1 more step missing: convening of a general meeting

Only shareholders via a general meeting can vote on the appointment of directors

Sec 203 Companies Act 2016 Appointment of directors of public company to be voted on individually


pearlwhite .
focusmalaysia saying EY appointed today by executive directors. but executive directors cannot do it.

appointment and finalisation will be by ARC. But ppl assume that appointment done 2 week back. but that was subject to some conditions.

new ARC must approve those new conditions. But ARC only 2 ppl only...how to approve? format appointment and formal SIR cannot proceed because no audit committee (no quorum).

SD announcement going to say EY appointed by this is pending ARC approval where new Independent directors still being look for.
02/07/2021 3:21 PM

pearlwhite will be piloting the first Malaysian flying car, and you?


ggcomliao first flying car from malaysia
02/07/2021 12:29 PM

NA is -0.438 .

Current price 0.875 - 0.438 = 0.437

I think you are correct DickyMee


DickyMee RM 0.45 coming soon!
01/07/2021 5:15 PM

Yes, agree!

A pump attendant:
Oil n Gas business

A pump attendant who farted:
Oil n Gas business expanding into renewable energy

A pump attendant who farted and beats aeroplane ('tar fei kei') regularly:
O&G, renewable energy and aerospace



izoklse SD should work with NASA & TESLA SPACEX on that space technology business and infrastructure.
01/07/2021 5:25 PM

My analysis above has proved that you are male. I asked my mom for an independent review. She's 100% female. She said Serba will be suspended tomorrow. Therefore, 100% Serba will be suspended tomorrow.



Mabel #PSAi3alert Mabel,

Are you suggesting that a male should go for castration and female hormone therapy in order to gain an additional 1.8% compared to the market?

01/07/2021 2:08 PM

Of course not..we still love those males thingy..:)

What Mabel said is women have better instincts and more patients than man..

Meow
01/07/2021 2:16 PM

Mabel,

Are you suggesting that a male should go for castration and female hormone therapy in order to gain an additional 1.8% compared to the market?

If all males were to do so, then all investors will have female properties - comprising original females and pseudo females. As a result, everyone will have the same indexed results, i.e. females will not outperform the male, because all investors have female properties.

The net effect for a male is that he will lose his joystick and 2 dependents and yet failed to achieve the 1.8% additional gain in market, because the additional gain is now 0% for everyone.

Worse still, is that humans will cease to reproduce because there will not be any males left. And in 130 years time, every 7+ billion humans will be dead with 99.999999% confidence.

With everyone dead, stock market will cease to exist thereby rendering all portfolios to go to zero.

Effectively, your suggestion will result in a 100% loss for everyone!

You have proclaimed yourself to be a female and is able to beat males by 1.8% but yet your proposal will result in a 100% loss for everyone.

Based on the in-depth analysis above, my conclusion is that you are either a male impersonating as a female; or there is no gender differences in stock-picking performance.

My inclination is the former.



Mabel #dianatrader Many naysayers like to bully if your statements support SD.

So just let it go.

While the annual returns on investments for men averaged 0.14% above the performance of the FTSE 100, women beat the index by a respectable 1.94%. In a nutshell, women’s returns from investments outperformed those of men by 1.8%.

So never be shy to be a woman...

Cheers to Gal Power!

Meow Meow Meow

The deal with Network Innovations is a total red herring.

Network Innovations is a managed network services company and they are a reseller of satellite capacity ( https://www.networkinv.com/service/managed-network-services/ ).

Serba will just be a sub-reseller of satellite capacity. Suggesting rocket and satellite launching capability is pure absurdity.

It's like signing up as reseller with ECS Astar Sdn Bhd, a distributor for Huawei phones, and announcing to everyone that you'll be involved in 5G and NGN technologies and is an additional business to your existing Oil and Gas business (actually pump attendant).

Auditor's do not cook books. They just verify whether the accounts are in order or the management did the cooking.

I'd suggest you look for Uncle Teh who is an auditor and both of you uncles can go Lim Teh to discuss.


Uncle_Lim PSAi3alert. Normal ma big 4 but hire indian to cook the book.
30/06/2021 10:27 PM

It's all about confirmation fraud. 3.95B Euro was missing in Parmalat's cash and 2B Euro was missing in Wirecard.

Interesting article here ( Fake Uncle Lim and SuePeePee, please do not click ):

https://fortune.com/2020/06/30/ey-wirecard-fraud-2-billion-euros-auditing-auditors/

If the equity value to loan ratio of 130% has being triggered, the oustanding loan amount for the pledged shares will be about RM230M (RM300M/1.3), and he will get net cash of RM70M.

If the share price were to drop to 10 sen, he will be owing the share financier RM130M (RM100M - RM230M).

If he were to instruct the bank to perform the sale, he will be liable for insider trading for advanced knowledge of the financial conditions of the company,

Forced selling is a decision by the bank and is not due to insider information.

It's a Mexican stand-off on many angles.


alenac Actually at this juncture Karim can sell the 1 billion shares he owned and get RM300 million or whatever sum before notifying Bursa if the odds of the company surviving is low. So whatever happened from now is even more uncertain as Serbak reached 10 sen.

Force selling is a perfect excuse for him to sell now. If he were to sell directly, an additional criminal charge for insider trading will be filed against him if the subsequent audit were to show financial falsification. In addition, the pledged share account will be in deficit when the share price tanks further upon lifting of suspension.

Now, he can just blame the financier for force selling.


williamtkb Someone will offloading more tomorrow.... Be prepare to collect below 30cents.... Below 30cents another round margin call force selling. Actually karim can request suspension until audit report out. Then he will have more time. And will not have margin call force selling pressure
30/06/2021 9:26 PM

Many white candles during Serba's suspension vigil


654321aaa Two green candles will follow by a long red candle...
30/06/2021 5:03 PM

0.45 closing with chutzpah!

I don't have.

In 3 months time, rr88's portfolio will grow from from X (300k cash + 300k margin - y losses in Volcano + z previous gains in Serba - RM25k loss in Serba + RM7k gain in secret counter - RM15k loss in Serba today) to USD5 billion in 30th September 2021.

And pearlwhite is credited with rr88's success.

Wonder where is pearlwhite today. If he were to turn up and say that 'I went for Covid-19 vaccinations and got 1 million jabs, and you?', I'd urge you not to challenge.


ggcomliao PSAi3alert if he eggcited he will go up stage and tango with the music, and 100k earned, u got?
30/06/2021 4:09 PM

rr88,

It is regrettable that you will not be the guest of honor to watch the Fat Lady sing in the following opera that is scheduled for this Friday:

'Andare definitivamente in Olanda con Serba' (Going to Holland permanently with Serba)

Please revert before 5pm 2nd July 2021 in case you change your mind.

Thanking you profusely.



rr88 Enough lar. Look at the big picture. Index has dropped below 400 day mvg avg. Im taking a 3 months break from market.
30/06/2021 3:56 PM

Since this is Serba's thread and the chairman has stated that:

Limited = Ltd

It will not be far fetched to assume:

DickyMe = DickyMee

If anyone were to disagree, SuePeePee will file a police report.


DickyMe "PSAi3alert What impostor id?"

DickyMe ≠ DickyMee
30/06/2021 1:24 PM

bobvic96,

Agree that is was verbal diarrhoea by the BODs that has caused the collapse in Serba's share price. KPMG has kept silent, just refused to certify Serba's allegation on the existence of unicorns.


bobvic96 Michael Kwok The counter should be suspension.Should let the news just pass.KPMG had done its wrong.Should not let the news out.Complain to the owner first (the big shareholder or 2 big gun in SB).

Then Serba MADE IT PUBLIC and started a campaign to discredit KPMG and that is till ongoing on this board by the Fanboys. However, the campaign misfired with the 5th May presentation on what they say KPMG found, concentrating on minor issues and not the ELEPHANT in the room, being the receivables, stock, etc. However, its real downfall was the PC where the Chairman lied.

Latest target by DickMe is RM 4.50.

0.445 x 10 = 4.45

Looks correct. 1% deviation from target is not significant.


DickyMe RM 4.50 coming soon
30/06/2021 12:30 PM

DickyMe 20 sen akan datang.
29/06/2021 5:09 PM

What impostor id?

AA's NA is -0.44 and current price is 0.9.

0.9 - 0.44 = 0.46 which is about right


DickyMe "PSAi3alert I thought your target was always 0.45 for AirAsia?"

Nope, it's RM 4.50.

That, 0.45 is from an impostor id.
30/06/2021 12:26 PM

I thought your target was always 0.45 for AirAsia?

DickyMee RM 0.45 coming soon!
29/06/2021 3:28 PM


DickyMe 30 sen coming soon
30/06/2021 12:15 PM

Parmalat, Wirecard and akan datang; always confirmation fraud

"If Ernst & Young auditors had done this one thing, they might have uncovered Wirecard’s $2 billion fraud years sooner"

https://fortune.com/2020/06/30/ey-wirecard-fraud-2-billion-euros-auditing-auditors/

Reseller of Network Innovations satellite services = capability to develop rocket and satellite launching infrastructure

God = Love
Love = Blind
Stevie Wonder = Blind

Therefore Stevie Wonder = God


i3lurker Space => Shares enter Black Hole

makes sense and its logical
30/06/2021 1:34 AM

Noah,

Can Suspend: Yes

Should Suspend: Yes, for the sake of the integrity of the entire capital market

Will Suspend: Don't know. I'd rather stay onboard Noah's Ark.



​16.02 ​Suspension of trading imposed by the Exchange
​ ​
​(1) The Exchange may at any time suspend the trading of listed securities in any of the following circumstances:
​ ​​ ​
​ ​(c) where, in the opinion of the Exchange, it is necessary or expedient in the interest of maintaining an orderly and fair market in securities traded on the Exchange;
​ ​ ​
​ ​(d) ​in any circumstances as provided in these Requirements;
​ ​ ​
​ ​(e) in the event of any breach of these Requirements by a listed issuer, management company or trustee-manager;
​ ​ ​
​ ​(f) ​upon notice by the SC to the Exchange that in its opinion a listed issuer, management company or trustee-manager has breached or has failed to comply with any provision of the CMSA, the Securities Industry (Central Depositories) Act 1991, the Securities Commission Act 1993 or the SC's guidelines, or that it is necessary or expedient in the public interest and where it would be for the protection of investors;
​ ​ ​
​ ​(j) ​where the Exchange deems it appropriate for some other reason.

Mabel,

"highly reputable individuals" and "serving the people" are contradictory descriptions in Malaysia,

No suitable candidate can ever be found.



Mabel Group MD and CEO Datuk Dr Mohd Karim Abdullah told The Malaysian Reserve (TMR) yesterday the group has identified some credible individuals with strong integrity and reputation from their previous work life to fill in the vacancies following the resignation of several board members last Friday.

“These are very highly reputable individuals who have garnered the respect from the public at large during their tenure serving the people of Malaysia.

“So, there will be more credible and stronger figures who are coming to take up the vacancies left by the exiting directors,” he told TMR.

Have they appoint anyone?
29/06/2021 11:57 PM

The Fat Lady will be singing in the following performance:

'Andare definitivamente in Olanda con Serba' (Going to Holland permanently with Serba)

Opening theme: Suspension

Venue: Ramunia Philharmonic Hall

Date: 2nd July 2021

Official ticket counters: EPF corporate sale

Pricing: Up to your affordability. Eminent guests include RR88 who has purchased RM340,000 per seat

Ushers: Look for Mabel, he's wearing fake skin impersonating as a buxom blond. Avoid SuePeePee because he will sue you if you were to cancel your ticket before the show.

Refreshment: 'My hot dog is 6 billion inches, and yours?' by pearlwhite

'Save the Bilis' Greenpeace people to avoid: Leno, i3lurker, ggcomliao, alenac, bojed, NatsukoMishima

Sslee, you'll likely get stonewalled again.

The share grant plan expense of RM 17,052,975 is effectively additional executive compensation. Was the amount deliberated and approved in a prior AGM?

The differences between the market prices and ESOS prices at the point of issuance are viewed as ‘perquisites’ under Section 13(1)(a) of the income tax. Act (ITA) in 1967 and are taxable. And since the ESOS prices are effectively zero, the entire amount of ESOS issued and calculated at the market prices upon issuance will be taxable.

If the directors failed to declare those perquisites, the compounds, fines, etc may well exceed RM20M. Not sure if there's still finder-fees of 20% for IRB whistle-blower...

The billionaire hotelier, Leona Helmsley, was jailed for tax evasion when contractor expenses for her home renovation was charged to business operations. Her famous quote is "only the little people pay taxes". That's the States. Here can bincang.




Sslee
Did I miss anything in Serbadk as I was busy preparing some more questions for this Afternoon JAKS AGM

Please allow me to remind the Board: An independent, non-executive director being an outsider not involved in the day-to-day management of the company is the best-suited person to act as a watchdog to ensure that the company is functioning objectively in the best interests of the stakeholders. It's the responsibility of the independent director to hold the management accountable in case of any suspected mismanagement within a company.

Question 1: INED may I ask, JIC “Pacific Star” project, Net liabilities RM (174,733,667) due to Liquidated and Ascertained Damages payment for delay handover of properties to buyers. Had INED done a post mortem and hold Management/Executive Directors answerable, accountable and responsible for the mismanagement of the project?
Question 2: Impairment loss on goodwill RM 52,000,000, Trade receivables: RM 25,862,090 and other receivables: RM 45,331,965. Has INED work with external auditor to do a forensic audit whether any fraud or gross negligent and failure to perform fiduciary duty by the Management and Executive Directors in overpaying assets and do nothing to recover receivables?
Question 3: INED, JRB had without fail needed yearly fund raising exercise either thro’ RI or PP and with current proposed Private Placement of up to 552,787,900 new ordinary shares in JRB the NOSH will crossed over 2billion+. Is the Management and Executive Directors act objectively in the best interests of the shareholders with repeat RI and PP?
29/06/2021 12:43 PM
29/06/2021 2:04 PM

EY will need camels from Zoo Negara for transporting its auditors to perform the special audit in the Middle East, especially since Block 7 is just an empty land in the middle of the desert.

Since the MCOs 1.0, 2.0, 3.0, 3.1, 3.2-3.n, the camels only source of entertainment is to watch the giant pandas - Xing Xing and Liang Liang mate. And the camels refuse to budge as long as those pandas are still in Malaysia. While there have been calls to return those pandas to China, Malaysia cannot do so due to the International Giant Panda Conservation Agreement with China that will last until 2024. In addition, the minister of foreign affairs does not wish to jeopardize his relationship with his big brother.

In view of the above, Serba will like to invoke Sec. 2.07 for the entire LR in general, and Sec. 2.23 and 2.24 in particular; to include the expiry of the Giant Panda Conservation Agreement with China as an initial pre-condition, with the liberty to demand additional pre-conditions as deem fit, so as to ensure that the process of compliance for Sec 2.23 and 2.24 is accurate and correct.



2.07 Waivers and modifications
(1) The Exchange requires strict compliance with these Requirements.
(2) Notwithstanding sub-Rule (1) above, the Exchange may at any time, waive or modify
compliance with a Requirement or any part of a Requirement. If the Exchange waives or
modifies compliance with a Requirement or part of a Requirement subject to a condition, the
condition must be complied with for the waiver or modification of compliance to be effective.


Thank you profusely,




myinvesting 2.23 Instructions or directives issued by the Exchange
(1) The Exchange may, from time to time, issue any instruction or directive to or impose any
condition on an applicant, a listed issuer, a management company, a trustee, a trusteemanager its directors, officers, employees, advisers or any other person to whom these
Requirements are directed and such person as aforesaid must comply with the said
instruction, directive or condition and within such time as may be specified by the Exchange.
(2) Where the Exchange has issued any instruction or directive or imposed any condition referred
to in subparagraph (1) above, the Exchange has all the rights and powers to do all acts
necessary to enforce and give effect to the instruction, directive or condition.

2.24 Special auditor
(1) Where the Exchange is of the opinion that a breach of these Requirements may have
occurred and the appointment of a special auditor is necessary, the Exchange may instruct
the listed issuer to appoint a special auditor to review or investigate the affairs of the listed
issuer, any of its subsidiaries or both, as the Exchange may direct. Any cost incurred as a
result of the appointment of the special auditor must be borne by the listed issuer.
28/06/2021 11:16 PM

The CEO already said BAU (business as usual). Stinky.

myinvesting No idea how suing the mid-way auditors can put you into business as usual?
28/06/2021 11:08 PM

Stock Kingdom,

Exactly! Totally absurd.

The issue here is independent review of Serba's financial status, not review of KPMG's auditing process.

Wirecard's auditor for 10 years was EY and the independent auditor was KPMG. Did KPMG request for "full and unfettered access" to EY, grandfather, grandmother, etc, in order to do an independent review of Wirecard?




Stock Kingdom I have never heard one audit firm can have “full and unfettered access” on the working papers of another audit firm. Never in the history locally & internationally.

Some more that one is KPMG.

Haha, forget the appointment.


Some may think what about apply & get court order to command KPMG handover.

but at what basis? Will KPMG just sit quietly & do nothing letting Serba get the order? By then MIA will jump in to defend for KPMG.

Looks more like fishing expedition for Serba's suit against KPMG.

"The maxim nemo tenetur se ipsum prodere" - no one is bound to accuse himself.

KPMG may well decline due to privilege against self incrimination.

EY should just start from scratch since big men on campus, SC and Bursa, will be there.


myinvesting I expect it will be rejected by kp&g due to resigned (no more relationship), confidential and suit case (how to give hold harmless?)

**********

EY informed the board that they can act as the independent reviewer, provided, as agreed from the onset , so as to ensure that the work can be performed independently and objectively for the benefits of all stakeholders, that:

1. EY need to have full and unfettered access to KPMG PLT for information and confirmation for the purpose of analysing the transactions and concerns highlighted;

However, in light of the recent resignation of KPMG PLT as the Company’s external auditors, EY required assurance that the above requirements remain in place prior to executing the engagement letter and commencing the review, including a written confirmation from KPMG PLT that co-operation in the form of access and information will be provided to EY for the purpose of understanding the alleged irregularities and anomalies identified, such as:

a) The confirmation process of matters sent to identified customers; and
b) Relevant work papers including confirmations and correspondences in relation to the findings and concerns raised.

Accordingly, following the board meeting on 25th June 2021, our solicitors Messrs Shafee & Co. have written to Messrs Lee Hishammuddin Allen & Gledhill the solicitors for KPMG PLT for confirmation of the above requirement put forward by EY (the said letter has also been copied to Bursa Malaysia).

The Company is currently awaiting a response from KPMG PLT through their solicitors.
28/06/2021 6:39 PM

Ok! Will return the getaway car. Money heist on Bank of Spain to continue in 8-12 weeks.



rr88 I AM NOT SELLING.
This is where sellers get emotionally irrational n selling at extremely cheap prices.
See you in 8 - 12 weeks.
28/06/2021 3:27 PM

Did your friend pay RM400 for 100 units as pleaded (equivalent to RM4/share)? If so, your friend will soon cry "Dame! Ko-nek ku kecewa!"


trum Wah!!! My long time friend name is also call Utu san. He is my friend from Japan. So I call him San after his Utu name. So happy to get a call from Utu san yesterday.

semua rakyat terutama kaum Melayu should buy at RM4/share (RM400/100 share)



“Kami juga menyeru semua rakyat terutama kaum Melayu untuk bangkit dengan membeli 100 unit saham Serba Dinamik Holdings Berhad yang kini bernilai RM400 sebagai tanda sokongan terhadap sebuah syarikat anak tempatan yang berwibawa dan bertaraf global,” katanya.

siaokar conpipi collabs with utusan is a sign of suspension looming, an indifinite one not just temporary
28/06/2021 1:51 PM

trum, I have a better understanding of your issue now.

Blue pill: Olanzapine
Red pill: Thioridazine Hydrochloride

Both work for schizophrenia.



trum This can go both ways lah...

Blue Pill= In the end if this drama turned up to be okay and Serba did nothing wrong.... a lot of Bilis or fund people will be bankrupt also.

Red Pill= In the end if this drama stated this Company is a fraud ... a lot of Bilis or fund people also become bankrupt.

Wish pill do you take? Taking the blue pill or the red pill? Your choice lah

This is my favorite in the "My achievement. And yours?" series:

pearlwhite: But many ppl also didn't realise SC also "raided" KPMG

ggcomliao: i got raided when at masat u got?



ggcomliao Today my cactus grew 1 cm and i claim it as my achievement.

What's yours uncle?

pearlwhite .
TODAY BATTLESHIP POLE DANCER FAKE AHMOI BEING TO TASK

BUT TAKEN TO TASK BY ITSELF FOR BEING CARELESS

LATER THINKING HOW TO COME TO KLSEI3 TO TALK PSYCHO
28/06/2021 1:16 PM

ggcomliao, miss your banters with pearlwhite. It's like Mr Bean poking fun of Walter Mitty. Absolutely hilarious.

Babies being thrown out with bath water. Collecting babies. Que Sera Sera.

"But rr88! What big teeth you have," said Little Red Riding Hood her voice quivering slightly.


rr88 Kalau lu mau untong manyak arr lu pigi beli itu SEDANIA sekalang lu simpan dua bulan. Betui arr wa cakap sama lu. Talak tipu punya.
28/06/2021 12:05 PM

rr88,

I bought 10M shares @ 0.335 using your account. Misread your posting of u-turn and thought overturn. Did not wait for 0.53 and sold all at 0.355.

Profit of 10M x 2 sen = RM200k less RM10k for Mabel's panties = RM190k.

Mission accomplished for today.


rr88 Hold on. Dont worry.

I am so confident that i already started counting my chickens b4 they hatch:

Cost of investment 10,000 lots @ 0.34 = $340,000

Sell @ 0.53 = $530,000

Chickens = $530,000 - $340,000 = $190,000 less brokerage
28/06/2021 11:49 AM

Uncle Lim and Uncle Teh are going to Lim Teh to ponder...


leno Uncle Tan has response to Sebak.
Uncle Tan decided to SUE sebak back if Sebak did not retract back their threat and police report.
Uncle Tan give Sebak 5 min to remove their Malicious release that try to slander Uncle Tan.

Sebak has since apologise to uncle Tan and remove their Malicious threat.

SELAMAT MENINGGAL SEBAK.
28/06/2021 12:15 AM

Sslee, thanks for your posting.

It will not go to trial. The alleged losses in market capitalization are suffered by the shareholders. Serba has yet to demonstrate any losses in business operations (actual or fictional). The company does not have the locus standi to claim for losses in market cap. The case will be struck off as frivolous and abuse of court process.

If it were to proceed to merits of the case, I am puzzled on why the plaintiff is highlighting names like Petronas Chemical Ammonia Sdn Bhd, Petronas Methanol (Labuan) Sdn Bhd, Petronas Carigali Sdn. Bhd and Petronas Gas Berhad.

KPMG is the auditor for all the Petronas companies.

Looks like a Harakiri before the battle starts!



Sslee
For your information:

38. In addition to the above, the Plaintiff avers that the Defendant has contradicted their position in the following manner:
a. With regards to Petronas Chemical Ammonia Sdn Bhd and Petronas Methanol (Labuan) Sdn Bhd, the Defendant had subsequent to calling the respective front desks receptionist had directly contacted the
addressee of the confirmation letter to confirm the identities of the representatives who had sent the confirmations for the abovementioned companies. However due to confidentiality reasons the said addressee did not provide the contact details but nonetheless had directly or by irresistible inference confirmed that these two individuals exist. In the circumstances the Defendant had negligently and most
unreasonably concluded that the representatives do not exist despite the conversation with the addressee.

b. With regards to Petronas Carigali Sdn. Bhd., the addressee of the confirmation letter suggested that the Defendant contact the individual who replied to the confirmation letter directly, but did not want to provide any further information due to confidentiality reasons. Despite the reluctance in disclosing contact information, there is an irresistible inference that the identity of the persons sought to be confirmed by the Defendantdo exist, but it was for the Defendant to resolve the issue of getting in touch with them, if needed with the further help of the Plaintiff. The Plaintiff and/or their agents were always ready and willing to assist if and when they were approached.

c. With regards to Petronas Gas Berhad and Malaysia LNG Sdn Bhd, the Defendant spoke to the addressee of the confirmation letter. The said addressee had specifically spoken to his representatives who had replied to the Defendant’s confirmation letter who said they no longer wanted to be involved in the confirmation process (for reasons unknown to the Plaintiff). The key take back however is that the said addressee has confirmed the existence of these two individuals and therefore the Defendant’s conclusion towards the non-existence is non-sequitor without basis, unreasonable and irresponsible.

26/06/2021 6:55 PM

Not triads, just a mortally injured and angry animal. Wirecard also announced lawsuit against Financial Times and BaFin (the Germany's SC) was also, initially, going after whistle-blowers. At a certain point, Wirecard engaged the Dark Basin hackers to hack into critics sites.

Here, the el cheapo aka free method to intimidate is to file police report. The threat is to commence legal action against Uncle Tan. There are various hurdles to be able to successfully sue Uncle Tan:
- Uncle Tan is currently a John Doe
- IP address might be routed via VPN or Tor networks, or free Wi-Fi near Starbucks
- the alluded action is a civil as opposed to a criminal action
- even if public IP address was sued, PDPA will prevent the release of customer's details by the ISP
- and if Uncle Tan were to surface with his/her true identity, defenses include qualified privilege (interest or a duty, legal, social, or moral, to publish the words to the person(s) to whom they were published), Reynold's privilege and fair comment.
- in order to prove defamation, the company will need to proceed with the independent review of its financial status


joyvest Triads or what?

Someone says Serba is running like triads with a Godfather from behind who keeps defying and denying and keeps intimidating with the threats of lawsuits and more lawsuits to suit his agenda....
27/06/2021 11:21 PM

Words like 'sue sue sue', 'see you in court' and 'I'm filing for divorce' will only result in lawyers popping Dom Pérignon and lighting up of the finest Cubans. And if those were words remain to be just threats and there are no actual litigation, then bottles of champagne, costing thousands each, and cigars, also thousands each, would have been wasted on premature celebrations by the lawyers.

Yes, there are lawyers who got paid RM9.5M (or loaned?) for unspecified work. And in the UK, the legal bills for Tan Sri Khoo and estranged wife Pauline Chai's divorce settlement came up to about RM27.5M. But those are exceptions. In reality, jobs are getting fewer since banks are not allowed to sue defaulters during periods of moratorium and strict surveillance by the authorities have reduced corporate fraud (although actions against speculations have been relaxed in favor of market vibrancy; manipulations and account falsifications are definitely crossing of the Rubicon).

So, please do not simply shout 'sue sue sue'. Make the lawyer's celebrations be worthwhile.

You can possibly sue your pharmacist for selling you benzodiazepines without prescription. If you have been drinking excessively, you may have a condition called hepatic encephalopathy. Eat a few bananas tomorrow to boost your potassium levels. Contact a specialist who specializes in gastroenterology and hepatology on Monday morning and run serum tests on your ALT, AST & GGT levels.


trum If the final outcome is fine. Can we sue the management for staging this big big drama???
27/06/2021 12:10 AM

trum, please call this number now 03 7627 2929. Befrienders KL is willing to help. 24/7

ggcomliao & i3lurker,

Who say rr88 is stuck and needs help?

Besides making money quietly from Serba, he's also making a killing in SSE, TSE, SEHK, FTSE and DJIA daily. Although he has said that he's making 100K per day, in his reality, he's making over USD1M per hour.

rr88 also own a chain of dancing schools for OKUs, supplies contraband alcohol to 90% of alcoholic anonymous clubs in the world and operates exclusive 'lawat sambil mati' tours to Holland.

You just need to read and follow his instructions carefully (before they get deleted in minutes, sometimes seconds) and you will reach Nirvana.

Can ask for more whippings in lieu of jail for those who enjoy S&M?


i3lurker forged signatures?

adding more years added to jail terms?

but actually forgery of signatures is => compulsory whipping


PSAi3alert Shafee has stated that he is acting under instructions by the Directors. So, it is an action by the company. Even the validity of the action is questionable because the due process of calling for a BOD meeting; getting the sufficient quorum; and having the requisite number votes by the directors to proceed with the suit has not been adhered to. With the resignation of the 5 INEDS, it is now impossible to backdate a BOD minutes.
26/06/2021 5:53 PM

Shafee has stated that he is acting under instructions by the Directors. So, it is an action by the company. Even the validity of the action is questionable because the due process of calling for a BOD meeting; getting the sufficient quorum; and having the requisite number votes by the directors to proceed with the suit has not been adhered to. With the resignation of the 5 INEDS, it is now impossible to backdate a BOD minutes.

If it's a suit by the shareholders, a prior shareholders meeting would have been convened. The plaintiff will be the shareholders and the defendants will need to include Serba Dinamik, under a derivative action, and KPMG as the main defendant.




OrlandoOilSemiconIoT Any basis for u to assume it won't b a tripartite legal case involving the shareholders too?

It is almost certain Karim wil be one of the parties

All shareholders better keep your purchase notes etc



PSAi3alert OrlandoOilSemiconIoT,

It will not go to trial. The alleged losses in market capitalization are suffered by the shareholders. Serba has yet to demonstrate any losses in business operations (actual or fictional). The company does not have the locus standi to claim for losses in market cap. The case will be struck off as frivolous and abuse of court process.

What will possibly proceed to trial is KPMG's defamation suit against the chairman and shareholders' suit against the directors when the company goes belly up. And, if there is any dissipation of assets, subsequent holders of those trust assets are also liable. There is only one case law in Malaysia that contained the word 'RETROSPECTIVELY' as to the time when the constructive trust arises.

The case law is:
ZAHARAH BT A. KADIR (Acting as the Authorised Representative of Abdul Kadir bin Ami, Deceased) v RAMUNIA BAUXITE PTE LTD AND PROMET BERHAD

Lady Ramunia continues to haunt... (can your feel your hair stand on your back?)


OrlandoOilSemiconIoT WHY SERBADK'S LEGAL SUIT IS NOT FRIVOLOUS
26/06/2021 4:32 PM

26/06/2021 5:25 PM

OrlandoOilSemiconIoT,

It will not go to trial. The alleged losses in market capitalization are suffered by the shareholders. Serba has yet to demonstrate any losses in business operations (actual or fictional). The company does not have the locus standi to claim for losses in market cap. The case will be struck off as frivolous and abuse of court process.

What will possibly proceed to trial is KPMG's defamation suit against the chairman and shareholders' suit against the directors when the company goes belly up. And, if there is any dissipation of assets, subsequent holders of those trust assets are also liable. There is only one case law in Malaysia that contained the word 'RETROSPECTIVELY' as to the time when the constructive trust arises.

The case law is:
ZAHARAH BT A. KADIR (Acting as the Authorised Representative of Abdul Kadir bin Ami, Deceased) v RAMUNIA BAUXITE PTE LTD AND PROMET BERHAD

Lady Ramunia continues to haunt... (can your feel your hair stand on your back?)


[114] A constructive trust arises automatically. It is to be construed retrospectively from the time of the circumstances which give rise to it. The
common vein running through all the species of constructive trust is this:
that the liability of any person to act as a constructive trustee is predicated on that person having knowledge of some factor which is deemed to affect his conscience sufficiently strong enough in order to justify the invocation of the principle of constructive trust (Westdeutsche Landesbank Girozentrale v Islington London Borough Council [1996] AC 669, HL).


OrlandoOilSemiconIoT WHY SERBADK'S LEGAL SUIT IS NOT FRIVOLOUS
26/06/2021 4:32 PM

SpeedNpower, did the cleaner tell you if the investment in Serba is parked under Conventional or Shariah fund?


SpeedNpower Got good source from epf office. Epf gonna throw more millions on Monday. Prepare drop another 15-20 Sen. Ikan bilis wanna enter ? Go ahead and bail epf out hahahah. P.s cleaner from epf office told me.
26/06/2021 4:23 PM