KPMG has been auditing thousand and thousand if not million of companies worldwide year in year out

They are experts to smell what is real and what is too good to be real.

Don't tell me they have agenda to target Serba on purpose...

He thought he is a PhD doctorate.

He thought He is above every human kind and must do what he says otherwise you will be backfired...

He is out of his mind.....

Fictitious records.

Don't waste your time to analyse the unaudited accounts which have been cooked.

Majority of them is unsubstantiated...

He thought the company is his.

He can do whatever he likes like a chinaman biz...

Who says it is not in protest,?

Four Serba Dinamik independent directors resign in protest over company's lawsuit against KPMG

Pathetic.

1.no big 4 to audit
2.foreign investors sideline
3.local investors exit and sideline
4.bankers pull handbrake
5.project cancelled
6.statutory audit delayed
7.hefty fine imposed by SC
8.No one of good standings to join as INEDs
9.corporate governance collapsed
10.delisting is called upon

Yer

1.Following the resignation of INEDS, this company is destined to be doomed. Who dares to accept appointment to be partner in crime.

2.EPF will continue to dispose as it has made the decision to dispose. It has lost faith in Serba.

3. Other major shareholders will follow suit ...

4. The cheapest has yet to come....

The idea of having INEDs is to uphold the practice of good governance and to provide a bridge of good ties between the auditors and management but the mgt jeopardised with arrogance and threat

Now the mgt has taken the drastic action against the Auditors which could make matters worse

Under such circumstances, INEDs had no choice but to resign under protest.

Apa lagi u mau?...it is destined to be doomed.....

NTA was rm.1.00?

1.That was in the past before the irregularities were exposed
2. The values of the assets are greatly overstated by at least 60-70% as at to date
3.Debt level is mounting to an unacceptable level
4.if the assets are to be impaired,the NTA should be rm0.30 and below.
5. Who is self -deceiving who?
6. Your persistent denial is larger than your loss.

Pathetic.

It is destined to be doomed to become penny stock next week....

Pathetic

Kmpg Already highlighted to the attention of Serba mgt but they were arrogant and half hearted to deal with the issues.

They are asking for trouble over which they are now very much regretting.....

EY rejected

EPF is dumping like mad

Limit down

if EY rejects the deal, it is going to be another bombardment for Serba...............

Yer. Very delusional.

Collection through averaging and averaging to be funded by the sale proceeds through auction of collection of underwears meant to be good
luck if you cover your head with it....

Illusions

1.purportedly Fictitious sales
2.purportedly Fictitious receivables
3.purportedly Fictitious payables
4 1,2,and 3 could have been filled by other means with agenda ( u know what I mean)
5. Unfortunately, 1,2 and 3 have been put under enquiry before filling can be taken place
6.who has spoilt the fun?
7.who has paid for the price?
8.who is pissed off now?
9.who bites the dust now?

Cheap to buy or low to sell?

Your ignorance of the fact that EPF is either to cut loss or to reduce its shareholding below 5% is greater than your loss.

More dumping is expected to continue. As said,the cheapest has yet to come....

Illusions

1.purportedly Fictitious sales
2.purportedly Fictitious receivables
3.purportedly Fictitious payables
4 Fill up 1,2,and 3 with 4 b out of the blue
5.What do you call the filling process ? Money buster?
6.1,2 and 3 have been under enquiry before process 4 can be taken place
7.who has spoilt the fun?
8.who has paid for the price?
9.who is pissed off now?
10.who bites the dust now?

Sleepless night or sweet dream?

I bet that fellow has already planned his exit long ago.he has accomplished his dream within three years,leaving the loyal and greedy ones bleeding with agony behind.

Despite his substantial shareholding, that fellow seems to like to aggravate the matter from bad to worse with an axe to grind. All the chain of actions seem to be premeditated.

What is left now is the bunch of pitiful and fearful shareiolders who are biting nails everyday to see who is the catalyst to start dumping all for the better or worse....

Time is ticking......

Remedy for serba

1.hire a big 4 auditors
2.compromise with the auditors by having impairment of assets
3.let another clean reputable company take over serba
4.reshuffle the composition of BOD of serba under new company
5. Refrain from engaging RPT and carrying out unorthodox transactions
6.enhance transparency and practice of good governance

The long lawsuit is haunting serba.....

1.KPMG has acknowledged to challenge the lawsuit to fight on
2.all the fishy stuff will be exposed to the world in court
3.depression of share price is unavoidable to the detriment of the interest of major shareholders.
4.exodus of major shareholders is unavoidable
5.EPF is of no exception.

The greedy buys....but in the end....

1.the greedy ones buy
2.the fearful ones sell
3.the greedy ones start to be fearful
4.the greedy ones become fearful ones
5.no more greedy ones except fearful ones in the market.
6.everyone is selling in the end
7.exodus is unavoidable.

The greedy ....

The greedy ones are buying from the fearful institutional investors according to the context of WB

WB

What WB meant was that the daredevil wins it all and the coward stands small.

If you are a daredevil, keep buying without fear.when your fear comes,you just dispose to the daredevil like a circle.....

Madcow.

You have lost your bet with me for the second time.

U must honour your promise

Same or not?

VIP vs V.I.P
SOP vs S.O.P
SOS vs S.O.S
POB vs P.O.B
FBI vs F.B.I
KL vs K.L
AV vs A.V
IRB vs I.R.B
SSM vs S.S.M
PLC vs P.L.C
WTH vs W.T.H

The cheapest has yet to come....

Doomsday?

1.kpmg resign
2.another new auditor is hired to fill in vacancy to be announced in BOD tomorrow.
3.EY is believed to be the new auditor.
4.serba to seek compromise with the new auditor
5.new auditor would compromise via huge impairment of assets
6.existing company valuation is compromised
7.shares capitalisation is compromised
8.share price is adjusted and compromised accordingly.
9. The current share price could probably the corrected price if not adjusted downwards further...

Hopeless

how to tripple your money when it is doomed due to the air of uncertainty in a large scale ??

Doom

1. Removal of KPMG is unavoidable
2. If not 1, KPMG to resign before the expiry of its tenure ( usually to be expired till upcoming AGM)
3. Either 1 or 2 above , Audited account can not be ready for the upcoming AGM
4. Another external auditor is hired to fill vacancy ( assuming another big 4 will take the challenge )
5. Hefty fine is expected by SC for failing to meet deadline for submission of audited account
6. Suspended from listing is likely
7. Exodus of shareholders in the end

No matter what, another auditors of the highest professional integrity would come to the same conclusion as those of KPMG.

The refusal of signing by KPMG indicates something cocky inside the company . Basically, it is gone case. Only Serba can salvage itself .....

Cheap?

The cheapest has yet to come.

It is very silly of them to be associated with the most notorious lawyer in town ,which is seen as a harbinger of more downfall to come.....i am afraid......

we dont want to condemn them

but the ways it go and the irrational actions taken justify our condemnation

the more they talk,the more silly actions to be taken, the more damaging the share price is , the more depressing the share price is ......

exodus of major shareholders is unavoidable in the immediate future.

i am not surprise to see it at 0.30 or below ......

Cheap?

The cheapest has yet to come.

It is very silly of them to be associated with the most notorious lawyer in town ,which is seen as a harbinger of more downfall to come.....i am afraid......

Cheap?

The cheapest has yet to come.

It is very silly to be associated with the most notorious lawyer in town ,which is seen as a harbinger of more downfall to come.....i am afraid......

Pathetic

Keep averaging ......

Hold until you become half past six ...

Listen

1.it is a very straightforward case. KPMG is expected to win if no " unwarranted outside force" is intervened .

2.KPMG has discharged their professional duty of care with integrity to safeguard the interests of all stakeholders including Government

3. it is the onus of Serba to prove they are innocent in court or otherwise.

4. KPMG would be liable due to negligence had they not raised the " Red flag " to signify foul play.

5. The persistent denial of Serba is greatly detrimental to the interest of all shareholders by and large

6. Exodus is expected to be imminent like failing sky.......

We are reasonable and rational.

We are onlookers who are clearer than the insiders who could be biased and blinded to accept reality..

We dont have to wait till tomorrow and then conclude with hindsight.its too late to stop the rainfalls..

Kmpg is a watchdog.

When a watchdog sees an intruder it barks to alert its master(SC).the master must act fast ,the intruder could be hostile.....

The way it goes,the share price is doomed to be depressed

Kpmg got nothing to lose either

Kpmg expect to be sued .that's why kpmg has already insured with huge professional indemnity (PI) insurance to cover themselves.they have all the means to fight on.....

Kpmg is expected to win.if they didn't raise the fundamental inquiry ,they could lose due to professional negligence.

Pathetic...

Who suffers the most? You know better....its the shareholders....

10.52pm on 21.6.2021

I had already given you guys with the shocking news.....