AA is different. No hanky panky is going on with the Company unlike SD where Accounts were falsified and arrogant to be at loggerhead with the external auditors and market regulators even though SD was in the wrong...

Who flunked the English?

I thought I heard someone saying " come to my place ,
I 'll cut my cock for you to eat ".

I guess what is meant is " rooster" but she says "cock".

Something 's wrong with her? I guess nope

nope , SD is Sweet Darling

who has flunked his English ?

It is Obviously learnt that the 1st draft of proposed repayment scheme has been rejected by the creditors outright.

Unless the subsequent draft shows significant improvement ,it is expected to be rejected by the creditors.

If consensus can not be reached before 6th,appointment of liquidator is inevitable.

Until then, SD share continues to remain depressed if not stagnant......

It is NOT a matter of cheapness but it is a matter of worth . RM 0.09 sounds cheap but it has no worth at all

It is true that Dr.K still has 20% ++ shares with him, but very soon his shareholding would be depleted to be negligible.

The way it goes, SD 's share is expected to plummet to another new low sooner than you and me expect as a result of which more force selling is expected in coming days, reducing his shareholdings to an insignificant level if not " nil" . Sounds impossible ? well , expect the unexpected.

If SD was genuinely making losses without falsification of Accounts , the financial institutions( FI ) may give them a second chance to revive the Company at their mercy .

The FI can not tolerate companies resorting to false accounting with hidden agenda. No way the FI / creditors would agree to SD's repayment scheme. All the signs surrounding SD are harbingers of heavy depression of share price to take place.....

Another force selling for Dr.K is expected after today and more force selling is expected in coming days like the cascade of waterfalls fast and furious ...

It is learnt that Dr.K is very regretful of his uncooperative manner with the previous external Auditors,KPMG. According to his close ally, he wishes he could turn back the clock and make amend for it but everything is too late by now.

Those who thought it was cheap at 0.12 and bought heavily, are now weeping like babies. The cheapest has yet to come ...

0.005 is imminent. It is learnt that all the creditors have rejected the SD's proposed Scheme Repayment ,which is far fetching....

With the emergence of this latest news,the financial institutions are even more pissed off now and prompted them to make up their minds to reject their repayment scheme outright.

With the negative news of more suits served on SD, the share price is depressed further if not stagnant...

in order to revive, SD is in need of the funding as working capital and long term capital. Who would provide the funds to SD and or the bunch of clowns and jokers after they have screwed up their reputations? No external funding and Public funding are forthcoming , SD is sure to be bleeding to death.

On this basis, the financial institutions/secured creditors would rather recover their debts by liquidating the company fast and furious . The longer the creditors wait, the higher the risk of bad debts............

heavy support at 0.10 in the hope of surging when there is a breakthrough in the Creditors meetings on the repayment scheme but it is very unlikely to be acceptable to the creditors.......

The way it goes, it can tell you one thing. Creditors are on loggerhead with SD and have yet to reach consensus.....all the signs are harbingers of more downpours to come .....

You don't have to work inside to figure out. You don't have to assume. A
any financial institution can provide you with the said facts from their risk managements.

The proceeds from sale of the " identifiable assets" are believed to be unable to meet the debts ,not even the interest in default.

If the consensus on the scheme with the creditors can not be reached by 25th,it is basically kiss and say goodbye..

No need to wait till 6th.

The creditors are pissed off with the arrogant and uncooperative attitudes towards external auditors and market regulators etc to create such a mess as at to date. SD 's reputation has been severely tarnished to the maximum in the eyes of investors local and abroad . The Creditors are of the view that it is going to be very difficult for SD to revive in a million years

Given that scenario, the Creditors are unlikely to accept the scheme , which is reflected in the market now

Meeting with the Creditors is very tense now till 25th . Creditors refuse to bulge and SD is faced with the likelihood of rejection of scheme of repayment outright.

Not Koni boy but horny boy

Casual creditors meetings are ongoing till now 25th before the Court will be informed of the outcome next week.

SD has been trying hard to convince all the creditors to accept the scheme now in do or die situation. It is purportedly learnt that creditors are dubious about the whole schemes and sceptical about the integrity of the current BOD to deliver given their past nasty experience and uncooperative attitudes towards the external auditors and market regulators etc ..

in your fantasy...

No need to wait. You can sense that the market has been nervous about it and is prepared for the worst .....

No demand as sidelined by promotors , who are nervously concerned about the rejection of the creditors for their scheme , which is fervently debating now ....................

0.05 soon

No sign and sight of funds support but retailers.

Promotors sideline awaiting for outcome on the creditors casual meetings. Until then, it is expected to be down in anticipation of the rejection of scheme plan,which is purportedly believed to be the likely outcome.

No matter how you meow meow here and meow meow there, it wont change for the better but worse with no hope of revival....................

It is purportedly believed that the creditors are not expected to accept the scheme of repayment as SD has not been sincere and cooperative enough to respond to the queries made from the auditors but making it difficult for the external auditors to carry out their audit efficiently and effectively from day 1

The creditors are casting doubts on how and what the SD would be able to revive without constructive plans. All the projects mentioned by SD require substantial funds/working capital etc . How these funds can be obtained is questionable, hence SD is destined to be doomed....

Empire strikes back...

Like MAS,Sapura must be salvaged by the Government due to national pride and heritage. It could be revived if the BOD is efficient.

SD ,on the other hand,is not the jewel of the crown,it would be dumped and buried....

I thought the alleged labour abuse has been clarified and settled and no longer an issue by now. Why out of the sudden you get this kind of unexpected event?

What the hell is going on?

SD can come back from the death cos Dr.K and his gangs are all living deads.......

Secured creditors would like to see if the proceeds from the sale of "identifiable Assets" can satisfy their minimum repayment threshold and how the remaining balance is to be satisfied. You never know , the secured creditors might give SD a final chance to revive.......it wont be surprising that the secured creditors would put their representatives in the composition of the Board to supervise them.

To avoid liquidation, thats why SD is prepared to pay off the secured debts partially by disposing off some " identifiable assets" in a bid to pacify the hostile secured creditors in the creditors meeting.

Bros,what makes you think that the secured debts must be secured on fixed,floating ,blanket charge.etc?

SD is a berhad and its debts can be secured on" corporate guarantee " and or " directors' guarantee " which are far more valuable.

It is common to borrow money with corporate guarantee alone without other forms of charges.

What is meant is that the sale of the " identifiable assets" ( uncharged assets) to pay for the secured creditors with secured debts.understood?

You have missed the key word " identifiable assets" as claimed by SD meaning the assets can be disposed off at their pleasure assets.

The proposed sale of identifiable assets can barely meet all the SD's hefty secured debts.

The said proposal is merely to calm the creditors so that they could accept the scheme with some repayment through sale of assets while the majority of balance would be repaid over a longer period through revival plans...

Do you think SD would be profitable again without the making "wonders" again?

Secured creditors can recover their money faster through liquidation than the scheme of 100% repayment which will take donkey years.....

On the above basis ,it is unlikely that the secured creditors would accept the scheme..Hence,appointment of liquidator by court is unavoidable...

1/52 chance to get Ace but tomorrow's up or down is 1/2 chance ie 50%-50%.....very simple..take a guess assuming every thing is constant....

WTF.

The lending was done in good faith through willing parties.

The lenders did not compel you to borrow from them. The lenders like other business are trying to recover their money owed to them in default through no fault of the lenders but the borrower ie Dr k in bad management of the company

WTF.

Before these lenders agreed to lend money to SD, did SD consider the intention of the lenders? Why not rejected in the 1st place?why said so after the money was Swindled? Who has bad intention to cheat?

To my observations, no significant supports except retailers are impulsively buying...

Cast with the black clouds of winding up tussles, it is not expected to surge in the interim...

Well, SD doesnt have to resort to external borrowing for the working capital . SD could make use of their internal fund collected from the receivables ( tons of money awaiting to be collected as claimed ) and/ or could issue right issues assuming all the existing shareholders would support to subscribe otherwise SD will plead the Government to subscribe through GLC or Government Investment arms by hook or by crook ( you know what i mean ). The circus of show will continue...

Judging from the reaction of the market , it is unlikely that the Financial institutions would be prepared to accept the scheme of arrangement by 25th May. The scheme of arrangement is believed to be prejudiced to the position of secured creditors. Conversion of substantial debts into equity shares valued at far fetching price , deferral of repayment to longer terms, impairment of certain portion of debts etc etc are all unacceptable to the secured creditors.

whether the winding up order is issued by the Court or not, the Court must justify with grounds for winding up in writting unlike AGC. Once the winding up order is issued , share is expected to plummet...