The "someone" does not have insider information. It's all hallucinated information.

Sec 9(1)(a) of the Mental Health Act 2001 is more appropriate.

Section 9. Admission of voluntary patient into psychiatric hospital.
(1) A person may be admitted to a psychiatric hospital as a voluntary patient—
(a) upon his own request;


Huangbk72 Section 188 of CMSA - Insider Trading

Insider trading or dealing is the purchase or sale of a company's securities effected by or on behalf of a person with knowledge of relevant but non-public material information regarding the company that may affect the price of the company's securities (price sensitive information) if made public.

This is related to claims that :

1) Bursa has SIR results and not releasing it for public for the past 3 weeks.
2) EY has cleared SD of audit issues and "someone" here claimed to have the report.
13/09/2021 4:13 PM

I think Sslee is in the Chinese embassy now. Filling up the form for PR in Meizhou.


stockraider I think if u want migrate back china...quite easy...China has designate Meizhou...as an area to accept foreign chinese back to china to stay, if they are interested loh!


Posted by Sslee > Sep 13, 2021 4:22 PM | Report Abuse

Haha,
After multiple efforts by leaders across the Indian political spectrum, a pseudo-citizenship scheme was established, the "Overseas Citizenship of India", commonly referred to as the OCI card. The Constitution of India does not permit full dual citizenship. The OCI card is effectively a long-term visa, with restrictions on voting rights and government jobs. The card is available to certain PIOs, and while it affords holders residency and other rights, it does have restrictions, and is not considered to be any type of Indian citizenship from a constitutional perspective.

Maybe I should lobby CCP to give person of China heritage/either of their parents/grandparents/great-grandparents were born in China "Overseas Citizenship of China" so that I can Balik Tongsan. I like Hainan Island.
13/09/2021 4:43 PM

Each case will be unique.

Ask Insas to shave RM2M annually from their directors fees and use the money as legal fees to help the stateless children.

When the children become citizens, Insas/Inari can hire them to work in the factories instead of having such high proportion of foreign workers.



leno to psai :
they will straight lock up the kids in detention center.
if u bring up the constitution.

to sslee :
malaysia no dual citizenship,
but one collegue of mine
a famous fb specialist lady married to british husband,
accidentally reveal her 2 children holding british and malaysia passport.
both born in UK, yet can get 2 citizenship.

Whereas, before this, the law say malaysian mothers cannot give citizen to kid born outside malaysia with foreign husband.

Why double standard ?
Again, the lady specialistis is a malay.
Other is chinese, or indian malaysia mothers.
13/09/2021 4:37 PM

Your neighbor's children ought to be deemed citizens by operation of law under Article 14(1)(a)(b) of the FC.

If your neighbor got married only after giving birth to their children, they will be caught by Section 17 of Part III of the Second Schedule - illegitimate children have to take their mother’s citizenship.

Section 17 is an example of laws that discriminate based on gender.

Has your neighbor tried to apply for citizenship for their children via any of the following?:
Article 15A of the Federal Constitution
Section 1(e) of Part II of the Second Schedule
Section 4 of the Legitimacy Act

(Sslee: these cases will be interesting for you to champion when you decided to be called to the Bar)


Under Article 14(1)(b) of the Federal Constitution, every person born after Malaysia was formed is deemed a citizen by operation of law, if they fulfill any of the conditions in Part II of the Second Schedule of the Federal Constitution.

PART II CITIZENSHIP BY OPERATION OF LAW OF PERSONS BORN ON OR AFTER MALAYSIA DAY

(a) every person born within the Federation of whose parents one at least is at the time of the birth either a citizen or permanently resident in the Federation; and

(b) every person born outside the Federation whose father is at the time of the birth a citizen and either was born in the Federation or is at the time of the birth in the service of the Federation or of a State;

(e) every person born within the Federation who is not born a citizen of any country otherwise than by virtue of this paragraph.


PART III SUPPLEMENTARY PROVISION RELATING TO CITIZENSHIP

17. For the purposes of Part III of this Constitution references to a person's father or to his parent, or to one of his parents, are in relation to a person who is illegitimate to be construed as references to his mother, and accordingly section 19 of this Schedule shall not apply to such a person.


Article 15A of the Federal Constitution (Special Circumstances)

The Federal Government may cause any person under the age of twenty-one (21) years to be registered as a citizen in such special circumstances as it thinks fit.

Such application must be made by the parent or guardian who is relative to the person to be registered.



leno his wife got no birth certificate,
because her mother lost hers.
living in remote area,
with department more than30 days by boat,
they can do nothing.
At the end, she could only get a green ic by herself.

Whereas, He is born in malaysia,
a malaysian with malaysian ic, birth certificate,
with valid married certificate,
but NRD refuse to give citizenship to all his children.
Because law say must follow mother.

Zakeer naik follow whose mother leh ?
13/09/2021 9:31 AM

Under what conditions did your neighbor's kids became stateless?

leno

My neighbor, a malaysian
but all his kids are stateless
still no ic after applying for 20 years.
Why ?
Because they are chinese.


13/09/2021 9:30 AM

Are you, as a MIC member, calling UMNO names now?

Thought TF painted AA's planes blue not long ago.

https://i.malaysiakini.com/1260/dedc4b3170fe3775c4eecdf74022ba2d.jpeg


DickyMe "He's saying Air Asia's death is certain. Don't waste time and money to delay."
===============================
LOL.

This is how typical UMNO bangsats twist words to appear one up!
12/09/2021 9:36 PM

He's saying Air Asia's death is certain. Don't waste time and money to delay.


i3lurker are you saying that those people who travel will also regret on their deathbed while entire family is dying from covid?



Posted by DickyMee > Sep 12, 2021 8:22 PM | Report Abuse

According to Steve Jobs’ biographer, Walter Isaacson, the Apple mastermind eventually came to regret the decision he had made years earlier to reject potentially life-saving surgery in favor of alternative treatments like acupuncture, dietary supplements and juices. Though he ultimately embraced the surgery and sought out cutting-edge experimental methods, they were not enough to save him.

--------------------------------------------


DickyMe Steve Jobs knows that death is certain so why waste money to delay death. Wise decision.
12/09/2021 7:45 PM
12/09/2021 9:24 PM

Sslee,

I am not retired yet.

Was just happy to see your big CNY gathering.

p.s. You really like red don't you? A Bangla man dressed in red will give you a massage with happy ending on your next AA flight.


Sslee Dear PSAi3alert,
You are welcome.

If you love someone, set them free. If they come back they're yours; if they don't they never were.

This one send by my whatsApp group on life after retirement:
https://klse.i3investor.com/blogs/Sslee_blog/2019-02-24-story194771.jsp
12/09/2021 4:05 PM

Sslee,

Thank you for sharing.


Sslee https://klse.i3investor.com/blogs/Sslee_blog/2019-02-01-story-h1456985172-Happy_Chinese_New_Year_to_i3_community_GONG_XI_FA_CAI.jsp

This one how I spend my CNY
12/09/2021 2:21 PM

Go to the Bangsar market and you will see a lot of old people there. Talk to the guy selling fruits and he will tell you interesting stories about everyone's background. A common sad truth is that a lot of them have children who have migrated overseas. And very few of those children will send money back to pay for their parents living needs.

Years ago, there was an old couple who lived alone. Their two sons never visited them. The old folks were cared by a hairdresser and a bank officer in the neighborhood until they passed on.

The old couple's lawyer revealed the following willed distributions in their estate:
- shoplot and cash to be transferred to the bank officer
- house and cash to be transferred to the hairdresser
- their house to be converted to a church
- RM1 to each sons

Obviously the two sons challenged the will in court. The sons lost.

The house is now being used as a church.


leno The country is rotten.
So many white ants are eating off the house.
Better move out,
go build a new home on a new land.
Be part of a new better country.
12/09/2021 11:22 AM

Leno,

I'm talking about 20 years from now. You will probably be sent to a scam retirement home such as those run by Aveo.

Whereas, Sslee in Malaysia might be invited to stay with his children in an extended family arrangement.

Alternatively, Sslee can check into an Air Asia retirement village staffed with red hot stewardesses. He will think that he's getting daily massage with happy endings by red hot stewardesses. Unfortunately he will be doped with some much benzodiazepines that he will never realize that those red hot stewardesses are actual Bangla men.


https://www.malaymail.com/news/malaysia/2017/06/27/malaysian-billionaire-under-scrutiny-in-australian-retirement-home-scandal/1407969


leno to psai :

Children filial got nothing to do with where we stay.

Old folk home ?
No, i am not going to migrate to stay in old folk home.
Wat fak are u smoking man ?
11/09/2021 1:42 PM

Is money spent on air tickets, that will never be refunded, considered wealth?

I think it's not wealth for you. It's wealth for TF who has converted the money into a Tesla and Bombardier private jet.


Sslee Just a gentle reminder on the value of money:

錢，只有花掉的那部分才是真正屬於你的財富
就算家財萬貫，生時捨不得吃、捨不得穿，倆眼一閉，剩下的錢你知道誰花了？冤不冤？這世上最痛苦的事，就是人走了，錢沒花完。

English translation:
Money, only the part that is spent is the wealth that truly belongs to you.
Even if you have plenty of money and if you are so stingy to spend it on yourself then when you pass away do you know how the rest of your money will be enjoyed or wasted away by whom? Isn’t that injustice to you? So my friend the most unfair and pitiful thing in the world is leaving this world without spending and enjoying life with your hard earned money.
11/09/2021 12:40 PM

An issue with Australia is that you cannot afford to have full time domestic helper or driver.

And after awhile, children will lose filial piety traits. You will end up in old folks home.

I know a couple, probably around 80, who will be returning to Malaysia. Their house is being rebuilt with 3 storeys, lifts, etc.



leno yup .. rich can have good life anywhere.

But leno prefer leno children live elsewhere.
After visiting and stay at other countries,
singapore, taiwan, china, brisbane, sydney, melbourne, perth, new zealand,
and feedback fromso many friend and relatives who migrated,
not even one want to come back,

if u got option,
if u can afford it,
if u can choose or prepare,
just move elsewhere.
11/09/2021 10:36 AM

10km in 1 hour is quite good timing.

Makes sense to get PR-ship before your children go to college. Basic degree with Masters is about RM1M for foreign students. Medicine is an additional RM1.5M.

With the savings in education fees, you can buy a house in Bali to escape the harsh weather months in Melbourne.

Visit Stoke House and De Bortoli and you might change your mind.


leno on day 11 training
yesterday 10 km in 1 hour
a 9 round of 1.1 km difficult route
so far so good.

Definitely going to buy a home at western australia.

Melbourne 10+ hours flight, too far.
Weather is crazy.
In 1 day from 2 degree can shoot up to 42 degree,
then rain, wind gust, follow by nice weather.
Too extreme.
10/09/2021 7:23 PM

I have tried AA only once and hated the experience. It was just too mercenary.

I was forced to pay for baggage charges on the return flight, although everything has been paid for the round-trip tickets. The station manager gave a lame excuse that he is not able to contact HQ's call center to confirm the said payment.

Just prior to boarding, I bought a blueberry muffin from a Starbucks store. And that muffin was not allowed to be carried onboard. My wife saw how I looked and knew that it was the last flight ever on AA.

Now it's just MA for flights out of Malaysia. I have the Citibank Prestige card that comes with the Passport card that allows access to all airports in the world.

And the Maybank2 Premier cards enable the fastest accumulation of points for conversion to Enrich miles. I paid only about RM3,000 and Enrich points for 2 return business class tickets to London before Covid. The 1-week rental for a Merc E300 actually costed more at RM5,000.

Yes, money is not money if it's not spent.


i3lurker When you make a lot of money everyday you do not mind spending money.

Frankly to say I hate Air Asia is just not true.
I had never ever travelled Air Asia before
and do not intend to use Air Asia ever for the rest of my life.
Just do not know anything about Air Asia to hate.

There was 1 day my secretary popped in to tell me she booked Air Asia flight for me, I just stared at her coz I was writing a report and was thinking.
She thought I was angry and popped in later to tell me she rebooked me on MA flight and cancelled Air Asia, I also just stared at her.
Did not bother ask her about the burned Air Asia booking money.
Its a small matter, and I guess she also knew it.
Like I said "When you make a lot of money everyday you do not mind spending money"


=> Those people crying, cursing and swearing on websites need their refund money.
10/09/2021 11:22 PM

Leno,

How's your marathon training. Trust you and family are keeping well. Perth is waiting for you.

"I find hope in the darkest of days, and focus in the brightest. I do not judge the universe" - Dalai Lama


leno already sailang all in
asset, earning and growth
3 in 1 , 1 in 3
net cash RM 900 million
own 543 million inari share
i3 members should take position
as much as possible.
10/09/2021 6:57 PM

keown83,

1) Lessors' interest rates are 7-8% per annum. Just the interest alone will cost AA RM100M per month, a lot more than the RM71M burn rate. Maintenance provision/payables are also huge for leased planes.

2) MAHB and AA are separate entities. Why should MAHB accord special rates for parking to AA?

And in case you forgot the special relationship:

https://www.scmp.com/week-asia/economics/article/3019214/airasia-owes-malaysian-airport-operator-millions-dollars-unpaid

3) & 4) All grounded planes need to pay parking charges and require maintenance - national airlines or LCC airlines. The Bombardier private jet that is used exclusively by TF & Co also need to pay parking charges and maintenance, and the benefit-in-kind has to be reported to IRB.


keown83 @PSAi3alert
1. Most AA's fleet is a leased from several lessors (~80%), Etihad owned most of their aircraft
2. Parking charges is all depend on the airport where they park their fleet. We can't make a direct compare simply like that with other airline in other country with other airport operator. MAHB is a GLC, while AA has closed relation with government. they have enjoyed lots of benefit when it comes to airport services for airliners, i think they enjoyed the most compare to other small players
3. Etihad is like MAS, both a government-arm of commercial air travel services
4. if u want to compare, compare Etihad with MAS
10/09/2021 6:37 PM

Grounded planes are costly to maintain.

Parking is USD1,000 per day. So a fleet of 200 aircraft will need to pay RM25M per month for parking charges.

There are also a lot of costs involved in maintaining the planes.

Unless Tony just throw the keys to the 'jaga kereta' guys and ignore those maintenance requirements that have been explicitly stated in lease agreements.


https://www.bloomberg.com/news/features/2020-04-16/coronavirus-travel-what-happens-to-planes-grounded-by-covid-19

"Abu Dhabi-based Etihad Airways PJSC said its engineers are working around the clock maintaining its grounded fleet, a process that includes running engines and powering up aircraft, checking flight controls, and covering sensors and engines to protect inner workings from sand and dust. About 200 staff per shift clean plane cabins in hangars, from replacing seat covers to shampooing carpets, according to a video on the airline’s official Twitter account.

Tires also need attention. Qantas Airways Ltd. said all planes from Boeing Co. 737s to Airbus SE A380s need to have their wheels rotated — by being towed on the tarmac or jacked into the air to be spun — every one to two weeks, while hydraulic fluid is put on landing gear to protect against rust. Giant silica moisture absorption sachets are also put inside engines to keep them dry, while all external holes on the fuselage are covered to block insects and nesting birds."


i3lurker sslee

You need to ask yourself
(please dun ask him)

how does he calculate the monthly cash burn?

kakakakakakaka?

is it after refusing ticket refunds?
(means net of incoming ticket refund refusals considered as cash in)
(how much money does he expect to grab from refusing ticket refunds?)

and without any lease payments?
and without any deferred salaries?

and without paying airports?
and without calculating free shares?


kakakakakakakakaka


Posted by Sslee > Sep 10, 2021 10:35 AM | Report Abuse

Management clarified the current monthly cash burn at only RM71m. Back of envelop calculations indicated the equity fund raising exercise will not be able to address its current negative equity position of -RM2.3bn as at 1HFY21.
10/09/2021 12:47 PM

Is it considered 'Digital Rape'?


i3lurker there is no new funds

that means the Suiyee Sucker Bilis with grabbed refunds got semburit.

that also means existing share holders got semburit
due to "extra 13 Billion shares" being dumped at 10 sen
10/09/2021 2:31 PM

You like random quotes? Me too.

Here's a random quote:

“I am painfully aware that I have deeply hurt many, many people.” - Bernard Madoff -


pearlwhite .

Hmmm, bold move. The anti thesis of "win the battle, but not the war".
10/09/2021 4:44 PM

But pearlwhite said Serba has RM2.7B in cash; and that post balance sheet events, 'few remittance advice' and snapping fingers will take care of the un-audited asstes issues.

Pearlwhite also insinuated that he is Ananda Krishnan.

(I'm lost on pearlwhite's Taliban story...)


leno u have to take over the debt.
sebak is not viable anymore.
un-audited assets, is un-audited assets.

Whereas The DEBT is REAL.
Unaudited also mean,
there may have hidden DEBT as well.
10/09/2021 4:33 PM

The article of Cheah Chor Sooi of Focus Malaysia is based on opinions of a 'market observer' and you, pearlwhite, have twisted the PR piece further into a fake news that the BOD is ready to take the company private.

Really? Snap fingers? Like Alice in Wonderland?


pearlwhite .

Can the BOD of SD snap their fingers right now and do it? If so, it means that they have done their homework/paperwork and have the financial backers on standby.


Will Serba’s major shareholders ever consider taking company private?
https://focusmalaysia.my/will-serbas-major-shareholders-ever-consider-...
10/09/2021 4:07 PM

OMG! Pearlwhite is Ananda Krishnan?

All along I thought I have been talking to a toothpaste.


josephn Lol, pearl is Ananda Krishnan, owner of Maxis, Astro and Armada.
10/09/2021 3:30 PM

pearlwhite,

You're effectively saying a unicorn exists. And it's a negative event. It's not up to me to prove a negative. The burden of prove is on you to show evidence of the existence of unicorn.

Let's come back to the plant in Tanzania.

Can you please show evidence that as at 2.00 pm 10th Sep 2021:
- the plant in Tanzania exist
- Junaco (T) Limited is now solvent
- Sufini Holding Ltd's licence is now renewed

Please do not digress and please do not talk about hypothetical events.


pearlwhite .
Stop implying. These were 1 one the reasons why your analyses were dismissed as being not up to "auditing standards". Its a static. I do understand that at your position, your access and efforts to obtain further details may be curtailed somewhat, hence I would say "this is as far as it goes".

You can imply this quote of mine however you wish, but I believe that there was a infamous quote somewhere from some Malaysian i.e.

"He looks like me, He sounds like me, but I don't think its me".

Thanks.

PSAi3alert pearlwhite,

So, it's now a 'few remittance advice' to cover receivables from projects that do not exist?

You do realize the implications of your allegations on disconnected money flow, don't you?!
10/09/2021 1:35 PM

pearlwhite,

So, it's now a 'few remittance advice' to cover receivables from projects that do not exist?

You do realize the implications of your allegations on disconnected money flow, don't you?!


pearlwhite .
I didn't suggest anything nor specify the project details.

All I wrote were "'few remittance advice", which you correctly quoted.

10/09/2021 1:13 PM

pearlwhite,

Your post balance sheet event suggestion may work after a reporting period but before the financial statements for that period have been issued.

Let's talk about a specific project - the 45 metric tonne per day Chlorine Skid Mounted Chlor-Alkali Plant in Tanzania

--- Funds Used in the Tanzania Project ---

Serba's 31 Dec 2019 Financial Results showed that RM111.113M was used in the Tanzania project
Utilisation of Proceeds from Private Placement on 30 January 2018

Details of utilisation of proceeds: Working capital for the EPCC work in Tanzania
Actual Utilisation: RM 111.113M


--- Income recognized from the Project ---

The total income recognized from the Tanzania project is RM194.813M and comprises:

FYE 2018: RM29.82
FYE 2019: RM104.02
15 months ended 31-03-2021: RM60.973M

1) As at 10th Sep 2021, Google Map's satellite image of the site (Msufini Area, Mlandizi Ward, Kibaha District, Tanzania) is still showing that it is still a piece of empty land. Nothing has been developed and there is no equipment at the site.

2) Junaco (T) Limited and the directors, Justin Lambert and Vedastina Lambert remain insolvent and does not have any assets to satisfy judgment debts owning to numerous claimants in Tanzania.

3) In July 2019, the African Development Bank issued a request for expression of interest for Consulting Firms to be the Lenders’ Technical Advisor (Consulting Firm) for the construction and operation of Chlorine Chlor-Alkali plant in Tanzania. The services to be provided under the Assignment included: "Development of 45 Mtpd (over 16, 200Mtpy) Chlorine Chlor-Alkali plant in Msufini area, Kibaha district coast region of Tanzania." This request invariably suggest that there is no existing Chlorine Chlor-Alkali plant in Msufini area, Kibaha district coast region of Tanzania as at July 2019.

4) the JV company that owns the plant in Tanzania is Sufini Holding Ltd (CBLS No 11545098 BL local no 000001141). Sufini's business license has expired as at 19th Feb 2021.


Are you now alleging that:

--->>> RM111.113M was actually transferred to Sufini Holding Ltd as working capital for the EPCC project in Tanzania

--->>> The receivables totaling RM194.813M as at 31st March 2021 for the Tanzania have ​been paid by a few remittance advice from unknown entities; for products/services from a non-existent plant; to Sufini with expired business license?

--->>> And you personally seen evidence of the 'few remittance advice' to settle the receivables for the Tanzanian project

-
pearlwhite .

Thanks. Appreciated the previous analyses and work done by you too. But I do not consider them up to the threshold of "auditing standards". But to each their own. You may be from another industry. I understand that.

Your work was very good, but all was dismissed by a few remittance advice (as far as customers/vendors were concerned).

If you have further details you wish to share or additional work done, feel free to share them. I would be more than glad to have a look and revert with ways to move it forward.



PSAi3alert So, your analysis and information is based on your 'EXPERIENCE dealing with SIR with Bursa/SC/Bukit Aman' on some other company. And that EXPERIENCE is unrelated to Serba.

Well, that's not insider information. It's your hallucinated information.
10/09/2021 9:14 AM

pearlwhite has imagined that Serba's cash and cash equivalents now stands at RM2.7 billion.

There's no need to raise cash to redeem the RM1.7B bond due next year.

The company can just redeem the RM1.7B bond now trading at 40% of face value.

Just pay RM680M from cash balance and book the RM1.02B as negative interest expenses (negative interest expense means positive interest income).

pearlwhite's out-of-body EXPERIENCE with Bursa/SC/Bukit Aman/World Bank/BNM/Air Asia's digital bank will confirm the existence of the RM2.7 billion.


Huatexpert Serbak can get cash call to raise RM 1 bil from market with issue RM 0.30 price with right issue 1 for 1 can raise more than 1 bil from the market to redeem bond expire next yr ..
Serbak can consider this option if the SIR and QR drag till it has difficulty to issue new bond and get more borrowing fr the market and banks...
09/09/2021 10:20 PM

So, your analysis and information is based on your 'EXPERIENCE dealing with SIR with Bursa/SC/Bukit Aman' on some other company. And that EXPERIENCE is unrelated to Serba.

Well, that's not insider information. It's your hallucinated information.


pearlwhite .
Yes correct, based on the experience dealing with SIR with Bursa/SC/Bukit Aman, all noted in the word document and/or excel and the printed to paper.

Obviously, it will be on my hand if I am holding it.

>>> This information is now what I have at hand. <<<
09/09/2021 5:42 PM

pearlwhite

When did I say I have insider information? Yes, I did say I have information/proof based on my experience dealing SIR with Bursa/SC/Bukit Aman. That is all I said. I didn't say I got it or heard it from so and so.

How can I be giving insider information?

And like you said, that will be determined by public procecutor.

09/09/2021 5:26 PM

'O, what a tangled web you weave'


pearlwhite When did I say I have insider information? Yes, I did say I have information/proof based on my experience dealing SIR with Bursa/SC/Bukit Aman. That is all I said. I didn't say I got it or heard it from so and so.

How can I be giving insider information?

pearlwhite .
Thanks for highlighting this. This is a great example for which I can use.


Findings (Sufficient, appropriate and complete evidence have been obtained).

a) Receipts of payments from customers and agreed with BNM receipt disclosure
b) Office/Project/Site location, with project progress and pictures. Visitation was done. Customer contact was done.
c) Confirmation of balances by Customers
d) Sighting of assets/equipment where applicable

>>> This information is now what I have at hand. <<<

On your a), b) and c):
The information is gathered from publicly available information such as Google maps, grounds of judgment from Courts, licensing authorities, company searches with the SSM equivalent, etc. All sources have been cited.

On your d):
Johan did not say wrongdoings have not been found. More importantly, actions for wrongdoings are by the public prosecutor.

On the other hand, you have stated that you have complete evidence to proof that SD is cleared of any wrongdoings. And the information that is in your hand now is non-public insider information.

So, pearlwhite, are you publishing insider information?


pearlwhite .

a) Does it mean taking images from google maps to say the office/project/ site is "unverifiable and uncrediable or dubious" is not fake news?

b) Does it mean taking publicly available information from Annual reports and conducting your own research and presenting them as "unverifiable and uncrediable or dubious" is not fake news?

c) Do a) and b) methodology mean that "obtaining sufficient, appropriate and complete evidence" has been conducted?

d) Does it mean that when "Johan come on record to say INED will take action if any wrongdoings are found" before SIR is announced is disclosing inside information?

3 examples above are criminal offences

pearlwhite,

You are either spreading fake news or disclosing inside information prior to release to Bursa.

Both are criminal offences.
09/09/2021 3:08 PM


pearlwhite .
Thanks for highlighting this. This is a great example for which I can use.

Yes, I did fault SD at that time and now, since that date and with the SIR finalised more than 2 weeks ago, that has now changed, with new information at hand.

And now I fault KPMG. Where did I fault KPMG? Apart from the process, I also fault on their "obtaining sufficient audit evidence"

I shall use 1 generic example that you have previously highlighted. No names.

Generic example.


--->> YOUR FINDINGS AND INFO ARE NOT VERIFIABLE USING PUBLIC INFO

Findings (Sufficient, appropriate and complete evidence have been obtained).

a) Receipts of payments from customers and agreed with BNM receipt disclosure
b) Office/Project/Site location, with project progress and pictures. Visitation was done. Customer contact was done.
c) Confirmation of balances by Customers
d) Sighting of assets/equipment where applicable

This information is now what I have at hand.

PSAi3alert
Your posting on 19th July 2021 4:28 PM has already provided answer to your 'Tell us where SD went wrong' question.
09/09/2021 2:18 PM

pearlwhite,

You are either spreading fake news or disclosing inside information prior to release to Bursa.

Both are criminal offences.



pearlwhite .
Thanks for highlighting this. This is a great example for which I can use.

Findings (Sufficient, appropriate and complete evidence have been obtained).

a) Receipts of payments from customers and agreed with BNM receipt disclosure
b) Office/Project/Site location, with project progress and pictures. Visitation was done. Customer contact was done.
c) Confirmation of balances by Customers
d) Sighting of assets/equipment where applicable

This information is now what I have at hand.

PSAi3alert
Your posting on 19th July 2021 4:28 PM has already provided answer to your 'Tell us where SD went wrong' question.
09/09/2021 2:18 PM

Sslee,

You'll buy first and attend all AGMs and EGMs after buying and you will ask Tony:
- why aren't the tires of the grounded planes rotated on a scheduled basis
- how come plane engines have so much bird poo
- are the number of peanuts and ikan bilis the same for each packet of nasi lemak
- what's the company's policy on LGBTQ for hiring flight attendants and pilots
- why so much receivables have been written off
- why so much LTIS and SGS are being issued

And because you cannot get the answers, you will keep buying. Until you become a majority shareholder just prior to delisting.

Since you have not done the above, I don't think you are trying to buy low.

Sslee And you condemn when you want to buy low.
So am I trying to buy low?
09/09/2021 1:19 PM

pearlwhite,

Your posting on 19th July 2021 4:28 PM has already provided answer to your 'Tell us where SD went wrong' question.


Posted by pearlwhite > Jul 19, 2021 4:28 PM

.
YES, KARIM KNOWS THE OUTCOME. THAT IS WHY HE SUE KPMG FOR AUDIT PROCESS NOT SUE ON DISPUTED RM3.5 BILLION TO RM4.5 BILLION.

IF KARIM SUE TO SAY RM4 BILLION IS GENUINE, SD CAN FLY. BUT KARIM SUE ON PROCESS!

THE ANSWER IS OLEDI KNOWN. EY WILL MERELY CONFIRM KPMG RESULTS.

THERE WILL BE FINES, READJUSTMENT TO PRIOR YEAR ACCOUNTS STARTING MAYBE 2014 ONWARDS, ETC.


19/07/2021 4:18 PM



pearlwhite .

People don't realise when Karim shares is "forced sell", you wouldn't be looking at 30 sens, 20 sens. You are looking at below 10 sens since 1 billion shares will be offloaded and you have 100% market floated shares.

All those pointing out that 30 sens is coming did not do their homework properly and analyse the situation factually.

Many are making baseless emotional posts. If SD did wrong, I will post facts and how they did it wrong. If they did right, I will post facts and commend them.

Yes, you might have noticed that I have been commending them because they did alot of rights and KPMG did a lot of wrong, apart from the dark forces.

Yes, everyone entitled to opinions, but If you cannot have facts (even if you misinterpreted wrongly) put up here, better not post.

I am more willing to listen or read in this case, as to how SD did wrong and up to today, SD keep making more wrongs.

Still harping on issues on 31/3/2021. Don't tell me until today, issues in 31/3/2021 still stands?

If you have experience dealing with SIR/Audit in general, please share them out here. Tell us where SD went wrong.
.
09/09/2021 12:08 PM

i3lurker,

Don't think the guy has Deep Throat inside knowledge.

The ChunToi has Helsinki syndrome now.


Posted by TianChoi1 > Apr 8, 2021 8:02 AM

Don’t be sad. It is only business. If AA is folded up, I am sure there are others low cost carriers to fill the gap. Maybe we the consumers will benefit even more.
Nothing to worry.


Posted by TianChoi1 > Apr 7, 2021 11:24 AM

oct-dec 2020 results - 2.5 billion lost,
Sales Revenue dropped 92% to only 267.4 million for 2020,
lease liabilities 12.7 Billion including deferred aircraft leases 1.5billion meaning AA cann't pay the aircraft lease for 2020 still owing 1.5billion just for 2020

For those who have brave hearts who keep AA share, i salute you!! Happy Investing. Don't be BTC in hokkien in investing.


Posted by TianChoi1 > Apr 6, 2021 11:08 AM

the signs are there.... 1) cann't pay the plane lessor since 2020 .only make partial payment to the lessor .not full amounts 2) .find it difficult to refund the amount to all the customers ... lists go on ..........


Posted by TianChoi1 > Apr 6, 2021 10:26 AM

always check the company cash flow in any business before u buy. Just like buying a house. u always check whether your developer has the means to finish the projects. be a smart investor. don't throw away your hard earned money. Always do your homeworks.


i3lurker psai3alert

=> Looks like this guy has Deep Throat inside knowledge <=

Looks like this guy can confirm that Income Taxes were not paid.
Total compounds will be easily more than RM100 million.

so looks like your RM10 million Reward Money is guaranteed.

Get ready to spent your RM10 million Reward Money...



Posted by TianChoi1 > Sep 9, 2021 7:27 AM | Report Abuse

Dumb ppl. U guys never read? Rich ppl don’t pay tax. Like donal trump etc. U talk nonsense again.
Ha ha ha ha


Posted by PSAi3alert > Sep 8, 2021 11:32 PM | Report Abuse

AA will just buy the Tesla and let Tony use it for free. In fact, the Bombardier private jet was purchased from Caterhamjet Global Ltd (owned by Tune Group) for exclusive use by TF & Co.

Wonder if TF & Co is paying taxes for the benefit-in-kind (BIK) probably valued at RM8M per year? At the maximum 30% personal income tax rate, RM2.4M taxes per year ought to have been paid for the private jet BIK.
08/09/2021 11:38 PM
09/09/2021 7:37 AM

i3lurker,

Hahaha. I still want to stay in hotel rooms and have coffee.

If I were to get informer rewards, I'll donate all to not-for-profit hospitals for the B40/M40. Those hospitals are short of equipment and are running at losses.

On the other hand, profited driven hospitals are taking advantage of the situation. Have a look at IHH's recording breaking revenue and profit numbers. The costs for Cat2 Covid treatment in Pantai KL is RM200-300k. And may exceed RM400k if conditions worsen to ICU. The medicines will be the same. Favipiravir antiviral, Dexamethasone, Zithromax and Paracetamol.



i3lurker psai3alert

by the way if you turn informer to inform Income Tax, there is actually a huge reward,

The Reward ... its a very huge sum of money enough for you to retire and dun work anymore.
Then you can just post at 3 am in the morning...



Posted by PSAi3alert > Sep 8, 2021 11:32 PM | Report Abuse

AA will just buy the Tesla and let Tony use it for free. In fact, the Bombardier private jet was purchased from Caterhamjet Global Ltd (owned by Tune Group) for exclusive use by TF & Co.

Wonder if TF & Co is paying taxes for the benefit-in-kind (BIK) probably valued at RM8M per year? At the maximum 30% personal income tax rate, RM2.4M taxes per year ought to have been paid for the private jet BIK.
08/09/2021 11:38 PM

AA will just buy the Tesla and let Tony use it for free. In fact, the Bombardier private jet was purchased from Caterhamjet Global Ltd (owned by Tune Group) for exclusive use by TF & Co.

Wonder if TF & Co is paying taxes for the benefit-in-kind (BIK) probably valued at RM8M per year? At the maximum 30% personal income tax rate, RM2.4M taxes per year ought to have been paid for the private jet BIK.


https://www.theedgemarkets.com/article/low-cost-carrier-airasia-buys-luxury-jet-top-execs


krish52 come guys please make tony who is karma carrier risking your own investments. malaysian investors are very very good hearted and caring people. please make tony richer so that he need not rent the tesla but can own it.
08/09/2021 11:01 PM

Hmmm... I will choose neither but have yet to figure a way out.


i3lurker thats a no brainer
of course I will tell the murderer I will invest in both.



If a gun were to be pointed at your head and you will need to choose either Serba or Ass Asia to invest, what will your decision be?
08/09/2021 3:56 PM

i3lurker, Sslee,

If a gun were to be pointed at your head and you will need to choose either Serba or Ass Asia to invest, what will your decision be?

SIA cash and bank balances as at 30th June 2021: RM42,181.28M (S$13,650.9M)

Grab cash and cash equivalents as at 31st March 2021 : RM20,335M (USD4,900M)

AA as at 31st March 2021: cash RM447M, negative equity -RM4,190.5M (and a ChunToi holding a torch?)


SMGaspar Thank you TianChoi finally someone who walks with a torch! What is superbly magnificent is that the instant replay button if fully functional on this chat. In July AA was hovering around 0.8xx the sentiment and two cents opinions were the same, now at an elevated level still the same. This results in the equivalent of what is described in politics as a wonderful repertoire.

08/09/2021 11:05 AM

It's not about analysis, fundamental or technical. It's hope-based inspiration.

"TF build this on blood, sweat and tears. So I take it that this is a baby in a cradle that he keeps very close to." - SMGaspar

My quotes will not be as tear-jerking:

"Ask not what TF can do for you. Ask what you can do for TF"

"Fly like a cockroach, stink like a skunk"

"When the going gets tough, TF gets a Tesla"

"What refund? Pay who? For what? F you"


DickyMee His 1 is what analysis? Not fundamental, not technical.

------------------------------------------------------------------

keown83 @SMGaspar u shud become a politician
07/09/2021 3:16 PM
07/09/2021 3:27 PM

SIA was well prepared. Their cash position as at 31-3-21 was S$7.783B and shareholders equity was S$15.9B.

SIA will continue to exist as an airlines company. No diversification into mango, nasi lemak, etc.

Most importantly, no cheating of customers' monies and no F words in staff meetings.


Singapore Airlines

_______________________ 31-3-21 ______ 30-9-20 ____ 31-3-20 _____ 31-12-19
Cash & Equivalents _______ 7783M ______ 7058.5M ____ 2685.3M ____ 1571M
Total Equity _____________ 15905.9M ___ 15251.5M ____ 9314.1M ____ 12149.5M


alakapala Guys，try refer other country airline business, their quarter report really bad during pandemic, but after all their citizen receive vaccine and the flight continue embark their share price rise again back to normal range no matter how bad their quarter report shows, as you can saw on Air Asia, they are just like those other airline, do you really wish Air Asia go bankrupt ? How a gigantic multinational company goes into bankrupt just by showing bad quarter report ???? They still have their aircraft even if they don't have enough capital, currently they have receive quite a lot of finance injection from Hong Kong investor.
07/09/2021 12:06 PM

Errr.... how about the loyalty points that are supposedly usable in some ecosystem. Still valid for mangoes and nasi lemak?


i3lurker psai3alert

as usual you got it totally wrong again

if you use free cat meat its 100% Gross profit on the burger patties already.

once shoplot burger stall is closed, they can actually go looking for stray cats while keeping close lookout for police.

so within months ... its laughing all the way to the bank and of course angry customers who demand refunds will be dealt with in the usual manner.

1. ask for photocopy Mykad (can pass to Ah Loong later)
2. ask for witnesses.
3. ask for remaining sample of patties not eaten
4. ask for date, time and name of person serving.
5. ask for bank statement (can pass to Ah Loong later)

after 20 days can just close the refund demand case and refuse to refund any money

Negative RM5.58k means owing Ah Long RM5.58k

The average 2017-2019 earnings is only RM0.3k.

EI & DO items have to be excluded from earnings. Those items were profits from sale of the store and leaseback; selling of all tires from the store; etc have to be excluded.

In addition gas prices were particularly low in those years, going forward gas and social distancing costs will be high.

So 18.6 years (5.58/0.3) will be needed just to pay back Ah Long. And that's provided Ah Long does not charge default interest, rental step-up and liquidated damages.



DickyMee Ok la,I help you to fix your broken burger stall example:


Burger stall 2019 equity was RM2.91k

Due to Covid-19, in 2020 burger stall suffered losses, owe supplier and customer money and equity is now negative RM3.58k.

Estimated losses for 2021 is RM2k. So 2021 equity will be negative RM5.58k.


Based on 3 years average 2017 - 2019, burger stall can make RM1.18k a year. So burger stall need about 7 years to reach back equity of RM2.91k.
06/09/2021 11:01 PM

i3lurker,

Hahaha.

Only promoters in Serba threaten to kill. Wonder what happened to conpipi.

Scammers in AA will just try to confuse you.



i3lurker very obviously Macau Scammer here wants you to die...
why?

and thats why Macau Scammer die die die
and will do anything including but not limited to murder also will want you to buy today....
06/09/2021 4:17 PM

That was exactly what Rusdi Kirana did in starting Super Air Jet when Lion Air's problems are insurmountable.


Maxsuper ..... best solution is someone comes up with a new budget airline SPAC.... that would be great...
06/09/2021 9:23 PM

DickyMee

Negative equity of -4,190.522M as at 31st March 2021 simply means all shareholders funds gone and shareholders still owe RM4.19B to creditors.

In 31st March 2021, RM4.19B will have to be injected to get to 0 shareholders equity.

AA's auditor has already issued 'going concern' warning in Mid 2020.

The shareholders equity was -RM4.19B as at 31st March 2021. The negative equity position will only widen when Q2, Q3 and Q4 numbers are reported.

Clearly aircraft leases and maintenance provision/payables are the biggest liabilities.

'Hell or high water' clause is one of the cornerstones of an aircraft operating lease.

Rent and maintenance provisions have to be paid regardless of global pandemic. Airlines can try to argue force majeure or frustration but will certainly fail (see Salam Air v Latam, ACG Acquisition vs Olympic Airlines, Wilmington Trust SP Services v SpiceJet Limited)

Defaults in paying leases will also result in default interest, rental step-up and liquidated damages - and none of them will constitute a penalty (penalty clauses are unenforceable under English Law). See also De Havilland Aircraft of Canada vs SpiceJet Limited.


Total Equity -4,190.522M

Lease liabilities
The lease liabilities amounting to RM12.5 billion includes deferred aircraft leases of approximately
RM1.8 billion. The lease liabilities are supported by ROU of RM9.1 billion (net of impairment)
and finance lease receivables of RM1.0 billion (net of impairment)

Aircraft maintenance provision / payables
Current: RM445.9M
Non Current: RM5,237.1M

PSC payable to airport authorities: RM111.1M

Borrowings
Short term loans: RM846.6M
Long term loans: RM289.5M

Sales in Advance : RM908.448M
Loyal points redemption: Not stated. Off balance sheet or conveniently deleted?

The following review does not seem to be accurate. AA has a 1600 number. But the charge is RM 1.95 per minute

(Available from Malaysian telco – Telekom, Celcom, Maxis & DiGi
Charge: RM 1.95 per minute).


Can't seem to get a hold of any live…
Can't seem to get a hold of any live human to sort out vouchers. I has been several years since the start of the pandemic - air asia needs to look into investing into their customer support services.


i3lurker of course AA should sue this guy for calling Air Asia as THIEVES

https://www.trustpilot.com/review/www.airasia.com

THIEVES. Avoid like the new COVID-19 variant. No vaccine available for this.
My flight got canceled. It is a non-issue, and I am okay about it. AA has given me the chance to credit refund or move my flight. They gave me 25 days to do the processing. I did all that they asked of me by providing documents, ID, bank statements within 8 days. They did not respond. They straight up closed the case.
06/09/2021 6:27 PM

https://www.theedgemarkets.com/article/tung-shin-hospital-receives-rm615mil-worth-medical-equipment-creador-foundation-gpl-group

Around the same time when Tony buys an expensive toy, Creador foundation donates RM6.15M worth of equipment to Tung Shin hospital.

Creador Foundation’s founder and chief executive officer (CEO) Brahmal Vasudevan said that the objective of this initiative was to support established non-profit hospitals such as Tung Shin Hospital so that they are able to continue offering top quality services to their patients who are mostly from the B40 income group.

“Creador Foundation is committed to supporting causes that generate sustainable social impact for the community, in particular for those from lower-income backgrounds. We recognise that support like this is even more critical during times of crisis, like what we are experiencing now with the Covid-19 pandemic, which leaves those from lower-income households even more vulnerable to financial hardships,” he said in a statement today.



Sslee https://klse.i3investor.com/blogs/savemalaysia/2021-09-05-story-h15707...


His audacity to post on Instagram about his new “expensive toy” just goes to show how detached Fernandes is from reality – whether from a personal marketing standpoint or from a business branding strategy.

It is time Fernandes gets his head out of the clouds and brace for a hard landing instead. – Sept 5, 2021.

Julian Tan is a FocusM editorial contributor
06/09/2021 5:07 PM

Sslee is already making more than enough in Armada, upon your recommendation, to pay for roast duck lunch (RM800) and parking (RM350) at London Chinatown before coffee (RM150) at Harrods.

In days ahead, he will also make enough to cover 2 business class tickets to London. Recommended seats MH 3H and 3K.

In fact, his Armada portfolio may even pay for his BMW iX xDrive40 EV in due course.

There is only one caveat. If he were to ever board an AA flight again, the Ramunia curse shall be rained upon his EV. His EV will have 0.5HP, -630NM, speed delimited at 1km/hr and windshield wipers that will not work in the rain.


i3lurker most likely Space, EV, Chips and maybe even blockchain
these are all very hot now.

04/09/2021 12:16 AM