"How to predict in advance that a company is hiding a fraud?"
Simple! Mostly are owned by bumiputra and main holders are GLC/GLiCs. Frequent bailouts and delayed financial reports. Massive propaganda about upcoming projects only to dissipate in thin air after few months. Just like a dog trying to chase it's tail, explanations to shareholder's question are wishy washy and circular.
The Singapore High Court Thursday convicted Malaysian businessman and woman, John Soh Chee wen and Quah Su-Ling for market manipulation and cheating offences that led to the 2013 penny-stock crash.8 May 2022
Singapore High Court convicts two for $6B penny-stock ...https://www.jurist.org › news › 2022/05 › singapore-high... About featured snippets • Feedback
Soh Chee Wen & The Manipulation Of Penny Stocks in ...www.theedgemarkets.com' target='_blank'>https://www.theedgemarkets.com › article › soh-chee-w... 17 May 2022 — Soh Chee Wen & The Manipulation Of Penny Stocks in Singapore: Singapore court finds John Soh and partner guilty of share price manipulation.
Soh Chee Wen & The Manipulation Of ... - The Edge Marketswww.theedgemarkets.com' target='_blank'>https://www.theedgemarkets.com › article › soh-chee-w... 17 May 2022 — Soh Chee Wen & The Manipulation Of Penny Stocks in Singapore: A life of politics and corporate shenanigans · Subscribe to Mid-day email alert.
Directors sedang mencuri duit pemegang syer minoriti bayar 3sen++ per syer, right issue subscribers bayar 15sen tahun lepas
SAUDEE] ESOS on 14-Nov-2022 Stock [SAUDEE]: SAUDEE GROUP BERHAD Announcement Date 14-Nov-2022 Listing Date 15-Nov-2022 New Type/Class? No Type ESOS Details Exercise of SIS No. of shared issued 148,736,000 Issue Price MYR 0.037 Par Value 0.000 Total NOSH 1,140,580,319
lantikan politik dah berakhir... kerajaan baru ph akan dakwa dan penjarakan mereka macam soh chee wen di singapura. sabar ya!
@JJPTR
How to predict in advance that a company is hiding a fraud? 1. The company change its external auditor very often. 2. The company change its financial years often to delay issue annual report 3. The company accountant/financial controller come and go like hotel guests. 4. The company ACCOUNT RECEIVABLE is 2 times higher than account payable. Money stuck or goods sold to cronies. 5. The company keep printing billions of shares to suck cash from shareholders. 6. The company seems to go to court often to "sue" a third party for not paying the debts. The 3rd part may also be the cronies actually 7. The company has almost zero revenue but still seems to survive. 8. The company seems to take huge bank loan, or 2 years later issue huge right shares "for working capital and pay bank borrowing". 9. ‘Meteoric’ rise in both revenue and profits DESPITE industry outlook, are also red flags. Say industry average growth is 5%, but this guy shows 50% growth, not one year, but last 3 years, very fishy. 10.The company only sells its product to one customer. Obviously it is easier to be in cohhort with one party instead of many parties. Goods sold become huge bad debts 11. The company buys few FERARI for its directors...Megan Media... 12. The company cash flow and profit imbalance. If its getting wider year by year, avoid. 13. The company reports FAKE revenue of billions,fake growth......to sell their bonds 14. Tyco International USA. CEO and CFO siphon off $150m USD via loans to directors. Beware of some listed NON-FINANCIAL company also having money lending license. EKRAN Ting Pek King, took 700m fromEkran via the company money lending license. $700m was never paid back. 15. NETX ,ACE counter, is holding money lending licence
Dilute existing shareholders to the max plus cheap shares to directors via sis ... Hancurkan para pemegang suer minoriti hahaha
Circular/Notice to Shareholders SAUDEE GROUP BERHAD
Subject CIRCULAR TO SHAREHOLDERS IN RELATION TO THE (I) PROPOSED PRIVATE PLACEMENT OF UP TO 347,000,000 NEW ORDINARY SHARES IN SAUDEE, REPRESENTING APPROXIMATELY 35% OF THE TOTAL NUMBER OF ISSUED SHARES OF SAUDEE TO INDEPENDENT THIRD-PARTY INVESTORS TO BE IDENTIFIED AT A LATER DATE; (II) PROPOSED ESTABLISHMENT OF A SHARE ISSUANCE SCHEME OF UP TO 15% OF THE TOTAL NUMBER OF ISSUED SHARES OF SAUDEE (EXCLUDING TREASURY SHARES, IF ANY) TO THE ELIGIBLE DIRECTORS AND ELIGIBLE EMPLOYEES OF SAUDEE AND ITS SUBSIDIARIES; AND (III) PROPOSED ALLOCATION OF SIS OPTIONS PURSUANT TO THE SHARE ISSUANCE SCHEME ABOVE TO THE DIRECTORS OF THE COMPANY
Please refer attachment below.
Attachments Saudee Group - Circular.pdf 1.4 MB
Announcement Info Company Name SAUDEE GROUP BERHAD Stock Name SAUDEE Date Announced 11 Oct 2022 Category Document Submission Reference Number DCS-07102022-00018
[14]. PWC (2018). Global Economic Crime Survey 2018. Retrieved from [15]. Selim, M.A., Yousef, H.P. & Hagag, M. (2019). Risk allocation for infrastructure projects by PPPs-under environmental management and risk assessment mechanisms’, International Journal Risk Assessment and Management, 22(1), 89 – 108. [16]. Shan, M., Chan, A. P. C., Le, Y., Xia, B., & Hu, Y. (2015). Measuring Corruption in Public Construction Projects in China. Journal of Professional Issues in Engineering Education and Practice, 141(4). [17]. Siddique, N.A. (2011). Approaces to fighting corruption and managing integrity in Malaysia: A Critical perspective. Journal of Administrative Science, 8(1), 47-74. [18]. U4 Anti Corruption Resource Centre (2015). The basic of corruption risk managmenet: A framework for decision making and integration into the project cycles. U4, 18. [19]. Yusoff, A.Y., Murniati, S. & Gryzelius, J. (2013). Combatting Corruption: Understanding Anti-Corruption Initiative in Malaysia. Kuala Lumpur: Institute for Democracy and Economic Affairs, [20]. Zou, X.W.P. (2006). Strategies for Minimizing Corruption in the Construction Industry in China. Journal of Construction in Developing Countries, 11(2), 15-29.
For newbie: Don't only look at the current latest quarter result, despite there was 1.6M profit But don't forget the previous quarter of 7M+ loss And there were still big losses in those previous YEARSSSS Think b4 jump to the "hell"
Modus operandi of many loss making penny stocks 1. Directors fail in generating business profit 2. Show multi year losses, multi quarter losses 3. Directors repeatedly do fund raising via shares issuance to PP, ESOS and asset acquisition 4. Directors utilise most of the fund raised 5. When NOSH reach unmanageable Billions of shares, directors do shares consolidation, follow by fund raising via rights issue 6. Repeat step 1 to 5
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
BenjaminSS14
74 posts
Posted by BenjaminSS14 > 2022-10-24 21:18 | Report Abuse
Hey folks. Don't forget to attend the upcoming EGM & vote in against the new proposed private placement.