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Qanghoo Supreme	25-Apr-2019 19:07        Qanghoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	Just remember Midas n Noble all look very ho kia until trouble really started.  Even authorities here apparently cldn' t find any fault with Noble after IB published it' s first demning rpts on the coy.  But, as it turns out, we all know what we didn' t know earlier.  So, never think we are on top of fraudsters ..... Rather recognise that there are always people better than we.  Jamesbond007      ( Date: 25-Apr-2019 18:52) Posted: High on cash. distribute dividends. soon, the whole truth will be out. be prepared for the final outcome. good luck to all vested parties. i stand far far away from danger. now, just watching n enjoying the fun. michaeltan      ( Date: 25-Apr-2019 17:46) Posted: There are many counters the share price is more than $10+ BW is cash rich company and almost got no debt. Botanis is jealous to see Dora took HOME 85million over 5 years I guess.  The  fraudulent company is normally high in debt like Noble or Mida
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investshare Supreme	25-Apr-2019 18:57        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	Ponzi always pay very well until they cannot.
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Jamesbond007 Veteran	25-Apr-2019 18:52        Jamesbond007 About Contact  Quote this Post!
x 0   x 0  Alert Admin	High on cash. distribute dividends. soon, the whole truth will be out. be prepared for the final outcome. good luck to all vested parties. i stand far far away from danger. now, just watching n enjoying the fun. michaeltan      ( Date: 25-Apr-2019 17:46) Posted: There are many counters the share price is more than $10+ BW is cash rich company and almost got no debt. Botanis is jealous to see Dora took HOME 85million over 5 years I guess.  The  fraudulent company is normally high in debt like Noble or Midas WL123456      ( Date: 25-Apr-2019 17:11) Posted: How does this benefit the directors? Well, they inflated the revenue and profit figures and then artificially push the share price to their benefit . Where did they get their cash ? This is for CAD to investigate and find out so I won?t comment . It?s possible that the increase in share price provides the avenue for the cash. It can come from non controlling shareholders or investment vehicle that has got less than 5%
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Justice888 Supreme	25-Apr-2019 18:19        Justice888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Haha Operator81      ( Date: 25-Apr-2019 17:56) Posted: Beng, I never say it is fraud or scam, I only use the term their operations. You make me feel like running this LLP SG pte ltd meaning Liao Lim Peh Si Gan. Who cares you have 20 or 30 years compliance training, I only know there are people with 50-80 years of walking experience and they can still get knocked down by car. beng1102      ( Date: 25-Apr-2019 17:48) Posted: No worry!  I have attended all sort of mandatory compliance training almost every moth in the last 20 years.  I know what is fraud
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softdrink Member	25-Apr-2019 18:16        softdrink About Contact  Quote this Post!
x 0   x 0  Alert Admin	Haha! That is a nice one! Operator81      ( Date: 25-Apr-2019 17:56) Posted: Beng, I never say it is fraud or scam, I only use the term their operations. You make me feel like running this LLP SG pte ltd meaning Liao Lim Peh Si Gan. Who cares you have 20 or 30 years compliance training, I only know there are people with 50-80 years of walking experience and they can still get knocked down by car. beng1102      ( Date: 25-Apr-2019 17:48) Posted: No worry!  I have attended all sort of mandatory compliance training almost every moth in the last 20 years.  I know what is fraud
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greenhappy Member	25-Apr-2019 18:04        greenhappy About Contact  Quote this Post!
x 0   x 0  Alert Admin	haha lol  Operator81      ( Date: 25-Apr-2019 17:56) Posted: Beng, I never say it is fraud or scam, I only use the term their operations. You make me feel like running this LLP SG pte ltd meaning Liao Lim Peh Si Gan. Who cares you have 20 or 30 years compliance training, I only know there are people with 50-80 years of walking experience and they can still get knocked down by car. beng1102      ( Date: 25-Apr-2019 17:48) Posted: No worry!  I have attended all sort of mandatory compliance training almost every moth in the last 20 years.  I know what is fraud
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Operator81 Senior	25-Apr-2019 17:56        Operator81 About Contact  Quote this Post!
x 1   x 0  Alert Admin	Beng, I never say it is fraud or scam, I only use the term their operations. You make me feel like running this LLP SG pte ltd meaning Liao Lim Peh Si Gan. Who cares you have 20 or 30 years compliance training, I only know there are people with 50-80 years of walking experience and they can still get knocked down by car. beng1102      ( Date: 25-Apr-2019 17:48) Posted: No worry!  I have attended all sort of mandatory compliance training almost every moth in the last 20 years.  I know what is fraud. Operator81      ( Date: 25-Apr-2019 17:44) Posted: Beng, your response make me feel like i am running a LLP SG Pte Ltd.
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WL123456 Supreme	25-Apr-2019 17:51        WL123456 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I don?t know what your course is or have never read your course lol. I just post my opinion which of course can be wrong when BW management come clean with their accounts . Everything will be revealed once an investigation is made into their accounts in 2015/2016/2017. Operator81      ( Date: 25-Apr-2019 17:39) Posted: Hey you are repeating my free course: 101 operator81 course for dummies WL123456      ( Date: 25-Apr-2019 17:11) Posted: How does this benefit the directors? Well, they inflated the revenue and profit figures and then artificially push the share price to their benefit . Where did they get their cash ? This is for CAD to investigate and find out so I won?t comment . It?s possible that the increase in share price provides the avenue for the cash. It can come from non controlling shareholders or investment vehicle that has got less than 5%
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michaeltan Master	25-Apr-2019 17:49        michaeltan About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	All these companies are very high debts including Hyflux. destinykraze      ( Date: 25-Apr-2019 17:01) Posted: I' ve seen it too many times. Yuuzoo, Midas, Noble, Blumont, ISR capital, LIONgold. You have creative accounting, misleading annoucements to frauds. SGX hasn' t been doing a good job and I don' t expect them to have immediate improvement anytime soon. These " investors" will often be in the denial stage but will eventually come to the acceptance stage once they realise all is lost.
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WL123456 Supreme	25-Apr-2019 17:48        WL123456 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Haha. You go to read about Hexindai. The directors made the same issuing of dividend to shareholders enriching themselves . beng1102      ( Date: 25-Apr-2019 17:37) Posted: Normally if this kind of fraud layering is true then money should have made round trip back to the payer it will never be distributed irrelevant people like shareholders or IRAS.  The reverse is the most effective way to get money,  that is BW buys from frabricated companies where secretly the directors own these frabricated companies and if this is happening there would be no cash to payout as divident.  In any case shareholders will never get any dividend in cash. WL123456      ( Date: 25-Apr-2019 17:11) Posted: How does this benefit the directors? Well, they inflated the revenue and profit figures and then artificially push the share price to their benefit . Where did they get their cash ? This is for CAD to investigate and find out so I won?t comment . It?s possible that the increase in share price provides the avenue for the cash. It can come from non controlling shareholders or investment vehicle that has got less than 5%
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beng1102 Elite	25-Apr-2019 17:48        beng1102 About Contact  Quote this Post!
x 0   x 0  Alert Admin	No worry!  I have attended all sort of mandatory compliance training almost every moth in the last 20 years.  I know what is fraud. Operator81      ( Date: 25-Apr-2019 17:44) Posted: Beng, your response make me feel like i am running a LLP SG Pte Ltd.
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michaeltan Master	25-Apr-2019 17:46        michaeltan About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	There are many counters the share price is more than $10+ BW is cash rich company and almost got no debt. Botanis is jealous to see Dora took HOME 85million over 5 years I guess.  The  fraudulent company is normally high in debt like Noble or Midas WL123456      ( Date: 25-Apr-2019 17:11) Posted: How does this benefit the directors? Well, they inflated the revenue and profit figures and then artificially push the share price to their benefit . Where did they get their cash ? This is for CAD to investigate and find out so I won?t comment . It?s possible that the increase in share price provides the avenue for the cash. It can come from non controlling shareholders or investment vehicle that has got less than 5%. WL123456      ( Date: 25-Apr-2019 16:53) Posted: A few ask me to post the article in Pm. For those who missed it : We believe that Best World is a fraud and that its Chinese sales are a fraction of what was reported to shareholders. On March 19, 2019, Best World International Ltd. (BB: BEST __ SGX: CGN) (?Best World? or the ?Company?) disclosed to its shareholders that it hired PricewaterhouseCoopers (?PwC?) to conduct a limited, one-year independent review of its 2018 China operations. We think Best World management purposely focused PwC?s investigation solely on 2018 in an attempt to both divert attention from, and ultimately further conceal, previously reported fake sales and profits from its China operations. PRC Filings suggest that Best World fabricated at least S$ 31 million of its reported 2017 sales to its ?one major customer? (?Changsha Best?), an entity Best World management secretly controlled and exclusively created to be Best World?s off-books China counterparty. Excluding fabricated sales to Changsha Best, we calculate that Best World overstated its 2017 net profits by at least 130%. Since January 2019 we have communicated with 24 separate Best World China member representatives (?Member Rep(s)?) and have conducted field visits to 12 BWL Lifestyle Centers (~36% of Best World?s listed franchisee locations) to better understand Best World?s sales model. Our findings suggest there exists very little end user consumer demand for DR?s Secret skin care products in China. In addition, evidence suggests that since the February 18, 2019 Singapore Business Times article (the ?BT Article?), online vendors on both JD.com and Taobao.com appear to have artificially inflated their online review counts and transaction history to give a false appearance of online sales activity. We found that 8 of the 12 BWL Lifestyle Centers we visited did not sell individual products to non-members. Our investigators commented that employees at BWL Lifestyle Centers disclosed and acted as though they were not accustomed to interacting with walk-in customers. We laugh at this, but we were told by on-site employees at one BWL Lifestyle Center that we were their very first walk-in customer despite their lifestyle center being open since October 2017! As reward for their fraudulent scheme, Best World?s founders (the ?Dora?s?) exponentially accelerated their combined annual take home pay by 20x in five years, earning less than S$ 2 million in 2013 to receiving S$ 40+ million in cash in 2018! In the three years since implementing the scheme, the Dora?s collectively took home S$ 85 million in cash, while Best World exited 2018 with its trade and payables balance at an all-time high of S$ 95 million and its receivables touching all-time lows at S$ 5.2 million.
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Operator81 Senior	25-Apr-2019 17:44        Operator81 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Beng, your response make me feel like i am running a LLP SG Pte Ltd.
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Operator81 Senior	25-Apr-2019 17:39        Operator81 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hey you are repeating my free course: 101 operator81 course for dummies WL123456      ( Date: 25-Apr-2019 17:11) Posted: How does this benefit the directors? Well, they inflated the revenue and profit figures and then artificially push the share price to their benefit . Where did they get their cash ? This is for CAD to investigate and find out so I won?t comment . It?s possible that the increase in share price provides the avenue for the cash. It can come from non controlling shareholders or investment vehicle that has got less than 5%. WL123456      ( Date: 25-Apr-2019 16:53) Posted: A few ask me to post the article in Pm. For those who missed it : We believe that Best World is a fraud and that its Chinese sales are a fraction of what was reported to shareholders. On March 19, 2019, Best World International Ltd. (BB: BEST __ SGX: CGN) (?Best World? or the ?Company?) disclosed to its shareholders that it hired PricewaterhouseCoopers (?PwC?) to conduct a limited, one-year independent review of its 2018 China operations. We think Best World management purposely focused PwC?s investigation solely on 2018 in an attempt to both divert attention from, and ultimately further conceal, previously reported fake sales and profits from its China operations. PRC Filings suggest that Best World fabricated at least S$ 31 million of its reported 2017 sales to its ?one major customer? (?Changsha Best?), an entity Best World management secretly controlled and exclusively created to be Best World?s off-books China counterparty. Excluding fabricated sales to Changsha Best, we calculate that Best World overstated its 2017 net profits by at least 130%. Since January 2019 we have communicated with 24 separate Best World China member representatives (?Member Rep(s)?) and have conducted field visits to 12 BWL Lifestyle Centers (~36% of Best World?s listed franchisee locations) to better understand Best World?s sales model. Our findings suggest there exists very little end user consumer demand for DR?s Secret skin care products in China. In addition, evidence suggests that since the February 18, 2019 Singapore Business Times article (the ?BT Article?), online vendors on both JD.com and Taobao.com appear to have artificially inflated their online review counts and transaction history to give a false appearance of online sales activity. We found that 8 of the 12 BWL Lifestyle Centers we visited did not sell individual products to non-members. Our investigators commented that employees at BWL Lifestyle Centers disclosed and acted as though they were not accustomed to interacting with walk-in customers. We laugh at this, but we were told by on-site employees at one BWL Lifestyle Center that we were their very first walk-in customer despite their lifestyle center being open since October 2017! As reward for their fraudulent scheme, Best World?s founders (the ?Dora?s?) exponentially accelerated their combined annual take home pay by 20x in five years, earning less than S$ 2 million in 2013 to receiving S$ 40+ million in cash in 2018! In the three years since implementing the scheme, the Dora?s collectively took home S$ 85 million in cash, while Best World exited 2018 with its trade and payables balance at an all-time high of S$ 95 million and its receivables touching all-time lows at S$ 5.2 million.
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beng1102 Elite	25-Apr-2019 17:37        beng1102 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Normally if this kind of fraud layering is true then money should have made round trip back to the payer it will never be distributed irrelevant people like shareholders or IRAS.  The reverse is the most effective way to get money,  that is BW buys from frabricated companies where secretly the directors own these frabricated companies and if this is happening there would be no cash to payout as divident.  In any case shareholders will never get any dividend in cash. WL123456      ( Date: 25-Apr-2019 17:11) Posted: How does this benefit the directors? Well, they inflated the revenue and profit figures and then artificially push the share price to their benefit . Where did they get their cash ? This is for CAD to investigate and find out so I won?t comment . It?s possible that the increase in share price provides the avenue for the cash. It can come from non controlling shareholders or investment vehicle that has got less than 5%. WL123456      ( Date: 25-Apr-2019 16:53) Posted: A few ask me to post the article in Pm. For those who missed it : We believe that Best World is a fraud and that its Chinese sales are a fraction of what was reported to shareholders. On March 19, 2019, Best World International Ltd. (BB: BEST __ SGX: CGN) (?Best World? or the ?Company?) disclosed to its shareholders that it hired PricewaterhouseCoopers (?PwC?) to conduct a limited, one-year independent review of its 2018 China operations. We think Best World management purposely focused PwC?s investigation solely on 2018 in an attempt to both divert attention from, and ultimately further conceal, previously reported fake sales and profits from its China operations. PRC Filings suggest that Best World fabricated at least S$ 31 million of its reported 2017 sales to its ?one major customer? (?Changsha Best?), an entity Best World management secretly controlled and exclusively created to be Best World?s off-books China counterparty. Excluding fabricated sales to Changsha Best, we calculate that Best World overstated its 2017 net profits by at least 130%. Since January 2019 we have communicated with 24 separate Best World China member representatives (?Member Rep(s)?) and have conducted field visits to 12 BWL Lifestyle Centers (~36% of Best World?s listed franchisee locations) to better understand Best World?s sales model. Our findings suggest there exists very little end user consumer demand for DR?s Secret skin care products in China. In addition, evidence suggests that since the February 18, 2019 Singapore Business Times article (the ?BT Article?), online vendors on both JD.com and Taobao.com appear to have artificially inflated their online review counts and transaction history to give a false appearance of online sales activity. We found that 8 of the 12 BWL Lifestyle Centers we visited did not sell individual products to non-members. Our investigators commented that employees at BWL Lifestyle Centers disclosed and acted as though they were not accustomed to interacting with walk-in customers. We laugh at this, but we were told by on-site employees at one BWL Lifestyle Center that we were their very first walk-in customer despite their lifestyle center being open since October 2017! As reward for their fraudulent scheme, Best World?s founders (the ?Dora?s?) exponentially accelerated their combined annual take home pay by 20x in five years, earning less than S$ 2 million in 2013 to receiving S$ 40+ million in cash in 2018! In the three years since implementing the scheme, the Dora?s collectively took home S$ 85 million in cash, while Best World exited 2018 with its trade and payables balance at an all-time high of S$ 95 million and its receivables touching all-time lows at S$ 5.2 million.
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WL123456 Supreme	25-Apr-2019 17:11        WL123456 About Contact  Quote this Post!
x 0   x 0  Alert Admin	How does this benefit the directors? Well, they inflated the revenue and profit figures and then artificially push the share price to their benefit . Where did they get their cash ? This is for CAD to investigate and find out so I won?t comment . It?s possible that the increase in share price provides the avenue for the cash. It can come from non controlling shareholders or investment vehicle that has got less than 5%. WL123456      ( Date: 25-Apr-2019 16:53) Posted: A few ask me to post the article in Pm. For those who missed it : We believe that Best World is a fraud and that its Chinese sales are a fraction of what was reported to shareholders. On March 19, 2019, Best World International Ltd. (BB: BEST __ SGX: CGN) (?Best World? or the ?Company?) disclosed to its shareholders that it hired PricewaterhouseCoopers (?PwC?) to conduct a limited, one-year independent review of its 2018 China operations. We think Best World management purposely focused PwC?s investigation solely on 2018 in an attempt to both divert attention from, and ultimately further conceal, previously reported fake sales and profits from its China operations. PRC Filings suggest that Best World fabricated at least S$ 31 million of its reported 2017 sales to its ?one major customer? (?Changsha Best?), an entity Best World management secretly controlled and exclusively created to be Best World?s off-books China counterparty. Excluding fabricated sales to Changsha Best, we calculate that Best World overstated its 2017 net profits by at least 130%. Since January 2019 we have communicated with 24 separate Best World China member representatives (?Member Rep(s)?) and have conducted field visits to 12 BWL Lifestyle Centers (~36% of Best World?s listed franchisee locations) to better understand Best World?s sales model. Our findings suggest there exists very little end user consumer demand for DR?s Secret skin care products in China. In addition, evidence suggests that since the February 18, 2019 Singapore Business Times article (the ?BT Article?), online vendors on both JD.com and Taobao.com appear to have artificially inflated their online review counts and transaction history to give a false appearance of online sales activity. We found that 8 of the 12 BWL Lifestyle Centers we visited did not sell individual products to non-members. Our investigators commented that employees at BWL Lifestyle Centers disclosed and acted as though they were not accustomed to interacting with walk-in customers. We laugh at this, but we were told by on-site employees at one BWL Lifestyle Center that we were their very first walk-in customer despite their lifestyle center being open since October 2017! As reward for their fraudulent scheme, Best World?s founders (the ?Dora?s?) exponentially accelerated their combined annual take home pay by 20x in five years, earning less than S$ 2 million in 2013 to receiving S$ 40+ million in cash in 2018! In the three years since implementing the scheme, the Dora?s collectively took home S$ 85 million in cash, while Best World exited 2018 with its trade and payables balance at an all-time high of S$ 95 million and its receivables touching all-time lows at S$ 5.2 million.
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Starship Supreme	25-Apr-2019 17:06        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	destinykraze      ( Date: 25-Apr-2019 17:01) Posted: I' ve seen it too many times. Yuuzoo, Midas, Noble, Blumont, ISR capital, LIONgold. You have creative accounting, misleading annoucements to frauds. SGX hasn' t been doing a good job and I don' t expect them to have immediate improvement anytime soon. These " investors" will often be in the denial stage but will eventually come to the acceptance stage once they realise all is lost.
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destinykraze Elite	25-Apr-2019 17:01        destinykraze About Contact  Quote this Post!   Yells: "Reality is only a matter of perception"
x 0   x 0  Alert Admin	I' ve seen it too many times. Yuuzoo, Midas, Noble, Blumont, ISR capital, LIONgold. You have creative accounting, misleading annoucements to frauds. SGX hasn' t been doing a good job and I don' t expect them to have immediate improvement anytime soon. These " investors" will often be in the denial stage but will eventually come to the acceptance stage once they realise all is lost.
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beng1102 Elite	25-Apr-2019 16:56        beng1102 About Contact  Quote this Post!
x 0   x 0  Alert Admin	That' s a good one.  U must be seeing stars by now! Starship      ( Date: 25-Apr-2019 16:54) Posted: Operator81      ( Date: 25-Apr-2019 16:49) Posted: Let us know if you need step by step illustration
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bwavep Senior	25-Apr-2019 16:55        bwavep About Contact  Quote this Post!
x 0   x 0  Alert Admin	these cows look way too happy to be BW breed....unless they are the Friesians that cashed out at $3  Starship      ( Date: 25-Apr-2019 16:46) Posted: michaeltan      ( Date: 25-Apr-2019 16:39) Posted: You can talk until the cows come home. You could sit here and argue but it wouldn' t solve anything. The best is BW could pull in a big investor and submit a concrete report to SGX. The share price now of the valuation is pretty attractive now with 0.54 cents of dividend.
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