after looking through their 2022 annual report/website, I dont see any products, not even a printscreen of their profitable ERP/iOT software. All I see are sales to unknown companies with incredible profits (all parked under receivables).
This reminds me of Serba Dinamik, with huge dubious sales to many shell companies (easily created to issue dummy POs) with incredible profits (all parked under receivables too).
I am not saying ARBB is another Serba, so make your own conclusion guys...
ARBB is Rubbish Stock. Stop Buying it! (1) Stop Buying this Rubbish Stock. (2) According to Famous Chinese entrepreneur Cao DeWang, SMALL Company that are not focus on there core businees is Rubbish Stock. This dialog, can search in internet.
ARBB is a Small Company How they making money? Most of the investor dont know What they making money? they do iot & erp, plantstion, buildingsolution...etc
I’m getting worried about the egm, so much money lost. Where would the poor uncles and aunties go. They might act aggressively thinking going to prison is better. What to do all money lost. As for Arbb directors, getting beaten up naked, ohhhhh…
The latest News start from Annum, related to Arbb iot. Question is, Where is Ageson? The Big Share Holder is the same. Oh ya, Ageson has being suspension, because of the fake account they make. The Share price from Rm 0.20 per share drow to RM 0.030 per share. 90% Lost. Retail investor lost 90% of their money. Investor dont have faith with this Silly Company. That is why the share prices drow so much.
In Malaysia, no matter how many millions or billions u announce in your company qtr reports, if u don't declare any dividends, we investors won't believe your qtr reports. Simple as that
Ageson.... same like ARBB, their website got nothing of their projects but stock images they got from the internet. Imaging going to MahSing website and they show you beautiful website of some unknown projects, people pointing here and there.... same con company, all they do is create website, sign MOU, and sell beautiful stories.
This Potboy shop.... who goes into their shop? so empty, got nothing. I know for a period they offer Rm1 coffee and many que... other than that, the shop got nothing... must be a scam shop.
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.
looks like the insignificant news of potboy collaboration means nothing to the market, infact ARBB share price is heading south...guess fatty liew can't keep milking investors all the time without any dividend plan or proof that their ERP biz actually exist out of the realm of his imagination created by POs from questionable companies/tons of trade receivables which is looking like "bad debts" soon....
fatty liew, u hold the most toilet paper of this company, suggest you carryout more significant "MOUs" to try to prop up the share price ya...after all you have the most to lose if it is delisted....
Some uncle n aunties who invested in the company might get angry. Hope they are patient. Yes rotan with the director’s pants down might not be the solution.
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.
Modus operandi of a typical company you should AVOID investing your hard earned money in.
1. Backdoor listing (fastest route) 2. Issuing tons of rights to grab 1st round of money from the green investors 3. Generate a lot of MOUs/insignificant joint ventures to try to push up the share price 4. Beautify their accounts with questionable POs/ trade receivables that they can never collect to further push up their share price. 5. Start unloading their holdings when price is up to grab another round of profit from more green investors 6. Consolidate the shares to reduce the numbers of shares 7. Repeat No. 2-6 again.
U can also observed the management is not topping on their share holding even though it is so low now the share price...what a bargain right?
by not topping up, they really displayed alot of "confidences" on their side considering their company's stellar performance since 2019...unless they know what is the true performance behind it...
Dear all, you want to trade shares, suggest you pickup several books about value investing/watch free online courses on charting/learn some accounting/ learn how to read the annual report and most importantly dont believe any juicy tips.
Forget about joining all these telegram grps which are mostly pump/dump syndicates. The people I know who are very successful in investing will never form any telegram group...why would they want to trouble themselves for a fee when they are doing so well on their own? These investors remain low key/quiet and hardly share anything with anyone..coz you only have yourself to depend on, no one else in investing...
Don't Buy ARBB Rubbish Stock! (1) ARBB keep asking Money from invester. Ipo in us Nasdaq, right issue. etc. But the stock prices go down and down. (2) Maybe they going to ask for second time right issue. (3) ARBB Core Bussiness did not Make real Money, the big amount of revenue is from account Receivedable. (4) No/ RM 0 Dividend Given. The Stock Value is Very Very Low.
Why keep barking here...Foo ju jung the botak hired to wirte, afraid the company do better. investor should know the values instead of your rubbish words
keep writing negative comments...why here???? what is your intention? what is your purpose to spend time copying all those nonfacts... Investors should know...
they probably thought when it is listed in nasdaq arbb will fly and you know i know what will happen lah.... but never even fly... in seekingalpha, the same thing as i3 of malaysia, there is a discussion on arbiot.... on weird accounting and the need to raise money when it is full of money... even those in usa smell a rat.... big stinking rat.
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.
The only way ARBB share price is going up is if fatty liew n his ageson gang/syndicates goreng saje...no fund managers will touch tis considering all the red flags...only green investors will kena trick saje...all the season investors here are doing community services by warning others not with lies but facts from ARBB own annual reports which are so glaring of the truth of their actual company performance...
@Phoebe u r indeed old enough to know alot of this type of setup in Bursa where their main objectives are just to extract money from the poor retail investors and if they r smart enough, even con local retirement funds/bankers into buying their shares/lending them money . Do continue to share your wisdom with us...txs!
Please poor investors, just sell your ARBB shares at whatever price now, this stock only create fairytale stories to con Investors, please sell or your cash will turn into toilet paper.
I pity the uncles n aunties. If lost everything what they will do. They might go to jail instead. At least food covered. But before going they may strip the boss naked n beat him nicely.
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.
Everything fake.... for those in doubt, show me their software screen shot. A software company that doens't show a screen shot of their software, no demo to download, no trial.... website full of fancy photos. Like Serba IT... makes so much money, but no screen shot, no demo, no download, no trial... end up, toilet company do IT business with Serba IT.
Imagine going to Microsoft website and they have fancy photos only, cannot download trial also. Think about it.
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Posted by thanos2020 > 2023-06-09 10:20 | Report Abuse
after looking through their 2022 annual report/website, I dont see any products, not even a printscreen of their profitable ERP/iOT software. All I see are sales to unknown companies with incredible profits (all parked under receivables).
This reminds me of Serba Dinamik, with huge dubious sales to many shell companies (easily created to issue dummy POs) with incredible profits (all parked under receivables too).
I am not saying ARBB is another Serba, so make your own conclusion guys...