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robert.tan.2171 Member	24-Apr-2019 21:13        robert.tan.2171 About Contact  Quote this Post!
x 0   x 0  Alert Admin	isn&rsquo t this considered fake news. why do the BT journalists help propagate fake news then? Someone needs to take action. alvin.lim.77      ( Date: 24-Apr-2019 21:04) Posted:   read through the article and i, in fact must say that BW should actually thank Bonitas.  They claim fake sales etc, but then they say &ldquo Best World&rsquo s founders (the &ldquo Dora&rsquo s&rdquo ) 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!&rdquo . If really no money, how can the founders increase by 20X.  Bonitas also claimed that there was not much selling going on, in fact none. BW do not do channel stuffing, that' s why ppl can' t buy the products on the spot at the lifestyle centres. They need to place order, make payment then come back and collect at a later date. Upon collecting payment, the centre will aggregate the orders, place order with BW, then BW will send the products to the centre.  sanchezbarry77      ( Date: 24-Apr-2019 20:50) Posted: BT article also claimed that Bonitas said the employees at those centres did not seem used to dealing with walk-in customers. How was this measured? Nowadays BT&rsquo s article justification very ambiguous
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beng1102 Elite	24-Apr-2019 21:12        beng1102 About Contact  Quote this Post!
x 0   x 0  Alert Admin	My luck is always good!  No fear.  Strong buy when resume. softdrink      ( Date: 24-Apr-2019 21:03) Posted: NO FEAR still in denial. Good for you! NO FEAR!  If come in trading suspension, price would be NO FEAR! Good luck! beng1102      ( Date: 24-Apr-2019 20:50) Posted: Fake report!  The facts are these: 1.    The dividend payout is increasing and the money received by sharehold is READ money NOT fake. 2.    Both company and directors buy back the share with READ money, this cannot be fake. 3.    Fres cash balance of more than $200 millions cannot be fake.  As the balance sheet P& L and cash flow all add up. Which company can be fake still have so much cash to pay dividend and payback share when it is almost zero debt?
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JarBinx Member	24-Apr-2019 21:12        JarBinx About Contact  Quote this Post!
x 0   x 0  Alert Admin	The 40m (combined) in cash is 8m remuneration and 32m dividends (they own 46% stake in BWL) alvin.lim.77      ( Date: 24-Apr-2019 21:04) Posted:   read through the article and i, in fact must say that BW should actually thank Bonitas.  They claim fake sales etc, but then they say &ldquo Best World&rsquo s founders (the &ldquo Dora&rsquo s&rdquo ) exponentially accelerated their combined annual take home pay by 20x in five years, earning less than S$ 2 million in 2013 to receiving S$ 40+ million in cash in 2018!&rdquo . If really no money, how can the founders increase by 20X.  Bonitas also claimed that there was not much selling going on, in fact none. BW do not do channel stuffing, that' s why ppl can' t buy the products on the spot at the lifestyle centres. They need to place order, make payment then come back and collect at a later date. Upon collecting payment, the centre will aggregate the orders, place order with BW, then BW will send the products to the centre.  sanchezbarry77      ( Date: 24-Apr-2019 20:50) Posted: BT article also claimed that Bonitas said the employees at those centres did not seem used to dealing with walk-in customers. How was this measured? Nowadays BT&rsquo s article justification very ambiguous
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bwavep Senior	24-Apr-2019 21:10        bwavep About Contact  Quote this Post!
x 0   x 0  Alert Admin	have made money on both long and short side of the trade so objectivity  is key.... bwavep      ( Date: 24-Apr-2019 21:08) Posted: as indicated earlier... at the end of the day, the counter is not a virtually zero value company like Noble, but nor is it probably worth a hyped up > $3.  the price adjustment from the highs is a valid one, with or without the short sellers.  incidentally, the short seller reports did not condemn the company to death, unlike say Noble.  it does however point to the appearance of less than ethical practices which management will have an interesting time explaining away. both sides should take a more objective view of the latest turn of events    beng1102      ( Date: 24-Apr-2019 20:50) Posted: Fake report!  The facts are these: 1.    The dividend payout is increasing and the money received by sharehold is READ money NOT fake. 2.    Both company and directors buy back the share with READ money, this cannot be fake. 3.    Fres cash balance of more than $200 millions cannot be fake.  As the balance sheet P& L and cash flow all add up. Which company can be fake still have so much cash to pay dividend and payback share when it is almost zero debt?
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bwavep Senior	24-Apr-2019 21:08        bwavep About Contact  Quote this Post!
x 0   x 0  Alert Admin	as indicated earlier... at the end of the day, the counter is not a virtually zero value company like Noble, but nor is it probably worth a hyped up > $3.  the price adjustment from the highs is a valid one, with or without the short sellers.  incidentally, the short seller reports did not condemn the company to death, unlike say Noble.  it does however point to the appearance of less than ethical practices which management will have an interesting time explaining away. both sides should take a more objective view of the latest turn of events    beng1102      ( Date: 24-Apr-2019 20:50) Posted: Fake report!  The facts are these: 1.    The dividend payout is increasing and the money received by sharehold is READ money NOT fake. 2.    Both company and directors buy back the share with READ money, this cannot be fake. 3.    Fres cash balance of more than $200 millions cannot be fake.  As the balance sheet P& L and cash flow all add up. Which company can be fake still have so much cash to pay dividend and payback share when it is almost zero debt?    michaeltan      ( Date: 24-Apr-2019 20:30) Posted: Since January 2019 we have communicated with 24 separate Best World China member representatives (&ldquo Member Rep(s)&rdquo ) and have conducted field visits to 12 BWL Lifestyle Centers (~36% of Best World&rsquo s listed franchisee locations) to better understand Best World&rsquo s sales model. Why now then surface?
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Jamesbond007 Veteran	24-Apr-2019 21:07        Jamesbond007 About Contact  Quote this Post!
x 0   x 0  Alert Admin	When thè re is smoke there is fire.
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alvin.lim.77 Member	24-Apr-2019 21:04        alvin.lim.77 About Contact  Quote this Post!
x 0   x 0  Alert Admin	read through the article and i, in fact must say that BW should actually thank Bonitas.  They claim fake sales etc, but then they say &ldquo Best World&rsquo s founders (the &ldquo Dora&rsquo s&rdquo ) exponentially accelerated their combined annual take home pay by 20x in five years, earning less than S$ 2 million in 2013 to receiving S$ 40+ million in cash in 2018!&rdquo . If really no money, how can the founders increase by 20X.  Bonitas also claimed that there was not much selling going on, in fact none. BW do not do channel stuffing, that' s why ppl can' t buy the products on the spot at the lifestyle centres. They need to place order, make payment then come back and collect at a later date. Upon collecting payment, the centre will aggregate the orders, place order with BW, then BW will send the products to the centre.  sanchezbarry77      ( Date: 24-Apr-2019 20:50) Posted: BT article also claimed that Bonitas said the employees at those centres did not seem used to dealing with walk-in customers. How was this measured? Nowadays BT&rsquo s article justification very ambiguous  kevin.tay.18      ( Date: 24-Apr-2019 20:08) Posted: Do you really think the Bonitas actually visited 12 Best World-linked outlets in China ? If really did, why never take photos? Something fishy
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softdrink Member	24-Apr-2019 21:03        softdrink About Contact  Quote this Post!
x 0   x 0  Alert Admin	NO FEAR still in denial. Good for you! NO FEAR!  If come in trading suspension, price would be NO FEAR! Good luck! beng1102      ( Date: 24-Apr-2019 20:50) Posted: Fake report!  The facts are these: 1.    The dividend payout is increasing and the money received by sharehold is READ money NOT fake. 2.    Both company and directors buy back the share with READ money, this cannot be fake. 3.    Fres cash balance of more than $200 millions cannot be fake.  As the balance sheet P& L and cash flow all add up. Which company can be fake still have so much cash to pay dividend and payback share when it is almost zero debt?    michaeltan      ( Date: 24-Apr-2019 20:30) Posted: Since January 2019 we have communicated with 24 separate Best World China member representatives (&ldquo Member Rep(s)&rdquo ) and have conducted field visits to 12 BWL Lifestyle Centers (~36% of Best World&rsquo s listed franchisee locations) to better understand Best World&rsquo s sales model. Why now then surface?
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michaeltan Master	24-Apr-2019 21:02        michaeltan About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	I am not wrong if you are doing an internet shopping. You need to sign in to be a member and password to make the transaction.    michaeltan      ( Date: 24-Apr-2019 20:56) Posted: Anything wrong BWL lifestyle Centers sales model cater it for all it members. Not for the walk in customer but you need sign in as member then enjoy the benefits. Anything wrong with this kind of sales models? Justice888      ( Date: 24-Apr-2019 20:47) Posted: I think they meant they started since jan. Well they also need time to visit all the branches
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michaeltan Master	24-Apr-2019 20:56        michaeltan About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	Anything wrong BWL lifestyle Centers sales model cater it for all it members. Not for the walk in customer but you need sign in as member then enjoy the benefits. Anything wrong with this kind of sales models? Justice888      ( Date: 24-Apr-2019 20:47) Posted: I think they meant they started since jan. Well they also need time to visit all the branches michaeltan      ( Date: 24-Apr-2019 20:30) Posted: Since January 2019 we have communicated with 24 separate Best World China member representatives (&ldquo Member Rep(s)&rdquo ) and have conducted field visits to 12 BWL Lifestyle Centers (~36% of Best World&rsquo s listed franchisee locations) to better understand Best World&rsquo s sales model. Why now then surface?
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beng1102 Elite	24-Apr-2019 20:50        beng1102 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Fake report!  The facts are these: 1.    The dividend payout is increasing and the money received by sharehold is READ money NOT fake. 2.    Both company and directors buy back the share with READ money, this cannot be fake. 3.    Fres cash balance of more than $200 millions cannot be fake.  As the balance sheet P& L and cash flow all add up. Which company can be fake still have so much cash to pay dividend and payback share when it is almost zero debt?    michaeltan      ( Date: 24-Apr-2019 20:30) Posted: Since January 2019 we have communicated with 24 separate Best World China member representatives (&ldquo Member Rep(s)&rdquo ) and have conducted field visits to 12 BWL Lifestyle Centers (~36% of Best World&rsquo s listed franchisee locations) to better understand Best World&rsquo s sales model. Why now then surface? softdrink      ( Date: 24-Apr-2019 20:09) Posted: Please read the full report and you will see those photos
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sanchezbarry77 Member	24-Apr-2019 20:50        sanchezbarry77 About Contact  Quote this Post!
x 0   x 0  Alert Admin	BT article also claimed that Bonitas said the employees at those centres did not seem used to dealing with walk-in customers. How was this measured? Nowadays BT&rsquo s article justification very ambiguous  kevin.tay.18      ( Date: 24-Apr-2019 20:08) Posted: Do you really think the Bonitas actually visited 12 Best World-linked outlets in China ? If really did, why never take photos? Something fishy
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Justice888 Supreme	24-Apr-2019 20:47        Justice888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I think they meant they started since jan. Well they also need time to visit all the branches michaeltan      ( Date: 24-Apr-2019 20:30) Posted: Since January 2019 we have communicated with 24 separate Best World China member representatives (&ldquo Member Rep(s)&rdquo ) and have conducted field visits to 12 BWL Lifestyle Centers (~36% of Best World&rsquo s listed franchisee locations) to better understand Best World&rsquo s sales model. Why now then surface? softdrink      ( Date: 24-Apr-2019 20:09) Posted: Please read the full report and you will see those photos
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michaeltan Master	24-Apr-2019 20:30        michaeltan About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	Since January 2019 we have communicated with 24 separate Best World China member representatives (&ldquo Member Rep(s)&rdquo ) and have conducted field visits to 12 BWL Lifestyle Centers (~36% of Best World&rsquo s listed franchisee locations) to better understand Best World&rsquo s sales model. Why now then surface? softdrink      ( Date: 24-Apr-2019 20:09) Posted: Please read the full report and you will see those photos. kevin.tay.18      ( Date: 24-Apr-2019 20:08) Posted: Do you really think the Bonitas actually visited 12 Best World-linked outlets in China ? If really did, why never take photos? Something fishy
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softdrink Member	24-Apr-2019 20:09        softdrink About Contact  Quote this Post!
x 0   x 0  Alert Admin	Please read the full report and you will see those photos. kevin.tay.18      ( Date: 24-Apr-2019 20:08) Posted: Do you really think the Bonitas actually visited 12 Best World-linked outlets in China ? If really did, why never take photos? Something fishy
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kevin.tay.18 Member	24-Apr-2019 20:08        kevin.tay.18 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Do you really think the Bonitas actually visited 12 Best World-linked outlets in China ? If really did, why never take photos? Something fishy
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softdrink Member	24-Apr-2019 20:04        softdrink About Contact  Quote this Post!
x 0   x 0  Alert Admin	Still think it is good? Sources from Bloomberg: Singapore Exchange&rsquo s regulatory unit expects " the company to call for a full independent review of all matters raised in the report," it  said  in a statement after market hours. " We expect to be consulted on the terms of reference of the review," it said. https://www.bloomberg.com/news/articles/2019-04-24/short-seller-bonitas-targets-singapore-s-best-world-shares-drop There would be a high change of trading suspension! Good luck to those who are holding! But, NO FEAR!
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michaeltan Master	24-Apr-2019 19:47        michaeltan About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	We all know well the short seller intention. Bonitas questined BW reported sales and profits as well as the legality of it sales practices in China. Of course you have the right to question BW. To be fair BW has the right to clarify all the accusation and  challenge their business legality in China or else where. Don' t forget Bonitas did questioned Hengan company' s financial reporting but company stock gained almost 20% throwback to his face. Justice888      ( Date: 24-Apr-2019 19:21) Posted: That time noble saga . CIC is the major shareholder with 9.6% stake . They also never help. Their investment go down the drai Operator81      ( Date: 24-Apr-2019 19:16) Posted: If there is no problem with the company, where do you need temasek to invest. Please dun threaten to vote opposition or go hong lim park protest because the outcome is Hongkan. People refer Hyflux water to national security, you want to try to promote best world product as National health secret
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softdrink Member	24-Apr-2019 19:45        softdrink About Contact  Quote this Post!
x 0   x 0  Alert Admin	After reading those post, it is not difficult to know who has  long in their position. Still living in denial and hoping that the share will bounce back. The game is over. The report is not rubbish and has done what PWC was supposed to do (Even with photos). I wonder how PWC will sign off the report since this report has come out. I do not worry for those naked shot position because come open, the share will definitely tumble. The amount is enough to cover those fines imposed by SGX and even they buy back at 2 bids higher, they will still make a profit. Personally, I had shot this counter since OCT last year with total of 500 000 shares averaging $2.30, some from SBL, some from CFD. I even did naked shot today. I am comfortable with my position. The ones who need to worry is those who are still holding on their shares. As it says, no wind, no wave. After so many reports in 3 months, what does it indicate? Why not chose other counters to write those report but this counter? More negative report will come out in time.   NO FEAR, worse come to worse lose money only. Personally, I am comfortable with my position and not switch to long position and still hope for the best.
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dyingcat Veteran	24-Apr-2019 19:34        dyingcat About Contact  Quote this Post!
x 0   x 0  Alert Admin	Shorting price at $1.68, and shortists can't borrow to short. If share holders hold tight, how much will sgx cover back? Easily 20 bids higher. So I urge longists hold on to their positions and watch how Bonitas gets burned. Alvin2042      ( Date: 24-Apr-2019 19:19) Posted: Only if they can prove all is clean n above board. If not shortlists still better than those holding longs. dyingcat      ( Date: 24-Apr-2019 19:17) Posted: Just imagine SGX buy up 2.2m shares at one go. Good luck, man.
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