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I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
(This post was last modified: 07-09-2024, 08:59 AM by
sgbuffett.)
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Something is very wrong when year after year the receivable has increases and customer payment period increases...these are in overseas market ...counting customer deposit as cashflow etc are not good accounting practices.
Master Leong has unearthed many discrepancies with teh company.
MAS should step in investigate because this company holds alot of Singaporean investments as a custodian.
If I have any investment with them I will shift out. Just too risky.
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
(This post was last modified: 07-09-2024, 09:14 AM by
sgbuffett.)
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In the way it moves, Ifast is manipulated and controlled by some big players. They are holding big chunks of ifast stocks waiting for time to unload. Such a company does not match with its price.
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Make sense. In companies with ever increasing inventory/Acct Rcv is a red flag.
They are mainly to manipulate the balance sheet. Likely foreign venture not doing well so the needs to manipulate till market recover.
If not... habase.
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