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2021-06-26 14:28 | Report Abuse
Sslee, wow! That's 'be greedy when others are fearful' gone horribly wrong. There is one person who took big bets on MMC and bought 48,916M shares at average of 0.8+ and now hit the jackpot. He has a team that has done the due diligence and MMC has an excellent IR, so the balls wobbling duration is minimal.
Sslee Haha i3lurker,
Just to answer your question Who bought up the shares of XinqGuan?
It is only natural, one day the controlling shareholder will sell all the company’s assets to benefit themselves and all the shareholders. Its audited accounts shows that its NTA is Rm 1.90.
I can imagine the amount I will make from my 86.9 million shares, costing me 6.85 sen per share. I will be laughing all the way to my bank.
26/06/2021 12:54 PM
2021-06-26 13:41 | Report Abuse
Mabel,
Upon i3lurker's revelation that you're actually a '80 year old totally bald man' and other gory details that are within your knowledge, but have chosen to hide from the public, I have suffered the following losses:
- triple limit down of my joystick asset
- loss of kemaluan confidence
- asset plunging to negative levels
- inability to reach this week's target price of RM0.55/share for Armada
I have instructed Messrs Shaft Yee & Co to file a writ and statement of claims demanding the following from you:
- RM589.5 million ( (0.55-0.45) x 5,895 Million of Armada's NOSH) as general damages
- punitive damages as seen fit by myself
- 25% of special damages
- costs for i3lurker's fees
- interest of 18% per annum pre and post judgment
In order to avoid going to Court, you can queue to buy 786M Armada shares at RM0.75 this coming Monday at 9am. For the avoidance of doubt, this coming Monday is the 28th of June 2021.
i3lurker mabel is a 80 year old totally bald man wearing Pagoda singlet and dirty white cotton panties, already 3 days not washed.
Chain smoker with yellow nicotine stained fingers trembling to type for 25 sen per word
so those panties will smell of semen from wet dreams on underaged Japanese school girls and also nicotine due to trembling hand always drop ashes on his own panties
PSAi3alert i3lurker, Mabel wishes to contribute her used panties. If she is a Japanese school girl, her used panties can fetch 500 Yen, about RM19. Otherwise can offer her 1 sen each to be made into a 4-ply mask. Can do?
24/06/2021 10:32 PM
2021-06-26 00:03 | Report Abuse
telurgoreng, Exactly! And with BNM in the picture, things are getting serious.
telurgoreng Ok, u guys until now cannot figure out. Let me share secret to you on the audited query.
Hence, KPMG is just giving excuse and buying time while waiting time to run out on providing the audited report so that authorities like SC and Bursa will step in to compel them to reveal the info directly to the SC/Bursa investigation team. KPMG had no intention to sign the report the moment they discover the seriousness of the information from the beginning.
The audit queries are just red herring...
25/06/2021 11:28 PM
2021-06-25 23:43 | Report Abuse
A couple ingredients are needed to fuel the scheme:
- transactions in tax-free jurisdictions
- rising share price
- ability to issue RI and PP (NOSH increased from 1.468B shares in 30-Sep-2019 to 3.727B to-date)
- people like rr88 to subscribe to the new shares and sell to the market
All in place
i3lurker
Its called "Circle Fraud"
this similar type of "Circle Fraud" case had already hit all the big accounting firms in Malaysia before.
This forum did actually discuss this type of "circle fraud" few days ago.
The "weird" ratios happens when creditors are paid fast fast.
Why?
coz creditors will recycle the money back to debtors and debtors back to company
essentially its the same amount of money circling around.
2021-06-25 18:35 | Report Abuse
Yes, if rr88 were to add break-dance and hula to his waltz, rumba and cha-cha skills, he will be in the Forbes Asia top 10 very soon. Sorry you did not learn his 'mo yeng keok' (shadowless leg) skill and was left in Amsterdam. Can you please get some smoked cheese and chocolates on the way back?
ggcomliao He had 600k last week and this week 1mil, so around 400k a week, lower than computation, factoring in market bad this week, very reasonable
At this pace, he will be in Forbes malaysia top50 soon. (Maybe already in there)
PSAi3alert ggcomliao, it's not possible for rr88 to be billionaire next week. Between 3.20pm and 5pm today, he made about 7k, thereby reducing his loss from 25k to 18k. Effectively, his making 7k per 1.5 hours or 112k per day which is what he has said. So, his net worth will only increase by 784k in a week.
25/06/2021 6:24 PM
2021-06-25 18:18 | Report Abuse
ggcomliao, it's not possible for rr88 to be billionaire next week. Between 3.20pm and 5pm today, he made about 7k, thereby reducing his loss from 25k to 18k. Effectively, his making 7k per 1.5 hours or 112k per day which is what he has said. So, his net worth will only increase by 784k in a week.
ggcomliao next week we got new billionaire, rr88
25/06/2021 6:09 PM
Posted by rr88 > Jun 25, 2021 5:06 PM | Report Abuse
Not everyday i make money. Today nett loss 18k++.
18k++ loss in a mil $ acc.
Now i go thru the weekend with zero stocks on hand, 100% cash, no headache.
Ada paham ka?? Learn lar from my move today if u want to succeed.
Posted by rr88 > Jun 25, 2021 3:20 PM | Report Abuse
Lost 25k plus brokerage
Posted by rr88 > Jun 25, 2021 2:44 PM | Report Abuse
5000 lots matched at 0.455. Total bought 10000 lots at 0.465 avg. Now i will watch like a hawk everyday that my cut lost point of 0.44.
2021-06-25 18:09 | Report Abuse
myinvesting, Puan Masleena is a lawyer and is aware how mareva injunctions can impact her personally upon commencement of shareholders action against the entire Serba's BOD. She may be able to mitigate given her short tenure of directorship. Rozilawati, Sharifah and Tengku Hasmuddin will likely need to defend because they were directors during the material time of breaches.
myinvesting 10 days director
Date of change 25 Jun 2021
Name PUAN MASLEENA BINTI ZAID
Designation Independent Director
Directorate Independent and Non Executive
Type of change Resignation
Reason Due to personal commitment
25/06/2021 5:52 PM
2021-06-25 18:01 | Report Abuse
Ho Lee Fuk!
myinvesting Name ENCIK HASMAN YUSRI BIN YUSOFF
Designation Director
Directorate Independent and Non Executive
Type of change Resignation
Reason Due to differences in opinion that he has with the decisions made by the Board which in his view are not to the best interest of the company.
Details of any disagreement that he/she has with the Board of Directors Company's decision to commence legal action against KPMG PLT.
Date of change 24 Jun 2021
Name DATO' SERI TENGKU HASMUDDIN TENGKU OTHMAN
Designation Director
Directorate Independent and Non Executive
Type of change Resignation
Reason Due to differences in opinion on decisions made moving forward by the company in light of the current developments.
Details of any disagreement that he/she has with the Board of Directors Company's current decision on action against the auditor.
Date of change 23 Jun 2021
Name PUAN SHARIFAH IRINA BINTI SYED AHMAD RADZI
Designation Director
Directorate Independent and Non Executive
Type of change Resignation
Reason Due to differences in opinion on decisions made moving forward by the Company in light of the current developments which is contrary to the best interest of the Company and its Stakeholders.
Details of any disagreement that he/she has with the Board of Directors Differences in opinion on Company's decision moving forward with regards to KPMG PLT.
Date of change 23 Jun 2021
Name PUAN ROZILAWATI BINTI HAJI BASIR
Designation Independent Director
Directorate Independent and Non Executive
Type of change Resignation
Reason Disagree with the decisions of the Board taken recently which is contrary with her view. The decisions were in her view not the best interest of the Company, stakeholders, particularly the minority shareholders.
Details of any disagreement that he/she has with the Board of Directors Disagree with the decision to commence legal action against KPMG PLT.
25/06/2021 5:47 PM
2021-06-25 14:21 | Report Abuse
Maybe should spell 'liwat'. Try calling MITI
DickyMee Did anyone try to google search "liwa investment holding" ? From what I searched, this company got no news besides Serba Dinamik?
25/06/2021 2:17 PM
2021-06-25 13:21 | Report Abuse
Johnzhang, many thanks for your reply. Having taken a couple of accounting courses during business school decades ago hardly qualify me as an accountant.
I was referring to the 'Date of updated valuation' in pages 178 and 179 of the latest annual report:
https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=207046&name=EA_DS_ATTACHMENTS
The true value might well be RM5/share but closing the gap will need clear vision by TS Surin and Ms Ivevei post sale of MPI Generali. Good points include reasonable executive compensation and less than 51% majority ownership.
2021-06-25 00:01 | Report Abuse
Johnzhang, thanks for your analysis.
Is MPI Generali a separate entity by itself? If not, won't the receivables and securities investment be sold as well thereby lowering the NTA (2.6 - x + 0.74).
The latest annual report stated that revaluation of all the properties were quite recent. Is there any specific reason for the inclination to think that they are severely undervalued (the Pengerang land at about RM0.8+ psf does appear to be undervalued)?
There are many companies that are trading below NTA (e.g. MMC, Insas, etc). Is there any impetus for the major shareholder of MPHB to unlock value at this juncture?
2021-06-24 23:44 | Report Abuse
“I am painfully aware that I have deeply hurt many, many people.” - Bernard Madoff -
"Problem is with official gangster, sub-standard, shop-lot auditor. Spoke to SC and Bursa already." - A 'misrepresented' chairman -
2021-06-24 23:25 | Report Abuse
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.
bobvic96 I hope KPMG can push for Serba's case to be accelerated so we can all know the truth. Of course, that is not going to happen as Serba will back out. They are buying time.
24/06/2021 11:02 PM
2021-06-24 22:48 | Report Abuse
Ha ha ha ha ha ha!
But but... Serba's Chairman spoke to Mabel and confirmed that Mabel is a sweet young thing.
i3lurker mabel is a 80 year old totally bald man wearing Pagoda singlet and dirty white cotton panties, already 3 days not washed.
Chain smoker with yellow nicotine stained fingers trembling to type for 25 sen per word
so those panties will smell of semen from wet dreams on underaged Japanese school girls and also nicotine due to trembling hand always drop ashes on his own panties
PSAi3alert i3lurker, Mabel wishes to contribute her used panties. If she is a Japanese school girl, her used panties can fetch 500 Yen, about RM19. Otherwise can offer her 1 sen each to be made into a 4-ply mask. Can do?
24/06/2021 10:32 PM
2021-06-24 22:25 | Report Abuse
i3lurker, Mabel wishes to contribute her used panties. If she is a Japanese school girl, her used panties can fetch 500 Yen, about RM19. Otherwise can offer her 1 sen each to be made into a 4-ply mask. Can do?
i3lurker no worries
sslee told me he had set aside RM3 Billion also to help Serba
except that rr88 has the first right of refusal to bank in RM2.6 Billion
Posted by pharker > Jun 24, 2021 10:05 PM | Report Abuse
So rr88 is the white knight..lol
24/06/2021 10:09 PM
2021-06-24 22:12 | Report Abuse
ggcomliao, maybe checking of money trial
ggcomliao why bnm also linked in serba loan ah
24/06/2021 9:00 PM
bojed Even my friend who's a top BNM exec was called in for a meeting with the top guns regarding Serba's case with KPMG. Nothing conclusive yet but her manager did say this reminds him of Transmile.
For the sake of our friends in here, I hope it won't follow that route.
24/06/2021 8:55 PM
2021-06-24 18:03 | Report Abuse
Probably a mixture of Stockholm syndrome and boiled frog syndrome.
fifimao I'm wondering why people never exit so much earlier. When you are down by 20% you should exit immediately. This counter looks like going to be a long journey to recovery if it ever recovers. Don't forget it is linked to a party that is in limbo now.
24/06/2021 5:58 PM
2021-06-24 17:40 | Report Abuse
Dont worry, Serbadk will not go up. It will be suspended and delisted.
casion911 Come on guys. Buy buy serbadk now. Still cheappp. Still affordable. Dont wait till it starts to go uppppp.
24/06/2021 5:23 PM
2021-06-24 16:05 | Report Abuse
Voice test by the Fat Lady who is scheduled to sing soon:
Con te partirò
Paesi che non ho mai
Veduto e vissuto con te
Adesso sì li vivrò
Con te partirò
Su navi per mari
Che, io lo so
No, no, non esistono più
Con te io li vivrò
2021-06-24 14:54 | Report Abuse
Is it because Serba has Efire at UrAnus space project?
Steady Punpipi Elon musk accumulating great company like SD
24/06/2021 2:48 PM
2021-06-24 14:37 | Report Abuse
Before 5pm, rr88 will announce that he has made 100k in few minutes of trade. That will be the timeline.
rr88 I read the drama script I know dy where this is going.
0.53 => 0.49 => 0.45 => 0.54 => 0.50 => 0.60 => 0.90 => 1.27
What i dont know is the timeline.
24/06/2021 1:33 PM
2021-06-24 00:47 | Report Abuse
Derrickinvestor, not only 3 directors.
All the following directors will be jointly and severally liable for legal actions by shareholders.
Mohamed Ilyas Pakeer Mohamed
Mohd Abdul Karim Bin Abdullah
Mohamed Nor Abu Bakar
Abdul Kadier Sahib
Awang Daud Bin Pangeran Awang Putera
Syed Nazim Bin Syed Faisal
Masleena Zaid
Johan Mohamed Ishak
Tengku Datuk Seri Hasmuddin Tengku Othman
Hasman Yusri Yusoff
Rozilawati Basir
Sharifah Irina Syed Ahmad Radzi
derrickinvestor sue KPMG cuma acah aje... try to sacre off KPMG... but instead.. the ball thrrow back to the 3 directors
24/06/2021 12:13 AM
2021-06-23 23:56 | Report Abuse
With the rise in Insas share price, sslee is unlikely to accept 1 AP. Try 10 APs. When Insas breaks 1.0, at least 50 APs will be the starting point for discussion.
i3lurker no worries
give sslee 1 AP
and sslee will vouch for him and confirm that he is NOT a liar
can also do Malaysian Standard => Statutory Declaration by sslee to confirm that he did not lie
=> all problem solved, its actually a minor misunderstanding
PSAi3alert Mohamed Ilyas Pakeer used to be an AP king and may have some unused APs in the drawer. Can pay AP papers (RM30,000 per piece) in lieu of cash?
i3lurker Question => Where are the RM500 million Materials on Site?
Answer => It's all in order
ok lets sue him for RM500 million at least
23/06/2021 11:39 PM
23/06/2021 11:47 PM
2021-06-23 23:39 | Report Abuse
Mohamed Ilyas Pakeer used to be an AP king and may have some unused APs in the drawer. Can pay AP papers (RM30,000 per piece) in lieu of cash?
i3lurker Question => Where are the RM500 million Materials on Site?
Answer => It's all in order
ok lets sue him for RM500 million at least
2021-06-23 23:21 | Report Abuse
Should not pecat. By claiming that the accounts are in order etc, he's effectively taking on liabilities upon himself. The moment the company gets delisted, aggrieved shareholders can sue him for 0.625 cents per share for breach of fiduciary duties, misrepresentation and fraud. This will be done via a derivative action. He needs to stay until the very end.
leno ILYAS : what i meant was ... i have talk to bursa and SC in my dream.
PECAT !!
23/06/2021 11:08 PM
2021-06-23 19:27 | Report Abuse
Physical or hybrid meetings are not allowed during MCO. All the participants in yesterday's special conference will need to be fined for violating the SOPs. Except for Cynthia.
2021-06-23 19:24 | Report Abuse
Tok Kong, the decision to appoint EY was pursuant to a BOD meeting a couple of weeks ago. Now, Shafee is saying that the appointment of an independent reviewer is still being deliberated. Is there any BOD meeting to nullify the earlier decision? Was there a quorum of directors in the meeting? Is Has the BOD voted on the decision to appoint Shafee?
Tok Kong read what safi said la..
What is the latest update on the appointment of EY for the independent audit review?
Shafee: This process of appointing an independent reviewer and whether it will be EY, they are still [deliberating].
The idea [for a review] was started by KPMG, and KPMG started with a completely wrong process and a lack of investigation. It is therefore in the interest of the company to set aside the sort of ideas that the auditor has suggested.
23/06/2021 6:58 PM
2021-06-23 14:39 | Report Abuse
He will say that the articles are written by shop-lot, gangster and sub-standard journalists. Always like to provoke provoke only. He will call SC, MACC, MCMC, KFC, MITI, McD, etc to take action against them for pinning down a reputable Bumiputera company.
DoomStock Folks, is he the same person as Chairman??
1st read this; https://www.freemalaysiatoday.com/category/highlight/2021/04/09/co-op
Next read this: https://www.freemalaysiatoday.com/category/nation/2021/04/11/now-kapb
Careful now!
2021-06-23 01:27 | Report Abuse
Yes, suspension appears to be very likely
sam8888 Be very cautious on this, might be able to make fast money but high risk of suspension anytime by SC.
23/06/2021 1:20 AM
2021-06-23 00:43 | Report Abuse
The claims against KPMG were made after after taking into consideration of:
"A loss of RM4,933,800,223.74 in SDHB’s market capitalisation"
The alleged loss in market capitalization is suffered by shareholders not the company. The right party to bring about the suit will be the shareholders, not the company. The claims also need to be specific and particularized, plaintiffs need to come with clean hands and losses need to be mitigated. All missing! The suit will likely be strike off.
On the other hand, the chairman can be subjected to defamation actions by describing KMPG as "shoplot auditor", "Sub-standard auditing" and "behaving like gangster" to third parties.
The chairman also said that he had ex-parte communications with the regulatory and enforcement agencies!?
"They are behaving like official gangsters, hiding behind the veil of whatever act they have. I have got all the information, I spoke to SC and I spoke to Bursa. I think you better clarify your information."
This is no longer Serba Dinamik vs KPMG. It's Serba Dinamik vs the Integrity of the Malaysian Capital Market!
2021-06-22 14:20 | Report Abuse
Launching of Efire at UrAnus space project
2021-06-17 00:05 | Report Abuse
Nikicheong, is there any causation effect between oil price and Armada's financials? Or is it just correlation with share price?
nikicheong Oil is hitting $75. Close above 50 sen tomorrow is good enough
16/06/2021 11:39 PM
2021-06-17 00:01 | Report Abuse
TheGardener, not familiar with Black Scholes 76 formula to go into futures options. Will never invest in a counter like Serba that will likely go bust. I was just watching in case the investors over there were to pee in their pants and the pee may bounce over to other companies in the sector.
I would not read too much into Uthaya Kumar's sale of 200k shares at 0.48. He's an independent non executive director and collected the most fees among all the INEDs. He received RM547k fees for FY2020 and still need to sell shares worth RM96k? Maybe he got margin calls in Serba? Anyway, his fees should be cut or be voted out.
TheGardener @PSAi3alert You are earning smart money! Put some money into Oil future! My two cents no point take risk at Serba (5279)!
16/06/2021 2:17 AM
2021-06-16 01:49 | Report Abuse
markian92, nothing to do with balls. Any guy will have balls unless they were removed due to testicular cancer. The appointment of EY is not up to Karim. All the directors in the audit and risk committee can potentially face personal liability and breach of fiduciary duties actions if they failed to investigate credible allegations of fraud, especially those from the incumbent auditor.
markian92 it will only go up!...Karim got balls to appoint EY to review the audit by KPMG, meaning that he is 100% sure that he has done nothing wrong.
16/06/2021 1:22 AM
2021-06-16 01:41 | Report Abuse
TheGardener, nope! I taking Armada for a spin. 49 to 100 in a few months.
2021-06-16 00:44 | Report Abuse
Armada will break 50 cents this week
2021-06-16 00:15 | Report Abuse
Ron90, invitation to visit (aka raid) from a company to SC is ominous. In Wirecard's case, the authorities went in only after the independent auditor announced that it had not received sufficient documentation to address all allegations of accounting irregularities.
(Wirecard's auditor for 10 years was EY and the independent auditor was KPMG. Reversed roles in Serba.)
Ron90 Karim appoint xtra Bod, extra auditor no use one.. coz SC already masuk investigate.
15/06/2021 11:40 PM
2021-06-15 22:41 | Report Abuse
i3lurker, the Panic Phenomena appears to be quite true! Seen it in Ucrest, Air Asia and now in Serba. A simple shoeshine boy theory made Joseph Kennedy a billionaire (“If shoe shine boys are giving stock tips, then it’s time to get out of the market.”)
i3lurker Actually I have a Panic Index that is very accurate
when forumers panic and attack people, the shares are doomed to be PN17 and confirmed share price will drop tomorrow.
besides me, quite a lot of forumers in i3 had also noticed this "Panic Phenomena"
whenever you see forumers attack people in panic, dun buy the shares ever, you buy you will die.
15/06/2021 10:04 PM
2021-06-14 01:00 | Report Abuse
sunnyleong, limit your alcohol intake. I did not say LD. My post was in response to Zuliana's post at 14/06/2021 12:06 AM that contained the LD word.
2021-06-14 00:44 | Report Abuse
Sunnyleong, nope. I will not pay anything to board a sinking ship. Serba's share price movement does not matter to me directly. However, since I have indirect stake in Serba, through EPF's investments, I will hope that you will continue to buy. Please sailang and go all in. Sell everything that you have, go on margin and buy Serba first thing in the morning!
sunnyleong Limit Down? Better u said pn17 PSA. U want to collect cheap shares, just say it.
Tomorrow up or not, it will not LD. If sui, just down bit by bit. TQ
14/06/2021 12:27 AM
2021-06-14 00:20 | Report Abuse
Zuliana, it's not an issue of being afraid or is the party causing the issue. He who alleges must prove. Serba needs to provide documentary evidence to support it's financial reports. KPMG is not satisfied with the evidence and is not willing to sign off on the accounts. The burden of proof has not shifted.
Serba has agreed to an independent review. The independent review may only be performed by a person that is a member of a recognized professional body and who is qualified as an accounting officer. And in Serba's case, an international firm with presence in all the countries that Serba has business counterparts with is crucial.
Independent non executive directors are hardly the correct parties to perform an independent review. KPMG will certainly not be cowed into a position that compromises the integrity of the capital market in general, and their profession in specific.
Zuliana KPMG not afraid lah. If afraid why they are causing this?
LD tomorrow. No argument.
14/06/2021 12:06 AM
2021-06-13 23:00 | Report Abuse
Perhaps the following individuals can candidates for additional INEDs:
AKK - working experience in the Middle East and the ability to plead ignorance when questioned about any company's financial status is a plus point
MAA - good joget skills but need to be careful not to repeat previous mistake of displaying incriminating evidence in press conferences
DA - ability to deny any documentary evidence inclusive of video of Bali visits
MSA - bagful of tricks to delay any proceedings and can accept loan in lieu of fees
Ron90 why need to appoint INED??..just answer the query la...itu pun cannot brain eh? .. I would assume Karim in the process of lining up lawyers to defend himself and to maintain his assets and $$$.
13/06/2021 10:31 PM
2021-06-13 12:51 | Report Abuse
Awang Daud said that "technicalities of the stock market margin call" is another reason/excuse to sell.
As at last Friday morning, Awang Daud has 62.49M shares. Assuming an equity value to loan ratio of 130%, the outstanding loan will be RM30.76M. The share price drop from 0.64 to 0.605 has reduced the equity to loan ratio to 123%. In order to maintain the 130% ratio, 12.05M shares will need to be force sold at 0.605 this coming Monday. If the price were to drop to 0.58, 21.54M of Awang's shares will be force sold.
The formula will be:
Shares to be force sold = (1.3 * Outstanding Loan - Shares in Margin Acct * Share Price) / (1.3 * Share Price - Share Price)
Bursa has relaxed the rules to include other collaterals, such as bonds, collective investment schemes, unit trusts, gold and immovable properties for purposes of maintaining their client’s margin account that may be accepted by brokers and valued as per the brokers' credit policy. As such, the formula will need to be adjusted to account for top up of other collateral.
(Own used underwear is probably not allowed as collateral. Collection of used Japanese school girl panties can possibly be valued at 20% of last traded price of 500 Yen per garment, but verification of provenance is crucial)
Steady Punpipi Those need to sell due to supidities contra or gambling mentalities oledi cut loss last 2 weeks ago...now left nothing to cut but waiting to collect higher than their cut loss avg price
13/06/2021 12:24 PM
2021-06-12 17:25 | Report Abuse
OrlandoOilSemiconIoT, I seriously doubt if the Ministry of Health will want to get involved.
OrlandoOilSemiconIoT Going to complain to MOH to request MOH to review KPMG 2019 audit of Serbadk
12/06/2021 5:15 PM
2021-06-12 17:23 | Report Abuse
And when is the 'nothing to hide' appointment of an independent firm going to be finalized???
"The Company wishes to clarify that the Company has not officially appointed an independent firm to assess the veracity and accuracy of matters raised by its external auditor, pending the finalisation of the scope of work and clearance from the relevant authorities. The Company undertakes to make an immediate announcement once such appointment has been officially made."
June 4, 2021
"Meanwhile, Serba Dinamik group managing director Datuk Dr Mohd Abdul Karim Abdullah said it would appoint an independent audit firm on Friday (today), the earliest to resolve the audit issues."
June 4, 2021
"Serba Dinamik Holdings Bhd has shortlisted a few international independent firms to assess the veracity and accuracy of matters highlighted by its external auditor, KPMG PLC.
The board of directors is expected to make its decision by the end of next week."
May 29, 2021
"The board is in the midst of appointing an independent firm to commence a special independent review to assess the veracity and accuracy of the matters."
May 25, 2021
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3164219
https://www.nst.com.my/business/2021/06/695738/serba-dinamik-appoint-independent-audit-firm-latest%C2%A0-today%C2%A0
https://www.thestar.com.my/business/business-news/2021/05/29/serba-dinamik-to-finalise-independent-assessment-firm
https://www.theedgemarkets.com/article/serba-dinamiks-external-auditors-flags-statutory-audit-matters-set-independent-review
OrlandoOilSemiconIoT Serbadk has agreed to this
Nothing to hide
9.kpmg proposed another independent review to counter their views.
2021-06-11 18:51 | Report Abuse
Probability, good of you.
"the test of a first-rate intelligence is the ability to hold two opposed ideas in the mind at the same time, and still retain the ability to function" - F. Scott Fitzgerald
probability i promoted earlier and now i need to retract ma.... but i think share price bottom already...next week will likely move up
11/06/2021 5:39 PM
2021-06-10 16:52 | Report Abuse
And who says two long does not make a right?
rr88 The main actor is LONG here. Long as oppose to short, to make profit when price moves up.
10/06/2021 4:31 PM
2021-06-10 15:48 | Report Abuse
Professor, no heist today? Should I wait in the getaway car with Tokyo and Nairobi?
rr88 Im out of here..5000 lots bought. 2000 lots queuing to buy at 0.62...
rr88 Not yet. Not yet. Same people left n right of the buy n sell bids. He is trying to psycho you into selling.
Not yet. Not yet. Come back tomolo. If u see yr balls will wobble n sell to him.
rr88 Wow! It will happen today!
No sellers for 0.63 buyers.
0.635, 0.64 & 0.645 are sitting duck. These positions will be bombed out at 4.00 - 4.15 pm.
0.665 will be taken out 4.30 - 4.45 pm.
It will close at 0.705.
2021-06-10 14:02 | Report Abuse
Ok Professor. V8 engine of getaway car started. NOS boost filled up.
rr88 My cost 5,000 lots @ 0.6312. Target sell price 0.77 thereabout. Intend to add another 2,000 lots at 0.62.
Shud it drop below 0.61 i will dump it in a blink of an eye.
"Dream for the stars. But make sure feet firmly rooted on the ground"
10/06/2021 1:09 PM
Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BERHAD
2021-06-26 16:09 | Report Abuse
Mabel,
Agree with you on Armada. 3.5 coming! (the impossibly high target of 4.50 has been trademarked by DickyMe)
Agree to disagree with you on Serba. Flat-line coming.
Mabel Psa
Really?
Armada short term Target is 55 sen
Armada doing international business, nothing to do with Malaysia politic. Malaysia change government or not doesn't impact to Armada`s earning.
Brent has already breaches Usd 76..
No body asking anyone to buy OK?
Your money your call...
Meow
26/06/2021 2:20 PM