thanks 1994 investors initially i was attracted to the company after reading several promotion blog writings, but after reading latest annual report n have some analysis, yes, some of the projects awarded to the company are RPT, the value seem inflated.... am uneasy with the co revenue and cash flow... be careful guys, do own due diligence before investing..
Since last year they started to promote ARBB almost every other week with fantastic project earnings potential etc. All their so called IoT (and obscure) contracts are overpriced and it would take a fool really to swallow such wonderful future potential of such contracts. From the outset the over-promotion of ARBB already looks suspicious.
Good write-up. I am very much in ICPS investment. I would likes to add to your "conversion ratio of 1:1"; there are 2 methods of conversion. It is rather confusing as 1:1 conversion applied with additional cash. Unlikely, with the current ICPS pricing, the second method of conversion with more than 1 ICPS without additional cash is practical. Whoever has invested at 1sen ICPS has nothing to worry. Happy Trading
Kudos to The1994Investor. This is the type of quality report/analysis that we should all appreciate. Despite me having small number of shares in ARBB to test test the water....hehe.....but I fully appreciate your article. Pls keep up your good work. TQVM
Looks like another dying horse like AT, Talamt......
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Posted by YLR33 > 2021-05-14 07:36 | Report Abuse
thanks 1994 investors
initially i was attracted to the company after reading several promotion blog writings, but after reading latest annual report n have some analysis, yes, some of the projects awarded to the company are RPT, the value seem inflated....
am uneasy with the co revenue and cash flow...
be careful guys, do own due diligence before investing..