How misinformation about Serba Dinamik was perpetuated – A case study

By Pearlwhite 11^th March 2022 7.08 PM

Ever since 25^th May 2021, Serba Dinamik endured the relentless onslaught of questionable media reporting of its Special Independent Review (SIR).  To perpetuate this narrative, the help of the unwittingly uninitiated were enlisted to facilitate this misinformation rhetoric.

The army of market anchovies

Whilst capital market regulations are in place to provide all stakeholders with an equal footing to market access and information, there are certain aspects of it where it cannot exert control.  One of them are the investors.  There are many kinds of investors, but we are going to focus on a particularly large segment, which are called “market anchovies”.  So what are market anchovies?

A popular and often acceptable belief of a market anchovie is an investor that has no control over the stock pricing of a company and/or control over the strategic and/or operational direction of the company.  They are at mercy of the “powers to be” in the financial markets and are often portrayed by themselves as “victims”.

However, contrary to popular belief, this is not the case as market anchovies exhibit certain characteries.

• Market anchovies hate being imprisoned by time

In times of crisis, market anchovies are unable to “escape” from negative events, despite market processes permitting them to do so.  This immobility, irrespective of the sums involved or whether it represents a substantial part of their wealth or vice versa, is viewed by them as an involuntary imprisonment of their investments.  They are unable to comprehend that stock suspensions do occur, albeit rare.

• Market anchovies are needy and crave validation from 3^rd parties

This is a classic case where they  are unable to make appropriate, sufficient and accurate financial decisions with what is at hand.  Despite the best efforts by the capital market regulators to level the playing field with appropriate disclosures and market reports, and the carry over knowledge from their education and work experience, they exhibit significant lack of confidence (action disconnect) to execute their wishes, unless compelled by 3^rd party information for analyses and 3^rd party decisions (more likely from another market anchovie).

• Market anchovies are not focused and are easily spooked

Market anchovies are very sensitive to external factors, however minute,  like a school of anchovies being directed in aimless direction by a predator fish (shark).  In the case of Serba Dinamik, misinformation had thrown them into disarray with various issues the likes of bond repayments, stock suspension, judicial management, negative trending topics about Serba Dinamik and so on.  It is a constant “moving of the goal posts” to stir emotional controversy, when the issue pertaining to Serba Dinamik only relates to SIR.

• Market anchovies fear of the truth – they take the easy way out as long as it suits them

They have a fear of conducting fact checking.  Even with a myriad of 3^rd party sources of information at hand, any anomalies of information are dismissed as inaccuracies and refuse to reconcile any differences in them.  Despite the capital markets easy accessibility, market anchovies do not engage with market regulators to obtain information or confirmation, see Serba Dinamik hidden nominees and hidden proxy(ies) will reveal themselves.  What is there to fear?  No penalties would ever befall on them if they did approach the capital market regulators for clarification and confirmation.

• Market anchovies bring nothing to the table

Being reliant and craving validation from 3^rd parties, they bring nothing to the table; not even in the form ideas and/or plans.  In fact, they only harbour negative criticism and accomplish nothing at the end of the day.

• Market anchovies blames everyone but themselves for their predicament

They believe it is their rightful privilege to receive only what benefits them.  They take no accountability for the decisions that they have made and blame it on everyone else.  There is no sense of consequence.

• Market anchovies are self-proclaimed soothsayers

Shocking as it might be given the abovementioned characteristics, they are good at making prophecies without providing any evidence or thought processes.  Common words used are “mark my words”, “proven true again and again”, “only 1 way to go.. said this long time ago”.

• Market anchovies are whoremongers (a 304)

Considering that these market anchovies had so much source material (as they have claimed), it would have been easy to submit such facts, reasons, methods or evidence used to commit Fraud And Financial Transgressions (FAFT).  For the past 10 months, every possible opportunity and encouragement were availed to claimants to provide facts, reasons, methods or evidence to support their claims.

Nevertheless, they gave no answer; not even 1 fact, reason, methods or evidence.

Why?  Because being indignant (outraged) about claims of FAFT is not evidence of FAFT i.e., they did not have any but contempt for Serba Dinamik.

The efficacy of exploiting market anchovies

The widespread condemnation of Serba Dinamik witnessed by the endless cycle of

1. Spreading of misinformation for contempt for Serba Dinamik
2. A myriad of unsubstantiated allegations of FAFT on Serba Dinamik
3. Insinuation that the Board and Management of Serba Dinamik were deceptive, malicious and were due for incarceration
4. Insinuation that Serba Dinamik will not continue as a going concern
5. Seeking to harm, intimidate, or coerce those who wish to engage to eliminate confusion and/or seek clarity and
6. Seeking to harm, intimidate, or coerce those who wish to those who provided facts, reason, methods and evidence contrary to unsubstantiated allegations of FAFT. 

is proof that this type of media exploitation of market anchovies is highly effective in spreading misinformation.

This is because market anchovies permeate in the general population (who have no interest of Serba Dinamik).  Human behaviour has been shown to be skewed towards negativity and the spread of baseless negative information since time immemorial.  Gossip is part of human nature.  The unfortunate part is that they represent the masses or as capital market regulators calls it "the public interest".

Here some quotes from several incidences not too long ago of the typical behaviour of anchovies from an esteemed market observer.

“All the angry commentators of my articles on Gadang are losing money and they refused to see the truth. “

“All the losers must look at the truth as explained by stockmanmy's article. Stockmanmy is a chartered accountant who is a very good stock analyst. I have my highest respect for him.”

“Pak Lah, the real reason why I was so sarcastic is because I was annoyed by one stupid idiot hiding behind the name koonpastsix who made an abusive comment. My intention in writing this article is help investors understand Mudajaya's Indian power project and to take advantage of this latest news to make money.”

In short, market anchovies are also abusers.

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It is not recommend that consultations be made with Certified Financial Analyst, Brokers, Traders and/or MBA/MA Finance Graduates as they are deemed not to have the necessary competency and skills to evaluate and advise on such matters discussed in the article.