When I first invested in Yuuzoo back in April, (here) I fully intended to hold on to the stock for a couple of years at least. Naturally, I also tracked their Q1/16 earnings (here). Unfortunately, I have now taken a 22.7% loss on Yuuzoo and exited my position after a mere 2 months.
Lets not beat around the bush: taking a 22.7% loss sucks. However, investing in Yuuzoo was a great learning curve for me which I truly believe will benefit my 10% per annum dream in the longer run.
Main Reason for Divestment:
I am unhappy with their accounting as previously discussed in my review of their Q1/16 earnings. I was even more dissatisfied with Yuuzoo's governance in their response to the accounting saga.
Yuuzoo first requested for postponement of their AGM on 29th April. I believe they were already ......