Calling external auditors of loss making penny stocks
External auditors have a big role to play to ensure companies do not cheat shareholders by hiding potential red flags from the audit report.
If Serbadk can sue KPMG for trying to raise potential red flags then shareholders must also be able to sue auditors for trying to hide potential red flags.
You are rigth Mr whistlebower99. I bough many of these counters I lost a lot of money. They are all scams, not investment. Please new bees. DO NOT BUY THESE COUNTERS...IF YOU DO SO I GRANTEE YOU, YOU WILL LOSE YOUR MONEY.. ------------------------------------------------------------------ anzo AT Systematization bornoil compugt dgb eah eduspec green ocean fintech global focus kgroup kanger mlab nexgram phb pworth talamt tanco seacera m3 technologies saudee lambo netx mnc metronic global sanichi mtouche oversea enterprise pdz trive vsolar xdl xox tiger -------------------------------------------------------------
a very sad story on this counter over the government changed on 2018..!!...if u still have ..just hold it....( i not holding any at this moments..) did some analysis just now... logging start back on march21... jan~feb : nil mar: 787m3 apr:3993m3 may:3748m3 jun:6140m3 jul:9774m3
if the company restructure well..a chance for recovery ..if the logging continue growth to above 12~15000m3...that will be very +ve !!!
Con counter, please avoid at all costs!! Shares will be consolidated again & again while newbies will blindly believe all their PAID write ups in the newspapers & blogs then dump & f o! Poor innocents will be victims
This counter very easy to be cornered because of its small 47 million market cap. Easy down, also easy up especially so as it has just consolidated 10 to 1. Seeing that such small volume can bring down the price easily, won't be surprise if can be depressed further since it will be easy to push back up.
The only thing to look for is the upcoming subscription of the investor (famous in dealings with penny/weak stocks) with a min subscription price of 0.12. Not forgetting the improving logging production volume.
Company also delayed its annual report, latest quarter report and planning to push the 2021 AGM further by another 9 months. My guess is it will be a long wait at least another year before can see any price action, considering the new investor has a history of sell for small quick profit (no push price) or sell after a long time (push price).
Today's buy rate is 0%. With nearly zero retailer's interest, it seems the sellers are kinda desperate to depress price further, as it does not makes sense to sell at such % loss. Selling today at 0.095 / 0.10 means the original cost prior to consolidation must be 0.01 to breakeven or 0.005 to make a profit.
If this is a once-off or few times selloff to run away for greener pasture, then it makes sense for an investor to sell at loss. Unfortunately, because company as well as local scene is slowly recovering, you cannot help but to take this non-stop selloff as some sort of left right hand show - to collect ticket from weak holders due to emotion from falling knife / paper loss getting bigger day by day etc.
PWORTH has drop quite a lot since its previous RI in 2018 and even after recent consolidation, at today's price it is almost too attractive to collect for rebound penny stock play. We are human and cannot avoid being emotionally depressed by the non-stop selloff, but because of the same reason we can also learn to be 'rationally' depressed.
TQ for your concern, sold all rather than lose all. Tell your insider to correctly calculate the amount sold by the end of today, don't mix up theirs and mine ok!
jeffng570 confirmed.....this counter will dislited in 2 years time
Yes, and with delisting the 2 timber tycoon brothers will also have their millions of dollars stuck as well. They have lost quite huge sums in SCIB before, not sure if they are willing to lose another big sum here. Take note that their cost in Pworth may be quite high, since they already have shares long before 2018 RI and recent consolidation.
Yes, and with delisting the 2 timber tycoon brothers will also have their millions of dollars stuck as well. They have lost quite huge sums in SCIB before, not sure if they are willing to lose another big sum here. Take note that their cost in Pworth may be quite high, since they already have shares long before 2018 RI and recent consolidation.
they have no others choice to choose already, thats why made decision to cl even i had lost a quite huge of my fund
Priceworth: Resumes log harvesting, plywood export. Priceworth International log production volume for May this year was 3,748.28 cubic meters compared to 3,992.03 cubic meters recorded in April. The slight decrease in May 2021 compared to April 2021 was mainly due to log harvested and in transit to the downstream processing mills. (BTimes)
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....
whistlebower99
4,019 posts
Posted by whistlebower99 > 2021-06-21 10:28 |
Post removed.Why?