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softdrink Member	26-Apr-2019 14:22        softdrink About Contact  Quote this Post!
x 0   x 0  Alert Admin	Even if the audit is true and the money is real, would they buy back at this price or a much lower price? You can try pray hard. 1035834      ( Date: 26-Apr-2019 14:15) Posted: This company cash in hand is around S$150-200 mil and can do alot of things , how many company can have this type of cash position so the company has lot of bullet to play around , the suspension doen not mean dealth sentence. If two ladies boss willing to take SGD 10 mil (since they took SGD85 mil past few years) to go in market and buy the share , easily shot up to SGD 2.50  softdrink      ( Date: 26-Apr-2019 14:05) Posted: Yes, I had short 500 000 shares. But that does not change the fact of what I had said right? Stories and fundamentals are no longer important once it is into suspension.
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softdrink Member	26-Apr-2019 14:17        softdrink About Contact  Quote this Post!
x 0   x 0  Alert Admin	I started to short this at OCT last year using CFD. This year using SBL. Average price would be $2.30 each. trademaster      ( Date: 26-Apr-2019 14:14) Posted: U shorted using cfd? cfd allowed though it is restricted counter to trade via broker? softdrink      ( Date: 26-Apr-2019 14:05) Posted: Yes, I had short 500 000 shares. But that does not change the fact of what I had said right? Stories and fundamentals are no longer important once it is into suspension.
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1035834 Senior	26-Apr-2019 14:15        1035834 About Contact  Quote this Post!
x 0   x 0  Alert Admin	This company cash in hand is around S$150-200 mil and can do alot of things , how many company can have this type of cash position so the company has lot of bullet to play around , the suspension doen not mean dealth sentence. If two ladies boss willing to take SGD 10 mil (since they took SGD85 mil past few years) to go in market and buy the share , easily shot up to SGD 2.50  softdrink      ( Date: 26-Apr-2019 14:05) Posted: Yes, I had short 500 000 shares. But that does not change the fact of what I had said right? Stories and fundamentals are no longer important once it is into suspension.  michaeltan      ( Date: 26-Apr-2019 14:01) Posted: I can understand your position because you have short big time right.  Even the independent review reports to you also no meaning right
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trademaster Supreme	26-Apr-2019 14:14        trademaster About Contact  Quote this Post!
x 0   x 0  Alert Admin	U shorted using cfd? cfd allowed though it is restricted counter to trade via broker? softdrink      ( Date: 26-Apr-2019 14:05) Posted: Yes, I had short 500 000 shares. But that does not change the fact of what I had said right? Stories and fundamentals are no longer important once it is into suspension.  michaeltan      ( Date: 26-Apr-2019 14:01) Posted: I can understand your position because you have short big time right.  Even the independent review reports to you also no meaning right
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softdrink Member	26-Apr 14:14        softdrink About Contact  Quote this Post!
x 0   x 0  Alert Admin	Not trying to say it has suspended trading. Just that it has a high chance it will go into suspension because of the full review. Put it this way. If Monday resume trading, price will start to rot. If Monday suspension, price start to jump down. How many traders are still willing to trade this share after so many negative news? Thinking of averaging down? Think twice! Falling knife! NAV is only worth $0.30. Traders will maybe come in below the price of NAV to try their luck.  Sen9999      ( Date: 26-Apr-2019 14:07) Posted: It won't go into suspension! Don't speculate guys! It's not like the company is defaulting on it's obligation. It is totally illogical to suspend a stock because of an opinion! Why BR didn't mentioned about 2018 accounts? Because PWC already auditing and said that their work is significantly done and found nothing. So BR harp on 2017. Someone with the intention to cheat, why would only do accounts on 2017, and not 2018(Independent review is done only after BT report which is in 2019). So if 2017 is fake and 2018 accounts is real? Means their sales jumped exponentially within the year? softdrink      ( Date: 26-Apr-2019 13:35) Posted: High change it will go into suspension. SGX does not call for a full review if they do not find anything fishy about it. Obviously there is something wrong with the company and that is why they called for it. Others also did write up sell report, why SGX did not query them and call for a full review? I cannot recall of any company who had been called for a full review before.    It does not matter how good the story is going to be. The fundamentals and stories are no longer in the picture now. Once into suspension, imagine the margin calls this share is going to have. It might open at 1/2 price or lower. Anything more than $1.00 is a bonus for those who had long the share.
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Sen9999 Member	26-Apr-2019 14:07        Sen9999 About Contact  Quote this Post!
x 0   x 0  Alert Admin	It won't go into suspension! Don't speculate guys! It's not like the company is defaulting on it's obligation. It is totally illogical to suspend a stock because of an opinion! Why BR didn't mentioned about 2018 accounts? Because PWC already auditing and said that their work is significantly done and found nothing. So BR harp on 2017. Someone with the intention to cheat, why would only do accounts on 2017, and not 2018(Independent review is done only after BT report which is in 2019). So if 2017 is fake and 2018 accounts is real? Means their sales jumped exponentially within the year? softdrink      ( Date: 26-Apr-2019 13:35) Posted: High change it will go into suspension. SGX does not call for a full review if they do not find anything fishy about it. Obviously there is something wrong with the company and that is why they called for it. Others also did write up sell report, why SGX did not query them and call for a full review? I cannot recall of any company who had been called for a full review before.    It does not matter how good the story is going to be. The fundamentals and stories are no longer in the picture now. Once into suspension, imagine the margin calls this share is going to have. It might open at 1/2 price or lower. Anything more than $1.00 is a bonus for those who had long the share. michaeltan      ( Date: 26-Apr-2019 13:14) Posted: l think trading for BW shares will be likely to be suspended until the review reports is out before 30/6/2019.
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softdrink Member	26-Apr-2019 14:05        softdrink About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes, I had short 500 000 shares. But that does not change the fact of what I had said right? Stories and fundamentals are no longer important once it is into suspension.  michaeltan      ( Date: 26-Apr-2019 14:01) Posted: I can understand your position because you have short big time right.  Even the independent review reports to you also no meaning right. softdrink      ( Date: 26-Apr-2019 13:47) Posted: Need not worry about naked short. Very few people did naked short that day if you read the report VS those who long. Also, to add on, there is even more people who short using CFD and SBL. (I am one of them) Yes, you are right. You can do a cash pick up. But how many of traders can manage to pick up their shares? Let&rsquo s be honest, lots of traders uses margin facilities for trading. Even contra players uses it! It is good for traders who had long to be mentally prepared for the worst
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michaeltan Master	26-Apr-2019 14:01        michaeltan About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	I can understand your position because you have short big time right.  Even the independent review reports to you also no meaning right. softdrink      ( Date: 26-Apr-2019 13:47) Posted: Need not worry about naked short. Very few people did naked short that day if you read the report VS those who long. Also, to add on, there is even more people who short using CFD and SBL. (I am one of them) Yes, you are right. You can do a cash pick up. But how many of traders can manage to pick up their shares? Let&rsquo s be honest, lots of traders uses margin facilities for trading. Even contra players uses it! It is good for traders who had long to be mentally prepared for the worst. 1035834      ( Date: 26-Apr-2019 13:38) Posted: the broker house will ask you to pick up the share if  your stock is suspension so it is no margin call issue as all will become cash pick up. the shortist should be more worry if they naked sell. S$1k SGD fine at least and see how long to cover to short position .
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trademaster Supreme	26-Apr-2019 13:57        trademaster About Contact  Quote this Post!
x 0   x 0  Alert Admin	I seldom short, luckily i cut long, and covered short just before halt. SGX call for full review is good, if they are clean, means it will be the safest stock to buy to invest ...will be looking to buy then.  trademaster      ( Date: 24-Apr-2019 10:57) Posted: Time for short covering
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softdrink Member	26-Apr-2026 11:35        softdrink About Contact  Quote this Post!
x 0   x 0  Alert Admin	Beng, based on what you had claimed to be certified here and there, I am honestly quite surprise that you still do not know where this ship is heading. Yes, it is being restricted by a few house in end Feb - early March. But based on your experience, even people who bought at $1.50-$2.00 (I am putting at a price much much higher) long time ago would have have calls.You know that this is a cornered stock. Do you not agree? beng1102      ( Date: 26-Apr-2019 13:43) Posted: Very few affected by margin call as brokers have restricted buying online for sometime. 1035834      ( Date: 26-Apr-2019 13:38) Posted: the broker house will ask you to pick up the share if  your stock is suspension so it is no margin call issue as all will become cash pick up. the shortist should be more worry if they naked sell. S$1k SGD fine at least and see how long to cover to short position .
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softdrink Member	26-Apr-2019 13:47        softdrink About Contact  Quote this Post!
x 0   x 0  Alert Admin	Need not worry about naked short. Very few people did naked short that day if you read the report VS those who long. Also, to add on, there is even more people who short using CFD and SBL. (I am one of them) Yes, you are right. You can do a cash pick up. But how many of traders can manage to pick up their shares? Let&rsquo s be honest, lots of traders uses margin facilities for trading. Even contra players uses it! It is good for traders who had long to be mentally prepared for the worst. 1035834      ( Date: 26-Apr-2019 13:38) Posted: the broker house will ask you to pick up the share if  your stock is suspension so it is no margin call issue as all will become cash pick up. the shortist should be more worry if they naked sell. S$1k SGD fine at least and see how long to cover to short position .  softdrink      ( Date: 26-Apr-2019 13:35) Posted: High change it will go into suspension. SGX does not call for a full review if they do not find anything fishy about it. Obviously there is something wrong with the company and that is why they called for it. Others also did write up sell report, why SGX did not query them and call for a full review? I cannot recall of any company who had been called for a full review before.    It does not matter how good the story is going to be. The fundamentals and stories are no longer in the picture now. Once into suspension, imagine the margin calls this share is going to have. It might open at 1/2 price or lower. Anything more than $1.00 is a bonus for those who had long the share.
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beng1102 Elite	26-Apr 13:43        beng1102 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Very few affected by margin call as brokers have restricted buying online for sometime. 1035834      ( Date: 26-Apr-2019 13:38) Posted: the broker house will ask you to pick up the share if  your stock is suspension so it is no margin call issue as all will become cash pick up. the shortist should be more worry if they naked sell. S$1k SGD fine at least and see how long to cover to short position .  softdrink      ( Date: 26-Apr-2019 13:35) Posted: High change it will go into suspension. SGX does not call for a full review if they do not find anything fishy about it. Obviously there is something wrong with the company and that is why they called for it. Others also did write up sell report, why SGX did not query them and call for a full review? I cannot recall of any company who had been called for a full review before.    It does not matter how good the story is going to be. The fundamentals and stories are no longer in the picture now. Once into suspension, imagine the margin calls this share is going to have. It might open at 1/2 price or lower. Anything more than $1.00 is a bonus for those who had long the share.
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beng1102 Elite	26-Apr-2019 13:41        beng1102 About Contact  Quote this Post!
x 0   x 0  Alert Admin	By doing so SGX is just smart enough to shake off all responsibilites and push the blame elsewhere. softdrink      ( Date: 26-Apr-2019 13:35) Posted: High change it will go into suspension. SGX does not call for a full review if they do not find anything fishy about it. Obviously there is something wrong with the company and that is why they called for it. Others also did write up sell report, why SGX did not query them and call for a full review? I cannot recall of any company who had been called for a full review before.    It does not matter how good the story is going to be. The fundamentals and stories are no longer in the picture now. Once into suspension, imagine the margin calls this share is going to have. It might open at 1/2 price or lower. Anything more than $1.00 is a bonus for those who had long the share. michaeltan      ( Date: 26-Apr-2019 13:14) Posted: l think trading for BW shares will be likely to be suspended until the review reports is out before 30/6/2019.
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kerier Veteran	26-Apr-2019 13:38        kerier About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes, that' s because BWL is still a legitimate business. It doesn' t take on debt to maintain cash flows but whether the sales practices in China are 100% in compliance with law, that' s something we can' t confirm and this is what they are taking aim at. Maybe BWL is so secretive because they worked hard to find a way to do through the proper channels and doesn' t want others to know. Or maybe its just what Bonitas claimed.  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. bayduck      ( Date: 26-Apr-2019 12:14) Posted: Yes, everyone is in for personal gains, only that some are more honorable than others. It' s fine to share information, the problem is most forumers exhibit gross confirmation bias, only sharing information that furthers their own views. This applies to both the bulls and bears in BW. The bulls disparage Bonitas, selectively citing its lack of success in Hengan, without acknowledging Bonitas' s successful shorts in Hosa and Chong Sing (down more than 80% each). The bears refuse to entertain the notion that while a MLM could be morally dubious, it could still be a legitimate cash generative business (look at Ackman' s defeat in shorting Herbalife). A good investor understands that behind every trade, there' s a buyer and seller, and both thinks that he/she is making the right decision in buying/selling. No investment thesis is 100% right or 100% wrong, it' s all about assessing the odds by taking into account both bullish and bearish views. That should also be the spirit of sharing information - sharing views that are balanced and constructive, not one-sided and extreme.
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1035834 Senior	26-Apr-2019 13:38        1035834 About Contact  Quote this Post!
x 0   x 0  Alert Admin	the broker house will ask you to pick up the share if  your stock is suspension so it is no margin call issue as all will become cash pick up. the shortist should be more worry if they naked sell. S$1k SGD fine at least and see how long to cover to short position .  softdrink      ( Date: 26-Apr-2019 13:35) Posted: High change it will go into suspension. SGX does not call for a full review if they do not find anything fishy about it. Obviously there is something wrong with the company and that is why they called for it. Others also did write up sell report, why SGX did not query them and call for a full review? I cannot recall of any company who had been called for a full review before.    It does not matter how good the story is going to be. The fundamentals and stories are no longer in the picture now. Once into suspension, imagine the margin calls this share is going to have. It might open at 1/2 price or lower. Anything more than $1.00 is a bonus for those who had long the share. michaeltan      ( Date: 26-Apr-2019 13:14) Posted: l think trading for BW shares will be likely to be suspended until the review reports is out before 30/6/2019.
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softdrink Member	26-Apr-2019 13:35        softdrink About Contact  Quote this Post!
x 0   x 0  Alert Admin	High change it will go into suspension. SGX does not call for a full review if they do not find anything fishy about it. Obviously there is something wrong with the company and that is why they called for it. Others also did write up sell report, why SGX did not query them and call for a full review? I cannot recall of any company who had been called for a full review before.    It does not matter how good the story is going to be. The fundamentals and stories are no longer in the picture now. Once into suspension, imagine the margin calls this share is going to have. It might open at 1/2 price or lower. Anything more than $1.00 is a bonus for those who had long the share. michaeltan      ( Date: 26-Apr-2019 13:14) Posted: l think trading for BW shares will be likely to be suspended until the review reports is out before 30/6/2019.    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.
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michaeltan Master	26-Apr-2019 13:35        michaeltan About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	I think this is good for everybody and shareholders will have a complete picture to make decision. SGX will not lift for trasing as it shas requested BW to submit for a full independent review of all matters raised by short seller' s Bonitas. s100125      ( Date: 26-Apr-2019 13:28) Posted: BWL management now headach trying to come out with a good   explanation   to shareholders. Halt may drag on to be suspended and may takes months for it to be lifed. michaeltan      ( Date: 26-Apr-2019 13:14) Posted: l think trading for BW shares will be likely to be suspended until the review reports is out before 30/6/2019.
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s100125 Elite	26-Apr-2019 13:28        s100125 About Contact  Quote this Post!
x 0   x 0  Alert Admin	BWL management now headach trying to come out with a good   explanation   to shareholders. Halt may drag on to be suspended and may takes months for it to be lifed. michaeltan      ( Date: 26-Apr-2019 13:14) Posted: l think trading for BW shares will be likely to be suspended until the review reports is out before 30/6/2019.    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.
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beng1102 Elite	26-Apr-2019 13:25        beng1102 About Contact  Quote this Post!
x 0   x 0  Alert Admin	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. beng1102      ( Date: 26-Apr-2019 10:47) Posted: Directors get degree from the degree mills is nothing new.    Canyon College, USA is a distance learning institution,  "   Western Pacific University, USA" also exist, obviously these could be very low ranking uni.  For example " Dr M conferred honorary Doctor of Laws by NUS" ,    did he study doctorate  degree in NUS?
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sbscap Master	26-Apr-2019 13:20        sbscap About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	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. beng1102      ( Date: 26-Apr-2019 10:47) Posted: Directors get degree from the degree mills is nothing new.    Canyon College, USA is a distance learning institution,  "   Western Pacific University, USA" also exist, obviously these could be very low ranking uni.  For example " Dr M conferred honorary Doctor of Laws by NUS" ,    did he study doctorate  degree in NUS?   destinykraze      ( Date: 26-Apr-2019 10:36) Posted: As time goes by, more and more can of worms are being opened. Interestingly, all this while, the 2 founders are being addressed as " Dr Hoan" and " Dr Tan" ....both proudly listed they have obtained PhD degrees - from " Western Pacific University, USA" and " Canyon College, USA" - respectively. But an internet search suggests that both these institutions are either non-existent or have been found to be unaccredited or just a degree certificate printer. https://www.idahopress.com/members/online-... People who use such dubious sources to claim a " PhD" title and thus be addressed as " Dr" are very likely to be using the titles to give others a FALSE impression of their intelligence and credibility, and to hide other wrongdoings. Such an action alone casts real doubt on the INTEGRITY of the founders.
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