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S-chips like rubbish and shit now!

Adult and yellow orientated closely related to SGX's capital market mechanism, true and full immaginative story posting indeed! I suppose.

medivh      ( Date: 13-Jun-2011 13:01) Posted: < Jokingly> This is the best and most enlightening.... warrenbegger      ( Date: 29-Mar-2011 09:32) Posted: Base on my expertise and professional in chosing stock, i look into this value, Astromancy, Taromancy, Runecasting, Numerology, Geomancy, Face Reading, I-Ching divination and  Feng shui position. Green dragon must play 69 with white tiger in line of solar eclipse, and early ejection in trend must be  red bull  playing 69 with care bear too. With shooting star aiming at the position u shit(toilet),  prepare some KY jelly, toys  and  unload gun when  organism bullish.

 

< Jokingly> This is the best and most enlightening....

warrenbegger      ( Date: 29-Mar-2011 09:32) Posted: Base on my expertise and professional in chosing stock, i look into this value, Astromancy, Taromancy, Runecasting, Numerology, Geomancy, Face Reading, I-Ching divination and  Feng shui position. Green dragon must play 69 with white tiger in line of solar eclipse, and early ejection in trend must be  red bull  playing 69 with care bear too. With shooting star aiming at the position u shit(toilet),  prepare some KY jelly, toys  and  unload gun when  organism bullish.

 

If only SGX will take your suggestions. Anyway, capital market mechanism has totally changed since global financial tsunami recently in 2008!

AnthonyTan      ( Date: 13-Jun-2011 12:11) Posted: Previously a co. must have 3 preceeding yrs of making profit before it is allow to be listed. THE SGX SHOULD NOW MAKE IT COMPULSORY AGAIN. Pl. do not allow any tom dick or harry seeking funds from public to be listed.THE SGX SHOULD BE MORE STRINGENT IN THEIR LISTING REQUIREMENTS. One or two failure S-chip co. is acceptable but not so many of them. Why the coincidence.   So much so that the a/c and balance sheets look ok, the cash could be in some ppl personal bank  a/c lor.   Laulan      ( Date: 13-Jun-2011 11:30) Posted: I think again, and reason that if S-Chips are that bad, why have them approved for listing in the first place.   And why slap themselves in the face and exposing their lack of foresight, expertise or lack of good bourses governance.   It goes to show that authorities in the relevant exchanges are either sleeping or they could be they are in cahoots with dishonourable elements of the markets.   Don't tell me that they can't differentiate between a good set of accounts and a lying account?   Something is wrong somewhere, where is the due diligence, the responsibility to the investing public? But anyway, it is not too late now to tackle the S-Chip problems properly.   The law must be passed that all directors are personally liable for all deeds of their listed company's transaction and can be sued as a person in relation to their companies and not just the company being sued as a legal entity that they enjoy.   Company laws must be change for list companies (public companies, especially the listed ones). In addition, the accountants and auditors (whistler blowers) must both have certain liabilities over the affairs of the companies they are accounting or auditing because they are paid to do the job. So before and after listing, they should be accountable like the architects who are accountable for the collapse of a building due to structural faults found in later years.   If there are such a protective framework in place, I think the market place will be a safer one.

 

Poor comments.

Someone in denial of things.

Hulumas      ( Date: 13-Jun-2011 11:40) Posted: Good comments, I strongly, totally agree with you! Thank you for the constructive posting! Laulan      ( Date: 13-Jun-2011 11:30) Posted: I think again, and reason that if S-Chips are that bad, why have them approved for listing in the first place.   And why slap themselves in the face and exposing their lack of foresight, expertise or lack of good bourses governance.   It goes to show that authorities in the relevant exchanges are either sleeping or they could be they are in cahoots with dishonourable elements of the markets.   Don't tell me that they can't differentiate between a good set of accounts and a lying account?   Something is wrong somewhere, where is the due diligence, the responsibility to the investing public? But anyway, it is not too late now to tackle the S-Chip problems properly.   The law must be passed that all directors are personally liable for all deeds of their listed company's transaction and can be sued as a person in relation to their companies and not just the company being sued as a legal entity that they enjoy.   Company laws must be change for list companies (public companies, especially the listed ones). In addition, the accountants and auditors (whistler blowers) must both have certain liabilities over the affairs of the companies they are accounting or auditing because they are paid to do the job. So before and after listing, they should be accountable like the architects who are accountable for the collapse of a building due to structural faults found in later years.   If there are such a protective framework in place, I think the market place will be a safer one.

 

I think again, and reason that if S-Chips are that bad, why have them approved for listing in the first place.   And why slap themselves in the face and exposing their lack of foresight, expertise or lack of good bourses governance.   It goes to show that authorities in the relevant exchanges are either sleeping or they could be they are in cahoots with dishonourable elements of the markets.   Don't tell me that they can't differentiate between a good set of accounts and a lying account?   Something is wrong somewhere, where is the due diligence, the responsibility to the investing public? - WHO DARES ASK THESE QUESTIONS DIRECTLY AT SGX? Especially considering the no. of S-chips that have gone under... too many to be considered acceptable. And how come this has gone on for this long? Somebody has to be accountable for this. Please don't tell me that SGX authorities are oblivious to the " custom" & " business styles" of China companies...coz really, even taxi driver also knows! SO WHAT DOES THIS IMPLY? hahahahaa...


Hyflux price drop drastically due to Libya unrest.. SGX query. But accoounting irregularities can go masked.

Although more stringent measures must be taken where S-chips are concerned... but for many it is already too late, as they have lost too much to mention, despite those who have stop loss strategy, company halt, and open huge gap down... too late.

Laulan      ( Date: 13-Jun-2011 11:30) Posted: I think again, and reason that if S-Chips are that bad, why have them approved for listing in the first place.   And why slap themselves in the face and exposing their lack of foresight, expertise or lack of good bourses governance.   It goes to show that authorities in the relevant exchanges are either sleeping or they could be they are in cahoots with dishonourable elements of the markets.   Don't tell me that they can't differentiate between a good set of accounts and a lying account?   Something is wrong somewhere, where is the due diligence, the responsibility to the investing public? But anyway, it is not too late now to tackle the S-Chip problems properly.   The law must be passed that all directors are personally liable for all deeds of their listed company's transaction and can be sued as a person in relation to their companies and not just the company being sued as a legal entity that they enjoy.   Company laws must be change for list companies (public companies, especially the listed ones). In addition, the accountants and auditors (whistler blowers) must both have certain liabilities over the affairs of the companies they are accounting or auditing because they are paid to do the job. So before and after listing, they should be accountable like the architects who are accountable for the collapse of a building due to structural faults found in later years.   If there are such a protective framework in place, I think the market place will be a safer one.

 

Previously a co. must have 3 preceeding yrs of making profit

before it is allow to be listed. THE SGX SHOULD NOW MAKE IT

COMPULSORY AGAIN. Pl. do not allow any tom dick or harry seeking

funds from public to be listed.THE SGX SHOULD BE MORE

STRINGENT IN THEIR LISTING REQUIREMENTS. One or two

failure S-chip co. is acceptable but not so many of them. Why the coincidence.

  So much so that the a/c and balance sheets look ok, the cash could be in some

ppl personal bank  a/c lor.

 

Laulan      ( Date: 13-Jun-2011 11:30) Posted: I think again, and reason that if S-Chips are that bad, why have them approved for listing in the first place.   And why slap themselves in the face and exposing their lack of foresight, expertise or lack of good bourses governance.   It goes to show that authorities in the relevant exchanges are either sleeping or they could be they are in cahoots with dishonourable elements of the markets.   Don't tell me that they can't differentiate between a good set of accounts and a lying account?   Something is wrong somewhere, where is the due diligence, the responsibility to the investing public? But anyway, it is not too late now to tackle the S-Chip problems properly.   The law must be passed that all directors are personally liable for all deeds of their listed company's transaction and can be sued as a person in relation to their companies and not just the company being sued as a legal entity that they enjoy.   Company laws must be change for list companies (public companies, especially the listed ones). In addition, the accountants and auditors (whistler blowers) must both have certain liabilities over the affairs of the companies they are accounting or auditing because they are paid to do the job. So before and after listing, they should be accountable like the architects who are accountable for the collapse of a building due to structural faults found in later years.   If there are such a protective framework in place, I think the market place will be a safer one.

 

Good comments, I strongly, totally agree with you! Thank you for the constructive posting!

Laulan      ( Date: 13-Jun-2011 11:30) Posted: I think again, and reason that if S-Chips are that bad, why have them approved for listing in the first place.   And why slap themselves in the face and exposing their lack of foresight, expertise or lack of good bourses governance.   It goes to show that authorities in the relevant exchanges are either sleeping or they could be they are in cahoots with dishonourable elements of the markets.   Don't tell me that they can't differentiate between a good set of accounts and a lying account?   Something is wrong somewhere, where is the due diligence, the responsibility to the investing public? But anyway, it is not too late now to tackle the S-Chip problems properly.   The law must be passed that all directors are personally liable for all deeds of their listed company's transaction and can be sued as a person in relation to their companies and not just the company being sued as a legal entity that they enjoy.   Company laws must be change for list companies (public companies, especially the listed ones). In addition, the accountants and auditors (whistler blowers) must both have certain liabilities over the affairs of the companies they are accounting or auditing because they are paid to do the job. So before and after listing, they should be accountable like the architects who are accountable for the collapse of a building due to structural faults found in later years.   If there are such a protective framework in place, I think the market place will be a safer one.

 

The most scary one with huge cash in the statement report  with no direction of the funds.... In most case just numbers in papar and no numbers in bank !

Laulan      ( Date: 13-Jun-2011 11:30) Posted: I think again, and reason that if S-Chips are that bad, why have them approved for listing in the first place.   And why slap themselves in the face and exposing their lack of foresight, expertise or lack of good bourses governance.   It goes to show that authorities in the relevant exchanges are either sleeping or they could be they are in cahoots with dishonourable elements of the markets.   Don't tell me that they can't differentiate between a good set of accounts and a lying account?   Something is wrong somewhere, where is the due diligence, the responsibility to the investing public? But anyway, it is not too late now to tackle the S-Chip problems properly.   The law must be passed that all directors are personally liable for all deeds of their listed company's transaction and can be sued as a person in relation to their companies and not just the company being sued as a legal entity that they enjoy.   Company laws must be change for list companies (public companies, especially the listed ones). In addition, the accountants and auditors (whistler blowers) must both have certain liabilities over the affairs of the companies they are accounting or auditing because they are paid to do the job. So before and after listing, they should be accountable like the architects who are accountable for the collapse of a building due to structural faults found in later years.   If there are such a protective framework in place, I think the market place will be a safer one.

 

nvm Salute if you don't get my point..

You better answer to Huluma's BIG FONT question.. that user getting more emo day by day with all these negative feedbacks and comments from forummers about S-chips.

Salute      ( Date: 13-Jun-2011 11:12) Posted: this is different from what you said that " VIP" is the reason that made people not taking the things out. If there is a good lead, I will second it. look how the revolt for the subpressing treatment in the ME that influence the rest of the world and how the people in HK voice out the Lehman's matter and come to singapore. anything needs a strong lead. ...doesn't mean that people are fearful of one particular person. China's matter is pretty bad and is known internationally.......therefore it's ok what we have been " scolding" medivh      ( Date: 13-Jun-2011 09:24) Posted: Yes times have change.. people have changed.. What I mean is that since this is so,  why no one here is SG actually do the real action by bringing these companies to the law? Some years back .. S-chips already is in the system and already some have delisted due to these accouting discrepancies..and some have already  experienced,   but no one dared to do anything. even till now.. (last time..Ferror china, Zilong etc.. just recently ,, HW, HX, CGX) . still no one bothers anyway.. all sitting down to lick their wounds here, and just accepting the loss..   .. LOL

 

I think again, and reason that if S-Chips are that bad, why have them approved for listing in the first place.   And why slap themselves in the face and exposing their lack of foresight, expertise or lack of good bourses governance.   It goes to show that authorities in the relevant exchanges are either sleeping or they could be they are in cahoots with dishonourable elements of the markets.   Don't tell me that they can't differentiate between a good set of accounts and a lying account?   Something is wrong somewhere, where is the due diligence, the responsibility to the investing public?

But anyway, it is not too late now to tackle the S-Chip problems properly.   The law must be passed that all directors are personally liable for all deeds of their listed company's transaction and can be sued as a person in relation to their companies and not just the company being sued as a legal entity that they enjoy.   Company laws must be change for list companies (public companies, especially the listed ones). In addition, the accountants and auditors (whistler blowers) must both have certain liabilities over the affairs of the companies they are accounting or auditing because they are paid to do the job. So before and after listing, they should be accountable like the architects who are accountable for the collapse of a building due to structural faults found in later years.   If there are such a protective framework in place, I think the market place will be a safer one. 

 

Is China and USA on their unprecedented " ECONOMICAL COLD WAR" process, since last three years? Economic professional experts here, Please enlighten me!

Salute      ( Date: 13-Jun-2011 11:12) Posted: this is different from what you said that " VIP" is the reason that made people not taking the things out. If there is a good lead, I will second it. look how the revolt for the subpressing treatment in the ME that influence the rest of the world and how the people in HK voice out the Lehman's matter and come to singapore. anything needs a strong lead. ...doesn't mean that people are fearful of one particular person. China's matter is pretty bad and is known internationally.......therefore it's ok what we have been " scolding" medivh      ( Date: 13-Jun-2011 09:24) Posted: Yes times have change.. people have changed.. What I mean is that since this is so,  why no one here is SG actually do the real action by bringing these companies to the law? Some years back .. S-chips already is in the system and already some have delisted due to these accouting discrepancies..and some have already  experienced,   but no one dared to do anything. even till now.. (last time..Ferror china, Zilong etc.. just recently ,, HW, HX, CGX) . still no one bothers anyway.. all sitting down to lick their wounds here, and just accepting the loss..   .. LOL

 

Warrenbeggar's Font size is bigger.. i donno why but maybe for ah pek and ah ma's who cannot see properly..

baiya, whether its s-chip or s-cheat.. or watever name you want to call , lets not get too emo and get down to the real facts...

nowadays who dare to trust what they (china coy) say about their financial position being sound and have lots of money in the banks?

i'm just stating a fact.. who dares to go hong lim or raffles place and publicize aloud?

niuyear      ( Date: 13-Jun-2011 11:02) Posted: There is reason why people wants to say that. US also taking measures about the S-chips listed there.......  more to come... Hulumas      ( Date: 13-Jun-2011 10:40) Posted: Just small note. It is written " S-cheat" in your posting, that is not appropriate! Why can't we just write S-chip or S-chips

 

this is different from what you said that " VIP" is the reason that made people not taking the things out. If there is a good lead, I will second it.

look how the revolt for the subpressing treatment in the ME that influence the rest of the world

and how the people in HK voice out the Lehman's matter and come to singapore.

anything needs a strong lead. ...doesn't mean that people are fearful of one particular person.

China's matter is pretty bad and is known internationally.......therefore it's ok what we have been " scolding"

medivh      ( Date: 13-Jun-2011 09:24) Posted: Yes times have change.. people have changed.. What I mean is that since this is so,  why no one here is SG actually do the real action by bringing these companies to the law? Some years back .. S-chips already is in the system and already some have delisted due to these accouting discrepancies..and some have already  experienced,   but no one dared to do anything. even till now.. (last time..Ferror china, Zilong etc.. just recently ,, HW, HX, CGX) . still no one bothers anyway.. all sitting down to lick their wounds here, and just accepting the loss..   .. LOL. Salute      ( Date: 12-Jun-2011 23:52) Posted: time has changed, look at our election. People thought they would be ..... if they did....., but we are able to voice out. Even though it's the very VIP, we lost our money and we are not allowed to say this much. My god. never mind, if it can't be told here becuase of black and white. write to my inbox and if I am scared, I will curse them by heart not by black and white lah till I vomit blood from internal heart injury. Why must it always be the white to do these. Remember long ago, in the advertisement for secretary post, young age is mentioned till one day a caucasian expat's wife wrote in ST forum that due to this clause in the advt, her expertise in this field was rejected, then the next day onwards no such clause mentioned in the advt anymore. Its that effective. though this is small scale matter

 

He must be stuck with tones of S-Chips and just refuse to face the reality !

niuyear      ( Date: 13-Jun-2011 11:02) Posted: There is reason why people wants to say that. US also taking measures about the S-chips listed there.......  more to come... Hulumas      ( Date: 13-Jun-2011 10:40) Posted: Just small note. It is written " S-cheat" in your posting, that is not appropriate! Why can't we just write S-chip or S-chips

 

There is reason why people wants to say that.

US also taking measures about the S-chips listed there.......  more to come...

Hulumas      ( Date: 13-Jun-2011 10:40) Posted: Just small note. It is written " S-cheat" in your posting, that is not appropriate! Why can't we just write S-chip or S-chips? AnthonyTan      ( Date: 13-Jun-2011 10:31) Posted: As long as you do not slander anybody and express your personal view points should be safe , e.g. why I think this S-cheat stock is no good blah blah blah

 

Thanks.   Was richer by $6K, initially when it went down to 80 cts, book loss more than $4k, so theoretically had recovered 10K to the bank!   This is luck, lah.

des_khor      ( Date: 13-Jun-2011 10:43) Posted: Congrats to you ! Laulan      ( Date: 13-Jun-2011 10:40) Posted: When there is fear, there is opportunity, so I am also eating.   Last month I ate alot of Abterra below 90 cents, and sold them above $1.10 this month, when I told myself not to be greedy when there were so much profit to take. I felt blessed since after selling I found that the counter is facing some pressure as ACRA refused to grant an extension of time for the company to hold AGM to present accounts

 

Congrats to you !

Laulan      ( Date: 13-Jun-2011 10:40) Posted: When there is fear, there is opportunity, so I am also eating.   Last month I ate alot of Abterra below 90 cents, and sold them above $1.10 this month, when I told myself not to be greedy when there were so much profit to take. I felt blessed since after selling I found that the counter is facing some pressure as ACRA refused to grant an extension of time for the company to hold AGM to present accounts. des_khor      ( Date: 13-Jun-2011 10:33) Posted: Keep buying

 

Just small note. It is written " S-cheat" in your posting, that is not appropriate! Why can't we just write S-chip or S-chips?

AnthonyTan      ( Date: 13-Jun-2011 10:31) Posted: As long as you do not slander anybody and express your personal view points should be safe , e.g. why I think this S-cheat stock is no good blah blah blah. Laulan      ( Date: 13-Jun-2011 09:30) Posted: Just because there are a number of S-Chip cheats it does not mean that one should shun China companies.   There are hundreds of good ones, and these are really solid companies although in recent years many of them are undervalued owing to two factors. One is the dragged by really swindlers entering the corporate world via China listings, and the other has been the constant bad rumouring done by anti-Chinese elements who want to bring down the Chinese economy.   Really, there are many in the US envious of Chinese growth.   Some anti-Chinese westerners are colluding with rebel Tibetans to do damage to their own country. Whatever it is, when posting insidious remarks we should know we can be traced via our IP Address that our computer is assigned with to connect to the internet.   So don't anyhow say things that can disparage the reputation directly of one person or another.   This can create a liability to be sued.

 

When there is fear, there is opportunity, so I am also eating.   Last month I ate alot of Abterra below 90 cents, and sold them above $1.10 this month, when I told myself not to be greedy when there were so much profit to take. I felt blessed since after selling I found that the counter is facing some pressure as ACRA refused to grant an extension of time for the company to hold AGM to present accounts.

des_khor      ( Date: 13-Jun-2011 10:33) Posted: Keep buying ! Hulumas      ( Date: 13-Jun-2011 10:28) Posted: Since it is a very good opportunity to us, while  some GOOD FUNDAMENTAL FINANCIAL STATUS, PROMISING BUSINESS PROSPECT, SUSTAINABLE GROWTH S-chips on all severely undeserved prices level, hence, I am eating them as much as I can! CAVEAT EMPTOR

 

Keep buying !

Hulumas      ( Date: 13-Jun-2011 10:28) Posted: Since it is a very good opportunity to us, while  some GOOD FUNDAMENTAL FINANCIAL STATUS, PROMISING BUSINESS PROSPECT, SUSTAINABLE GROWTH S-chips on all severely undeserved prices level, hence, I am eating them as much as I can! CAVEAT EMPTOR. des_khor      ( Date: 13-Jun-2011 10:21) Posted: Are you still eating Taiwanese food stuffs for now or just avoid first for clearer picture ? This is very similar to our S-Chips situation now