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1-16 of 16
AI theme in Sgx is going very strong.
watching this micro penny for life since they are no associated with utilising AI for learning.
watching this micro penny for life since they are no associated with utilising AI for learning.
who so kanchiong buy this at 0.008 this morning ... something good coming ?
Alot sell lost flooding to traders and team
No guts to hold over this week ending
Big correction anytime
I'm empty bloom cleaning 🧹
Rights issue 2.52x Over-Subscribed :)
I am color blind..
Right. Perhaps looking back sometime from now, you may realize why. Or perhaps never will.
Some people will see black as black and white as white while a rare breed see will see everything as black.
I shall leave it as that.
Some people will see black as black and white as white while a rare breed see will see everything as black.
I shall leave it as that.
Zeliazelia ( Date: 24-Sep-2024 20:48) Posted:
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IF.....then no poor pple in the planet
The word is.......
IF.....
So many cannons here and day dreamers....all saying good things abt stocks. U know why???
Cos they are holding on to these stocks. Go and look at Youtube. Many self proclaimed guru saying things about stock. Such as Tesla. Two sides. One side will say all the nice things....the other side will say all the nasty things abt Tesla....
An example.....when it goes their way they will say u see.....when not their way they will keep quiet and hide in their shells.....
No substance......all tok....I also know how to tok.....till the end of time...
What he is saying is that if you had bought the rights @ $0.006 and add another $0.004 to subscribe your effective cost is $0.01 vs the last done price of $0.013. Got some buffer lah. If the mother share goes the way of Shanaya and Livingstone, then you will probably have a 100% or more return.
Don' t discount off all these penny stocks. The tide is now in favor of the small cap plays as they have been left for dead for too long.
Buy it cheap and your risks is lower.
Don' t wait till it ran up 100% or more like Shanaya and Livingstone then chase.
A lot more pennies waiting to be picked :)
Never hear of the famous saying : " Not now then when? "
Don' t discount off all these penny stocks. The tide is now in favor of the small cap plays as they have been left for dead for too long.
Buy it cheap and your risks is lower.
Don' t wait till it ran up 100% or more like Shanaya and Livingstone then chase.
A lot more pennies waiting to be picked :)
Never hear of the famous saying : " Not now then when? "
Zeliazelia ( Date: 24-Sep-2024 20:26) Posted:
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Sure make profit? Another cannon.
If don't make how?? Look for u?
Air talk....I also air talk...make 10 folds
Right selling at 0.004 sure make profit one...
SmallSmall ( Date: 24-Sep-2024 17:48) Posted:
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Current price is $0.019.
The theoretical ex price on Monday should be $0.0115
Given that the market is pretty hot with the pennies, the actual adjustment may be lesser than the theoretical ex price
The theoretical ex price on Monday should be $0.0115
Given that the market is pretty hot with the pennies, the actual adjustment may be lesser than the theoretical ex price
SmallSmall ( Date: 06-Sep-2024 12:00) Posted:
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Last day to buy cum rights 1 for 1 @ $0.004 :)
These few sessions got actions. 23 coming?
SGX-ST Listings Disciplinary Committee slaps public reprimand to Y Ventures Group for inaccurate 1HFY2018 results
The Singapore Exchange S68 0.1% Securities Trading Limited (SGX-ST) Listings Disciplinary Committee (LDC) has issued a public reprimand to Y Ventures Group 1F1 0.00% .
The group was said to have breached SGX&rsquo s Catalist rule 703(4)(a) by releasing its unaudited financial statements for the 1HFY2018 ended June 30, 2018. The results were said to have been inaccurate and non-factual with material errors and, or omissions.
The group also breached Catalist rule 703(1)(a) by failing to disclose that its half-year results were &ldquo false and misleading&rdquo . This fact, which was said to be known to the company, was important in order to avoid establishing a &ldquo false market&rdquo in the company&rsquo s securities.
Finally, the group breached Catalist rule 719(1) by &ldquo failing to have a robust and effective system of internal controls, addressing financial, operational and compliance risks&rdquo .
Y Ventures Group, on Aug 14, 2018, reported that the group made a profit of US$143,330 for the 1HFY2018. The group added that it expects to remain profitable for the FY2018 &ldquo barring any unforeseen circumstances&rdquo .
The board, in its statement for the 1HFY2018, confirmed that nothing was &ldquo false or misleading in any material aspect&rdquo .
On Nov 9, 2018, the group&rsquo s new chief financial officer (CFO), Joshua Huang Thien En, submitted the second draft of the group&rsquo s consolidation worksheet for the 9MFY2018, which reflected a revised loss of some US$1.73 million.
Huang then informed the group&rsquo s CEO on Nov 15, 2018, about the possible errors in the group&rsquo s original results for the 1HFY2018 based on the third draft of the consolidation worksheet for the 9MFY2018 ended Sept 30. The draft showed a revised loss of approximately US$2.08 million.
Around mid-November 2018, each of the members of the Board was made aware of the possible errors in the original 1HFY2018 results announcement.
After a series of discussions and meetings, a final draft of the restated 1HFY2018 numbers reflecting a loss of US$1.16 million was released on Jan 21, 2019. A profit warning was included in the revised report with the company now expecting to report a net loss for the FY2018.
Following the announcement, shares in Y Ventures fell progressively from 20 cents as at the close of Jan 21, 2019, to 12 cents on Jan 25, 2019, and further to 8 cents on Jan 30, 2019.
With this, the LDC has also issued a public reprimand to Y Ventures&rsquo former CFO Chin Ngai Sung for causing the company to breach Catalist rule 703(4)(a). In doing so, he was deemed to have breached Catalist rules 302(5) and 302(6).
As such, the LDC has asked Chin to provide the exchange with a signed written undertaking promising that he will not seek any directorship on the board of directors, or role as a key executive officer of listed issuers. He will not be allowed to do so for two years starting from Sept 22.
The board of directors who were involved at that time were also issued a public reprimand.
Low Yik Jin, the CEO and executive director of Y Ventures Low Yik Sen, the then-managing director Edward Tiong Yung Suh, the group&rsquo s lead independent director Wong Sok Mei, a former independent director Ng Tiong Gee, independent director and Twoon Wai Mun Benjamin, a former non-executive director breached Catalist rule 302(6) for causing the company to breach rules 703(1)(1) and 719(1).
I have lately been trying to understand Y Ventures esp after its run-up over the past couple of months and was met with loads of questions. In my view, a very questionable company... above the fact that it has key-customer and supplier risks. Here are some of the issues below:
- Prides itself as a tech co with plenty of technological capabilities: Data analytics offering to help merchandisers make sales. BUT who is in-charge of the tech? Is the technology really tech-worthy?
- 1 co founder does logistics and waste management (ex-SAF) while other co founder does strategy/BD (peking MBA). Other guy shown in management is the CFO
- What is the value add Y has for sellers and online platforms?
- I understand that it helps sellers do product selection, forecasting, price optimization etc.
- What is the arrangement between Y and sellers like? By product or & hellip ? We know Y takes on inventory risk also, which means it buys at cost or profit share or& hellip ? What is preventing sellers from not using Y Ventures if products Y are selling on behalf of sellers are that sellable?
- Since it takes on inventory risk, does it do it for all the regions it operates in? It is in US/EU/APAC - Doesnt this mean alot of logistics/CapEx involved? ?
- What is the arrangement between Y and sellers like? By product or & hellip ? We know Y takes on inventory risk also, which means it buys at cost or profit share or& hellip ? What is preventing sellers from not using Y Ventures if products Y are selling on behalf of sellers are that sellable?
- What about online platforms.. what are the dynamics between Y and them like?
- What is stopping Amazon from selling similar items that are popular already?
- How about the EZ buy case of TAOBAO?
- In partnership with SingPost AORA: focus is on cross border purchases on behalf of consumers in Asia.. Sounds like EZ buy? Taobao banned EZbuy accounts
- I understand that it helps sellers do product selection, forecasting, price optimization etc.
- Valuation: approaching 10x PS
- Too high? Amazon (4.3x, Last 5Y @ 2.5x) Industry is 3.2x