Auditor for ex-DJ Dasmond Koh 许振荣's Noontalk Media flags doubts about going concern after millions in losses
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He should ask pap for help
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This fucker set up this company and raised so much money from IPO. Then when company not doing well, he then become the nice guy and ‘lend’ the company money. lol if that’s not the definition of left pocket goes to right pocket, I don’t know what is.
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Stop reading at 'The company in 2024 took a $2 million interest-free loan from Mr Dasmond Koh, its founder and CEO. LOL.
ChatGPT analyze it well. Verdict: The company is Hong Kanz already.:
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Yes — it seems very plausible that NoonTalk Media is in a precarious situation, based on the recent auditor’s report. Here’s a breakdown of what the facts say, what “going concern” means, and what the risk is for investors:
“Going concern” is an accounting concept: when preparing financial statements, a company assumes it will continue operating and not liquidate in the near future.
When auditors include a “material uncertainty related to going concern”, it means the auditor believes that there is substantial doubt that the company can keep operating under its current conditions unless things improve materially (e.g. new funding, revenue growth, debt restructuring).
In practice, this means:
Given all this, we can reasonably conclude that NoonTalk is under serious financial stress. But “in trouble” doesn’t necessarily mean immediate collapse — there are a few ways the company might survive or recover. Here are possible paths and considerations:
What’s happening to NoonTalk is more extreme, but it is not entirely unique among Catalist (small-cap / growth) firms. Because those firms typically have less buffer, lower profits, and greater volatility, going concern warnings are more common there than on the Mainboard.
However, with NoonTalk, the addition of negative net equity, significant cash outflows, and losses makes the danger more acute than many smaller but still viable firms.
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ChatGPT analyze it well. Verdict: The company is Hong Kanz already.:
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Yes — it seems very plausible that NoonTalk Media is in a precarious situation, based on the recent auditor’s report. Here’s a breakdown of what the facts say, what “going concern” means, and what the risk is for investors:
What the auditor / company say
Some key points from the official disclosures:- The auditor, Foo Kon Tan LLP, included a “Material Uncertainty Related to Going Concern” note in the audit report for the year ended 30 June 2025. (noontalk.com)
- As of 30 June 2025, the Group had net liabilities of S$396,881 (i.e. liabilities exceed assets) and net current assets of only S$22,317. (noontalk.com)
- The company also had a net loss of about S$1,795,950 and an operating cash outflow of S$900,668 for the same year. (noontalk.com)
- To support operations, the company has taken measures such as a S$2.0 million interest-free loan from its founder/CEO, with a commitment not to demand repayment for 12 months. (noontalk.com)
- The board expresses confidence that the company can continue as a going concern, assuming their cost controls, cash flow forecasts, and working capital measures hold up. (noontalk.com)
- The audit’s “going concern” warning signals that the auditor doubts whether the company can remain operational under its current financial trajectory without external help or turnaround. (noontalk.com)
⚠ What “going concern” means — and why it matters
“Going concern” is an accounting concept: when preparing financial statements, a company assumes it will continue operating and not liquidate in the near future.
When auditors include a “material uncertainty related to going concern”, it means the auditor believes that there is substantial doubt that the company can keep operating under its current conditions unless things improve materially (e.g. new funding, revenue growth, debt restructuring).
In practice, this means:
- The company may have trouble paying debts, meeting obligations, or obtaining additional funding.
- Some assets may need to be sold or revalued downward.
- There’s increased risk of insolvency, bankruptcy, or suspension/delisting.
- Investors should proceed with extreme caution — losses may be magnified.
So in this context, NoonTalk is signaling (via the auditor) that its financial position is unstable and it is in the risk zone.
Is it “in trouble”? Likely yes — but with caveats
Given all this, we can reasonably conclude that NoonTalk is under serious financial stress. But “in trouble” doesn’t necessarily mean immediate collapse — there are a few ways the company might survive or recover. Here are possible paths and considerations:Possible rescue paths / mitigating steps
- Founder / insider funding — The CEO has already injected capital via a loan. If further capital injections occur (equity, debt), that can help cover shortfall.
- Cost cuts / cash flow improvement — If management can greatly reduce costs and increase efficiency, they may stabilize operations.
- New revenue contracts / clients — If they secure significant new business, that may reverse the negative trend.
- Debt restructuring or creditor negotiations — They may renegotiate terms with creditors.
- Sale or merger — They could merge with or be acquired by a stronger entity.
- If the company fails to raise further capital or turn losses around, it may run out of cash.
- The terms of the CEO’s loan (and timing of demand for repayment) become critical — if repayment is demanded too early, it may worsen liquidity crisis.
- Asset values may need to be written down if the business fails to maintain operations.
- The black mark of the auditor’s going concern note may scare away investors, lenders, advertisers, partners.
Comparison to typical Catalist risks
What’s happening to NoonTalk is more extreme, but it is not entirely unique among Catalist (small-cap / growth) firms. Because those firms typically have less buffer, lower profits, and greater volatility, going concern warnings are more common there than on the Mainboard.
However, with NoonTalk, the addition of negative net equity, significant cash outflows, and losses makes the danger more acute than many smaller but still viable firms.
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SGX's standards are so low that even a rubbish company like NoonTalk Media could get listed on it, tsk tsk
https://urlr.me/BpU3F7
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It's under ranjiao penny stocks catalist category. These stocks are all super high risks meant for start-ups and low-cap companies.
https://www.sgx.com/securities/catalist
Catalist
The ideal platform for dynamic enterprises seeking a primary listing.
Overview
Catalist caters to the needs of dynamic enterprises. Companies seeking a primary listing on the Catalist must be brought to list by authorised Full Sponsors via an initial public offering (IPO) or a reverse takeover.There are no quantitative entry criteria required by SGX. Instead, Full Sponsors decide if the listing applicant is suitable to be listed.
Companies must lodge an Offer Document with SGX which will be posted on SGX’s Catalodge website, for a period of at least 14 days for public comments. This will provide an avenue for any public feedback, and act as an additional safeguard.
The Offer Document has to comply with the same disclosure requirements as a prospectus prepared in accordance with the Securities and Futures Act and the Securities and Futures Regulations, as it is the basis for investors to make informed decisions on the company. Provisions relating to civil and criminal liability in the Securities and Futures Act similarly apply to an Offer Document.
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Sheng Shiong donate money
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Search for Cayden Chang’s analysis of noontalk. It’s hilarious
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SG60 = 带政治任务. Pure political agenda.
post here please, thanks
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The cast of YES 933 should chip in to support its alumni.
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The company dun seem to have much activity still can burn so much cash flow and kaput??
Maybe the company paid high dividends(profits)to shareholders and high directors' fees to directors.
If the ceo withdraw the $2 M loan or forecasted sales revenue is not achieved , the company will face cash flow problems and cannot pay its creditors when debts are due.
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