ARB IOT Group Ltd IPO to OTC speedrun? Just after 4 months of listing, it looks like there is a very real chance it will drop below $1 triggering the criteria for delisting. Seems like investors there are catching up on the idea that it is complete BS
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!
From their latest quarterly report, looks like burning through their cash reserves, and trade receivables (=bad debt??) continue to grow sgnificantly 27mill compared to previous Y-O-Y. Sorry this doesnt look good, no dividends because the cash is for FatLiew & his cohorts to pocket...manade give to shareholders at all...
Hi all, purposely created this account today, just to reveal that @foojjpoo is actually Larry Liew. So yeah, he does come in and read comments it seems. Familiar with his speech & writing mannerisms. The word 'wirte' gave him out. Not a recommended counter.
What a genius ceo haha dont even know how to push up the stockprice, only know cheat ikan bilis. No wonder market don't give high valuation like sfptech
The danger is those frustrated uncle n aunties… I think it was in SRI lanka or some country… the minister was stripped naked… imagine such thing … n nowadays everything is on the net…. How would the family it…
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?
You all still invest to the arbb, annum and ageson that keep changing auditor company, sec company, chairman, independent chairman? Still can believe this kind of company? Got so many court case and even director has charged to court on criminal case
Yes, fatty liew is never so generous, just giving away future toilet paper (ARB IOT) to its shareholders to try to stir up some interest in ARBB/ARB IOT... any real cash frm ICPS conversion just keep for himself/his cohorts.
Probably US retail investors caught on, all those 'large profits' (receivables) generated with no substantial cash in their books/ same old modus operandi in Msia also
Fatty liew pls come up with something more creative than this.... you can't expect doing the same thing over and over again and expecting different results...pure insanity
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.
A Flash in the Pan. Based on proposed share distribution of ARB-IOT Nasdag #1000-14, it's near equivalent to 1-1. An attractive value.
ARBB need to move into 0.15 region to make ARBB-PA saleable. ARBB-PA auto conversion to mother share expiry is in January 2024. Not likely that retail investors can push.
Dato Sri Larry Liew Kok Leong is using fake Dato Sri title. Why SC and Bursa allow them to cheat to share holder? They never do KYC to all director? SC and Bursa so lousy. Only protect the rich.
Liew Kok Leong name cannot search in the official Pingat website. Larry Liew Kok Leong only got Dato from Pahang. Never get any Dato Sri. But he has claim himself Dato Sri since 2020
This is public cheat. Why Bursa allow listed company director cheat to public. Larry Liew Kok Leong use fake Dato Sri to cheat credibility from public.
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Thanks Victim1, I found the link and did my complain. Others can please help to submit your complain as well? Hopefully more people complain, authority can take it seriously. I will email my complain to Bursa and SC as well.
Please check the latest Quarter result. Under the cash flow statement, pg4, the Fake Dato Sri Larry Liew, spent RM 154M ++ to buy PPE, yes. RM 154 M for PPE, NOT inventory. What is this??? IT company buy RM 154M PPE within a year? They are not buying any real estate/properties or land. What worth so much? Hahahaha. You don't know, I don't know, only Fatty Larry Liew knows. Let see which auditor dare to take this job and sign the audit report.
Gong Xi Fatt Chai!!!! Finally, more people questioning this shady management and start reading their QR report. Surprisingly those messages are still visible today. In those hype days my posts were got ban or randomly washed off with spam. But I still liked how they repeated the same company prospect with just single sentence for several QR :D Giving American toilet papers to shareholders now lol what next? Happy trading, hold tight tight ya!
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.
This ARBB-PA will be automatically converted to Mother Share upon expiry on the 15 Jan 2024 at the ratio of 1 Mother Share for 14 PA. Just in time to complete their Dividend Distribution exercise this coming 27 December 2023 EGM. Upon conversion to ARBB shares, ARBB distributes 14 ARB-IOT shares listed in Nasdaq for every 1,000 ARBB Shares that you are holding. Wow. What a Good Way to add new Nasdaq listed shares into our Portfolio? Guess we should buy ARBB shares now or add more ARBB-PA to get them automatically converted on the 15/1/2024 for our brand new experience of holding or and trading in the Nasdaq counter in the future. At least we get to feel of trading in the New York Stock Exchange under Nasdaq.
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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....
ykyew11
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Posted by ykyew11 > 2023-08-21 22:49 | Report Abuse
ARB IOT Group Ltd IPO to OTC speedrun? Just after 4 months of listing, it looks like there is a very real chance it will drop below $1 triggering the criteria for delisting. Seems like investors there are catching up on the idea that it is complete BS