various report wrong? curious_moo      ( Date: 26-Apr-2019 17:19) Posted: i believe if BWL extend the scope of the audit to include 2016 to 2018, perhaps that will strongly boost consumers confidence? maybe share will rebound and kill all shortists.. lets wait for the story to unfold.. last time they halted for 5 days to rebut BT article.. now duno how long it will take to rebut this one.
Useful To Me  Not Useful To Me
michaeltan Master	26-Apr-2019 17:29        michaeltan About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	May i know what' s your qualification or  academic portfolio ?   destinykraze      ( Date: 26-Apr-2019 16:30) Posted: You are going off point. Directors using degrees  from the degree mills to put the title of Dr is a sign of creating a false impression that the company is made up of highly educated people. This does not bodes well as the little things such as the fact that actual shops are not doing well, their products not being well known and have low amount of reviews Even bots can generate viewership, likes and shares, but for their product the hype isnt even visible. Even idiots like me can tell that something is amiss when all the little things come together.   beng1102      ( Date: 26-Apr-2019 13:25) Posted: He is now PHD in Law from NUS
Useful To Me  Not Useful To Me
Sin_Cos_Tan Veteran	26-Apr-2019 17:28        Sin_Cos_Tan About Contact  Quote this Post!
x 0   x 0  Alert Admin
Useful To Me  Not Useful To Me
Sen9999 Member	26-Apr-2019 17:25        Sen9999 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yah I would suppose it will take much longer to get the review done if include scope of 2 years. Then before the report is out.. another shortist report will come out again.. maybe to focus on 2014-2015. It's like a never ending saga. Crux of it is.. is 2018 independent review enough to prove all the various report wrong? curious_moo      ( Date: 26-Apr-2019 17:19) Posted: i believe if BWL extend the scope of the audit to include 2016 to 2018, perhaps that will strongly boost consumers confidence? maybe share will rebound and kill all shortists.. lets wait for the story to unfold.. last time they halted for 5 days to rebut BT article.. now duno how long it will take to rebut this one.. Sen9999      ( Date: 26-Apr-2019 16:49) Posted: Oh, yes they stated in their disclaimer, but judging from so many mistakes in the report, I guess they are not really prepared. 😂 Did I miss any part where they resisted previous accounts before 2018
Useful To Me  Not Useful To Me
michaeltan Master	26-Apr-2019 17:24        michaeltan About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	Dr. Hoan received an undergraduate degree from Nanyang Technological University, an MBA from National University of Singapore and a doctorate from Pacific Western University. bwavep      ( Date: 26-Apr-2019 17:15) Posted: incidentally, where the options ' expert' clement chiang now?  having dinners in whiter-than-once-white, once a yr? even osman sapian had to concede his higher level of bumi ' education' . isn' t it amazing how long a facade can last even in this day and age?      destinykraze      ( Date: 26-Apr-2019 16:30) Posted: You are going off point. Directors using degrees  from the degree mills to put the title of Dr is a sign of creating a false impression that the company is made up of highly educated people. This does not bodes well as the little things such as the fact that actual shops are not doing well, their products not being well known and have low amount of reviews Even bots can generate viewership, likes and shares, but for their product the hype isnt even visible. Even idiots like me can tell that something is amiss when all the little things come together.
Useful To Me  Not Useful To Me
WL123456 Supreme	26-Apr-2019 17:24        WL123456 About Contact  Quote this Post!
x 0   x 0  Alert Admin	An auditor was ask to investigate into the company only for their FY18 accounts .... but not the previous FY accounts and ..zzzzzz did you not read the report ? Basically the claim on BW is that they inflate and cool their account figures and there?s no way those figure can be verified . Go read business times/Bloomberg report and Bonita research short report again. So far , best world have not sue business times yet for the allegation . Their principal legal counsel has also not announce any action taken on BR. If the allegation is not true , what I will do is to ask my Legal counsel to announce a press statement and say I will reserve my company right to take legal action against BR and business times but so far nothing is done . Why ? You go think about it . Sen9999      ( Date: 26-Apr-2019 16:49) Posted: Oh, yes they stated in their disclaimer, but judging from so many mistakes in the report, I guess they are not really prepared. 😂 Did I miss any part where they resisted previous accounts before 2018? WL123456      ( Date: 26-Apr-2019 16:35) Posted: Yes , bestworld can take BR to court in the US and sue them for defamation. But BR also stated they have proof to fight any legal challenge in court . First , Best world must open up their previous accounts before 2018 for investigation which best world have so far resisted as they only want 2018 to be done .
Useful To Me  Not Useful To Me
curious_moo Master	26-Apr-2019 17:19        curious_moo About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	i believe if BWL extend the scope of the audit to include 2016 to 2018, perhaps that will strongly boost consumers confidence? maybe share will rebound and kill all shortists.. lets wait for the story to unfold.. last time they halted for 5 days to rebut BT article.. now duno how long it will take to rebut this one.. Sen9999      ( Date: 26-Apr-2019 16:49) Posted: Oh, yes they stated in their disclaimer, but judging from so many mistakes in the report, I guess they are not really prepared. 😂 Did I miss any part where they resisted previous accounts before 2018? WL123456      ( Date: 26-Apr-2019 16:35) Posted: Yes , bestworld can take BR to court in the US and sue them for defamation. But BR also stated they have proof to fight any legal challenge in court . First , Best world must open up their previous accounts before 2018 for investigation which best world have so far resisted as they only want 2018 to be done .
Useful To Me  Not Useful To Me
bwavep Senior	26-Apr-2019 17:15        bwavep About Contact  Quote this Post!
x 0   x 0  Alert Admin	incidentally, where the options ' expert' clement chiang now?  having dinners in whiter-than-once-white, once a yr? even osman sapian had to concede his higher level of bumi ' education' . isn' t it amazing how long a facade can last even in this day and age?      destinykraze      ( Date: 26-Apr-2019 16:30) Posted: You are going off point. Directors using degrees  from the degree mills to put the title of Dr is a sign of creating a false impression that the company is made up of highly educated people. This does not bodes well as the little things such as the fact that actual shops are not doing well, their products not being well known and have low amount of reviews Even bots can generate viewership, likes and shares, but for their product the hype isnt even visible. Even idiots like me can tell that something is amiss when all the little things come together.   beng1102      ( Date: 26-Apr-2019 13:25) Posted: He is now PHD in Law from NUS
Useful To Me  Not Useful To Me
michaeltan Master	26-Apr-2019 16:54        michaeltan About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	If you look at the BW financial report. 1. Revenue 2017 = 214million 2. Revenue 2018 = 266million There is spike increased revenue for the last-Q partly due to change of franchises model during the periods. Revenue 3 months ended 2017 = 71million Revenue 3 months ended 2018 = 127million This franchises model seem to be doing well not only in term of sales revenues but also bring down their cost of sales. 1. Cost of sales 2017 = 68million 2. Cost of sales 2018 = 58million   WL123456      ( Date: 26-Apr-2019 16:35) Posted: Yes , bestworld can take BR to court in the US and sue them for defamation. But BR also stated they have proof to fight any legal challenge in court . First , Best world must open up their previous accounts before 2018 for investigation which best world have so far resisted as they only want 2018 to be done . Sen9999      ( Date: 26-Apr-2019 16:21) Posted: Any law tained personnel here, can share if the company is able to sue them for defamation since they are a US based company? Not taking side, just want to know if it's a possibilit
Useful To Me  Not Useful To Me
Sen9999 Member	26-Apr-2019 16:49        Sen9999 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Oh, yes they stated in their disclaimer, but judging from so many mistakes in the report, I guess they are not really prepared. 😂 Did I miss any part where they resisted previous accounts before 2018? WL123456      ( Date: 26-Apr-2019 16:35) Posted: Yes , bestworld can take BR to court in the US and sue them for defamation. But BR also stated they have proof to fight any legal challenge in court . First , Best world must open up their previous accounts before 2018 for investigation which best world have so far resisted as they only want 2018 to be done . Sen9999      ( Date: 26-Apr-2019 16:21) Posted: Any law tained personnel here, can share if the company is able to sue them for defamation since they are a US based company? Not taking side, just want to know if it's a possibilit
Useful To Me  Not Useful To Me
Starship Supreme	26-Apr-2019 16:46        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	Just like Trump refuses to hand over his past 6 years' tax returns to the House of Rep for investigation..................... APRIL 25, 2019  1:31 PM The messy slapfight over the release of Trump&rsquo s tax returns was delayed again this week after Treasury Secretary Steven Mnuchin ignored a congressional subpoena deadline to produce them Tuesday, claiming that the government needed another two weeks to assess the legality of the House Ways and Means Committee&rsquo s request. Meanwhile, Trump and his businesses  filed suit  against House Oversight and Reform Committee Chairman Elijah Cummings, complaining that &ldquo the Democrat Party &hellip has declared all-out political war against President Donald J. Trump.&rdquo WL123456      ( Date: 26-Apr-2019 16:35) Posted: Yes , bestworld can take BR to court in the US and sue them for defamation. But BR also stated they have proof to fight any legal challenge in court . First , Best world must open up their previous accounts before 2018 for investigation which best world have so far resisted as they only want 2018 to be done . Sen9999      ( Date: 26-Apr-2019 16:21) Posted: Any law tained personnel here, can share if the company is able to sue them for defamation since they are a US based company? Not taking side, just want to know if it's a possibilit
Useful To Me  Not Useful To Me
WL123456 Supreme	26-Apr-2019 16:35        WL123456 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes , bestworld can take BR to court in the US and sue them for defamation. But BR also stated they have proof to fight any legal challenge in court . First , Best world must open up their previous accounts before 2018 for investigation which best world have so far resisted as they only want 2018 to be done . Sen9999      ( Date: 26-Apr-2019 16:21) Posted: Any law tained personnel here, can share if the company is able to sue them for defamation since they are a US based company? Not taking side, just want to know if it's a possibility bwavep      ( Date: 26-Apr-2019 16:04) Posted: yes sen, it is relatively more subdued compared to some of their previous HK ones
Useful To Me  Not Useful To Me
destinykraze Elite	26-Apr-2019 16:30        destinykraze About Contact  Quote this Post!   Yells: "Reality is only a matter of perception"
x 0   x 0  Alert Admin	You are going off point. Directors using degrees  from the degree mills to put the title of Dr is a sign of creating a false impression that the company is made up of highly educated people. This does not bodes well as the little things such as the fact that actual shops are not doing well, their products not being well known and have low amount of reviews Even bots can generate viewership, likes and shares, but for their product the hype isnt even visible. Even idiots like me can tell that something is amiss when all the little things come together.   beng1102      ( Date: 26-Apr-2019 13:25) Posted: He is now PHD in Law from NUS. sbscap      ( Date: 26-Apr-2019 13:20) Posted: Dr M, if you are referring to the current PM of Malaysia, was a medical doctor.  You seem to be implying he uses Dr because of the honorary degree from NUS
Useful To Me  Not Useful To Me
Sen9999 Member	26-Apr-2019 16:21        Sen9999 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Any law tained personnel here, can share if the company is able to sue them for defamation since they are a US based company? Not taking side, just want to know if it's a possibility bwavep      ( Date: 26-Apr-2019 16:04) Posted: yes sen, it is relatively more subdued compared to some of their previous HK ones Sen9999      ( Date: 26-Apr-2019 13:03) Posted: Yes. Does anyone also feel that BR report on BWL is much more subdued, compared to Hengan , Hosa, Chong Sing and the most recent Hexindai? They mentioned those stocks are useless, look at the share prices of Hengan and Hexindai now(both the lastest before BWL). I believe they will probably exit once the halt is lifted as they have already made a handsome profit with the damage done.
Useful To Me  Not Useful To Me

                                                         First   < Newer   3861-3880 of 8843   Older>   Last