MFRS allows accrued accounting. Result is we get Serba Dinamik and Transmile.
All these monkey shows rooted from classification of trade receivables/payable. Fatty Liew go buy his cronies beer also can put as trade receivables. In the book, it says NoEmo owes him money. 6 quarters later, it will written off as bad debt. In between, we have neonstrife cheering "woohooo, increase trade receivables! net trade receivables > net payable".
U go see what happen to SD and SCIB. Same trick. What makes this trick a double whammy to investors. The beer that Fatty Liew paid has already expensed in cash flow statement and it's gone. But the money in trade receivables dunno when can collect. When it's written off, it's gone too. =D
I think you are wearing your "bullsh*t" cap. The one that says out of 10 times. 9 times loses money don't tell anyone. 1 time make money, riuh sekampung.
With "bullsh*t" cap, say what also can one. That's why we stick to stuff that we can verify like financial statements. Not to say financial statement can't be "bullsh*t"; Fatty Liew got balls to put the beer he buys for NoEmo in investing cash, technically it's not wrong. It's just at least we have a good laugh.
If you are on your "thinking" cap. You would have known in equity market, most of the time is zero sum game. If a company isn't doing "honest' business to grow the company, for Fatty Liew to make money, someone else has to lose money. Fatty Liew is in control YOU ARE NOT.
Just incase you believe, go ask those entered above 30sen. If indeed true that you have that 1 time make money like I did. We are just lucky. It's not opportunity but just purely lucky.
---------------------------------- NoEmo RJ, put on your thinking cap if u r not an opportunist in equity investment. Tell me how many types of investors u know of in the equity investment world. Only long term investor? 28/01/2022 11:19 AM
Arduino projects are scalable. So literally what arbb is doing is quiet similar. Now .... the public will understand why the “handsome” boss asked for money. I know some will say handsome Tahi kucing! Don’t la... pity him la Wei...
I’m imagining ur face when u open up ARBB iot box and see all the same stuff inside. And u paid RM275k for it.
Just because it’s a plastic box doesn’t mean fatty Liew won’t make u pay for it.
I’m here asking why are u guys paying for it. ________________ bosskufanboy RJ87, you comparing a small plastic box project cost with greenhouse cost?? 28/01/2022 2:32 PM
Bosskufanboy, I know u won’t understand. Check out the comment given by RJ87. Keep your money. Don’t buy a counter that has dropped 70% in value. Please note: dropped even before RI.
Stockcode, don’t assume. Do u know what happened to the stock when they announced great profit? The substantial shareholders rushed to sell their shares. Immediately drop 30%. Then drop again 15%.
The public knows about the story. They know 275k for ardunio like project is going to be expensive. They know the counter started dropping significantly- around 30% to 40% even before RI. The public also knows that the counter dropped even when they announced good profit.
Neonstrife, as we grow old we can’t work as hard. Assuming arbb is the next Google or Alibaba. I think alibaba is a better example to make u understand. Ok, assuming arbb is the next alibaba. But the price keeps on going down, even before RI, and when it announces profit, substantial shareholders rush to sell, what should u do?
a) buy some more and wait for another 3 years, having waited for 3 years. b) sell and forget it c) laugh at other who lost money d) throw smelly chicken egg on the boss head
Who knows I one day go work for Fatty Liew, actually develop something with RM27.5K instead of RM275K and sell it for RM275K. When it goes up to RM1, u still think it's good karma?
Don't be so sure. All u can do is lay down what you believe it's true.
What I hv expressed here is solely my opinion based on my findings. You may or may not disagree.
I talk like as if it's a scam. U talk like u r so sure it's a scam. Things can change. Who knows bossfanku will join u one day.
Really brother, you misunderstood karma. Everyone is responsible of their own karma. if they screw up, it's not urs to bear. Buddha will understand. Beside, only way to learn is by getting burned.
TO DIE AND RISE AGAIN! There's wisdom in that statement. --------------------------------------------------------- line RJ87 it’s my duty .... when u are of my age, u will realise what is to do as much good karmas as possible 31/01/2022 11:06 AM
RJ87, the Boss did a mistake this time. He wanted to con But he got conned.... hehe... subscription barely 10% I think.... never mind he got money. He can Buy at expensive price n sell at cheaper price
con-lan-7-firm not same. U can check comment history.
I nvr do st*pid like trying to save people. I just make fun of st*pid people doing weird st*pid decision only.
When relatives talk boring sh*t, mar come drop few comments lo. ---------------------------------------------------------------------------- neonstrife Most probably this two account is same people 01/02/2022 12:45 PM
It worked very well first time. Cos there were more st*pid people. That time I can only say MoU are fake. ARBB got no resource to deliver project that scale. But ofcos, many years later. All being cancelled. They made one round of money already with their corporate exercise with that bunch of fake mou. Ofcos they don't call it fake. They call it mutually cancelled. But a bunch s*hai subscribed.
This time same move. Different project name only. Last time was "Project MOUsssss", this time "project HIDROPHONY". Why Hidro-phony? Hidro is because its year of water tiger. Phony is scam job.
Nvm, I excited to see how many kena subscribe. If lucrative enough, I might run a scam myself. After all, there are so many people that like to burn cash. Might as well put into my pocket.
------------------------------------------------------ line RJ87, the Boss did a mistake this time. He wanted to con But he got conned.... hehe... subscription barely 10% I think.... never mind he got money. He can Buy at expensive price n sell at cheaper price 01/02/2022 9:52 PM
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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....
RJ87
5,139 posts
Posted by RJ87 > 2022-01-28 11:26 | Report Abuse
MFRS allows accrued accounting. Result is we get Serba Dinamik and Transmile.
All these monkey shows rooted from classification of trade receivables/payable. Fatty Liew go buy his cronies beer also can put as trade receivables. In the book, it says NoEmo owes him money. 6 quarters later, it will written off as bad debt. In between, we have neonstrife cheering "woohooo, increase trade receivables! net trade receivables > net payable".
U go see what happen to SD and SCIB. Same trick. What makes this trick a double whammy to investors. The beer that Fatty Liew paid has already expensed in cash flow statement and it's gone. But the money in trade receivables dunno when can collect. When it's written off, it's gone too. =D