Evolution of this thread..

We have seen pro and anti SD camp evolving into sane and insane camp now.

SIR is a simple process to confirm audit issues. Nothing special nor complicated. It’s a Yes or No situation. Never a maybe.

To bury SIR, SD has resorted to suing Bursa to remove this requirement. This clearly shows KPMG and EY findings are similar, any audit firm will have same findings. It’s irrefutable.

For the insane camp that claims SIR is good is clearly desperate.

For the insane camp that claims AR is ready is clearly uneducated in business sense for listed company. Nexia will NEVER show findings different from KPMG or EY.

There is no AR if no SIR.

My new mantra:

1) EY will confirm KPMG findings
2) Dont be in the same room when shit hits the fan
3) SD will be delisted
4) Start getting used to losing 100% of your investment in SD. Do mental impairment.

Relax and sleep like a baby.....

LOL…

I see 1 sampan already sinking named SD..

57c to 35c is considered half sunk??

Delisted is considered destroyed??

Sleep like a baby….

“Losing money is ok, don’t ever lose face”

He-Man always win

Period

Bursa is never worried. Why should they?

SD is going in hand to hand fight with Bursa armed with a plastic stick… Bursa has He-man sword.

Hahaha.:

Funny to even think that Bursa is worried

@Wirajati

That’s why we call them He-man

Epf has left SD.. they don’t care

As long as audit issue exists.. only retailers will put in money

To wait for court decision… prepared to wait years and years and years

My money is on this suit gets thrown out by court.

And SD delisted

It’s good to see so many new smarties seeing the true picture and not deceived by the promoters.

Gratz to the 10% smarties!

In a nutshell:
EY has confirmed KPMG findings
SD has to bury SIR
SD suing only to bury SIR, unfortunately they fight with He-Man. Big brother SC still hasn’t made his move yet.
No SIR = No AR come 30 Nov.
SD will be delisted after deadline

To SD holders, you pls pray for SIR to see daylight…

LOL.... fake CEO at hard work again

Post removed.Why?

Haha... no need wait 2-3 years.. 2-3 months will be delisted. No need to push down price anymore

Then you can brag about how you sold your titanic called SD before suspension..

Today I am inspired..

This year I dont want to file my income tax... If LHDN comes after me.. I follow SD tactic??

Post removed.Why?

Change in my mantra:

1) EY will confirm KPMG findings
2) Dont be in the same room when shit hits the fan
3) SD will be delisted
4) Start getting used to losing 100% of your investment in SD.

Relax and sleep like a baby.....

I think Bursa will announce the SIR findings themselves, they have the mandate.

This is the fastest method to appease the minority investors, which Bursa has undertaken to protect.

Only this way SIR will see daylight.

No SIR = No AR

That’s the flow..

No auditor will sign off SD accounts without finalization of SIR. No one will offer 10-11 qualified opinions on an AR.

That’s why I say delisting process early December.

Be prepared to lose 100% of your investment in SD.. hope you are not Drowned by the paid promoters..

Sleep like a baby and take it as a lesson .

Just relax… sleep like a baby

SIR will be buried forever and ever and ever..

Start learning how to mentally impair your investment in SD.. lessen your pain when officially delisted.

You people are hopeless. When someone says your god is fake, your brain gets messed up.

Suspension is due to Karim selling warrants when he gets the SIR report. Immediately Bursa locked up SD.

If Karim release SIR report and he sells all his shares in SD, Bursa don’t care a bit.

To Bursa who has a copy of the report and attended the meeting physically, the SIR is deemed Factual and must be released publicly. Who is in a better authority to decide this than Bursa.

All these problems since June are self inflicted by SD.

That’s the summarized fact.

No need to wonder.

Never the intention to have IR for KPMG issues.

Thats why Bursa has to force SD to appoint SIR

All along is time delaying strategy.

Now suing Bursa is same tactic.

If Bursa is blind, will allow this saga to drag on for years.

If Bursa is wise, by 1st Week December, will start process to delist SD.

Wondering how the battleship guy will respond now?

Future Serba millionaires… LOL!!!

Know nuts bout investing.. plenty of experience in cut and paste job.

No need to think so much...

For SD holders.. just count your total losses

For sideliners... just buy more popcorn and be prepared for a long long show.. no stamina, can just forget this drama.

No one fights against Bursa under MMLR and wins. Bursa are the regulators, they are the law enforcer.

So.. delisting is next.. unless SD backs down.

Pray hard they do.

Just to bury SIR

1) Sue Bursa for suspension
2) Sue Bursa for SIR appointment


LOL.. epic!!!!!

Bursa is market regulator la... can sue when you agree to the rules when SD goes public??

Just because banks lose currency exchange rate, banks can sue BNM??

Desperate measures.. ..

Haha..

Foregone conclusion.. SD holders can start counting their losses...

For the rest of us.. pls buy more popcorn for new chapters in SD drama. Sit back and enjoy the ride.

I hope those promoters since 60c will reflect on themselves. You drown is ok... dont pull in others with you. Karma will get you back sooner or later.

LOL..

Still promoting with stories now..

Facts never lie, people do.

SIR completed and not released... until then, monkey stories everyday

Its recorded in this current debacle... buy call is 57c. Everyone can see. No one see any sell call from you.. its also seen by everyone.

Who cares how you copy and paste past history record to show your profits?? I can do it even better than you and anyone here can too.

Just none of us stooped that low to sell a stock.. not needed from us.

And now the monkey talks about trust..

How to trust someone that has been saying buy buy buy since 57c??

I can trust him if he says buy buy buy since 30c...

Thats a big gap between a human buy call and a monkey's buy call.

Both are buy call... depends on which is smarter call.

As i have mentioned.. all sales talk..

Bottomline is audit red-flagged.. not willing to release SIR.

The core is rotten no matter how much make up you use...

All promoters are paid... its not about passion.. its about deception.

Simple logic.. advocating buy since 57c till suspended at 35c... it sounds very fishy if coming from a normal investor. Who in their right mind will do that?

Only a salesman will keep saying their product is good.. when its bad.

I try to understand...

I really do...

If you are not promoting buy and hoping people to follow you..... why post??

If you are not promoting your counters, why keep mentioning them?

Denial Syndrome??

Greedy thus got stuck…. 10% smarties saw this 1 mile away.

Bilis and sharks thought they saw a piece of meat, ended up caught in same net..

Watched the new Venom movie yet?? Remember the title. It’s called :

“Let There Be Carnage”

Don’t hate us, we tried our best saving as many poor souls as we could.

Big YES.. no issue SD close down

MAS lost more workers when delisted

We are not here to gloat

We are here to kill the ‘snakes’

They are tough adversaries

Regardless how good your investment record is….

You can burn it if promoted this counter.

A thousand year merit can be burned in 1 day.

Crudely put:

From winner to a loser now

@FSX123

Keep up the good work!! The world needs you to be a better place.

Good Karma will reward you.

Save as many innocent souls as possible

@ wongchin

Only the 10% smarties can read.

The other 90% dummies won’t understand this article. They prefer to dream that everything is BAU.

https://www.theedgemarkets.com/article/alternative-views-unprecedented-developments-serba-dinamik

Horror stories are told in June.. its too late now.

Now SD holders are living in the horrifying nightmare when they refused to wake up..

Reality:

1) No SIR, no AR can be completed. No auditor willing to sign off with so many qualified opinions.
2) SIR dont need 4 months to complete. Its not a full audit process.
3) As a listed company, you dont fight against regulator. Wanna stay listed, play by the rules.

So..... all points to delisting unless SIR is published.

Lets stock up months of popcorn to see show.

I really try to understand

I really do…

How can promoters say we missed this gem?

We have been asking people not to buy since 60-70c level..

Anytime we buy now, will be cheaper than current stuck holders of SD..

U all think you got it cheap, we can get it cheaper..

If SD ever lifted their suspension, I will see bloodbath and carnage..

Too many sharks think they’re smart, got outwitted by Bursa.. now they stuck… and keep posting positive vibes when in reality, this is a goner

I try to understand.....

I really did try...

1) Stock drop from 1.60 level to 0.30 level
2) Audit red flagged
3) Sue auditors
4) Forced to appoint SIR by Bursa
5) Not willing to release SIR report
6) Fitch Rating dropping SD to junk bond status.
7) Resignation en bloc of Independent directors.

Still trust in SD?

Do people still have logic anymore??

Dont need 7 reasons above, just 1 will be enough to sell of shares way earlier in May.

Every shareholders had months to escape.. instead more and more got trapped.

Hahaha...

You people still take that fake CEO aka clown seriously??

Since day 1, all nonsensical post.. bordering on insanity..

Wasting bandwidth actually.



Gash19 https://www.klsescreener.com/v2/news/view/904275

@PearlWhite
Huge conflict with statement you shared, this is the outcome SD management talk with rating agencies?
03/11/2021 1:07 PM

So much useless talk.. Schoolboy report included.. irrelevant to all

Top line, bottom line...bla bla bla.. useless

Just release the SIR... then we can execute all we want.. including Karim's head.

What will happen when SD ever reopens for trading ???

Cue “rocky soundtrack”

We will see a race of who sells faster:::

Plenty of sharks stuck here now:

I will agree that all holders are emotionally desperate . Normal reaction when you see an incoming wrecking ball.

Shit has truly hit the fan.

Look at pre and post audit issues at Chef Karim related companies. This shows sheer incompetence. No way it will go back to their heydays under his stewardship.

Let’s bring more popcorn and coke to enjoy the show. It’s a rare and limited edition movie.:

Its all optics..

You can say you make tons of money...

In reality, its unverified.. just stick to facts. No one will believe how much money you made. Its all purely self gratification measure.

In psychology terms.. its called "unfulfilled dreams" when you have to brag about how good you are..

Who knows, the next Id posting here can claim he is Elon Musk.. does it give lend him more "truth" to what he says.

LOL.... insane comment from paid promoters again....

SIR is not important?? Not Relevant?? Nexia can close accounts without SIR??

If this is workable, every listed company that faces audit issue with current auditors, just fire them and change a new one..

Walah.. problem solved...


What a joke!!!! hahahhahah

EY will never ask KPMG or SD to clarify “Any” issues.

It’s not within their job scope.

Clarify is the job of KPMG/ Nexia with SD as their past and present auditors, EY is NOT.

That’s what SD is trying to mislead.

SD owners at last day of trading... All stuck except EPF and PNB... good job to those 2..

https://www.msn.com/en-my/money/stockdetails/ownership/kls-serbadk/fi-alai5r?ownershipType=institutional


Institutional Ownership

15.67%

Top 10 Institutions

14.53%

Mutual Fund Ownership

6.96%

Float

48.53%

That is a big float of 48.53% ready to run if SIR is bad.. see who is fastest.....



Institution Name Shares Held
(% Change)
% Outstanding
Kumpulan Wang Persaraan (Diperbadankan) 168,851,006(-0.71%) 4.53
State Financial Secretary, Sarawak 126,000,000(0.00%) 3.38
Lembaga Tabung Haji 51,945,500(+1.39%) 1.39
The Vanguard Group, Inc. 38,659,276(+0.49%) 1.04
Public Mutual Berhad 36,450,290(+0.66%) 0.98
Principal Asset Management Berhad 31,040,400(-0.16%) 0.83
BlackRock Institutional Trust Company, N.A. 30,072,210(+0.08%) 0.81
AIA Bhd. 26,960,190(-4.47%) 0.72
Great Eastern Life Assurance (Malaysia) Berhad 17,486,700(0.00%) 0.47
Dimensional Fund Advisors, L.P. 14,047,070(0.00%) 0.38
Mellon Investments Corporation 6,984,900(+0.01%) 0.19
Eastspring Investments Berhad 6,155,130(-0.03%) 0.17
Principal Asset Management (S) Pte Ltd 5,884,900(+0.16%) 0.16
BlackRock Advisors (UK) Limited 4,988,850(+0.00%) 0.13
California Public Employees' Retirement System 2,618,930(+0.03%) 0.07

You dont understand us..

Its a battle Good vs Evil

You are standing in Evil Corner.

Its up to us to destroy you to save mankind.. Karma will reward us and punish people like you.

Back to a more serious note:

100% of anti-SD forum member has NONONONONONONO intention to buy SD or SCIB or KP shares for long term investment. Swing trade yes.

1) The management is crap
2) Accounts not trustworthy
3) No respect for established rules and institutions.

And SIR report already set in stone cos Bursa as a copy.... it cannot change, positive or negative


Honesty People just dont waste their time here talking fake negative news and pessimism comment UNLESS they are interested in joining the gang with a cheaper price !!

Your strategy is really a bad one now with the suspension!! Do you think the share will re-open out of a sudden without the SIR result??
Please la dont be naive and waste your time talking to an empty room!!

Between, with all the time Serba have now without worrying a dip in share price, dont you think they will iron out a positive SIR??
Please la again grow up !! We all know what is the outcome of this privilege timing ~~
29/10/2021 10:30 PM

Depeche Logically speaking. It's unthinkable that Karim will fold his billion ringgit empire.... cos he won't be able to get the biz community and banks to trust him ever.... so he should be focusing on getting the SiR and AR right and don't get into the same mess ever again.
29/10/2021 8:16 PM

That is right..

But desperate people dont follow logic. Ask Bernie Madoff or Elizabeth Holmes. Study their trial.

Now its pure self-preservation time for Chef Karim.

You jump, I dont jump scenario.

https://themalaysianreserve.com/2021/10/29/serba-dinamik-says-it-will-continue-to-execute-agreed-contracts/

This statement below taken from above article is misleading.

"The group also assured stakeholders that the Board is currently communicating with Bursa Malaysia Securities Berhad, Ernst & Young Consulting Sdn Bhd and other relevant authorities to resolve the issue."

Point:

1) There is NEVER a need to communicate with Bursa or EY. The SIR findings are final. Only for SD to decide whether to release or not

2) Delay weeks, months or years, SIR report stays the same. It will not change. SIR IS NOT AUDITING REPORT and UNCHANGEABLE!!

3) SIR is a report to either agree or disagree with KPMG findings. IT WILL NEVER CHANGE.

4) Communication only happens between SD and their auditor during normal Auditing process. Auditor find something weird, SD will communicate and resolve it.

To resolve this impasse, release the SIR report since it cannot be changed.

The more SIR is delayed, the more problem it will create for the 3 brothers. Cash flow immediately affected. Banks will NEVER tolerate this behavior.

If Karim is genuine, no worries

if he is not, then plenty to worry about

His recent actions in selling SD warrants, SCIB and KP stocks doesn’t really inspire confidence. Bad optics

Another week is gone.

The feeling of being “Shafted” is bad

Looks like SIR will be buried forever….

Hopefully SD grows a conscience and release it…

Good or bad, they have a duty to their investors.