I am deeply sorry that you feel that you are being mocked.

I have originally thought that you are just suffering from schizophrenia and delusional disorder.

Unfortunately, your latest posting is indicating that you are exhibiting a phenomenon known as dissociative identity disorder (DID) and you are alternating among multiple identities, each with its own voice, characteristics and mannerisms.

DID is a "trauma-based illness" and is likely to occur in people who have experienced severe, on-going trauma before the age of 5.

Literature on DID states that:

- A person with DID has two or more distinct identities. The “core” identity is the person’s usual personality. “Alters” are the person’s alternate personalities. Some people with DID have up to 100 alters.

- Alters tend to be very different from one another. The identities might have different genders, ethnicities, interests and ways of interacting with their environments.

Scrolling through this thread will show some interesting "alters", such as a fat male cat impersonating a female cat, a green grasshopper, investorfink etc.

Let's come back to your fear of being "cancelled".

To the best of your knowledge, is the "core" identify undergoing some form of treatment?


When you mentioned about your fear of being "cancelled",

- are you talking as the "core" identity or one of the "alters".

- can you identity all the alters?


Does "Lets make it happen" involve one of the following:

- Self-harm

- Suicidal thoughts

- Violent behavior

Please continue to describe how you feel and refrain from the "Lets make it happen" thoughts above.




ǷearlꙌhite .
Dear fellow DirectMessages users,

I understand the fear of being "cancelled" by the woke culture if you decide to post anything in this forum. However, you would have noticed that the cancel culture always try to belittle you by calling you nasty names, jeers, bring mean and etc.

As you are well aware, that is counterproductive to themselves as they just reinforce the notion that they bring nothing to the table. All time is spent cancelling others that do not agree with them. They nick pick on irrelevant matters.

My advice is for you to focus on the big picture, the issues at hand and do not get distracted with nonsense.

Please feel free to take my articles and circulate to your Telegram/Whatsapp and other forums you visit.

The time to move is now. Lets make it happen.
.
17/11/2021 5:19 PM

Huangbk72,

I agree with you.

However, the fake CEO has Key Action Positive United Team (KAPUT) initiatives that will alter her own perception, that is already disconnected with reality.


Huangbk72 Irrelevant to talk about the past.. Its always easier to nit-pick when the results are set.

Lets predict the future...

My money is on SD being delisted. Legal ramifications on SD BOD...
17/11/2021 3:49 PM

Ok. Will do.

Can you please provide your ward's number?

Will need the info for your correspondence address.

Ward Number:
Hospital Bahagia Ulu Kinta,
31250 Tanjung Rambutan,
Perak Darul Ridzuan


p.s.

For one, stay strong.

For two, keep working on your Key Action Positive United Team (KAPUT) initiatives.

For three, never ever reveal to anyone that you can read minds!

p.p.s.

The Chancellor of the Klingon Empire will get you out soon.


ǷearlꙌhite .
Dear all,
Please disseminate the articles that I write to your Whatsapp Group or Telegram Group.
.
17/11/2021 12:03 PM

https://www.online-psychology-degrees.org/20-famous-people-with-schizophrenia/

Schizophrenia is a severe, chronic mental health disorder that affects the brain and behavior in about 1 percent of the general population. The diagnosis is a heritable trait that is passed down through DNA. Throughout history, this seriously debilitating disease has affected people of all walks of life.

People with schizophrenia often report hearing voices, seeing things that are not really there and having delusional thoughts. They may believe other people are reading their minds, controlling their thoughts, or plotting to harm them or someone they love.

Schizophrenics that do not receive treatment can become withdrawn or agitated as a result of their disease. In some cases, people with schizophrenia may not make sense and in some cases may even sit for hours without moving or talking (catatonic schizophrenia).

At other times people with schizophrenia may appear to be perfectly “normal” until they express their delusional thoughts.

...

Eduard Einstein – 1910-1965
Son of Albert Einstein
Age of Diagnosis: 20

Individual History: Eduard Einstein was born in Zürich, Switzerland, the second son of physicist Albert Einstein and his first wife Mileva Marić.

Albert Einstein and his family moved to Berlin in 1914 shortly after the parents separated. Marić returned to Zürich, taking Eduard and his older brother Hans Albert with her. His father remarried in 1919 and in the 1930s emigrated to the United States under the threat of the German Nazi regime.

Eduard was extremely intelligent and a successful student throughout his education. During his youth Eduard wanted to be a psychoanalyst but was began showing signs of schizophrenia by the age of 20. This led to him to be institutionalized several times. He died in an asylum at age 55 and his family lineage has been used to raise public awareness of schizophrenia.



Vincent van Gogh – 1853 – 1890
Artist
Age of Diagnosis: Unknown

Individual History: Among the most famous schizophrenic people is world renowned artist Vincent Van Gogh.

Van Gogh was a Post-Impressionist Dutch painter, whose work had a far-reaching influence on 20th-century art. His work included portraits, self portraits, landscapes and still life of cypresses, wheat fields and sunflowers. He was reported to have drawn as a child but did not paint until his late twenties.

He completed many of his best-known works during the last two years of his life. In a short period of time, he produced more than 2,100 works of art, including 860 oil paintings and more than 1,300 watercolors, drawings, sketches and prints.

The artist lived in a time when schizophrenia had not yet been identified as a disorder, but many medical professionals today believe van Gogh suffered from it. His unstable moods and a eccentric personality led 150 doctors to hypothesize a posthumous diagnoses.

Van Gogh had recurring psychotic episodes in the last two years of his life, and at age 37, he committed suicide by shooting himself in the chest with a revolver.

Next plan is probably AI sex dolls:

https://www.robotcompanion.ai/

Unsure about 'posaibilities', but 'pangsai-bilities' can be added


hijau belalang next plan?
or just wait for the announcement?
prepare for every posaibilities
16/11/2021 9:12 AM

*** cough cough ***

An AI model to detect Covid-19 using cough sounds has already been developed by MIT researchers in Oct 2020.


*** cough cough ***

Cambridge also has done research on voice and speech as predictors of Covid


*** cough cough cough ***

Open source code of Cambridge's apps can be downloaded here:

https://github.com/cam-mobsys




https://news.mit.edu/2020/covid-19-cough-cellphone-detection-1029

Artificial intelligence model detects asymptomatic Covid-19 infections through cellphone-recorded coughs

Results might provide a convenient screening tool for people who may not suspect they are infected.

Jennifer Chu | MIT News Office

Publication Date:October 29, 2020



https://covid-19-sounds.org/en/blog/voice_covid_icassp.html

Voice and speech as predictors of COVID-19
February 11, 2021

Oh no!

Now we will reading a longer essay that will include new Key Action Positive United Team (KAPUT) indicators:

Shareholders' Mandate
- Founder's legacy 3 - restructure founder shareholdings of Serba, BNM, UMNO, PAS, BERSATU, MCA, MIC, GERAKAN, PKR, DAP, MUDA, HINDRAF, CPM, Digital Gangs (04, 08, Double 7, Tiga Line, 30, 38, 24, 18, 36), Tesla-owners-who-claimed-to-have-leased-cars-but-actually-purchased-using-customers-advanced-sales-but-refused-to-refund club, *.NGOs, *.*, to focus on future strategy, finance, legal - in progress




i3lurker haha psai3alert

you left out BNM, UNNO, PAS, BERSATU, MCA, MIC, GERAKAN, DAP, MUDA, HINDRAF, COMMUNIST PARTY OF MALAYA plus the following: -

Gang 04 which is active in Kedah, Penang, Johor and Kuala Lumpur.

Gang 08 which is active in Kuala Lumpur, Selangor, Penang, Perak, Johor, Negri Sembilan and Malacca.

Double 7 which is active in the peninsula.

Tige Line which is active in 20 areas in Kuala Lumpur, Selangor, Kedah and Perak.

Gang 30 which is active in the peninsula.

Gang 38 which is active in 14 areas in Kepong, Jinjang and Setapak in Kuala Lumpur and in Johor Baru.

Gang 24 (in six areas in Selangor, Kuala Lumpur, Penang, Perak and Johor).

Gang 18 (in eight areas in Selangor, Kuala Lumpur, Perak and Johor).

Gang 36 (Perak, Malacca, Negri Sembilan, Selangor and Kuala Lumpur).







Posted by PSAi3alert > Nov 15, 2021 10:06 PM | Report Abuse

Delusional disorder

- capable of leading Bursa, SC, SEC, BaFin, ACRA, FCA, etc
15/11/2021 10:36 PM

Delusional disorder

Delusional disorder is a serious mental illness where you can’t tell the difference between what’s real and what’s not. Delusions, or false beliefs, comes in several types. Delusions of grandeur are one of the more common ones. It’s when a person believes that he or she has more power, wealth, smarts, or other grand traits than is true.

Even some healthy people can hold unreasonably high opinions of themselves. But unlike them, someone with grandiose delusions is unshakably convinced that their delusions are true.

For example, people with delusional disorder will believe that he/she:

- Built a company ground up to a USD2 Billion company

- is receiving many DMs from fans requesting for further information and/or join the telegram group

- Everyone is screwed up except one self

- Leading bulleted turnaround plans that are perpetually in-progress and are completely detached from reality

- leader of an action group to prevent the hostile takeover of a company (that clearly falsified its accounts, revenue, customers, etc; and is en route to be delisted and prosecuted for multiple offences)

- Strategized and executed MacDonalds's manufacturing and supply chain hub in Malaysia years ago, probably before Ray Kroc was born

- capable of leading Bursa, SC, SEC, BaFin, ACRA, FCA, etc

Researchers don’t know exactly what causes delusions. Sometimes, delusions of grandeur can be a symptom of another mental illnesses, including bipolar disorder and schizophrenia.

Grandiose delusions rarely happen by themselves. Most often, they are likely to also have delusions of persecution, a related condition where the deluded person is convinced that others are out to harm, conspire against, or otherwise mistreat him or her.

For example, the person may believe that:

- dark hands are conspiring against the person or the company that the person has invested in

- all professional and regulatory bodies are conspiring against the person's promoted company

- SC/Bursa/MSWG/rating agencies/all mother-in-laws are practicing double standards


A person with the above believes will have:

--->>> Likelihood of delusional disorder – High

--->>> Likelihood of schizophrenia – High

--->>> Likelihood of recovering without professional help – Very Low

i3lurker,

Don't tell IronShirt that the writ has to be served personally.

Let him clean his backside every time a courier boy turns up.



i3lurker I believe Serba is committed to paying the courier company
so you may receive your letter or you might not.

We have no idea whether courier company is on the activated Grace period or not.
Only insiders like pearlblack will know.

According to pearlblack, Serba dun have money to pay 10 sen for photocopy.

According to pearlblack, Serba dun have money to pay telephone line cut off

and also

According to pearlblack, Serba dun have money to pay internet cut off

there you are......evidently........
what are your chances of backside cleaning?




Posted by IronShirt > Nov 15, 2021 5:16 PM | Report Abuse

neohts CEO Karim should step down and say sorry to all shareholders.
___________________________________

I hope Karim steps Down too....According to ASAi3alert my comment " run Karim run " can
be sued by Karim too....Anyway i cleaned my backside very well today...waiting for Courier
Boy's Lawyer Letter
15/11/2021 6:02 PM

Serba bought the entire business of University Malaysia of Computer Science & Engineering (UNIMY), worth RM2.5 million, from Prestariang in February 2020.

The address of Unimy is Block 12, Star Central @ Cyberjaya, Lingkaran Cyber Point Timur, Cyber 12, 63000 Cyberjaya.

Same address as the building that was supposed to be purchased from Awanbiru:

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3208306




i3lurker there is an IT arm?
15/11/2021 4:36 PM

https://www.reuters.com/article/us-wirecard-auditor-report-idUSKCN22A0R4

“I would like to underline that, overall and in every point, the allegations were not confirmed,” CEO Markus Braun told a conference call with reporters.


https://www.dw.com/en/former-wirecard-ceo-markus-braun-arrested/a-53905720

Former Wirecard CEO Markus Braun arrested

"Prosecutors have arrested the former head of German payment services provider Wirecard on suspicion of accounting fraud and market manipulation. Braun's bail has been set at €5 million."

Missing €1.9 billion probably 'does not exist'

On Monday, Wirecard said its management board "assesses on the basis of further examination that there is a prevailing likelihood that the bank trust account balances in the amount of €1.9 billion ($2.1 billion) do not exist.''

Do you wish to advise Serba's directors, officers and associates to wash their backsides?



False or misleading statements, etc.
177. A person shall not make a statement, or disseminate information, that is false or misleading in a material particular and is likely to induce the sale or purchase of securities by other persons or is likely to have the effect of raising, lowering, maintaining or stabilising the market price of securities if, when he makes the statement or disseminates the information—
(a) he does not care whether the statement or information is true or false; or
(b) he knows or ought reasonably to have known that the statement or information is false or misleading in a material particular

Fraudulently inducing persons to deal in securities
178. (1) A person shall not—
(a) by making or publishing any statement, promise or forecast that he knows to be misleading, false or deceptive;
(b) by any dishonest concealment of material facts;
(c) by the reckless making or publishing, dishonestly or otherwise, of any statement, promise or forecast that is misleading, false or deceptive; or
(d) by recording or storing in, or by means of, any mechanical, electronic or other device, information that he knows to be false or misleading in a material particular, induce or attempt to induce another person to deal in securities.

Prohibited conduct of person in possession of inside information
188. (1) A person is an “insider” if that person—
(a) possesses information that is not generally available which on becoming generally available a reasonable person would expect it to have a material effect on the price or the value of securities; and(b) knows or ought reasonably to know that the information is not generally available.

(2) An insider shall not, whether as principal or agent, in respect of any securities to which information in subsection (1) relates—
(a) acquire or dispose of, or enter into an agreement for or with a view to the acquisition or disposal of such securities; or
(b) procure, directly or indirectly, an acquisition or disposal of, or the entering into an agreement for or with a view to the acquisition or disposal of such securities.

(3) Where trading in the securities to which the information in subsection (1)
relates is permitted on a stock market of a stock exchange, the insider shall not, directly or indirectly, communicate the information referred to in subsection (1), or cause such information to be communicated, to another person, if the insider knows, or ought reasonably to know, that the other person would or would tend to—
(a) acquire, dispose of, or enter into an agreement with a view to the acquisition or disposal of, any securities to which the information in subsection (1) relates; or
(b) procure a third person to acquire, dispose of or enter into an agreement with a view to the acquisition or disposal of, any securities to which the information in subsection (1) relates.

(4) A person who contravenes subsection (2) or (3) commits an offence and shall be punished on conviction to imprisonment for a term not exceeding ten years and to a fine of not less than one million ringgit.


IronShirt PSAi3alert Cannot sue because:

Process Dynamics - fake project
Pavilion Qatar Engineering Co. W. L.L -fake project
Halul Offshore Services Company WLL - fake project
New Thunder Technical Services - fake project
Block 7 - fake project
Future Digital Data Systems LLC - fake project
Lata International Trading and Services - fake project
Regno International Trading & Services W.L.L - fake proje
_____________________________________

Karim asks you to wash your backside well bcos He is going to sue you
14/11/2021 7:48 PM

I always wash my backside after taking a crap.

Why is there a need to wash backside if Karim is threatening to sue me?

Even if he were to sue for defamation, I will apply for striking out because I have not uttered any defamatory words against him personally.

The post below, is however, can be considered defamatory against him personally.

[ Posted by IronShirt: Nov 13, 2021 10:31 AM

Run Karim Run. I can arrange submarine ticket just like J. Low's escape ]

For civil cases, the relevant legislation is the Defamation Act 1957.

Criminal defamation is covered by Chapter XXI (Sections 499 to 502) of the Penal Code. You are probably referring to criminal defamation for the need to wash backside after losing in 3 stages (Sessions Court, High Court & Court of Appeal) or 4 stages (HIgh Court, Court of Appeal, Leave Application to Federal Court & Federal Court).

These are the typical defences to defamation:

Justification – This means the statements made were actually true. For example, if A was really a convicted criminal, a statement that A was convicted of a criminal offence, is not defamatory.

Fair Comment – This is where the statement made is an honest expression of an opinion about a matter of public interest.

Absolute Privilege – Where a situation or person is covered by absolute privilege, they cannot be sued for statements made even if they are defamatory. An example would be “a fair and accurate and contemporaneous report of proceedings” in court, as well as the “judgment, sentence or finding of such court”.

Qualified Privilege – This covers situations where the maker of the statement has a legal or moral duty to make the statement, or where the statement is made to further a legitimate common interest. For example, it may be qualified privilege for a former employer to communicate information about the character of a former employee, to that individual’s future employer (if he is asked for a reference). That being said, the defence of qualified privilege can be defeated if the claimant can show that the maker of the statement was motivated by malice.

The Media Defences -The defences of Reynolds’ Privilege (commonly referred to as responsible journalism) and Neutral Reportage, although known as the media defences, are not strictly available to media defendants only. They are in fact available to anyone who publishes contents on matters of public interest. To succeed in establishing Reynold’s Privilege as a defence, two requirements must be satisfied:
- The publication must be on a matter of public interest; and
- The steps taken to gather, verify and publish the information must be responsible and fair (ie. responsible journalism).

Since the above cases will take some time, when do you propose that we wash our respective backsides?



IronShirt PSAi3alert Cannot sue because:

Process Dynamics - fake project
Pavilion Qatar Engineering Co. W. L.L -fake project
Halul Offshore Services Company WLL - fake project
New Thunder Technical Services - fake project
Block 7 - fake project
Future Digital Data Systems LLC - fake project
Lata International Trading and Services - fake project
Regno International Trading & Services W.L.L - fake proje
_____________________________________

Karim asks you to wash your backside well bcos He is going to sue you
14/11/2021 7:48 PM

Cannot sue because:

Process Dynamics - fake project
Pavilion Qatar Engineering Co. W. L.L -fake project
Halul Offshore Services Company WLL - fake project
New Thunder Technical Services - fake project
Block 7 - fake project
Future Digital Data Systems LLC - fake project
Lata International Trading and Services - fake project
Regno International Trading & Services W.L.L - fake project
Midad Industrial Services - fake project
PT Pilar Bahtera Energi - fake project
Revenue International LLC - fake project
Sufini Holdings Ltd - fake project
Captiv Techno Solutions Private Limited - fake project
Analog and Digital Labs India Private Limited - fake project
Hazarasp Chlor Alkali LLC FC - fake project
Nam Taep 1,2,3 Hydropower Co Ltd - fake project
Hydro Village Private Ltd - fake project


IvanC Why serba don't want sue his customer?
Since his customer all don't want pay him money.
Sue all not relevant party for what???
14/11/2021 7:13 PM

Erotomania

Erotomania, also known as de Clerambault’s Syndrome, named after French psychiatrist Gaetan Gatian de Clerambault, is listed in the DSM-5 as a subtype of a delusional disorder.

It is a relatively uncommon paranoid condition that is characterized by an individual's delusions of another person being infatuated with them.

The object of the delusion is typically a person who is unattainable due to high social or financial status, marriage or disinterest.

The object of obsession may also be imaginary, deceased or someone the patient has never met.

Delusions of reference are common, as the erotomanic individual often perceives that they are being sent messages from the secret admirer through innocuous events such as seeing license plates from specific states, but has no research development proof.

Commonly, the onset of erotomania is sudden, and the course is chronic.



Mabel

Mabel So Happy....

Hong Kong got many handsome boyfriends. Hong Kong got Leslie Chung la, Kris Wu la, Eddie Peng la, Donnie Yeh la, Jackie Chan la, Chow Yun Fatt la, Nicholas Tze la, Jackie Chung la and many more.


Meow
14/11/2021 4:11 PM

Honestly, if RM4.54 Billion is written off, the shareholders equity becomes -RM633,900,000 ( 3,906,100,000 - 4,540,000,000)

If we use negative equity of RM633.9M as a basis, then the share price will be:

- RM633.9M / 3727M = -0.17/share

What if the non-existent asset is actually RM8.545833 Billion?

Then the equity will be -RM4,639.733 Billion (RM3.9061B - RM8.545833B), of which then the share price will be:

- RM4,639.733B / 3.727B = - RM1.24/share

--->>> So the share price will range from -RM0.17/sh to -RM1.24/sh


InvestorKING Honestly, KPMGG suspected the contract got issue which is around rm4.54billion, then share plunged from 1.6 to 0.32, few times limit down already (from 1.61 first limit down to 1.13, then second limit down from 1.13 to 0.795, then all the way to 0.32, then rebounded back to 0.50+).

If we use tHis rm4.54billion as a basis, then with 3.272billion shares, 4.54/3.272=1.22

1.61-1.22=0.39

This 0.39 is the price that based on the assumption that the accounting got issue of rm 4.54billion. so current price is actually quite attractive already.

However, if the new auditor can confirm that the accounting has no issue of rm 4.54 billion, then what do you think?
14/11/2021 11:09 AM

Personal aide memoire on Mr Fat Cat & Black Pearl below.


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

Serba is displaying signs of vexatious litigant. If declared as a vexatious litigants, the company will not be able to access the courts anymore.

“17. Vexatious litigants

Power to restrain any person who has habitually and persistently and without reasonable cause instituted vexatious legal proceedings in any court, whether against the same or different persons, from instituting any legal proceedings in any court save by leave of a Judge. A copy of any such order shall be published in the Gazette.”

Features common among all obsessive litigants - relentless activity, outstanding tenacity, personal elation, abuse of logic, and graphomania (compulsive urge to write).

May exhibit the classic symptoms of a variant of de Clerambault’s syndrome. It is a syndrome named after a French psychiatrist, who described such syndrome as “litigious behaviour”

Erotomania

Erotomania, also known as de Clerambault’s Syndrome, named after French psychiatrist Gaetan Gatian de Clerambault, is listed in the DSM-5 as a subtype of a delusional disorder.

It is a relatively uncommon paranoid condition that is characterized by an individual's delusions of another person being infatuated with them.

The object of the delusion is typically a person who is unattainable due to high social or financial status, marriage or disinterest.

The object of obsession may also be imaginary, deceased or someone the patient has never met.

Delusions of reference are common, as the erotomanic individual often perceives that they are being sent messages from the secret admirer through innocuous events such as seeing license plates from specific states, but has no research development proof.

Commonly, the onset of erotomania is sudden, and the course is chronic.

Delusional disorder

Delusional disorder is a serious mental illness where you can’t tell the difference between what’s real and what’s not. Delusions, or false beliefs, comes in several types. Delusions of grandeur are one of the more common ones. It’s when you believe that you have more power, wealth, smarts, or other grand traits than is true.

Even some healthy people can hold unreasonably high opinions of themselves. But unlike them, someone with grandiose delusions is unshakably convinced that their delusions are true.

For example, you may believe that you:

- Built a company ground up to a USD2 Billion company

- are receiving many DMs from fans requesting for further information and/or join the telegram group

- Has access to Directors Meeting Records of all listed companies

- Leading bulleted turnaround plans

- leader of an action group to prevent the hostile takeover of a company (that clearly falsified its accounts, revenue, customers, etc; and is en route to be delisted and prosecuted for multiple offences)

Researchers don’t know exactly what causes delusions. Sometimes, delusions of grandeur can be a symptom of another mental illnesses, including bipolar disorder and schizophrenia.

Grandiose delusions rarely happen by themselves. Most often, you likely to also have delusions of persecution, a related condition where you’re convinced that others are out to harm, conspire against, or otherwise mistreat you.

For example, you may believe that:

- dark hands are conspiring against you or the company that you have invested in

- all professional and regulatory bodies are conspiring against your promoted company

joyvest,

Thanks. Thank you for your untiring efforts in Serba and Ucrest.


joyvest Yer..I enjoyed reading the story posted by PSA too.

These people are so delusional that their visions are completely blinded and minds are totally blocked of the highest order.

One man's Meat is another Man Poison does not apply here. Basically, no reasonable sensible man would acknowledge this as meat but poison.

The only way you can redeem yourselves is to open up your eyes and minds....
13/11/2021 9:45 AM

Sslee,

Thanks.

Insas looking good. Big Kahunas can start buying already.


Sslee Thumb up to PSAi3alert. The best story I ever read. Salute.

Lessons of Bilis the bird

Once upon a time, there was a contrarian sparrow, named Bilis, who decided not to fly south for the winter. However, soon the weather turned so cold that he reluctantly started southward.

In a short time, ice began to form on his wings and he fell to earth in a barnyard, almost frozen.

A cow passed by and crapped on little Bilis.

Bilis thought it was the end.

But then the manure warmed him and defrosted his wings.

Warm and happy, able to breathe, Bilis started to sing.

Just then Mable - a large male cat impersonating as a female cat - came by and hearing the chirping, investigated the sounds.

Mable cleared away the manure, found the chirping sparrow and promptly ate Bilis.


Moral of the story:

1. Everyone who shits on you is not necessarily your enemy.

2. Everyone who gets you out of shit is not necessarily your friend.

3. Be wary of Mable - the fat male cat impersonating as a female cat

Serba filed an application for an interim injunction and filed a certificate of urgency, but went to Court unprepared.


“I will allow the plaintiff (Serba Dinamik) to respond to the affidavits following their request within one week of today (Nov 11). As to their request for an ad interim [injunction] and balancing in the interests of justice, this court orders that no ad interim order be granted," ruled Justice Datuk Ahmad Fairuz Zainol Abidin.

“The company cannot profit from its unpreparedness for them to proceed on the two matters this morning,” said the judge.

Serba Dinamik on Nov 5 filed a lawsuit against EY seeking to restrain the auditor from sharing any findings or opinions on the company.

The company also filed an application for an interim injunction, which was fixed for hearing on Thursday after the company also filed a certificate of urgency for the application to be heard as soon as possible.

SC has the power to publish information under 152A.


152A. Power of Commission to publish information.

The Commission may, where it thinks necessary or expedient in the interest of the public or for the protection of investors and in such form or manner as it thinks fit, publish any information in relation to—

(a) the grant of, lapsing, revocation or suspension of an approval, licence or exemption granted under the securities laws to any person;

(b) any rulings issued under the securities laws;

(c) any action taken under section 354, 355 or 356 of the Capital Markets and Services Act 2007;

(d) an order by the court under section 360 of the Capital Markets and Services Act 2007;

(e) the compounding of any offence—
(i) under the securities laws; or
(ii) under any other law, whether the law of Malaysia or any territory or country outside Malaysia;

(f) any civil or criminal proceedings brought—
(i) under the securities laws against any person and the outcome of such proceedings, including any settlement, whether in or out of court; or
(ii) under any other law, whether the law of Malaysia or any territory or country outside Malaysia, against any person and the outcome of such proceedings, including any settlement, whether in or out of court;

(fa) any action taken under section 125 of the Capital Markets and Services Act 2007;

(fb) any action taken under section 220 of the Capital Markets and Services Act 2007; or;

https://www.theedgemarkets.com/article/sc-says-serba-dinamik-probe-ongoing-backs-ey-special-review

"Subsequently, the SC issued a Section 152 Securities Commission Malaysia Act 1993 (SCMA) notice to require EY to disclose its SIR findings for the SC’s review, according to the email reply."

Section 152 is about disclosure of information to SC.

Section 152 Securities Commission Malaysia Act 1993 (SCMA)

152. Disclosure of information to Commission.

(1) The Commission may, by notice in writing, require any person to disclose to the Commission such information as the Commission may specify in the notice as it deems expedient for the due administration of the securities laws.

(2) Where any information is required to be disclosed to the Commission under subsection (1) , the person to whom the notice is directed shall not-
(a) disclose or cause to be disclosed any information that is false or misleading;
(b) disclose or cause to be disclosed any information from which there is a material omission; or
(c) engage in, or aid, or abet, conduct that is misleading or deceptive or is likely to mislead or deceive the Commission.

(3) Without prejudice to subsection (2) , where a person referred to in subsection (1) becomes aware that-
(a) any information disclosed to the Commission under subsection (1) is false or misleading;
(b) any information disclosed to the Commission under subsection (1) is information from which there is a material omission; or
(c) the person's conduct is misleading or deceptive or is likely to mislead or deceive the Commission, the person shall advise the Commission of the facts and shall take such action as the Commission may require.

(4) A person who contravenes subsection (2) or (3) shall be guilty of an offence and shall on conviction be punished with a fine not exceeding one million ringgit or imprisonment for a term not exceeding ten years or both.

Probably from the Klingons or Martians


leno nobody DM
could be hallucination
side effect of losing big money ?
12/11/2021 11:25 AM

calvintaneng,

Still waiting for answers from you

Jul 30, 2021 7:23 PM

calvintaneng,

Perhaps too much working from home is causing your contacts to have temporary memory loss.

Both Mustakim Bin Mat Nun and Amirul Afif Bin Abd Aziz are indirect shareholders of One Hydro Power Sdn Bhd, which in turn is a wholly-owned subsidiary of OHP Ventures Sdn Bhd. In fact Mustakim Bin Mat Nun Amirul Afif Bin Abd Aziz, and Zainal Azwadi Zainal Abidin are also directors of OHP Group.

I will now answer those questions that have been posed.

When KPowernet accepted the award by Zhenghong for the Nam Taep 1,2,3 Hydropower Co Ltd ("NT") project valued at USD40.7M in June 2020, the same project that was awarded by NT to Serba, valued at USD66.2M, in July 2018 ought to have been terminated.

You just cannot sell the Brooklyn Bridge twice. Furthermore, Mustakim, Amirul and Zainal ought to know since all three of them are directors of the OHP Group and OHP Group has 35.7% stake in NT.

The impacts for Serba are now:

--->>> Serba will need to write-off RM20.99M from its receivables for the hydro power projects in Laos (FYE 2019: RM12.326M, 15months ended 31-03-2021: RM8.664M)

--->>> Serba will need to write-off RM3.36M (USD800,000) for it's 34.3% stake in NT because Zhenghong is now allegedly the owner for the hydro power plants (the 49% stake in OHP Ventures was purchased form OHPVSB in Oct 2018. OHP Ventures has 70% share in NT)

With the NT and Serba confusion out of the way, we will now try to understand the awards by Zhenghong Building Road and Bridge Construction Co Ltd.

KPowernet announced 2 awards by Zhenghong:
- USD40.7M in June 2020 (3x5 megawatt Nam Taep 1 and 3x5MW Nam Taep 2 hydropower project)
- USD15.88M in Feb 2020 (8 megawatt Nam Samoy hydropower project)

Zhenghong Building Road and Bridge Construction Co Ltd is a company registered by Zheng FuJun in Laos. Zheng Fujun has also registered 3 other companies in Laos - Lao Fanya Marble-Granite Rock Co. Ltd, Lao Fanya Agriculture Investments Co. Ltd and Lao-China Yuan Sheng Real Estate Development Co. Ltd.

None of those companies registered by Zheng FuJun has a power purchasing agreement with Electricite du Laos. Without a PPA in place, it will be impossible to obtain fundings.

Even with a signed PPA, funding will be challenging because of a situation of over-capacity of hydropower plants and debt levels that have resulted in the downgrading of the country's rating to CCC.

Of the 90 hydropower plants that have been planned, 56 plants are in operation with a total capacity of 8,768 Megawatts. Thailand and Yunnan Province in China have had an electricity surplus in recent years and have reduced their demand from Laos.

I do have a couple of additional questions:

--->>> Question: How much of the USD40.7M (3x5 megawatt Nam Taep 1 and 3x5MW Nam Taep 2 hydropower project) contract has been recognized as receivables by KPower?

--->>> Question: How much of the USD15.88M (8 megawatt Nam Samoy hydropower project) contract has been recognized as receivables by KPower?

( p.s. Please ask your contact to update the information at https://www.ohpgroup.co/houaphan and https://www.ohpgroup.co/vientiane before they get more confused themselves)



calvintaneng PSAi3alert

Your question is noted
I still trying to contact person in charge now working from home

Once got will update you

In any case all the negatives have been priced in
29/07/2021 1:07 PM


PSAi3alert calvintaneng,

Have you obtained answers for the following questions?

Questions

In July 2018, Serba got awarded a USD66.2M project by "NT" for the 3x5MW Nam Taep 1 and 3x5MW Nam Taep 2 hydropower energy facility

In June 2020, KPower announced the award by Zhenghong Building Road & Bridge Construction Co Ltd for the 3x5 megawatt (MW) Nam Taep 1 and 3x5MW Nam Taep 2 hydropower energy generating facilities

--->>> Question: How can Zhenghong award the same project to KPowernet for US$40.7mil in June 2020, when NT already awarded the project to Serba for USD66.2M in July 2018?
--->>> Question: Has NT terminated the contract that was previously signed with Serba?
Nam Samoy Hydropower Co. Ltd. was already listed at the developer of the Nam Samoy project that was intended to qualify as a CDM project in a 2014.
--->>> Question: How can Zhenghong award the same project to KPower in Feb 2020?
--->>> Question: Is there any evidence to show that Zhenghong has signed PPAs with Électricité du Laos for both projects?
--->>> Question: Since Fitch has downgraded Laos country rating to CCC, how are the projects going to be funded?

calvintaneng,

Still waiting for answers from you

Jul 30, 2021 7:23 PM

calvintaneng,

Perhaps too much working from home is causing your contacts to have temporary memory loss.

Both Mustakim Bin Mat Nun and Amirul Afif Bin Abd Aziz are indirect shareholders of One Hydro Power Sdn Bhd, which in turn is a wholly-owned subsidiary of OHP Ventures Sdn Bhd. In fact Mustakim Bin Mat Nun Amirul Afif Bin Abd Aziz, and Zainal Azwadi Zainal Abidin are also directors of OHP Group.

I will now answer those questions that have been posed.

When KPowernet accepted the award by Zhenghong for the Nam Taep 1,2,3 Hydropower Co Ltd ("NT") project valued at USD40.7M in June 2020, the same project that was awarded by NT to Serba, valued at USD66.2M, in July 2018 ought to have been terminated.

You just cannot sell the Brooklyn Bridge twice. Furthermore, Mustakim, Amirul and Zainal ought to know since all three of them are directors of the OHP Group and OHP Group has 35.7% stake in NT.

The impacts for Serba are now:

--->>> Serba will need to write-off RM20.99M from its receivables for the hydro power projects in Laos (FYE 2019: RM12.326M, 15months ended 31-03-2021: RM8.664M)

--->>> Serba will need to write-off RM3.36M (USD800,000) for it's 34.3% stake in NT because Zhenghong is now allegedly the owner for the hydro power plants (the 49% stake in OHP Ventures was purchased form OHPVSB in Oct 2018. OHP Ventures has 70% share in NT)

With the NT and Serba confusion out of the way, we will now try to understand the awards by Zhenghong Building Road and Bridge Construction Co Ltd.

KPowernet announced 2 awards by Zhenghong:
- USD40.7M in June 2020 (3x5 megawatt Nam Taep 1 and 3x5MW Nam Taep 2 hydropower project)
- USD15.88M in Feb 2020 (8 megawatt Nam Samoy hydropower project)

Zhenghong Building Road and Bridge Construction Co Ltd is a company registered by Zheng FuJun in Laos. Zheng Fujun has also registered 3 other companies in Laos - Lao Fanya Marble-Granite Rock Co. Ltd, Lao Fanya Agriculture Investments Co. Ltd and Lao-China Yuan Sheng Real Estate Development Co. Ltd.

None of those companies registered by Zheng FuJun has a power purchasing agreement with Electricite du Laos. Without a PPA in place, it will be impossible to obtain fundings.

Even with a signed PPA, funding will be challenging because of a situation of over-capacity of hydropower plants and debt levels that have resulted in the downgrading of the country's rating to CCC.

Of the 90 hydropower plants that have been planned, 56 plants are in operation with a total capacity of 8,768 Megawatts. Thailand and Yunnan Province in China have had an electricity surplus in recent years and have reduced their demand from Laos.

I do have a couple of additional questions:

--->>> Question: How much of the USD40.7M (3x5 megawatt Nam Taep 1 and 3x5MW Nam Taep 2 hydropower project) contract has been recognized as receivables by KPower?

--->>> Question: How much of the USD15.88M (8 megawatt Nam Samoy hydropower project) contract has been recognized as receivables by KPower?

( p.s. Please ask your contact to update the information at https://www.ohpgroup.co/houaphan and https://www.ohpgroup.co/vientiane before they get more confused themselves)



calvintaneng PSAi3alert

Your question is noted
I still trying to contact person in charge now working from home

Once got will update you

In any case all the negatives have been priced in
29/07/2021 1:07 PM


PSAi3alert calvintaneng,

Have you obtained answers for the following questions?

Questions

In July 2018, Serba got awarded a USD66.2M project by "NT" for the 3x5MW Nam Taep 1 and 3x5MW Nam Taep 2 hydropower energy facility

In June 2020, KPower announced the award by Zhenghong Building Road & Bridge Construction Co Ltd for the 3x5 megawatt (MW) Nam Taep 1 and 3x5MW Nam Taep 2 hydropower energy generating facilities

--->>> Question: How can Zhenghong award the same project to KPowernet for US$40.7mil in June 2020, when NT already awarded the project to Serba for USD66.2M in July 2018?
--->>> Question: Has NT terminated the contract that was previously signed with Serba?
Nam Samoy Hydropower Co. Ltd. was already listed at the developer of the Nam Samoy project that was intended to qualify as a CDM project in a 2014.
--->>> Question: How can Zhenghong award the same project to KPower in Feb 2020?
--->>> Question: Is there any evidence to show that Zhenghong has signed PPAs with Électricité du Laos for both projects?
--->>> Question: Since Fitch has downgraded Laos country rating to CCC, how are the projects going to be funded?

Justice Datuk Ahmad Fairuz Zainol Abidin

His Lordship was elevated as a High Court Judge on 25th March 2020

His Lordship was appointed as a Judicial Commisioner on 30th March 2018

Appointed as deputy chief executive in 2016

Joined the SC in 2012 as executive director of enforcement

More than 14 years as Deputy Public Prosecutor at the Attorney General’s Chambers.

He obtained his Bachelor of Laws with Honours degree from University of Wales College of Cardiff, United Kingdom in 1992.

He also holds a Master of Criminal Justice from University Malaya as well as Master of Prosecutions from University of Wollongong, Australia.

Datuk Ahmad is a Chevening Fellow having attended a fellowship at the University of Birmingham, United Kingdom under the auspices of the UK government.

A qualified Barrister-At-Law (Lincolns Inn)

Destroying evidence: In progress

Not so fast.

Serba will sue Lady Ramunia and Karma.

In addition, Serba will argue that the Islamic sukuk bonds cannot charge interest and the correct spelling is kupon , not coupon.



i3lurker Karma at work

Lady Ramunia 100% bankruptcy rate wins again


https://www.theedgemarkets.com/article/serba-dinamik-misses-coupon-payment-us300m-sukuk

KUALA LUMPUR (Nov 11): Serba Dinamik Holdings Bhd, which is currently in a legal stand-off with Bursa Malaysia, KPMG and EY Consulting, has missed the coupon payment due on its US$300 million sukuk two days ago (Nov 9).
11/11/2021 5:41 PM

The author of the book, Datuk Loh Siew Cheang, is the counsel representing Bursa.

Loh argued that it was Serba Dinamik which had opted to take in E&Y to conduct the SIR after it was not satisfied with the audit issues raised by its external auditor KPMG.

“It was them (Serba Dinamik) that wanted E&Y and not us. They say it was our directive, which is not correct and the press releases issued by them shows this. We have not committed anything as we have not even released the report. If this court grants an ad interim injunction, it would act as an injunction and we sincerely object to this and are prepared to argue.

“Furthermore, it is Serba Dinamik which has filed a certificate of urgency to have this matter heard and we are here. When a certificate of urgency is filed in the court, it means to rescue the litigant and for the court to address immediately — and now they are asking for an adjournment,” Loh said.


gohkimhock this is a very nice book to read. Get it if you can.
Corporate Powers Accountability

https://www.lexread.lexisnexis.com/product/corporate-powers-accountability
11/11/2021 2:50 PM

InsiderShark,

You summarized the issues in 3 paragraphs.

Thanks!


InsiderShark Bursa says release the SIR report
Serba says no FFU report

Bursa says go find someone to do SIR
Serba says why you force me to choose EY?

Serba playing with words, pusing pusing, deny....
11/11/2021 1:10 PM

Focus Malaysia? Serba's mouthpiece?

Ha ha ha


Depeche @PSAi3alert.. read every line and you'll find the answer... this pc of news from FOCUS MALAYSIA.
11/11/2021 12:16 PM

KPMG settling with Serba?

Hahahaha

FFU (Factual Finding Updates)!


Jul 31, 2021 5:32 PM Posting

"Ex turpi causa non oritur actio" and the need for locus standi in filing an action.

Some thoughts below:

I believe that the suit will not proceed to trial. KPMG's lawyer, Lee H, ought to have applied to strike the suit. The suit is fundamentally flawed because the company cannot not be the plaintiff in filing the suit. Serba is asking for losses in the market capitalization, but gains or losses in market capitalization are by the shareholders, not the company.

The shareholders and creditors may have a cause of action if KPMG has negligently failed to detect financial irregularities and the company has subsequently gone bust. Under this scenario, the plaintiff will be shareholders and/or liquidator; and the defendants will be the directors, KPMG and the company (under a derivative action).

Even if the case were to go to trial, the odds are against Serba because:

- Lack of 'Clean Hands' - "Fraus omnia corrumpit"
Till date, KPMG has done and said absolutely nothing that can possibly impact changes in Serba's share price. It was Serba's actions, press statements, press conferences and defamatory remarks that have caused the drop in the market capitalization

- Failed to mitigate losses
The onus is on the client to provide evidence to the auditor for the accounts to be signed off. If the client is unhappy that the auditor is not willing to sign off the accounts, the client can change the auditor but certainly not compel the auditor to change their opinions. (Can an alcoholic slanted-eye person sue his doctor for not issuing a health certificate that is required to fly a commercial airplane?)

- Contradictory statements
Alleging KPMG has impacted business and saying Business-As-Usual is blowing hot and cold

- Will not be able to gather witnesses
Based on the reasons stated by the INEDs for their resignations coupled with unequivocal statements by SC and Bursa, Serba will not be able to gather any credible witness for their case.

- Filing multiple frivolous vexatious suits is considered an abuse of the judicial process
First against KPMG. Then Bursa. Now EY Consulting.



Mabel

7. Go for Snow While Option b).Enter into discussions for a financial settlement favourable to SD. This is Fast and Furious but Efficient. They have engaged the Best Lawyer!. Potential capital gain and Special Dividend once this KPGG thingy is resolved..

"He who comes to equity must come with clean hands"

The maxim that a plaintiff in equity must approach the court with clean hands alludes to a number of distinct rules whereby a particular conduct may lead to a refusal of relief.

This maxim is closely linked with "he who seeks equity must do equity".

It draws attention to the origins of equity in a "court of conscience" and serves to point to a very important distinction between law and equity, viz, the ability of equity to give conditional relief.

The moment fake revenue is recorded, offences have been committed. Subsequent cancellation of the fake projects is irrelevant.

SC can already commence civil and criminal actions against the company, directors and officers.


Sleep like a baby. Life is beautiful. Fluffy rabbit and teddy bear.



False or misleading statements, etc.
177. A person shall not make a statement, or disseminate information, that is false or misleading in a material particular and is likely to induce the sale or purchase of securities by other persons or is likely to have the effect of raising, lowering, maintaining or stabilising the market price of securities if, when he makes the statement or disseminates the information—
(a) he does not care whether the statement or information is true or false; or
(b) he knows or ought reasonably to have known that the statement or information is false or misleading in a material particular

Fraudulently inducing persons to deal in securities
178. (1) A person shall not—
(a) by making or publishing any statement, promise or forecast that he knows to be misleading, false or deceptive;
(b) by any dishonest concealment of material facts;
(c) by the reckless making or publishing, dishonestly or otherwise, of any statement, promise or forecast that is misleading, false or deceptive; or
(d) by recording or storing in, or by means of, any mechanical, electronic or other device, information that he knows to be false or misleading in a material particular, induce or attempt to induce another person to deal in securities.

Prohibited conduct of person in possession of inside information
188. (1) A person is an “insider” if that person—
(a) possesses information that is not generally available which on becoming generally available a reasonable person would expect it to have a material effect on the price or the value of securities; and(b) knows or ought reasonably to know that the information is not generally available.

(2) An insider shall not, whether as principal or agent, in respect of any securities to which information in subsection (1) relates—
(a) acquire or dispose of, or enter into an agreement for or with a view to the acquisition or disposal of such securities; or
(b) procure, directly or indirectly, an acquisition or disposal of, or the entering into an agreement for or with a view to the acquisition or disposal of such securities.

(3) Where trading in the securities to which the information in subsection (1)
relates is permitted on a stock market of a stock exchange, the insider shall not, directly or indirectly, communicate the information referred to in subsection (1), or cause such information to be communicated, to another person, if the insider knows, or ought reasonably to know, that the other person would or would tend to—
(a) acquire, dispose of, or enter into an agreement with a view to the acquisition or disposal of, any securities to which the information in subsection (1) relates; or
(b) procure a third person to acquire, dispose of or enter into an agreement with a view to the acquisition or disposal of, any securities to which the information in subsection (1) relates.

(4) A person who contravenes subsection (2) or (3) commits an offence and shall be punished on conviction to imprisonment for a term not exceeding ten years and to a fine of not less than one million ringgit.

Trending Now - Fake Uncollectable (FU) Receivables

Serba

Process Dynamics
Pavilion Qatar Engineering Co. W. L.L
Halul Offshore Services Company WLL
New Thunder Technical Services
Block 7
Future Digital Data Systems LLC
Lata International Trading and Services
Regno International Trading & Services W.L.L
Midad Industrial Services
PT Pilar Bahtera Energi
Revenue International LLC
Sufini Holdings Ltd
Captiv Techno Solutions Private Limited
Analog and Digital Labs India Private Limited
Hazarasp Chlor Alkali LLC FC
Nam Taep 1,2,3 Hydropower Co Ltd
Hydro Village Private Ltd

SCIB
Pavilion Qatar Engineering Co. W.L.L.
Revenue International L.L.C
Interceptor Trading and Contracting W.L.L
Skyview Trading and Contracting W.L.L


Kpower

3x5 MW Nam Taep 1 and 3x5MW Nam Taep 2 hydropower, Laos
8MW Nam Samoy Hydropower, Laos
22.9MW mini-hydropower in Solukhumbhu, Nepal
22MW Mid Hongu Khola – A Hydropower Project, Nepal

18.7 MW mini hydro power plant - Cabaran Hijau Sdn. Bhd.
13.9 MW mini hydro power plant - Selat Serasi Sdn. Bhd.
12 MW mini hydro power plant - Denai Delima Sdn. Bhd.
5.25 MW mini hydropower plant - Koridor Mentari Sdn. Bhd.


Sleep like a baby. Life is beautiful.

Depeche,

Where in Serba's announcements is there any evidence that Bursa instructed Serba to appoint Ernst & Young Consulting Sdn. Bhd. ?

It was Serba's BOD that chose Ernst & Young Consulting Sdn Bhd to perform the independent review.

If indeed Serba made a wrong choice of company to perform the independent review, they cannot take advantage of their own wrong doing.

"No one can take advantage of his own wrong" - Fraus omnia corrumpit



Depeche InvestorKing got his facts right la...it was Bursa's directive to SD to appoint EY... go read news.... don't be lazy
11/11/2021 10:39 AM



8-November-2021 Material Litigation

2 i) A declaration that the instruction given by Bursa dated 28.6.2021 and 2.7.2021 to SDHB to appoint Ernst & Young Consulting Sdn Bhd as a special auditor to conduct a “Special Independent Review” made pursuant to paragraphs 2.23 and 2.24 of the Main Market Listing Requirements (“MMLR”) is in excess of power, null and void and of no effect.

3 a) SDHB further contend that Bursa cannot exercise a purported power to:
a. direct SDHB to appoint a person who is not an auditor;


2-July-2021

The Company wishes to announce that the Board has formally appointed Ernst & Young Consulting Sdn. Bhd. (formerly known as Ernst & Young Advisory Services Sdn. Bhd.) (“EY”) as the special independent reviewer to assist the Board in undertaking the special independent review. This decision is on the back of discussion held between the Company and Bursa Malaysia Securities Berhad ("Bursa Malaysia") where EY is fit for the engagement as they are a reputable “Big 4” firm of auditors. The appointment of EY is also made under the directive from Bursa Malaysia pursuant to paragraphs 2.23 and 2.24 of the Main Market Listing Requirements of Bursa Malaysia (“the Directive”).

28-June-2021

On 25th June 2021 the Board of Directors held a meeting with representatives from Ernst & Young Consulting Sdn Bhd (formerly known as Ernst & Young Advisory Services Sdn. Bhd.) (EY) to finalize their engagement as the independent reviewer to assess the veracity and accuracy of the matters highlighted by the Company’s former external auditor, KPMG PLT.

23-June-2021

The Board had on 14 June 2021, agreed to appoint an independent reviewer to assess veracity and accuracy of the matters highlighted by the external auditors, KPMG PLT.

14-June-2021

We refer to the announcements made on 25 May 2021 and 28 May 2021.

Serba Dinamik Holdings Berhad (“the Company”) wishes to announce that the Board of Directors of the Company has agreed in principle, to appoint Ernst & Young Advisory Services Sdn. Bhd., as the independent reviewer to assess veracity and accuracy of the matters highlighted by the external auditors, KPMG PLT.

28-May-2021

3. APPOINTMENT OF AN INDEPENDENT FIRM AND SCOPE OF WORK
The Board is targeting to appoint an independent firm to review the accuracy and veracity of the matters highlighted by the external auditors as stated above in June 2021. In conjunction, the scope of the work in relation to the above shall be finalised accordingly.

The relevant procedures will include among others the review process and determination of appropriateness of the item as highlighted in Paragraph 2 above.

The Company will make an announcement to this effect immediately upon the finalisation of the aforesaid appointment.

Probably attempting to obtain gag orders.

They forgot/ignored the fact that SC can already commence civil and criminal actions against the company, directors and officers.



bojed PSAi3alert: Yup, that's why I said I don't know how SD are going to fight Bursa on this issue. It looks like it will go down to nitpicking technical stuffs like definitions and grey areas in laws.

I wonder why SD are so hasty in blocking EY from releasing the FFU to the point of seeking legal actions against them LOL!
10/11/2021 10:55 PM

Bojed,

While Ernst & Young Consulting Sdn Bhd may or may not take on auditing jobs, the company definitely has chartered accountants that are qualified to perform audits.

It was Serba's BOD that chose Ernst & Young Consulting Sdn Bhd to perform the independent review. If indeed Serba made a wrong choice of company to perform the independent review, they cannot take advantage of their own wrong doing.

"No one can take advantage of his own wrong" - Fraus omnia corrumpit



2-July-2021

The Company wishes to announce that the Board has formally appointed Ernst & Young Consulting Sdn. Bhd. (formerly known as Ernst & Young Advisory Services Sdn. Bhd.) (“EY”) as the special independent reviewer to assist the Board in undertaking the special independent review. This decision is on the back of discussion held between the Company and Bursa Malaysia Securities Berhad ("Bursa Malaysia") where EY is fit for the engagement as they are a reputable “Big 4” firm of auditors. The appointment of EY is also made under the directive from Bursa Malaysia pursuant to paragraphs 2.23 and 2.24 of the Main Market Listing Requirements of Bursa Malaysia (“the Directive”).

28-June-2021

On 25th June 2021 the Board of Directors held a meeting with representatives from Ernst & Young Consulting Sdn Bhd (formerly known as Ernst & Young Advisory Services Sdn. Bhd.) (EY) to finalize their engagement as the independent reviewer to assess the veracity and accuracy of the matters highlighted by the Company’s former external auditor, KPMG PLT.

23-June-2021

The Board had on 14 June 2021, agreed to appoint an independent reviewer to assess veracity and accuracy of the matters highlighted by the external auditors, KPMG PLT.

14-June-2021

We refer to the announcements made on 25 May 2021 and 28 May 2021.

Serba Dinamik Holdings Berhad (“the Company”) wishes to announce that the Board of Directors of the Company has agreed in principle, to appoint Ernst & Young Advisory Services Sdn. Bhd., as the independent reviewer to assess veracity and accuracy of the matters highlighted by the external auditors, KPMG PLT.


bojed This is the announcement made by Bursa on 29 June 2021 regarding SIR:

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3171055

I don't know how SD are going to battle this one out against Bursa, but if they do want to play this kind of game, it will almost certainly be down to technicality, and who knows how long this will take to conclude the verdict.

The moment fake revenue is recorded, offences have been committed. Subsequent cancellation of the fake projects is irrelevant.


False or misleading statements, etc.
177. A person shall not make a statement, or disseminate information, that is false or misleading in a material particular and is likely to induce the sale or purchase of securities by other persons or is likely to have the effect of raising, lowering, maintaining or stabilising the market price of securities if, when he makes the statement or disseminates the information—
(a) he does not care whether the statement or information is true or false; or
(b) he knows or ought reasonably to have known that the statement or information is false or misleading in a material particular

Fraudulently inducing persons to deal in securities
178. (1) A person shall not—
(a) by making or publishing any statement, promise or forecast that he knows to be misleading, false or deceptive;
(b) by any dishonest concealment of material facts;
(c) by the reckless making or publishing, dishonestly or otherwise, of any statement, promise or forecast that is misleading, false or deceptive; or
(d) by recording or storing in, or by means of, any mechanical, electronic or other device, information that he knows to be false or misleading in a material particular, induce or attempt to induce another person to deal in securities.

Prohibited conduct of person in possession of inside information
188. (1) A person is an “insider” if that person—
(a) possesses information that is not generally available which on becoming generally available a reasonable person would expect it to have a material effect on the price or the value of securities; and(b) knows or ought reasonably to know that the information is not generally available.

(2) An insider shall not, whether as principal or agent, in respect of any securities to which information in subsection (1) relates—
(a) acquire or dispose of, or enter into an agreement for or with a view to the acquisition or disposal of such securities; or
(b) procure, directly or indirectly, an acquisition or disposal of, or the entering into an agreement for or with a view to the acquisition or disposal of such securities.

(3) Where trading in the securities to which the information in subsection (1)
relates is permitted on a stock market of a stock exchange, the insider shall not, directly or indirectly, communicate the information referred to in subsection (1), or cause such information to be communicated, to another person, if the insider knows, or ought reasonably to know, that the other person would or would tend to—
(a) acquire, dispose of, or enter into an agreement with a view to the acquisition or disposal of, any securities to which the information in subsection (1) relates; or
(b) procure a third person to acquire, dispose of or enter into an agreement with a view to the acquisition or disposal of, any securities to which the information in subsection (1) relates.

(4) A person who contravenes subsection (2) or (3) commits an offence and shall be punished on conviction to imprisonment for a term not exceeding ten years and to a fine of not less than one million ringgit.

The moment fake revenue is recorded, offences have been committed. Subsequent cancellation of the fake projects is irrelevant.


False or misleading statements, etc.
177. A person shall not make a statement, or disseminate information, that is false or misleading in a material particular and is likely to induce the sale or purchase of securities by other persons or is likely to have the effect of raising, lowering, maintaining or stabilising the market price of securities if, when he makes the statement or disseminates the information—
(a) he does not care whether the statement or information is true or false; or
(b) he knows or ought reasonably to have known that the statement or information is false or misleading in a material particular

Fraudulently inducing persons to deal in securities
178. (1) A person shall not—
(a) by making or publishing any statement, promise or forecast that he knows to be misleading, false or deceptive;
(b) by any dishonest concealment of material facts;
(c) by the reckless making or publishing, dishonestly or otherwise, of any statement, promise or forecast that is misleading, false or deceptive; or
(d) by recording or storing in, or by means of, any mechanical, electronic or other device, information that he knows to be false or misleading in a material particular, induce or attempt to induce another person to deal in securities.

Prohibited conduct of person in possession of inside information
188. (1) A person is an “insider” if that person—
(a) possesses information that is not generally available which on becoming generally available a reasonable person would expect it to have a material effect on the price or the value of securities; and(b) knows or ought reasonably to know that the information is not generally available.

(2) An insider shall not, whether as principal or agent, in respect of any securities to which information in subsection (1) relates—
(a) acquire or dispose of, or enter into an agreement for or with a view to the acquisition or disposal of such securities; or
(b) procure, directly or indirectly, an acquisition or disposal of, or the entering into an agreement for or with a view to the acquisition or disposal of such securities.

(3) Where trading in the securities to which the information in subsection (1)
relates is permitted on a stock market of a stock exchange, the insider shall not, directly or indirectly, communicate the information referred to in subsection (1), or cause such information to be communicated, to another person, if the insider knows, or ought reasonably to know, that the other person would or would tend to—
(a) acquire, dispose of, or enter into an agreement with a view to the acquisition or disposal of, any securities to which the information in subsection (1) relates; or
(b) procure a third person to acquire, dispose of or enter into an agreement with a view to the acquisition or disposal of, any securities to which the information in subsection (1) relates.

(4) A person who contravenes subsection (2) or (3) commits an offence and shall be punished on conviction to imprisonment for a term not exceeding ten years and to a fine of not less than one million ringgit.

----- The truths about SCIB's clients in Oman & Qatar here -----

Pavilion Qatar Engineering Co. W. L.L.

The second contract, given by Pavilion Qatar Engineering Co. W. L.L., is for civil works - fire water project (47,000 metres) at Ras Laffan Industrial City - Power Station - in Qatar valued at US$62mil (equivalent to RM252.84mil) and is expected to be completed in November 2021.

--->>> Pavillion Qatar ( pavilionqatar.com/organisation-chart.html ) is a cleaning company run by Indian nationals and is not licensed for Oil n Gas acitivities

--->>> Only evidence of rotating equipment or fire water project is available here: http://www.pavilionqatar.com/images/gallery/4.jpg

--->>> SCIB will not be able to collect receivables for fictitious projects


Revenue International LLC

"PETALING JAYA: Sarawak Consolidated Industries Bhd’s wholly-owned subsidiary SCIB International (Labuan) Ltd has bagged three engineering, procurement, construction and commissioning (EPCC) contracts worth US$200.45 million (RM864.54 million).

The three contracts is for the 20 units of villa in Muscat, Oman awarded by Revenue International LLC for the period between April 5, 2020 to April 4, 2021..."


The client Revenue International LLC was registered in Oman in September 2018
CR Commercial Name: Revenue INTERNATIONAL
Commercial Registration No: 1326105
Registration Date: 10/09/2018

Domain: revenueinternationalllc.com
Created: 2018-09-15 15:35:35 UTC

Revenue International LLC's website at https://revenueinternationalllc.com provided the following service descriptions:
Manpower Supply
• General Helpers & Semi- Skilled Employees.
• Skilled Employees such as Carpenters, Painters, Electricians, Steel Fixers, Masons, etc.
• Skilled Employees such as Cleaning, Packing, Loading & Unloading, etc.
• Office Boys, Housekeepers, etc.
Carpentry, Electrical Services, Cleaning, Other Services - Painting, trained handymen, Tile Flooring, Waterproofing

--->>> Revenue International LLC is managed and staffed by Indian foreign workers
--->>> primary business is cleaning services
--->>> the only rotating equipment used are mops
--->>> it's Commercial Registration Certificate is licensed for cleaning services
--->>> Revenue International does not have licences for activites in repair and maintenance of mining, construction, and oil and gas field machinery; renting of mining and oilfield machinery and equipment; repair and maintenance of steam generators, turbines


Interceptor Trading & Contracting Co W.L.L

"Meanwhile, the group's wholly-owned subsidiary SCIB International (Labuan) Ltd has accepted the LOA for an EPCC contract in Qatar worth US$98 million (approximately RM399.35 million).

The client for the Qatar project is Interceptor Trading & Contracting Co W.L.L, according to SCIB."

Domain registrant was from Kerala, India.

Hosting and nameservers were all India based.

ns171.globehost.com
ns172.globehost.com
ns1.bh-in-32.webhostbox.net
ns2.bh-in-32.webhostbox.net
rns409.webhostbox.net
rns410.webhostbox.net

Domain: interceptorqatar.com
Registrar URL: www.publicdomainregistry.com
Creation Date: 2017-03-29T12:24:55Z
Registrant Name: bitz Infos
Registrant Organization: bitzInfos
Registrant Street: Calicut
Registrant City: CALICUT
Registrant State/Province: Kerala
Registrant Postal Code: 673001
Registrant Country: QA
Registrant Phone: +974.66016695


TryMakeGoodBuy did you not read that SCIB cancelled certain contracts with a dubai company.
Someone pointed out that the contract awarder was only a cleaning company.
Maybe need to clean up books for audit.
Good luck to SCIB shareholders
10/11/2021 9:19 PM

KPower's FU (Fake Uncollectable) receivables projects:

3x5 MW Nam Taep 1 and 3x5MW Nam Taep 2 hydropower, Laos
8MW Nam Samoy Hydropower, Laos
22.9MW mini-hydropower in Solukhumbhu, Nepal
22MW Mid Hongu Khola – A Hydropower Project, Nepal

18.7 MW mini hydro power plant - Cabaran Hijau Sdn. Bhd.
13.9 MW mini hydro power plant - Selat Serasi Sdn. Bhd.
12 MW mini hydro power plant - Denai Delima Sdn. Bhd.
5.25 MW mini hydropower plant - Koridor Mentari Sdn. Bhd.


Ppmaster Im sure the kpower got the same account problem with the sb and scib.
10/11/2021 8:37 PM

Fleets of Battleships, Supertankers and Jet Fighters of Fake Uncollectable (FU) Receivables:

Process Dynamics
Pavilion Qatar Engineering Co. W. L.L
Halul Offshore Services Company WLL
New Thunder Technical Services
Block 7
Future Digital Data Systems LLC
Lata International Trading and Services
Regno International Trading & Services W.L.L
Midad Industrial Services
PT Pilar Bahtera Energi
Revenue International LLC
Sufini Holdings Ltd
Captiv Techno Solutions Private Limited
Analog and Digital Labs India Private Limited
Hazarasp Chlor Alkali LLC FC
Nam Taep 1,2,3 Hydropower Co Ltd
Hydro Village Private Ltd

Sleep like a baby. Life is beautiful.

FFU sounds more powerful.

Like DDOS. Not just DOS.


i3lurker I like the way this sounds

:)

Sounds like a kindergarden English Lesson......

also how FFU sounds



PSAi3alert i3lurker,

Serba's argument is not about the "materiality" of the Factual Findings Update (FFU).

They saying 16.14 does not contain the phrase 'Factual Findings Update' and as such Bursa will not have the power to obtain documents.
09/11/2021 10:04 PM

He-Man has yet to act.

Coming soon...


Huangbk72 He-Man always win

Period
09/11/2021 9:57 PM

i3lurker,

Serba's argument is not about the "materiality" of the Factual Findings Update (FFU).

They saying 16.14 does not contain the phrase 'Factual Findings Update' and as such Bursa will not have the power to obtain documents.


16.14 Power to obtain documents

The Exchange may, for investigation purposes:-

(a) by notice in writing require an applicant, a listed issuer, management company, trustee or its directors, officers, employees, or advisers, or any other person to whom these Requirements are directed, to produce for inspection any documents, books, papers, registers, records or accounts (whether recorded in documentary or electronic form) (referred to collectively as "Information" in this Part D) that are held by the person concerned or to which the person concerned has control or access over;

(b) inspect and make copies of, or take notes from, such information;

(c) retain such information for such periods as the Exchange deems fit; or

(d) disclose or forward such information to such authorities as the Exchange deems fit.


i3lurker if SIR is not material it means nothing to release whatever "Factual Findings Update" immediately
09/11/2021 9:34 PM

Even before the determination on the "materiality" of the Factual Findings Update (FFU), Serba need to provide evidence that:

- Bursa instructed Serba to appoint Ernst & Young Consulting Sdn Bhd as a special auditor to conduct a “Special Independent Review”

- Bursa cannot exercise a purported power to direct Serba to appoint a person (Ernst & Young Consulting Sdn Bhd) who is not an auditor

- An independent review has to be done by an auditor only i.e. the person performing the independent review should be Ernst & Young Auditor Qualified to Perform Independent Review Person Sdn Bhd and not Ernst & Young Consulting Sdn Bhd

The Court will not be able to determine the "materiality" of the FFU.

A person has to be appointed to conduct an 'Even More Special Review' on the 'Special Independent Review' to determine the "materiality" of the FFU.



i3lurker only 1 legal point

=> whether the Factual Findings Update is "material" or not


My personal forecast =>
BURSA will just hammer and hammer and hammer and hammer on the "materiality" of the Factual Findings Update.


so of course Factual Findings Update will be released out to "Court"

Option A
Will Court determine whether Factual Findings Update is material?

or

Option B
Will Court leave the determination of materiality of Factual Findings Update to Bursa?

or

Option C
Will Court leave the determination of materiality of Factual Findings Update to Serba?


.....of course the Injunction will prevent "leakage" of Factual Findings Update to the general public.



kakakakakakakakakakkakakakakakakakakakakakakakakakakakakakakakakakaka
09/11/2021 1:34 AM

"No one can take advantage of his own wrong" - Fraus omnia corrumpit

The main allegations in Serba's OS against Bursa are:
- Bursa instructed Serba to appoint Ernst & Young Consulting Sdn Bhd as a special auditor to conduct a “Special Independent Review”
- Bursa cannot exercise a purported power to direct Serba to appoint a person (Ernst & Young Consulting Sdn Bhd) who is not an auditor

The case will be thrown out because:
- The “Special Independent Review” is not an audit
- The selection and appointment of Ernst & Young Consulting Sdn. Bhd. was decided by Serba's Board itself
- Serba stated that 'EY is fit for the engagement as they are a reputable “Big 4” firm of auditors'
- While Ernst & Young Consulting Sdn Bhd does not perform financial audit, some of the partners will likely be chartered accountants


Sleep like a baby.

Life is beautiful.



8-November-2021 Material Litigation

2 i) A declaration that the instruction given by Bursa dated 28.6.2021 and 2.7.2021 to SDHB to appoint Ernst & Young Consulting Sdn Bhd as a special auditor to conduct a “Special Independent Review” made pursuant to paragraphs 2.23 and 2.24 of the Main Market Listing Requirements (“MMLR”) is in excess of power, null and void and of no effect.

3 a) SDHB further contend that Bursa cannot exercise a purported power to:
a. direct SDHB to appoint a person who is not an auditor;


2-July-2021

The Company wishes to announce that the Board has formally appointed Ernst & Young Consulting Sdn. Bhd. (formerly known as Ernst & Young Advisory Services Sdn. Bhd.) (“EY”) as the special independent reviewer to assist the Board in undertaking the special independent review. This decision is on the back of discussion held between the Company and Bursa Malaysia Securities Berhad ("Bursa Malaysia") where EY is fit for the engagement as they are a reputable “Big 4” firm of auditors. The appointment of EY is also made under the directive from Bursa Malaysia pursuant to paragraphs 2.23 and 2.24 of the Main Market Listing Requirements of Bursa Malaysia (“the Directive”).

28-June-2021

On 25th June 2021 the Board of Directors held a meeting with representatives from Ernst & Young Consulting Sdn Bhd (formerly known as Ernst & Young Advisory Services Sdn. Bhd.) (EY) to finalize their engagement as the independent reviewer to assess the veracity and accuracy of the matters highlighted by the Company’s former external auditor, KPMG PLT.

23-June-2021

The Board had on 14 June 2021, agreed to appoint an independent reviewer to assess veracity and accuracy of the matters highlighted by the external auditors, KPMG PLT.

14-June-2021

We refer to the announcements made on 25 May 2021 and 28 May 2021.

Serba Dinamik Holdings Berhad (“the Company”) wishes to announce that the Board of Directors of the Company has agreed in principle, to appoint Ernst & Young Advisory Services Sdn. Bhd., as the independent reviewer to assess veracity and accuracy of the matters highlighted by the external auditors, KPMG PLT.

28-May-2021

3. APPOINTMENT OF AN INDEPENDENT FIRM AND SCOPE OF WORK
The Board is targeting to appoint an independent firm to review the accuracy and veracity of the matters highlighted by the external auditors as stated above in June 2021. In conjunction, the scope of the work in relation to the above shall be finalised accordingly.

The relevant procedures will include among others the review process and determination of appropriateness of the item as highlighted in Paragraph 2 above.

The Company will make an announcement to this effect immediately upon the finalisation of the aforesaid appointment.

You mean a licence is needed to think?


solomolo let sc do their job ... we don't have a license to verify a source ... only those who are qualified can take action..as long as there is no mistake ... we deal as usual
06/11/2021 5:16 PM