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http://www.straitstimes.com/business/industry-awards-farce-or-fortune
E-commerce firm YuuZoo Corp will appoint an independent third party to investigate claims and statements made about the company.
The move was described by YuuZoo in a pre-market exchange filing yesterday as an initiative " to put an end to further speculation and misleading public claims" .
It came in response to six articles published in The Business Times between May 4 and July 11 and claims made in public and privately by its former financial controller.
YuuZoo said it believes the recent decline in its share price can be linked to the " inaccurate statements and claims" made in the articles. It added that many of the issues raised had already been addressed by its auditors for its 2016 financial results. They gave YuuZoo a clean audit.
" Despite this, the board has, at the suggestion of the company' s executive chairman, decided on the following initiatives to put an end to further speculation and misleading public claims," it said.
YuuZoo noted the claims to be investigated include those filed by former YuuZoo employees against the firm' s former financial controller, including two different police reports, one of which was filed for extortion.
lol...as usual like yuuzoo management..play on their JVs news...haha after that no follow up...haha now dont even bother to resolve the auditor issue...haha....
Demostation ( Date: 05-Sep-2016 11:37) Posted:
Play the old record over and over again, the auditor issue? Short and play the record, short and play the record. The record never breaks, but the gramophone may break. Hahaha.
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Play the old record over and over again, the auditor issue? Short and play the record, short and play the record. The record never breaks, but the gramophone may break. Hahaha.
ready to short aain...lol...wont know how long they will take to resolve auditor... drag until 2017 to resolve 2015 FY results lol...dragging for so long..make ppl wonder...are they able to find a Big 4 auditor or not....
Macqueen ( Date: 25-Aug-2016 17:52) Posted:
Think still go meat to short my 2 cent
andysim83 ( Date: 25-Aug-2016 15:50) Posted:
for sure 1 thing....auditor issue they will drag n drag...coming 4 months...lets see how long they will take...hopefully they dun come out with JV using shares again..definitely make their share price worse....
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Think still go meat to short my 2 cent
andysim83 ( Date: 25-Aug-2016 15:50) Posted:
for sure 1 thing....auditor issue they will drag n drag...coming 4 months...lets see how long they will take...hopefully they dun come out with JV using shares again..definitely make their share price worse....
Astroman ( Date: 24-Aug-2016 15:45) Posted:
e commerce is a big thing now. Hold for long should be beneficial. Once the auditor issue is resolved and dividens are given in cash, the price of Yuuzoo will go up. Those who play contra or short, you have to go thru the anxiety of the fluctuation of the stock movement.
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for sure 1 thing....auditor issue they will drag n drag...coming 4 months...lets see how long they will take...hopefully they dun come out with JV using shares again..definitely make their share price worse....
Astroman ( Date: 24-Aug-2016 15:45) Posted:
e commerce is a big thing now. Hold for long should be beneficial. Once the auditor issue is resolved and dividens are given in cash, the price of Yuuzoo will go up. Those who play contra or short, you have to go thru the anxiety of the fluctuation of the stock movement.
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lol...up 1 day down again....no hope in this counter...this 1 is 90% time short..make money...
treetops ( Date: 25-Aug-2016 13:05) Posted:
Arthur Andersen LLP, based in Chicago, is an American holding company and formerly one of the " Big Five" accounting firms among PricewaterhouseCoopers, Deloitte Touche Tohmatsu, Ernst & Young and KPMG, providing auditing, tax, and consulting services to large corporations. In 2002, the firm voluntarily surrendered its licenses to practice as Certified Public Accountants in the United States after being found guilty of criminal charges relating to the firm' s handling of the auditing of Enron, an energy corporation based in Texas, which had filed for bankruptcy in 2001.
sheerluck ( Date: 25-Aug-2016 12:11) Posted:
Reminded me of ENRON and Arthur Andersen.
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Arthur Andersen LLP, based in
Chicago, is an American holding company and formerly one of the
" Big Five" accounting firms among
PricewaterhouseCoopers,
Deloitte Touche Tohmatsu,
Ernst & Young and
KPMG, providing
auditing,
tax, and
consulting services to large
corporations. In 2002, the firm voluntarily surrendered its licenses to practice as
Certified Public Accountants in the United States after being
found guilty of criminal charges relating to the firm' s handling of the
auditing of
Enron, an energy corporation based in
Texas, which had
filed for
bankruptcy in 2001.
sheerluck ( Date: 25-Aug-2016 12:11) Posted:
Reminded me of ENRON and Arthur Andersen.
treetops ( Date: 25-Aug-2016 10:34) Posted:
" hey..u won' t do it.....I just find someone else....here...pay u some money....just do it" ......
Then that auditor will be asked to go la kopi! lol
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Reminded me of ENRON and Arthur Andersen.
treetops ( Date: 25-Aug-2016 10:34) Posted:
" hey..u won' t do it.....I just find someone else....here...pay u some money....just do it" ......
Then that auditor will be asked to go la kopi! lol
zandlery ( Date: 24-Aug-2016 17:21) Posted:
| don't think the auditor issue will be easily resolved.... most auditors using similar method to audit......it not like "hey..u won't do it.....I just find someone else....here...pay u some money....just do it"......if other e-commence business did not encounter problem in auditing.....why Yuuzoo have issue......it should arouse doubt whether their business are real.... |
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" hey..u won' t do it.....I just find someone else....here...pay u some money....just do it" ......
Then that auditor will be asked to go la kopi! lol
zandlery ( Date: 24-Aug-2016 17:21) Posted:
don't think the auditor issue will be easily resolved.... most auditors using similar method to audit......it not like "hey..u won't do it.....I just find someone else....here...pay u some money....just do it"......if other e-commence business did not encounter problem in auditing.....why Yuuzoo have issue......it should arouse doubt whether their business are real.....
Astroman ( Date: 24-Aug-2016 15:45) Posted:
e commerce is a big thing now. Hold for long should be beneficial. Once the auditor issue is resolved and dividens are given in cash, the price of Yuuzoo will go up. Those who play contra or short, you have to go thru the anxiety of the fluctuation of the stock movement.
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lol....ppl do ecommerce got cash revenue coming in...this 1 do for so long still paper revenue....few hundred million revenue yet cannot cash out...which auditor dare to put their chop on it...
zandlery ( Date: 24-Aug-2016 17:21) Posted:
don't think the auditor issue will be easily resolved.... most auditors using similar method to audit......it not like "hey..u won't do it.....I just find someone else....here...pay u some money....just do it"......if other e-commence business did not encounter problem in auditing.....why Yuuzoo have issue......it should arouse doubt whether their business are real.....
Astroman ( Date: 24-Aug-2016 15:45) Posted:
e commerce is a big thing now. Hold for long should be beneficial. Once the auditor issue is resolved and dividens are given in cash, the price of Yuuzoo will go up. Those who play contra or short, you have to go thru the anxiety of the fluctuation of the stock movement.
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don't think the auditor issue will be easily resolved.... most auditors using similar method to audit......it not like "hey..u won't do it.....I just find someone else....here...pay u some money....just do it"......if other e-commence business did not encounter problem in auditing.....why Yuuzoo have issue......it should arouse doubt whether their business are real.....
Astroman ( Date: 24-Aug-2016 15:45) Posted:
e commerce is a big thing now. Hold for long should be beneficial. Once the auditor issue is resolved and dividens are given in cash, the price of Yuuzoo will go up. Those who play contra or short, you have to go thru the anxiety of the fluctuation of the stock movement.
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lucky not to short it at 0.145. rebouncing. Mcdonald also watching this counter.
Yes.. short more, pls. lol.
sgxtrader2013 ( Date: 24-Aug-2016 15:37) Posted:
| Time to start short it right now. |
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e commerce is a big thing now. Hold for long should be beneficial. Once the auditor issue is resolved and dividens are given in cash, the price of Yuuzoo will go up. Those who play contra or short, you have to go thru the anxiety of the fluctuation of the stock movement.
Time to start short it right now.
Any Good News Yuuzoo up again today ?
golden_SGX ( Date: 24-Aug-2016 13:27) Posted:
only sell from 0.15 & below also need to BUY ...
cut loss now before the px move higher !
jayarumah ( Date: 24-Aug-2016 13:04) Posted:
My data shows no short sell ....only sell : )
And A to B B to C C to ....A |
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only sell from 0.15 & below also need to BUY ...
cut loss now before the px move higher !
jayarumah ( Date: 24-Aug-2016 13:04) Posted:
My data shows no short sell ....only sell : )
And A to B B to C C to ....A ?
golden_SGX ( Date: 24-Aug-2016 13:03) Posted:
Shortist who short sell @ 0.155 & below will need to buy back later to push up the px to beyond 0.16 ....
 fainting 
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If like blumomt how ah ?
jayarumah ( Date: 24-Aug-2016 13:04) Posted:
My data shows no short sell ....only sell : )
And A to B B to C C to ....A ?
golden_SGX ( Date: 24-Aug-2016 13:03) Posted:
Shortist who short sell @ 0.155 & below will need to buy back later to push up the px to beyond 0.16 ....
fainting
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My data shows no short sell ....only sell : )
And A to B B to C C to ....A ?
golden_SGX ( Date: 24-Aug-2016 13:03) Posted:
Shortist who short sell @ 0.155 & below will need to buy back later to push up the px to beyond 0.16 ....
fainting
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