Not only did YNH get a qualified audited report, but now also Rapid Synergy. Both companies can not get a valid audit for one reason or another. The YU brothers seem to have forgotten how to run public companies after all these years.
Seems those news reports above about them are proving to be true.
@icecool bottom? every stock can goes below NTA down to the net cash value of the company, provided the company doesn't have tendency for further losses
just watched goldfinger yesterday btw, but has been well understand the theory behind since long ago just now scrolled fb saw someone posted about this counter only come here to see how's thing going on
owner(s) siok2 offload stocks that might not even worth Rm1 from RM22 to near RM30, really real life goldfinger Ching, what a real life case study here
I personally know this yu’s family. All the person being controlled by them. Literally account, auditor, employee, project, shadow directors, NED, Shell companies, nominee directors, shareholder, operator pushing the share price etc…
Some even lost a large part of their original capital. Thus on the next occassion when you happen to find yourselves at this type of a ball, try to leave early. The problem is that once one is caught up in the fun and games of the party, one is apt to lose touch with reality. Chances are that believers of the Greater Fool Theory will hang on to the bitter end, only to be slaughtered. It is better to miss a few dances or a few glasses of champagne than lose one's life.
The characteristic of past bear markets like the Tulip Mania, The South Sea Bubble, The Great Depression of 1930s in USA, the Stock Market Rout of Asian Finacial Crisis in 1997/8 and The Lehman Brothers' Debacle of 2007/8 have witnessed many stocks & index crashing up to 90% or more.
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....
LongTermInvestor8
189 posts
Posted by LongTermInvestor8 > 2022-11-07 20:35 | Report Abuse
can someone verify this news? Fake news or rumors? Thanks.
"Yu Syndicate Directors swindle RM800 million from Rapid Synergy"
https://freesuntimes.com/yu-syndicate-directors-swindle-rm800-million-from-rapid-synergy/