Just nice.. plenty of posts to catch up in i3...

Teh tarik time..

Post removed.Why?

SD Selling :

1) Chakravarthy Technologies (P) Ltd for RM145 Million.
2) Bharath Technologies for RM75 Million.

Quick check revealed Chakravarthy Technologies paid up only RM2.15M. Never submitted annual accounts. Who is willing buyer for RM145M?
https://www.tofler.in/chakravarthy-technologies-private-limited/company/U29299TZ2012PTC017769

Bharath is a website software developer and hosting company. Paid up RM5,000. Who is willing buyer for RM75M?
Company also in process of being Unregistered in India Register of Companies. Strike -off in progress. Usually empty shell company or company being sued.
https://www.zaubacorp.com/company/BHARATH-TECHNOLOGIES-PRIVATE-LIMITED/U72900TN2015PTC100034


LOL.. Most likely buyer is from Middle East, going India to specifically buy up these 2 ikan bilis company for a bluefin tuna price.

Why are people still promoting SD?

Strange isn’t it?

SD failed all investment guidelines.

Confirmed fraud accounting
Confirmed bond default
To be confirmed debt default

Buy SD as long term investment? LOL

Post removed.Why?

I accepted all I post

I am honest to all I post

I accepted all your conditions.

You are the one refusing to take up the bet.

You better be honest to yourself. Dont attempt to bite more than you can chew

Like i keep saying for the past 1 hour.

I ACCEPTED ALL YOUR CONDITIONS.

All

Semua

All bets must be fair and equal.

You ever seen a lopsided bet or agreement?

I agreed to item 2 and 4.. Not twisting.

Just added your name to make it fair to both parties.

Post removed.Why?

Why item 2 and 4 only me?

You only have to fulfill 2 conditions and I have to fulfill 4 ?

You think this is right? Not lopsided?

I am honest to what i posted.

I accepted all your 4 conditions you requested.

of course.. again I accepted all I posted.

I accepted all your 4 conditions.

Post removed.Why?

Post removed.Why?

Post removed.Why?

Nope.. i accepted all I posted.

Its in the conditions.

Its only you who refuse to accept

Post removed.Why?

Post removed.Why?

Pls use proper english...

This is not called twisting.. all agreements cannot be lopsided.

Why are you afraid of
1) Promote stock
2) Nothing is free

I already accepted these 2..

Its only your part. Keep on adding conditions.. pls make sure you can follow that.

You want to back out now?

Post removed.Why?

Post removed.Why?

Post removed.Why?

Post removed.Why?

Yea.. anyone with a moustache is a father..

Simpleton explanation

Post removed.Why?

Post removed.Why?

Post removed.Why?

Post removed.Why?

Post removed.Why?

Post removed.Why?

Post removed.Why?

What my posting about people that promote has hidden agenda?

Then you started rambling for the past 5 posts with no clear direction..

What are you trying to say when you mention my name?

Lets be direct... no more twist and turns..

Just say what you want to say

Still not saying what you are implying??

The platform is yours..

Lets not waste time posting 1 sentence answer and go straight to the point.

You are only adding to your post count in i3... but nothing of substance

My hidden personal agenda?

Please explain..

I cant understand your riddles

again riddles...

You assume that I belong to a group??????

Dont you find it tiring when your brain cannot fix and focus on proper chain of thoughts?

Keep speaking in riddles that only you can understand..

Im very sure no one else can.. cos I dont

You can be saved.. unlike ConMabel

At least you admitted to adding oil with nonsense post.

Post something relevant to SD.. then you are on your road to recovery

Another madcap.

Who flag post?
Who defending who Billionaire CEO?

What i have posted so far are facts and numbers. Proven 100% correct since last year.

You can boast this record?

Adding oil is what I can see you are doing

I also see you mention my name.

What personal agenda? Pls be direct.. dont twist and turn like ConMabel

What are you implying that is totally no relevance to SD discussion?

Haha still recalled on Huang replied when defended billionaire CEO n get mad ... he posted is never promoted a stock but see :

Posted by Huangbk72 > 5 minutes ago | Report Abuse
Haha..

Why need to promote stocks?
Why need to lure people to buy higher than you?
Why need to make money using dirty ways?

Nothing is free in this world. Same as promoters service.

No fraudulent company in the world will admit they are lying..

Same modus operandi... deny all allegations till they cannot be denied anymore.

I prefer to trust the information shown in the Banks Winding up Petition.

Huangbk72
So another management pack of lies that it is able to settle 100% of liabilities or it is a formality that they have to say so to avoid liquidation in court. In whichever direction Serbak is doomed.
@alenac
By virtue of winding up petition by banks.. it is 100% confirmed fact that SD debts is more than its real assets.

@alenac

By virtue of winding up petition by banks.. it is 100% confirmed fact that SD debts is more than its real assets.

No one will be able to bail out SD.

Not even Government or State owned companies.

You cannot bail out a fraud company.. simply because you cant do a forensic audit. No one really know how deep the hole is in SD. How much is needed ? Or unless someone willing to write a blank check.

To those gamblers holding SD, you need a lot of luck cashing out this stock.

https://www.theedgemarkets.com/article/serba-dinamik-received-oneyear-term-renewal-licence-petronas

2 conditions pops out which I dont think SD will fulfill

1) The licence stipulates that Serba Dinamik shall, within one year from the effective date, submit its audited financial statements for the financial year-end June 30, 2022, duly accompanied by the auditor’s unqualified opinion.

2) Also, Serba Dinamik is required to submit financial guarantees as a prerequisite for all and every Serba Dinamik’s participation in tenders initiated and/or conducted within one year from the effective date.

How are they gonna convince Nexia to drop KPMG and EY findings? How on earth are they gonna get the financial guarantee??

@Bob

Bingo.. i think the impairment will continue for the next few Q.

Right on when you say impairment done in batches.

So essentially.. we know SD is not paying creditors. Over 90 litigation cases involving RM108.62million.

“Serba Dinamik relies on repayment from its own indirect subsidiaries of its intra-group lending to them before it can repay/pay the borrowed/financing sums; however, SDGB, SDSB, SD Controls and SD Development explicitly admitted that they are unable to pay their debts,” said the creditors.

Moreover, the affidavits said that there are at least 91 litigation arbitration and/or adjudication matters against the entities in the Serba Dinamik group, and that the total amount demanded against the entire group is approximately RM108.62 million — excluding the RM1.78 billion acceleration notice amount and the RM99 million instalment sums."

With this information, you still think SD has real positive OCF?

SD has been lying to investors, bankers and, public for a long long time. Once this House of Cards start unravelling, it will be swift.

@InsiderShark

Honestly, nothing can be trusted coming out of SD. They can fake accounts too easily.

But for the sake of discussion with WisdomNTruth... we are using SD unaudited accounts.

This is what you wrote which Im disputing. SD is not repaying their loans, borrowings and interest.

"If you take a closer look on their latest QR. The cashflow statement stated that they are generating positive operating cashflow (which is from the business operation itself) and their cash were mainly used to repay loan and borrowings & interest."

Then you diverted the topic to OCF and FCF.
Im asking if SD is not paying creditors, will it impact their OCF?

more and more to the party

https://www.theedgemarkets.com/article/court-allows-creditor-orient-arotek-intervene-serba-dinamiks-application-scheme-arrangement

WisdomNTruth

If SD is paying their creditors on time, company will still be able to report positive OCF?