fatty liew and team sapu what is left inside the counter already.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3439807
I got a question on their financial report as of 2023, there is a "administrative expenses" of 150 million, the market cap of this company is only 50 million? There is nobody question how can you spend 150 million on your admistrative expenses?
Going up from 24 million from previous year to 150 million, something is not right!
Where the money goes?

the company don't even have proper business, what kind of sales and profitability you are talking about? all fake invoices lol

company already milked dry by the wolves, time to resign

what happen if didnt sell?

Fatty Liew took money out from company already. Will left an empty shell just like Ageson, history will repeat itself from same crooks.

the list is full of hocus pocus deals, best is find those ex finance staff to interview them one by one.

Already warned you guys this is a CONMAN counter, same boss same company ARBB, ANNUM, AGES, all same same, from China to Malaysia and will be running to other country as his next stop to repeat the same thing.
For those who think "the stock is low enough, good time to pick up", good luck to you, it will only go lower. The cash already been siphoned out gradually and what is left will be just an empty shell. BURSA not taking action, God will punish the culprit behind, just the matter of time.

Already warned you guys this is a CONMAN counter, same boss same company ARBB, ANNUM, AGES, all same same, from China to Malaysia and will be running to other country as his next stop to repeat the same thing.
For those who think "the stock is low enough, good time to pick up", good luck to you, it will only go lower. The cash already been siphoned out gradually and what is left will be just an empty shell. BURSA not taking action, God will punish the culprit behind, just the matter of time.

Already warned you guys this is a CONMAN counter, same boss same company ARBB, ANNUM, AGES, all same same, from China to Malaysia and will be running to other country as his next stop to repeat the same thing.
For those who think "the stock is low enough, good time to pick up", good luck to you, it will only go lower. The cash already been siphoned out gradually and what is left will be just an empty shell. BURSA not taking action, God will punish the culprit behind, just the matter of time.

Already warned you guys this is a CONMAN counter, same boss same company ARBB, ANNUM, AGES, all same same, from China to Malaysia and will be running to other country as his next stop to repeat the same thing.
For those who think "the stock is low enough, good time to pick up", good luck to you, it will only go lower. The cash already been siphoned out gradually and what is left will be just an empty shell. BURSA not taking action, God will punish the culprit behind, just the matter of time.

Borrow the words from someone in forum:

Peter Lynch said never buy a stock if you cannot understand its earnings

If you cannot write out in once sentence with a chalk how it makes it monies then you should not buy it

Always buy stocks which you can understand its business how it generates its income

Please advise, or point out their so called business that earn millions? If is so good? How come nobody in IT line heard about it?

Virdos Lima Consultancy? What kind of company is this? Sorry I never heard before.

What is your basis when you say it is "worth to buy"? Does the company have any proper project? Proper software or solution which is well sought after in the market? or it is purely hoax? Based on MOU announcement?

NASDAQ share mostly very expensive? Means u have no idea how NASDAQ run, their price of 1.50 means 1.50 USD , not 1500 USD. Don't expect too high on such offering, based on track record, ARB not so generous, top management will suck the money out of the company. If not, why keep on changing auditors and even their CFO? You didn't smell anything fishy? First Ageson, then Annum, one by one you can see their faith, all being sucked until dry.

Wow what happen to YTL today?

A company that truly make real profit will be paying you real dividend in cash, not giving you useless shares that is manipulated by the 'dealer' behind. Go and watch "The Gold Finger" can learn a thing or two from the movie.

Fatty Liew using this exercise to dump his shares to the market and take this opportunity to cash out? NASDAQ shares more valuable? The whole exercise just giving out useless paper shares which cost zero for Fatty Liew to print,shares exchange shares? ARBIOT stock will go back to less than USD1. I wonder if the company still got any cash left or fully plundered by conmen through fake projects, investments, MOUs?

This counter still got hope or not?

Since our BURSA is not doing anything about conmen abusing the stock exchange to con shareholders' money, we hope that NASDAQ side can do something about it!

Unfortunately, most people in the market know that fatty Liew is not a generous and genuine person. If he is, all the counters he touched won't be at this situation. Have you forget to check how much ARBIOT is trading in NASDAQ? From 4 dollars?

Karma will hit back these conmen for sure, is just the matter of time. In the meantime, law enforcer probably can start investigating this company perhaps by talk to the ex finance managers or staff that left the company, see if there is any misdeed done by the MD or top management, which we strongly believe there is.

Looks like another conman counter? Go listed then milk the company dry?

Fake account cannot last long, fake profit no longer sustainable, Fatty Liew is milking the company dry, good luck for the investors.

0.03 like Ageson? Lol!

stop talking cock please, dont mislead others. Just 1 day ago you said:
CEILING PRICE ......0.415

FLOOR PRICE............. 0.10

Seems investors no longer trust fatty liew based on his track record, anyone with no shame, no credibilty and no integrity will not walk far. I see there is no point we put our hard earn money into this counter to enrich the irresponsible management.

Becareful with this conman counter! News of searching for new Auditors doesn't look good, Malaysia got so many auditor firms why is it so hard to find a one? Unless you want to get someone so sign off your dubious accounts and report. Investors be cautious!

So what is the excuse this time? Audit firm do not agree with the audit fee? Or Auditor not enough man power? Auditor on long vacation or sick leave? Or Audit firm caught fire?

No real profit how to give you dividend? LOL

ARBIOT NASDAQ less than 6 months dropped 50%, from 4 to 1.78 today, proved that Fatty Liew just want to make quick money, not into long term business. Website did not show any real software demo of the product, what a joke!

So little only? someone predicted it will hit 2.30 back in April. LOL!

support PH +1

conman company always look for auditors that have 'resource constraint' and 'audit free disagreement'
The Board of Directors of Annum (“Board”) wishes to announce that the Company has on 4 August 2023 received a notice in writing pursuant to Section 281(1) of the Companies Act 2016 (“the Act”) dated 3 August 2023 ("Notice") from Messrs. PCCO PLT (“PCCO”) on their resignation as Auditors of the Company. Pursuant to Section 281(2) of the Act, PCCO term of office will end after 21 days from the date of the Notice.



The Board wishes to inform that the resignation of PCCO was on a voluntary basis, due to their limitation of resources and the Board is not aware of any matter that need to be brought to the attention of the shareholders of the Company.



Further announcement will be made by the Company on the appointment of new Auditors in due course.



This announcement is dated 4 August 2023.

The Board of Directors of Annum (“Board”) wishes to announce that the Company has on 4 August 2023 received a notice in writing pursuant to Section 281(1) of the Companies Act 2016 (“the Act”) dated 3 August 2023 ("Notice") from Messrs. PCCO PLT (“PCCO”) on their resignation as Auditors of the Company. Pursuant to Section 281(2) of the Act, PCCO term of office will end after 21 days from the date of the Notice.



The Board wishes to inform that the resignation of PCCO was on a voluntary basis, due to their limitation of resources and the Board is not aware of any matter that need to be brought to the attention of the shareholders of the Company.



Further announcement will be made by the Company on the appointment of new Auditors in due course.



This announcement is dated 4 August 2023.

next year have 300k pay raise or bonus to settle the fine?

Wait and hold, Nasdaq ARBB will drop below 2. You know I know. Funny that they dont even bother to put some effort to buy some old account to make comments. Just create a brand new dummy account like 'foojjpoo' to write positive things about this conman company.
BURSA really need to do something to win back investors' confident instead of letting this sort of companies exist in our share trading market.

Too bad even ARBIOT nasdaq heading south too, from 4 to 2.85, a boss that only aim for short term quick money wont't work, bad reputation takes time to repair.

potboy financial performance not very good, have to rely on fatty liew. Too many cry wolf MOUs, local investors won't buy their story anymore, now only can con investors from USA.

@BursaVulture, you can't wake someone which is pretending to be asleep like MarcusBioTech. Fatty Liew is not that kind of person that wanted to build the business, he just want to make quick money from share market and from shareholders, period.

what is 300k fine when these directors draw fat paychecks by using shareholder's money?

Is this another conman company? When auditors resign like that, it doesn't look good.

Hahah, this Marcus is a joker, I hope he knows the difference between RM100m and RM100, in Malaysia it is not that easy to have a RM100m revenue, like what BursaVulture mentioned, if a company don't have or can't even afford a proper website, how to help ARBB create RM100m revenue? This guy gave his 2 cents about ARBB Counter
https://www.youtube.com/watch?v=vtxyrTU6KiA

Since Marcus love to use theedge as reference let me pull out some news about another news related to fatty liew

BEFORE:
https://theedgemalaysia.com/article/ageson-kobena-eye-rm23b-annual-revenue-smart-vending-machine-venture

AFTER:
https://theedgemalaysia.com/node/666805

Please check again, may be MOU with BFI already called off without you knowing it. Perhaps you can call those guys from Eurogain on news link that you shared to verify if the collaboration still on going? LOL!

Since Marcus want to talk about Fact, let's talk about fact:
1. Based on your Fact 01, you buy a house but the house got gold bars, what if those gold bars are just gilded bricks to CON you? The financial report is so questionable and I really doubt the professionalism of the auditors, if this ARBB company goes down, the auditors should bear certain responsibility!
You still have not answer my questions if you can name a few companies that using ARB super duper ERP software which provides the company a revenue of 150-300 million? I bet a lot of professionals from IT line never heard of it.

2. I am also the shareholder of this company, just that I have doubt on the person that runs the company, which I heard a lot of negative news about the MDs, now it is too late for me to exit as the share prices are worthless! Good luck to you if you still want to pursue on this stock, it makes me wonder if you are being paid to entice other innocent investors to buy this share. Lol

AGES already going down, will ARBB be the next? Dubious account will not last long in front of broad day light? When shit hits the fan, I think authority should take action on auditors too! Bring back the confidence of Malaysia share market.

So when the authority is going to investigate Larry Liew Kok Leong and his dubious accounting practice in ARBB and Annum? Will these two companies doing to be next? Cheating investors will bring you bad karma!

Company being milked dry by Fatty Liew, which one is next? ARBB or Annum? For shareholder's interest, I hope SC can do something about it to stop all these conman ED!

Annum also belongs to him, all the boards are his own people, those who ask too much already forced to resigned.

"ARBB offers the SAP solutions at affordable price about 70% less in pricing compared to SAP Holdings in South Asian countries with proven profitability since 2019."
Seriously MarcusBiotech, how much ARB pays you to write nonsense? Can you name a few clients that are using ARB ERP software?

The management seems not serious in doing business with this company? Why share price performed like that?