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THE BEST IS YET TO BE
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Leehonghng
Member |
25-Apr-2019 10:16
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I believe the subject company is doing other illegal business activities in China other than mlm business, e.g. illegal money transactions, etc. etc. Let the China Government and their relevant departments concerned do the works first and, main while, I believe our other "Checkers" already triggered the main alarms. | ||||
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Operator81
Senior |
25-Apr-2019 10:12
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Free 101 course for those who have not wakened up. This is an expensive but valuable lesson.
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michaeltan
Master |
25-Apr-2019 10:03
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Understand BW  franchise business was introduce a year ago. Is a matter of fact that when a newly launched  franchise business could spur a tremendous increase of sales revenue in term of China Iis one of the world highest population. The standard of living of the people is getting a better and the importance of healthcare and beauty is the norm nowadays. 
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curious_moo
Master |
25-Apr-2019 09:56
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i think the report in Bonitas mentioned inflated earnings, nothing about " fake" money thou.. and if your asking where the money come from if its all a fraud, i believed some " operator81" tried to explain that there is still a possibility to get money from retail investors who are chasing the stock using mule accounts. this is somwhat similar to how MLM works when fresh funds (new retail investors buying during the uptrend) are coming from 下 线 distributors which are being used to feed the commission (dividends payout) for 上 限 managers (老 教 ).. but of cus all these are pure speculations.. just be open to all possibilities and take into account such risk (even thou it might be small) and take your call. do not be biased in your thoughts.  
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bicycle
Member |
25-Apr-2019 09:53
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The scope of work for PWC is structured in such a way that the review will not yield anything negative. Go and read if dont believe me. On the other hand, I believe money is legit. The biz practice of franchisees is the subject of contention, which I believe is operating as MLM. The only question is will the china authority take action? When? Because herbalife have shown that they can still play around the rules and huat. Whereas QuanJian was busted. So playing field is not level. |
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zillion
Master |
25-Apr-2019 09:52
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How much are the dividends, how much capital was used for share buy backs? | ||||
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Starship
Supreme |
25-Apr-2019 09:45
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Have previous cases of Independent Reviews for failed companies such as Noble, Yuuzoo, Midas, etc unearthed the problems in the companies? If yes, then good. If no, then its a waste of time and money.    ![]() ![]()
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beng1102
Elite |
25-Apr-2019 09:39
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All the shareholders got the dividend and the money is real and you can spend it.  If the directors are so clever to commit fraud why would bother to give a single cent to anyone?
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lifeisgood
Supreme |
25-Apr-2019 09:25
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I dont think it is fraud. If the bank account is being kept in SINGAPORE ALL ALONG, PWC would be able to trace whether the cash in the company is real. However, its business practices in China could be questionable. Thats the real problem if it is illegal and Chna comes clamping down. In time to come, we will find out if the Chinese authority were alerted. If after some time still no China government clamp down, it means its business in China is legit. Not vested, waiting for more clarity first.
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beng1102
Elite |
25-Apr-2019 09:17
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The key questions still not confronted is that:  The money payout to Shareholders as dividend, the money paid to authority as Tax and  the money paid to buy back share where so much of money coming from?  I have never come across any business which paid out so much money and have almost zero debt and it is fraud.  If it is fraud, the company would normal report fantatic profit but very little cash, huge debt and they would implement option for the shareholders to receive shares as dividend. 
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michaeltan
Master |
25-Apr-2019 09:15
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Better suspension until the independent review report is out.
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gravity8888
Supreme |
25-Apr-2019 09:09
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Well said... Let not create fear here. | ||||
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1035834
Senior |
25-Apr-2019 08:59
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Now Sgx reg  stepped in to ask for a independent review, if the findings show the sales and profit is genuine and the china legal confirmed the way of BWL doing business is proper , the shortist will pay greater price for close their postion vice versa for those long if the profit was inflated.  But for sure this counter will turn into suspension after halt , as this type of independent review can drag for few months . No point keep guessing here as we only use our personal bias to judge the things.  | ||||
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Sen9999
Member |
25-Apr-2019 08:53
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Yah SG counters also almost the same, serves members mainly. The "walk in" customers always make contact online first then make appt to meet a specialist at the office before purchasing. This is the SG model
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bwavep
Senior |
25-Apr-2019 07:58
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many parties are ' hired guns' , so to speak.  are BW new auditors not hired to perform certain functions as well? in my experience, the biggest crooks are the ones who do not necessarily look like crooks.  did Bernie Madoff look like a crook?  is he better than a street robber who mugs an elderly lady just because he looks less like a crook? how successful do we think Bonitas would be if they made groundless accusations against a company running a perfectly legimitate business operation with nothing to hide?  and a rigged operation can still manipulate the share price up if they are in such control of their shares in the market. however, before BW > $80m wealthier management comes out to clear the air as best they can, it does feel like it did on other forums where I saw investors readily defend or put down companies because of their vested views.  Noble was a particularly interesting example whereby long suffering shareholders still came out in defence of the company (and shockingly management) and slung mud at the short seller reports over the 3 year saga, when it was increasingly clear early on the blame laid with the key management past financial shenanigans. both longs and shorts can express their views in the market and if indeed the shortist analysis and points are hogwash, the longs would benefit tremendously from this pullback in prices. to be objectively transparent, i' ve both long & shorted BW as market opportunities provided itself over the years.  and i sincerely wish forumners best of luck in their positions on either side as this story plays out.  
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runaway
Senior |
25-Apr-2019 07:42
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今 天 早 报 有 很 好 的 报 道 。 I think Bonitas Research has what it takes to defend its allegation of BW. BR did the same to two China Stocks and succeeded. It brought them down to near Zero value. For a share to rise in less than 8 months from $1.21 on 21/6/18 to $3.30 on 11/02/19, and dived to $.162 yesterday in less than 2 months, is the story of BW really too good to be true?   |
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meljohn
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25-Apr-2019 07:03
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Short sellers have share from big share holders ?? Trap for short seller to sell ?? Share Big drop ?? Company share buy back?  --last three days 6mil+ --Last week 7mil+ --week befofre last week 9mil+ --2 weeks bfore 6mil+per week. Good opportunity to buy when stock reach lower level and company start big volume share buy back Since company projected high profit and high dividend.   |
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enjoylife77
Veteran |
25-Apr-2019 03:28
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Get ready for another Hong Lim Park protest.  | ||||
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chanben767
Member |
24-Apr-2019 23:30
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I went to Bonitas website. They have about a total of 12 reports done over 8 years. This company really looks like hired guns. I also agree with one of the forum member who said the CEO face looks like a crook.
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Qanghoo
Supreme |
24-Apr-2019 23:17
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I see some very serious allegations being made here, including naming names, without substantiating.  Cld get people into very serious trouble ......
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