Will the new auditor sign off the book? million dollar question.

https://www.theedgemarkets.com/article/arbs-auditor-messrs-bdo-voluntarily-resigns-after-failure-reach-agreement-proposed-increase

“The next financial year-end of the company will commence from Jan 1, 2021 to June 30, 2022, covering a period of 18 months. Thereafter, the subsequent financial years shall end on June 30 annually,” according to ARB’s filing dated Feb 22.

flytothemoon, can i buy dialog now? can fly now?

Still no QR.... this is bad, very bad news coming.

If Karim bought shares today, sure quickly inform the market, but today so quiet, most probably he sold and will wait till last minute to file it with Bursa.

Where is PearlWhite? InvestorKing? Where? When it go to RM0.005, you can sell your house and car and all in. Maybe got chance to be a billionaire.

PearlWhite latest article - "Banker work with DAP to push down Serba shares because they want to rob karim of his space company, Elon Musk eying Serba space tech, banker plans to resell Serba at a higher rate after they scoop up all the cheap shares."

PearlWhite future article - "Karim tried to defend the share price, but now banker force him to sell. Karim calling Elon to buy this wonderful space company, please dont sell, will 10000X in the future."

today got opportunity to run, those still holding got no one to blame but themselves. today bond due date, USD222m. no way serba can pay the bond, now TheEdge calling banker to ask if Serba made payment today or not, if not, tomorrow morning bad news come out, the last tsunami.

0 is the real bottom

those that encourage you to average down are evil people, remember their names. and those that told you to run early on, remember their names too.

my advice is still the same, sell at whatever price you can and dont look back. tomorrow news will come out serba defaulted on their bond again, by then, probably too late to sell.

true value is 0
sell and run before it is too late
today got bond payment, confirm cannot pay
sell before this bad news hit the street
tomorrow will drop again

Where is investorking? dare to lie and say OTB, KYY, 99 Mr.Lee will buy... serba will go to zero.

Today they defaulted on their bond again. Tomorrow down again. If can run today, just run.

Glove 2.0

Glove 2.0

One more sleepless night.

PN17 (During suspension)
Defaulted on Bond (During suspension)
Banker file liquidation (During suspension)
EY FFU says got fraud (During suspension)
59 fake stamps found in Serba office (During suspension)
Fake templates found in Serba office (During suspension)

Many big bright red colour flags. So many red flags until people mistaken Karim as Chairman Kari-mao Ze Dong Dong Chiang.

PearlWhite next article - "Banker conspire with Bursa to crash Serba so that hidden proxy like Elon Musk can scoop the shares cheaply."

PearlWhite next article - "Karim invest in a hospital in Tanjung Rambutan, free lodging for Serba investors."

lou sai tomorrow

not only cannot use margin, this means those still on margin needs to clear the margin or force sell, which means Karim and gang will be forced to sell. tomorrow limit up or limit down?

PN17
Liquidation
Defaulted on Bond
Fake account

Can limit up? or limit down?

am not even a DAP support and has lost money in Serba. fraud is fraud, and Karim must be punished.

Clearly Karim fake the account. Why make this a DAP issue? Those 59 fake stamps dropped from the sky and into Serba's office? What about those fake templates in Serba's computer? And all those messages and email between Karim and others to fake the account?

DONT MAKE THIS A POLITICAL ISSUE!

Trading curbs on Serba Dinamik securities

https://www.thestar.com.my/business/business-news/2022/05/07/trading-curbs-on-serba-dinamik-securities

KUALA LUMPUR: At least one brokerage has imposed trading restrictions and imposed other curbs on Serba Dinamik Holdings Bhd shares as it resumed trading on May 9.

The oil and gas counter has been suspended since October 27, 2021. It was last traded at 35 sen.

“In view of the uncertainty of Serba Dinamik’s financial well being pending the outcome of the impact of the accounting irregularities, we anticipate volatility of the share price once trading is resumed on its shares/ warrants.

“As such, the management has decided that with effect from May 9, we will be imposing a trading restriction on the purchase of Serba Dinamik’s shares/ warrants in all trading accounts (including margin and no trading is allowed for proprietary trading account), wherein 100% upfront cash payment/ cleared fund (if payment is by cheque) before entering any purchase contract,” the brokerage said in a note to clients.

In addition, it said Serba Dinamik’s shares/warrants shall also be classified as non-marginable counters at the same time.

In line with the trading restriction, the brokerage said Serba Dinamik’s shares/ warrants would be suspended from purchase in the trading system.

“Should clients wish to purchase Serba Dinamik shares/ warrants, please ensure they have sufficient cash in trust account/ cleared fund before requesting credit management staff to uplift the buy suspension,” it said.

In a separate statement, Bursa Malaysia advised investors to exercise caution and to make informed decisions when trading the securities of Serba Dinamik.

2 more sleepless night....

the problem with a bull run is when the price goes up, so does the production. all aluminum miner and producer will ramp up their production, granted that it is not like glove where it is much easier to ramp up production, it will probably take 1 or 2 years to see production increase, and we are about there already.

we live in a capitalist world, where demand and supply will eventually even out. producer will produce too much aluminum in the future, just like glove, it is inevitable.

aluminum going down again, fed raising rate to burst this bubble. this is glove 2.0. the sooner you accept this reality, the better it is.

Raiz368

How to limit down 2 days. Max is 30 cents, so on Monday it will go to RM0.05 from RM0.35. Then Tuesday cannot go down another 30 cents as it is just 5 cents.

Glove 2.0.

Glove 2.0

bosskufanboy

You can keep that article and look back and cry after 5 years. my logic is simple, if they can list in nasdaq, then they can enter klci30. can they enter klci30?

InvestorKING

Again, so much BS from you. ColdEye is your uncle? Mr.Lee is your friend? KYY is your father? You seems to know what they plan to buy. Amazing. So much lies from you like Karim.

I hope you dont go average down on Monday.

Debt to equity ratio is 278%.
Equity is RM16B
Debt is RM43B
Cash and short term investment RM13B
Yearly earnings is about RM800m

This is gila, beyong gila. How to 10X?

Remember, as bad as Sapura or AirAsia or Brahim or Scomi are, it is not as bad as Serba. Serba got:

- Banker file liquidation [ When Trading Halted ]
- PN17 [ When Trading Halted ]
- Defaulted on Bond [ When Trading Halted ]
- Auditor report fake accounting

3 additional red flags when trading was halted, what do you think Monday will be when trading is resume?

I will buy when koon family starts buying in huge quantity, not in tiny for show quantity.

QR today?

EastWestTalker

I dont see results, I only see BS and sweat lies. Again, am asking a legit and simple logical question, if can make into Nasdaq, then can also make it to KLCI30 or MSCI, right? Do you see ARBB in KLCI30? If the answer is no, you know who is BS-ing.

Because it is a PN17, Liquidation, and Defaulted on the Bond company. Big funds will have no choice but to exit. So, who will lend the stock for people to short when everyone is looking to sell? Plus, short seller also dont want to get caught holding this bag.

dragon328

Parkson at decade old too, what you've got to lose? AirAsia, Berjaya, so many at decade old, what have you got to lose?

dragon328

Berjaya also got many prime land and valuable asset.

YTL since many years ago already own most of these so called 'valuable' asset. Question is why the stock price has been dropping for 10 years?

https://www.theedgemarkets.com/article/serba-dinamik-file-regularisation-plan-within-8-months

Serba Dinamik to file regularisation plan within 8 months

KUALA LUMPUR (April 5): Serba Dinamik Holdings Bhd is looking into formulating a plan to regularise its financial condition and it is required to submit it within eight months.

In a filing with Bursa Malaysia on Thursday, Serba Dinamik, an engineering services company, said it has approximately eight months to submit its regularisation plan to the relevant authorities for approval.

“The company will make the necessary announcement on the Regularisation Plan in accordance with the requirements under Practice Note 17,” it said.

dragon328

10 Baggers? Means RM66B market cap? What are you smoking? Do you know how big is 66B?

kahfui1221

ARBB have better chance of entering KLCI30 than to enter Nasdaq. It is like SpaceX says will go find aliens in another galaxy when they not yet land on the moon. be realistic.

bosskufanboy

If ARBB can enter Nasdaq, then OpenSyS, Willowgen and many other more legit co in Bursa already enter Nasdaq.

ARBB dont even have anything to show. If got a steady business, chances of entering also very low, whatmore a company with nothing to show for? only got buzzword to show during AGM.

If can enter Nasdaq, already enter KLCI30 or MSIC. Think about it. can ARBB enter KLCI30 and MSCI?

buy on rumors, sell on news.

For those that are deaf to the truth, hopefully they are not blind, and if they are blind and deaf, hopefully not dumb. May the lord have mercy on those that tell people to average down.

"Creditors file winding up petitions against Serba Dinamik"
https://www.theedgemarkets.com/article/creditors-file-winding-petitions-against-serba-dinamik

For show Strategy [ satellite and aeropsace tech? i got a bridge to sell you ]
- Ensure new organisation structure are accordance with recommendations from risk management and audit.
- To vigourously complete entry into the segments of Information Technology, Satellite, Aerospace and Megaprojects.

Fake Operations/Projects [ after the kpmg thing, almost no new projects, why? ]
- Business re-organisation to focus on high impact high, priority projects with quick working capital turnover.
- Re-mobilised workforce to immediately continue operations/projects stalled by the pandemic.

For show Legal [ then fight in court lah, why so settle with agc? ]
- To finalise legal redress with KPMG on its offer for settlement.
- To pursue legal liability with relevant financial regulatory authorities and government agencies for defamation.

No Financial [ And why are bankers liquidating serba? for fun? ]
- Ensure working capital from financial institutions are re-instated.
- Ensure provision of assisted working capital from relevant Government agencies is obtained.
- Ensure that agreed re-structured repayment plans are carried out in accordance creditors/financiers requirements.
- Ensure CAPEX is mobilised immediately.
.

@shani008

The worst thing the gov can do now is to let karim and his gang go without a jail term. why? because by doing so, the gov is telling investor indirectly malay run and malay dominated companies can do fraud and get away with it, whereas if it is Chinese dominated they will end up in prison.

what will investor do? simple, avoid malay dominated companies.

this will be the side effect of letting karim go.

8899EL8899

The few million ringgit bond in Nov also cannot pay, how to pay the 3B bond? Banker also say recoverable asset is about 150million only. serba confirm close shop, question is when.

Armanhashim

Million dollar question is, how many % of Karim's shares are pledged? I think quite a large percentage is pledged and on 9th May I think the bankers will force sell it unless Karim can clear the debt. Which is impossible since he pledge the shares at a high price. Maybe I am wrong, we'll know on 9th May.

Whatever it is, it will not limit up, reason is many wants to leave Serba, therefore the selling pressure will be higher than the buying pressure. Nobody wants to hold onto a:

Fraud Company
PN17 Company
Company on a liquidation process

Good luck.

Karim needs money, this is the opportunity for him to cash out... provided that all of his shares are not pledged. If it is pledged, then get ready for bankers to sell everything. Banker will force sell, then bill Karim = Bankrupt.